Sutor Technology Group LTD (TORZ) financial statements (2022 and earlier)

Company profile

Business Address 426 SOUTH 1000 EAST
SALT LAKE CITY, UT 84102
State of Incorp. NV
Fiscal Year End June 30
SIC 331 - Steel Works, Blast Furnaces, And Rolling And Finishing Mills (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

6/30/2014
6/30/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments15,4273,601
Cash and cash equivalents12,1783,601
Short-term investments3,249 
Restricted cash and investments60,860 
Receivables6,6777,652
Inventory, net of allowances, customer advances and progress billings78,27852,377
Inventory78,27852,377
Advances on inventory purchases8,64643,175
Other current assets 3,446
Other undisclosed current assets305,874295,394
Total current assets:475,761405,646
Noncurrent Assets
Property, plant and equipment87,12171,509
Long-term investments and receivables1,8156,687
Long-term investments1,8156,687
Intangible assets, net (including goodwill)3,5693,074
Intangible assets, net (excluding goodwill)3,5693,074
Other undisclosed noncurrent assets8517,086
Total noncurrent assets:92,59098,356
TOTAL ASSETS:568,352504,002
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6,38085,994
Accounts payable5,84482,602
Taxes payable5363,392
Debt139,223146,387
Due to related parties136,27420,162
Customer advances and deposits7,917
Other undisclosed current liabilities22,30215,053
Total current liabilities:312,097267,595
Noncurrent Liabilities
Long-term debt and lease obligation2,8601,181
Long-term debt, excluding current maturities2,8601,181
Liabilities, other than long-term debt8,182 
Due to related parties8,182 
Total noncurrent liabilities:11,0421,181
Total liabilities:323,139268,776
Stockholders' equity
Stockholders' equity attributable to parent, including:245,213235,225
Common stock4241
Treasury stock, value(652)(652)
Additional paid in capital43,65241,793
Accumulated other comprehensive income42,36241,304
Retained earnings137,082132,312
Other undisclosed stockholders' equity attributable to parent22,72620,427
Total stockholders' equity:245,213235,225
TOTAL LIABILITIES AND EQUITY:568,352504,002

Income statement (P&L) ($ in thousands)

6/30/2014
6/30/2013
Revenues
(Revenue, Net)
405,415612,075
Cost of revenue(371,768)(567,140)
Cost of goods and services sold(242)(567,140)
Gross profit:33,64744,936
Operating expenses(16,485)(18,783)
Operating income:17,16226,153
Nonoperating expense(7,077)(6,524)
Investment income, nonoperating2743,414
Interest and debt expense(10,113)(10,210)
Other undisclosed income from continuing operations before equity method investments, income taxes10,11310,210
Income from continuing operations before equity method investments, income taxes:10,08519,629
Income from equity method investments274371
Income from continuing operations before income taxes:10,35919,999
Income tax expense(3,016)(2,723)
Income before gain (loss) on sale of properties:7,34317,276
Other undisclosed net loss(274)(371)
Net income available to common stockholders, diluted:7,06916,905

Comprehensive Income ($ in thousands)

6/30/2014
6/30/2013
Net income:7,06916,905
Other undisclosed comprehensive income1,0585,682
Comprehensive income, net of tax, attributable to parent:8,12722,587

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.

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