Granite Falls Energy, LLC (GFGY) Financial Statements (2024 and earlier)

Company Profile

Business Address 15045 HIGHWAY 23 S.E.
GRANITE FALLS, MN 56241-0216
State of Incorp. MN
Fiscal Year End October 31
Industry (SIC) 286 - Industrial Organic Chemicals (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

7/31/2022
Q3
4/30/2022
Q2
1/31/2022
Q1
10/31/2021
Q4
7/31/2021
Q3
4/30/2021
Q2
1/31/2021
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments44,15537,814 4,4916,1344,782
Cash and cash equivalents44,15537,814 4,4916,1344,782
Receivables9,5227,964 6,5846,0153,045
Inventory, net of allowances, customer advances and progress billings22,88121,749 22,66716,65420,095
Inventory22,88121,749 22,66716,65420,095
Derivative instruments and hedges, assets27   32563
Other undisclosed current assets5,6564,848 3,1075,1973,939
Total current assets:82,24272,374 36,85034,32631,925
Noncurrent Assets
Operating lease, right-of-use asset14,03414,858 16,77517,55118,473
Property, plant and equipment48,78148,840 51,00752,84953,867
Long-term investments and receivables12,23212,134 11,04410,7099,914
Long-term investments12,23212,134 11,04410,7099,914
Other noncurrent assets332332 333333333
Total noncurrent assets:75,38076,164 79,15981,44382,587
TOTAL ASSETS:157,622148,539 116,009115,769114,512
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities11,4659,763 12,6568,0859,165
Accounts payable10,1298,667 11,6296,7978,088
Accrued liabilities1,3361,097 1,0281,2891,077
Debt6,1716,171 2,7413,13516,772
Derivative instruments and hedges, liabilities3,1411,478 5921,3581,247
Other undisclosed current liabilities3,6703,696 3,6183,6013,615
Total current liabilities:24,44721,109 19,60816,18130,799
Noncurrent Liabilities
Long-term debt and lease obligation34,90037,091 20,01232,08325,679
Long-term debt, excluding current maturities24,53625,929 6,85618,13310,821
Operating lease, liability10,36411,162 13,15613,95014,858
Total noncurrent liabilities:45,26448,253 33,16946,03340,537
Total liabilities:69,71269,362 52,77762,21471,336
Equity
Other undisclosed liabilities and equity87,91079,177 63,23253,55543,176
TOTAL LIABILITIES AND EQUITY:157,622148,539 116,009115,769114,512

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

7/31/2022
Q3
4/30/2022
Q2
1/31/2022
Q1
10/31/2021
Q4
7/31/2021
Q3
4/30/2021
Q2
1/31/2021
Q1
Revenues99,505109,779(212,698)89,25974,04049,398
Cost of revenue
(Cost of Goods and Services Sold)
(90,080)(82,622) (79,352)(65,067)(52,788)
Gross profit:9,42527,157 9,9068,973(3,390)
Operating expenses     (2,003)(1,994)
Other undisclosed operating loss(1,897)(2,371) (1,941)  
Operating income (loss):7,52724,785 7,9666,970(5,384)
Nonoperating income396247 9062,48993
Investment income, nonoperating363618 3361,080116
Other nonoperating income (expense)352(5) 7681,612143
Interest and debt expense(319)(367) (197)(202)(166)
Income (loss) from continuing operations:7,60524,666 8,6759,257(5,458)
Income (loss) before gain (loss) on sale of properties:7,60524,6668,6759,257(5,458)
Other undisclosed net income319367 197202166
Net income (loss):7,92425,032 8,8729,460(5,291)
Net income (loss) attributable to noncontrolling interest    (2,289)(1,324)2,041
Net income (loss) available to common stockholders, diluted:7,92425,032 6,5838,136(3,251)

Comprehensive Income ($ in thousands)

7/31/2022
Q3
4/30/2022
Q2
1/31/2022
Q1
10/31/2021
Q4
7/31/2021
Q3
4/30/2021
Q2
1/31/2021
Q1
Net income (loss):7,92425,032 8,8729,460(5,291)
Comprehensive income (loss):7,92425,032 8,8729,460(5,291)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest    (2,289)(1,324)2,041
Comprehensive income (loss), net of tax, attributable to parent:7,92425,032 6,5838,136(3,251)

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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