Kingold Jewelry Inc. (KGJI) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
888C 8TH AVE, #106 NEW YORK, NY 10019 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7389 - Business Services, Not Elsewhere Classified (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 9/30/2019 MRQ | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 0 | 5 | 21 | 3 | 1 | 2 | |||
| Cash and cash equivalents | 0 | 5 | 21 | 3 | 1 | 2 | |||
| Restricted cash and investments | 5 | 6 | 53 | 27 | |||||
| Receivables | 260 | 355 | 274 | 17 | 5 | 53 | |||
| Inventory, net of allowances, customer advances and progress billings | 127 | 135 | 119 | 298 | 212 | 174 | |||
| Inventory | 127 | 135 | 119 | 298 | 212 | 174 | |||
| Prepaid expense | 3 | ||||||||
| Other undisclosed current assets | 1,594 | 1,563 | 283 | 1 | 15 | 27 | |||
| Total current assets: | 1,986 | 2,063 | 753 | 346 | 234 | 257 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 5 | 7 | 7 | 8 | 9 | 11 | |||
| Long-term investments and receivables | 700 | 957 | 1,494 | 0 | |||||
| Long-term investments | 700 | 957 | 1,494 | 0 | |||||
| Restricted cash and investments | 8 | 7 | 8 | ||||||
| Other noncurrent assets | 69 | 33 | |||||||
| Other undisclosed noncurrent assets | 1 | 7 | 1 | 116 | |||||
| Total noncurrent assets: | 714 | 979 | 1,509 | 123 | 78 | 44 | |||
| TOTAL ASSETS: | 2,700 | 3,042 | 2,262 | 470 | 312 | 301 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 16 | 19 | 14 | 6 | 3 | 3 | |||
| Taxes payable | 21 | 4 | 2 | 2 | 2 | 4 | |||
| Accounts payable | 61 | ||||||||
| Other undisclosed accounts payable and accrued liabilities | (5) | 15 | 12 | (57) | 1 | (1) | |||
| Debt | 1,035 | 962 | 235 | 55 | 45 | 50 | |||
| Other liabilities | 22 | ||||||||
| Due to related parties | 4 | 3 | 7 | 0 | |||||
| Other undisclosed current liabilities | 94 | 311 | 37 | 87 | 2 | 4 | |||
| Total current liabilities: | 1,148 | 1,295 | 293 | 171 | 50 | 57 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 515 | 789 | 1,225 | 31 | 4 | ||||
| Long-term debt, excluding current maturities | 515 | 789 | 1,225 | 31 | 4 | ||||
| Liabilities, other than long-term debt | 373 | 568 | 461 | ||||||
| Due to related parties | 373 | 568 | 461 | ||||||
| Other undisclosed noncurrent liabilities | 24 | 1 | 2 | 29 | |||||
| Total noncurrent liabilities: | 913 | 1,357 | 1,687 | 33 | 4 | 29 | |||
| Total liabilities: | 2,061 | 2,652 | 1,980 | 204 | 54 | 86 | |||
| Equity | |||||||||
| Equity, attributable to parent | 638 | 390 | 282 | 266 | 258 | 215 | |||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Additional paid in capital | 224 | 80 | 80 | 80 | 79 | 77 | |||
| Accumulated other comprehensive income (loss) | 60 | 5 | (76) | (0) | 15 | 16 | |||
| Retained earnings | 354 | 305 | 278 | 186 | 164 | 122 | |||
| Equity, attributable to noncontrolling interest | 0 | ||||||||
| Total equity: | 638 | 390 | 282 | 266 | 258 | 215 | |||
| TOTAL LIABILITIES AND EQUITY: | 2,700 | 3,042 | 2,262 | 470 | 312 | 301 | |||
Income Statement (P&L) ($ in millions)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 2,476 | 2,010 | 1,421 | 1,000 | 1,108 | 1,190 | ||
| Revenue, net | ✕ | ✕ | 2,010 | 1,421 | 1,000 | 1,108 | 1,190 | |
| Cost of revenue | (2,211) | (1,810) | (1,274) | (962) | (1,031) | |||
| Cost of goods and services sold | (2,210) | (1,809) | (1,273) | (961) | (1,030) | |||
| Other undisclosed gross profit | (1,139) | |||||||
| Gross profit: | 264 | 200 | 146 | 38 | 76 | 51 | ||
| Operating expenses | (12) | (14) | (12) | (9) | (11) | (6) | ||
| Operating income: | 252 | 186 | 134 | 29 | 66 | 45 | ||
| Nonoperating expense | (171) | (151) | (8) | (2) | (1) | (5) | ||
| Investment income, nonoperating | 0 | 0 | ||||||
| Interest and debt expense | (173) | (153) | (75) | (3) | (2) | (5) | ||
| Other undisclosed income from continuing operations before equity method investments, income taxes | 173 | 153 | 75 | 3 | 2 | 5 | ||
| Income from continuing operations before income taxes: | 81 | 35 | 126 | 28 | 64 | 40 | ||
| Income tax expense | (32) | (9) | (33) | (6) | (17) | (11) | ||
| Income from continuing operations: | 50 | 26 | 93 | 22 | 47 | 28 | ||
| Income before gain (loss) on sale of properties: | 50 | 26 | 93 | 22 | 47 | 28 | ||
| Net income: | 50 | 26 | 93 | 22 | 47 | 28 | ||
| Net income attributable to noncontrolling interest | 0 | 0 | ||||||
| Net income available to common stockholders, diluted: | 50 | 26 | 93 | 22 | 47 | 28 | ||
Comprehensive Income ($ in millions)
| 9/30/2019 TTM | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 50 | 26 | 93 | 22 | 47 | 28 | ||
| Other undisclosed comprehensive income (loss) | 81 | (76) | (15) | (1) | 6 | |||
| Comprehensive income: | 50 | 108 | 17 | 7 | 46 | 34 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (0) | (0) | ||||||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 55 | |||||||
| Comprehensive income, net of tax, attributable to parent: | 104 | 108 | 17 | 7 | 46 | 34 | ||
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.