Pingtan Marine Enterprise Ltd. (PME) Financial Statements (2024 and earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,1986,3636923,3973,40632,764
Cash and cash equivalents2,1986,3636923,3973,40632,764
Restricted cash and investments13,0499,7679,91314,23810,7716,219
Receivables29,62423,36233,84830,76694,09668,751
Inventory, net of allowances, customer advances and progress billings77,13770,31467,61165,47756,60650,762
Inventory77,13770,31467,61165,47756,60650,762
Prepaid expense6713501711,822750963
Other undisclosed current assets 74,2822,015   
Total current assets:122,687114,439114,249115,700165,629159,459
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization62571764160254347
Property, plant and equipment267,194244,947250,155299,169297,397255,597
Long-term investments and receivables29,53129,27129,69028,24427,24927,371
Long-term investments29,53129,27129,69028,24427,24927,371
Prepaid expense113,021100,74266,08371,38063,95132,816
Deferred costs      
Other undisclosed noncurrent assets3,2513,1963,2183,0842,9662,964
Total noncurrent assets:413,621378,873349,211402,037391,818319,094
TOTAL ASSETS:536,309493,312463,460517,736557,446478,553
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities58,13936,44130,69515,38428,69512,680
Interest and dividends payable477525462408428417
Employee-related liabilities16,83813,55311,44011,59610,9049,199
Accounts payable40,82322,36318,7933,38017,3633,064
Debt106,43095,14792,40293,117151,564146,468
Due to related parties1,4681818181818
Other undisclosed current liabilities8,8335,96610,2482,7642,8371,865
Total current liabilities:174,870137,573133,364111,283183,115161,031
Noncurrent Liabilities
Long-term debt and lease obligation283,460276,795245,116239,628214,353155,716
Long-term debt, excluding current maturities283,236276,478245,116239,628214,353155,716
Operating lease, liability223317    
Other undisclosed noncurrent liabilities(223)(317)    
Total noncurrent liabilities:283,460276,795245,116239,628214,353155,716
Total liabilities:458,330414,368378,480350,911397,468316,746
Temporary equity, carrying amount 1     
Equity
Equity, attributable to parent, including:47,85764,75869,713146,388140,099141,827
Preferred stock  1    
Common stock868679797979
Additional paid in capital88,67990,34882,04682,04681,68381,683
Accumulated other comprehensive loss(10,533)(10,927)(9,569)(12,551)(17,787)(17,634)
Retained earnings (accumulated deficit)(30,375)(30,501)(18,595)61,06460,37561,951
Other undisclosed equity, attributable to parent  15,75215,75215,74915,74915,749
Equity, attributable to noncontrolling interest14,37014,18615,26620,43719,88019,979
Other undisclosed equity15,752     
Total equity:77,97978,94484,980166,825159,979161,806
Other undisclosed liabilities and equity (1)     
TOTAL LIABILITIES AND EQUITY:536,309493,312463,460517,736557,446478,553

Income Statement (P&L) ($ in thousands)

9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
Revenues36,86528,30731,02215,44823,46317,307
Cost of revenue(31,812)(34,553)(43,020)(13,788)(21,300)(11,554)
Gross profit:5,053(6,246)(11,998)1,6612,1635,753
Operating expenses(2,547)(1,838)(70,408)1,523(2,067)4,891
Operating income (loss):2,507(8,085)(82,406)3,1849610,643
Nonoperating expense(2,460)(4,534)(2,750)(2,402)(1,758)(2,226)
Investment income, nonoperating605284109731,1621,200
Gain (loss), foreign currency transaction, before tax1,100(550)20574822(366)
Interest and debt expense(3,865)(3,800)(3,561)(4,037)(2,937)(2,899)
Income (loss) from continuing operations before equity method investments, income taxes:(3,818)(16,419)(88,717)(3,255)(4,598)5,518
Loss from equity method investments      
Other undisclosed income from continuing operations before income taxes3,8653,8003,5614,0372,9372,899
Income (loss) from continuing operations before income taxes:47(12,619)(85,156)782(1,661)8,417
Other undisclosed income from continuing operations   94,806   
Income (loss) from continuing operations:47(12,619)9,650782(1,661)8,417
Income (loss) before gain (loss) on sale of properties:47(12,619)9,650782(1,661)8,417
Other undisclosed net loss   (94,806)   
Net income (loss):47(12,619)(85,156)782(1,661)8,417
Net income (loss) attributable to noncontrolling interest(141)9725,500(93)85(752)
Other undisclosed net income attributable to parent141     
Net income (loss) attributable to parent:47(11,646)(79,656)689(1,576)7,665
Preferred stock dividends and other adjustments (40)(260)    
Other undisclosed net loss available to common stockholders, basic(141)     
Net income (loss) available to common stockholders, diluted:(134)(11,906)(79,656)689(1,576)7,665

Comprehensive Income ($ in thousands)

9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
Net income (loss):47(12,619)(85,156)782(1,661)8,417
Other undisclosed comprehensive income (loss)437(1,466)3,3115,701(166)(1,688)
Comprehensive income (loss):484(14,085)(81,845)6,483(1,828)6,729
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(184)1,0805,171(557)99(617)
Comprehensive income (loss), net of tax, attributable to parent:301(13,005)(76,674)5,926(1,729)6,111

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.

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