v3.24.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
May 31, 2024
May 31, 2023
Cash flows from operating activities:    
Net income $ 5,008 $ 3,643
Adjustments to reconcile net income to net cash used by operating activities:    
Depreciation and depletion 1,579 1,594
Trade accounts receivable (1,211) (246)
Accounts payable and accrued liabilities 1,353 (788)
Other assets and liabilities 315 922
Share-based compensation expense 380 559
Deferred income taxes (122) (202)
Prepaid expenses (234) 75
Amortized discount on U.S. Treasury Bills   (256)
Deferred water sales revenue (56) (557)
Land under development (6,550) (249)
Deferred lot sale revenues (113) (800)
Taxes payable / receivable 1,934 (2,720)
Net cash used by operating activities (793) (2,970)
Cash flows from investing activities:    
Maturity of held-to-maturity investments in U.S. Treasury Bills   15,256
Purchase of property and equipment (409) (275)
Investments in future development phases at Sky Ranch (1,994) (937)
Construction costs of single-family rentals (291) (3,471)
Investments in water and water systems (1,226) (1,374)
Payments on note receivable - related party, other 100  
Purchase of held-to-maturity investments in U.S. Treasury Bills (171) (15,000)
Net cash used in investing activities (3,991) (5,801)
Cash flows from financing activities:    
Payments on notes payable (23) (8)
Repurchases of common stock (439)  
Payments to contingent liability holders   (111)
Net cash used in financing activities (462) (119)
Net change in cash, cash equivalents and restricted cash (5,246) (8,890)
Cash, cash equivalents and restricted cash - beginning of period 28,487 37,222
Cash, cash equivalents and restricted cash - end of period 23,241 28,332
Cash and cash equivalents 20,360 26,000
Restricted cash 2,881 2,332
Total cash, cash equivalents and restricted cash 23,241 28,332
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Cash paid for income taxes 65 4,265
Cash paid for interest 312 142
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Change in reimbursable public improvements included in accounts payable and accrued liabilities 205 569
Change in investments in water and water systems included in accounts payable and accrued liabilities 84 85
Issuance of stock for compensation 211 111
Related Party | Sky Ranch CAB    
Adjustments to reconcile net income to net cash used by operating activities:    
Net activity for notes receivable - related party, reimbursable public improvements, other (2,986) (3,668)
Related Party | Rangeview District [Member]    
Adjustments to reconcile net income to net cash used by operating activities:    
Net activity for notes receivable - related party, reimbursable public improvements, other $ (90) $ (277)

Source

PDF HTML
10-Q Filing
ZIP XLS HTML
XBRL