FutureFuel Corp.
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
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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.
FY2024 · Filed Mar 31, 2025
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Item 8. Financial Statements and Supplementary Data
| Item 8. | Financial Statements and Supplementary Data. |
|---|
Financials.
The following sets forth our consolidated balance sheets as at December 31, 2024 and 2023 and our consolidated statements of income and comprehensive income, statements of cash flows, and statements of changes in stockholders’ equity for each of the three years in the period ended December 31, 2024, together with Grant Thornton LLP’s report on the year ended December 31, 2024 and RSM US LLP's report on the year ended December 31, 2023 and 2022.
| Item | Page |
|---|---|
| Report of Independent Registered Public Accounting Firm (Grant Thornton LLP: PCAOB ID 248) | 47 |
| Report of Independent Registered Public Accounting Firm (RSM US LLP: PCAOB ID 49) | 48 |
| Consolidated Balance Sheets | 49 |
| Consolidated Statements of Income and Comprehensive Income | 50 |
| Consolidated Statements of Cash Flows | 51 |
| Consolidated Statements of Changes in Stockholders' Equity | 52 |
| Notes to Consolidated Financial Statements of FutureFuel Corp. | 53 |
| Note 1. Description of business and operations | 53 |
| Note 2. Significant accounting policies and basis of presentation | 53 |
| Note 3. Government tax credits | 59 |
| Note 4. Revenue Recognition | 60 |
| Note 5. Inventory | 62 |
| Note 6. Derivative instruments | 62 |
| Note 7. Marketable securities | 63 |
| Note 8. Fair value measurements | 63 |
| Note 9. Property, plant, and equipment | 64 |
| Note 10. Other assets | 64 |
| Note 11. Accrued expenses and other current liabilities | 64 |
| Note 12. Borrowings | 65 |
| Note 13. Asset retirement obligations and environmental reserves | 65 |
| Note 14. Lease commitments and purchase obligations | 66 |
| Note 15. Income tax benefit | 67 |
| Note 16. Earnings per share | 69 |
| Note 17. Stock-based compensation | 70 |
| Note 18. Stockholders' equity | 72 |
| Note 19. Employee benefit plans | 73 |
| Note 20. Related party transactions | 73 |
| Note 21. Segment information | 75 |
| Note 22. Legal proceedings | 76 |
| Note 23. Subsequent events | 76 |
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