SLND: Southland Holdings Inc Financial Statements

Balance sheet, income statement, and cash flow statements for Southland Holdings Inc (SLND).

OverviewDividends

$156.34M Market Cap.

As of 05/14/2025 5:00 PM ET (MRY) • Disclaimer

SLND Market Cap. (MRY)


SLND Shares Outstanding (MRY)


SLND Assets (MRY)


Total Assets

$1.20B

Total Liabilities

$1.03B

Total Investments

$131.99M

SLND Income (MRY)


Revenue

$980.18M

Net Income

-$105.36M

Operating Expense

$63.27M

SLND Cash Flow (MRY)


CF Operations

$1.93M

CF Investing

$3.23M

CF Financing

$18.78M

SLND Balance Sheet (MRY)


Metric

2024

2023

2022

2021

Total Assets

$1,203,649,000 (0.21%)

$1,201,068,000 (6.73%)

$1,125,305,000 (8.65%)

$1,035,753,000 (-7.57%)

Assets Current

$881,652,000 (-6.46%)

$942,536,000 (8.67%)

$867,304,000 (16.18%)

$746,516,000 (-7.28%)

Assets Non-Current

$321,997,000 (24.55%)

$258,532,000 (0.21%)

$258,001,000 (-10.80%)

$289,237,000 (-8.33%)

Goodwill & Intangible Assets

$2,708,000 (-15.64%)

$3,210,000 (-14.31%)

$3,746,000 (-21.02%)

$4,743,000 (-27.50%)

Shareholders Equity

$163,658,000 (-34.44%)

$249,622,000 (-28.56%)

$349,438,000 (19.96%)

$291,294,000 (12.46%)

Property Plant & Equipment Net

$131,225,000 (14.47%)

$114,642,000 (-12.47%)

$130,977,000 (-23.78%)

$171,847,000 (-15.99%)

Cash & Equivalents

$87,561,000 (37.20%)

$63,820,000 (-11.35%)

$71,991,000 (-35.28%)

$111,242,000 (-38.33%)

Accumulated Other Comprehensive Income

-$3,902,000 (-167.26%)

-$1,460,000 (43.32%)

-$2,576,000 (-174.92%)

-$937,000 (46.03%)

Deferred Revenue

$249,706,000 (29.15%)

$193,351,000 (46.97%)

$131,557,000 (18.22%)

$111,286,000 (-60.92%)

Total Investments

$131,994,000 (3.55%)

$127,473,000 (6.61%)

$119,575,000 (9.24%)

$109,461,000 (9.15%)

Investments Current

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Investments Non-Current

$131,994,000 (3.55%)

$127,473,000 (6.61%)

$119,575,000 (9.24%)

$109,461,000 (9.15%)

Inventory

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Trade & Non-Trade Receivables

$291,584,000 (-4.22%)

$304,431,000 (17.83%)

$258,360,000 (8.70%)

$237,673,000 (3.13%)

Trade & Non-Trade Payables

$225,292,000 (10.76%)

$203,414,000 (27.08%)

$160,062,000 (-10.66%)

$179,161,000 (20.39%)

Accumulated Retained Earnings (Deficit)

-$124,618,000 (-547.27%)

-$19,253,000 (0%)

$0 (0%)

-$8,203,926

Tax Assets

$54,531,000 (374.35%)

$11,496,000 (0%)

$0 (0%)

$0 (0%)

Tax Liabilities

$292,000 (-88.54%)

$2,548,000 (-24.88%)

$3,392,000 (-43.11%)

$5,962,000 (-4.36%)

Total Debt

$362,513,000 (13.40%)

$319,687,000 (6.49%)

$300,204,000 (10.99%)

$270,474,000 (13.21%)

Debt Current

$54,629,000 (-12.64%)

$62,535,000 (-0.57%)

$62,894,000 (2.46%)

$61,381,000 (13.70%)

Debt Non-Current

$307,884,000 (19.73%)

$257,152,000 (8.36%)

$237,310,000 (13.49%)

$209,093,000 (13.07%)

Total Liabilities

$1,028,240,000 (9.33%)

$940,504,000 (22.87%)

$765,421,000 (4.37%)

$733,402,000 (-14.52%)

Liabilities Current

$621,142,000 (6.37%)

$583,967,000 (22.66%)

$476,097,000 (1.97%)

$466,885,000 (-23.17%)

Liabilities Non-Current

$407,098,000 (14.18%)

$356,537,000 (23.23%)

$289,324,000 (8.56%)

$266,517,000 (6.47%)

SLND Income Statement (MRY)


Metric

2024

2023

2022

2021

Revenues

$980,179,000 (-15.53%)

$1,160,417,000 (-0.09%)

$1,161,431,000 (-9.21%)

$1,279,186,000 (20.91%)

Cost of Revenue

$1,043,219,000 (-7.24%)

