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KIMLEY‐HORN AND ASSOCIATES, INC.
<br />BALANCE SHEETS (CONTINUED)
<br />
<br />
<br />DECEMBER 31, 2016 AND 2015
<br />(SEE INDEPENDENT ACCOUNTANT’S REVIEW REPORT)
<br />
<br />
<br />The accompanying notes to the financial statements are an integral part of these statements. 3
<br />2016 2015
<br />LIABILITIES AND SHAREHOLDER'S EQUITY
<br />Current Liabilities:
<br />Accounts payable – trade 40,558,464$ 29,607,175$
<br />Billings in excess of costs and estimated
<br />earnings on uncompleted contracts 44,549,072 40,074,545
<br />Accounts payable – affiliate 26,094 26,094
<br />Accrued salaries and wages 90,893,487 61,691,585
<br />Accrued vacation payable 13,891,434 11,897,103
<br />Accrued interest - 8,635
<br />Income taxes payable 786,378 -
<br />Accrued retirement plan contributions 46,329,774 40,689,979
<br />Deferred taxes liabilities, current - 11,470,585
<br />Deferred income, current 124,256 142,256
<br />Other current liabilities 73,404 89,705
<br />Total Current Liabilities 237,232,363 195,697,662
<br />Long-Term Liabilities:
<br />Tax liability due to affiliates 929,714 772,333
<br />Deferred taxes liabilities, non-current 3,787,315 3,287,858
<br />Deferred income, non-current 1,397,875 1,540,131
<br />Other long-term liabilities 1,161,778 1,218,881
<br />Total Long-Term Liabilities 7,276,682 6,819,203
<br />Total Liabilities 244,509,045 202,516,865
<br />Shareholder's Equity:
<br />Common stock, stated value of $1.00 per share. Authorized
<br />100,000 shares, issued and outstanding 35,771 shares 35,771 35,771
<br />Paid-in capital 8,798,275 8,798,275
<br />Retained earnings 86,796,851 73,856,832
<br />Accumulated other comprehensive loss (244,590) (279,606)
<br />Total Shareholder’s Equity 95,386,307 82,411,272
<br />Total Liabilities and Shareholder’s Equity 339,895,352$ 284,928,137$
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