American Electric Technologies, Inc. (AETI) financial statements (2021 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)

12/31/2020
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 investments2422284
Cash and cash equivalents2422284
Short-term investments    11 
Restricted cash and investments   0   
Receivables66167724
Inventory, net of allowances, customer advances and progress billings0001113
Inventory0001113
Prepaid expense11     
Contract with customer, asset  0
Costs in excess of billings6623
Deferred tax assets    0
Other undisclosed current assets220100(12)
Total current assets:1114417161922
Noncurrent Assets
Finance lease, right-of-use asset7 
Operating lease, right-of-use asset1 
Property, plant and equipment 6017788
Long-term investments and receivables12111011111112
Long-term investments12111011111112
Intangible assets, net (including goodwill)44 0100
Goodwill44     
Intangible assets, net (excluding goodwill)   0100
Disposal group, including discontinued operation, noncurrent assets      1
Other noncurrent assets0000000
Other undisclosed noncurrent assets451 11 (0)
Total noncurrent assets:70771119191921
TOTAL ASSETS:80901536353943
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:91021158
Accounts payable450  46
Accrued liabilities451  11
Employee-related liabilities  11101
Taxes payable  0    
Other undisclosed accounts payable and accrued liabilities  0    
Debt 201210
Due to related parties3     0
Billings in excess of cost2022
Other liabilities     00
Other undisclosed current liabilities24 1210 (0)
Total current liabilities:141531613811
Noncurrent Liabilities
Long-term debt and lease obligation1  6444
Long-term debt, excluding current maturities1  6444
Operating lease, liability0 
Liabilities, other than long-term debt3600334
Deferred compensation liability, classified0 00000
Deferred tax liabilities, net  334
Deferred income tax liabilities0 
Due to related parties36     
Other undisclosed noncurrent liabilities 1    (1)
Total noncurrent liabilities:4706787
Total liabilities:1822321201618
Temporary equity, carrying amount  44444
Stockholders' equity
Stockholders' equity attributable to parent6268710111821
Common stock0000000
Treasury stock, value  (1)(1)(1)(1)(1)
Additional paid in capital91911414131211
Accumulated other comprehensive income (loss)0(0)(0)0(0)01
Retained earnings (accumulated deficit)(29)(23)(5)(3)(1)710
Total stockholders' equity:6268710111821
TOTAL LIABILITIES AND EQUITY:80901536353943

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
Revenues4247847384957
Revenue, net47384957
Cost of revenue(30)(32)(6)(45)(37)(42)(52)
Cost of goods and services sold  (6)(45)(37)(42)(52)
Gross profit:121522175
Operating expenses(20)(21)(4)(7)(8)(9)(9)
Operating loss:(8)(5)(2)(5)(7)(2)(4)
Nonoperating income (expense)(0)0(0)(1)0(0)(0)
Other nonoperating income (expense)(0)0(0)    
Interest and debt expense(0)0(0)(0)   
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes1(0)     
Loss from continuing operations before equity method investments, income taxes:(8)(5)(2)(6)(7)(3)(4)
Income from equity method investments3111112
Other undisclosed loss from continuing operations before income taxes(1)(1)(0)(0)(0)(0)(1)
Loss from continuing operations before income taxes:(7)(5)(1)(5)(7)(2)(2)
Income tax expense (benefit)(0)(0)(0)3(0)(0)0
Loss from continuing operations:(7)(6)(2)(2)(7)(3)(2)
Loss from discontinued operations  (1)   (3)
Net loss:(7)(6)(3)(2)(7)(3)(5)
Net loss attributable to noncontrolling interest (0)     
Net loss attributable to parent:(7)(6)(3)(2)(7)(3)(5)
Preferred stock dividends and other adjustments  (0)(0)(0)(0)(0)
Net loss available to common stockholders, diluted:(7)(6)(3)(3)(7)(3)(5)

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 loss:(7)(6)(3)(2)(7)(3)(5)
Other comprehensive income (loss)    00(0)
Other undisclosed comprehensive income (loss)0(0)     
Comprehensive loss:(6)(6)(3)(2)(7)(2)(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 loss, net of tax, attributable to parent:(6)(6)(3)(2)(7)(3)(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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