Sterling Consolidated Corporation (STCC) financial statements (2020 and earlier)

Company profile

Business Address 1105 GREEN GROVE ROAD
NEPTUNE, NJ 07753
State of Incorp. NV
Fiscal Year End December 31
SIC 305 - Gaskets, Packing, And Sealing Devices And Rubber (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2019
TTM
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 investments118323773113544
Cash and cash equivalents118323773113544
Receivables1,7034238462172170
Inventory, net of allowances, customer advances and progress billings3,1112,5602,5052,7232,7972,8892,726
Inventory3,1112,5602,5052,7232,7972,8892,726
Deferred tax assets254403566360126
Other undisclosed current assets 689354500670919548
Total current assets:4,9313,5773,3373,3323,5823,9544,113
Noncurrent Assets
Property, plant and equipment1,5361,6321,7511,9042,5272,5822,595
Intangible assets, net (including goodwill), including:11269861031202771
Goodwill    111
Intangible assets, net (excluding goodwill) (85)(68)(51)(34)290 
Other undisclosed intangible assets, net (including goodwill)112154154154153(15)
Deferred tax assets, net3101311021009(20)
Other undisclosed noncurrent assets351 403566360126
Total noncurrent assets:1,9992,0102,3712,1642,8102,9282,702
TOTAL ASSETS:6,9305,5875,7085,4966,3926,8826,815
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,7711,2781,2731,0221,2911,0081,369
Other undisclosed accounts payable and accrued liabilities1,7711,2781,2731,0221,2911,0081,369
Debt2,2481,7798608011,3071,3251,237
Derivative instruments and hedges, liabilities  21525  
Due to related parties5353   53 
Other liabilities1062716726988
Other undisclosed current liabilities      50
Total current liabilities:4,0733,1112,1981,9092,6892,6552,744
Noncurrent Liabilities
Long-term debt and lease obligation63121,0741,1361,1271,1861,196
Long-term debt, excluding current maturities63121,0741,1361,1271,1861,196
Liabilities, other than long-term debt1,5071,6641,6811,6821,7211,653 
Due to related parties1,5071,6641,6811,6821,7211,653 
Other undisclosed noncurrent liabilities      1,663
Total noncurrent liabilities:1,5691,6762,7552,8172,8482,8382,859
Total liabilities:5,6434,7874,9534,7275,5375,4935,603
Stockholders' equity
Stockholders' equity attributable to parent1,2888017557698541,3881,212
Common stock47424141414138
Additional paid in capital2,5692,0751,9631,4461,4461,4401,309
Accumulated other comprehensive loss     (12)(12)
Accumulated deficit(1,329)(1,316)(1,249)(718)(633)(80)(123)
Total stockholders' equity:1,2888017557698541,3881,212
TOTAL LIABILITIES AND EQUITY:6,9305,5875,7085,4966,3926,8826,815

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues8,9937,1116,4535,7396,3996,8276,185
Revenue, net6,4535,7396,3996,8276,185
Cost of revenue
(Cost of Goods and Services Sold)
(6,634)(4,954)(5,428)(4,176)(5,170)(4,848)(4,042)
Gross profit:2,3592,1561,0251,5631,2291,9802,143
Operating expenses(1,924)(1,847)(1,862)(1,468)(1,546)(1,673)(2,178)
Operating income (loss):435309(837)95(317)306(35)
Nonoperating expense(170)(152)(24)(184)(326)(129)(130)
Other nonoperating income (expense)7590(12)(39)(129)(130)
Interest and debt expense(177)(138)(125)(142)(151)(152)(123)
Income (loss) from continuing operations before equity method investments, income taxes:8819(986)(230)(795)25(289)
Other undisclosed income from continuing operations before income taxes177138125142151152123
Income (loss) from continuing operations before income taxes:265157(862)(89)(644)177(165)
Income tax expense (benefit)(256)(224)3304129(134)68
Net income (loss) attributable to parent:8(67)(531)(85)(515)43(98)
Other undisclosed net loss available to common stockholders, basic      (0)
Net income (loss) available to common stockholders, diluted:8(67)(531)(85)(515)43(98)

Comprehensive Income ($ in thousands)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):8(67)(531)(85)(515)43(98)
Comprehensive income (loss):8(67)(531)(85)(515)43(98)
Other undisclosed comprehensive loss, net of tax, attributable to parent      (10)
Comprehensive income (loss), net of tax, attributable to parent:8(67)(531)(85)(515)43(108)

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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