POWERCOMM HOLDINGS INC. (PCC) financial statements (2021 and earlier)

Company profile

Business Address 3429 RAMSGATE TERRACE
ALEXANDRIA, VA 22309
State of Incorp. DE
Fiscal Year End December 31
SIC 17 - Construction Special Trade Contractors (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments15471550
Cash and cash equivalents15471550
Receivables77140263
Prepaid expense183126109
Other current assets15  
Total current assets:1,1231,244222
Noncurrent Assets
Property, plant and equipment3,8371,114664
Regulated entity, other noncurrent assets11  
Other undisclosed noncurrent assets206  
Total noncurrent assets:4,0541,114664
TOTAL ASSETS:5,1772,358886
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities576643234
Accounts payable302132 
Accrued liabilities274270234
Taxes payable 241 
Debt516258720
Due to related parties54353
Other liabilities  29
Other undisclosed current liabilities80177 
Total current liabilities:1,1771,1211,036
Noncurrent Liabilities
Long-term debt and lease obligation2,330642300
Long-term debt, excluding current maturities2,330642300
Liabilities, other than long-term debt70040186
Deferred tax liabilities, net700401 
Other liabilities  86
Total noncurrent liabilities:3,0301,042387
Total liabilities:4,2072,1641,423
Stockholders' equity
Stockholders' equity attributable to parent, including:970194(537)
Common stock222
Additional paid in capital4614612
Retained earnings (accumulated deficit)507(269)(584)
Other undisclosed stockholders' equity attributable to parent(0)(0)43
Total stockholders' equity:970194(537)
TOTAL LIABILITIES AND EQUITY:5,1772,358886

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

12/31/2018
12/31/2017
12/31/2016
Revenues13,6227,4002,899
Revenue, net7,4002,899
Cost of revenue(10,975)(4,579)(1,958)
Gross profit:2,6472,821941
Operating expenses(1,714)(1,202)(1,482)
Other operating expense, net
(Other Nonrecurring (Income) Expense)
(64)(92) 
Other undisclosed operating income (loss)64(478) 
Operating income (loss):9331,048(541)
Interest and debt expense(108)(90)(42)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes44(2) 
Income (loss) from continuing operations before income taxes:868956(584)
Income tax expense(93)(641) 
Net income (loss) available to common stockholders, diluted:776315(584)

Comprehensive Income ($ in thousands)

12/31/2018
12/31/2017
12/31/2016
Net income (loss):776315(584)
Comprehensive income (loss), net of tax, attributable to parent:776315(584)

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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