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)Annual | Quarterly
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 investments | 2,198 | 6,363 | 692 | 3,397 | 3,406 | 32,764 | |||
Cash and cash equivalents | 2,198 | 6,363 | 692 | 3,397 | 3,406 | 32,764 | |||
Restricted cash and investments | 13,049 | 9,767 | 9,913 | 14,238 | 10,771 | 6,219 | |||
Receivables | 29,624 | 23,362 | 33,848 | 30,766 | 94,096 | 68,751 | |||
Inventory, net of allowances, customer advances and progress billings | 77,137 | 70,314 | 67,611 | 65,477 | 56,606 | 50,762 | |||
Inventory | 77,137 | 70,314 | 67,611 | 65,477 | 56,606 | 50,762 | |||
Prepaid expense | 671 | 350 | 171 | 1,822 | 750 | 963 | |||
Other undisclosed current assets | 7 | 4,282 | 2,015 | ||||||
Total current assets: | 122,687 | 114,439 | 114,249 | 115,700 | 165,629 | 159,459 | |||
Noncurrent Assets | |||||||||
Finance lease, right-of-use asset, after accumulated amortization | 625 | 717 | 64 | 160 | 254 | 347 | |||
Property, plant and equipment | 267,194 | 244,947 | 250,155 | 299,169 | 297,397 | 255,597 | |||
Long-term investments and receivables | 29,531 | 29,271 | 29,690 | 28,244 | 27,249 | 27,371 | |||
Long-term investments | 29,531 | 29,271 | 29,690 | 28,244 | 27,249 | 27,371 | |||
Prepaid expense | 113,021 | 100,742 | 66,083 | 71,380 | 63,951 | 32,816 | |||
Deferred costs | |||||||||
Other undisclosed noncurrent assets | 3,251 | 3,196 | 3,218 | 3,084 | 2,966 | 2,964 | |||
Total noncurrent assets: | 413,621 | 378,873 | 349,211 | 402,037 | 391,818 | 319,094 | |||
TOTAL ASSETS: | 536,309 | 493,312 | 463,460 | 517,736 | 557,446 | 478,553 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 58,139 | 36,441 | 30,695 | 15,384 | 28,695 | 12,680 | |||
Interest and dividends payable | 477 | 525 | 462 | 408 | 428 | 417 | |||
Employee-related liabilities | 16,838 | 13,553 | 11,440 | 11,596 | 10,904 | 9,199 | |||
Accounts payable | 40,823 | 22,363 | 18,793 | 3,380 | 17,363 | 3,064 | |||
Debt | 106,430 | 95,147 | 92,402 | 93,117 | 151,564 | 146,468 | |||
Due to related parties | 1,468 | 18 | 18 | 18 | 18 | 18 | |||
Other undisclosed current liabilities | 8,833 | 5,966 | 10,248 | 2,764 | 2,837 | 1,865 | |||
Total current liabilities: | 174,870 | 137,573 | 133,364 | 111,283 | 183,115 | 161,031 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 283,460 | 276,795 | 245,116 | 239,628 | 214,353 | 155,716 | |||
Long-term debt, excluding current maturities | 283,236 | 276,478 | 245,116 | 239,628 | 214,353 | 155,716 | |||
Operating lease, liability | 223 | 317 | |||||||
Other undisclosed noncurrent liabilities | (223) | (317) | |||||||
Total noncurrent liabilities: | 283,460 | 276,795 | 245,116 | 239,628 | 214,353 | 155,716 | |||
Total liabilities: | 458,330 | 414,368 | 378,480 | 350,911 | 397,468 | 316,746 | |||
Temporary equity, carrying amount | 1 | ||||||||
Equity | |||||||||
Equity, attributable to parent, including: | 47,857 | 64,758 | 69,713 | 146,388 | 140,099 | 141,827 | |||
Preferred stock | 1 | ||||||||
Common stock | 86 | 86 | 79 | 79 | 79 | 79 | |||
Additional paid in capital | 88,679 | 90,348 | 82,046 | 82,046 | 81,683 | 81,683 | |||
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) | 61,064 | 60,375 | 61,951 | |||
Other undisclosed equity, attributable to parent | 15,752 | 15,752 | 15,749 | 15,749 | 15,749 | ||||
Equity, attributable to noncontrolling interest | 14,370 | 14,186 | 15,266 | 20,437 | 19,880 | 19,979 | |||
Other undisclosed equity | 15,752 | ||||||||
Total equity: | 77,979 | 78,944 | 84,980 | 166,825 | 159,979 | 161,806 | |||
Other undisclosed liabilities and equity | (1) | ||||||||
TOTAL LIABILITIES AND EQUITY: | 536,309 | 493,312 | 463,460 | 517,736 | 557,446 | 478,553 |
Income Statement (P&L) ($ in thousands)Annual | Quarterly
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 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 36,865 | 28,307 | 31,022 | 15,448 | 23,463 | 17,307 | ||
Cost of revenue | (31,812) | (34,553) | (43,020) | (13,788) | (21,300) | (11,554) | ||
Gross profit: | 5,053 | (6,246) | (11,998) | 1,661 | 2,163 | 5,753 | ||
Operating expenses | (2,547) | (1,838) | (70,408) | 1,523 | (2,067) | 4,891 | ||
Operating income (loss): | 2,507 | (8,085) | (82,406) | 3,184 | 96 | 10,643 | ||
Nonoperating expense | (2,460) | (4,534) | (2,750) | (2,402) | (1,758) | (2,226) | ||
Investment income, nonoperating | 605 | 28 | 410 | 973 | 1,162 | 1,200 | ||
Gain (loss), foreign currency transaction, before tax | 1,100 | (550) | 205 | 748 | 22 | (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 taxes | 3,865 | 3,800 | 3,561 | 4,037 | 2,937 | 2,899 | ||
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) | 9,650 | 782 | (1,661) | 8,417 | ||
Income (loss) before gain (loss) on sale of properties: | 47 | (12,619) | 9,650 | 782 | (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) | 972 | 5,500 | (93) | 85 | (752) | ||
Other undisclosed net income attributable to parent | 141 | |||||||
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)Annual | Quarterly
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) | 3,311 | 5,701 | (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) | 1,080 | 5,171 | (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.