$1,124,603,000 (10.20%)

$1,020,497,000 (-12.40%)

$1,164,998,000 (20.78%)

Selling General & Administrative Expense

$63,274,000 (-5.84%)

$67,195,000 (15.39%)

$58,231,000 (0.16%)

$58,136,000 (17.08%)

Research & Development Expense

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Operating Expenses

$63,274,000 (-5.84%)

$67,195,000 (15.39%)

$58,231,000 (0.16%)

$58,136,000 (17.08%)

Interest Expense

$29,512,000 (51.57%)

$19,471,000 (119.00%)

$8,891,000 (22.55%)

$7,255,000 (-10.39%)

Income Tax Expense

-$46,892,000 (-449.92%)

-$8,527,000 (-164.16%)

$13,290,000 (21.43%)

$10,945,000 (16.36%)

Net Loss Income from Discontinued Operations

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Consolidated Income

-$105,528,000 (-463.87%)

-$18,715,000 (-129.87%)

$62,650,000 (50.85%)

$41,530,000 (37.74%)

Net Income to Non-Controlling Interests

-$163,000 (-130.30%)

$538,000 (-74.48%)

$2,108,000 (-24.98%)

$2,810,000 (179.92%)

Net Income

-$105,365,000 (-447.27%)

-$19,253,000 (-131.80%)

$60,542,000 (56.36%)

$38,720,000 (15.01%)

Preferred Dividends Income Statement Impact

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Income Common Stock

-$105,365,000 (-447.27%)

-$19,253,000 (-131.80%)

$60,542,000 (56.36%)

$38,720,000 (15.01%)

Weighted Average Shares

$48,073,973 (2.09%)

$47,088,813 (31.13%)

$35,911,000 (183.34%)

$12,673,976

Weighted Average Shares Diluted

$48,073,973 (2.09%)

$47,088,813

-

$12,673,976

Earning Before Interest & Taxes (EBIT)

-$122,745,000 (-1377.25%)

-$8,309,000 (-110.04%)

$82,723,000 (45.33%)

$56,920,000 (11.24%)

Gross Profit

-$63,040,000 (-276.02%)

$35,814,000 (-74.59%)

$140,934,000 (23.42%)

$114,188,000 (22.26%)

Operating Income

-$126,314,000 (-302.52%)

-$31,381,000 (-137.94%)

$82,703,000 (47.55%)

$56,052,000 (28.13%)

SLND Cash Flow Statement (MRY)


Metric

2024

2023

2022

2021

Net Cash Flow from Investing

$3,228,000 (-28.07%)

$4,488,000 (-19.31%)

$5,562,000 (165.44%)

-$8,499,000 (-104.34%)

Net Cash Flow from Financing

$18,781,000 (825.14%)

-$2,590,000 (-112.86%)

$20,135,000 (-34.21%)

$30,604,000 (163.82%)

Net Cash Flow from Operations

$1,927,000 (118.77%)

-$10,264,000 (84.50%)

-$66,202,000 (26.91%)

-$90,573,000 (-80.53%)

Net Cash Flow / Change in Cash & Cash Equivalents

$23,741,000 (390.55%)

-$8,171,000 (79.18%)

-$39,251,000 (43.24%)

-$69,154,000 (-170.09%)

Net Cash Flow - Business Acquisitions and Disposals

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Net Cash Flow - Investment Acquisitions and Disposals

$4,131,000 (962.42%)

-$479,000 (-556.16%)

-$73,000 (93.92%)

-$1,201,000 (83.49%)

Capital Expenditure

-$903,000 (55.58%)

-$2,033,000 (-138.37%)

$5,299,000 (170.22%)

-$7,546,000 (68.24%)

Issuance (Repayment) of Debt Securities

$17,395,000 (191.09%)

-$19,097,000 (-184.53%)

$22,592,000 (-30.72%)

$32,609,000 (179.57%)

Issuance (Purchase) of Equity Shares

$0 (0%)

$17,088,000 (0%)

$0 (0%)

$0 (0%)

Payment of Dividends & Other Cash Distributions

$0 (0%)

-$110,000 (95.52%)

-$2,457,000 (6.22%)

-$2,620,000 (0%)

Effect of Exchange Rate Changes on Cash

-$195,000 (-200.00%)

$195,000 (-84.45%)

$1,254,000 (282.80%)

-$686,000 (-170.87%)

Share Based Compensation

$2,049,000 (129.97%)

$891,000 (0%)

$0 (0%)

$0 (0%)

Depreciation Amortization & Accretion

$23,298,000 (-23.69%)

$30,529,000 (-33.19%)

$45,697,000 (-3.73%)

$47,468,000 (20.57%)

SLND Financial Metrics (MRY)


Metric

2024

2023

2022

2021

Gross Margin

-6.40% (-306.45%)

3.10% (-74.38%)

12.10% (35.96%)

