CPI Aerostructures, Inc. (CVU) financial statements (2021 and earlier)

Company profile

Business Address 200A EXECUTIVE DR
EDGEWOOD, NY 11717
State of Incorp. NY
Fiscal Year End December 31
SIC 3728 - Aircraft Parts and Auxiliary Equipment, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments472401
Cash and cash equivalents472401
Receivables7778119
Inventory, net of allowances, customer advances and progress billings98761012
Inventory98761012
Contract with customer, asset1816161514120
Other undisclosed current assets222233
Total current assets:4039333539145
Noncurrent Assets
Operating lease, right-of-use asset334445
Nontrade receivables    0 
Property, plant and equipment333333
Intangible assets, net (including goodwill)2222  
Goodwill2222  
Intangible assets, net (excluding goodwill)0000  
Other noncurrent assets000000
Other undisclosed noncurrent assets     0
Total noncurrent assets:8891089
TOTAL ASSETS:4847424447154
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities161311111313
Accounts payable139881112
Accrued liabilities343221
Taxes payable000000
Deferred revenue255423
Debt650000
Other undisclosed current liabilities3466729
Total current liabilities:282722212146
Noncurrent Liabilities
Long-term debt and lease obligation, including:950111
Long-term debt, excluding current maturities831223
Operating lease, liability122333
Other undisclosed long-term debt and lease obligation  (3)(4)(4)(5)
Other undisclosed noncurrent liabilities20252731318
Total noncurrent liabilities:30313031329
Total liabilities:575852525355
Stockholders' equity
Stockholders' equity attributable to parent(10)(11)(10)(8)(6)98
Common stock000000
Additional paid in capital727272717171
Retained earnings (accumulated deficit)(82)(82)(82)(79)(78)27
Total stockholders' equity:(10)(11)(10)(8)(6)98
TOTAL LIABILITIES AND EQUITY:4847424447154

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

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues262017232323
Cost of revenue(21)(17)(16)(20)(21)(18)
Gross profit:431225
Operating expenses(3)(3)(3)(3)(3)(3)
Operating income (loss):1(0)(2)(1)(1)2
Interest and debt expense(0)(0)(0)(1)(0)(1)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (2)  
Income (loss) from continuing operations before equity method investments, income taxes:1(1)(3)(3)(1)2
Other undisclosed income from continuing operations before income taxes   2  
Income (loss) from continuing operations before income taxes:1(1)(3)(1)(1)2
Income tax expense (benefit)(0)(0)(0)0(0)1
Net income (loss) available to common stockholders, diluted:1(1)(3)(1)(1)3

Comprehensive Income ($ in millions)

9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):1(1)(3)(1)(1)3
Comprehensive income (loss), net of tax, attributable to parent:1(1)(3)(1)(1)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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