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
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments238213553154339363
Cash and cash equivalents238213553154339363
Receivables3,1173,4553,9953,9494,7844,027
Inventory, net of allowances, customer advances and progress billings28,31526,06622,75222,57022,20120,858
Inventory28,31526,06622,75222,57022,20120,858
Deferred costs (164)   (285) 
Other undisclosed current assets686315453595739296
Total current assets:32,19330,04927,75427,26827,77825,545
Noncurrent Assets
Operating lease, right-of-use asset11,4279,3709,5819,3858,8969,090
Property, plant and equipment53,37053,62853,06053,01553,54751,898
Regulated entity, other noncurrent assets 109113116 123
Other noncurrent assets1414141414 
Other undisclosed noncurrent assets8,7048,5578,4798,3118,4498,301
Total noncurrent assets:73,51571,67771,24670,84170,90669,412
TOTAL ASSETS:105,708101,72699,00098,10998,68494,957
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,5093,7823,6442,8214,4963,681
Accounts payable2,0261,9812,1621,4943,0682,464
Accrued liabilities1,4821,8011,4821,3271,4281,217
Debt9161,426510820497485
Other undisclosed current liabilities9,3727,1114,7654,5624,9354,840
Total current liabilities:13,79712,3198,9188,2029,9289,006
Noncurrent Liabilities
Long-term debt and lease obligation6,9627,0927,2207,3336,44613,279
Long-term debt, excluding current maturities6,9627,0927,2207,3336,4464,576
Liabilities, other than long-term debt14,31412,36712,58612,40711,947 
Deferred income tax liabilities2,9123,4403,4403,4403,440 
Operating lease, liability11,4038,9269,1468,9668,5078,703
Other undisclosed noncurrent liabilities      (5,107)
Total noncurrent liabilities:21,27619,45919,80619,74018,39416,876
Total liabilities:35,07331,77728,72427,94228,32225,882
Equity
Equity, attributable to parent70,63569,94970,27670,16770,36269,075
Preferred stock42,38840,95440,44339,93138,86937,260
Common stock8,5128,5128,5128,5128,5128,512
Retained earnings19,73520,48221,32121,72422,98023,302
Total equity:70,63569,94970,27670,16770,36269,075
TOTAL LIABILITIES AND EQUITY:105,708101,72699,00098,10998,68494,957

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

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Revenues10,7539,34810,7268,30911,3887,603
Cost of revenue(4,609)(3,663)(4,476)(3,830)(5,015)(3,709)
Gross profit:6,1445,6856,2514,4786,3733,894
Operating expenses(6,402)(5,967)(5,942)(5,453)(6,001)(5,120)
Operating income (loss):(258)(283)309(975)371(1,226)
Nonoperating income324574515
Investment income, nonoperating 000 11
Other nonoperating income324574504
Interest and debt expense (134)(171)(165)(124)(99)(87)
Income (loss) from continuing operations before equity method investments, income taxes:(360)(450)149(1,026)324(1,308)
Other undisclosed loss from continuing operations before income taxes      
Income (loss) from continuing operations before income taxes:(360)(450)149(1,026)324(1,308)
Income tax expense (benefit)124123(41)281(179)358
Income (loss) from continuing operations:(235)(327)108(745)145(950)
Loss before gain (loss) on sale of properties:(950)
Net income (loss) attributable to parent:(235)(327)108(745)145(950)
Preferred stock dividends and other adjustments (2,047) 512 (467)(467)
Other undisclosed net income (loss) available to common stockholders, basic1,535(512)(1,023)(512)  
Net loss available to common stockholders, diluted:(747)(839)(403)(1,257)(322)(1,416)

Comprehensive Income ($ in thousands)

3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
Net income (loss):(235)(327)108(745)145(950)
Comprehensive income (loss), net of tax, attributable to parent:(235)(327)108(745)145(950)

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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