Future FinTech Group Inc. (FTFT) financial statements (2021 and earlier)

Company profile

Business Address ROOM 2103, 21ST FLOOR, SK TOWER 6A
BEIJING, 100022
State of Incorp. FL
Fiscal Year End December 31
SIC 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 105150
Cash and cash equivalents 105150
Receivables 024543650
Inventory, net of allowances, customer advances and progress billings 00233
Inventory 00233
Disposal group, including discontinued operation 93    
Other current assets 2 1584
Other undisclosed current assets  (0) 45
Total current assets: 952462102113
Noncurrent Assets
Inventory, Noncurrent   2 0
Property, plant and equipment 02288283
Long-term investments and receivables 1415 33
Long-term investments 1215 33
Due from related parties 2    
Intangible assets, net (including goodwill) 521   
Intangible assets, net (excluding goodwill) 521   
Deposits noncurrent assets    10145
Other undisclosed noncurrent assets 2099(183)(128)
Total noncurrent assets: 213912933
Other undisclosed assets    157154
TOTAL ASSETS: 11663191262270
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 51101114837
Accounts payable 011111718
Accrued liabilities 5991002717
Taxes payable    41
Debt 1662934
Due to related parties  110 
Disposal group, including discontinued operation 196    
Other liabilities     0
Other undisclosed current liabilities 10   
Total current liabilities: 2031171187771
Noncurrent Liabilities
Long-term debt and lease obligation  32401417
Long-term debt, excluding current maturities  3222  
Capital lease obligations 181417
Other undisclosed noncurrent liabilities 1    
Total noncurrent liabilities: 132401417
Other undisclosed liabilities     0
Total liabilities: 2041501589187
Temporary equity, carrying amount    355
Stockholders' equity
Stockholders' equity attributable to parent, including: (92)(91)13135178
Common stock 00000
Additional paid in capital 10810610910559
Accumulated other comprehensive income (loss) 13(9)(94)(71)13
Retained earnings (accumulated deficit) (213)(188)(2)100106
Other undisclosed stockholders' equity attributable to parent  (0)   
Stockholders' equity attributable to noncontrolling interest 4520  
Other undisclosed stockholders' equity  0 355
Total stockholders' equity: (88)(87)33170183
Other undisclosed liabilities and equity    (35)(5)
TOTAL LIABILITIES AND EQUITY: 11663191262270

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

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues 11103486
Cost of revenue
(Cost of Goods and Services Sold)
 (0)(1)(9)(25)(60)
Gross profit: 0(0)2926
Operating expenses (13)(190)(101)(7)(16)
Other undisclosed operating loss  (0)   
Operating income (loss): (13)(191)(99)210
Nonoperating income (expense) (1)1(3)(1)(2)
Investment income, nonoperating (1)(2)(3)00
Other nonoperating income (expense) (0)2(0)0 
Interest and debt expense    (2)(4)
Other undisclosed income from continuing operations before equity method investments, income taxes    2 
Income (loss) from continuing operations before equity method investments, income taxes: (14)(190)(102)14
Other undisclosed income (loss) from continuing operations before income taxes    (2)4
Income (loss) from continuing operations before income taxes: (14)(190)(102)(1)8
Income tax expense  (0)(0) (4)
Other undisclosed loss from continuing operations    (0) 
Income (loss) from continuing operations: (14)(190)(102)(1)4
Loss from discontinued operations (12) (15)(5) 
Income (loss) before gain (loss) on sale of properties: (25)(190)(117)(6)4
Other undisclosed net income (loss) (2)20140 
Net income (loss): (27)(170)(103)(5)4
Net loss attributable to noncontrolling interest    (0)(1)
Other undisclosed net income attributable to parent 2    
Net income (loss) attributable to parent: (25)(170)(103)(6)3
Other undisclosed net income available to common stockholders, basic  17488  
Net income (loss) available to common stockholders, diluted: (25)4(15)(6)3

Comprehensive Income ($ in millions)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss): (27)(170)(103)(5)4
Other comprehensive loss     (4)
Other undisclosed comprehensive income (loss) 2469(28)(5) 
Comprehensive loss: (4)(101)(130)(10)(1)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 0 10(20)(0)
Comprehensive loss, net of tax, attributable to parent: (3)(101)(121)(30)(1)

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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