Borqs Technologies, Inc. (BRQS) financial statements (2021 and earlier)

Company profile

Business Address TOWER A, BLDG B23 UNIVERSAL BUSINESS PRK
CHAOYANG DISTRICT, BEIJING, 100015
State of Incorp.
Fiscal Year End December 31
SIC 7373 - Computer Integrated Systems Design (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
9/30/2017
Q3
6/30/2017
Q4
3/31/2017
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments113131600
Cash and cash equivalents113131600
Restricted cash and investments11033  
Receivables3137467241  
Inventory, net of allowances, customer advances and progress billings1114211718  
Inventory1114211718  
Prepaid expense56322  
Deferred costs11110  
Other undisclosed current assets322917111100
Total current assets:8389911209200
Noncurrent Assets
Property, plant and equipment11111  
Long-term investments and receivables121212    
Long-term investments121212    
Intangible assets, net (including goodwill)2121212121  
Goodwill11111  
Intangible assets, net (excluding goodwill)2021212020  
Assets held-in-trust     5460
Deferred costs54432  
Other noncurrent assets66633  
Deferred tax assets, net  221  
Other undisclosed noncurrent assets11     
Total noncurrent assets:45454529285460
TOTAL ASSETS:1281341361491205460
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:181916121100
Accrued liabilities5  411  
Employee-related liabilities33222  
Other undisclosed accounts payable and accrued liabilities1116146(2)00
Debt171817181411
Due to related parties    1200
Deferred revenue and credits1288  
Customer advances and deposits741  
Other liabilities    0  
Other undisclosed current liabilities2425145120  
Total current liabilities:606266936711
Noncurrent Liabilities
Long-term debt and lease obligation666    
Long-term debt, excluding current maturities666    
Liabilities, other than long-term debt44976  
Deferred revenue and credits534  
Deferred tax liabilities, net44442  
Other liabilities   00  
Other undisclosed noncurrent liabilities99321  
Total noncurrent liabilities:19191797  
Other undisclosed liabilities     0 
Total liabilities:7881831027421
Temporary equity, carrying amount     4754
Stockholders' equity
Stockholders' equity attributable to parent, including:505353474655
Common stock     77
Additional paid in capital125124124121120  
Accumulated other comprehensive income (loss)(3)(1)1(1)(1)  
Accumulated deficit(74)(71)(73)(74)(75)(2)(2)
Other undisclosed stockholders' equity attributable to parent22211  
Stockholders' equity attributable to noncontrolling interest(0)(0)     
Other undisclosed stockholders' equity  111  
Total stockholders' equity:495354484755
Other undisclosed liabilities and equity  (1)(1)(1)  
TOTAL LIABILITIES AND EQUITY:1281341361491205460

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

9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
9/30/2017
Q3
6/30/2017
Q4
3/31/2017
Q3
Revenues285658554500
Revenue, net585545  
Financial services revenue  00
Cost of revenue(24)(49)(49)(49)(36)  
Cost of goods and services sold(1)(1)(49)(49)(36)  
Gross profit:4896900
Operating expenses(5)(5)(6)(4)(20)(0)(1)
Other undisclosed operating income (loss)   00(0)(0)
Operating income (loss):(1)232(11)(0)(1)
Nonoperating income (expense)01(0)(0)0  
Foreign currency transaction gain (loss), before tax01(0)(0)(0)  
Other nonoperating income (expense)00(0)(0)0  
Interest and debt expense(1)(1)(0)(0)(0)  
Other undisclosed income from continuing operations before equity method investments, income taxes  000  
Income (loss) from continuing operations before equity method investments, income taxes:(2)232(12)(0)(1)
Other undisclosed income from continuing operations before income taxes     0 
Income (loss) from continuing operations before income taxes:(2)232(12)(0)(1)
Income tax expense (benefit)(0)0(1)(1)(0)  
Net income (loss):(2)210(12)(0)(1)
Net income (loss) attributable to noncontrolling interest(0)(0)(0)0(0)  
Other undisclosed net income (loss) attributable to parent     (0)0
Net income (loss) attributable to parent:(3)210(12)(0)(1)
Preferred stock dividends and other adjustments    (7)  
Net income (loss) available to common stockholders, diluted:(3)210(18)(0)(1)

Comprehensive Income ($ in millions)

9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
12/31/2017
Q4
9/30/2017
Q3
6/30/2017
Q4
3/31/2017
Q3
Net income (loss):(2)210(12)(0)(1)
Other comprehensive income (loss)(2)(2)111  
Comprehensive income (loss):(4)(0)31(11)(0)(1)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)(0)(0)0(0)  
Comprehensive income (loss), net of tax, attributable to parent:(4)(0)31(11)(0)(1)

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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