ARTS WAY MANUFACTURING CO INC (ARTW) Financial Statements (2024 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)

2/29/2024
Q1
11/30/2023
Q4
8/31/2023
Q3
5/31/2023
Q2
2/28/2023
Q1
11/30/2022
Q4
8/31/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments442454
Cash and cash equivalents442454
Receivables3,4324,4563,9363,6662,7223,820
Inventory, net of allowances, customer advances and progress billings11,03110,82711,38211,60510,61210,500
Inventory11,03110,82711,38211,60510,61210,500
Contract with customer, asset, after allowance for credit loss28928632298451194
Disposal group, including discontinued operation32390    
Other current assets297348220436344430
Total current assets:15,08516,31115,86415,80914,13314,949
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 428    
Operating lease, right-of-use asset 25    
Property, plant and equipment 5,061 6,2936,3306,1795,945
Disposal group, including discontinued operation, noncurrent assets1,0241,187    
Deferred income tax assets2,5032,4612,4382,5142,6052,623
Other noncurrent assets584504666589630672
Other undisclosed noncurrent assets1454,651209362400533
Total noncurrent assets:9,3179,2549,6079,7959,8159,772
TOTAL ASSETS:24,40225,56525,47025,60523,94824,721
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,6564,0203,4923,8033,9144,584
Taxes payable6
Employee-related liabilities772
Accounts payable2,2572,8782,2572,5022,6312,535
Accrued liabilities1,3991,1421,2351,3011,2831,271
Deferred revenue4164205622,7978291,301
Debt367320343273269283
Disposal group, including discontinued operation187261    
Other undisclosed current liabilities4,7705,1835,4923,7364,2564,089
Total current liabilities:9,39510,2059,88810,6099,26710,258
Noncurrent Liabilities
Long-term debt and lease obligation3,3523,3503,6903,4333,5063,581
Long-term debt, excluding current maturities2,6302,6592,8462,8742,9042,909
Finance lease, liability722692844558602645
Liabilities, other than long-term debt14121192124 
Disposal group, including discontinued operation, liabilities  105    
Operating lease, liability141619212427
Other undisclosed noncurrent liabilities      (27)
Total noncurrent liabilities:3,3663,4723,7093,4543,5303,581
Total liabilities:12,76113,67613,59714,06312,79813,839
Equity
Equity, attributable to parent11,64111,88911,87311,54111,15110,882
Common stock515151515049
Treasury stock, value(269)(265)(265)(221)(201)(201)
Additional paid in capital4,8384,7744,6844,6154,5474,370
Retained earnings7,0217,3297,4037,0966,7546,663
Total equity:11,64111,88911,87311,54111,15110,882
TOTAL LIABILITIES AND EQUITY:24,40225,56525,47025,60523,94824,721

Income Statement (P&L) ($ in thousands)

2/29/2024
Q1
11/30/2023
Q4
8/31/2023
Q3
5/31/2023
Q2
2/28/2023
Q1
11/30/2022
Q4
8/31/2022
Q3
Revenues6,8528,1179,0087,8957,3718,140
Cost of revenue
(Cost of Goods and Services Sold)
(4,939)(5,817)(6,662)(5,546)(5,490)(6,100)
Other undisclosed gross profit   (15)   
Gross profit:1,9132,3012,3312,3491,8812,040
Operating expenses(1,826)(1,832)(1,912)(1,801)(1,863)(1,610)
Operating income (loss):8746841954918431
Nonoperating income (expense)(164)(163)(30)(115)91(130)
Other nonoperating income (expense)6(3)133122383
Interest and debt expense(170)(161)(163)(128)(147)(133)
Income (loss) from continuing operations before equity method investments, income taxes:(247)144225306(38)169
Other undisclosed income from continuing operations before income taxes170161163128147133
Income (loss) from continuing operations before income taxes:(77)305388433109301
Income tax expense (benefit)(81)(64)(82)(91)(17)(64)
Income (loss) from continuing operations:(158)24130734291238
Income before gain (loss) on sale of properties:238
Loss from discontinued operations(150)(315)    
Net income (loss):(308)(74)30734291238
Other undisclosed net loss attributable to parent   (0)   
Net income (loss) available to common stockholders, diluted:(308)(74)30734291238

Comprehensive Income ($ in thousands)

2/29/2024
Q1
11/30/2023
Q4
8/31/2023
Q3
5/31/2023
Q2
2/28/2023
Q1
11/30/2022
Q4
8/31/2022
Q3
Net income (loss):(308)(74)30734291238
Comprehensive income (loss), net of tax, attributable to parent:(308)(74)30734291238

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.

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