Gold Resource Corporation (GORO) financial statements (2022 and earlier)

Company profile

Business Address 7900 E. UNION AVENUE
DENVER, CO 80237
State of Incorp. CO
Fiscal Year End December 31
SIC 104 - Gold And Silver Ores (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments34,30167115,34111,39926,20217,473
Cash and cash equivalents33,712 11,0767,76222,39014,166
Short-term investments5896714,2653,6373,8123,307
Receivables8,6925,0728,6072,2822,8841,137
Inventory, net of allowances, customer advances and progress billings10,3619,99524,13114,34211,6368,946
Inventory10,3619,99524,13114,34211,6368,946
Prepaid expense1,4101,0832,3552,5941,032653
Other current assets266647218208234197
Other undisclosed current assets3,88525,405 236501874
Total current assets:58,91542,87350,65231,06142,48929,280
Noncurrent Assets
Operating lease, right-of-use asset  7,436
Property, plant and equipment156,77162,511125,259111,24282,59970,059
Deferred income tax assets 3094,635
Other noncurrent assets76415,0306569811,542
Other undisclosed noncurrent assets   7,3726,85417,580
Total noncurrent assets:156,84762,861142,360119,27090,43489,181
TOTAL ASSETS:215,762105,734193,012150,331132,923118,461
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities26,68411,13017,82214,45911,6996,927
Accounts payable13,3088,78214,45612,4296,9045,383
Accrued liabilities6,5752,2753,3662,0302,8511,544
Taxes payable6,80173  1,944 
Debt  8,6121,177950 
Other undisclosed current liabilities2,9759551,5381,9262,3592,033
Total current liabilities:29,65912,08527,97217,56215,0088,960
Noncurrent Liabilities
Long-term debt and lease obligation 131,3772,2092,863 
Long-term debt, excluding current maturities  7821,3781,645 
Finance lease, liability  435
Capital lease obligations8311,218 
Operating lease, liability 13160
Liabilities, other than long-term debt60,7503,0985,6053,2982,9462,425
Deferred revenue42,560  
Asset retirement obligations3,1123,0985,6053,2982,9462,425
Deferred income tax liabilities13,126  
Other liabilities1,952     
Other undisclosed noncurrent liabilities4,603     
Total noncurrent liabilities:65,3533,1116,9825,5075,8092,425
Total liabilities:95,01215,19634,95423,06920,81711,385
Stockholders' equity
Stockholders' equity attributable to parent120,75090,538158,058127,262112,106107,076
Common stock897566695757
Treasury stock, value(5,884)(5,884)(5,884)(5,884)(5,884)(5,884)
Additional paid in capital110,15384,865148,171121,592114,584112,034
Accumulated other comprehensive loss(1,171)(1,171)(1,171)(1,171)(1,171)(1,171)
Retained earnings17,56312,65316,87612,6564,5202,040
Total stockholders' equity:120,75090,538158,058127,262112,106107,076
TOTAL LIABILITIES AND EQUITY:215,762105,734193,012150,331132,923118,461

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues125,19690,692135,366115,308110,15683,227
Revenue, net110,15683,227
Cost of revenue
(Cost of Goods and Services Sold)
(88,449)(78,205)(106,251)(81,618)(68,041)(60,794)
Gross profit:36,74712,48729,11533,69042,11522,433
Operating expenses(9,323)(9,718)(9,949)(9,325)(8,122)(9,533)
Other undisclosed operating loss(9,781)(3,527)(4,284)(7,814)(5,515)(4,314)
Operating income (loss):17,643(758)14,88216,55128,4788,586
Nonoperating income (expense)   (100) 560
Investment income, nonoperating   (100) 348
Foreign currency transaction gain, before tax     528
Other nonoperating expense     (182)
Interest and debt expense   (40)(40) 
Other undisclosed income from continuing operations before equity method investments, income taxes    40 
Income (loss) from continuing operations before income taxes:17,643(758)14,88216,41128,4789,146
Income tax expense(9,615)(5,573)(9,050)(7,263)(24,328)(4,759)
Net income (loss):8,028(6,331)5,8329,1484,1504,387
Other undisclosed net income attributable to parent 10,690 140  
Net income available to common stockholders, diluted:8,0284,3595,8329,2884,1504,387

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):8,028(6,331)5,8329,1484,1504,387
Comprehensive income (loss), net of tax, attributable to parent:8,028(6,331)5,8329,1484,1504,387

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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