Granite Falls Energy, LLC (GFGY) financial statements (2022 and earlier)

Company profile

Business Address 15045 HIGHWAY 23 S.E.
GRANITE FALLS, MN 56241-0216
State of Incorp. MN
Fiscal Year End October 31
SIC 286 - Industrial Organic Chemicals (benchmarking)
More info Complete financial analysis Financial benchmarking

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

1/31/2022
TTM
10/31/2021
10/31/2020
10/31/2019
10/31/2018
10/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments37,814 11,42313,52214,90121,658
Cash and cash equivalents37,814 11,42313,52214,90121,658
Receivables7,964 3,3867,4287,3257,623
Inventory, net of allowances, customer advances and progress billings21,749 13,79213,80314,91715,241
Inventory21,749 13,79213,80314,91715,241
Derivative instruments and hedges, assets  56823958244
Other undisclosed current assets4,848 3,058587507437
Total current assets:72,374 31,71536,16338,60845,203
Noncurrent Assets
Operating lease, right-of-use asset14,858 19,384 
Property, plant and equipment48,840 54,96658,26966,67672,271
Long-term investments and receivables12,134 9,7999,3289,5007,500
Long-term investments12,134 9,7999,3289,5007,500
Intangible assets, net (including goodwill)   1,3721,3721,372
Goodwill   1,3721,3721,372
Other noncurrent assets332 333922705743
Total noncurrent assets:76,164 84,48269,89178,25381,887
TOTAL ASSETS:148,539 116,198106,055116,861127,090
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9,763 13,16011,94911,4218,508
Accounts payable8,667 12,29411,16810,0337,535
Accrued liabilities1,097 8667811,388972
Debt6,171 13,6481,405660432
Derivative instruments and hedges, liabilities1,478 816 5040
Other undisclosed current liabilities3,696 3,628   
Total current liabilities:21,109 31,25213,35512,1328,980
Noncurrent Liabilities
Long-term debt and lease obligation37,091 21,6326,6397,7998,466
Long-term debt, excluding current maturities25,929 5,8766,6397,7998,466
Operating lease, liability11,162 15,755 
Other undisclosed noncurrent liabilities  (14,333)1,376  
Total noncurrent liabilities:48,253 23,0548,0157,7998,466
Total liabilities:69,362 54,30621,37019,93117,446
Stockholders' equity
Other undisclosed stockholders' equity  61,89284,685  
Total stockholders' equity:  61,89284,685  
Other undisclosed liabilities and equity79,177   96,930109,644
TOTAL LIABILITIES AND EQUITY:148,539 116,198106,055116,861127,090

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

1/31/2022
TTM
10/31/2021
10/31/2020
10/31/2019
10/31/2018
10/31/2017
Revenues83,258 164,954208,777210,312215,782
Cost of revenue
(Cost of Goods and Services Sold)
(247,614) (176,031)(212,560)(200,727)(194,683)
Gross profit:48,342 (11,077)(3,783)9,58521,099
Operating expenses  (1,372)(6,493)(6,284)(6,168)
Other undisclosed operating loss(6,501) (8,581)   
Operating income (loss):41,840 (21,030)(10,277)3,30114,932
Nonoperating income (expense)5,054 463(745)75190
Investment income, nonoperating1,520 518(460)17856
Other nonoperating income1,151 497236409457
Interest and debt expense(800) (553)(520)(512)(324)
Income (loss) before gain (loss) on sale of properties:46,094 (21,120)(11,542)2,86414,798
Other undisclosed net income800 553520512324
Net income (loss):46,894 (20,568)(11,021)3,37615,122
Net income (loss) attributable to noncontrolling interest(3,090) 7,2892,630(512)(3,636)
Net income (loss) available to common stockholders, diluted:43,804 (13,278)(8,391)2,86411,485

Comprehensive Income ($ in thousands)

1/31/2022
TTM
10/31/2021
10/31/2020
10/31/2019
10/31/2018
10/31/2017
Net income (loss):46,894 (20,568)(11,021)3,37615,122
Comprehensive income (loss):46,894 (20,568)(11,021)3,37615,122
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(3,090) 7,2892,630(512)(3,636)
Comprehensive income (loss), net of tax, attributable to parent:43,804 (13,278)(8,391)2,86411,485

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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