China XD Plastics Co Ltd (CXDC) Financial Statements (2024 and earlier)

Company Profile

Business Address 500 5TH AVENUE, STE 960
NEW YORK, NY 10110
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 3086 - Plastics Foam Products (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2020
Q4
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 investments216,378129,22612,20717,20221,019194,763
Cash and cash equivalents15,2066,33612,20717,20221,019194,763
Short-term investments 201,172122,890    
Restricted cash and investments 176,431164,739 211,231224,647 
Receivables153,899187,949243,732228,927329,683116,328
Inventory, net of allowances, customer advances and progress billings749,370678,543630,113642,510699,003734,185
Inventory749,370678,543630,113642,510699,003734,185
Prepaid expense78,19591,593230,108118,167131,09080,566
Other current assets5,9011,7708,0304,2597,90310,991
Other undisclosed current assets270,549305,323178,22742,56782,154376,098
Total current assets:1,650,7231,559,1431,302,4171,264,8631,495,4981,512,932
Noncurrent Assets
Operating lease, right-of-use asset43,86743,10843,39844,15015,60215,761
Property, plant and equipment856,811813,776820,919830,320798,105824,360
Long-term investments and receivables    335378
Accounts and financing receivable, after allowance for credit loss    335378
Prepaid expense460,193502,049501,507495,570436,327448,633
Deferred income tax assets      
Other noncurrent assets1,2917377369798013,154
Other undisclosed noncurrent assets    28,13029,062
Total noncurrent assets:1,362,1611,359,6701,366,5601,371,0201,279,3011,321,348
TOTAL ASSETS:3,012,8832,918,8132,668,9772,635,8822,774,7992,834,280
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities161,701152,981207,224170,468303,944200,893
Taxes payable 27,76628,76322,47326,459 18,314
Accounts payable50,30648,20063,09557,459205,440115,275
Accrued liabilities83,62976,018121,65586,55098,50367,303
Debt795,500770,944672,728681,563620,913680,475
Due to related parties25,02125,87625,85626,25228,44520,073
Other undisclosed current liabilities360,974332,524362,478400,671452,394576,258
Total current liabilities:1,343,1961,282,3251,268,2861,278,9541,405,6961,477,698
Noncurrent Liabilities
Long-term debt and lease obligation617,110589,702359,492336,886291,032267,092
Long-term debt, excluding current maturities602,953575,452345,156322,456276,518252,503
Liabilities, other than long-term debt175,246170,145182,57691,028188,253193,947
Deferred revenue90,56088,29990,032 93,21497,122
Other liabilities84,68681,84692,54491,02895,03996,825
Operating lease, liability14,15714,25014,33614,42914,51314,588
Other undisclosed noncurrent liabilities   45,87192,640  
Total noncurrent liabilities:792,355759,847587,939520,554479,285461,038
Total liabilities:2,135,5512,042,1721,856,2251,799,5081,884,9801,938,736
Temporary equity, carrying amount      97,576
Equity
Equity, attributable to parent829,285830,734812,752836,374889,819797,967
Preferred stock000000
Common stock777775
Treasury stock, value(93)(93)(93)(93)(93)(93)
Additional paid in capital188,397184,208184,208184,208184,20886,634
Accumulated other comprehensive loss(47,490)(80,085)(80,491)(67,908)(79,465)(56,775)
Retained earnings688,464726,697709,121720,159785,161768,196
Equity, attributable to noncontrolling interest48,04745,907    
Total equity:877,332876,641812,752836,374889,819797,967
TOTAL LIABILITIES AND EQUITY:3,012,8832,918,8132,668,9772,635,8822,774,7992,834,280

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues290,055283,224144,838310,506373,159463,074
Cost of revenue
(Cost of Goods and Services Sold)
(255,492)(243,332)(139,600)(266,815)(313,045)(397,813)
Gross profit:34,56339,8925,23843,69160,11565,261
Operating expenses(44,312)(9,526)(9,988)(88,959)(26,339)(15,564)
Other undisclosed operating loss      
Operating income (loss):(9,749)30,365(4,750)(45,268)33,77649,697
Nonoperating expense(26,701)(14,675)(5,399)(17,564)(11,227)(6,943)
Gain (loss), foreign currency transaction, before tax(6,841)(178)2,368(2,088)4,0663,051
Interest and debt expense(22,927)(15,915)(17,916)(20,647)(17,036)(12,059)
Income (loss) from continuing operations before equity method investments, income taxes:(59,376)(224)(28,066)(83,479)5,51230,695
Other undisclosed income from continuing operations before income taxes22,92715,91517,91620,64717,03612,059
Income (loss) from continuing operations before income taxes:(36,450)15,691(10,149)(62,833)22,54842,754
Income tax expense (benefit)(1,623)1,885(889)(2,169)(5,583)(2,643)
Other undisclosed income (loss) from continuing operations(160)     
Income (loss) from continuing operations:(38,233)17,576(11,038)(65,002)16,96540,111
Income (loss) before gain (loss) on sale of properties:(38,233)17,576(11,038)(65,002)16,96540,111
Net income (loss):(38,233)17,576(11,038)(65,002)16,96540,111
Other undisclosed net income (loss) attributable to parent160     
Net income (loss) available to common stockholders, basic:(38,073)17,576(11,038)(65,002)16,96540,111
Other undisclosed net income (loss) available to common stockholders, diluted(160)  15,431(3,834)(9,586)
Net income (loss) available to common stockholders, diluted:(38,233)17,576(11,038)(49,571)13,13130,525

Comprehensive Income ($ in thousands)

12/31/2020
Q4
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):(38,233)17,576(11,038)(65,002)16,96540,111
Other comprehensive loss   (12,583)   
Other undisclosed comprehensive income (loss)   24,733  
Comprehensive income (loss):(38,233)17,576(23,622)(40,269)16,96540,111
Comprehensive income (loss), net of tax, attributable to noncontrolling interest5,638(17,982)    
Other undisclosed comprehensive income (loss), net of tax, attributable to parent27,27818,388 (13,175)(22,690)(16,713)
Comprehensive income (loss), net of tax, attributable to parent:(5,318)17,982(23,622)(53,444)(5,725)23,398

Statements Sources

The financial statements are based on the Company's filings with 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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