Rand Logistics Inc (RLOG) financial statements (2022 and earlier)

Company profile

Business Address 333 WASHINGTON STREET
JERSEY CITY, NJ 07302
State of Incorp. DE
Fiscal Year End March 31
SIC 44 - Water Transportation (benchmarking)
More info Complete financial analysis Financial benchmarking

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

3/31/2017
3/31/2016
3/31/2015
3/31/2014
3/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments335773,2982,602848
Cash and cash equivalents335773,2982,602848
Receivables4,1472,7442,8552,6295,486
Prepaid expense3021,012160565
Prepaid expense and other current assets7,842
Income taxes receivable96 
Deferred tax assets  3478689
Other undisclosed current assets5,9075,3085,7977,064536
Total current assets:10,6919,14112,45713,04214,801
Noncurrent Assets
Property, plant and equipment214,046228,504206,276215,487219,084
Intangible assets, net (including goodwill)15,02021,00023,39826,42622,805
Goodwill10,19310,19310,19310,19310,193
Intangible assets, net (excluding goodwill)4,82710,80713,20516,23312,612
Other noncurrent assets41102569730
Prepaid expense and other noncurrent assets1,050
Deferred tax assets, net    2,203
Other undisclosed noncurrent assets8,8026,6607,5909,32110,895
Total noncurrent assets:237,909256,266237,833251,964256,037
TOTAL ASSETS:248,600265,407250,290265,006270,838
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities24,29026,00026,91120,80544,939
Accounts payable9,07017,82215,35011,79221,697
Accrued liabilities15,2208,1447,6287,95621,316
Employee-related liabilities  1,5759571,926
Taxes payable 34 100 
Interest and dividends payable  2,358  
Debt119,702  7873,630
Deferred tax liabilities   35173
Customer advances and deposits404776166
Other undisclosed current liabilities80,577564(3,397)(458)4,502
Total current liabilities:224,97327,34023,68021,16953,244
Noncurrent Liabilities
Long-term debt and lease obligation 114,520101,213104,103139,760
Long-term debt, excluding current maturities 114,520101,213104,103139,760
Liabilities, other than long-term debt4,3675,8256,0865,3873,785
Deferred tax liabilities, net4,3675,8255,6075,1343,532
Other liabilities  479253253
Other undisclosed noncurrent liabilities 78,12673,06473,6001,631
Total noncurrent liabilities:4,367198,471180,363183,090145,176
Total liabilities:229,340225,811204,043204,259198,420
Stockholders' equity
Stockholders' equity attributable to parent19,26039,59646,24760,74772,418
Preferred stock14,67414,67414,90014,90014,900
Common stock11111
Additional paid in capital91,34890,99390,13089,48689,077
Accumulated other comprehensive income (loss)(10,355)(9,535)(7,812)(3,363)781
Accumulated deficit(76,408)(56,537)(50,972)(40,277)(32,341)
Total stockholders' equity:19,26039,59646,24760,74772,418
TOTAL LIABILITIES AND EQUITY:248,600265,407250,290265,006270,838

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

3/31/2017
3/31/2016
3/31/2015
3/31/2014
3/31/2013
Revenues
(Revenue, Net)
115,451148,444152,960155,804156,638
Gross profit:115,451148,444152,960155,804156,638
Operating expenses(115,730)(139,997)(145,636)(144,855)(148,536)
Operating income (loss):(279)8,4477,32410,9498,102
Nonoperating expense(19,444)(12,447)(16,320)(10,633)(12,414)
Loss on contract termination  (2,660)  
Interest and debt expense(19,463)(12,461)(16,338)(10,640)(13,510)
Loss from continuing operations before equity method investments, income taxes:(39,186)(16,461)(25,334)(10,324)(17,822)
Other undisclosed income from continuing operations before income taxes19,46312,46116,33810,64013,510
Income (loss) from continuing operations before income taxes:(19,723)(4,000)(8,996)316(4,312)
Income tax expense (benefit)1,495(232)(424)(4,823)493
Net loss attributable to parent:(18,228)(4,232)(9,420)(4,507)(3,819)
Preferred stock dividends and other adjustments(1,643)(1,333)(1,168)(3,429)(3,173)
Net loss available to common stockholders, diluted:(19,871)(5,565)(10,588)(7,936)(6,992)

Comprehensive Income ($ in thousands)

3/31/2017
3/31/2016
3/31/2015
3/31/2014
3/31/2013
Net loss:(18,228)(4,232)(9,420)(4,507)(3,819)
Other undisclosed comprehensive loss(820)(1,723)(4,449)(4,144)(1,159)
Comprehensive loss, net of tax, attributable to parent:(19,048)(5,955)(13,869)(8,651)(4,978)

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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