PureCycle Technologies, Inc. (PCT) Financial Statements (2024 and earlier)

Company Profile

Business Address 5950 HAZELTINE NATIONAL DRIVE, SUITE 300
ORLANDO, FL 32822
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 2821 - Plastics Materials, Synthetic Resins, and Nonvulcanizable Elastomers (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) (USD)

9/30/2023
MRQ
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments162,484,000200,782,000
Cash and cash equivalents63,892,00033,417,000
Short-term investments98,592,000167,365,000
Restricted cash and investments68,850,000141,855,000
Other undisclosed current assets4,883,0002,712,000
Total current assets:236,217,000345,349,000
Noncurrent Assets
Operating lease, right-of-use asset19,136,000 
Property, plant and equipment505,719,000225,214,000
Restricted cash and investments94,781,00088,586,000
Other undisclosed noncurrent assets5,483,0005,535,000
Total noncurrent assets:625,119,000319,335,000
TOTAL ASSETS:861,336,000664,684,000
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities36,769,00038,459,000
Interest and dividends payable1,532,000
Accounts payable1,667,0001,401,000
Accrued liabilities35,102,00035,526,000
Debt  
Other undisclosed current liabilities1,532,000 
Total current liabilities:38,301,00038,459,000
Noncurrent Liabilities
Long-term debt and lease obligation 233,513,000232,508,000
Long-term debt, excluding current maturities 233,513,000232,508,000
Liabilities, other than long-term debt22,756,0006,069,000
Deferred revenue5,000,0005,000,000
Other liabilities1,136,0001,069,000
Operating lease, liability16,620,000 
Other undisclosed noncurrent liabilities55,883,0006,113,000
Total noncurrent liabilities:312,152,000244,690,000
Total liabilities:350,453,000283,149,000
Equity
Equity, attributable to parent, including:510,883,000381,535,000
Common stock164,000 
Additional paid in capital753,885,000539,423,000
Accumulated other comprehensive loss(641,000)(237,000)
Accumulated deficit(242,525,000)(157,779,000)
Other undisclosed equity, attributable to parent  128,000
Total equity:510,883,000381,535,000
TOTAL LIABILITIES AND EQUITY:861,336,000664,684,000

Income Statement (P&L) (USD)

9/30/2023
TTM
12/31/2022
12/31/2021
Operating expenses(81,318,000)(69,580,000)
Operating loss:(81,318,000)(69,580,000)
Nonoperating income (expense)(3,428,000)(7,922,000)
Interest and debt expense 314,000
Loss from continuing operations before equity method investments, income taxes:(84,746,000)(77,188,000)
Other undisclosed loss from continuing operations before income taxes  (314,000)
Loss from continuing operations:(84,746,000)(77,502,000)
Loss before gain (loss) on sale of properties:(77,502,000)
Net loss:(84,746,000)(77,502,000)
Other undisclosed net income attributable to parent  
Net loss attributable to parent:(84,746,000)(77,502,000)
Preferred stock dividends and other adjustments  
Net loss available to common stockholders, basic:(84,746,000)(77,502,000)
Other undisclosed net loss available to common stockholders, diluted  
Net loss available to common stockholders, diluted:(84,746,000)(77,502,000)

Comprehensive Income (USD)

9/30/2023
TTM
12/31/2022
12/31/2021
Net loss:(84,746,000)(77,502,000)
Other comprehensive loss  (237,000)
Comprehensive loss:(84,746,000)(77,739,000)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(404,000) 
Comprehensive loss, net of tax, attributable to parent:(85,150,000)(77,739,000)

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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