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Exhibit A
Page 1 of 3
MYR GROUP INC.
Balance Sheet
As of June 30, 2000
----------------------------------
(Unaudited)
Assets
Current Assets:
Accounts Receivable:
Contract $109,441,386
Other 98,377
Cost and Estimated Earnings in Excess
of Billings on Uncompleted Contracts 21,140,786
Prepaid Deferred Taxes 10,486,770
Other 1,131,425
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Total Current Assets 142,298,744
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Fixed Assets:
Land 930,807
Building and Improvements 4,281,719
Construction Equipment 49,035,114
Office Equipment 5,889,481
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60,137,121
Accumulated Depreciation (43,267,565)
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Total Fixed Assets 16,869,556
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Goodwill, Net 166,087,411
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Deferred Debits and Other Assets 3,670,995
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Total Assets $328,926,706
===========
<PAGE>
Exhibit A
Page 2 of 3
MYR GROUP INC.
Balance Sheet
As of June 30, 2000
----------------------------------
(Unaudited)
Liabilities & Stockholder's Equity
Current Liabilities:
Notes Payable $ 18,334,227
Accounts Payable 14,437,145
Billings in Excess of Cost and Estimated
Earnings on Uncompleted Contracts 19,483,644
Income Taxes Payable 3,578,995
Other 30,007,218
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Total Current Liabilities 85,841,229
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Long-Term Liabilities:
Long-Term Debt 12,300,000
Deferred Income Taxes 1,924,288
Other 385,298
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Total Long-Term Liabilities 14,609,586
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Stockholder's Equity:
Common Stock 67,143
Capital Surplus 226,377,697
Retained Earnings 2,031,051
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Total Stockholder's Equity 228,475,891
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Total Liabilities & Stockholder's Equity $328,926,706
===========
<PAGE>
Exhibit A
Page 3 of 3
MYR GROUP INC.
Statement of Income
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(Unaudited)
For the Two Months
Ended June 30, 2000
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Operating Revenues $ 99,531,620
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Operating Expenses:
Other Operation and Maintenance 90,390,496
Depreciation and Amortization 1,310,569
Taxes, Other than Income Taxes 3,919,355
Total Operating Expenses 95,620,420
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Operating Income 3,911,200
Other Income/(Expense), Net 238,766
Interest Charges 207,472
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Earnings Before Income Taxes 3,942,494
Income Taxes 1,911,445
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Net Income $ 2,031,049
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