PURE CYCLE CORP PCYO Cash Flow

Pure cycle corp (PCYO)

CashFlow / Quarterly

Feb'20	Nov'19	Aug'19	May'19	Feb'19	Nov'18	Aug'18	May'18	Feb'18	Nov'17	Aug'17	May'17	Feb'17	Nov'16	Aug'16	May'16	Feb'16	Nov'15	Aug'15	May'15	Feb'15	Nov'14	Aug'14	May'14	Feb'14	Nov'13	Aug'13	May'13	Feb'13	Nov'12	Aug'12	May'12	Feb'12	Nov'11	Aug'11	May'11	Feb'11	Nov'10
Cash flows from operating activities:
Net income (loss)
273	5,762	3,011	1,261	-96	633	356	54	100	-96	-501	-554	-317	-337	-520	-422	-270	-97	-23,082	30	-85	10	1,372	-381	-455	-846	-1,105	-1,052	-658	-1,333	-	-	-	-	-1,411	-1,362	-1,780	-1,460
Adjustments to reconcile net income to net cash used in operating activities:
Equity loss in Well Enhancement Recovery Systems, LLC
-	-	-	-	-	-	-	-	-	-	-	-	1	2	-	2	2	2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share-based compensation expense
247	105	78	96	58	103	83	83	77	80	65	63	61	42	52	58	55	53	53	53	63	68	68	68	59	54	24	19	12	10	12	2	21	18	25	25	22	21
Net loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,361	-	-	-	-
Imputed interest on Tap Participation Fee payable to HP A&M
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	23	-	248	403	657	858	871	650	894	883	872	862	851	984	969	954	940
Depreciation and depletion
478	304	466	323	251	239	342	215	169	174	329	147	141	115	112	108	104	94	88	86	93	78	57	45	44	48	81	75	78	77	77	75	77	77	-	82	68	76
Bad debt (recovery) expense
0	0	-6	0	0	-31	79	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in Well Enhancement and Recovery Systems LLC
-11	0	1	-2	-2	-2	-2	-2	-2	-2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
The amount of interest income and other non-cash income recognized during the period.
0	0	0	0	0	0	1	31	-10	-19	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest added to receivable from related parties
11	10	11	10	10	9	-28	31	7	7	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
3	718	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amount of increase (decrease) from CAB reimbursement applied to inventories classified as operating activities.
0	4,229	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in Well Enhancement Recovery Systems, LLC
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	-3	0	0	-37	0	-	-	-	-	-	-	-	-	-	-	-	-
Interest income and other non-cash items
-	-	-	-	-	-	-	-	-	-	-	-	12	22	-	26	10	0	0	-0	-0	-0	0	-0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Interest expensed on Convertible Note - Related Party
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	91
Interest added to receivable from related parties
-	-	-	-	-	-	-	-	-	-	-	-	0	12	-	6	13	3	4	4	3	3	3	3	2	3	3	3	2	2	-	-	-	-	-	-	-	-
Interest added to construction proceeds receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	4	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities:
Inventories
1,981	-4,777	-288	289	1,660	3,356	834	382	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest added to construction proceeds receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17	-6
Interest added to receivable from Rangeview Metropolitan District
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	-	-	8	-3
Interest added to construction proceeds receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5	-	-	-	-
Trade accounts receivable
-510	-221	499	364	-1,338	469	-160	304	-555	781	602	-16	-121	18	271	58	-358	51	534	-222	-549	-680	1,025	-64	198	-118	313	-32	-8	176	81	7	-26	-25	37	6	-11	-4
Receivables held in escrow
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,978	246	-	-	0	0	-	-	-	-	-	-	-	-
Sky Ranch Receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	54	27	1	-	2	-7	-1	0	57	0	0	-	-	-	-	-	-	-	-
Prepaid expenses
-15	107	-561	1,127	-4	138	32	-164	1,209	-117	-12	299	-106	-28	-23	15	191	-60	20	-84	72	-52	66	14	115	-28	-	-	-	-	-	-	-	-	-	-	-	-
Notes receivable - related parties
34	0	6	16	10	7	47	2	22	37	69	140	-48	-4	5	13	12	0	-	13	57	25	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
0	0	-	0	0	90	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest receivable and prepaid expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-40	-	-	-	-	-	-	-	-
Note receivable - related parties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	44	-599	246	160	185	-	-	-	-	-	-	-	-	-	-	-	-
Interest receivable and prepaid expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	84
Accounts payable and accrued liabilities
590	-386	371	574	-104	-1,209	981	101	-10	-321	567	95	-175	-9	216	5	-21	-470	266	163	-277	-1,001	509	449	-2	234	236	-232	-19	135	-	-	-	-	37	-72	97	9
Income taxes
-995	1,168	-	-	0	0	-	-	-	-	-	-	-	0	0	0	0	-292	292	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenues
2,025	-2,847	2,359	176	1,455	-361	360	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
The increase (decrease) during the reporting period in the obligation created by deferred revenue leases.
682	794	852	126	-13	-13	-13	-13	-13	157	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from operating lease obligations.
1	-5	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contract asset
-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest accrued on agriculture land promissory notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-20	-	-105	-43	64	-67	-35	73	29	-	-	-	-	-	-	-	-
Interest receivable and prepaid expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-84	-	-	-	-
Accounts payable and accrued liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2	-	-	-	-
Deferred revenues
-	-	-	-	-	-	-	-	-	-	-	-	-13	-13	-	-13	-13	-13	-15	-16	-100	68	-103	71	-92	59	-98	66	-137	105	-	-	-	-13	-	-	-	-13
Deferred oil & gas lease payment
-	-	-	-	-	-	-	-	-	-	-	-	6	6	-	31	161	161	161	161	161	161	89	149	-1,136	106	92	103	103	103	103	75	131	103	-	-	-	-
Net cash provided by (used in) operating activities from continuing operations
