Arq Inc. (ARQ) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
8051 E. MAPLEWOOD AVE., STE 210 GREENWOOD VILLAGE, CO 80111 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 289 - Miscellaneous Chemical Products (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 45,361 | 66,432 | 552 | 552 | 552 | ||||
| Cash and cash equivalents | 45,361 | 66,432 | |||||||
| Short-term investments | 552 | 552 | 552 | ||||||
| Restricted cash and investments | 5,000 | 5,000 | |||||||
| Receivables | 16,192 | 13,864 | 15,103 | 16,578 | 11,676 | 9,554 | |||
| Inventory, net of allowances, customer advances and progress billings | 19,693 | 17,828 | 7,850 | 9,882 | 15,460 | 21,791 | |||
| Inventory | 19,693 | 17,828 | 7,850 | 9,882 | 15,460 | 21,791 | |||
| Prepaid expense | |||||||||
| Other current assets | 6,661 | 4,597 | 7,832 | 5,570 | |||||
| Other undisclosed current assets | 5,215 | 7,538 | 73,201 | 25,380 | 11,528 | 22,861 | |||
| Total current assets: | 86,461 | 105,662 | 108,367 | 61,989 | 47,048 | 59,776 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 1,694 | 2,565 | 1,743 | 2,400 | 5,900 | ✕ | |||
| Property, plant and equipment | 42,697 | ||||||||
| Long-term investments and receivables | 2,391 | 7,692 | 39,155 | 6,634 | |||||
| Long-term investments | 2,391 | 7,692 | 39,155 | 6,634 | |||||
| Intangible assets, net (including goodwill) | 1,237 | 1,964 | 4,169 | 4,830 | |||||
| Intangible assets, net (excluding goodwill) | 1,237 | 1,964 | 4,169 | 4,830 | |||||
| Regulated entity, other noncurrent assets | 1,250 | ||||||||
| Restricted cash and investments | 8,792 | 10,000 | 10,027 | 5,000 | 5,000 | 5,195 | |||
| Deferred income tax assets | 10,604 | 14,095 | ✕ | ||||||
| Other noncurrent assets | 45,600 | 30,647 | 33,243 | 29,989 | 20,331 | 7,993 | |||
| Other undisclosed noncurrent assets | 91,705 | 32,290 | 28,428 | 27,033 | 38,101 | 32,539 | |||
| Total noncurrent assets: | 149,041 | 75,502 | 77,069 | 84,682 | 126,751 | 99,888 | |||
| TOTAL ASSETS: | 235,502 | 181,164 | 185,436 | 146,671 | 173,799 | 159,664 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 14,603 | 16,108 | 16,486 | 11,106 | 11,070 | 14,514 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | 6,477 | 3,257 | 3,024 | 8,279 | ||
| Accounts payable | 10,009 | 7,849 | 8,046 | 6,235 | |||||
| Accrued liabilities | 948 | 1,039 | |||||||
| Other undisclosed accounts payable and accrued liabilities | 13,655 | 15,069 | |||||||
| Debt | 1,131 | 23,932 | 24,067 | ||||||
| Other liabilities | 5,792 | 6,645 | 5,124 | 12,996 | 4,311 | 2,138 | |||
| Other undisclosed current liabilities | 2,653 | 1,011 | 18,441 | ||||||
| Total current liabilities: | 23,048 | 23,884 | 22,621 | 42,543 | 39,313 | 40,719 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 20,434 | 50,058 | |||||||
| Long-term debt, excluding current maturities | 20,434 | 50,058 | |||||||
| Liabilities, other than long-term debt | 15,780 | 21,836 | 20,546 | 13,473 | 5,760 | 940 | |||
| Asset retirement obligations | 7,985 | 8,184 | |||||||
| Other liabilities | 15,780 | 13,851 | 12,362 | 13,473 | 5,760 | 940 | |||
| Other undisclosed noncurrent liabilities | 18,274 | (4,535) | (5,032) | 5,445 | |||||
| Total noncurrent liabilities: | 34,054 | 17,301 | 15,514 | 18,918 | 26,194 | 50,998 | |||
| Total liabilities: | 57,102 | 41,185 | 38,135 | 61,461 | 65,507 | 91,717 | |||
| Equity | |||||||||
| Equity, attributable to parent | 178,400 | 139,979 | 147,301 | 85,210 | 108,292 | 67,947 | |||
| Common stock | 38 | 24 | 23 | 23 | 23 | 23 | |||
| Treasury stock, value | (47,692) | (47,692) | (47,692) | (47,692) | (47,533) | (41,740) | |||
| Additional paid in capital | 154,511 | 103,698 | 102,106 | 100,425 | 98,466 | 96,750 | |||
| Retained earnings | 71,543 | 83,949 | 92,864 | 32,454 | 57,336 | 12,914 | |||
| Total equity: | 178,400 | 139,979 | 147,301 | 85,210 | 108,292 | 67,947 | |||
| TOTAL LIABILITIES AND EQUITY: | 235,502 | 181,164 | 185,436 | 146,671 | 173,799 | 159,664 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 99,183 | 102,987 | 100,294 | 61,577 | 70,086 | 23,945 | ||
| Cost of revenue (Cost of Goods and Services Sold) | ||||||||
| Gross profit: | 99,183 | 102,987 | 100,294 | 61,577 | 70,086 | 23,945 | ||
| Operating expenses | (112,518) | (115,055) | (95,442) | (102,558) | (84,979) | (30,345) | ||
| Operating income (loss): | (13,335) | (12,068) | 4,852 | (40,981) | (14,893) | (6,400) | ||
| Nonoperating income (expense) | 1,239 | 3,360 | 71,221 | 27,190 | 62,429 | 52,277 | ||
| Other nonoperating income (expense) | 2,630 | 155 | 640 | 132 | 427 | (19) | ||
| Interest and debt expense | (3,014) | (336) | 3,345 | (3,920) | (7,174) | (2,151) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 3,920 | 7,174 | 2,151 | |||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (15,110) | (9,044) | 79,418 | (13,791) | 47,536 | 45,877 | ||
| Income from equity method investments | 1,623 | |||||||
| Other undisclosed income (loss) from continuing operations before income taxes | 1,391 | 336 | (3,345) | |||||
| Income (loss) from continuing operations before income taxes: | (12,096) | (8,708) | 76,073 | (13,791) | 47,536 | 45,877 | ||
| Income tax expense | (153) | (209) | (15,672) | (6,511) | (11,999) | (10,423) | ||
| Income (loss) from continuing operations: | (12,249) | (8,917) | 60,401 | (20,302) | 35,537 | 35,454 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 60,401 | (20,302) | 35,537 | 35,454 | |
| Net income (loss) attributable to parent: | (12,249) | (8,917) | 60,401 | (20,302) | 35,537 | 35,454 | ||
| Undistributed earnings (loss) allocated to participating securities, basic | 5 | (44) | (112) | |||||
| Other undisclosed net income available to common stockholders, basic | ||||||||
| Net income (loss) available to common stockholders, diluted: | (12,249) | (8,917) | 60,401 | (20,297) | 35,493 | 35,342 | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (12,249) | (8,917) | 60,401 | (20,302) | 35,537 | 35,454 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (12,249) | (8,917) | 60,401 | (20,302) | 35,537 | 35,454 | ||
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.