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 | 1 | 0 | 5 | 1 | 50 | |||
| Cash and cash equivalents | 1 | 0 | 5 | 1 | 50 | |||
| Receivables | 0 | 24 | 54 | 36 | 50 | |||
| Inventory, net of allowances, customer advances and progress billings | 0 | 0 | 2 | 3 | 3 | |||
| Inventory | 0 | 0 | 2 | 3 | 3 | |||
| Disposal group, including discontinued operation | 93 | |||||||
| Other current assets | 2 | 1 | 58 | 4 | ||||
| Other undisclosed current assets | (0) | 4 | 5 | |||||
| Total current assets: | 95 | 24 | 62 | 102 | 113 | |||
| Noncurrent Assets | ||||||||
| Inventory, Noncurrent | 2 | 0 | ||||||
| Property, plant and equipment | 0 | 2 | 28 | 82 | 83 | |||
| Long-term investments and receivables | 14 | 15 | 3 | 3 | ||||
| Long-term investments | 12 | 15 | 3 | 3 | ||||
| Due from related parties | 2 | |||||||
| Intangible assets, net (including goodwill) | 5 | 21 | ||||||
| Intangible assets, net (excluding goodwill) | 5 | 21 | ||||||
| Deposits noncurrent assets | 101 | 45 | ||||||
| Other undisclosed noncurrent assets | 2 | 0 | 99 | (183) | (128) | |||
| Total noncurrent assets: | 21 | 39 | 129 | 3 | 3 | |||
| Other undisclosed assets | 157 | 154 | ||||||
| TOTAL ASSETS: | 116 | 63 | 191 | 262 | 270 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 5 | 110 | 111 | 48 | 37 | |||
| Accounts payable | 0 | 11 | 11 | 17 | 18 | |||
| Accrued liabilities | 5 | 99 | 100 | 27 | 17 | |||
| Taxes payable | 4 | 1 | ||||||
| Debt | 1 | 6 | 6 | 29 | 34 | |||
| Due to related parties | 1 | 1 | 0 | |||||
| Disposal group, including discontinued operation | 196 | |||||||
| Other liabilities | 0 | |||||||
| Other undisclosed current liabilities | 1 | 0 | ||||||
| Total current liabilities: | 203 | 117 | 118 | 77 | 71 | |||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 32 | 40 | 14 | 17 | ||||
| Long-term debt, excluding current maturities | 32 | 22 | ||||||
| Capital lease obligations | ✕ | ✕ | 18 | 14 | 17 | |||
| Other undisclosed noncurrent liabilities | 1 | |||||||
| Total noncurrent liabilities: | 1 | 32 | 40 | 14 | 17 | |||
| Other undisclosed liabilities | 0 | |||||||
| Total liabilities: | 204 | 150 | 158 | 91 | 87 | |||
| Temporary equity, carrying amount | 35 | 5 | ||||||
| Stockholders' equity | ||||||||
| Stockholders' equity attributable to parent, including: | (92) | (91) | 13 | 135 | 178 | |||
| Common stock | 0 | 0 | 0 | 0 | 0 | |||
| Additional paid in capital | 108 | 106 | 109 | 105 | 59 | |||
| Accumulated other comprehensive income (loss) | 13 | (9) | (94) | (71) | 13 | |||
| Retained earnings (accumulated deficit) | (213) | (188) | (2) | 100 | 106 | |||
| Other undisclosed stockholders' equity attributable to parent | (0) | |||||||
| Stockholders' equity attributable to noncontrolling interest | 4 | 5 | 20 | |||||
| Other undisclosed stockholders' equity | 0 | 35 | 5 | |||||
| Total stockholders' equity: | (88) | (87) | 33 | 170 | 183 | |||
| Other undisclosed liabilities and equity | (35) | (5) | ||||||
| TOTAL LIABILITIES AND EQUITY: | 116 | 63 | 191 | 262 | 270 | |||
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 | 1 | 1 | 10 | 34 | 86 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (0) | (1) | (9) | (25) | (60) | ||
| Gross profit: | 0 | (0) | 2 | 9 | 26 | ||
| Operating expenses | (13) | (190) | (101) | (7) | (16) | ||
| Other undisclosed operating loss | (0) | ||||||
| Operating income (loss): | (13) | (191) | (99) | 2 | 10 | ||
| Nonoperating income (expense) | (1) | 1 | (3) | (1) | (2) | ||
| Investment income, nonoperating | (1) | (2) | (3) | 0 | 0 | ||
| 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) | 1 | 4 | ||
| 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) | 20 | 14 | 0 | |||
| 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 | 174 | 88 | |||||
| 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) | 24 | 69 | (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.