Pingtan Marine Enterprise Ltd. (PME) financial statements (2020 and earlier)

Company profile

Business Address 18-19/F, ZHONGSHAN BUILDING A,
FUZHOU, 350001
State of Incorp.
Fiscal Year End December 31
SIC 09 - Fishing, hunting, and trapping (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1022111138
Cash and cash equivalents1022111138
Receivables22713431373 
Inventory, net of allowances, customer advances and progress billings316492129
Inventory316492129
Prepaid expense1100002
Advances on inventory purchases    32  
Other undisclosed current assets  283489
Total current assets:641521619210629
Noncurrent Assets
Finance lease, right-of-use asset0
Property, plant and equipment25920013512295110107
Long-term investments and receivables2829343234193
Long-term investments2829343234193
Prepaid expense49 12121214 
Other undisclosed noncurrent assets33    219
Total noncurrent assets:340232180166140143329
TOTAL ASSETS:404247201226232249358
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities18369567 
Accounts payable8314111 
Accrued liabilities     0 
Employee-related liabilities1065455 
Interest and dividends payable000000 
Debt68142139354929
Due to related parties0204012 
Deferred revenue and credits    2
Customer advances and deposits   0
Other undisclosed current liabilities342211320
Total current liabilities:89733665426151
Noncurrent Liabilities
Long-term debt and lease obligation160221722233954
Long-term debt, excluding current maturities160221722233954
Operating lease, liability0
Liabilities, other than long-term debt      54
Other liabilities      54
Other undisclosed noncurrent liabilities      (54)
Total noncurrent liabilities:160221722233954
Total liabilities:24995548765100106
Stockholders' equity
Stockholders' equity attributable to parent, including:136133129125150149252
Common stock0000000
Additional paid in capital828282111111118 
Accumulated other comprehensive income (loss)(16)(13)(6)(13)(4)430
Retained earnings545040173421199
Other undisclosed stockholders' equity attributable to parent16151399622
Stockholders' equity attributable to noncontrolling interest1919181516  
Total stockholders' equity:155152148140167149252
TOTAL LIABILITIES AND EQUITY:404247201226232249358

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues9064632161233123
Revenue, net 161233 
Cost of revenue(64)(33)(41)(29)(63)(156)(76)
Cost of goods and services sold(0)(0)(0)(0)(63)(157) 
Gross profit:253122(9)(3)7847
Operating expenses(12)(15)11(5)(5)(7)(6)
Other undisclosed operating income      1
Operating income (loss):131633(14)(8)7042
Nonoperating income (expense)(7)(1)(1)(1)27153
Investment income, nonoperating1012000
Foreign currency transaction gain (loss), before tax(0)(0)1(2)(1)(0)0
Interest and debt expense0(1)(2)(2)(4)(5)(4)
Other undisclosed income from continuing operations before equity method investments, income taxes      4
Income (loss) from continuing operations before equity method investments, income taxes:61430(17)168145
Other undisclosed income (loss) from continuing operations before income taxes(0)12245 
Income (loss) from continuing operations before income taxes:61533(15)208645
Income tax expense   (0)   
Income (loss) from continuing operations:61533(15)208645
Income from discontinued operations      52
Net income (loss):61533(15)208697
Net income (loss) attributable to noncontrolling interest(1)(1)(3)1(1)  
Net income (loss) available to common stockholders, diluted:61330(14)188697

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):61533(15)208697
Other comprehensive loss     (1) 
Other undisclosed comprehensive income (loss)(3)(8)8(9)(9)  
Comprehensive income (loss):4640(24)118597
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)(1)(3)2(1)  
Other undisclosed comprehensive income, net of tax, attributable to parent      8
Comprehensive income (loss), net of tax, attributable to parent:3637(22)1085106

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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