Willamette Valley Vineyards Inc. (WVVI) Financial Statements (2024 and earlier)

Company Profile

Business Address 8800 ENCHANTED WAY S E
TURNER, OR 97392
State of Incorp. OR
Fiscal Year End December 31
Industry (SIC) 208 - Beverages (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments23833913,74714,0007,0509,737
Cash and cash equivalents23833913,74714,0007,0509,737
Receivables3,1174,7843,3023,1562,4382,430
Inventory, net of allowances, customer advances and progress billings28,31522,20119,07717,68817,07516,247
Inventory28,31522,20119,07717,68817,07516,247
Prepaid expense     3232
Deferred costs (164)(285)(245)(244)(170)(160)
Other undisclosed current assets686739545426341348
Total current assets:32,19327,77836,42635,02626,76628,634
Noncurrent Assets
Operating lease, right-of-use asset11,4278,8966,2504,9434,863
Property, plant and equipment53,37053,54740,59631,48728,64825,784
Regulated entity, other noncurrent assets      
Other noncurrent assets141414141435
Deferred tax assets, net2,200
Other undisclosed noncurrent assets8,7048,4498,0898,0207,6254,829
Total noncurrent assets:73,51570,90654,94944,46441,15032,848
TOTAL ASSETS:105,70898,68491,37579,49067,91561,483
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,5094,4963,2592,7511,8631,756
Accounts payable2,0263,0682,1021,416859845
Accrued liabilities1,4821,4281,1571,3351,004911
Debt916497472450642417
Other undisclosed current liabilities9,3724,9358,2004,1022,8663,222
Total current liabilities:13,7979,92811,9327,3045,3715,395
Noncurrent Liabilities
Long-term debt and lease obligation6,9626,44610,88510,11410,5416,251
Long-term debt, excluding current maturities6,9626,4464,9305,3895,8266,251
Liabilities, other than long-term debt14,31411,9473,5973,251 2,276
Deferred gain on sale of property      25
Deferred rent credit      50
Deferred tax liabilities, net2,200
Deferred income tax liabilities2,9123,4403,5973,251 
Operating lease, liability11,4038,5075,9544,7244,714
Other undisclosed noncurrent liabilities    (7,975)(4,714)(2,276)
Total noncurrent liabilities:21,27618,39414,4815,3895,8266,251
Other undisclosed liabilities    7,9757,6732,276
Total liabilities:35,07328,32226,41320,66818,87013,922
Equity
Equity, attributable to parent70,63570,36264,96258,82249,04547,560
Preferred stock42,38838,86930,95625,81718,31918,319
Common stock8,5128,5128,5128,5128,5128,512
Retained earnings19,73522,98025,49324,49222,21420,729
Total equity:70,63570,36264,96258,82249,04547,560
TOTAL LIABILITIES AND EQUITY:105,70898,68491,37579,49067,91561,483

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues39,13633,93431,78727,31524,74923,080
Cost of revenue(16,579)(15,120)(13,121)(10,585)(9,455)(8,298)
Gross profit:22,55718,81418,66616,73015,29514,781
Operating expenses(23,764)(19,361)(14,976)(11,728)(11,567)(10,599)
Operating income (loss):(1,207)(546)3,6905,0023,7284,183
Nonoperating income115148168187176215
Investment income, nonoperating0512214827
Other nonoperating income115143155166128188
Interest and debt expense(594)(368)(391)(414)(441)(458)
Income (loss) from continuing operations before equity method investments, income taxes:(1,686)(766)3,4664,7753,4633,940
Other undisclosed loss from continuing operations before income taxes      
Income (loss) from continuing operations before income taxes:(1,686)(766)3,4664,7753,4633,940
Income tax expense (benefit)488120(1,021)(1,380)(952)(1,081)
Income (loss) from continuing operations:(1,199)(646)2,4453,3952,5112,859
Income before gain (loss) on sale of properties:2,4453,3952,5112,859
Net income (loss) attributable to parent:(1,199)(646)2,4453,3952,5112,859
Preferred stock dividends and other adjustments(2,047)(1,866)(1,444)(1,116)(1,026)(1,019)
Other undisclosed net loss available to common stockholders, basic      
Net income (loss) available to common stockholders, diluted:(3,246)(2,513)1,0012,2791,4851,840

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):(1,199)(646)2,4453,3952,5112,859
Comprehensive income (loss), net of tax, attributable to parent:(1,199)(646)2,4453,3952,5112,859

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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