$PRKA
PARKS AMERICA, INC

2021 Form 10-K Financial Statement

#000149315221030972 Filed on December 09, 2021

View on sec.gov

Income Statement

Concept 2021 2020 Q3 2020
Revenue $11.86M $4.549M $9.507M
YoY Change 24.77% 124.39% 53.73%
Cost Of Revenue $1.489M $423.9K $962.1K
YoY Change 54.79% 87.81% 42.81%
Gross Profit $10.37M $4.125M $8.545M
YoY Change 21.39% 128.98% 55.07%
Gross Profit Margin 87.45% 90.68% 89.88%
Selling, General & Admin $5.818M $1.468M $4.115M
YoY Change 41.37% 54.71% 21.07%
% of Gross Profit 56.09% 35.6% 48.16%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $704.0K $190.3K $576.1K
YoY Change 22.2% 75.61% 26.91%
% of Gross Profit 6.79% 4.61% 6.74%
Operating Expenses $6.522M $1.659M $4.691M
YoY Change 39.02% 56.85% 21.76%
Operating Profit $3.851M $2.466M $3.854M
YoY Change -0.06% 231.5% 132.51%
Interest Expense -$322.0K -$83.85K -$182.9K
YoY Change 76.0% 356.45% 140.7%
% of Operating Profit -8.36% -3.4% -4.75%
Other Income/Expense, Net $51.33K $8.990K $27.79K
YoY Change 84.71% 56.62% 2.55%
Pretax Income $3.681M $2.362M $3.694M
YoY Change -0.36% 235.08% 147.01%
Income Tax $882.0K $581.5K $926.4K
% Of Pretax Income 23.96% 24.62% 25.08%
Net Earnings $2.799M $1.781M $2.767M
YoY Change 1.12% 237.54% 152.38%
Net Earnings / Revenue 23.59% 39.15% 29.11%
Basic Earnings Per Share $0.04
Diluted Earnings Per Share $37.27K $23.73K $36.92K
COMMON SHARES
Basic Shares Outstanding 75.09M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2021 2020 Q3 2020
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.654M $5.506M $5.506M
YoY Change 20.86% 45.35% 45.35%
Cash & Equivalents $5.506M
Short-Term Investments
Other Short-Term Assets $175.3K $148.7K $148.7K
YoY Change 17.83% 0.81% 0.81%
Inventory $314.1K $200.9K $200.9K
Prepaid Expenses
Receivables $4.470K
Other Receivables $0.00
Total Short-Term Assets $7.148M $5.855M $5.855M
YoY Change 22.08% 41.76% 41.76%
LONG-TERM ASSETS
Property, Plant & Equipment $13.81M $13.65M $13.65M
YoY Change 1.11% 106.25% 106.25%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $15.97K $12.14K $12.14K
YoY Change 31.55% 2.97% 2.97%
Total Long-Term Assets $13.83M $13.67M $13.67M
YoY Change 1.22% 106.05% 106.05%
TOTAL ASSETS
Total Short-Term Assets $7.148M $5.855M $5.855M
Total Long-Term Assets $13.83M $13.67M $13.67M
Total Assets $20.98M $19.52M $19.52M
YoY Change 7.48% 81.38% 81.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $221.4K $178.5K $178.5K
YoY Change 24.05% 85.41% 85.41%
Accrued Expenses $289.0K $279.6K $279.6K
YoY Change 3.37% 38.04% 38.04%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $699.5K $1.221M $1.221M
YoY Change -42.71% 497.48% 497.48%
Total Short-Term Liabilities $1.452M $1.999M $1.999M
YoY Change -27.35% 191.9% 191.9%
LONG-TERM LIABILITIES
Long-Term Debt $4.960M $5.797M $5.797M
YoY Change -14.44% 402.37% 402.37%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $4.960M $5.797M $5.797M
YoY Change -14.44% 402.37% 402.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.452M $1.999M $1.999M
Total Long-Term Liabilities $4.960M $5.797M $5.797M
Total Liabilities $6.412M $7.796M $7.796M
YoY Change -17.75% 323.99% 323.99%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $14.57M $11.73M $11.73M
YoY Change
Total Liabilities & Shareholders Equity $20.98M $19.52M $19.52M
YoY Change 7.48% 81.38% 81.38%

Cashflow Statement

Concept 2021 2020 Q3 2020
OPERATING ACTIVITIES
Net Income $2.799M $1.781M $2.767M
YoY Change 1.12% 237.54% 152.38%
Depreciation, Depletion And Amortization $704.0K $190.3K $576.1K
YoY Change 22.2% 75.61% 26.91%
Cash From Operating Activities $3.309M $1.873M $3.680M
YoY Change -10.1% 163.8% 98.07%
INVESTING ACTIVITIES
Capital Expenditures -$988.9K -$63.94K -$525.4K
YoY Change 88.21% -47.39% -5.17%
Acquisitions
YoY Change
Other Investing Activities $28.98K $17.83K -$6.356M
YoY Change -100.46% 455.45% -97430.32%
Cash From Investing Activities -$959.9K -$46.11K -$6.881M
YoY Change -86.05% -61.03% 1156.8%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.200M -52.69K 4.919M
YoY Change -124.4% 5.23% -2595.47%
NET CHANGE
Cash From Operating Activities 3.309M 1.873M 3.680M
Cash From Investing Activities -959.9K -46.11K -6.881M
Cash From Financing Activities -1.200M -52.69K 4.919M
Net Change In Cash 1.149M 1.774M 1.718M
YoY Change -33.14% 227.58% 54.27%
FREE CASH FLOW
Cash From Operating Activities $3.309M $1.873M $3.680M
Capital Expenditures -$988.9K -$63.94K -$525.4K
Free Cash Flow $4.298M $1.937M $4.206M
YoY Change 2.18% 132.93% 74.36%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2020Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
USD
CY2020Q3 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
USD
CY2021 us-gaap Insurance Recoveries
InsuranceRecoveries
USD
CY2020 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
USD
CY2020 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
USD
CY2020 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
USD
CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
USD
CY2020 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
USD
CY2020 PRKA Repayments Of Term Loan
RepaymentsOfTermLoan
USD
CY2020 PRKA Repayments Of Debt One
RepaymentsOfDebtOne
USD
CY2020 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
USD
CY2020 us-gaap Proceeds From Bank Debt
ProceedsFromBankDebt
USD
CY2021 PRKA Proceeds From Bank Debt One
ProceedsFromBankDebtOne
USD
CY2021 PRKA Proceeds From Paycheck Protection Program Loans
ProceedsFromPaycheckProtectionProgramLoans
USD
CY2021 us-gaap Notes Issued1
NotesIssued1
USD
CY2020Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
USD
CY2021Q4 PRKA Accrued Income Taxes3
AccruedIncomeTaxes3
USD
CY2020 PRKA Ppp Loan Forgiveness Benefit
PppLoanForgivenessBenefit
USD
CY2020 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
USD

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