Electronic Cigarettes International Group, LTD (ECIGQ) financial statements (2020 and earlier)

Company profile

Business Address 14200 IRONWOOD DRIVE
GRAND RAPIDS, MI 49534
State of Incorp. NV
Fiscal Year End December 31
SIC 2111 - Cigarettes (benchmarking)
More info Complete financial analysis Financial benchmarking

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

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 investments1111141
Cash and cash equivalents1111141
Receivables2223434
Inventory, net of allowances, customer advances and progress billings3455555
Inventory3455555
Prepaid expense3122353
Assets held-for-sale, not part of disposal group1      
Other undisclosed current assets    (1)(2)(0)
Total current assets:1081011121513
Noncurrent Assets
Property, plant and equipment2222222
Intangible assets, net (including goodwill)54747982103107106
Goodwill33464748565755
Intangible assets, net (excluding goodwill)21283234475050
Other undisclosed noncurrent assets  0000 
Total noncurrent assets:56768184106110108
TOTAL ASSETS:65839195118124121
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:11157128723
Accounts payable435491011
Accrued liabilities411    2
Taxes payable3      
Other undisclosed accounts payable and accrued liabilities  37(1)(3)9
Debt2352923298(54)
Due to related parties  0000 
Other liabilities      2
Other undisclosed current liabilities262872591012213
Total current liabilities:3977108944626183
Noncurrent Liabilities
Long-term debt and lease obligation97667168526954
Long-term debt, excluding current maturities97667168526954
Liabilities, other than long-term debt3454537141
Deferred tax liabilities, net3454555
Derivative instruments and hedges, liabilities    486636
Other undisclosed noncurrent liabilities      (52)
Total noncurrent liabilities:10070757210614044
Total liabilities:139147183166152166227
Stockholders' equity
Stockholders' equity attributable to parent, including:(73)(64)(92)(71)(34)(42)(106)
Common stock0000000
Additional paid in capital399392389388388387369
Accumulated other comprehensive loss(11)(10)(6)(4)(4)(1)(5)
Accumulated deficit(461)(446)(475)(454)   
Warrants and rights outstanding    4866 
Other undisclosed stockholders' equity attributable to parent    (467)(493)(470)
Total stockholders' equity:(73)(64)(92)(71)(34)(42)(106)
TOTAL LIABILITIES AND EQUITY:65839195118124121

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

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
Revenues10121216151211
Revenue, net10121   3
Cost of revenue
(Cost of Goods and Services Sold)
(4)(5)(5)(7)(6)(6)(6)
Gross profit:6779965
Operating expenses(11)(13)(11)(25)(13)(14)(23)
Operating loss:(5)(6)(5)(16)(4)(8)(18)
Nonoperating income (expense)435(16)(14)1451(50)
Investment income, nonoperating(14)      
Debt instrument, convertible, beneficial conversion feature    38,895  
Interest and debt expense(24)(3)(9)140(5)(14)(39)
Income (loss) from continuing operations before equity method investments, income taxes:(25)25(29)110429(107)
Other undisclosed income (loss) from continuing operations before income taxes2439(140)51439
Income (loss) from continuing operations before income taxes:(1)28(20)(30)1043(67)
Income tax expense (benefit)(0)0(0)1(0)(0)(0)
Income (loss) from continuing operations:(1)28(20)(29)943(68)
Loss from discontinued operations(14)      
Net income (loss) attributable to parent:(15)28(20)(29)943(68)
Other undisclosed net income available to common stockholders, basic    1  
Net income (loss) available to common stockholders, basic:(15)28(20)(29)1143(68)
Interest on convertible debt 0     
Net income (loss) available to common stockholders, diluted:(15)29(20)(29)1143(68)

Comprehensive Income ($ in millions)

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):(15)28(20)(29)943(68)
Other comprehensive income (loss)  (22)(30)746(3)
Comprehensive income (loss):(15)28(43)(58)1689(71)
Other undisclosed comprehensive loss, net of tax, attributable to parent(1)(2)     
Comprehensive income (loss), net of tax, attributable to parent:(16)26(43)(58)1689(71)

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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