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
$