Pure Cycle Corporation (PCYO) Financial Statements (2024 and earlier)

Company Profile

Business Address 34501 E. QUINCY AVE
WATKINS, CO 80137
State of Incorp. CO
Fiscal Year End August 31
Industry (SIC) 4941 - Water Supply (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

8/31/2023
11/30/2022
MRQ
8/31/2022
8/31/2021
8/31/2020
8/31/2019
8/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:16,84334,89420,11721,7979,70020,283
Cash and cash equivalents16,84334,89420,11721,7974,47811,565
Short-term investments     5,1898,718
Other undisclosed cash, cash equivalents, and short-term investments     33 
Receivables1,2402,4251,5322,7121,2411,067
Inventory, net of allowances, customer advances and progress billings     11,6135,195
Inventory     11,6135,195
Prepaid expense    1,0011,0171,373
Other undisclosed current assets15,42746717,066481(33) 
Total current assets:33,51037,78638,71525,99123,53827,918
Noncurrent Assets
Operating lease, right-of-use asset120138122196 
Nontrade receivables     141 
Property, plant and equipment2,4841,22457,09055,08750,27036,722
Long-term investments and receivables    1,0799881,097
Due from related parties   1,079988906
Long-term investments      190
Restricted cash and investments2,3282,328    
Other noncurrent assets2,4542,4632,5912,0431,945778
Other undisclosed noncurrent assets87,14185,29018,6595,3666,8385,392
Total noncurrent assets:94,52791,44378,46263,77060,18443,988
TOTAL ASSETS:128,037129,229117,17789,76183,72171,907
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,9596,7337,1741,5713,5991,637
Taxes payable2,5304,163   
Employee-related liabilities1,325    
Accounts payable1,0398491,787180171788
Accrued liabilities 9202,0291,2241,3913,428850
Deferred revenue3,8894,2751,9951,6353,992
Debt1010    
Due to related parties6535602,881   
Contract with customer, liability361
Deferred lease income4101,80070656
Other undisclosed current liabilities3,046(755) 1,212  
Total current liabilities:9,55710,82312,4606,2198,2972,054
Noncurrent Liabilities
Long-term debt and lease obligation3,9474,01237120  
Long-term debt, excluding current maturities3,9473,950    
Liabilities, other than long-term debt1,2851,0751,6151,05136160
Deferred revenue    165361
Contract with customer, liability60
Deferred income tax liabilities1,2411,0751,615886 
Operating lease, liability446237120 
Other undisclosed noncurrent liabilities  323325328332339
Total noncurrent liabilities:5,2325,4101,9771,499693399
Total liabilities:14,78916,23314,4377,7178,9902,453
Equity
Equity, attributable to parent, including:113,248112,996102,74082,04474,73169,453
Preferred stock    000
Additional paid in capital174,243174,150173,513172,927172,360171,831
Accumulated other comprehensive income     466
Accumulated deficit(61,075)(61,234)(70,853)(90,963)(97,713)(102,524)
Other undisclosed equity, attributable to parent808080807979
Other undisclosed equity     (0) 
Total equity:113,248112,996102,74082,04474,73169,453
TOTAL LIABILITIES AND EQUITY:128,037129,229117,17789,76183,72171,907

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

8/31/2023
11/30/2022
TTM
8/31/2022
8/31/2021
8/31/2020
8/31/2019
8/31/2018
Revenues20,07123,00317,12525,85520,3626,959
Cost of revenue(6,571)(6,629)(6,402)(18,311)(13,944)(4,162)
Cost of goods and services sold(1,764)(1,740)(1,457)(1,367)(968)(651)
Gross profit:13,50016,37410,7237,5446,4182,798
Operating expenses(6,372)(6,278)(5,454)(6,031)(3,419)(3,106)
Other undisclosed operating income     0 
Operating income (loss):7,12810,0965,2691,5132,999(309)
Nonoperating income2,1877626191,130529441
Investment income, nonoperating8876695791,095503449
Other nonoperating income (expense)1,30093403627(7)
Other undisclosed income from continuing operations before equity method investments, income taxes   20,7026,276  
Income from continuing operations before equity method investments, income taxes:9,31510,85826,5908,9193,528133
Loss from equity method investments      (10)
Other undisclosed income from continuing operations before income taxes1,6881,847    
Income from continuing operations before income taxes:11,00312,70526,5908,9193,528122
Income tax expense (benefit)(2,739)(3,086)(6,480)(2,169)1,283282
Other undisclosed loss from continuing operations      (272)
Income from continuing operations:8,2649,61920,1106,7504,811133
Income before gain (loss) on sale of properties:8,1059,61920,1106,7504,811133
Net income:8,2649,61920,1106,7504,811133
Other undisclosed net income attributable to parent      282
Net income available to common stockholders, diluted:8,2649,61920,1106,7504,811415

Comprehensive Income ($ in thousands)

8/31/2023
11/30/2022
TTM
8/31/2022
8/31/2021
8/31/2020
8/31/2019
8/31/2018
Net income:8,2649,61920,1106,7504,811133
Comprehensive income:8,2649,61920,1106,7504,811133
Other undisclosed comprehensive income (loss), net of tax, attributable to parent    (4)(63)360
Comprehensive income, net of tax, attributable to parent:8,2649,61920,1106,7464,749492

Statements Sources

The financial statements are based on the Company's filings with 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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