ARTS WAY MANUFACTURING CO INC (ARTW) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
P O BOX 288 ARMSTRONG, IA 50514 |
| State of Incorp. | DE |
| Fiscal Year End | November 30 |
| Industry (SIC) | 3523 - Farm Machinery and Equipment (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 2/28/2025 MRQ | 11/30/2024 | 11/30/2023 | 11/30/2022 | 11/30/2021 | 11/30/2020 | 11/30/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 2 | 4 | 5 | 3 | 3 | 3 | |||
| Cash and cash equivalent | 2 | 4 | 5 | 3 | 3 | 3 | |||
| Net investment in lease, before allowance for credit loss | 28 | ||||||||
| Receivables | 2,373 | 3,432 | 2,722 | 2,663 | 2,391 | 1,680 | |||
| Inventory, net of allowances, customer advances and progress billings | 10,328 | 11,031 | 10,612 | 9,210 | 7,762 | 8,779 | |||
| Inventory | 10,328 | 11,031 | 10,612 | 9,210 | 7,762 | 8,779 | |||
| Contract with customer, asset, after allowance for credit loss | 213 | 289 | 451 | 177 | 56 | 727 | |||
| Disposal group, including discontinued operation | 32 | ||||||||
| Other current assets | 208 | 297 | 344 | 121 | 61 | 71 | |||
| Other undisclosed current assets | 148 | ||||||||
| Total current assets: | 13,124 | 15,085 | 14,133 | 12,174 | 10,301 | 11,407 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | |||||||||
| Operating lease, right-of-use asset | 28 | ||||||||
| Property, plant and equipment | 5,061 | 6,179 | 5,237 | 5,219 | 5,363 | ||||
| Disposal group, including discontinued operation, noncurrent assets | 1,024 | ||||||||
| Deferred income tax assets | 2,440 | 2,503 | 2,605 | 2,622 | 2,668 | ||||
| Other noncurrent assets | 436 | 584 | 630 | 299 | 94 | 71 | |||
| Other undisclosed noncurrent assets | 5,240 | 145 | 400 | 522 | 494 | 2,506 | |||
| Total noncurrent assets: | 8,116 | 9,317 | 9,815 | 8,680 | 8,502 | 7,940 | |||
| TOTAL ASSETS: | 21,241 | 24,402 | 23,948 | 20,854 | 18,803 | 19,347 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 2,248 | 3,656 | 3,914 | 2,954 | 3,236 | 2,345 | |||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | 6 | 1 | 6 | ||
| Accounts payable | 944 | 2,257 | 2,631 | 1,737 | 1,955 | 1,205 | |||
| Accrued liabilities | 1,304 | 1,399 | 1,283 | 1,211 | 1,279 | 1,133 | |||
| Deferred revenue | 181 | 416 | 829 | 279 | 198 | 105 | |||
| Debt | 341 | 367 | 269 | 99 | 95 | 85 | |||
| Disposal group, including discontinued operation | 187 | ||||||||
| Other undisclosed current liabilities | 3,863 | 4,770 | 4,256 | 4,355 | 2,636 | 2,667 | |||
| Total current liabilities: | 6,632 | 9,395 | 9,267 | 7,687 | 6,165 | 5,203 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 2,510 | 3,352 | 3,506 | 2,813 | 2,731 | 2,351 | |||
| Long-term debt, excluding current maturities | 1,975 | 2,630 | 2,904 | 2,635 | 2,713 | 2,351 | |||
| Finance lease, liability | 534 | 722 | 602 | 142 | |||||
| Liabilities, other than long-term debt | 5 | 14 | 24 | ||||||
| Operating lease, liability | 5 | 14 | 24 | 35 | 18 | ||||
| Other undisclosed noncurrent liabilities | (35) | (18) | |||||||
| Total noncurrent liabilities: | 2,514 | 3,366 | 3,530 | 2,813 | 2,731 | 2,351 | |||
| Total liabilities: | 9,147 | 12,761 | 12,798 | 10,500 | 8,896 | 7,553 | |||
| Equity | |||||||||
| Equity, attributable to parent | 12,094 | 11,641 | 11,151 | 10,354 | 9,907 | 11,794 | |||
| Common stock | 51 | 51 | 50 | 46 | 45 | 43 | |||
| Treasury stock, value | (307) | (269) | (201) | (109) | (78) | (47) | |||
| Additional paid in capital | 5,021 | 4,838 | 4,547 | 3,761 | 3,496 | 3,250 | |||
| Retained earnings | 7,329 | 7,021 | 6,754 | 6,656 | 6,444 | 8,547 | |||
| Total equity: | 12,094 | 11,641 | 11,151 | 10,354 | 9,907 | 11,794 | |||
| TOTAL LIABILITIES AND EQUITY: | 21,241 | 24,402 | 23,948 | 20,854 | 18,803 | 19,347 | |||
Income Statement (P&L) ($ in thousands)
| 2/28/2025 TTM | 11/30/2024 | 11/30/2023 | 11/30/2022 | 11/30/2021 | 11/30/2020 | 11/30/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 24,499 | 30,281 | 28,400 | 24,965 | 22,409 | 22,889 | ||
| Cost of revenue (Cost of Product and Service Sold) | (17,190) | (21,697) | (21,093) | (18,369) | (20,010) | (18,961) | ||
| Gross profit: | 7,310 | 8,584 | 7,307 | 6,596 | 2,400 | 3,928 | ||
| Operating expenses | (6,849) | (7,053) | (6,974) | (6,073) | (6,309) | (5,425) | ||
| Operating income (loss): | 461 | 1,531 | 333 | 523 | (3,910) | (1,497) | ||
| Nonoperating income (expense) | (596) | (442) | (216) | (257) | 950 | (272) | ||
| Other nonoperating income | 3 | 148 | 238 | 57 | 1,254 | 86 | ||
| Interest and debt expense | (599) | (590) | (454) | (313) | (305) | (358) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (735) | 499 | (337) | (47) | (3,265) | (2,127) | ||
| Other undisclosed income from continuing operations before income taxes | 599 | 590 | 454 | 313 | 305 | 358 | ||
| Income (loss) from continuing operations before income taxes: | (135) | 1,089 | 117 | 267 | (2,960) | (1,769) | ||
| Income tax expense (benefit) | 41 | (326) | (19) | (54) | 856 | 349 | ||
| Income (loss) from continuing operations: | (94) | 763 | 98 | 213 | (2,103) | (1,420) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 213 | (2,103) | (1,420) | |
| Income (loss) from discontinued operations | 402 | (496) | ||||||
| Net income (loss) available to common stockholders, diluted: | 307 | 267 | 98 | 213 | (2,103) | (1,420) | ||
Comprehensive Income ($ in thousands)
| 2/28/2025 TTM | 11/30/2024 | 11/30/2023 | 11/30/2022 | 11/30/2021 | 11/30/2020 | 11/30/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 307 | 267 | 98 | 213 | (2,103) | (1,420) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 307 | 267 | 98 | 213 | (2,103) | (1,420) | ||
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.