PURE CYCLE CORP
For the period ended Aug 31, 2025. Filed Nov 12, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Nov 12, 2025
PCYO$10.94-1.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
| | | | | | | |
|---|---|---|---|---|---|---|
| · · Year Ended | ||||||
| (In thousands) · August 31, 2025 · August 31, 2024 | ||||||
| Cash flows from operating activities: · · | ||||||
| Net income | | $13,110 | | $11,613 | ||
| Adjustments to reconcile net income to net cash used by operating activities: | | | | | | |
| Trade accounts receivable | | 142 | | (380) | ||
| Depreciation and depletion | | | 2,297 | | | 2,100 |
| Share-based compensation expense | | 323 | | 436 | ||
| Net activity on notes receivable - related party, other | | | 54 | | | 230 |
| Net activity on note receivable - related party, reimbursable public improvements | | | (4,248) | | (15,230) | |
| Deferred income taxes | | 146 | | 43 | ||
| Other assets and liabilities | | (170) | | | 275 | |
| Prepaid expenses | | (474) | | (184) | ||
| Accounts payable and accrued liabilities | | 934 | | 973 | ||
| Taxes payable / receivable | | | (132) | | | 1,993 |
| Deferred revenue | | 1,182 | | | 443 | |
| Net cash provided by operating activities | | 13,164 | | 2,312 | ||
| Cash flows from investing activities: | | | | | | |
| Net purchase of property and equipment | | (861) | | (458) | ||
| Future land development activity | | | (852) | | | (2,156) |
| Single-family rentals activity | | | 494 | | | (291) |
| Water and wastewater infrastructure activity | | (8,612) | | (1,924) | ||
| Sale of land held for sale | | | 179 | | | — |
| Net cash used in investing activities | | (9,652) | | (4,829) | ||
| Cash flows from financing activities: | | | | | | |
| Payments on notes payable | | | (94) | | | (31) |
| Repurchases of common stock | | (397) | | (581) | ||
| Net cash used in financing activities | | (491) | | (612) | ||
| Net change in cash, cash equivalents and restricted cash | | 3,021 | | (3,129) | ||
| Cash, cash equivalents and restricted cash – beginning of period | | 25,358 | | 28,487 | ||
| Cash, cash equivalents and restricted cash – end of period | | $28,379 | | $25,358 | ||
| Cash and cash equivalents | | $21,931 | | $22,113 | ||
| Restricted cash | | | 6,448 | | | 3,245 |
| Total cash, cash equivalents and restricted cash | | $28,379 | | $25,358 | ||
| | | | | | | |
| SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION | ||||||
| Cash paid for income taxes | | $4,351 | | $2,056 | ||
| Cash paid for interest | | $413 | | $417 | ||
| SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES: | ||||||
| Change in reimbursable public improvements included in accounts payable and accrued liabilities | | $209 | | $1,232 | ||
| Change in investments in water and water systems included in accounts payable and accrued liabilities | | $1,141 | | $131 | ||
| Issuance of stock for compensation | | $201 | | $211 | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.