CBAK Energy Technology, Inc. (CBAT) financial statements (2022 and earlier)

Company profile

Business Address BAK INDUSTRIAL PARK, MEIGUI STREET
DALIAN, 116422
State of Incorp. NV
Fiscal Year End December 31
SIC 369 - Miscellaneous Electrical Machinery, Equipment, and Supplies (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
9/30/2016
9/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 11,6821,6134501,6451,9536,763
Cash and cash equivalents 11,6821,6134501,6451,9536,763
Net investment in lease 235 
Receivables 34,16412,13127,16557,5192,3824,772
Inventory, net of allowances, customer advances and progress billings 5,2538,6679,6229,83216,5403,058
Inventory 5,2538,6679,6229,83216,5403,058
Prepaid expense 529317309   
Deposits current assets 8,9905,52117,2409,1044,5691,520
Other undisclosed current assets 2,3182401,5847,1456,8993,459
Total current assets: 63,17028,48956,37085,24432,34419,571
Noncurrent Assets
Finance lease, right-of-use asset  7,194
Operating lease, right-of-use asset 7,5017,194
Net investment in lease 850 
Property, plant and equipment 41,04038,17838,90934,96620,73522,275
Intangible assets, net (including goodwill) 121521202327
Intangible assets, net (excluding goodwill) 121521202327
Other undisclosed noncurrent assets 30,19314,51332,28532,90240,21021,495
Total noncurrent assets: 79,59767,09571,21467,88760,96843,796
TOTAL ASSETS: 142,76795,584127,584153,13193,31263,367
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 15616,09827,47265,61718,55210,020
Accounts payable  11,15723,13465,61718,5524,911
Accrued liabilities 1562,3461,865   
Employee-related liabilities  2,5952,473   
Taxes payable      5,109
Debt 15,14519,5644,2521521,69712,767
Derivative instruments and hedges, liabilities 17,783     
Due to related parties  39913,34722,3034,382 
Other liabilities  7,35214,14814,6364,391185
Other undisclosed current liabilities 40,62515,58633,73014,20918,56211,570
Total current liabilities: 73,70958,99892,949116,91747,58334,542
Noncurrent Liabilities
Long-term debt and lease obligation 7,30513,63824,92724,20223,7387,014
Long-term debt, excluding current maturities 7,30513,63824,92724,20223,7387,014
Liabilities, other than long-term debt 1,8362,2472,2512,280 143
Accounts payable and accrued liabilities 1,8362,2472,2512,280  
Deferred tax liabilities, net   143
Other undisclosed noncurrent liabilities 7,5117,0437,1297,5376,901 
Total noncurrent liabilities: 16,65222,92734,30734,01930,6387,157
Total liabilities: 90,36081,926127,256150,93678,22241,698
Stockholders' equity
Stockholders' equity attributable to parent, including: 52,39913,6053152,19615,09021,669
Common stock 795327262013
Treasury stock, value (4,067)(4,067)(4,067)(4,067)(4,067)(4,067)
Additional paid in capital 225,278180,209155,932155,711145,008138,036
Accumulated other comprehensive loss (240)(1,745)(1,499)(1,341)(1,398)(493)
Accumulated deficit (183,984)(176,177)(165,410)(163,467)(139,805)(125,922)
Other undisclosed stockholders' equity attributable to parent 15,33215,33215,33215,33215,33214,102
Stockholders' equity attributable to noncontrolling interest 85312   
Total stockholders' equity: 52,40713,6583272,19615,09021,669
TOTAL LIABILITIES AND EQUITY: 142,76795,584127,584153,13193,31263,367

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
9/30/2016
9/30/2015
Revenues 37,56622,19424,43358,37510,36913,904
Revenue, net58,37510,36913,904
Cost of revenue (34,852)(21,572)(27,732)(68,571)(12,100)(12,955)
Cost of goods and services sold (26,062)(25,505)(160)(5,777)(439)(221)
Gross profit: 2,714623(3,299)(10,195)(1,730)950
Operating expenses (11,194)(10,711)(10,140)(10,982)(10,392)(4,599)
Operating loss: (8,480)(10,089)(13,439)(21,178)(12,123)(3,649)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
 (40)62012,316(45)143(91)
Interest and debt expense (1,710)(2,293)(2,271)   
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 2,3839091,436(245) 23,103
Income (loss) from continuing operations before income taxes: (7,847)(10,853)(1,957)(21,467)(11,980)19,363
Income tax expense     (673)(5,321)
Income (loss) from continuing operations: (7,847)(10,853)(1,957)(21,467)(12,652)14,043
Income from discontinued operations      1,831
Net income (loss): (7,847)(10,853)(1,957)(21,467)(12,652)15,874
Net income attributable to noncontrolling interest 408614   
Net income (loss) available to common stockholders, diluted: (7,807)(10,768)(1,943)(21,467)(12,652)15,874

Comprehensive Income ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
9/30/2016
9/30/2015
Net income (loss): (7,847)(10,853)(1,957)(21,467)(12,652)15,874
Comprehensive income (loss): (7,847)(10,853)(1,957)(21,467)(12,652)15,874
Comprehensive income, net of tax, attributable to noncontrolling interest 458715   
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 1,500(246)(159)621(905)(467)
Comprehensive income (loss), net of tax, attributable to parent: (6,302)(11,013)(2,102)(20,846)(13,558)15,407

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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