Argan Inc. (AGX) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
ONE CHURCH STREET SUITE 201 ROCKVILLE, MD 20850 |
| State of Incorp. | DE |
| Fiscal Year End | January 31 |
| Industry (SIC) | 17 - Construction Special Trade Contractors (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 7/31/2024 MRQ | 1/31/2024 | 10/31/2023 MRQ | 1/31/2023 | 1/31/2022 | 1/31/2021 | 1/31/2020 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 306,521 | 293,598 | 325,458 | 440,498 | 456,726 | 327,862 | |||
| Cash and cash equivalents | 197,032 | 185,569 | 173,947 | 350,472 | 366,671 | 167,363 | |||
| Short-term investments | 109,489 | 108,029 | 151,511 | 90,026 | 90,055 | 160,499 | |||
| Receivables | 45,526 | 48,122 | 48,232 | 24,578 | 28,713 | 37,192 | |||
| Prepaid expense | |||||||||
| Contract with customer, asset, after allowance for credit loss | 48,189 | 25,391 | 24,778 | 4,904 | 26,635 | 33,379 | |||
| Other current assets | 39,259 | 41,243 | 38,334 | 34,904 | 34,146 | 23,322 | |||
| Debt securities, available-for-sale, accrued interest, after allowance for credit loss | ✕ | 1,300 | 800 | ✕ | |||||
| Other undisclosed current assets | 106,384 | 104,917 | 1,900 | 2,400 | |||||
| Total current assets: | 547,179 | 514,071 | 438,702 | 507,284 | 546,220 | 421,755 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 5,300 | 4,100 | 4,800 | 4,029 | 3,760 | ||||
| Property, plant and equipment | 11,021 | 10,786 | 10,430 | 10,460 | 20,361 | 22,539 | |||
| Long-term investments and receivables | 2,100 | 1,000 | 1,200 | ||||||
| Long-term investments | 2,100 | 1,000 | 1,200 | ||||||
| Intangible assets, net (including goodwill) | 30,250 | 30,348 | 30,642 | 31,355 | 32,040 | 32,944 | |||
| Goodwill | 28,033 | 28,033 | 28,033 | 28,033 | 27,943 | 27,943 | |||
| Intangible assets, net (excluding goodwill) | 2,217 | 2,315 | 2,609 | 3,322 | 4,097 | 5,001 | |||
| Deferred income tax assets | 2,259 | 3,132 | 3,689 | 457 | 249 | ||||
| Other undisclosed noncurrent assets | 120 | 215 | 24 | 10,302 | |||||
| Total noncurrent assets: | 51,050 | 49,581 | 50,785 | 46,301 | 56,410 | 65,785 | |||
| TOTAL ASSETS: | 598,229 | 563,652 | 489,487 | 553,585 | 602,630 | 487,540 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 121,206 | 117,725 | 106,242 | 95,137 | 104,045 | 71,349 | |||
| Accounts payable | 39,485 | 34,532 | 56,375 | 41,822 | 53,295 | 35,442 | |||
| Accrued liabilities | 81,721 | 83,193 | 49,867 | 53,315 | 50,750 | 35,907 | |||
| Deferred revenue | 181,054 | 156,169 | 96,261 | 127,890 | 172,042 | ||||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 72,685 | ||
| Total current liabilities: | 302,260 | 273,894 | 202,503 | 223,027 | 276,087 | 144,034 | |||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 2,592 | 2,710 | 3,215 | 4,963 | 4,135 | 2,476 | |||
| Other liabilities | 4,963 | 4,135 | 2,476 | ||||||
| Operating lease, liability | 2,592 | 2,710 | 3,215 | ||||||
| Other undisclosed noncurrent liabilities | 2,438 | 2,215 | 2,872 | ||||||
| Total noncurrent liabilities: | 5,030 | 4,925 | 6,087 | 4,963 | 4,135 | 2,476 | |||
| Total liabilities: | 307,290 | 278,819 | 208,590 | 227,990 | 280,222 | 146,510 | |||
| Equity | |||||||||
| Equity, attributable to parent | 290,939 | 284,833 | 280,897 | 326,392 | 320,667 | 339,249 | |||
