Company: SLND-WT
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001558370-25-007594
Chunk: 0

Company: Southland Holdings, Inc.
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 1
Chunk 0
---
Item 1. Financial Statements

SOUTHLAND HOLDINGS, INC.

Condensed Consolidated Balance Sheets (unaudited)

​​​​​​(Amounts in thousands, except share and per share data)As ofASSETSMarch 31, 2025    December 31, 2024Current assets​​​​​Cash and cash equivalents$ 65,052​$ 72,185Restricted cash  16,064​  15,376Accounts receivable, net   171,920​  179,320Retainage receivables  111,179​  112,264Contract assets  493,879​  483,181Other current assets  26,860​  19,326Total current assets  884,954​  881,652​​​​​​Property and equipment, net  111,153​  116,328Right-of-use assets  12,061​  14,897Investments - unconsolidated entities  129,177​  126,705Investments - limited liability companies  2,590​  2,590Investments - private equity  2,685​  2,699Deferred tax asset​ 56,061​​ 54,531Goodwill  1,528​  1,528Intangible assets, net  1,180​  1,180Other noncurrent assets  1,540​  1,539Total noncurrent assets  317,975​  321,997Total assets$ 1,202,929​$ 1,203,649​​​​​​LIABILITIES AND EQUITY​​​​​Current liabilities​​​​​Accounts payable$ 206,577​$ 191,670Retainage payable  33,651​  33,622Accrued liabilities  86,984​  91,515Current portion of long-term debt  46,789​  44,525Short-term operating lease liabilities  7,693​  10,104Contract liabilities  256,594​  249,706Total current liabilities  638,288​  621,142​​​​​​Long-term debt  241,309​  255,625Long-term operating lease liabilities  10,079​  10,791Deferred tax liabilities  292​  292Fin