Portsmouth Square Inc (PRSI) Financial Statements (2024 and earlier)

Company Profile

Business Address 11620 WILSHIRE BOULEVARD
LOS ANGELES, CA 90025
State of Incorp. CA
Fiscal Year End June 30
Industry (SIC) 6552 - Land Subdividers and Developers, Except Cemeteries (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

12/31/2023
MRQ
6/30/2023
6/30/2022
6/30/2021
6/30/2020
6/30/2019
6/30/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,6543,0734,1314,7109,7897,623
Cash and cash equivalents2,2952,6622,3104,7109,7897,623
Short-term investments3594111,821   
Restricted cash and investments   2,31016,385  
Receivables 420392(17)(25)  
Inventory, net of allowances, customer advances and progress billings 272737376159
Inventory 272737376159
Total current assets:3,1013,4926,46121,1079,8507,682
Noncurrent Assets
Deferred income tax assets  7,9118,0555,974
Total noncurrent assets:  7,9118,0555,974  
Other undisclosed assets37,99938,39638,03530,47352,70452,725
TOTAL ASSETS:41,10049,79952,55157,55462,55460,407
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt2,954 2,000   
Total current liabilities:2,954 2,000   
Noncurrent Liabilities
Liabilities, other than long-term debt    1,151  
Investment program, proportional amortization method, elected, commitment    1,151  
Total noncurrent liabilities:    1,151  
Other undisclosed liabilities141,781140,231134,074133,944136,872137,489
Total liabilities:144,735140,231136,074135,095136,872137,489
Equity
Equity, attributable to parent(103,635)(90,432)(82,868)(71,717)(68,784)(71,383)
Common stock2,0922,0922,0922,0922,0922,092
Accumulated deficit(105,727)(92,524)(84,960)(73,809)(70,876)(73,475)
Equity, attributable to noncontrolling interest   (655)(5,824)(5,534)(5,699)
Total equity:(103,635)(90,432)(83,523)(77,541)(74,318)(77,082)
TOTAL LIABILITIES AND EQUITY:41,10049,79952,55157,55462,55460,407

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

12/31/2023
TTM
6/30/2023
6/30/2022
6/30/2021
6/30/2020
6/30/2019
6/30/2018
Revenues42,02731,53414,66842,83959,88157,099
Cost of revenue(75,215)(59,371)(17,911)(37,333)(44,466)(40,103)
Cost of goods and services sold(34,457)(27,451)(17,911)(37,333)(44,466)(40,103)
Gross profit:(33,188)(27,837)(3,243)5,50615,41516,996
Operating expenses36,25028,581  (3,075)(3,422)
Other undisclosed operating income (loss)  (2,875)(2,939) 5,775
Operating income (loss):3,062744(6,118)2,56712,34019,349
Nonoperating expense(8,353)(7,167)(1,314)(7,724)(8,470)(8,903)
Interest and debt expense(1,725)(142)4,719(361)(7,634)(7,806)
Income (loss) from continuing operations before equity method investments, income taxes:(7,016)(6,565)(2,713)(5,518)(3,764)2,640
Other undisclosed income (loss) from continuing operations before income taxes1,725142(4,719)3617,6347,806
Income (loss) from continuing operations before income taxes:(5,291)(6,423)(7,432)(5,157)3,87010,446
Income tax expense (benefit)(7,912)(142)2,1461,934(956)(5,986)
Income (loss) from continuing operations:(13,203)(6,565)(5,286)(3,223)2,9144,460
Income (loss) before gain (loss) on sale of properties:(6,565)(5,286)(3,223)2,9144,460
Net income (loss):(13,203)(6,565)(5,286)(3,223)2,9144,460
Net income (loss) attributable to noncontrolling interest   58290(315)(815)
Net income (loss) available to common stockholders, diluted:(13,203)(6,565)(5,228)(2,933)2,5993,645

Comprehensive Income ($ in thousands)

12/31/2023
TTM
6/30/2023
6/30/2022
6/30/2021
6/30/2020
6/30/2019
6/30/2018
Net income (loss):(13,203)(6,565)(5,286)(3,223)2,9144,460
Comprehensive income (loss):(13,203)(6,565)(5,286)(3,223)2,9144,460
Comprehensive income (loss), net of tax, attributable to noncontrolling interest   58290(315)(815)
Comprehensive income (loss), net of tax, attributable to parent:(13,203)(6,565)(5,228)(2,933)2,5993,645

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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