Arts way manufacturing co inc (ARTW)
Balance Sheet / Quarterly
Feb'20Nov'19Aug'19May'19Feb'19Nov'18Aug'18May'18Feb'18Nov'17Aug'17May'17Feb'17Nov'16Aug'16May'16Feb'16Nov'15Aug'15May'15Feb'15Nov'14Aug'14May'14Feb'14Nov'13Aug'13May'13Feb'13Nov'12Aug'12May'12Feb'12Nov'11Aug'11Nov'10
Current assets:
Cash

3

3

5

4

3

3

4

3

92

212

393

212

750

1,063

501

267

629

447

643

601

902

511

237

250

85

207

-

-

-

-

-

-

-

-

-

-

Cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,433

2,123

3,571

1,546

335

290

316

118

213

317

Accounts receivable-customers, net of allowance for doubtful accounts of $32,611 and $22,925 in 2020 and 2019, respectively

2,657

1,679

2,502

2,667

1,662

1,537

2,141

2,075

1,827

1,910

2,416

1,937

1,458

1,420

2,700

1,542

2,809

1,882

1,875

2,931

2,786

2,961

4,984

3,277

2,410

2,999

2,464

2,365

2,740

2,778

6,231

7,427

3,099

2,030

3,345

2,493

Inventories, net

9,314

8,778

9,762

10,105

10,208

10,257

10,668

10,729

11,068

11,966

13,180

13,955

13,233

13,529

13,666

14,492

14,684

15,184

16,493

15,971

16,133

15,089

14,970

15,868

15,920

14,922

13,694

14,819

14,126

14,327

13,716

14,711

14,379

13,249

13,136

13,795

Cost and profit in excess of billings

512

726

80

32

379

99

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net investment in sales-type leases, current

116

148

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,058

992

888

933

877

821

Cost and profit in excess of billings

-

-

-

-

-

-

79

269

2

65

9

266

119

108

331

74

125

206

87

85

-

17

187

101

34

42

350

-

59

102

-

-

-

164

-

-

Net investment in sales-type leases, current

-

-

152

145

147

123

142

120

119

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes receivable

-

-

-

-

-

-

-

-

-

-

0

249

271

265

153

311

310

345

265

-

7

100

112

377

226

108

-

-

-

-

-

-

28

-

-

-

Assets of discontinued operations

-

-

-

-

-

-

0

0

4

2

22

7

7

9

430

-

-

694

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost and Profit in Excess of Billings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

210

10

-

-

256

Other current assets

262

70

234

266

302

125

175

188

425

275

315

432

414

158

272

257

228

54

320

449

458

125

323

613

623

242

268

337

329

309

355

323

381

198

297

245

Total current assets

12,866

11,407

12,738

13,221

12,703

12,145

13,212

13,385

13,540

14,432

16,336

17,061

16,255

17,621

19,215

18,098

19,931

19,962

21,013

21,352

21,562

20,065

22,208

21,822

20,530

19,751

19,298

20,733

21,889

20,125

21,697

23,956

19,102

16,695

17,871

17,930

Property, plant, and equipment, net

5,449

5,362

5,465

5,468

5,514

5,647

5,654

5,745

5,818

5,946

6,076

6,187

7,398

7,387

7,408

9,360

9,529

7,824

11,249

11,371

11,532

11,680

11,815

12,102

12,135

11,900

9,834

9,432

9,536

9,562

9,554

9,433

8,029

8,085

8,278

8,033

Assets held for lease, net

667

713

759

805

890

1,870

1,663

1,957

1,201

1,217

1,232

1,131

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

1,911

1,786

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net investment in sales-type leases, long-term

-

5

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

1,795

1,711

1,603

1,432

1,005

820

693

901

0

0

0

1,066

1,158

1,152

1,144

1,146

1,327

1,312

1,274

1,259

1,393

1,333

1,228

1,228

1,087

1,087

1,061

1,061

-

-

-

-

-

-

Assets held for sale, net

-

-

-

-

-

-

-

-

-

-

70

70

70

70

114

-

-

1,245

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

649

689

436

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Assets held for lease, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10

