EX-99.5
Published on October 22, 2024
Exhibit 99.5
Asphalt Inc., LLC dba Lone Star Paving Company and Subsidiaries
Financial Statements ($ in 000s)
| Revenues | 6/30/2024 YTD | 6/30/2023 YTD | ||||||
| Paving revenues |
$ | 215,287 | $ | 167,038 | ||||
| Material sales |
29,108 | 22,031 | ||||||
|
|
|
|
|
|||||
| Total: |
244,396 | 189,069 | ||||||
|
|
|
|
|
|||||
| Costs and expenses |
||||||||
| Cost of paving revenues |
(169,848 | ) | (134,337 | ) | ||||
| Cost of material sales |
(21,317 | ) | (17,996 | ) | ||||
|
|
|
|
|
|||||
| Total: |
(191,165 | ) | (152,332 | ) | ||||
|
|
|
|
|
|||||
| Gross Profit |
53,230 | 36,736 | ||||||
| Selling, general & admin |
(12,881 | ) | (11,129 | ) | ||||
|
|
|
|
|
|||||
| Income from operations |
40,349 | 25,607 | ||||||
| Other income (expense) |
||||||||
| Other income |
809 | 690 | ||||||
| Gain (loss) on sale |
10,278 | 1,103 | ||||||
| Taxes |
(337 | ) | (144 | ) | ||||
| Interest expense |
(4,110 | ) | (2,322 | ) | ||||
|
|
|
|
|
|||||
| Net income |
$ | 46,989 | $ | 24,934 | ||||
|
|
|
|
|
|||||
| Other items |
||||||||
| Depreciation expense |
10,101 | 8,485 | ||||||
| Amortization expense |
1,257 | 990 | ||||||