Empire Resources Inc (ERS) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
2115 LINWOOD AVENUE FORT LEE, NJ 07024 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 5051 - Metals Service Centers and Offices (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments | 7,315 | 1,130 | 2,477 | 3,142 | |||
| Cash and cash equivalents | 7,315 | 1,130 | 2,477 | 3,136 | |||
| Short-term investments | 6 | ||||||
| Receivables | 60,525 | 89,693 | 52,696 | 53,551 | |||
| Inventory, net of allowances, customer advances and progress billings | 157,025 | 192,064 | 139,752 | 145,547 | |||
| Inventory | 157,025 | 192,064 | 139,752 | 145,547 | |||
| Prepaid expense | 3,277 | ✕ | |||||
| Prepaid expense and other current assets | ✕ | ✕ | ✕ | ✕ | 3,965 | ||
| Deferred tax assets | 5,101 | 3,911 | 3,217 | 3,306 | |||
| Other undisclosed current assets | 10,601 | 18,605 | 9,228 | 3,055 | |||
| Total current assets: | 240,567 | 308,680 | 207,370 | 212,566 | |||
| Noncurrent Assets | |||||||
| Property, plant and equipment | 7,340 | 4,258 | 3,949 | 3,987 | |||
| Intangible assets, net (including goodwill) | 321 | 641 | 962 | ||||
| Intangible assets, net (excluding goodwill) | 321 | 641 | 962 | ||||
| Deferred costs | 629 | 1,024 | 358 | 862 | |||
| Deferred tax assets, net | (8) | (51) | 215 | (195) | |||
| Other undisclosed noncurrent assets | 8 | 51 | 3,287 | 6,608 | |||
| Total noncurrent assets: | 7,969 | 5,603 | 8,450 | 12,224 | |||
| TOTAL ASSETS: | 248,536 | 314,283 | 215,820 | 224,790 | |||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities | 43,875 | 51,375 | 48,892 | 42,888 | |||
| Interest and dividends payable | 213 | 449 | |||||
| Taxes payable | 2,092 | 4,190 | 2,042 | 3,036 | |||
| Accounts payable | 35,741 | 42,626 | 44,058 | 36,048 | |||
| Accrued liabilities | 5,829 | 4,110 | 2,792 | 3,804 | |||
| Debt | 265 | 201,088 | 1,290 | 171 | |||
| Derivative instruments and hedges, liabilities | 942 | 52 | 979 | ||||
| Other undisclosed current liabilities | 150,278 | 27 | 108,137 | 124,095 | |||
| Total current liabilities: | 195,360 | 252,490 | 158,371 | 168,133 | |||
| Noncurrent Liabilities | |||||||
| Long-term debt and lease obligation | 4,969 | 10,197 | 10,632 | 1,290 | |||
| Long-term debt, excluding current maturities | 4,969 | 10,197 | 10,632 | 1,290 | |||
| Liabilities, other than long-term debt | 8 | 2,785 | 2,048 | 2,191 | |||
| Deferred tax liabilities, net | 8 | 51 | 195 | ||||
| Derivative instruments and hedges, liabilities | 2,734 | 2,048 | 1,996 | ||||
| Other undisclosed noncurrent liabilities | 10,067 | ||||||
| Total noncurrent liabilities: | 4,977 | 12,982 | 12,680 | 13,548 | |||
| Total liabilities: | 200,337 | 265,472 | 171,051 | 181,681 | |||
| Equity | |||||||
| Equity, attributable to parent | 48,199 | 48,811 | 44,769 | 43,109 | |||
| Common stock | 117 | 117 | 117 | 117 | |||
| Treasury stock, value | (7,038) | (5,455) | (5,514) | (5,450) | |||
| Additional paid in capital | 13,037 | 13,678 | 11,937 | 11,937 | |||
| Accumulated other comprehensive income (loss) | (666) | (334) | 51 | (136) | |||
| Retained earnings | 42,749 | 40,805 | 38,178 | 36,641 | |||
| Total equity: | 48,199 | 48,811 | 44,769 | 43,109 | |||
| TOTAL LIABILITIES AND EQUITY: | 248,536 | 314,283 | 215,820 | 224,790 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|
| Revenues (Revenue, Net) | 521,736 | 582,279 | 482,683 | 538,527 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (498,881) | (555,777) | (460,944) | (513,560) | ||
| Gross profit: | 22,855 | 26,502 | 21,739 | 24,967 | ||
| Operating expenses | (14,519) | (14,444) | (14,122) | (13,938) | ||
| Other undisclosed operating income | 629 | 730 | 680 | |||
| Operating income: | 8,336 | 12,687 | 8,347 | 11,709 | ||
| Nonoperating income (expense) | 1,792 | (1,391) | (54) | (57) | ||
| Investment income, nonoperating | 1,792 | (936) | (83) | (63) | ||
| Gain (loss), foreign currency transaction, before tax | (455) | 29 | 6 | |||
| Interest and debt expense | (164) | 293 | 436 | |||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (6,244) | (4,073) | (4,805) | (5,667) | ||
| Income from continuing operations before income taxes: | 3,884 | 7,059 | 3,781 | 6,421 | ||
| Income tax expense | (1,075) | (3,325) | (1,385) | (2,457) | ||
| Income from continuing operations: | 2,809 | 3,734 | 2,396 | 3,964 | ||
| Income before gain (loss) on sale of properties: | 2,809 | 3,734 | 2,396 | 3,964 | ||
| Net income available to common stockholders, basic: | 2,809 | 3,734 | 2,396 | 3,964 | ||
| Interest on convertible debt | 680 | 742 | ||||
| Dilutive securities, effect on basic earnings per share | (1,569) | |||||
| Other undisclosed net income available to common stockholders, diluted | 363 | 389 | ||||
| Net income available to common stockholders, diluted: | 2,283 | 3,734 | 2,396 | 5,095 | ||
Comprehensive Income ($ in thousands)
| 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | 12/31/2012 | ||
|---|---|---|---|---|---|---|
| Net income: | 2,809 | 3,734 | 2,396 | 3,964 | ||
| Other comprehensive loss | (332) | (385) | ||||
| Comprehensive income: | 2,477 | 3,349 | 2,396 | 3,964 | ||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 187 | 78 | ||||
| Comprehensive income, net of tax, attributable to parent: | 2,477 | 3,349 | 2,583 | 4,042 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.