Argan, Inc. (AGX) financial statements (2022 and earlier)

Company profile

Business Address ONE CHURCH STREET SUITE 201
ROCKVILLE, MD 20850
State of Incorp. DE
Fiscal Year End January 31
SIC 17 - Construction Special Trade Contractors (benchmarking)
More info Complete financial analysis Financial benchmarking

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

10/31/2021
TTM
1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 456,726327,862296,531434,015522,994275,007
Cash and cash equivalents 366,671167,363164,318122,107167,198160,909
Short-term investments 90,055160,499132,213311,908355,796114,098
Receivables 28,71337,19236,17494,44054,83666,159
Prepaid expense    7,9003,9003,311
Contract with customer, asset 26,63533,379 
Deferred tax assets   1,111
Other current assets 34,14623,32225,286   
Other undisclosed current assets   58,3579,3966,2196,135
Total current assets: 546,220421,755416,348545,751587,949351,723
Noncurrent Assets
Operating lease, right-of-use asset 3,760 
Property, plant and equipment 20,36122,53919,77815,29913,11212,308
Intangible assets, net (including goodwill) 32,04032,94438,97541,47843,09446,749
Goodwill 27,94327,94332,83834,32934,91337,405
Intangible assets, net (excluding goodwill) 4,0975,0016,1377,1498,1819,344
Deferred income tax assets 249 
Other noncurrent assets   29042692122
Deferred tax assets, net1,257439  
Other undisclosed noncurrent assets  10,302    
Total noncurrent assets: 56,41065,78560,30057,64256,29859,179
TOTAL ASSETS: 602,630487,540476,648603,393644,247410,902
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 104,04571,34973,927135,598141,48381,849
Accounts payable 53,29535,44244,427100,238101,94446,395
Accrued liabilities 50,75035,90729,50035,36039,53935,454
Deferred revenue 172,042 
Contract with customer, liability72,685 
Other undisclosed current liabilities   8,349108,388209,241105,863
Total current liabilities: 276,087144,03482,276243,986350,724187,712
Noncurrent Liabilities
Liabilities, other than long-term debt 4,1352,476 1,2799541,335
Deferred tax liabilities, net 1,2799541,335
Other liabilities 4,1352,476    
Total noncurrent liabilities: 4,1352,476 1,2799541,335
Total liabilities: 280,222146,51082,276245,265351,678189,047
Stockholders' equity
Stockholders' equity attributable to parent 320,667339,249394,568358,085291,632218,516
Common stock 2,3562,3462,3372,3362,3192,226
Additional paid in capital 153,282148,713144,961143,215135,426117,274
Accumulated other comprehensive income (loss) (1,081)(1,116)(346)1,422(762)(565)
Retained earnings 166,110189,306247,616211,112154,64999,581
Stockholders' equity attributable to noncontrolling interest 1,7411,781(196)439373,339
Total stockholders' equity: 322,408341,030394,372358,128292,569221,855
TOTAL LIABILITIES AND EQUITY: 602,630487,540476,648603,393644,247410,902

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

10/31/2021
TTM
1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
Revenues 392,206238,997482,153892,815675,047413,275
Revenue, net892,815675,047413,275
Cost of revenue (330,139)(245,817)(399,715)(743,490)(528,336)(313,810)
Cost of goods and services sold (1,900)(3,400)(3,100)(743,490)(528,336)(313,810)
Gross profit: 62,067(6,820)82,438149,325146,71199,465
Operating expenses (39,041)(49,020)(42,201)(42,348)(34,457)(25,060)
Operating income (loss): 23,026(55,840)40,237106,977112,25474,405
Nonoperating income
(Other Nonoperating income)
 1,8598,0756,9815,6482,278752
Income (loss) from continuing operations before equity method investments, income taxes: 24,885(47,765)47,218112,625114,53275,157
Other undisclosed income from continuing operations before income taxes      349
Income (loss) from continuing operations before income taxes: 24,885(47,765)47,218112,625114,53275,506
Income tax expense (benefit) (1,074)7,0534,651(40,279)(37,106)(25,302)
Net income (loss): 23,811(40,712)51,86972,34677,42650,204
Net income (loss) attributable to noncontrolling interest 40(1,977)167(335)(7,098)(13,859)
Net income (loss) available to common stockholders, diluted: 23,851(42,689)52,03672,01170,32836,345

Comprehensive Income ($ in thousands)

10/31/2021
TTM
1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
Net income (loss): 23,811(40,712)51,86972,34677,42650,204
Other undisclosed comprehensive income (loss) 75(2,747)(1,601)1,849(7,295) 
Comprehensive income (loss): 23,886(43,459)50,26874,19570,13150,204
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 40(1,977)167(335)(7,098)(13,859)
Comprehensive income (loss), net of tax, attributable to parent: 23,926(45,436)50,43573,86063,03336,345

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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