Advanced Emissions Solutions, Inc. (ADES) financial statements (2022 and earlier)

Company profile

Business Address 8051 E. MAPLEWOOD AVE., STE 210
GREENWOOD VILLAGE, CO 80111
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 thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments552552552 30,69313,2089,265
Cash and cash equivalents    30,69313,2089,265
Short-term investments552552552    
Restricted cash and investments5,0005,000   13,736728
Receivables15,10316,57811,6769,5541,11310,58210,279
Inventory, net of allowances, customer advances and progress billings7,8509,88215,46021,7917416189
Inventory7,8509,88215,46021,7917416189
Deferred costs     252,137
Other current assets6,6614,5977,8325,5701,835  
Other undisclosed current assets73,20125,38011,52822,8613,1731,3412,117
Total current assets:108,36761,98947,04859,77636,88838,90824,715
Noncurrent Assets
Finance lease, right-of-use asset1,7432,4005,900
Property, plant and equipment   42,6974107352,040
Long-term investments and receivables2,3917,69239,1556,6344,3514,97520,008
Long-term investments2,3917,69239,1556,6344,3514,97520,008
Intangible assets, net (including goodwill)1,2371,9644,1694,830   
Intangible assets, net (excluding goodwill)1,2371,9644,1694,830   
Restricted cash and investments10,0275,0005,0005,195  11,316
Deferred costs      (9,708)
Deferred income tax assets 10,60414,095
Other noncurrent assets33,24329,98920,3317,9932,308 2,696
Deferred tax assets, net  61,396 
Other undisclosed noncurrent assets28,42827,03338,10132,53938,6611,2829,708
Total noncurrent assets:77,06984,682126,75199,88845,73068,38836,060
TOTAL ASSETS:185,436146,671173,799159,66482,618107,29660,775
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities16,48611,10611,07014,5142,3844,04111,974
Accounts payable10,0097,8498,0466,2351,0001,9206,174
Employee-related liabilities6,4773,2573,0248,2791,3842,1215,800
Debt  23,93224,067  14,513
Provision for loss on contracts     200800
Due to related parties      1,837
Billings in excess of cost1,8304,9479,708
Other liabilities5,12412,9964,3112,1382,6644,0176,198
Other undisclosed current liabilities1,01118,441   10,5063,865
Total current liabilities:22,62142,54339,31340,7196,87823,71148,895
Noncurrent Liabilities
Long-term debt and lease obligation  20,43450,058  13,512
Long-term debt, excluding current maturities  20,43450,058  13,512
Liabilities, other than long-term debt20,54613,4735,7609402,2852,0386,569
Asset retirement obligations8,184      
Other liabilities12,36213,4735,7609402,2852,0386,569
Other undisclosed noncurrent liabilities(5,032)5,445   5,38216,777
Total noncurrent liabilities:15,51418,91826,19450,9982,2857,42036,858
Total liabilities:38,13561,46165,50791,7179,16331,13185,753
Stockholders' equity
Stockholders' equity attributable to parent147,30185,210108,29267,94773,45576,165(24,978)
Common stock23232323222222
Treasury stock, value(47,692)(47,692)(47,533)(41,740)(16,397)  
Additional paid in capital102,106100,42598,46696,750105,308119,494116,029
Retained earnings (accumulated deficit)92,86432,45457,33612,914(15,478)(43,351)(141,029)
Total stockholders' equity:147,30185,210108,29267,94773,45576,165(24,978)
TOTAL LIABILITIES AND EQUITY:185,436146,671173,799159,66482,618107,29660,775

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues100,29461,57770,08623,94535,69250,62262,739
Revenue, net35,69250,62262,739
Cost of revenue
(Cost of Goods and Services Sold)
    (13)(1,700)(45,433)
Gross profit:100,29461,57770,08623,94535,67948,92217,306
Operating expenses(95,442)(102,558)(84,979)(30,345)(49,506)(66,720)(104,539)
Other undisclosed operating income    131,70045,433
Operating income (loss):4,852(40,981)(14,893)(6,400)(13,814)(16,098)(41,800)
Nonoperating income71,22127,19062,42952,27711,7518,85611,679
Investment income, nonoperating   2399,7266,39310,666
Other nonoperating income (expense)640132427(19)2,0252,463494
Interest and debt expense3,345(3,920)(7,174)(2,151)(3,024)1,019(8,402)
Other undisclosed income from continuing operations before equity method investments, income taxes 3,9207,1742,15157,11242,9638,402
Income (loss) from continuing operations before equity method investments, income taxes:79,418(13,791)47,53645,87752,02536,740(30,121)
Other undisclosed loss from continuing operations before income taxes(3,345)      
Income (loss) from continuing operations before income taxes:76,073(13,791)47,53645,87752,02536,740(30,121)
Income tax expense (benefit)(15,672)(6,511)(11,999)(10,423)(24,152)60,938(20)
Net income (loss) attributable to parent:60,401(20,302)35,53735,45427,87397,678(30,141)
Undistributed earnings (loss) allocated to participating securities, basic 5(44)(112)(171)
Other undisclosed net income (loss) available to common stockholders, basic     (1,105)275
Net income (loss) available to common stockholders, diluted:60,401(20,297)35,49335,34227,70296,573(29,866)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):60,401(20,302)35,53735,45427,87397,678(30,141)
Comprehensive income (loss), net of tax, attributable to parent:60,401(20,302)35,53735,45427,87397,678(30,141)

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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