General Steel Holdings Inc (GSIH) financial statements (2020 and earlier)

Company profile

Business Address SUITE 803, T1-B WANG JING SOHO,
CHAOYANG DISTRICT, BEIJING, 100102
State of Incorp. NV
Fiscal Year End December 31
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 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 investments50001435
Cash and cash equivalents50001232
Short-term investments    33
Receivables0041011869
Inventory, net of allowances, customer advances and progress billings, including:    76213
Inventory    156213
Other undisclosed inventory, net of allowances, customer advances and progress billings    (80)
Prepaid expense   0111
Advances on inventory purchases    7445
Disposal group, including discontinued operation 0312  
Other undisclosed current assets0(0)  6771,018
Total current assets:507129701,381
Noncurrent Assets
Property, plant and equipment000 1,5431,272
Long-term investments and receivables131513151717
Long-term investments131513151717
Intangible assets, net (including goodwill)    2324
Intangible assets, net (excluding goodwill)    2324
Deposits noncurrent assets0     
Disposal group, including discontinued operation, noncurrent assets   19 
Other undisclosed noncurrent assets    127
Total noncurrent assets:131513341,5951,320
TOTAL ASSETS:181584362,5652,700
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1100618440
Accounts payable    613435
Accrued liabilities01    
Employee-related liabilities00    
Taxes payable0 0055
Debt01 4988306
Due to related parties 8504320853
Disposal group, including discontinued operation  2931  
Deferred revenue and credits   2 
Customer advances and deposits   93
Other undisclosed current liabilities90113421,763
Total current liabilities:101180782,2512,562
Noncurrent Liabilities
Long-term debt and lease obligation    393375
Capital lease obligations    393375
Liabilities, other than long-term debt    63820
Customer advances or deposits   226 
Deferred revenue and credits   73 
Due to related parties    34020
Other undisclosed noncurrent liabilities    (155)238
Total noncurrent liabilities:    876632
Total liabilities:101180783,1273,194
Stockholders' equity
Stockholders' equity attributable to parent, including:845(42)(345)(305)
Preferred stock   000
Common stock000000
Treasury stock, value(1)(1)(1)(1)(4)(4)
Additional paid in capital1,2621,2571,2531,209115107
Accumulated other comprehensive income331211
Accumulated deficit(1,257)(1,256)(1,251)(1,253)(464)(415)
Other undisclosed stockholders' equity attributable to parent111166
Stockholders' equity attributable to noncontrolling interest   (1)(217)(189)
Total stockholders' equity:845(42)(562)(494)
TOTAL LIABILITIES AND EQUITY:181584362,5652,700

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
(Revenue, Net)
   1,5432,2892,464
Cost of revenue   (28)(2,313)(2,525)
Cost of goods and services sold   (27)(2,309)(2,520)
Other undisclosed gross profit   (1,702)45
Gross profit:   (187)(19)(56)
Operating expenses(0)(0)(3)(11)(81)(105)
Other operating expense, net     (77)
Other undisclosed operating income   18793272
Operating income (loss):(0)(0)(3)(11)(7)34
Nonoperating income (expense)(1)17(0)(71)12
Investment income, nonoperating 3 0011
Interest and debt expense  2 (97)(92)
Income (loss) from continuing operations before equity method investments, income taxes:(1)17(11)(175)(45)
Income from equity method investments     0
Other undisclosed income (loss) from continuing operations before income taxes  (2) 973
Income (loss) from continuing operations before income taxes:(1)15(11)(78)(42)
Income tax expense    (0)(0)
Income (loss) from continuing operations:(1)15(11)(78)(43)
Loss from discontinued operations (6)(3)(1,280)  
Income (loss) before gain (loss) on sale of properties:(1)(6)2(1,291)(78)(43)
Other undisclosed net income (loss)  0(14)  
Net income (loss):(1)(6)2(1,304)(78)(43)
Net income attributable to noncontrolling interest  0 3010
Other undisclosed net income attributable to parent   515  
Net income (loss) available to common stockholders, diluted:(1)(6)2(789)(49)(33)

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):(1)(6)2(1,304)(78)(43)
Other comprehensive income (loss)02(1)941 
Other undisclosed comprehensive loss     (14)
Comprehensive income (loss):(1)(4)2(1,210)(78)(57)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest  048329(15)
Other undisclosed comprehensive income, net of tax, attributable to parent     30
Comprehensive income (loss), net of tax, attributable to parent:(1)(4)2(727)(49)(42)

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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