Portsmouth Square Inc (PRSI) financial statements (2022 and earlier)

Company profile

Business Address 11620 WILSHIRE BOULEVARD
LOS ANGELES, CA 90025
State of Incorp. CA
Fiscal Year End June 30
SIC 6552 - Land Subdividers and Developers, Except Cemeteries (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,0774,1314,7109,7897,6235,9107,416
Cash and cash equivalents2882,3104,7109,7897,6232,0493,378
Short-term investments7891,821   3,8614,038
Restricted cash and investments 2,31016,385    
Receivables (17)(25)    
Inventory, net of allowances, customer advances and progress billings 3737615968248
Inventory 3737615968248
Total current assets:1,0776,46121,1079,8507,6825,9787,664
Noncurrent Assets
Deferred income tax assets9,2088,0555,974
Total noncurrent assets:9,2088,0555,974    
Other undisclosed assets40,18138,03530,47352,70452,72554,84856,146
TOTAL ASSETS:50,46652,55157,55462,55460,40760,82663,810
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 2,000     
Total current liabilities: 2,000     
Noncurrent Liabilities
Liabilities, other than long-term debt  1,151    
Qualified affordable housing project investments, commitment  1,151    
Total noncurrent liabilities:  1,151    
Other undisclosed liabilities137,268134,074133,944136,872137,489142,368145,747
Total liabilities:137,268136,074135,095136,872137,489142,368145,747
Stockholders' equity
Stockholders' equity attributable to parent(86,802)(82,868)(71,717)(68,784)(71,383)(75,028)(75,273)
Common stock2,0922,0922,0922,0922,0922,0922,092
Accumulated deficit(88,894)(84,960)(73,809)(70,876)(73,475)(77,120)(77,365)
Stockholders' equity attributable to noncontrolling interest (655)(5,824)(5,534)(5,699)(6,514)(6,664)
Total stockholders' equity:(86,802)(83,523)(77,541)(74,318)(77,082)(81,542)(81,937)
TOTAL LIABILITIES AND EQUITY:50,46652,55157,55462,55460,40760,82663,810

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

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Revenues21,28714,66842,83959,88157,09954,33458,566
Revenue, net 54,33458,566
Cost of revenue
(Cost of Goods and Services Sold)
(20,557)(17,911)(37,333)(44,466)(40,103)(41,031)(47,246)
Gross profit:730(3,243)5,50615,41516,99613,30311,320
Operating expenses   (3,075)(3,422)  
Other undisclosed operating income (loss)(3,105)(2,875)(2,939) 5,775(3,495)(8,963)
Operating income (loss):(2,375)(6,118)2,56712,34019,3499,8082,357
Nonoperating expense(560)(1,314)(7,724)(8,470)(8,903)(9,217)(10,253)
Interest and debt expense10,0644,719(361)(7,634)(7,806)(7,736)(7,790)
Income (loss) from continuing operations before equity method investments, income taxes:7,129(2,713)(5,518)(3,764)2,640(7,145)(15,686)
Loss from equity method investments(921)      
Other undisclosed income (loss) from continuing operations before income taxes(9,143)(4,719)3617,6347,8067,7367,790
Income (loss) from continuing operations before income taxes:(2,935)(7,432)(5,157)3,87010,446591(7,896)
Income tax expense (benefit)9732,1461,934(956)(5,986)(196)2,737
Net income (loss):(1,962)(5,286)(3,223)2,9144,460395(5,159)
Net income (loss) attributable to noncontrolling interest(465)58290(315)(815)(150)367
Net income (loss) available to common stockholders, diluted:(2,427)(5,228)(2,933)2,5993,645245(4,792)

Comprehensive Income ($ in thousands)

12/31/2021
TTM
6/30/2021
6/30/2020
6/30/2019
6/30/2018
6/30/2017
6/30/2016
Net income (loss):(1,962)(5,286)(3,223)2,9144,460395(5,159)
Comprehensive income (loss):(1,962)(5,286)(3,223)2,9144,460395(5,159)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(465)58290(315)(815)(150)367
Comprehensive income (loss), net of tax, attributable to parent:(2,427)(5,228)(2,933)2,5993,645245(4,792)

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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