2019 BBNC Annual Report

TEN YEAR FINANCIAL SUMMARY (In thousands except share data, ratios, and percentages) 2019 2018 2017 2016 11,415 27,959 24,789 (63) — — 592,715 579,869 2015 2014 2013 2012 2011 2010 11,442 25,167 14,254 5,537 14,935 23,282 811,253 1,011,443 1,097,607 1,173,249 948,873 791,736 REVENUES Investment income $ Petroleum sales operations Contract services Industrial Services 981,197 867,764 171,826 208,238 257,826 142,154 39,030 39,360 37,637 33,923 Construction 403,666 473,397 440,208 479,073 414,033 404,907 517,799 449,868 401,608 375,776 Government Services 260,580 267,250 277,541 234,740 228,720 240,823 282,821 287,186 256,247 152,199 11,760 10,751 9,114 2,040 1,861 1,890 1,493 — — — 11,753 10,677 6,904 5,954 10,186 8,396 6,524 9,877 7,648 3,965 Tourism Natural Resources Gain on sale of controlling interest in subsidiary 6,819 — — — — — — — — — Other income (1) 1,824 1,547 2,084 2,171 763 1,114 2,252 430 252 1,515 1,689,014 1,659,345 1,525,181 1,512,022 1,736,084 1,835,894 1,961,780 1,965,507 1,667,200 1,382,396 TOTAL OPERATING REVENUE 1,621,517 1,602,469 1,460,485 1,473,156 1,662,248 1,753,661 1,892,521 1,898,335 1,597,930 1,346,170 COSTS AND EXPENSES (1) Earnings from operations 67,497 56,876 64,696 38,866 73,836 82,233 69,259 67,172 69,270 36,226 (14,010) 46,348 (23,564) 4,875 (28,000) (33,047) (27,941) 3,054 (26,253) (4,289) (339) (161) (111) (52) (945) (36) 0 0 0 0 $ 53,148 103,063 41,021 43,689 44,891 49,150 41,318 70,226 43,017 31,937 $ 69,097 45,687 94,985 74,154 89,618 120,534 30,489 36,975 17,484 5,631 24,517 15,106 13,772 10,656 19,552 7,215 18,014 16,992 5,669 5,750 (26,915) (57,906) (9,934) (3,727) (862) 62,851 18,974 (11,648) (2,731) 6,884 23,804 20,111 18,796 17,499 27,313 14,981 13,883 12,070 7,453 6,913 Income tax benefit (expense), net of extraordinary benefit Earnings applicable to minority interests NET EARNINGS (LOSS) CASH FLOW DATA Net cash provided by operating activities Net capital expenditures Addition (reduction) to long-term debt Regular dividends, including contributions to settlement trusts SHAREHOLDER DATA Earnings (loss) per share 98.00 191.00 76.00 81.00 83.00 91.00 76.51 130.02 79.65 59.13 Shareholder distributions per share $ 40.40 37.40 34.80 32.40 30.00 27.00 25.00 22.00 13.80 12.80 Return on average stockholders’ equity 10.8% 23.5% 10.6% 11.7% 12.9% 14.8% 14.6% 29.2% 22.2% 19.6% 13,180 24,615 85,159 72,327 62,464 49,471 38,214 46,135 35,118 25,521 FINANCIAL POSITION Cash and equivalents Working capital (1) $ 51,857 59,380 86,692 89,660 89,135 59,827 37,931 71,655 10,469 27,479 Marketable equity securities at fair market value 150,808 150,763 139,563 141,427 133,445 136,807 176,781 115,202 97,830 84,820 Property, plant and equipment, at cost 156,560 148,344 155,240 161,012 170,630 174,337 70,263 56,940 46,481 46,748 Total assets 699,752 699,860 686,502 643,050 656,621 629,922 559,034 518,703 448,322 370,456 Long-term debt (including current maturities) Stockholders’ equity 12,662 39,577 97,483 107,417 111,144 112,006 49,155 30,181 41,829 44,560 509,624 480,031 397,315 374,676 349,376 330,897 296,732 269,297 211,141 175,577 RATIOS Current ratio (1) Long-term debt-to-equity ratio 1.3 1.3 1.5 1.6 1.5 1.3 1.2 1.3 1.1 1.2 — 0.08 0.25 0.29 0.32 0.34 0.17 0.11 0.20 0.25 NOTES: (1) Marketable equity securities have not been included as part of current assets for this computation M anagement ' s D iscussion and A nalysis 39

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