REX AMERICAN RESOURCES Corp
For the period ended Jul 31, 2024. Filed Aug 30, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jul 31, 2024 · Filed Aug 30, 2024
REX$39.82-1.6%Stored close · as of Nov 10, 2026
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Consolidated Statements of Cash Flows
| (In Thousands) | Six Months Ended | ||
|---|---|---|---|
| July 31, | |||
| 2024 · 2023 | |||
| Cash flows from operating activities: | |||
| Net income including noncontrolling interests | $27,280 | $18,984 | |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation | 8,824 | 8,915 | |
| Amortization of operating lease right-of-use assets | 3,153 | 2,671 | |
| Income from equity method investments | (3,465) | (4,537) | |
| Interest income from investments | (3,292) | (3,967) | |
| Deferred income tax | 5,495 | 3,947 | |
| Stock based compensation expense | 1,772 | 3,892 | |
| Loss on disposal of property and equipment – net | 78 | 205 | |
| Changes in assets and liabilities: | |||
| Accounts receivable | (1,077) | (6,836) | |
| Inventories | (2,178) | 2,784 | |
| Refundable income taxes | 456 | (2,692) | |
| Other assets | (12,344) | (7,162) | |
| Accounts payable, trade | (14,009) | (12,595) | |
| Other liabilities | (4,985) | 3,019 | |
| Net cash provided by operating activities | 5,708 | 6,628 | |
| Cash flows from investing activities: | |||
| Capital expenditures | (40,219) | (8,173) | |
| Purchase of short-term investments | (156,125) | (194,400) | |
| Maturity of short-term investments | 229,735 | 227,490 | |
| Proceeds from sale of real estate and property and equipment | 178 | 10 | |
| Deposits | 203 | (20) | |
| Net cash provided by investing activities | 33,772 | 24,907 | |
| Cash flows from financing activities: | |||
| Payments to noncontrolling interests holders | (1,837) | (716) | |
| Net cash used in financing activities | (1,837) | (716) | |
| Net increase in cash and cash equivalents | 37,643 | 30,819 | |
| Cash and cash equivalents, beginning of period | 223,397 | 71,347 | |
| Cash and cash equivalents, end of period | $261,040 | $102,166 | |
| Non cash investing activities – Accrued capital expenditures | $4,573 | $1,029 | |
| Non cash investing activities – Capital additions transferred from prepaid expenses | $188 | $ | - |
| Non cash financing activities – Stock awards accrued | $798 | $570 | |
| Non cash financing activities – Stock awards issued | $2,172 | $965 | |
| Right-of-use assets acquired and liabilities incurred upon lease execution | $3,335 | $312 | |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.