Company: SLND-WT
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001104659-25-110523
Chunk: 0

Company: Southland Holdings, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
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Item 1. Financial Statements

SOUTHLAND HOLDINGS, INC.

Condensed Consolidated Balance Sheets (unaudited)

​​​​​​(Amounts in thousands, except share and per share data)As ofASSETSSeptember 30, 2025    December 31, 2024Current assets​​​​​Cash and cash equivalents$ 40,482​$ 72,185Restricted cash  16,862​  15,376Accounts receivable, net   195,072​  179,320Retainage receivables  120,535​  112,264Contract assets  468,551​  483,181Other current assets  28,177​  19,326Total current assets  869,679​  881,652​​​​​​Property and equipment, net  112,188​  116,328Right-of-use assets  9,900​  14,897Investments - unconsolidated entities  134,608​  126,705Investments - limited liability companies  2,590​  2,590Investments - private equity  2,554​  2,699Deferred tax asset​ 143​​ 54,531Goodwill  1,528​  1,528Intangible assets, net  1,180​  1,180Other noncurrent assets  1,698​  1,539Total noncurrent assets  266,389​  321,997Total assets$ 1,136,068​$ 1,203,649​​​​​​LIABILITIES AND EQUITY​​​​​Current liabilities​​​​​Accounts payable$ 233,895​$ 191,670Retainage payable  35,413​  33,622Accrued liabilities  76,812​  91,515Current portion of long-term debt  51,356​  44,525Short-term operating lease liabilities  6,272​  10,104Contract liabilities  268,210​  249,706Total current liabilities  671,958​  621,142​​​​​​Long-term debt  216,443​  255,625Long-term operating lease liabilities  16,838​  10,791Deferred tax liabilities  3,071​