EX-99 2 ex_a.htm MYR COMSOLIDATED BALANCE SHEETS AND STATEMENT OF OPERATIONS MYR Consolidated Balance Sheets and Statement of Operations



Exhibit A
Page 1 of 3
 

MYR GROUP INC.
Consolidated Balance Sheet (Unaudited)
     As of December 31, 2004     
(In Thousands)

 


Assets
     
       
Current Assets:
       
Cash and cash equivalents
 
$
12,285
 
Accounts receivable:
       
Customers
   
61,748
 
Associated companies
   
-
 
Other
   
35
 
Notes receivable
   
4,143
 
Prepayments and other
   
22,986
 
     
101,197
 
         
Property, Plant and Equipment
   
13,208
 
         
Investments:
       
Other
   
1,448
 
     
1,448
 
         
Deferred Charges:
       
Goodwill, net
   
63,136
 
Accumulated deferred income tax benefits
   
1,059
 
Other
   
-
 
     
64,195
 
         
         
Total Assets
 
$
180,048
 
         


 
 

Exhibit A
Page 2 of 3

MYR GROUP INC.
Consolidated Balance Sheet (Unaudited)
     As of December 31, 2004     
(In Thousands)





Liabilities and Capitalization
     
       
Current Liabilities:
     
Accounts payable
       
Other
 
$
12,202
 
Associated companies
   
1,430
 
Accrued income taxes
   
-
 
Other
   
38,826
 
     
52,458
 
         
Capitalization:
       
Common stockholder’s equity
   
127,434
 
Long-term debt
   
-
 
     
127,434
 
         
Deferred Credits:
       
Other
   
156
 
     
156
 
         
         
Total Liabilities and Capitalization
 
$
180,048
 

 

 
Exhibit A
Page 3 of 3

MYR GROUP INC.
Consolidated Statement of Operations (Unaudited)
For the Twelve Months Ended December 31, 2004
(In Thousands)





Revenues
 
$
347,416
 
         
Expenses:
       
Other operation expenses
   
353,431
 
Provision for depreciation and amortization
   
1,074
 
Total expenses
   
354,505
 
         
Loss before Interest and Income Taxes
   
(7,089
)
         
Interest expense
   
23
 
         
Income tax benefit
   
(3,204
)
         
Net Loss
 
$
(3,908
)