Empire Resources Inc (ERS) financial statements (2022 and earlier)

Company profile

Business Address 2115 LINWOOD AVENUE
FORT LEE, NJ 07024
State of Incorp. DE
Fiscal Year End December 31
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 investments4,0657,3151,1302,4773,142
Cash and cash equivalents4,0657,3151,1302,4773,136
Short-term investments    6
Receivables52,81060,52589,69352,69653,551
Inventory, net of allowances, customer advances and progress billings133,031157,025192,064139,752145,547
Inventory133,031157,025192,064139,752145,547
Prepaid expense  3,277 
Prepaid expense and other current assets3,965
Deferred tax assets3,9935,1013,9113,2173,306
Other undisclosed current assets4,34210,60118,6059,2283,055
Total current assets:198,241240,567308,680207,370212,566
Noncurrent Assets
Property, plant and equipment7,3097,3404,2583,9493,987
Intangible assets, net (including goodwill)  321641962
Intangible assets, net (excluding goodwill)  321641962
Deferred costs 6291,024358862
Deferred tax assets, net (8)(51)215(195)
Other undisclosed noncurrent assets 8513,2876,608
Total noncurrent assets:7,3097,9695,6038,45012,224
TOTAL ASSETS:205,550248,536314,283215,820224,790
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities29,25943,87551,37548,89242,888
Accounts payable21,92635,74142,62644,05836,048
Accrued liabilities6,0845,8294,1102,7923,804
Taxes payable9132,0924,1902,0423,036
Interest and dividends payable336213449  
Debt265265201,0881,290171
Derivative instruments and hedges, liabilities 942 52979
Other undisclosed current liabilities121,449150,27827108,137124,095
Total current liabilities:150,973195,360252,490158,371168,133
Noncurrent Liabilities
Long-term debt and lease obligation4,7044,96910,19710,6321,290
Long-term debt, excluding current maturities4,7044,96910,19710,6321,290
Liabilities, other than long-term debt15582,7852,0482,191
Deferred tax liabilities, net155851 195
Derivative instruments and hedges, liabilities  2,7342,0481,996
Other undisclosed noncurrent liabilities    10,067
Total noncurrent liabilities:4,8594,97712,98212,68013,548
Total liabilities:155,832200,337265,472171,051181,681
Stockholders' equity
Stockholders' equity attributable to parent49,71848,19948,81144,76943,109
Common stock117117117117117
Treasury stock, value(7,587)(7,038)(5,455)(5,514)(5,450)
Additional paid in capital13,03713,03713,67811,93711,937
Accumulated other comprehensive income (loss)(673)(666)(334)51(136)
Retained earnings44,82442,74940,80538,17836,641
Total stockholders' equity:49,71848,19948,81144,76943,109
TOTAL LIABILITIES AND EQUITY:205,550248,536314,283215,820224,790

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

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues
(Revenue, Net)
458,864521,736582,279482,683538,527
Cost of revenue
(Cost of Goods and Services Sold)
(437,050)(498,881)(555,777)(460,944)(513,560)
Gross profit:21,81422,85526,50221,73924,967
Operating expenses(13,738)(14,519)(14,444)(14,122)(13,938)
Other undisclosed operating income  629730680
Operating income:8,0768,33612,6878,34711,709
Nonoperating income (expense)9421,792(1,391)(54)(57)
Investment income, nonoperating9421,792(936)(83)(63)
Foreign currency transaction gain (loss), before tax  (455)296
Interest and debt expense  (164)293436
Other undisclosed loss from continuing operations before equity method investments, income taxes(3,901)(6,244)(4,073)(4,805)(5,667)
Income from continuing operations before income taxes:5,1173,8847,0593,7816,421
Income tax expense(1,816)(1,075)(3,325)(1,385)(2,457)
Net income available to common stockholders, basic:3,3012,8093,7342,3963,964
Interest on convertible debt283680  742
Dilutive securities, effect on basic earnings per share(859)(1,569)   
Other undisclosed net income available to common stockholders, diluted134363  389
Net income available to common stockholders, diluted:2,8592,2833,7342,3965,095

Comprehensive Income ($ in thousands)

12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income:3,3012,8093,7342,3963,964
Other comprehensive loss (332)(385)  
Comprehensive income:3,3012,4773,3492,3963,964
Other undisclosed comprehensive income, net of tax, attributable to parent   18778
Comprehensive income, net of tax, attributable to parent:3,3012,4773,3492,5834,042

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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