MAYS J W INC
For the period ended Jul 31, 2024. Filed Oct 24, 2024.
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FY2024 · Filed Oct 24, 2024
MAYS$43.60+0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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EX-13 · CONSOLIDATED STATEMENTS OF CASH FLOWS
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Years Ended July 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash Flows From Operating Activities: | ||
| Net loss | $(406,568) | $(82,964) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Bad debt expense (recovery) | (22,861) | (85,410) |
| Provision (benefit) for deferred income tax | (137,000) | (62,000) |
| Net realized (gain) on sale of marketable securities | (124,907) | (130,009) |
| Net unrealized loss on marketable securities | — | 366,206 |
| Depreciation | 1,725,291 | 1,688,557 |
| Loss on asset disposal | 12,478 | — |
| Amortization of deferred charges | 502,829 | 452,781 |
| Operating lease expense in excess of cash payments | 844,717 | 1,106,403 |
| Deferred finance costs included in interest expense | 38,112 | 38,112 |
| Deferred charges | (832,714) | (88,841) |
| Changes in Operating Assets and Liabilities: | ||
| Receivables | (515,174) | (187,659) |
| Prepaids and other assets | (275,040) | (144,434) |
| Accounts payable and accrued expenses | 553,528 | (603,329) |
| Security deposits payable | 72,039 | (45,503) |
| Net cash provided by operating activities | 1,434,730 | 2,221,910 |
| Cash Flows From Investing Activities: | ||
| Acquisition of property and equipment | (2,484,141) | (1,046,307) |
| Marketable securities: | ||
| Receipts from sales | 2,544,927 | 287,291 |
| Payments for purchases | (119,579) | (62,860) |
| Net cash (used) in investing activities | (58,793) | (821,876) |
| Cash Flows From Financing Activities: | ||
| Payments – mortgages | (1,308,071) | (1,252,196) |
| Net cash (used) by financing activities | (1,308,071) | (1,252,196) |
| Net increase in cash, cash equivalents and restricted cash | 67,866 | 147,838 |
| Cash, cash equivalents and restricted cash at beginning of year | 2,217,735 | 2,069,897 |
| Cash, cash equivalents and restricted cash at end of year | $2,285,601 | $2,217,735 |
J.W. MAYS, INC.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.