Greystone Logistics Inc (GLGI) financial statements (2022 and earlier)

Company profile

Business Address 1613 EAST 15TH STREET
TULSA, OK 74120
State of Incorp.
Fiscal Year End May 31
SIC 3559 - Special Industry Machinery, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

11/30/2021
TTM
5/31/2021
5/31/2020
5/31/2019
5/31/2018
5/31/2017
5/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments13,9944,3881,1321,255380579897
Cash and cash equivalents13,9944,3881,1321,255380579897
Receivables4,8364,7406,7656,3715,0116,2343,687
Inventory, net of allowances, customer advances and progress billings4,3793,4424,2302,6213,0891,5881,304
Inventory4,3793,4424,2302,6213,0891,5881,304
Prepaid expense30252723921613670
Total current assets:23,51112,62212,13410,4878,6968,5375,959
Noncurrent Assets
Operating lease, right-of-use asset73109182
Property, plant and equipment29,86130,99934,14232,50025,35419,70712,565
Intangible assets, net (including goodwill)      (37)
Intangible assets, net (excluding goodwill)      (37)
Regulated entity, other noncurrent assets      130
Other noncurrent assets      93
Other undisclosed noncurrent assets     2811,191
Total noncurrent assets:29,93431,10834,32432,50025,35419,98813,942
TOTAL ASSETS:53,44543,73046,45842,98634,05028,52519,900
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:4,5873,7554,9296,5214,6525,7282,642
Interest and dividends payable  84112 3060
Other undisclosed accounts payable and accrued liabilities4,5873,7554,8456,4094,6525,6982,582
Deferred revenue16,9836,4313,793
Debt4,4914,9826,2554,5474,4854,7552,088
Due to related parties    55292,476
Other undisclosed current liabilities35561582,3133,4043060
Total current liabilities:26,09515,22315,13513,38112,59610,5427,266
Noncurrent Liabilities
Long-term debt and lease obligation11,14914,87322,05524,86718,56916,84313,358
Long-term debt, excluding current maturities9,86012,97218,33019,62916,83615,31113,358
Finance lease, liability1,2521,8483,617
Capital lease obligations5,2381,7331,533 
Operating lease, liability3853108
Liabilities, other than long-term debt2,2462,3811,109927491  
Deferred tax liabilities, net927491  
Deferred income tax liabilities2,2462,3811,109
Total noncurrent liabilities:13,39517,25323,16425,79419,06016,84313,358
Total liabilities:39,49032,47638,29939,17531,65627,38520,625
Stockholders' equity
Stockholders' equity attributable to parent12,63310,0176,9872,6851,30869(1,769)
Preferred stock0000000
Common stock3333333
Additional paid in capital53,81553,79153,79153,79153,79153,79153,614
Accumulated deficit(41,185)(43,777)(46,807)(51,109)(52,485)(53,725)(55,386)
Stockholders' equity attributable to noncontrolling interest1,3221,2361,1731,1261,0851,0721,045
Total stockholders' equity:13,95511,2538,1603,8112,3931,140(724)
TOTAL LIABILITIES AND EQUITY:53,44543,73046,45842,98634,05028,52519,900

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

11/30/2021
TTM
5/31/2021
5/31/2020
5/31/2019
5/31/2018
5/31/2017
5/31/2016
Revenues62,45364,92576,2053,40448,60940,04426,340
Revenue, net 40,04426,340
Cost of revenue
(Cost of Goods and Services Sold)
(54,615)(53,468)(64,722)(62,837)(41,570)(32,574)(21,591)
Other undisclosed gross profit   67,673   
Gross profit:7,83711,45711,4838,2407,0397,4714,749
Operating expenses(5,083)(5,202)(4,624)(3,922)(3,034)(3,016)(2,555)
Operating income:2,7546,2556,8594,3184,0054,4552,194
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
5229181212 (862)
Interest and debt expense2,115(1,178)(1,705)(1,836)(1,373)(1,213)(862)
Other undisclosed income from continuing operations before equity method investments, income taxes     17862
Income from continuing operations before income taxes:4,9215,1065,1722,4932,6433,2591,332
Income tax expense(435)(1,481)(209)(436)(772)(1,012)(496)
Net income:4,4863,6264,9632,0571,8712,247836
Net loss attributable to noncontrolling interest(275)(272)(262)(252)(247)(240) 
Other undisclosed net income attributable to parent275272262252247240 
Net income attributable to parent:4,4863,6264,9632,0571,8712,247836
Preferred stock dividends and other adjustments(322)(323)(399)(428)(384)(346)(332)
Other undisclosed net loss available to common stockholders, basic(275)(272)(262)(252)(247)(240)(233)
Net income available to common stockholders, diluted:3,8893,0304,3021,3771,2401,661272

Comprehensive Income ($ in thousands)

11/30/2021
TTM
5/31/2021
5/31/2020
5/31/2019
5/31/2018
5/31/2017
5/31/2016
Net income:4,4863,6264,9632,0571,8712,247836
Comprehensive income:4,4863,6264,9632,0571,8712,247836
Comprehensive loss, net of tax, attributable to noncontrolling interest(275)(272)(262)(252)(247)(240) 
Comprehensive income, net of tax, attributable to parent:4,2113,3534,7001,8051,6242,007836

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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