Appliance Recycling Centers of America, Inc. (ARCI) financial statements (2021 and earlier)

Company profile

Business Address 325 E. WARM SPRINGS ROAD
LAS VEGAS, NV 89119
State of Incorp. NV
Fiscal Year End December 31
SIC 57 - Home Furniture, Furnishings, And Equipment Stores (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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments001312
Cash and cash equivalents001312
Receivables596101113
Inventory, net of allowances, customer advances and progress billings21111617
Inventory21111617
Prepaid expense100111
Deferred tax assets 1  
Other undisclosed current assets(1)(2)05 2
Total current assets:799212934
Noncurrent Assets
Operating lease, right-of-use asset22
Property, plant and equipment10111011
Intangible assets, net (including goodwill)14182125  
Intangible assets, net (excluding goodwill)14182125  
Deposits noncurrent assets00    
Other noncurrent assets001111
Deferred tax assets, net (6)  
Other undisclosed noncurrent assets  4631
Total noncurrent assets:172026261312
TOTAL ASSETS:242935474247
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1014910116
Accounts payable543367
Accrued liabilities 41799
Taxes payable6550  
Other undisclosed accounts payable and accrued liabilities    (14) 
Debt310621
Due to related parties12    
Deferred revenue and credits 0 
Other undisclosed current liabilities61  2513
Total current liabilities:21189162730
Noncurrent Liabilities
Long-term debt and lease obligation, including:11  35
Capital lease obligations  00
Operating lease, liability11
Other undisclosed long-term debt and lease obligation    34
Liabilities, other than long-term debt  4500
Deferred tax liabilities, net45  
Other liabilities  0000
Other undisclosed noncurrent liabilities(1)0    
Total noncurrent liabilities:114535
Total liabilities:221913213135
Stockholders' equity
Stockholders' equity attributable to parent21022261111
Common stock00002221
Additional paid in capital40393938  
Accumulated other comprehensive loss(1)(1)(1)(0)(1)(1)
Accumulated deficit(37)(28)(17)(11)(11)(10)
Stockholders' equity attributable to noncontrolling interest    01
Total stockholders' equity:21022261112
TOTAL LIABILITIES AND EQUITY:242935474247

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues34353742104112
Revenue, net 104112
Cost of revenue(25)(27)(26)(28)(75)(86)
Cost of goods and services sold  (26)(28)(75)(86)
Gross profit:9811132925
Operating expenses(18)(20)(17)(13)(29)(30)
Operating loss:(9)(12)(6)(0)(1)(4)
Nonoperating income (expense)0(3)000(0)
Investment income, nonoperating   0  
Foreign currency transaction gain, before tax    00
Other nonoperating income (expense)010(0)0(0)
Interest and debt expense  (1)(1)(1)(1)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   5(0)(0)
Income (loss) from continuing operations before income taxes:(9)(15)(6)4(2)(6)
Income tax benefit031102
Net income (loss):(8)(12)(6)5(2)(4)
Net income attributable to noncontrolling interest   001
Other undisclosed net loss attributable to parent   (6)  
Net loss attributable to parent:(8)(12)(6)(0)(1)(3)
Other undisclosed net income available to common stockholders, basic   0  
Net income (loss) available to common stockholders, diluted:(8)(12)(6)0(1)(3)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(8)(12)(6)5(2)(4)
Other comprehensive income (loss)(0) (0)0(0)0
Other undisclosed comprehensive loss   (6)  
Comprehensive loss:(9)(12)(6)(0)(2)(4)
Comprehensive income, net of tax, attributable to noncontrolling interest   001
Comprehensive income (loss), net of tax, attributable to parent:(9)(12)(6)0(1)(3)

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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