Cadiz, Inc. (CDZI) financial statements (2022 and earlier)

Company profile

Business Address 550 SOUTH HOPE STREET
LOS ANGELES, CA 90071
State of Incorp. DE
Fiscal Year End December 31
SIC 4941 - Water Supply (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments10,9657,29015,68212,55813,03012,1722,690
Cash and cash equivalents10,9657,29015,68212,55813,03012,1722,690
Restricted cash and investments1,288      
Receivables2705549383639187
Other undisclosed current assets6916913864084113,391309
Total current assets:13,2148,03616,11713,00413,47715,6023,186
Noncurrent Assets
Operating lease, right-of-use asset3,281  
Property, plant and equipment78,89053,48149,94746,61945,26944,18244,474
Long-term investments and receivables9761,354729    
Long-term investments9761,354729    
Intangible assets, net (including goodwill)3,8133,8133,8133,8133,8133,8133,813
Goodwill3,8133,8133,8133,8133,8133,8133,813
Prepaid expense4203,0002,0002,000   
Restricted cash and investments7,603      
Deferred costs      626
Other noncurrent assets4,2964,6794,1183,8733,9463,5023,317
Total noncurrent assets:99,27966,32760,60756,30553,02851,49752,230
TOTAL ASSETS:112,49374,36376,72469,30966,50567,09955,416
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,3821,2224,7302,2952,6924,3921,974
Accounts payable286548194225411439309
Accrued liabilities8086744,5362,0702,2813,9531,665
Interest and dividends payable1,288      
Debt1075131591,40817048
Derivative instruments and hedges, liabilities 1,847 8652,387  
Other liabilities 1544923   
Other undisclosed current liabilities24     1
Total current liabilities:2,5133,1354,8054,1426,4874,5622,023
Noncurrent Liabilities
Long-term debt and lease obligation, including:46,47778,596137,565150,657137,044114,661108,218
Long-term debt, excluding current maturities46,47778,596137,565136,246123,768102,374108,218
Capital lease obligations14,41113,27612,287 
Operating lease, liability3,25717,18315,707
Other undisclosed long-term debt and lease obligation(3,257)(17,183)(15,707)    
Liabilities, other than long-term debt782750765 750750750
Deferred revenue and credits750750750
Deferred revenue750750750
Other liabilities32 15    
Other undisclosed noncurrent liabilities22,11217,18315,7077509231,443923
Total noncurrent liabilities:69,37196,529154,037151,407138,717116,854109,891
Total liabilities:71,88499,664158,842155,549145,204121,416111,914
Stockholders' equity
Stockholders' equity attributable to parent, including:40,609(25,301)(82,118)(86,240)(78,699)(54,317)(56,498)
Preferred stock11     
Common stock 368285247230218179
Additional paid in capital613,572513,744419,194383,521364,806355,336326,855
Accumulated deficit(573,400)(539,414)(501,597)(470,008)(443,735)(409,871)(383,532)
Other undisclosed stockholders' equity attributable to parent436      
Total stockholders' equity:40,609(25,301)(82,118)(86,240)(78,699)(54,317)(56,498)
TOTAL LIABILITIES AND EQUITY:112,49374,36376,72469,30966,50567,09955,416

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues564541441440437412304
Cost of revenue
(Cost of Goods and Services Sold)
      (334)
Gross profit:564541441440437412(30)
Operating expenses(18,076)(12,295)(12,430)(11,660)(13,077)(9,622)(13,979)
Operating loss:(17,512)(11,754)(11,989)(11,220)(12,640)(9,210)(14,009)
Nonoperating income 33226223  70
Investment income, nonoperating 33226223   
Other nonoperating income      70
Interest and debt expense(12,785)(23,920)(17,269)(15,270)(3,501)(2,250)(198)
Loss from continuing operations before equity method investments, income taxes:(30,297)(35,641)(29,032)(26,267)(16,141)(11,460)(14,137)
Loss from equity method investments(942)(2,169)(490)    
Other undisclosed loss from continuing operations before income taxes    (17,719)(14,875)(9,872)
Loss from continuing operations before income taxes:(31,239)(37,810)(29,522)(26,267)(33,860)(26,335)(24,009)
Income tax expense(10)(7)(6)(6)(4)(4)(4)
Net loss attributable to parent:(31,249)(37,817)(29,528)(26,273)(33,864)(26,339)(24,013)
Preferred stock dividends and other adjustments(2,737)      
Net loss available to common stockholders, diluted:(33,986)(37,817)(29,528)(26,273)(33,864)(26,339)(24,013)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(31,249)(37,817)(29,528)(26,273)(33,864)(26,339)(24,013)
Comprehensive loss, net of tax, attributable to parent:(31,249)(37,817)(29,528)(26,273)(33,864)(26,339)(24,013)

Statements sources

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