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 | 94,223 | 100,302 | 178,999 | 208,907 | 163,885 | |||
| Cash and cash equivalents | 94,223 | 100,302 | 178,999 | 208,907 | 163,885 | |||
| Inventory, net of allowances, customer advances and progress billings | 420 | 690 | (65) | 1,197 | 5,882 | |||
| Inventory | 420 | 690 | (65) | 1,197 | 5,882 | |||
| Prepaid expense | 235 | 247 | 47 | |||||
| Other undisclosed current assets | 12,669 | 6,211 | 8,174 | 31,163 | 51,954 | |||
| Total current assets: | 107,311 | 107,203 | 187,344 | 241,513 | 221,767 | |||
| Noncurrent Assets | ||||||||
| Finance lease, right-of-use asset | 186 | 180 | ✕ | ✕ | ✕ | |||
| Operating lease, right-of-use asset | 8,869 | 8,818 | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 148,948 | 137,995 | 82,283 | 95,115 | 108,731 | |||
| Intangible assets, net (including goodwill) | 29,375 | 27,669 | ||||||
| Goodwill | 29,375 | 27,669 | ||||||
| Prepaid expense | 10,134 | 9,115 | 9,639 | 14,478 | 4,754 | |||
| Deferred tax assets, net | ✕ | ✕ | ✕ | 19,031 | 6,527 | 2,216 | ||
| Other undisclosed noncurrent assets | 18,590 | 15,941 | 251 | 492 | 554 | |||
| Total noncurrent assets: | 186,727 | 172,048 | 111,203 | 145,986 | 143,924 | |||
| TOTAL ASSETS: | 294,038 | 279,251 | 298,547 | 387,499 | 365,691 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities, including: | 5,082 | 1,106 | 905 | 1,032 | 8,682 | |||
| Accounts payable | 480 | 89 | 524 | 503 | 7,513 | |||
| Accrued liabilities | 446 | 358 | ||||||
| Employee-related liabilities | 370 | 416 | 382 | 529 | 439 | |||
| Taxes payable | 1,326 | 1,189 | 1,042 | 4,341 | ||||
| Other undisclosed accounts payable and accrued liabilities | 2,460 | 243 | (1,189) | (1,042) | (3,611) | |||
| Debt | 217 | 615 | 197 | 203 | 188 | |||
| Other undisclosed current liabilities | 1,804 | 4,585 | 1,521 | 1,998 | 5,075 | |||
| Total current liabilities: | 7,102 | 6,306 | 2,624 | 3,233 | 13,945 | |||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 9,911 | 9,838 | 2,070 | 2,304 | 2,285 | |||
| Finance lease, liability | 1,889 | 1,906 | ✕ | ✕ | ✕ | |||
| Capital lease obligations | ✕ | ✕ | ✕ | 2,070 | 2,304 | 2,285 | ||
| Operating lease, liability | 8,022 | 7,932 | ✕ | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | (8,022) | |||||||
| Total noncurrent liabilities: | 9,911 | 9,838 | 2,070 | 2,304 | 2,285 | |||
| Total liabilities: | 17,014 | 16,144 | 4,693 | 5,537 | 16,230 | |||
| Stockholders' equity | ||||||||
| Stockholders' equity attributable to parent | 277,024 | 263,107 | 293,853 | 381,962 | 349,461 | |||
| Common stock | 24 | 24 | 24 | 24 | 24 | |||
| Treasury stock, value | (510) | (510) | (555) | (555) | (577) | |||
| Additional paid in capital | 97,435 | 95,043 | 95,021 | 94,525 | 94,157 | |||
| Accumulated other comprehensive income (loss) | 4,453 | (15,492) | (10,478) | 8,163 | (15,995) | |||
| Retained earnings | 175,622 | 184,042 | 209,842 | 279,806 | 271,853 | |||
| Total stockholders' equity: | 277,024 | 263,107 | 293,853 | 381,962 | 349,461 | |||
| TOTAL LIABILITIES AND EQUITY: | 294,038 | 279,251 | 298,547 | 387,499 | 365,691 | |||
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 | 28,207 | 10,597 | 2,595 | 107,522 | 149,275 | ||
| Other operating income | (408) | 282 | 434 | ||||
| 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: | 8,792 | 5,166 | 1,285 | 44,365 | 54,489 | ||
| 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) | 11,172 | 47,723 | ||
| Nonoperating income (expense) | (1,541) | 868 | 501 | 392 | 313 | ||
| Investment income, nonoperating | 291 | 447 | 661 | 556 | 488 | ||
| 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) | 160 | 164 | 175 | ||
| Income (loss) from continuing operations before income taxes: | (9,529) | (22,993) | (83,052) | 11,563 | 48,036 | ||
| 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) | 7,953 | 36,226 | ||
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) | 7,953 | 36,226 | ||
| Comprehensive income (loss): | (8,420) | (25,800) | (69,964) | 7,953 | 36,226 | ||
| 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) | 32,111 | 11,295 | ||
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.