Company: SLND-WT
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001558370-25-011241
Chunk: 0

Company: Southland Holdings, Inc.
Filing Date: 2025-08-12
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 ofASSETSJune 30, 2025    December 31, 2024Current assets​​​​​Cash and cash equivalents$ 46,517​$ 72,185Restricted cash  16,779​  15,376Accounts receivable, net   158,134​  179,320Retainage receivables  115,529​  112,264Contract assets  500,520​  483,181Other current assets  29,704​  19,326Total current assets  867,183​  881,652​​​​​​Property and equipment, net  108,437​  116,328Right-of-use assets  10,135​  14,897Investments - unconsolidated entities  132,541​  126,705Investments - limited liability companies  2,590​  2,590Investments - private equity  2,580​  2,699Deferred tax asset​ 57,396​​ 54,531Goodwill  1,528​  1,528Intangible assets, net  1,180​  1,180Other noncurrent assets  1,698​  1,539Total noncurrent assets  318,085​  321,997Total assets$ 1,185,268​$ 1,203,649​​​​​​LIABILITIES AND EQUITY​​​​​Current liabilities​​​​​Accounts payable$ 221,818​$ 191,670Retainage payable  33,662​  33,622Accrued liabilities  75,459​  91,515Current portion of long-term debt  48,895​  44,525Short-term operating lease liabilities  5,886​  10,104Contract liabilities  250,942​  249,706Total current liabilities  636,662​  621,142​​​​​​Long-term debt  229,728​  255,625Long-term operating lease liabilities  9,952​  10,791Deferred tax liabilities  3,138​  292