| Common stock | 2,374 | 2,374 | 2,374 | 2,368 | 2,356 | 2,346 | |||
| Treasury stock, value | (97,528) | (93,531) | (88,641) | (20,405) | |||||
| Additional paid in capital | 164,183 | 163,154 | 162,208 | 158,190 | 153,282 | 148,713 | |||
| Accumulated other comprehensive loss | (3,597) | (4,650) | (2,876) | (2,451) | (1,081) | (1,116) | |||
| Retained earnings | 225,507 | 217,486 | 207,832 | 188,690 | 166,110 | 189,306 | |||
| Equity, attributable to noncontrolling interest | (797) | 1,741 | 1,781 | ||||||
| Total equity: | 290,939 | 284,833 | 280,897 | 325,595 | 322,408 | 341,030 | |||
| TOTAL LIABILITIES AND EQUITY: | 598,229 | 563,652 | 489,487 | 553,585 | 602,630 | 487,540 | |||
Income Statement (P&L) ($ in thousands)
| 7/31/2024 TTM | 1/31/2024 | 10/31/2023 TTM | 1/31/2023 | 1/31/2022 | 1/31/2021 | 1/31/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 573,333 | 480,019 | 455,040 | 509,370 | 392,206 | 238,997 | ||
| Cost of revenue | (492,499) | (413,958) | (368,679) | (409,638) | (330,139) | (245,817) | ||
| Gross profit: | 80,834 | 66,061 | 86,361 | 99,732 | 62,067 | (6,820) | ||
| Operating expenses | (44,376) | (45,346) | (44,692) | (55,222) | (39,041) | (49,020) | ||
| Other undisclosed operating income | ||||||||
| Operating income (loss): | 36,458 | 20,715 | 41,669 | 44,510 | 23,026 | (55,840) | ||
| Nonoperating income | 12,475 | 9,984 | 4,331 | 2,552 | 1,859 | 8,075 | ||
| Investment income, nonoperating | ||||||||
| Other nonoperating income | 12,475 | 9,984 | 4,331 | 2,552 | 1,859 | 8,075 | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 48,933 | 30,699 | 46,000 | 47,062 | 24,885 | (47,765) | ||
| Other undisclosed loss from continuing operations before income taxes | ||||||||
| Income (loss) from continuing operations before income taxes: | 48,933 | 30,699 | 46,000 | 47,062 | 24,885 | (47,765) | ||
| Income tax expense (benefit) | (16,575) | (11,684) | (11,296) | (11,356) | (1,074) | 7,053 | ||
| Income (loss) from continuing operations: | 32,358 | 19,015 | 34,704 | 35,706 | 23,811 | (40,712) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 35,706 | 23,811 | (40,712) | |
| Net income (loss): | 32,358 | 19,015 | 34,704 | 35,706 | 23,811 | (40,712) | ||
| Net income (loss) attributable to noncontrolling interest | (1,606) | 2,538 | 40 | (1,977) | ||||
| Other undisclosed net loss attributable to parent | (1,606) | |||||||
| Net income (loss) available to common stockholders, diluted: | 32,358 | 17,409 | 33,098 | 38,244 | 23,851 | (42,689) | ||
Comprehensive Income ($ in thousands)
| 7/31/2024 TTM | 1/31/2024 | 10/31/2023 TTM | 1/31/2023 | 1/31/2022 | 1/31/2021 | 1/31/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 32,358 | 19,015 | 34,704 | 35,706 | 23,811 | (40,712) | ||
| Other undisclosed comprehensive income (loss) | 728 | 1,168 | 75 | (2,747) | ||||
| Comprehensive income (loss): | 32,358 | 19,743 | 34,704 | 36,874 | 23,886 | (43,459) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (1,606) | 2,538 | 40 | (1,977) | ||||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (721) | (3,805) | (425) | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | 31,637 | 15,938 | 32,673 | 39,412 | 23,926 | (45,436) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.