Art's-Way Manufacturing Co., Inc. (ARTW) Financial Statements (2024 and earlier)

Company Profile

Business Address P O BOX 288
ARMSTRONG, IA 50514
State of Incorp. DE
Fiscal Year End November 30
Industry (SIC) 3523 - Farm Machinery and Equipment (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

8/31/2023
MRQ
11/30/2022
11/30/2021
11/30/2020
11/30/2019
11/30/2018
11/30/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments53334212
Cash and cash equivalents53334212
Net investment in lease, before allowance for credit loss   28 
Receivables2,7222,6632,3911,6801,5371,910
Inventory, net of allowances, customer advances and progress billings10,6129,2107,7628,77910,25711,967
Inventory10,6129,2107,7628,77910,25711,967
Contract with customer, asset, after allowance for credit loss45117756727 
Disposal group, including discontinued operation     2
Costs in excess of billings65
Other current assets3441216171125276
Other undisclosed current assets    148222 
Total current assets:14,13312,17410,30111,40712,14514,433
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization    
Operating lease, right-of-use asset  28 
Property, plant and equipment 6,1795,2375,2195,3635,6475,947
Long-term investments and receivables     154 
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases154 
Intangible assets, net (including goodwill)      375
Goodwill      375
Disposal group, including discontinued operation, noncurrent assets     1,425
Deferred income tax assets2,6052,6222,668 
Other noncurrent assets63029994717682
Deferred tax assets, net 901
Other undisclosed noncurrent assets4005224942,5063,3031,217
Total noncurrent assets:9,8158,6808,5027,9409,1809,947
TOTAL ASSETS:23,94820,85418,80319,34721,32524,380
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,9142,9543,2362,3451,7021,658
Taxes payable61663
Accounts payable2,6311,7371,9551,205802674
Accrued liabilities1,2831,2111,2791,133893982
Deferred revenue829279198105
Debt269999585227221
Disposal group, including discontinued operation     59
Billings in excess of cost48
Customer advances and deposits600
Other undisclosed current liabilities4,2564,3552,6362,6673,8362,463
Total current liabilities:9,2677,6876,1655,2035,7655,050
Noncurrent Liabilities
Long-term debt and lease obligation3,5062,8132,7312,3512,5232,749
Long-term debt, excluding current maturities2,9042,6352,7132,3512,5232,749
Finance lease, liability602142  
Liabilities, other than long-term debt24    590
Disposal group, including discontinued operation, liabilities     590
Operating lease, liability243518 
Other undisclosed noncurrent liabilities  (35)(18)   
Total noncurrent liabilities:3,5302,8132,7312,3512,5233,339
Total liabilities:12,79810,5008,8967,5538,2888,389
Equity
Equity, attributable to parent11,15110,3549,90711,79413,03715,991
Common stock504645434242
Treasury stock, value(201)(109)(78)(47)(28)(6)
Additional paid in capital4,5473,7613,4963,2503,0562,859
Accumulated other comprehensive loss      (257)
Retained earnings6,7546,6566,4448,5479,96713,354
Total equity:11,15110,3549,90711,79413,03715,991
TOTAL LIABILITIES AND EQUITY:23,94820,85418,80319,34721,32524,380

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

8/31/2023
TTM
11/30/2022
11/30/2021
11/30/2020
11/30/2019
11/30/2018
11/30/2017
Revenues28,40024,96522,40922,88919,72720,715
Revenue, net20,715
Cost of revenue
(Cost of Goods and Services Sold)
(21,093)(18,369)(20,010)(18,961)(16,215)(16,633)
Other undisclosed gross profit      
Gross profit:7,3076,5962,4003,9283,5124,082
Operating expenses(6,974)(6,073)(6,309)(5,425)(6,607)(5,804)
Operating income (loss):333523(3,910)(1,497)(3,095)(1,722)
Nonoperating income (expense)(216)(257)950(272)(751)(71)
Other nonoperating income (expense)238571,25486(447)249
Interest and debt expense(454)(313)(305)(358)(305)(320)
Income (loss) from continuing operations before equity method investments, income taxes:(337)(47)(3,265)(2,127)(4,151)(2,113)
Other undisclosed income from continuing operations before income taxes454313305358305320
Income (loss) from continuing operations before income taxes:117267(2,960)(1,769)(3,846)(1,793)
Income tax expense (benefit)(19)(54)856349510424
Income (loss) from continuing operations:98213(2,103)(1,420)(3,336)(1,369)
Income (loss) before gain (loss) on sale of properties:213(2,103)(1,420)(3,387)(1,637)
Loss from discontinued operations    (51)(268)
Net income (loss):98213(2,103)(1,420)(3,387)(1,637)
Other undisclosed net loss attributable to parent      
Net income (loss) available to common stockholders, diluted:98213(2,103)(1,420)(3,387)(1,637)

Comprehensive Income ($ in thousands)

8/31/2023
TTM
11/30/2022
11/30/2021
11/30/2020
11/30/2019
11/30/2018
11/30/2017
Net income (loss):98213(2,103)(1,420)(3,387)(1,637)
Comprehensive income (loss):98213(2,103)(1,420)(3,387)(1,637)
Other undisclosed comprehensive income, net of tax, attributable to parent     25745
Comprehensive income (loss), net of tax, attributable to parent:98213(2,103)(1,420)(3,130)(1,592)

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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