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:12,91420,11721,7979,70020,28325,63127,874
Cash and cash equivalents12,91420,11721,7974,47811,5655,5764,697
Short-term investments   5,1898,71820,05523,176
Other undisclosed cash, cash equivalents, and short-term investments   33   
Receivables17,2171,5322,7121,2411,067879181
Inventory, net of allowances, customer advances and progress billings   11,6135,195  
Inventory   11,6135,195  
Prepaid expense  1,0011,0171,373503351
Disposal group, including discontinued operation     111680
Other undisclosed current assets1,31917,066481(33)   
Total current assets:31,45038,71525,99123,53827,91827,12429,086
Noncurrent Assets
Operating lease, right-of-use asset102122196 
Nontrade receivables   141   
Property, plant and equipment3,01657,09055,08750,27036,72234,57628,322
Long-term investments and receivables  1,0799881,0979647,654
Long-term investments    1901886,853
Due from related parties  1,079988906776800
Disposal group, including discontinued operation, noncurrent assets     451 
Other noncurrent assets2,5692,5912,0431,945778424472
Other undisclosed noncurrent assets79,21418,6595,3666,8385,3926,2485,346
Total noncurrent assets:84,90178,46263,77060,18443,98842,66341,794
TOTAL ASSETS:116,351117,17789,76183,72171,90769,78870,880
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,8737,1741,5713,5991,637873409
Accounts payable2,0191,787180171788492160
Accrued liabilities6691,2241,3913,428850381243
Taxes payable1,1854,163    6
Deferred revenue2,8311,9951,6353,992
Debt7      
Deferred lease income2714101,80070656
Due to related parties2,0492,881     
Disposal group, including discontinued operation     114
Deferred revenue and credits5656
Contract with customer, liability361
Other undisclosed current liabilities  1,212   13
Total current liabilities:9,03112,4606,2198,2972,054940482
Noncurrent Liabilities
Long-term debt and lease obligation1,00837120    
Long-term debt, excluding current maturities993      
Operating lease, liability1537120 
Liabilities, other than long-term debt1,6211,6151,051361601,0001,055
Deferred revenue and credits1,0001,055
Deferred revenue  165361
Contract with customer, liability60
Deferred income tax liabilities1,6211,615886 
Other undisclosed noncurrent liabilities325325328332339342344
Total noncurrent liabilities:2,9541,9771,4996933991,3411,399
Total liabilities:11,98514,4377,7178,9902,4532,2811,882
Stockholders' equity
Stockholders' equity attributable to parent, including:104,366102,74082,04474,73169,45367,50668,998
Preferred stock  00000
Additional paid in capital173,625173,513172,927172,360171,831171,431171,198
Accumulated other comprehensive income (loss)   466(11)3
Accumulated deficit(69,339)(70,853)(90,963)(97,713)(102,524)(103,994)(102,283)
Other undisclosed stockholders' equity attributable to parent80808079797979
Other undisclosed stockholders' equity   (0)   
Total stockholders' equity:104,366102,74082,04474,73169,45367,50668,998
TOTAL LIABILITIES AND EQUITY:116,351117,17789,76183,72171,90769,78870,880

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
Revenues16,53017,12525,85520,3626,9591,228452
Revenue, net825221
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:11,49110,7237,5446,4182,798424(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):5,7975,2691,5132,999(309)(2,131)(2,180)
Nonoperating income2,0566191,130529441247245
Investment income, nonoperating2,0155791,095503449257241
Other undisclosed income from continuing operations before equity method investments, income taxes19,99220,7026,276  173624
Income (loss) from continuing operations before equity method investments, income taxes:27,84526,5908,9193,528133(1,711)(1,311)
Loss from equity method investments    (10)  
Other undisclosed income from continuing operations before income taxes355      
Income (loss) from continuing operations before income taxes:28,20026,5908,9193,528122(1,711)(1,311)
Income tax expense (benefit)(6,876)(6,480)(2,169)1,283282  
Other undisclosed loss from continuing operations    (272)  
Net income (loss):21,32420,1106,7504,811133(1,711)(1,311)
Other undisclosed net income attributable to parent    282  
Net income (loss) available to common stockholders, diluted:21,32420,1106,7504,811415(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):21,32420,1106,7504,811133(1,711)(1,311)
Comprehensive income (loss):21,32420,1106,7504,811133(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:21,32420,1106,7464,749492(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.

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