Art's-Way Manufacturing Co., Inc. (ARTW) financial statements (2022 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

11/30/2021
11/30/2020
11/30/2019
11/30/2018
11/30/2017
11/30/2016
11/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments33342121,064447
Cash and cash equivalents33342121,064447
Net investment in lease 28 ✕✕✕✕
Receivables2,6632,3911,6801,5371,9101,6862,404
Inventory, net of allowances, customer advances and progress billings9,2107,7628,77910,25711,96713,52915,699
Inventory9,2107,7628,77910,25711,96713,52915,699
Contract with customer, asset17756727 ✕✕✕
Disposal group, including discontinued operation    210 
Costs in excess of billings✕✕✕✕65108207
Deferred tax assets✕✕✕  1,0671,146
Other current assets121617112527615859
Other undisclosed current assets  148222   
Total current assets:12,17410,30111,40712,14514,43317,62219,962
Noncurrent Assets
Operating lease, right-of-use asset 28 ✕✕✕✕
Property, plant and equipment5,2375,2195,3635,6475,9477,3879,695
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)    375375375
Goodwill    375375375
Disposal group, including discontinued operation, noncurrent assets    1,4251,7461,245
Deferred income tax assets2,6222,668 ✕✕✕✕
Other noncurrent assets299947176824354
Deferred tax assets, net✕✕✕ 901  
Other undisclosed noncurrent assets5224942,5063,3031,21770 
Total noncurrent assets:8,6808,5027,9409,1809,9479,62111,369
TOTAL ASSETS:20,85418,80319,34721,32524,38027,24331,332
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,9543,2362,3451,7021,6581,4891,802
Accounts payable1,7371,9551,205802674469522
Accrued liabilities1,2111,2791,1338939821,0191,280
Taxes payable61663  
Deferred revenue279198105✕✕✕✕
Debt9995852272211,8081,323
Disposal group, including discontinued operation    59182 
Billings in excess of cost✕✕✕✕48487
Customer advances and deposits✕✕✕✕600289167
Other undisclosed current liabilities4,3552,6362,6673,8362,4633,2843,960
Total current liabilities:7,6876,1655,2035,7655,0507,0577,338
Noncurrent Liabilities
Long-term debt and lease obligation2,8132,7312,3512,5232,7491,3874,627
Long-term debt, excluding current maturities2,6352,7132,3512,5232,7491,3874,627
Finance lease, liability142  ✕✕✕✕
Operating lease, liability3518 ✕✕✕✕
Liabilities, other than long-term debt    5901,323847
Deferred tax liabilities, net✕✕✕  738847
Disposal group, including discontinued operation, liabilities    590585 
Other undisclosed noncurrent liabilities(35)(18)     
Total noncurrent liabilities:2,8132,7312,3512,5233,3392,7105,474
Total liabilities:10,5008,8967,5538,2888,3899,76612,812
Stockholders' equity
Stockholders' equity attributable to parent10,3549,90711,79413,03715,99117,47618,520
Common stock46454342424141
Treasury stock, value(109)(78)(47)(28)(6)  
Additional paid in capital3,7613,4963,2503,0562,8592,7472,667
Accumulated other comprehensive loss    (257)(302) 
Retained earnings6,6566,4448,5479,96713,35414,99115,812
Total stockholders' equity:10,3549,90711,79413,03715,99117,47618,520
TOTAL LIABILITIES AND EQUITY:20,85418,80319,34721,32524,38027,24331,332

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

11/30/2021
11/30/2020
11/30/2019
11/30/2018
11/30/2017
11/30/2016
11/30/2015
Revenues24,96522,40922,88919,72720,71521,55827,936
Revenue, net✕✕✕✕20,71521,55827,936
Cost of revenue
(Cost of Goods and Services Sold)		(18,369)(20,010)(18,961)(16,215)(16,633)(16,238)(20,952)
Gross profit:6,5962,4003,9283,5124,0825,3206,984
Operating expenses(6,073)(6,309)(5,425)(6,607)(5,804)(5,751)(7,387)
Operating income (loss):523(3,910)(1,497)(3,095)(1,722)(431)(404)
Nonoperating income (expense)(257)950(272)(751)(71)(91)(132)
Other nonoperating income (expense)571,25486(447)249157(132)
Interest and debt expense(313)(305)(358)(305)(320)(249)(329)
Loss from continuing operations before equity method investments, income taxes:(47)(3,265)(2,127)(4,151)(2,113)(771)(865)
Other undisclosed income from continuing operations before income taxes313305358305320249 
Income (loss) from continuing operations before income taxes:267(2,960)(1,769)(3,846)(1,793)(523)(865)
Income tax expense (benefit)(54)85634951042497307
Income (loss) from continuing operations:213(2,103)(1,420)(3,336)(1,369)(426)(558)
Loss from discontinued operations   (51)(268)(395) 
Net income (loss) available to common stockholders, diluted:213(2,103)(1,420)(3,387)(1,637)(821)(558)

Comprehensive Income ($ in thousands)
Annual | Quarterly

11/30/2021
11/30/2020
11/30/2019
11/30/2018
11/30/2017
11/30/2016
11/30/2015
Net income (loss):213(2,103)(1,420)(3,387)(1,637)(821)(558)
Comprehensive income (loss):213(2,103)(1,420)(3,387)(1,637)(821)(558)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   25745(302) 
Comprehensive income (loss), net of tax, attributable to parent:213(2,103)(1,420)(3,130)(1,592)(1,124)(558)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: