2019 BBNC Annual Report | Page 44

BRISTOL BAY NATIVE CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS March 31, 2019 and 2018 (In thousands, except shares) LIABILITIES AND STOCKHOLDERS’ EQUITY 2019 2018 3,807 3,174 CURRENT LIABILITIES Notes payable (note 10) $ Accounts payable 70,629 77,819 Accrued liabilities (note 12) 78,865 76,516 Billings in excess of costs and earnings (note 1(m)) 22,664 21,341 1,355 1,402 12,662 5,002 189,982 185,254 Unclaimed dividends Current maturities of long-term debt (note 11) TOTAL CURRENT LIABILITIES Long-term debt, less current maturities (note 10) Deferred taxes (note 13) TOTAL LIABILITIES — 34,575 146 — 190,128 219,829 29,571 29,571 3,124 3,124 Stockholders’ equity Class A common stock, no par value. Authorized, 1,000,000 shares; issued and outstanding, 488,500 shares (note 2) Class B common stock, no par value. Authorized, 300,000 shares; issued and outstanding, 51,600 shares (note 2) Retained earnings 476,453 447,062 Total stockholders’ equity attributable to Bristol Bay Native Corporation 509,148 479,757 Noncontrolling interest 476 274 Total stockholders’ equity 509,624 480,031 699,752 699,860 Commitments and contingencies (notes 7, 10, 11, 12, 13, 14, and 15) TOTAL LIABILITIES AND STOCKHOLDERS' EQUIT Y See accompanying notes to consolidated financial statements. 42 BBNC FY2019 ANNUAL REPORT $