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 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 5 | 3 | 3 | 3 | 4 | 212 | |||
Cash and cash equivalents | 5 | 3 | 3 | 3 | 4 | 212 | |||
Net investment in lease, before allowance for credit loss | 28 | ✕ | ✕ | ||||||
Receivables | 2,722 | 2,663 | 2,391 | 1,680 | 1,537 | 1,910 | |||
Inventory, net of allowances, customer advances and progress billings | 10,612 | 9,210 | 7,762 | 8,779 | 10,257 | 11,967 | |||
Inventory | 10,612 | 9,210 | 7,762 | 8,779 | 10,257 | 11,967 | |||
Contract with customer, asset, after allowance for credit loss | 451 | 177 | 56 | 727 | ✕ | ||||
Disposal group, including discontinued operation | 2 | ||||||||
Costs in excess of billings | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 65 | ||
Other current assets | 344 | 121 | 61 | 71 | 125 | 276 | |||
Other undisclosed current assets | 148 | 222 | |||||||
Total current assets: | 14,133 | 12,174 | 10,301 | 11,407 | 12,145 | 14,433 | |||
Noncurrent Assets | |||||||||
Finance lease, right-of-use asset, after accumulated amortization | ✕ | ✕ | |||||||
Operating lease, right-of-use asset | 28 | ✕ | ✕ | ||||||
Property, plant and equipment | 6,179 | 5,237 | 5,219 | 5,363 | 5,647 | 5,947 | |||
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) | 375 | ||||||||
Goodwill | 375 | ||||||||
Disposal group, including discontinued operation, noncurrent assets | 1,425 | ||||||||
Deferred income tax assets | 2,605 | 2,622 | 2,668 | ✕ | ✕ | ||||
Other noncurrent assets | 630 | 299 | 94 | 71 | 76 | 82 | |||
Deferred tax assets, net | ✕ | ✕ | ✕ | ✕ | ✕ | 901 | |||
Other undisclosed noncurrent assets | 400 | 522 | 494 | 2,506 | 3,303 | 1,217 | |||
Total noncurrent assets: | 9,815 | 8,680 | 8,502 | 7,940 | 9,180 | 9,947 | |||
TOTAL ASSETS: | 23,948 | 20,854 | 18,803 | 19,347 | 21,325 | 24,380 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 3,914 | 2,954 | 3,236 | 2,345 | 1,702 | 1,658 | |||
Taxes payable | ✕ | ✕ | 6 | 1 | 6 | 6 | 3 | ||
Accounts payable | 2,631 | 1,737 | 1,955 | 1,205 | 802 | 674 | |||
Accrued liabilities | 1,283 | 1,211 | 1,279 | 1,133 | 893 | 982 | |||
Deferred revenue | 829 | 279 | 198 | 105 | ✕ | ✕ | |||
Debt | 269 | 99 | 95 | 85 | 227 | 221 | |||
Disposal group, including discontinued operation | 59 | ||||||||
Billings in excess of cost | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 48 | ||
Customer advances and deposits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 600 | ||
Other undisclosed current liabilities | 4,256 | 4,355 | 2,636 | 2,667 | 3,836 | 2,463 | |||
Total current liabilities: | 9,267 | 7,687 | 6,165 | 5,203 | 5,765 | 5,050 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 3,506 | 2,813 | 2,731 | 2,351 | 2,523 | 2,749 | |||
Long-term debt, excluding current maturities | 2,904 | 2,635 | 2,713 | 2,351 | 2,523 | 2,749 | |||
Finance lease, liability | 602 | 142 | ✕ | ✕ | |||||
Liabilities, other than long-term debt | 24 | 590 | |||||||
Disposal group, including discontinued operation, liabilities | 590 | ||||||||
Operating lease, liability | 24 | 35 | 18 | ✕ | ✕ | ||||
Other undisclosed noncurrent liabilities | (35) | (18) | |||||||
Total noncurrent liabilities: | 3,530 | 2,813 | 2,731 | 2,351 | 2,523 | 3,339 | |||
Total liabilities: | 12,798 | 10,500 | 8,896 | 7,553 | 8,288 | 8,389 | |||
Equity | |||||||||
Equity, attributable to parent | 11,151 | 10,354 | 9,907 | 11,794 | 13,037 | 15,991 | |||
Common stock | 50 | 46 | 45 | 43 | 42 | 42 | |||
Treasury stock, value | (201) | (109) | (78) | (47) | (28) | (6) | |||
Additional paid in capital | 4,547 | 3,761 | 3,496 | 3,250 | 3,056 | 2,859 | |||
Accumulated other comprehensive loss | (257) | ||||||||
Retained earnings | 6,754 | 6,656 | 6,444 | 8,547 | 9,967 | 13,354 | |||
Total equity: | 11,151 | 10,354 | 9,907 | 11,794 | 13,037 | 15,991 | |||
TOTAL LIABILITIES AND EQUITY: | 23,948 | 20,854 | 18,803 | 19,347 | 21,325 | 24,380 |
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 | ||
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Revenues | 28,400 | 24,965 | 22,409 | 22,889 | 19,727 | 20,715 | ||
Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 20,715 | |
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: | 7,307 | 6,596 | 2,400 | 3,928 | 3,512 | 4,082 | ||
Operating expenses | (6,974) | (6,073) | (6,309) | (5,425) | (6,607) | (5,804) | ||
Operating income (loss): | 333 | 523 | (3,910) | (1,497) | (3,095) | (1,722) | ||
Nonoperating income (expense) | (216) | (257) | 950 | (272) | (751) | (71) | ||
Other nonoperating income (expense) | 238 | 57 | 1,254 | 86 | (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 taxes | 454 | 313 | 305 | 358 | 305 | 320 | ||
Income (loss) from continuing operations before income taxes: | 117 | 267 | (2,960) | (1,769) | (3,846) | (1,793) | ||
Income tax expense (benefit) | (19) | (54) | 856 | 349 | 510 | 424 | ||
Income (loss) from continuing operations: | 98 | 213 | (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): | 98 | 213 | (2,103) | (1,420) | (3,387) | (1,637) | ||
Other undisclosed net loss attributable to parent | ||||||||
Net income (loss) available to common stockholders, diluted: | 98 | 213 | (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 | ||
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Net income (loss): | 98 | 213 | (2,103) | (1,420) | (3,387) | (1,637) | ||
Comprehensive income (loss): | 98 | 213 | (2,103) | (1,420) | (3,387) | (1,637) | ||
Other undisclosed comprehensive income, net of tax, attributable to parent | 257 | 45 | ||||||
Comprehensive income (loss), net of tax, attributable to parent: | 98 | 213 | (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.