Pure Cycle Corporation (PCYO) Financial Statements (2023 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)
| 11/30/2021 TTM | 8/31/2021 | 8/31/2020 | 8/31/2019 | 8/31/2018 | 8/31/2017 | 8/31/2016 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments, including: | 12,914 | 20,117 | 21,797 | 9,700 | 20,283 | 25,631 | 27,874 | ||
| Cash and cash equivalents | 12,914 | 20,117 | 21,797 | 4,478 | 11,565 | 5,576 | 4,697 | ||
| Short-term investments | 5,189 | 8,718 | 20,055 | 23,176 | |||||
| Other undisclosed cash, cash equivalents, and short-term investments | 33 | ||||||||
| Receivables | 17,217 | 1,532 | 2,712 | 1,241 | 1,067 | 879 | 181 | ||
| Inventory, net of allowances, customer advances and progress billings | 11,613 | 5,195 | |||||||
| Inventory | 11,613 | 5,195 | |||||||
| Prepaid expense | 1,001 | 1,017 | 1,373 | 503 | 351 | ||||
| Disposal group, including discontinued operation | 111 | 680 | |||||||
| Other undisclosed current assets | 1,319 | 17,066 | 481 | (33) | |||||
| Total current assets: | 31,450 | 38,715 | 25,991 | 23,538 | 27,918 | 27,124 | 29,086 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 102 | 122 | 196 | ✕ | ✕ | ✕ | |||
| Nontrade receivables | 141 | ||||||||
| Property, plant and equipment | 3,016 | 57,090 | 55,087 | 50,270 | 36,722 | 34,576 | 28,322 | ||
| Long-term investments and receivables | 1,079 | 988 | 1,097 | 964 | 7,654 | ||||
| Long-term investments | 190 | 188 | 6,853 | ||||||
| Due from related parties | 1,079 | 988 | 906 | 776 | 800 | ||||
| Disposal group, including discontinued operation, noncurrent assets | 451 | ||||||||
| Other noncurrent assets | 2,569 | 2,591 | 2,043 | 1,945 | 778 | 424 | 472 | ||
| Other undisclosed noncurrent assets | 79,214 | 18,659 | 5,366 | 6,838 | 5,392 | 6,248 | 5,346 | ||
| Total noncurrent assets: | 84,901 | 78,462 | 63,770 | 60,184 | 43,988 | 42,663 | 41,794 | ||
| TOTAL ASSETS: | 116,351 | 117,177 | 89,761 | 83,721 | 71,907 | 69,788 | 70,880 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 3,873 | 7,174 | 1,571 | 3,599 | 1,637 | 873 | 409 | ||
| Accounts payable | 2,019 | 1,787 | 180 | 171 | 788 | 492 | 160 | ||
| Accrued liabilities | 669 | 1,224 | 1,391 | 3,428 | 850 | 381 | 243 | ||
| Taxes payable | 1,185 | 4,163 | 6 | ||||||
| Deferred revenue | 2,831 | 1,995 | 1,635 | 3,992 | ✕ | ✕ | ✕ | ||
| Debt | 7 | ||||||||
| Deferred lease income | 271 | 410 | 1,800 | 706 | 56 | ✕ | ✕ | ||
| Due to related parties | 2,049 | 2,881 | |||||||
| Disposal group, including discontinued operation | 11 | 4 | |||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | 56 | 56 | ||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | 361 | ✕ | ✕ | ||
| Other undisclosed current liabilities | 1,212 | 13 | |||||||
| Total current liabilities: | 9,031 | 12,460 | 6,219 | 8,297 | 2,054 | 940 | 482 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,008 | 37 | 120 | ||||||
| Long-term debt, excluding current maturities | 993 | ||||||||
| Operating lease, liability | 15 | 37 | 120 | ✕ | ✕ | ✕ | |||
| Liabilities, other than long-term debt | 1,621 | 1,615 | 1,051 | 361 | 60 | 1,000 | 1,055 | ||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | 1,000 | 1,055 | ||
| Deferred revenue | 165 | 361 | ✕ | ✕ | ✕ | ||||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | 60 | ✕ | ✕ | ||
| Deferred income tax liabilities | 1,621 | 1,615 | 886 | ✕ | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | 325 | 325 | 328 | 332 | 339 | 342 | 344 | ||
