Advanced Emissions Solutions, Inc. (ADES) financial statements (2020 and earlier)

Company profile

Business Address 640 PLAZA DRIVE, SUITE 270
HIGHLANDS RANCH, CO 80129
State of Incorp.
Fiscal Year End December 31
SIC 289 - Miscellaneous Chemical Products (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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1 3113925
Cash and cash equivalents  3113925
Short-term investments1     
Restricted cash and investments   1413
Receivables12101111018
Inventory, net of allowances, customer advances and progress billings15220001
Inventory15220001
Deferred costs   026
Other current assets862   
Other undisclosed current assets12233122
Total current assets:476037392554
Noncurrent Assets
Finance lease, right-of-use asset6
Property, plant and equipment 430125
Long-term investments and receivables397452023
Long-term investments397452022
Accounts and financing receivable, after allowance for credit loss     1
Intangible assets, net (including goodwill)45   2
Intangible assets, net (excluding goodwill)45   2
Restricted cash and investments55  119
Deferred costs    (10)(23)
Deferred income tax assets14
Other noncurrent assets2082 33
Deferred tax assets, net  61  
Other undisclosed noncurrent assets38333911020
Total noncurrent assets:12710046683639
TOTAL ASSETS:174160831076194
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1115241213
Accounts payable861268
Employee-related liabilities381265
Debt2424  151
Provision for loss on contracts   01 
Due to related parties    21
Deferred revenue and credits   23
Billings in excess of cost2510 
Other liabilities423467
Other undisclosed current liabilities   1142
Total current liabilities:39417244947
Noncurrent Liabilities
Long-term debt and lease obligation2050  1414
Long-term debt, excluding current maturities2050  1414
Liabilities, other than long-term debt612276
Other liabilities612276
Other undisclosed noncurrent liabilities   51727
Total noncurrent liabilities:2651273747
Total liabilities:66929318694
Stockholders' equity
Stockholders' equity attributable to parent108687376(25)(1)
Common stock000000
Treasury stock, value(48)(42)(16)   
Additional paid in capital9897105119116110
Retained earnings (accumulated deficit)5713(15)(43)(141)(111)
Total stockholders' equity:108687376(25)(1)
TOTAL LIABILITIES AND EQUITY:174160831076194

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues702436516317
Revenue, net36516317
Cost of revenue
(Cost of Goods and Services Sold)
  (0)(2)(45)(3)
Gross profit:702436491714
Operating expenses(85)(30)(50)(67)(105)(59)
Other undisclosed operating income  02453
Operating loss:(15)(6)(14)(16)(42)(42)
Nonoperating income62521291243
Investment income, nonoperating 0106116
Other nonoperating income (expense)0(0)2200
Interest and debt expense(7)(2)(3)1(8)(6)
Other undisclosed income from continuing operations before equity method investments, income taxes72574386
Income (loss) from continuing operations before income taxes:48465237(30)2
Income tax expense (benefit)(12)(10)(24)61(0)(0)
Net income (loss) attributable to parent:36352898(30)1
Undistributed earnings (loss) allocated to participating securities, basic(0)(0)(0)
Other undisclosed net income (loss) available to common stockholders, basic   (1)0(0)
Net income (loss) available to common stockholders, diluted:35352897(30)1

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):36352898(30)1
Comprehensive income (loss), net of tax, attributable to parent:36352898(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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