-

-

58

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Assets held for sale, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

114

114

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Assets held for lease, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

26

42

-

74

-

-

122

-

-

-

-

-

-

-

-

-

-

Assets held for lease, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

257

285

313

340

368

396

424

452

472

319

Assets held for lease, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

90

106

-

-

-

-

205

183

184

185

186

-

-

Covenant not to Compete, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15

30

45

60

75

120

Goodwill

-

-

-

-

-

-

375

375

375

375

375

375

375

375

375

375

375

375

375

993

993

993

993

993

993

993

993

993

993

993

1,074

1,074

375

375

375

375

Net investment in sales-type leases, long-term

-

-

36

77

116

153

186

229

255

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets of discontinued operations

-

-

-

-

-

-

0

0

1,425

1,425

1,714

1,716

1,716

1,745

1,803

-

-

1,870

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

104

71

72

73

75

76

77

79

80

81

37

38

40

42

65

45

47

53

56

42

45

47

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total assets

20,999

19,346

20,867

21,359

20,902

21,325

22,175

22,593

23,391

24,379

26,491

27,268

26,292

27,242

28,983

27,995

29,998

31,331

32,704

33,788

34,176

32,846

35,091

35,008

33,765

32,767

30,384

31,445

32,731

31,228

32,894

35,075

28,161

25,855

27,072

26,777

Current liabilities:
Accounts payable

1,554

1,205

1,035

936

794

802

846

1,057

929

673

1,340

1,393

550

469

1,118

616

629

495

1,225

938

1,046

874

998

1,030

-

806

888

862

1,092

654

709

1,695

1,456

341

698

1,008

Customer deposits

222

105

260

512

714

145

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Billings in Excess of Cost and Profit

434

88

1,315

851

2

185

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Customer deposits

-

-

-

-

-

-

133

608

622

600

124

642

792

289

62

307

432

162

115

702

786

95

121

1,055

1,281

147

195

992

2,011

232

93

1,479

2,165

338

285

440

Billings in excess of cost and profit

-

-

-

-

-

-

71

0

11

48

88

196

75

4

64

148

92

86

126

127

170

96

98

68

32

17

69

28

547

1,125

-

-

-

74

-

-

Income taxes payable

23

6

6

3

2

6

3

3

3

3

3

-

-

0

-

-

-

-

-

-

-

-

-

-

1,056

-

344

199

364

821

845

423

-

350

55

594

Billings in Excess of Cost and Profit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,876

