Sutor Technology Group LTD (TORZ) financial statements (2020 and earlier)

Company profile

Business Address 426 SOUTH 1000 EAST
SALT LAKE CITY, UT 84102
State of Incorp. NV
Fiscal Year End June 30
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)

6/30/2014
6/30/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments154
Cash and cash equivalents124
Short-term investments3 
Restricted cash and investments61 
Receivables78
Inventory, net of allowances, customer advances and progress billings7852
Inventory7852
Advances on inventory purchases943
Other current assets 3
Other undisclosed current assets306295
Total current assets:476406
Noncurrent Assets
Property, plant and equipment8772
Long-term investments and receivables27
Long-term investments27
Intangible assets, net (including goodwill)43
Intangible assets, net (excluding goodwill)43
Other undisclosed noncurrent assets017
Total noncurrent assets:9398
TOTAL ASSETS:568504
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities686
Accounts payable683
Taxes payable13
Debt139146
Due to related parties13620
Customer advances and deposits8
Other undisclosed current liabilities2215
Total current liabilities:312268
Noncurrent Liabilities
Long-term debt and lease obligation31
Long-term debt, excluding current maturities31
Liabilities, other than long-term debt8 
Due to related parties8 
Total noncurrent liabilities:111
Total liabilities:323269
Stockholders' equity
Stockholders' equity attributable to parent, including:245235
Common stock00
Treasury stock, value(1)(1)
Additional paid in capital4442
Accumulated other comprehensive income4241
Retained earnings137132
Other undisclosed stockholders' equity attributable to parent2320
Total stockholders' equity:245235
TOTAL LIABILITIES AND EQUITY:568504

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

6/30/2014
6/30/2013
Revenues
(Revenue, Net)
405612
Cost of revenue(372)(567)
Cost of goods and services sold(0)(567)
Gross profit:3445
Operating expenses(16)(19)
Operating income:1726
Nonoperating expense(7)(7)
Investment income, nonoperating03
Interest and debt expense(10)(10)
Other undisclosed income from continuing operations before equity method investments, income taxes1010
Income from continuing operations before equity method investments, income taxes:1020
Income from equity method investments00
Income from continuing operations before income taxes:1020
Income tax expense(3)(3)
Income before gain (loss) on sale of properties:717
Other undisclosed net loss(0)(0)
Net income available to common stockholders, diluted:717

Comprehensive Income ($ in millions)

6/30/2014
6/30/2013
Net income:717
Other undisclosed comprehensive income16
Comprehensive income, net of tax, attributable to parent:823

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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