-	-	-	-	-	-	-	-	-	-	-215	-308	-354	-293	-419	-407	-180	-878	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities from discontinued operations
-	-	-	-	-	-	-	-	-	-	1	5	76	34	364	417	815	18	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) operating activities
1,819	14,722	6,272	751	2,235	-5,729	1,356	-316	-347	-692	-213	-302	-277	-258	-55	10	635	-860	-518	206	-384	-277	-659	2,269	-1,436	-120	-430	-509	-489	-326	-292	-553	-608	-432	-472	735	-620	-265
Cash flows from investing activities:
The cash outflow associated with the purchase of water, water systems and land.
1,972	2,273	6,410	1,907	3,300	2,488	-1,942	1,219	1,287	482	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sale and maturities of short-term investments
0	5,184	-	14,180	18,850	3,705	-	22,699	2,928	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	734	2,370	-577	3,829
Sales and maturities of marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	62	856	182	1,702	705	1,152	1,164	731	1,939	-235	767
Purchase of long-term investments
-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of short-term investments
1,720	0	17,969	13,233	14,868	5,968	136	21,264	1,244	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of property and equipment
339	37	-	-	89	42	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments in water, water systems, and land
-	-	-	-	-	-	-	-	-	-	-	-	4,331	265	-	425	244	25	200	27	718	1,154	2,948	396	121	397	79	178	12	108	63	15	14	38	-	-	-	-
Purchase of farm land
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of collateral stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-110	3,525	-	-	-	-	0	0	-25	5,426
Investments in land, water and water systems
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	116	6,703
Purchase of property and equipment
-	-	-	-	-	-	-	-	134	26	18	47	14	15	30	29	163	248	0	16	0	0	1	0	0	2	6	34	0	0	-	-	-	3	-	-	-	-
Net cash provided by (used in) investing activities from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-361	-625	-30,406	-274	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-451	443	-443	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of farm land
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	699	-	2,747	1,171	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-4,031	2,874	-5,453	-1,147	592	-4,795	7,332	105	-343	-1,394	42	-700	1,448	1,143	-361	-1,076	-29,963	-717	43,749	-43	-719	-454	-864	2,350	1,049	-399	-85	-150	734	3,599	1,639	685	-92	1,121	-23	-430	224	-9,766
Cash flows from financing activities:
Payments to contingent liability holders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5	-0	-1
Proceeds from note receivable - related parties
-	-	-	-	-	-	0	0	0	215	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	5,200
Proceeds from exercise of options
35	0	-	-	36	78	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from note receivable - related parties
-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the issuance of stock
-	-	-	-	-	-	-	0	75	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sale of short-term investments, net
-	-	-	-	-	-	-	-	-	-	-	1,148	5,793	1,424	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of note receivable - related parties
-	-	-	-	-	-	-	-	-	885	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Arapahoe County construction proceeds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	250	20	20	30	20	20	13	27	20	20	13
Amount of cash outflow for the payment of export water contingent liability holders during the period.
1	2	0	0	2	3	0	0	0	0	0	0	0	1	0	0	0	0	0	1	0	6	1	-0	2	1	-0	6	8	0	-3	0	5	-2	-	-	-	-
Net cash provided (used in) by financing activities from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-0	-1	-0	-0	-0	-0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided (used) in financing activities from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from borrowings on promissory notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,311	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payments made on promissory notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,395	-	2,033	801	445	105	880	314	491	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
33	-2	77	-0	34	74	-0	-0	74	214	-	-	-	-	-0	-0	-0	-0	-6,885	-243	0	910	398	-2,033	-804	-446	-105	-636	-302	-472	33	20	19	11	25	19	-5	10,639
Net change in cash and cash equivalents
-2,177	17,594	896	-395	2,862	-10,449	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in cash and cash equivalents
-	-	-	-	-	-	-	-	-616	-1,871	-171	-1,003	1,170	883	-417	-1,066	-29,329	-1,578	36,345	-80	-1,103	177	-1,126	2,586	-1,191	-967	-621	-1,296	-58	2,800	1,380	153	-682	700	-469	323	-401	607
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES
Value of increase or decrease inventories included in accounts payable and accrued liabilities in noncash transactions.
-43	1,255	-	-	532	1,399	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change of investments based on water, water systems and land included in accounts payable and accrued liabilities in noncash transactions.
2,327	-737	-	-	-930	930	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Value of income taxes transferred to income taxes receivable in noncash transactions.
-	0	-	-	-	282	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Retirement of collateral stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,407	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reduction in Tap Participation Fee liability resulting from remedies under the Arkansas River Agreement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-4,333	6,227	5,363	21,718	14,203	12,031	-	-	-	-	-	-	-	-	-	-	-	-
Accrued interest and penalties related to receivable from HP A&M and related promissory notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	26	6	46	-	-	-	-	-	-	-	-