Electronic Cigarettes International Group, LTD (ECIGQ) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
14200 IRONWOOD DRIVE GRAND RAPIDS, MI 49534 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 2111 - Cigarettes (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 9/30/2016 Q3 | 6/30/2016 Q2 | 3/31/2016 Q1 | 12/31/2015 Q4 | 9/30/2015 Q3 | 6/30/2015 Q2 | 3/31/2015 Q1 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 630 | 950 | 690 | 1,288 | 3,760 | 1,021 | |||
| Cash and cash equivalents | 630 | 950 | 690 | 1,288 | 3,760 | 1,021 | |||
| Receivables | 1,801 | 2,041 | 2,957 | 3,879 | 3,240 | 4,229 | |||
| Inventory, net of allowances, customer advances and progress billings | 3,649 | 4,787 | 5,118 | 4,601 | 4,699 | 5,053 | |||
| Inventory | 3,649 | 4,787 | 5,118 | 4,601 | 4,699 | 5,053 | |||
| Prepaid expense | 1,468 | 2,362 | 2,271 | 3,128 | 4,930 | 2,911 | |||
| Asset, held-for-sale, not part of disposal group | |||||||||
| Other undisclosed current assets | (644) | (1,955) | (461) | ||||||
| Total current assets: | 7,548 | 10,140 | 11,036 | 12,252 | 14,674 | 12,754 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 1,934 | 2,000 | 2,099 | 2,021 | 2,076 | 2,140 | |||
| Intangible assets, net (including goodwill) | 73,790 | 78,596 | 81,896 | 103,170 | 107,250 | 105,917 | |||
| Goodwill | 45,523 | 47,046 | 47,723 | 55,998 | 56,978 | 55,443 | |||
| Intangible assets, net (excluding goodwill) | 28,267 | 31,550 | 34,173 | 47,172 | 50,272 | 50,474 | |||
| Other undisclosed noncurrent assets | 141 | 283 | 352 | 225 | |||||
| Total noncurrent assets: | 75,724 | 80,737 | 84,278 | 105,543 | 109,551 | 108,057 | |||
| TOTAL ASSETS: | 83,272 | 90,877 | 95,314 | 117,795 | 124,225 | 120,811 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 14,679 | 7,440 | 11,674 | 7,611 | 6,838 | 23,022 | |||
| Taxes payable | |||||||||
| Accounts payable | 3,471 | 4,668 | 4,463 | 8,879 | 9,916 | 11,256 | |||
| Accrued liabilities | 11,208 | 2,308 | |||||||
| Other undisclosed accounts payable and accrued liabilities | 2,772 | 7,211 | (1,268) | (3,078) | 9,459 | ||||
| Debt | 34,811 | 28,611 | 22,942 | 28,592 | 7,649 | (54,247) | |||
| Due to related parties | 78 | 15 | 5 | 30 | |||||
| Other liabilities | 1,574 | ||||||||
| Other undisclosed current liabilities | 27,948 | 71,944 | 59,356 | 10,173 | 11,695 | 212,703 | |||
| Total current liabilities: | 77,438 | 108,073 | 93,987 | 46,381 | 26,212 | 183,053 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 66,314 | 70,679 | 67,971 | 52,366 | 69,445 | 54,247 | |||
| Long-term debt, excluding current maturities | 66,314 | 70,679 | 67,971 | 52,366 | 69,445 | 54,247 | |||
| Liabilities, other than long-term debt | 3,712 | 4,505 | 4,318 | 53,319 | 70,627 | 41,424 | |||
| Deferred tax liabilities, net | 3,712 | 4,505 | 4,318 | 5,002 | 5,002 | 5,187 | |||
| Derivative instruments and hedges, liabilities | 48,317 | 65,625 | 36,237 | ||||||
| Other undisclosed noncurrent liabilities | (51,580) | ||||||||
| Total noncurrent liabilities: | 70,026 | 75,184 | 72,289 | 105,685 | 140,072 | 44,090 | |||
| Total liabilities: | 147,464 | 183,257 | 166,276 | 152,066 | 166,284 | 227,143 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (64,192) | (92,380) | (70,962) | (34,271) | (42,059) | (106,332) | |||
| Common stock | 75 | 75 | 75 | 73 | 70 | 36 | |||
| Additional paid in capital | 391,612 | 388,543 | 387,793 | 387,655 | 386,816 | 368,649 | |||