8.90% (1.14%)

Profit Margin

-10.70% (-529.41%)

-1.70% (-132.69%)

5.20% (73.33%)

3.00% (-6.25%)

EBITDA Margin

-10.10% (-631.58%)

1.90% (-82.88%)

11.10% (35.37%)

8.20% (-4.65%)

Return on Average Equity (ROAE)

-55.10% (-625.00%)

-7.60% (-120.77%)

36.60% (159.57%)

14.10%

Return on Average Assets (ROAA)

-8.60% (-437.50%)

-1.60% (-118.18%)

8.80% (144.44%)

3.60%

Return on Sales (ROS)

-12.50% (-1685.71%)

-0.70% (-109.86%)

7.10% (61.36%)

4.40% (-8.33%)

Return on Invested Capital (ROIC)

-14.70% (-1533.33%)

-0.90% (-106.21%)

14.50% (64.77%)

8.80%

Dividend Yield

0% (0%)

0% (0%)

0% (0%)

0%

Price to Earnings Ratio (P/E)

-1.48 (88.21%)

-12.59

-

-993

Price to Sales Ratio (P/S)

0.16 (-23.92%)

0.21 (-33.86%)

0.32 (222.45%)

0.1

Price to Book Ratio (P/B)

0.95 (-3.54%)

0.99 (-5.71%)

1.05 (-14.22%)

1.22

Debt to Equity Ratio (D/E)

6.28 (66.75%)

3.77 (72.05%)

2.19 (-13.03%)

2.52 (-24.00%)

Earnings Per Share (EPS)

-2.19 (-434.15%)

-0.41

-

-0.01

Sales Per Share (SPS)

20.39 (-17.26%)

24.64 (-23.80%)

32.34 (-67.96%)

100.93

Free Cash Flow Per Share (FCFPS)

0.02 (108.05%)

-0.26 (84.61%)

-1.7 (78.09%)

-7.74

Book Value Per Share (BVPS)

3.4 (-35.79%)

5.3 (-45.52%)

9.73 (-57.66%)

22.98

Tangible Assets Book Value Per Share (TABVPS)

24.98 (-1.80%)

25.44 (-18.55%)

31.23 (-61.61%)

81.35

Enterprise Value Over EBIT (EV/EBIT)

-3 (95.31%)

-64 (-1700.00%)

4 (-33.33%)

6

Enterprise Value Over EBITDA (EV/EBITDA)

-4.27 (-117.93%)

23.79 (733.35%)

2.85 (-16.45%)

3.42

Asset Turnover

0.8 (-18.23%)

0.98 (-41.93%)

1.69 (42.58%)

1.19

Current Ratio

1.42 (-12.08%)

1.61 (-11.42%)

1.82 (13.95%)

1.6 (20.68%)

Dividends

$0 (0%)

$0 (0%)

$0 (0%)

$0 (0%)

Free Cash Flow (FCF)

$1,024,000 (108.33%)

-$12,297,000 (79.81%)

-$60,903,000 (37.93%)

-$98,119,000 (-32.71%)

Enterprise Value (EV)

$424,281,914 (-19.75%)

$528,667,637 (44.21%)

$366,588,347 (2.79%)

$356,651,616

Earnings Before Tax (EBT)

-$152,257,000 (-448.08%)

-$27,780,000 (-137.63%)

$73,832,000 (48.66%)

$49,665,000 (15.30%)

Earnings Before Interest Taxes & Depreciation Amortization (EBITDA)

-$99,447,000 (-547.56%)

$22,220,000 (-82.70%)

$128,420,000 (23.02%)

$104,388,000 (15.29%)

Invested Capital

$854,751,000 (-1.73%)

$869,758,000 (-0.45%)

$873,675,000 (20.78%)

$723,357,000 (28.05%)

Working Capital

$260,510,000 (-27.35%)

$358,569,000 (-8.34%)

$391,207,000 (39.90%)

$279,631,000 (41.64%)

Tangible Asset Value

$1,200,941,000 (0.26%)

$1,197,858,000 (6.80%)

$1,121,559,000 (8.78%)

$1,031,010,000 (-7.46%)

Market Capitalization

$156,342,914 (-36.73%)

$247,122,637 (-32.67%)

$367,010,420 (2.92%)

$356,596,230

Average Equity

$191,326,750 (-24.75%)

$254,262,000 (53.52%)

$165,620,944 (-39.81%)

$275,155,000

Average Assets

$1,220,316,500 (3.30%)

$1,181,359,500 (72.03%)

$686,712,578 (-36.31%)

$1,078,195,000

Invested Capital Average

$835,398,000 (-6.14%)

$890,012,000 (55.60%)

$571,984,989 (-11.20%)

$644,137,500

Shares

48,105,512 (0.45%)

47,891,984 (33.36%)

35,911,000 (0.00%)

35,911,000