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Ecology and Environment, Inc
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Consolidated Balance Sheet
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July 31,
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July 31,
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Assets
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2004
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2003
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Current assets:
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Cash and cash equivalents
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$
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4,240,333
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$
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6,577,390
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Investment securities available for sale
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143,647
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4,078,181
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Contract receivables, net
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36,433,300
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40,692,336
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Deferred income taxes
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5,029,233
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4,970,036
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Other current assets
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2,442,900
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3,517,283
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Assets of discontinued operations held for sale
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29,817
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205,545
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Total current assets
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48,319,230
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60,040,771
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Property, building and equipment, net
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11,979,886
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12,175,137
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Deferred income taxes
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-
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261,713
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Other assets
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2,204,510
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3,903,912
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Total assets
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$
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62,503,626
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$
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76,381,533
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Liabilities and Shareholders' Equity
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Current liabilities:
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Accounts payable
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$
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6,070,266
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$
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6,327,389
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Demand loan payable
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-
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-
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Accrued payroll costs
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4,611,097
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4,872,149
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Income taxes payable
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363,114
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1,150,564
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Deferred revenue
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739,679
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7,375,313
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Current portion of long-term debt and capital lease obligations
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266,597
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2,378,226
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Other accrued liabilities
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8,495,677
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10,147,854
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Liabilities of discontinued operations held for sale
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293,048
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310,378
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Total current liabilities
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20,839,478
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32,561,873
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Deferred income taxes
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107,960
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-
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Deferred revenue
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454,540
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3,835,937
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Long-term debt and capital lease obligations
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336,393
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137,086
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Minority interest
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1,382,412
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1,469,015
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Shareholders' equity:
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Preferred stock, par value $.01 per share;
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authorized - 2,000,000 shares; no shares
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issued
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-
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-
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Class A common stock, par value $.01 per
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share; authorized - 6,000,000 shares;
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issued - 2,501,985 and 2,469,071 shares
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25,021
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24,691
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Class B common stock, par value $.01 per
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share; authorized - 10,000,000 shares;
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issued - 1,681,304 and 1,712,068 shares
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16,813
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17,121
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Capital in excess of par value
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17,592,444
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17,467,974
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Retained earnings
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24,972,691
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23,967,504
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Accumulated other comprehensive income
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(2,336,723)
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(2,111,830)
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Unearned compensation, net of tax
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(193,282)
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(156,552)
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Treasury stock - Class A common, 61,490 and 83,513
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shares; Class B common, 26,259 and 26,259 shares, at cost
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(694,121)
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(831,286)
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Total shareholders' equity
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39,382,843
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38,377,622
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Total liabilities and shareholders' equity
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$
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62,503,626
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$
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76,381,533
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