Art's-Way Manufacturing Co., Inc. (ARTW) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in thousands)
Annual | Quarterly

11/30/2020
11/30/2019
11/30/2018
11/30/2017
11/30/2016
11/30/2015
11/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3342121,064447512
Cash and cash equivalents3342121,064447512
Net investment in lease28 ✕✕✕✕✕
Receivables2,3911,6801,5371,9101,6862,4043,062
Inventory, net of allowances, customer advances and progress billings7,7628,77910,25711,96713,52915,69915,089
Inventory7,7628,77910,25711,96713,52915,69915,089
Contract with customer, asset56727 ✕✕✕✕
Disposal group, including discontinued operation   210  
Costs in excess of billings✕✕✕6510820718
Deferred tax assets✕✕  1,0671,1461,260
Other current assets617112527615859125
Other undisclosed current assets 148222   (0)
Total current assets:10,30111,40712,14514,43317,62219,96220,066
Noncurrent Assets
Operating lease, right-of-use asset28 ✕✕✕✕✕
Property, plant and equipment5,2195,3635,6475,9477,3879,69511,681
Long-term investments and receivables  154    
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases✕✕154    
Intangible assets, net (including goodwill)   375375375994
Goodwill   375375375994
Disposal group, including discontinued operation, noncurrent assets   1,4251,7461,245 
Deferred income tax assets2,668 ✕✕✕✕✕
Other noncurrent assets94717682435447
Deferred tax assets, net✕✕ 901   
Other undisclosed noncurrent assets4942,5063,3031,21770 59
Total noncurrent assets:8,5027,9409,1809,9479,62111,36912,780
TOTAL ASSETS:18,80319,34721,32524,38027,24331,33232,846
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,2362,3451,7021,6581,4891,8023,133
Accounts payable1,9551,205802674469522875
Accrued liabilities1,2791,1338939821,0191,2801,584
Employee-related liabilities      674
Taxes payable1663   
Deferred revenue198105✕✕✕✕✕
Debt95852272211,8081,3231,284
Disposal group, including discontinued operation   59182  
Billings in excess of cost✕✕✕4848796
Customer advances and deposits✕✕✕60028916795
Other undisclosed current liabilities2,6362,6673,8362,4633,2843,9601,895
Total current liabilities:6,1655,2035,7655,0507,0577,3386,504
Noncurrent Liabilities
Long-term debt and lease obligation2,7312,3512,5232,7491,3874,6275,949
Long-term debt, excluding current maturities2,7132,3512,5232,7491,3874,6275,949
Operating lease, liability18 ✕✕✕✕✕
Liabilities, other than long-term debt   5901,3238471,142
Deferred tax liabilities, net✕✕  7388471,142
Disposal group, including discontinued operation, liabilities   590585  
Other undisclosed noncurrent liabilities(18)      
Total noncurrent liabilities:2,7312,3512,5233,3392,7105,4747,091
Total liabilities:8,8967,5538,2888,3899,76612,81213,595
Stockholders' equity
Stockholders' equity attributable to parent9,90711,79413,03715,99117,47618,52019,252
Common stock45434242414140
Treasury stock, value(78)(47)(28)(6)   
Additional paid in capital3,4963,2503,0562,8592,7472,6672,639
Accumulated other comprehensive loss   (257)(302)  
Retained earnings6,4448,5479,96713,35414,99115,81216,573
Total stockholders' equity:9,90711,79413,03715,99117,47618,52019,252
TOTAL LIABILITIES AND EQUITY:18,80319,34721,32524,38027,24331,33232,846

Income statement (P&L) ($ in thousands)
Annual | Quarterly

11/30/2020
11/30/2019
11/30/2018
11/30/2017
11/30/2016
11/30/2015
11/30/2014
Revenues22,40922,88919,72720,71521,55827,93636,170
Revenue, net✕✕✕20,71521,55827,93636,170
Cost of revenue
(Cost of Goods and Services Sold)		(20,010)(18,961)(16,215)(16,633)(16,238)(20,952)(27,445)
Gross profit:2,4003,9283,5124,0825,3206,9848,725
Operating expenses(6,309)(5,425)(6,607)(5,804)(5,751)(7,387)(7,060)
Operating income (loss):(3,910)(1,497)(3,095)(1,722)(431)(404)1,665
Nonoperating income (expense)950(272)(751)(71)(91)(132)(362)
Other nonoperating income (expense)1,25486(447)249157(132)(10)
Interest and debt expense(305)(358)(305)(320)(249)(329)(352)
Other undisclosed income from continuing operations before equity method investments, income taxes      352
Income (loss) from continuing operations before equity method investments, income taxes:(3,265)(2,127)(4,151)(2,113)(771)(865)1,303
Other undisclosed income from continuing operations before income taxes305358305320249  
Income (loss) from continuing operations before income taxes:(2,960)(1,769)(3,846)(1,793)(523)(865)1,303
Income tax expense (benefit)85634951042497307(367)
Income (loss) from continuing operations:(2,103)(1,420)(3,336)(1,369)(426)(558)936
Loss from discontinued operations  (51)(268)(395)  
Net income (loss):(2,103)(1,420)(3,387)(1,637)(821)(558)936
Other undisclosed net loss attributable to parent      (0)
Net income (loss) available to common stockholders, diluted:(2,103)(1,420)(3,387)(1,637)(821)(558)935

Comprehensive Income ($ in thousands)
Annual | Quarterly

11/30/2020
11/30/2019
11/30/2018
11/30/2017
11/30/2016
11/30/2015
11/30/2014
Net income (loss):(2,103)(1,420)(3,387)(1,637)(821)(558)936
Comprehensive income (loss):(2,103)(1,420)(3,387)(1,637)(821)(558)936
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  25745(302)  
Comprehensive income (loss), net of tax, attributable to parent:(2,103)(1,420)(3,130)(1,592)(1,124)(558)936

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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