Gulf Resources, Inc. (GURE) financial statements (2021 and earlier)

Company profile

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

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

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 100179209164134
Cash and cash equivalents 100179209164134
Inventory, net of allowances, customer advances and progress billings 1(0)167
Inventory 1(0)167
Prepaid expense  0000
Deferred tax assets   0
Other undisclosed current assets 68315250
Total current assets: 107187242222191
Noncurrent Assets
Finance lease, right-of-use asset 0
Operating lease, right-of-use asset 9
Property, plant and equipment 1388295109128
Intangible assets, net (including goodwill)   292830
Goodwill   292830
Prepaid expense 9101455
Deferred tax assets, net19722
Other undisclosed noncurrent assets 160011
Total noncurrent assets: 172111146144166
TOTAL ASSETS: 279299387366357
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 111910
Accounts payable 01189
Accrued liabilities 0    
Employee-related liabilities 00100
Taxes payable  1145
Other undisclosed accounts payable and accrued liabilities 0(1)(1)(4)(4)
Debt 10000
Other undisclosed current liabilities 52256
Total current liabilities: 6331416
Noncurrent Liabilities
Long-term debt and lease obligation 102223
Finance lease, liability 2
Capital lease obligations2223
Operating lease, liability 8
Total noncurrent liabilities: 102223
Total liabilities: 16561619
Stockholders' equity
Stockholders' equity attributable to parent 263294382349338
Common stock 00000
Treasury stock, value (1)(1)(1)(1)(1)
Additional paid in capital 9595959494
Accumulated other comprehensive income (loss) (15)(10)8(16)9
Retained earnings 184210280272236
Total stockholders' equity: 263294382349338
TOTAL LIABILITIES AND EQUITY: 279299387366357

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

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues 113108149162
Other operating income  (0)000
Cost of revenue (5)(1)(63)(95)(109)
Cost of goods and services sold (15)(0)(0)(0)(0)
Gross profit: 51445453
Operating expenses (13)(47)(0)(2)(7)
Other undisclosed operating loss (15)(38)(33)(5)(1)
Operating income (loss): (23)(84)114845
Nonoperating income 11000
Investment income, nonoperating 01100
Foreign currency transaction gain, before tax 0    
Interest and debt expense (0)(0)(0)(0)(0)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (0)0000
Income (loss) from continuing operations before income taxes: (23)(83)124845
Income tax expense (benefit) (3)13(4)(12)(11)
Net income (loss) available to common stockholders, diluted: (26)(70)83634

Comprehensive Income ($ in millions)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss): (26)(70)83634
Comprehensive income (loss): (26)(70)83634
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (5)(19)24(25)(22)
Comprehensive income (loss), net of tax, attributable to parent: (31)(89)321112

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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