1,732

266

-

340

41

Accrued expenses

1,105

1,132

955

795

763

893

1,234

832

864

981

1,033

1,008

852

1,019

944

1,066

1,048

1,191

1,229

1,495

1,411

1,584

1,508

1,584

1,430

1,718

1,781

1,959

1,734

1,960

2,166

1,783

1,098

1,363

1,320

1,381

Liabilities of discontinued operations

-

-

-

-

-

-

0

0

49

59

656

702

717

182

245

-

-

245

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Line of credit

3,844

2,578

2,909

3,599

3,641

3,505

2,693

2,124

1,960

2,462

3,734

3,734

3,034

3,284

3,434

2,101

3,790

3,959

4,031

3,318

3,473

2,569

-

-

-

3,350

-

-

-

-

-

-

-

-

-

-

Current portion of long-term debt

86

85

84

-

-

227

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,839

4,064

3,802

-

-

-

-

-

-

-

-

1,388

-

-

Line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

642

2,086

1,142

-

2,475

2,084

Current portion of long-term debt

-

-

-

83

82

-

225

223

222

221

2,374

2,526

2,673

1,807

1,845

2,011

848

1,195

1,312

1,302

1,293

1,283

1,274

1,265

1,228

1,228

1,229

1,282

1,180

1,165

1,149

1,141

722

712

638

615

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current liabilities

7,270

5,202

6,567

6,781

6,001

5,765

5,208

4,850

4,663

5,049

9,354

10,204

8,694

7,056

7,714

6,252

6,842

7,338

8,040

7,896

8,181

6,503

8,840

9,069

8,833

7,268

4,509

5,324

6,930

5,959

7,484

10,343

6,852

4,570

5,815

6,166

Long-term liabilities
Long-term portion of operating lease liabilities

25

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred taxes

-

-

-

-

-

-

-

-

-

-

0

0

0

737

793

835

846

846

1,021

1,121

1,141

1,141

1,107

1,032

952

952

825

825

897

897

901

927

-

810

739

568

Long-term liabilities of discontinued operations

-

-

-

-

-

-

0

0

587

590

0

0

0

585

618

-

-

715

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

803

-

-

-

Long-term debt, excluding current portion

2,328

2,350

2,372

2,393

2,415

2,523

2,580

2,636

2,693

2,748

268

304

339

1,387

1,530

2,322

3,696

3,910

4,960

5,292

5,622

5,949

6,273

6,595

5,944

6,251

6,557

6,860

7,013

7,300

7,589

7,866

5,570

5,743

5,976

6,452

Total liabilities

9,624

7,553

8,939

9,175

8,416

8,288

7,789

7,487

7,945

8,388

9,623

10,508

9,034

9,766

10,656

9,411

11,386

12,811

14,022

14,310

14,945

13,594

16,222

16,696

15,729

14,473

11,892

13,010

14,841

14,157

15,975

19,136

13,227

11,124

12,530

13,187

Commitments and Contingencies

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

-

0

0

0

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

Stockholders’ equity:
Undesignated preferred stock - $0.01 par value. Authorized 500,000 shares in 2020 and 2019; issued 0 shares in 2020 and 2019.

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

-

-

-

Common stock – $0.01 par value. Authorized 9,500,000 shares in 2020 and 2019; issued 4,374,837 in 2020 and 4,321,087 in 2019

43

43

43

43

42

42

42

42

42

41

41

41

41

41

41

41

41

40

40

40

40

40

40

40

40

40

40

40

40

40

40

40

40

40

40

40

Additional paid-in capital

3,287

3,250

3,214

3,174

3,120

3,055

3,016

2,969

2,908

2,859

2,838

2,818

2,772

2,746

2,737

2,705

2,677

2,667

2,667

2,667

2,651

2,638

2,638

2,638

2,616

2,616

2,600

2,570

2,540

2,540

2,540

2,540

2,471

2,461

2,453

2,328

Retained earnings

8,110

8,547

8,715

9,004

9,360

9,966

11,354

12,121

12,787

13,353

14,236

14,213

14,740

14,990

15,548

15,836

15,893

15,812

15,974

16,769

16,538

16,572

16,190

15,632

15,378

15,637

15,850

15,824

15,309

14,490

14,337

13,358

12,422

12,229

12,047

11,221

Accumulated other comprehensive loss

-

-

-

-

-

-

0

0

-263

-257

-241

-307

-291

-302

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Treasury stock, at cost (29,359 in 2020 and 18,842 in 2019 shares)

66

47

45

38

38

27

27

27

27

6

6

6

5

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total stockholders’ equity

11,374

11,793

11,928

12,183

12,485

13,037

14,385

15,105

15,446

15,991

16,868

16,760

17,257

17,476

18,326

18,583

18,612

18,519

18,681

19,477

19,230

19,251

18,869

18,311

18,035

18,294

18,491

18,434

17,890

17,071

16,918

15,939

14,934

14,730

14,541

13,590

Total liabilities and stockholders’ equity

20,999

19,346

20,867

21,359

20,902

21,325

22,175

22,593

23,391

24,379

26,491

27,268

26,292

27,242

28,983

27,995

29,998

31,331

32,704

33,788

34,176

32,846

35,091

35,008

33,765

32,767

30,384

31,445

32,731

31,228

32,894

35,075

28,161

25,855

27,072

26,777