Borqs Technologies, Inc. (BRQS) financial statements (2020 and earlier)

Company profile

Business Address TOWER A, BLDG B23 UNIVERSAL BUSINESS PRK
CHAOYANG DISTRICT, BEIJING, 100015
State of Incorp.
Fiscal Year End December 31
SIC 7373 - Computer Integrated Systems Design (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2017
6/30/2017
6/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1300
Cash and cash equivalents1300
Restricted cash and investments3  
Receivables72  
Inventory, net of allowances, customer advances and progress billings17  
Inventory17  
Prepaid expense2  
Deferred costs1  
Other undisclosed current assets1100
Total current assets:12001
Noncurrent Assets
Property, plant and equipment1  
Intangible assets, net (including goodwill)21  
Goodwill1  
Intangible assets, net (excluding goodwill)20  
Assets held-in-trust 5460
Deferred costs3  
Other noncurrent assets3  
Deferred tax assets, net2  
Total noncurrent assets:295460
TOTAL ASSETS:1495460
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1200
Accrued liabilities4  
Employee-related liabilities2  
Other undisclosed accounts payable and accrued liabilities600
Debt181 
Due to related parties 00
Deferred revenue and credits8  
Customer advances and deposits4  
Other undisclosed current liabilities51  
Total current liabilities:9310
Noncurrent Liabilities
Liabilities, other than long-term debt7  
Deferred revenue and credits3  
Deferred tax liabilities, net4  
Other liabilities0  
Other undisclosed noncurrent liabilities2  
Total noncurrent liabilities:9  
Other undisclosed liabilities 0 
Total liabilities:10220
Temporary equity, carrying amount 47 
Stockholders' equity
Stockholders' equity attributable to parent, including:4755
Common stock 75
Additional paid in capital121  
Accumulated other comprehensive loss(1)  
Accumulated deficit(74)(2)(0)
Other undisclosed stockholders' equity attributable to parent1  
Other undisclosed stockholders' equity1 55
Total stockholders' equity:48560
Other undisclosed liabilities and equity(1)  
TOTAL LIABILITIES AND EQUITY:1495460

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

12/31/2017
6/30/2017
6/30/2016
Revenues15400
Revenue, net154  
Financial services revenue 00
Cost of revenue(127)  
Cost of goods and services sold(126)  
Gross profit:2700
Operating expenses(35)(2)(0)
Other undisclosed operating income (loss)0(0)(0)
Operating loss:(8)(2)(0)
Nonoperating expense(1)  
Foreign currency transaction loss, before tax(1)  
Interest and debt expense(2)  
Other undisclosed income from continuing operations before equity method investments, income taxes1  
Loss from continuing operations before equity method investments, income taxes:(10)(2)(0)
Other undisclosed income from continuing operations before income taxes 00
Loss from continuing operations before income taxes:(10)(2)(0)
Income tax expense(2)  
Net loss:(12)(2)(0)
Net loss attributable to noncontrolling interest(0)  
Net loss attributable to parent:(12)(2)(0)
Preferred stock dividends and other adjustments(7)  
Net loss available to common stockholders, diluted:(19)(2)(0)

Comprehensive Income ($ in millions)

12/31/2017
6/30/2017
6/30/2016
Net loss:(12)(2)(0)
Other comprehensive income2  
Comprehensive loss:(10)(2)(0)
Comprehensive loss, net of tax, attributable to noncontrolling interest(0)  
Comprehensive loss, net of tax, attributable to parent:(10)(2)(0)

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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