FutureFuel Corp
For the period ended Dec 31, 2023. Filed Mar 14, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Mar 14, 2024
FF$3.12-38.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Income and Comprehensive Income
(Dollars in thousands, except per share amounts)
| 2023 | 2022 | 2021 | |
|---|---|---|---|
| Revenue | $368,228 | $395,555 | $320,125 |
| Revenue – related parties | 22 | 459 | 1,261 |
| Cost of goods sold | 324,311 | 357,182 | 274,293 |
| Cost of goods sold – related parties | (315) | 5,425 | 16,593 |
| Distribution | 3,099 | 4,240 | 6,787 |
| Distribution – related parties | 176 | 174 | 176 |
| Gross profit | 40,979 | 28,993 | 23,537 |
| Selling, general, and administrative expenses | |||
| Compensation expense | 4,545 | 3,540 | 2,586 |
| Other expense | 4,052 | 3,881 | 3,920 |
| Related party expense | 616 | 611 | 649 |
| Research and development expenses | 4,398 | 3,415 | 3,484 |
| Total operating expenses | 13,611 | 11,447 | 10,639 |
| Income from operations | 27,368 | 17,546 | 12,898 |
| Interest and dividend income | 9,577 | 4,870 | 3,119 |
| Interest expense | (138) | (128) | (131) |
| Gain (loss) on marketable securities | 575 | (8,546) | (70) |
| Other income (expense) | 1 | (4) | 114 |
| Other income (expense) | 10,015 | (3,808) | 3,032 |
| Income before income taxes | 37,383 | 13,738 | 15,930 |
| Income tax provision (benefit) | 1 | (1,473) | (10,325) |
| Net income | $37,382 | $15,211 | $26,255 |
| Earnings per common share | |||
| Basic | $0.85 | $0.35 | $0.60 |
| Diluted | $0.85 | $0.35 | $0.60 |
| Weighted average shares outstanding | |||
| Basic | 43,763,243 | 43,763,243 | 43,756,065 |
| Diluted | 43,764,683 | 43,763,489 | 43,756,113 |
| 2023 | 2022 | 2021 | |
|---|---|---|---|
| Comprehensive income | |||
| Net income | $37,382 | $15,211 | $26,255 |
| Other comprehensive income (loss) from unrealized net losses on available-for- sale debt securities | 2 | (227) | (38) |
| Income tax effect | (1) | 48 | 8 |
| Total unrealized gain (loss), net of tax | 1 | (179) | (30) |
| Comprehensive income | $37,383 | $15,032 | $26,225 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.