Pershing Gold Corporation (PGLC) financial statements (2023 and earlier)

Company profile

Business Address 1658 COLE BOULEVARD
LAKEWOOD, CO 80401
State of Incorp. NV
Fiscal Year End December 31
SIC 104 - Gold And Silver Ores (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
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments99612,85911,7223,23715,1487,7433,218
Cash and cash equivalents99612,85911,7223,23715,1487,7433,218
Restricted cash and investments  2,2502,2502,2502,250 
Receivables     1777
Prepaid expense6541,0071,140899799582
Deposits current assets2328     
Prepaid expense and other current assets503
Other undisclosed current assets   70   
Total current assets:1,67313,89415,1126,45718,19610,5933,798
Noncurrent Assets
Property, plant and equipment2,6073,3034,3115,3226,3986,4517,387
Deposits noncurrent assets  44 44
Restricted cash and investments3,6903,690     
Other noncurrent assets3910    
Other undisclosed noncurrent assets24,02422,85422,81222,81216,81216,81221,432
Total noncurrent assets:30,36029,85727,12728,13823,21023,26628,823
TOTAL ASSETS:32,03343,75142,23934,59441,40733,85932,621
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,0001,6512,150538714625778
Other undisclosed accounts payable and accrued liabilities1,0001,6512,150538714625778
Debt1,924  172423(23)
Deferred rent credit3
Due to related parties    17  
Deferred revenue and credits575   
Customer advances and deposits2   
Other undisclosed current liabilities    (17) 532
Total current liabilities:2,9271,6582,1575617396481,288
Noncurrent Liabilities
Long-term debt and lease obligation    173660
Long-term debt, excluding current maturities    173660
Liabilities, other than long-term debt1,224963901794799  
Customer advances or deposits 2    
Deferred revenue and credits 511   
Deferred rent credit8
Asset retirement obligations1,215963895784799  
Total noncurrent liabilities:1,2249639017948163660
Total liabilities:4,1502,6213,0581,3551,5556841,347
Stockholders' equity
Stockholders' equity attributable to parent, including:27,88241,12939,18033,23939,85233,17531,274
Common stock3332362827
Treasury stock, value     (44) 
Additional paid in capital212,768211,817195,705170,530157,985133,201113,052
Accumulated deficit(184,889)(170,691)(156,528)(137,293)(118,169) (14,902)
Other undisclosed stockholders' equity attributable to parent00000(100,010)(66,903)
Total stockholders' equity:27,88241,12939,18033,23939,85233,17531,274
TOTAL LIABILITIES AND EQUITY:32,03343,75142,23934,59441,40733,85932,621

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

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues2810310 930
Net investment income28 310  
Financial services revenue     930
Other income 10  
Cost of revenue(9,026)(8,436)(11,541)(14,432)(12,097)(11,861)(27,275)
Cost of goods and services sold(3,197)(1,220)(4,793)(8,619)(5,895)(3,205)(5,221)
Gross profit:(8,999)(8,427)(11,538)(14,432)(12,097)(11,861)(26,345)
Operating expenses(5,033)(4,288)(4,092)(4,689)(4,362)(3,830)(4,179)
Other undisclosed operating loss(28)(10)(3)(1)(0) (930)
Operating loss:(14,059)(12,724)(15,633)(19,121)(16,459)(15,691)(31,454)
Nonoperating income (expense)(139)(370)(3)(3)(4)1,587(17,598)
Other nonoperating expense(75)     (50)
Interest and debt expense  (0) (4) 6,639
Loss from continuing operations before equity method investments, income taxes:(14,198)(13,095)(15,636)(19,124)(16,467)(14,103)(42,414)
Loss from equity method investments      (83)
Other undisclosed income (loss) from continuing operations before income taxes  0 4 (6,556)
Loss from continuing operations:(14,198)(13,095)(15,636)(19,124)(16,463)(14,103)(49,053)
Loss from discontinued operations      (50)
Net loss:(14,198)(13,095)(15,636)(19,124)(16,463)(14,103)(49,103)
Net loss attributable to noncontrolling interest      (1)
Net loss attributable to parent:(14,198)(13,095)(15,636)(19,124)(16,463)(14,103)(49,104)
Preferred stock dividends and other adjustments (1,069)(3,600) (1,696)(4,102)(2,724)
Net loss available to common stockholders, diluted:(14,198)(14,163)(19,235)(19,124)(18,159)(18,205)(51,828)

Comprehensive Income ($ in thousands)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net loss:(14,198)(13,095)(15,636)(19,124)(16,463)(14,103)(49,103)
Comprehensive loss:(14,198)(13,095)(15,636)(19,124)(16,463)(14,103)(49,103)
Comprehensive income, net of tax, attributable to noncontrolling interest      1
Comprehensive loss, net of tax, attributable to parent:(14,198)(13,095)(15,636)(19,124)(16,463)(14,103)(49,102)

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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