Sunrise Real Estate Group Inc (SRRE) financial statements (2021 and earlier)
Company profile
| Business Address |
SUITE 1502 SHANGHAI, - |
| State of Incorp. | TX |
| Fiscal Year End | December 31 |
| SIC | 6513 - Operators of Apartment Buildings (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 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 | 67 | 29 | 9 | 1 | 2 | 4 | ||
| Cash and cash equivalents | 18 | 6 | 9 | 1 | 2 | 4 | ||
| Short-term investments | 49 | 23 | ||||||
| Restricted cash and investments | 2 | 1 | 0 | 0 | 2 | 0 | ||
| Receivables | 10 | 5 | 4 | 4 | 4 | 5 | ||
| Prepaid expense | 5 | 5 | 5 | 1 | 1 | |||
| Deferred rent asset | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Deposits current assets | 0 | 0 | 0 | 1 | 1 | 1 | ||
| Other undisclosed current assets | 64 | 68 | 78 | 78 | 72 | 31 | ||
| Total current assets: | 148 | 108 | 96 | 86 | 82 | 40 | ||
| Noncurrent Assets | ||||||||
| Property, plant and equipment | 1 | 1 | 1 | 8 | 8 | 9 | ||
| Long-term investments and receivables | 31 | 51 | 37 | 8 | 6 | 6 | ||
| Long-term investments | 31 | 51 | 37 | 8 | 6 | 6 | ||
| Deferred tax assets, net | 1 | 0 | 0 | 0 | 0 | |||
| Other undisclosed noncurrent assets | 4 | 4 | 4 | 5 | 6 | 6 | ||
| Total noncurrent assets: | 36 | 57 | 43 | 20 | 20 | 21 | ||
| TOTAL ASSETS: | 184 | 165 | 140 | 106 | 101 | 62 | ||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 13 | 5 | 4 | 9 | 12 | 3 | ||
| Accounts payable | 5 | 4 | 2 | 7 | 11 | 0 | ||
| Accrued liabilities | 0 | 0 | 0 | 0 | 0 | 1 | ||
| Employee-related liabilities | 0 | 0 | 1 | 1 | 1 | 1 | ||
| Taxes payable | 1 | 1 | 0 | 0 | 0 | 0 | ||
| Interest and dividends payable | 7 | |||||||
| Debt | 1 | 2 | 15 | 39 | 61 | 27 | ||
| Due to related parties | 2 | 24 | 43 | 43 | 28 | 10 | ||
| Customer advances and deposits | ✕ | 41 | 54 | 18 | 12 | 3 | ||
| Other undisclosed current liabilities | 41 | 0 | 2 | (17) | (21) | 6 | ||
| Total current liabilities: | 58 | 73 | 118 | 92 | 91 | 49 | ||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 18 | 8 | 3 | |||||
| Long-term debt, excluding current maturities | 18 | 8 | 3 | |||||
| Liabilities, other than long-term debt | 3 | 4 | ||||||
| Accounts payable and accrued liabilities | 3 | 4 | ||||||
| Other undisclosed noncurrent liabilities | 5 | 5 | 5 | 5 | 5 | 5 | ||
| Total noncurrent liabilities: | 8 | 9 | 5 | 24 | 14 | 9 | ||
| Total liabilities: | 67 | 81 | 123 | 116 | 105 | 58 | ||
| Stockholders' equity | ||||||||
| Stockholders' equity attributable to parent, including: | 115 | 81 | 16 | (15) | (10) | (9) | ||
| Common stock | 1 | 1 | 1 | 1 | 1 | 0 | ||
| Additional paid in capital | 8 | 8 | 8 | 8 | 8 | 5 | ||
| Accumulated other comprehensive income (loss) | (3) | 3 | 0 | 1 | 0 | 0 | ||
| Retained earnings (accumulated deficit) | 107 | 69 | 6 | (25) | (20) | (15) | ||
| Other undisclosed stockholders' equity attributable to parent | 3 | 1 | 1 | 1 | 1 | 1 | ||
| Stockholders' equity attributable to noncontrolling interest | 2 | 2 | 2 | 5 | 7 | 12 | ||
| Total stockholders' equity: | 117 | 84 | 17 | (10) | (3) | 4 | ||
| TOTAL LIABILITIES AND EQUITY: | 184 | 165 | 140 | 106 | 101 | 62 | ||
Income statement (P&L) ($ in millions)
| 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 8 | 28 | 5 | 5 | 9 | 13 | |
| Revenue, net | ✕ | 28 | 5 | 5 | 9 | 13 | |
| Cost of revenue | (7) | (23) | (3) | (3) | (4) | (5) | |
| Gross profit: | 2 | 5 | 2 | 2 | 4 | 8 | |
| Operating expenses | (5) | (5) | (6) | (6) | (7) | (6) | |
| Other undisclosed operating income | 1 | ||||||
| Operating income (loss): | (3) | 0 | (4) | (4) | (2) | 2 | |
| Nonoperating income (expense) | 51 | 67 | 31 | (3) | (3) | (3) | |
| Investment income, nonoperating | 0 | 66 | 30 | 1 | 1 | 0 | |
| Interest and debt expense | (2) | (0) | (2) | (3) | (3) | (4) | |
| Other undisclosed income from continuing operations before equity method investments, income taxes | 0 | 3 | |||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 46 | 67 | 25 | (7) | (9) | (5) | |
| Income (loss) from equity method investments | 68 | (1) | |||||
| Other undisclosed income (loss) from continuing operations before income taxes | 2 | (68) | 6 | 3 | 5 | ||
| Income (loss) from continuing operations before income taxes: | 48 | 67 | 31 | (7) | (5) | (1) | |
| Income tax expense (benefit) | (2) | (4) | 0 | 0 | (0) | 0 | |
| Income (loss) before gain (loss) on sale of properties: | 47 | 63 | 31 | (7) | (5) | (1) | |
| Other undisclosed net loss | (4) | (1) | |||||
| Net income (loss): | 47 | 63 | 27 | (7) | (5) | (2) | |
| Net income (loss) attributable to noncontrolling interest | 0 | (0) | 3 | 2 | 2 | 1 | |
| Net income (loss) available to common stockholders, diluted: | 47 | 63 | 30 | (5) | (4) | (1) | |
Comprehensive Income ($ in millions)
| 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|
| Net income (loss): | 47 | 63 | 27 | (7) | (5) | (2) | |
| Other comprehensive income (loss) | 6 | (3) | 1 | (0) | 0 | (0) | |
| Other undisclosed comprehensive income (loss) | (12) | 6 | (1) | 1 | (0) | 0 | |
| Comprehensive income (loss): | 41 | 66 | 27 | (6) | (5) | (2) | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 0 | (1) | 3 | 2 | 2 | 0 | |
| Comprehensive income (loss), net of tax, attributable to parent: | 41 | 65 | 30 | (4) | (4) | (1) | |
Statements sources
The financial statements are based on the company's filings with the 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.