Pernix Group Inc (PRXG) financial statements (2022 and earlier)

Company profile

Business Address 860 PARKVIEW BLVD
LOMBARD, IL 60148
State of Incorp.
Fiscal Year End December 31
SIC 152 - General Building Contractors-residential (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments18,79311,16919,95721,407
Cash and cash equivalents18,79311,16919,95721,407
Receivables 7,01418,1217,912
Inventory, net of allowances, customer advances and progress billings  1,6263,646
Inventory  1,6263,646
Prepaid expense1,4541,7191,067
Prepaid expense and other current assets726
Deferred tax assets   1,033
Other undisclosed current assets67,58010,313(8,841)(1,190)
Total current assets:87,82730,21531,92933,534
Noncurrent Assets
Property, plant and equipment4,0701,6781,28324
Intangible assets, net (including goodwill)26,29082221
Goodwill19,141   
Intangible assets, net (excluding goodwill)7,14982 221
Other noncurrent assets68958261
Prepaid expense and other noncurrent assets91
Deferred tax assets, net553  3,851
Other undisclosed noncurrent assets  158 
Total noncurrent assets:31,6011,8181,7024,187
TOTAL ASSETS:119,42832,03333,63137,722
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:37,75812,89013,2258,906
Accrued liabilities   8,702
Employee-related liabilities 959  
Interest and dividends payable 241  
Accounts payable and other accrued liabilities 204
Other undisclosed accounts payable and accrued liabilities37,75811,69013,225 
Debt5,090  19
Due to related parties   1,060
Billings in excess of cost6,3993,7888,4078,917
Other liabilities7,771667  
Other undisclosed current liabilities29,7952,4987461,431
Total current liabilities:86,81319,84322,37920,333
Noncurrent Liabilities
Long-term debt and lease obligation8,745   
Long-term debt, excluding current maturities8,745   
Liabilities, other than long-term debt1,252  1,350
Accounts payable and accrued liabilities699   
Deferred tax liabilities, net553   
Due to related parties   1,350
Total noncurrent liabilities:9,996  1,350
Total liabilities:96,80919,84322,37921,683
Stockholders' equity
Stockholders' equity attributable to parent, including:20,11210,206 10,195
Preferred stock   2
Common stock9494 94
Additional paid in capital45,14816,137 9,149
Accumulated other comprehensive income (loss)(583)(456) 12
Retained earnings (accumulated deficit)(24,586)(5,582) 939
Other undisclosed stockholders' equity attributable to parent4012  
Stockholders' equity attributable to noncontrolling interest2,5071,985 5,843
Other undisclosed stockholders' equity  11,252 
Total stockholders' equity:22,61912,19111,25216,038
Other undisclosed liabilities and equity   (11)
TOTAL LIABILITIES AND EQUITY:119,42832,03333,63137,711

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

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues195,49185,30173,762120,023
Revenue, net195,49185,30173,762120,023
Cost of revenue
(Cost of Goods and Services Sold)
(187,874)(71,400)(66,570)(105,188)
Gross profit:7,61813,9017,19214,836
Operating expenses(25,585)(9,999)(5,183)(6,138)
Operating income (loss):(17,967)3,9022,0098,698
Nonoperating income (expense)(171)(91)(83)510
Foreign currency transaction loss, before tax(29)(128)(17)(105)
Interest and debt expense73(3)318
Other undisclosed loss from continuing operations before equity method investments, income taxes(587)(4,709)(1,513) 
Income (loss) from continuing operations before equity method investments, income taxes:(18,652)(901)4179,227
Other undisclosed income (loss) from continuing operations before income taxes5144,7131,509(18)
Income (loss) from continuing operations before income taxes:(18,138)3,8111,9269,208
Income tax expense (benefit)(194)(482)(5,042)773
Income (loss) from continuing operations:(18,332)3,330(3,116)9,981
Loss from discontinued operations   (3,663)
Net income (loss):(18,332)3,330(3,116)6,318
Other undisclosed net loss attributable to parent(514)(4,713)(1,509)(5,822)
Net income (loss) attributable to parent:(18,846)(1,383)(4,625)496
Preferred stock dividends and other adjustments   (73)
Other undisclosed net loss available to common stockholders, basic(159)(457)(55) 
Net income (loss) available to common stockholders, basic:(19,005)(1,840)(4,680)422
Dilutive securities, effect on basic earnings per share   15
Net income (loss) available to common stockholders, diluted:(19,005)(1,840)(4,680)437

Comprehensive Income ($ in thousands)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):(18,332)3,330(3,116)6,318
Other comprehensive income (loss)(18,498)3,130  
Comprehensive income (loss):(36,830)6,459(3,116)6,318
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(476)(4,746)1,4815,876
Other undisclosed comprehensive income (loss), net of tax, attributable to parent18,332(3,330)(3,225)(11,240)
Comprehensive income (loss), net of tax, attributable to parent:(18,974)(1,616)(4,860)954

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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