v3.21.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Feb. 28, 2021
Feb. 29, 2020
Cash flows from operating activities:    
Net income $ 18,197 $ 6,037
Adjustments to reconcile net income to net cash (used) provided by operating activities:    
Depreciation and depletion 879 782
Share-based compensation expense 313 353
Deferred income taxes 71 722
Interest added to receivable from related parties (21) (22)
Proceeds from CAB reimbursement applied to land development inventories 0 4,230
Changes in operating assets and liabilities:    
Trade accounts receivable (261) 732
Prepaid expenses 72 (92)
Land development inventories 108 2,796
Taxes receivable 1,588 0
Recognition of public improvement reimbursables (21,466) 0
Taxes payable 4,267 0
Accounts payable and accrued liabilities (1,432) 204
Deferred revenues (2,346) 655
Other assets and liabilities (56) 145
Net cash (used) provided by operating activities (87) 16,542
Cash flows from investing activities:    
Investments in water, water systems and land (880) (4,245)
Purchase of property and equipment (79) (376)
Sale and maturities of short-term investments 0 5,185
Purchase of short-term investments 0 (1,720)
Net cash used by investing activities (959) (1,156)
Cash flows from financing activities:    
Proceeds from exercise of options 14 35
Payments to contingent liability holders (2) (4)
Net cash provided by financing activities 12 31
Net change in cash, cash equivalents and restricted cash (1,034) 15,417
Cash, cash equivalents and restricted cash - beginning of period 21,797 4,478
Cash, cash equivalents and restricted cash - end of period 20,763 19,895
Cash and cash equivalents 20,482 19,895
Restricted cash 281 0
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION AND NON-CASH ACTIVITIES    
Transfer of land development costs to other assets 484 0
Transfer of land development costs to inventory 467 0
Changes in Land development inventories included in accounts payable and accrued liabilities 374 1,211
Changes in Investments in water, water systems and land included in accounts payable and accrued liabilities 90 1,591
Income taxes paid $ 0 $ 1,071

Source