Primary Corp. traded in its lab coat and miner's helmet for a business suit and an investment portfolio. The company came into being in 2008 when mining company Trans America Industries, which had explored claims in Canada and the western US, combined with the former Inex Pharmaceuticals to form a new venture capital and merchant banking firm called Primary Corp. The new company's focus is on direct investments and bridge loans to small development-stage mining and energy companies. President and CEO Robert Pollock owns approximately 15% of Primary Corp.
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| Income Statement | 2011 | 2010 | 2009 |
|---|---|---|---|
| Revenue | $-8.3549688 | $11.9651094994 | $2.4863209735 |
| Gross Profit | $-9.3353688 | $11.9651094994 | $2.4863209735 |
| Operating Income | $-10.225572 | $11.0756604248 | $1.9494933237 |
| Net Income | $-10.225572 | $11.3699995452 | $4.4129208747 |
| Diluted EPS | $-0.79 | $1.7 | $0.67 |
| Cash Flow (mil) | 2011 | 2010 | 2009 |
|---|---|---|---|
| Cash at the beginning of the year | $13.169973 | $5.425304 | $8.406304 |
| Net Operating Cash | $-0.186276 | $-0.13593681 | $-0.0674577 |
| Net Investing Cash | $-19.668785 | $8.15934 | $-4.3022585 |
| Net Financing Cash | $73.07803 | $-0.5457568 | $ |
| Net Change in Cash | $53.222977 | $7.4776464 | $-4.369716 |
| Cash at end of the year | $66.13779 | $13.169973 | $5.425304 |
| Capital Expenditure | $ | $ | $-0.42275885 |
| Assets (mil) | 2011 | 2010 | 2009 |
|---|---|---|---|
| Current Assets | |||
| Cash | $66.13779 | $13.169973 | $5.425304 |
| Net Receivables | $ | $ | $ |
| Inventories | $ | $ | $ |
| Other Income Assets | $0.3549048 | $0.11105278 | $0.084268756 |
| Asset Summary | |||
| Total Current Assets | $66.49269 | $13.281026 | $5.5095725 |
| Net Fixed Assets | $ | $ | $0.0 |
| Other Noncurrent Assets | $52.11022 | $38.975735 | $33.17094 |
| Total Assets | $118.60291 | $52.25676 | $38.680515 |
| Liabilities (mil) | 2011 | 2010 | 2009 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $ | $0.0 | $0.24170785 |
| Short Term Debt | $ | $ | $ |
| Other Current Liabilities | $5.740242 | $0.12518896 | $0.018191814 |
| Liability Summary | |||
| Total Current Liabilities | $5.740242 | $0.12518896 | $0.25989968 |
| Long Term Debt | $ | $ | $ |
| Other Noncurrent Liabilities | $0.0 | $0.0 | $0.0 |
| Total Liabilities | $5.740242 | $0.12518896 | $0.25989968 |
| Stakeholder's Equity (mil) | 2011 | 2010 | 2009 |
|---|---|---|---|
| Equity | |||
| Preferred Stock Equity | $ | $ | $ |
| Common Stock Equity | $112.86267 | $52.131573 | $38.420616 |
| Equity Summary | |||
| Total Equity | $112.86267 | $52.131573 | $38.420616 |
| Shares Outstanding | 19.32 | 6.52 | 6.66 |