Gulf Resources, Inc. (GURE) Financial Statements (2023 and Earlier)

Company Profile

Business Address LEVEL 11, VEGETABLE BUILDING
SHOUGUANG CITY, SHANDONG, 262700
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 28 - Chemicals And Allied Products (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 94,223100,302178,999208,907163,885
Cash and cash equivalents 94,223100,302178,999208,907163,885
Inventory, net of allowances, customer advances and progress billings 420690(65)1,1975,882
Inventory 420690(65)1,1975,882
Prepaid expense   23524747
Other undisclosed current assets 12,6696,2118,17431,16351,954
Total current assets: 107,311107,203187,344241,513221,767
Noncurrent Assets
Finance lease, right-of-use asset 186180
Operating lease, right-of-use asset 8,8698,818
Property, plant and equipment 148,948137,99582,28395,115108,731
Intangible assets, net (including goodwill)    29,37527,669
Goodwill    29,37527,669
Prepaid expense 10,1349,1159,63914,4784,754
Deferred tax assets, net19,0316,5272,216
Other undisclosed noncurrent assets 18,59015,941251492554
Total noncurrent assets: 186,727172,048111,203145,986143,924
TOTAL ASSETS: 294,038279,251298,547387,499365,691
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 5,0821,1069051,0328,682
Accounts payable 480895245037,513
Accrued liabilities 446358   
Employee-related liabilities 370416382529439
Taxes payable 1,326 1,1891,0424,341
Other undisclosed accounts payable and accrued liabilities 2,460243(1,189)(1,042)(3,611)
Debt 217615197203188
Other undisclosed current liabilities 1,8044,5851,5211,9985,075
Total current liabilities: 7,1026,3062,6243,23313,945
Noncurrent Liabilities
Long-term debt and lease obligation 9,9119,8382,0702,3042,285
Finance lease, liability 1,8891,906
Capital lease obligations2,0702,3042,285
Operating lease, liability 8,0227,932
Other undisclosed noncurrent liabilities (8,022)    
Total noncurrent liabilities: 9,9119,8382,0702,3042,285
Total liabilities: 17,01416,1444,6935,53716,230
Stockholders' equity
Stockholders' equity attributable to parent 277,024263,107293,853381,962349,461
Common stock 2424242424
Treasury stock, value (510)(510)(555)(555)(577)
Additional paid in capital 97,43595,04395,02194,52594,157
Accumulated other comprehensive income (loss) 4,453(15,492)(10,478)8,163(15,995)
Retained earnings 175,622184,042209,842279,806271,853
Total stockholders' equity: 277,024263,107293,853381,962349,461
TOTAL LIABILITIES AND EQUITY: 294,038279,251298,547387,499365,691

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues 28,20710,5972,595107,522149,275
Other operating income   (408)282434
Cost of revenue (19,415)(5,430)(1,310)(63,157)(94,786)
Cost of goods and services sold (8,170)(15,175)(21)(310)(315)
Gross profit: 8,7925,1661,28544,36554,489
Operating expenses (10,283)(13,285)(46,677)(474)(1,658)
Other operating expense, net
(Other Expenses)
 (22)    
Other undisclosed operating loss (8,170)(15,175)(38,161)(32,720)(5,108)
Operating income (loss): (9,683)(23,294)(83,553)11,17247,723
Nonoperating income (expense) (1,541)868501392313
Investment income, nonoperating 291447661556488
Foreign currency transaction gain (loss), before tax (1,832)422   
Interest and debt expense (136)(145)(160)(164)(175)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 1,832(422)160164175
Income (loss) from continuing operations before income taxes: (9,529)(22,993)(83,052)11,56348,036
Income tax expense (benefit) 1,108(2,807)13,088(3,610)(11,810)
Net income (loss) available to common stockholders, diluted: (8,420)(25,800)(69,964)7,95336,226

Comprehensive Income ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss): (8,420)(25,800)(69,964)7,95336,226
Comprehensive income (loss): (8,420)(25,800)(69,964)7,95336,226
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 19,945(5,014)(18,641)24,157(24,931)
Comprehensive income (loss), net of tax, attributable to parent: 11,525(30,814)(88,605)32,11111,295

Statements Sources

The financial statements are based on the Company's filings with 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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