Granite Falls Energy, LLC (GFGY) financial statements (2022 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
SIC 286 - Industrial Organic Chemicals (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

1/31/2022
Q1
10/31/2021
Q4
7/31/2021
Q3
4/30/2021
Q2
1/31/2021
Q1
10/31/2020
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments37,814 4,4916,1344,78211,423
Cash and cash equivalents37,814 4,4916,1344,78211,423
Receivables7,964 6,5846,0153,0453,386
Inventory, net of allowances, customer advances and progress billings21,749 22,66716,65420,09513,792
Inventory21,749 22,66716,65420,09513,792
Derivative instruments and hedges, assets   3256356
Other undisclosed current assets4,848 3,1075,1973,9393,058
Total current assets:72,374 36,85034,32631,92531,715
Noncurrent Assets
Operating lease, right-of-use asset14,858 16,77517,55118,47319,384
Property, plant and equipment48,840 51,00752,84953,86754,966
Long-term investments and receivables12,134 11,04410,7099,9149,799
Long-term investments12,134 11,04410,7099,9149,799
Other noncurrent assets332 333333333333
Total noncurrent assets:76,164 79,15981,44382,58784,482
TOTAL ASSETS:148,539 116,009115,769114,512116,198
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9,763 12,6568,0859,16513,160
Accounts payable8,667 11,6296,7978,08812,294
Accrued liabilities1,097 1,0281,2891,077866
Debt6,171 2,7413,13516,77213,648
Derivative instruments and hedges, liabilities1,478 5921,3581,247816
Other undisclosed current liabilities3,696 3,6183,6013,6153,628
Total current liabilities:21,109 19,60816,18130,79931,252
Noncurrent Liabilities
Long-term debt and lease obligation37,091 20,01232,08325,67921,632
Long-term debt, excluding current maturities25,929 6,85618,13310,8215,876
Operating lease, liability11,162 13,15613,95014,85815,755
Other undisclosed noncurrent liabilities     (14,333)
Total noncurrent liabilities:48,253 33,16946,03340,5377,298
Total liabilities:69,362 52,77762,21471,33654,306
Stockholders' equity
Other undisclosed stockholders' equity     61,892
Total stockholders' equity:     61,892
Other undisclosed liabilities and equity79,177 63,23253,55543,176 
TOTAL LIABILITIES AND EQUITY:148,539 116,009115,769114,512116,198

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

1/31/2022
Q1
10/31/2021
Q4
7/31/2021
Q3
4/30/2021
Q2
1/31/2021
Q1
10/31/2020
Q4
Revenues109,779(212,698)89,25974,04049,39844,359
Cost of revenue
(Cost of Goods and Services Sold)
(82,622) (79,352)(65,067)(52,788)(41,653)
Gross profit:27,157 9,9068,973(3,390)2,706
Operating expenses   (2,003)(1,994)3,795
Other undisclosed operating loss(2,371) (1,941)  (8,581)
Operating income (loss):24,785 7,9666,970(5,384)(2,079)
Nonoperating income247 9062,48993551
Investment income, nonoperating618 3361,080116529
Other nonoperating income (expense)(5) 7681,612143221
Interest and debt expense(367) (197)(202)(166)(199)
Income (loss) before gain (loss) on sale of properties:24,666 8,6759,257(5,458)(1,727)
Other undisclosed net income367 197202166199
Net income (loss):25,032 8,8729,460(5,291)(1,528)
Net income (loss) attributable to noncontrolling interest  (2,289)(1,324)2,041916
Net income (loss) available to common stockholders, diluted:25,032 6,5838,136(3,251)(612)

Comprehensive Income ($ in thousands)

1/31/2022
Q1
10/31/2021
Q4
7/31/2021
Q3
4/30/2021
Q2
1/31/2021
Q1
10/31/2020
Q4
Net income (loss):25,032 8,8729,460(5,291)(1,528)
Comprehensive income (loss):25,032 8,8729,460(5,291)(1,528)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest  (2,289)(1,324)2,041916
Comprehensive income (loss), net of tax, attributable to parent:25,032 6,5838,136(3,251)(612)

Statements sources

The financial statements are based on the company's filings with the 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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