| Total noncurrent liabilities: | 2,954 | 1,977 | 1,499 | 693 | 399 | 1,341 | 1,399 | ||
| Total liabilities: | 11,985 | 14,437 | 7,717 | 8,990 | 2,453 | 2,281 | 1,882 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 104,366 | 102,740 | 82,044 | 74,731 | 69,453 | 67,506 | 68,998 | ||
| Preferred stock | 0 | 0 | 0 | 0 | 0 | ||||
| Additional paid in capital | 173,625 | 173,513 | 172,927 | 172,360 | 171,831 | 171,431 | 171,198 | ||
| Accumulated other comprehensive income (loss) | 4 | 66 | (11) | 3 | |||||
| Accumulated deficit | (69,339) | (70,853) | (90,963) | (97,713) | (102,524) | (103,994) | (102,283) | ||
| Other undisclosed stockholders' equity attributable to parent | 80 | 80 | 80 | 79 | 79 | 79 | 79 | ||
| Other undisclosed stockholders' equity | (0) | ||||||||
| Total stockholders' equity: | 104,366 | 102,740 | 82,044 | 74,731 | 69,453 | 67,506 | 68,998 | ||
| TOTAL LIABILITIES AND EQUITY: | 116,351 | 117,177 | 89,761 | 83,721 | 71,907 | 69,788 | 70,880 | ||
Income Statement (P&L) ($ in thousands)
| 11/30/2021 TTM | 8/31/2021 | 8/31/2020 | 8/31/2019 | 8/31/2018 | 8/31/2017 | 8/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 16,530 | 17,125 | 25,855 | 20,362 | 6,959 | 1,228 | 452 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | 825 | 221 | |
| Cost of revenue | (5,039) | (6,402) | (18,311) | (13,944) | (4,162) | (803) | (529) | |
| Cost of goods and services sold | (1,446) | (1,457) | (1,367) | (968) | (651) | (713) | (431) | |
| Gross profit: | 11,491 | 10,723 | 7,544 | 6,418 | 2,798 | 424 | (77) | |
| Operating expenses | (5,694) | (5,454) | (6,031) | (3,419) | (3,106) | (2,556) | (2,103) | |
| Other undisclosed operating income | 0 | |||||||
| Operating income (loss): | 5,797 | 5,269 | 1,513 | 2,999 | (309) | (2,131) | (2,180) | |
| Nonoperating income | 2,056 | 619 | 1,130 | 529 | 441 | 247 | 245 | |
| Investment income, nonoperating | 2,015 | 579 | 1,095 | 503 | 449 | 257 | 241 | |
| Other undisclosed income from continuing operations before equity method investments, income taxes | 19,992 | 20,702 | 6,276 | 173 | 624 | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | 27,845 | 26,590 | 8,919 | 3,528 | 133 | (1,711) | (1,311) | |
| Loss from equity method investments | (10) | |||||||
| Other undisclosed income from continuing operations before income taxes | 355 | |||||||
| Income (loss) from continuing operations before income taxes: | 28,200 | 26,590 | 8,919 | 3,528 | 122 | (1,711) | (1,311) | |
| Income tax expense (benefit) | (6,876) | (6,480) | (2,169) | 1,283 | 282 | |||
| Other undisclosed loss from continuing operations | (272) | |||||||
| Net income (loss): | 21,324 | 20,110 | 6,750 | 4,811 | 133 | (1,711) | (1,311) | |
| Other undisclosed net income attributable to parent | 282 | |||||||
| Net income (loss) available to common stockholders, diluted: | 21,324 | 20,110 | 6,750 | 4,811 | 415 | (1,711) | (1,311) | |
Comprehensive Income ($ in thousands)
| 11/30/2021 TTM | 8/31/2021 | 8/31/2020 | 8/31/2019 | 8/31/2018 | 8/31/2017 | 8/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 21,324 | 20,110 | 6,750 | 4,811 | 133 | (1,711) | (1,311) | |
| Comprehensive income (loss): | 21,324 | 20,110 | 6,750 | 4,811 | 133 | (1,711) | (1,311) | |
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (4) | (63) | 360 | (14) | 3 | |||
| Comprehensive income (loss), net of tax, attributable to parent: | 21,324 | 20,110 | 6,746 | 4,749 | 492 | (1,725) | (1,307) | |
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.