Rand Logistics Inc (RLOG) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
333 WASHINGTON STREET JERSEY CITY, NJ 07302 |
| State of Incorp. | DE |
| Fiscal Year End | March 31 |
| Industry (SIC) | 44 - Water Transportation (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2017 | 3/31/2016 | 3/31/2015 | 3/31/2014 | 3/31/2013 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments | 77 | 3,298 | 2,602 | 848 | |||
| Cash and cash equivalents | 77 | 3,298 | 2,602 | 848 | |||
| Receivables | 2,744 | 2,855 | 2,629 | 5,486 | |||
| Prepaid expense | 1,012 | 160 | 565 | ✕ | |||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | 7,842 | ||
| Income taxes receivable | ✕ | ✕ | ✕ | 96 | |||
| Deferred tax assets | 347 | 86 | 89 | ||||
| Other undisclosed current assets | 5,308 | 5,797 | 7,064 | 536 | |||
| Total current assets: | 9,141 | 12,457 | 13,042 | 14,801 | |||
| Noncurrent Assets | |||||||
| Property, plant and equipment | 228,504 | 206,276 | 215,487 | 219,084 | |||
| Intangible assets, net (including goodwill) | 21,000 | 23,398 | 26,426 | 22,805 | |||
| Goodwill | 10,193 | 10,193 | 10,193 | 10,193 | |||
| Intangible assets, net (excluding goodwill) | 10,807 | 13,205 | 16,233 | 12,612 | |||
| Other noncurrent assets | 102 | 569 | 730 | ✕ | |||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | ✕ | ✕ | 1,050 | ||
| Deferred tax assets, net | 2,203 | ||||||
| Other undisclosed noncurrent assets | 6,660 | 7,590 | 9,321 | 10,895 | |||
| Total noncurrent assets: | 256,266 | 237,833 | 251,964 | 256,037 | |||
| TOTAL ASSETS: | 265,407 | 250,290 | 265,006 | 270,838 | |||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities | 26,000 | 26,911 | 20,805 | 44,939 | |||
| Interest and dividends payable | 2,358 | ||||||
| Taxes payable | 34 | 100 | |||||
| Employee-related liabilities | 1,575 | 957 | 1,926 | ||||
| Accounts payable | 17,822 | 15,350 | 11,792 | 21,697 | |||
| Accrued liabilities | 8,144 | 7,628 | 7,956 | 21,316 | |||
| Debt | 787 | 3,630 | |||||
| Deferred tax liabilities | 35 | 173 | |||||
| Customer advances and deposits | 776 | 166 | ✕ | ✕ | |||
| Other undisclosed current liabilities | 564 | (3,397) | (458) | 4,502 | |||
| Total current liabilities: | 27,340 | 23,680 | 21,169 | 53,244 | |||
| Noncurrent Liabilities | |||||||
| Long-term debt and lease obligation | 114,520 | 101,213 | 104,103 | 139,760 | |||
| Long-term debt, excluding current maturities | 114,520 | 101,213 | 104,103 | 139,760 | |||
| Liabilities, other than long-term debt | 5,825 | 6,086 | 5,387 | 3,785 | |||
| Deferred tax liabilities, net | 5,825 | 5,607 | 5,134 | 3,532 | |||
| Other liabilities | 479 | 253 | 253 | ||||
| Other undisclosed noncurrent liabilities | 78,126 | 73,064 | 73,600 | 1,631 | |||
| Total noncurrent liabilities: | 198,471 | 180,363 | 183,090 | 145,176 | |||
| Total liabilities: | 225,811 | 204,043 | 204,259 | 198,420 | |||
| Equity | |||||||
| Equity, attributable to parent | 39,596 | 46,247 | 60,747 | 72,418 | |||
| Preferred stock | 14,674 | 14,900 | 14,900 | 14,900 | |||
| Common stock | 1 | 1 | 1 | 1 | |||
| Additional paid in capital | 90,993 | 90,130 | 89,486 | 89,077 | |||
| Accumulated other comprehensive income (loss) | (9,535) | (7,812) | (3,363) | 781 | |||
| Accumulated deficit | (56,537) | (50,972) | (40,277) | (32,341) | |||
| Total equity: | 39,596 | 46,247 | 60,747 | 72,418 | |||
| TOTAL LIABILITIES AND EQUITY: | 265,407 | 250,290 | 265,006 | 270,838 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2017 | 3/31/2016 | 3/31/2015 | 3/31/2014 | 3/31/2013 | ||
|---|---|---|---|---|---|---|
| Revenues (Revenue, Net) | 148,444 | 152,960 | 155,804 | 156,638 | ||
| Gross profit: | 148,444 | 152,960 | 155,804 | 156,638 | ||
| Operating expenses | (139,997) | (145,636) | (144,855) | (148,536) | ||
| Operating income (loss): | 8,447 | 7,324 | 10,949 | 8,102 | ||
| Nonoperating expense | (12,447) | (16,320) | (10,633) | (12,414) | ||
| Loss on contract termination | (2,660) | |||||
| Interest and debt expense | (12,461) | (16,338) | (10,640) | (13,510) | ||
| Loss from continuing operations before equity method investments, income taxes: | (16,461) | (25,334) | (10,324) | (17,822) | ||
| Other undisclosed income from continuing operations before income taxes | 12,461 | 16,338 | 10,640 | 13,510 | ||
| Income (loss) from continuing operations before income taxes: | (4,000) | (8,996) | 316 | (4,312) | ||
| Income tax expense (benefit) | (232) | (424) | (4,823) | 493 | ||
| Loss from continuing operations: | (4,232) | (9,420) | (4,507) | (3,819) | ||
| Loss before gain (loss) on sale of properties: | (4,232) | (9,420) | (4,507) | (3,819) | ||
| Net loss attributable to parent: | (4,232) | (9,420) | (4,507) | (3,819) | ||
| Preferred stock dividends and other adjustments | (1,333) | (1,168) | (3,429) | (3,173) | ||
| Net loss available to common stockholders, diluted: | (5,565) | (10,588) | (7,936) | (6,992) | ||
Comprehensive Income ($ in thousands)
| 3/31/2017 | 3/31/2016 | 3/31/2015 | 3/31/2014 | 3/31/2013 | ||
|---|---|---|---|---|---|---|
| Net loss: | (4,232) | (9,420) | (4,507) | (3,819) | ||
| Other undisclosed comprehensive loss | (1,723) | (4,449) | (4,144) | (1,159) | ||
| Comprehensive loss, net of tax, attributable to parent: | (5,955) | (13,869) | (8,651) | (4,978) | ||
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.