| Accumulated other comprehensive loss | (10,112) | (6,215) | (4,478) | (3,641) | (1,358) | (4,646) | |||
| Accumulated deficit | (445,767) | (474,783) | (454,352) | ||||||
| Warrants and rights outstanding | 48,317 | 65,625 | |||||||
| Other undisclosed equity, attributable to parent | (466,675) | (493,212) | (470,371) | ||||||
| Total equity: | (64,192) | (92,380) | (70,962) | (34,271) | (42,059) | (106,332) | |||
| TOTAL LIABILITIES AND EQUITY: | 83,272 | 90,877 | 95,314 | 117,795 | 124,225 | 120,811 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 9/30/2016 Q3 | 6/30/2016 Q2 | 3/31/2016 Q1 | 12/31/2015 Q4 | 9/30/2015 Q3 | 6/30/2015 Q2 | 3/31/2015 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 11,755 | 11,718 | 15,722 | 15,401 | 12,013 | 11,092 | ||
| Revenue, net | 11,755 | 538 | 2,500 | |||||
| Cost of revenue (Cost of Goods and Services Sold) | (5,172) | (5,069) | (6,610) | (6,096) | (5,778) | (5,830) | ||
| Gross profit: | 6,583 | 6,649 | 9,112 | 9,305 | 6,235 | 5,262 | ||
| Operating expenses | (12,785) | (11,254) | (25,063) | (13,430) | (13,922) | (22,945) | ||
| Operating loss: | (6,202) | (4,605) | (15,951) | (4,125) | (7,687) | (17,683) | ||
| Nonoperating income (expense) | 34,579 | (15,635) | (13,767) | 13,658 | 50,666 | (49,568) | ||
| Investment income, nonoperating | ||||||||
| Debt instrument, convertible, beneficial conversion feature | 38,894,655 | |||||||
| Interest and debt expense | (3,309) | (8,571) | 139,714 | (5,140) | (14,066) | (39,285) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 25,068 | (28,811) | 109,996 | 4,393 | 28,913 | (106,536) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 3,309 | 8,571 | (139,714) | 5,140 | 14,066 | 39,285 | ||
| Income (loss) from continuing operations before income taxes: | 28,377 | (20,240) | (29,718) | 9,533 | 42,979 | (67,251) | ||
| Income tax expense (benefit) | 81 | (191) | 993 | (304) | (195) | (252) | ||
| Income (loss) from continuing operations: | 28,458 | (20,431) | (28,725) | 9,229 | 42,784 | (67,503) | ||
| Income (loss) before gain (loss) on sale of properties: | 28,458 | (20,431) | (28,725) | 9,229 | 42,784 | (67,503) | ||
| Loss from discontinued operations | ||||||||
| Net income (loss) attributable to parent: | 28,458 | (20,431) | (28,725) | 9,229 | 42,784 | (67,503) | ||
| Other undisclosed net income available to common stockholders, basic | 1,280 | |||||||
| Net income (loss) available to common stockholders, basic: | 28,458 | (20,431) | (28,725) | 10,509 | 42,784 | (67,503) | ||
| Interest on convertible debt | 389 | |||||||
| Net income (loss) available to common stockholders, diluted: | 28,847 | (20,431) | (28,725) | 10,509 | 42,784 | (67,503) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 9/30/2016 Q3 | 6/30/2016 Q2 | 3/31/2016 Q1 | 12/31/2015 Q4 | 9/30/2015 Q3 | 6/30/2015 Q2 | 3/31/2015 Q1 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 28,458 | (20,431) | (28,725) | 9,229 | 42,784 | (67,503) | ||
| Other comprehensive income (loss) | (22,168) | (29,562) | 6,946 | 46,072 | (3,292) | |||
| Comprehensive income (loss): | 28,458 | (42,599) | (58,287) | 16,175 | 88,856 | (70,795) | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (2,387) | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 26,071 | (42,599) | (58,287) | 16,175 | 88,856 | (70,795) | ||
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.