Advanced Emissions Solutions, Inc. (ADES) financial statements (2021 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 millions)

12/31/2020
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 investments11 3113925
Cash and cash equivalents   3113925
Short-term investments11     
Restricted cash and investments5   1413
Receivables1712101111018
Inventory, net of allowances, customer advances and progress billings1015220001
Inventory1015220001
Deferred costs    026
Other current assets5862   
Other undisclosed current assets2512233122
Total current assets:62476037392554
Noncurrent Assets
Finance lease, right-of-use asset26
Property, plant and equipment  430125
Long-term investments and receivables8397452023
Long-term investments8397452022
Accounts and financing receivable, after allowance for credit loss      1
Intangible assets, net (including goodwill)245   2
Intangible assets, net (excluding goodwill)245   2
Restricted cash and investments555  119
Deferred costs     (10)(23)
Deferred income tax assets1114
Other noncurrent assets302082 33
Deferred tax assets, net  61  
Other undisclosed noncurrent assets2738333911020
Total noncurrent assets:8512710046683639
TOTAL ASSETS:147174160831076194
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities111115241213
Accounts payable8861268
Employee-related liabilities3381265
Debt 2424  151
Provision for loss on contracts    01 
Due to related parties     21
Deferred revenue and credits   23
Billings in excess of cost2510 
Other liabilities13423467
Other undisclosed current liabilities18   1142
Total current liabilities:4339417244947
Noncurrent Liabilities
Long-term debt and lease obligation 2050  1414
Long-term debt, excluding current maturities 2050  1414
Liabilities, other than long-term debt13612276
Other liabilities13612276
Other undisclosed noncurrent liabilities5   51727
Total noncurrent liabilities:192651273747
Total liabilities:6166929318694
Stockholders' equity
Stockholders' equity attributable to parent85108687376(25)(1)
Common stock0000000
Treasury stock, value(48)(48)(42)(16)   
Additional paid in capital1009897105119116110
Retained earnings (accumulated deficit)325713(15)(43)(141)(111)
Total stockholders' equity:85108687376(25)(1)
TOTAL LIABILITIES AND EQUITY:147174160831076194

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues62702436516317
Revenue, net36516317
Cost of revenue
(Cost of Goods and Services Sold)
   (0)(2)(45)(3)
Gross profit:62702436491714
Operating expenses(103)(85)(30)(50)(67)(105)(59)
Other undisclosed operating income   02453
Operating loss:(41)(15)(6)(14)(16)(42)(42)
Nonoperating income2762521291243
Investment income, nonoperating  0106116
Other nonoperating income (expense)00(0)2200
Interest and debt expense(4)(7)(2)(3)1(8)(6)
Other undisclosed income from continuing operations before equity method investments, income taxes472574386
Income (loss) from continuing operations before income taxes:(14)48465237(30)2
Income tax expense (benefit)(7)(12)(10)(24)61(0)(0)
Net income (loss) attributable to parent:(20)36352898(30)1
Undistributed earnings (loss) allocated to participating securities, basic0(0)(0)(0)
Other undisclosed net income (loss) available to common stockholders, basic    (1)0(0)
Net income (loss) available to common stockholders, diluted:(20)35352897(30)1

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(20)36352898(30)1
Comprehensive income (loss), net of tax, attributable to parent:(20)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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