American Electric Technologies, Inc. (AETI) financial statements (2020 and earlier)

Company profile

Business Address 10375 RICHMOND AVENUE
HOUSTON, TX 77042
State of Incorp. FL
Fiscal Year End December 31
SIC 4924 - Natural Gas Distribution (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
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4222844
Cash and cash equivalents4222844
Short-term investments   11  
Restricted cash and investments  0    
Receivables616772411
Inventory, net of allowances, customer advances and progress billings0011135
Inventory0011135
Prepaid expense1      
Contract with customer, asset 0
Costs in excess of billings66239
Deferred tax assets    0 
Other undisclosed current assets20100(12)(4)
Total current assets:1441716192227
Noncurrent Assets
Property, plant and equipment60177886
Long-term investments and receivables11101111111213
Long-term investments11101111111213
Intangible assets, net (including goodwill)4 01000
Goodwill4      
Intangible assets, net (excluding goodwill)  01000
Disposal group, including discontinued operation, noncurrent assets     1
Other noncurrent assets0000000
Other undisclosed noncurrent assets1 11 (0)(0)
Total noncurrent assets:77111919192119
TOTAL ASSETS:90153635394346
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:10211588
Accounts payable50  466
Accrued liabilities51  11 
Employee-related liabilities 111012
Taxes payable 0     
Other undisclosed accounts payable and accrued liabilities 0     
Debt201210 
Due to related parties     0 
Billings in excess of cost20223
Other liabilities    000
Other undisclosed current liabilities4 1210 (0)0
Total current liabilities:153161381111
Noncurrent Liabilities
Long-term debt and lease obligation  64441
Long-term debt, excluding current maturities  64441
Liabilities, other than long-term debt6003340
Deferred compensation liability, classified 000000
Deferred tax liabilities, net  334 
Due to related parties6      
Other undisclosed noncurrent liabilities1    (1)4
Total noncurrent liabilities:7067874
Total liabilities:2232120161816
Temporary equity, carrying amount 44444 
Stockholders' equity
Stockholders' equity attributable to parent6871011182126
Common stock0000000
Treasury stock, value (1)(1)(1)(1)(1)(0)
Additional paid in capital91141413121110
Accumulated other comprehensive income (loss)(0)(0)0(0)011
Retained earnings (accumulated deficit)(23)(5)(3)(1)71015
Other undisclosed stockholders' equity      4
Total stockholders' equity:6871011182130
TOTAL LIABILITIES AND EQUITY:90153635394346

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues4784738495765
Revenue, net4738495765
Cost of revenue(32)(6)(45)(37)(42)(52)(54)
Cost of goods and services sold (6)(45)(37)(42)(52)(54)
Gross profit:152217512
Operating expenses(21)(4)(7)(8)(9)(9)(9)
Operating income (loss):(5)(2)(5)(7)(2)(4)2
Nonoperating income (expense)0(0)(1)0(0)(0)0
Other nonoperating income (expense)0(0)    0
Interest and debt expense0(0)(0)   (0)
Other undisclosed loss from continuing operations before equity method investments, income taxes(0)      
Income (loss) from continuing operations before equity method investments, income taxes:(5)(2)(6)(7)(3)(4)2
Income from equity method investments1111123
Other undisclosed loss from continuing operations before income taxes(1)(0)(0)(0)(0)(1)(0)
Income (loss) from continuing operations before income taxes:(5)(1)(5)(7)(2)(2)5
Income tax expense (benefit)(0)(0)3(0)(0)0(1)
Income (loss) from continuing operations:(6)(2)(2)(7)(3)(2)5
Loss from discontinued operations (1)   (3) 
Net income (loss):(6)(3)(2)(7)(3)(5)5
Net loss attributable to noncontrolling interest(0)      
Other undisclosed net loss attributable to parent      (0)
Net income (loss) attributable to parent:(6)(3)(2)(7)(3)(5)4
Preferred stock dividends and other adjustments (0)(0)(0)(0)(0)(0)
Other undisclosed net income available to common stockholders, basic      0
Net income (loss) available to common stockholders, diluted:(6)(3)(3)(7)(3)(5)4

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(6)(3)(2)(7)(3)(5)5
Other comprehensive income (loss)   00(0) 
Other undisclosed comprehensive loss(0)      
Comprehensive income (loss):(6)(3)(2)(7)(2)(5)5
Comprehensive loss, net of tax, attributable to noncontrolling interest(0)      
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (1)0(0)(1)(0) 
Comprehensive income (loss), net of tax, attributable to parent:(6)(3)(2)(7)(3)(5)5

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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