1-Jack_Doheny_Company_2023_Audited_FS.pdf

This document is an Audited Consolidated Financial Statement for Jack Doheny Companies, Inc. and its subsidiaries for the years ended December 31, 2023 and 2022. The financial report was prepared by UHY LLP, a certified public accounting firm located in Farmington Hills, Michigan, and provides a comprehensive overview of the company's financial performance, including consolidated balance sheets, statements of income, comprehensive income, stockholders' equity, and cash flows.

The financial statements reveal that Jack Doheny Companies, Inc. had net sales of $219,448,011 in 2023, compared to $190,792,772 in 2022, with a net income of $34,187,596 for the year. The company's total assets increased to $279,380,241 in 2023 from $229,014,360 in 2022. Key financial details include current assets of $73,284,104, long-term liabilities of $148,148,057, and stockholders' equity of $104,545,123. The company utilized a revolving credit facility with a balance of $145,000,000 in 2023 and maintained various assets including equipment held for lease or sale, operating lease right-of-use assets, and other financial instruments.