American Electric Technologies, Inc. (AETI) financial statements (2021 and earlier)

Company profile

Business Address 10375 RICHMOND AVENUE
HOUSTON, TX 77042
State of Incorp. FL
Fiscal Year End December 31
SIC 4924 - Natural Gas Distribution (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4511260
Cash and cash equivalents4511260
Receivables6511121
Inventory, net of allowances, customer advances and progress billings0000000
Inventory0000000
Prepaid expense12     
Contract with customer, asset  110 1
Disposal group, including discontinued operation      12
Other undisclosed current assets2200000
Total current assets:1413434815
Noncurrent Assets
Property, plant and equipment606311111
Long-term investments and receivables1191011101010
Long-term investments1191011101010
Intangible assets, net (including goodwill)45     
Goodwill45     
Disposal group, including discontinued operation, noncurrent assets      7
Other noncurrent assets0000000
Deferred tax assets, net  0
Other undisclosed noncurrent assets1100   
Total noncurrent assets:77781111111017
TOTAL ASSETS:90911514151832
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:10432211
Accounts payable5   0  
Accrued liabilities55  1  
Employee-related liabilities    111
Taxes payable    0  
Other undisclosed accounts payable and accrued liabilities (1)320  
Debt2201006
Disposal group, including discontinued operation      14
Other undisclosed current liabilities41000 42
Total current liabilities:1517333522
Noncurrent Liabilities
Long-term debt and lease obligation 1     
Long-term debt, excluding current maturities 1     
Liabilities, other than long-term debt6500000
Deferred compensation liability, classified  00000
Due to related parties65     
Other undisclosed noncurrent liabilities1100   
Total noncurrent liabilities:7700000
Total liabilities:2223333523
Temporary equity, carrying amount  55444
Stockholders' equity
Stockholders' equity attributable to parent686877785
Common stock0000000
Treasury stock, value  (1)(1)(1)(1)(1)
Additional paid in capital91911414141514
Accumulated other comprehensive loss(0)(1)(0)(0)(0)(1)(0)
Accumulated deficit(23)(22)(6)(6)(5)(5)(8)
Total stockholders' equity:686877785
TOTAL LIABILITIES AND EQUITY:90911514151832

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues121121222
Cost of revenue(8)(8)(2)(1)(1)(1)(2)
Cost of goods and services sold  (2)(1)(1)(1)(2)
Gross profit:4300111
Operating expenses(6)(6)(1)(1)0(1)(1)
Operating income (loss):(1)(3)(1)(1)1(1)(0)
Nonoperating income (expense)0000(0)0(0)
Other nonoperating income0000   
Interest and debt expense(0)(0) (0)   
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(0)0  (0)  
Income (loss) from continuing operations before equity method investments, income taxes:(1)(3)(0)(1)0(1)(0)
Income from equity method investments1000000
Other undisclosed loss from continuing operations before income taxes(0)(0)(0)(0)(0)(0)(0)
Income (loss) from continuing operations before income taxes:(0)(3)0(0)0(1)0
Income tax expense (benefit)(0)(0)(0) 0(0)(0)
Income (loss) from continuing operations:(1)(3)(0)(0)1(1)0
Income (loss) from discontinued operations    (2)4(2)
Net income (loss) attributable to parent:(1)(3)(0)(0)(1)4(2)
Preferred stock dividends and other adjustments  (0)(0)(0)(0)(0)
Net income (loss) available to common stockholders, diluted:(1)(3)(0)(1)(1)3(2)

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income (loss):(1)(3)(0)(0)(1)4(2)
Other undisclosed comprehensive loss(0)      
Comprehensive income (loss):(1)(3)(0)(0)(1)4(2)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent0(1)(0)00(0)(1)
Comprehensive income (loss), net of tax, attributable to parent:(1)(4)(0)(0)(1)3(3)

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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