China Automotive Systems, Inc. (CAAS) financial statements (2021 and earlier)

Company profile

Business Address NO. 1, HENGLONG ROAD
HUBEI PROVINCE, XXXXX
State of Incorp. DE
Fiscal Year End December 31
SIC 3714 - Motor Vehicle Parts and Accessories (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)
Annual | Quarterly

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 investments10783104946291110
Cash and cash equivalents97778665317069
Short-term investments1061830302141
Restricted cash and investments31303032313134
Receivables221218238275286254282
Inventory, net of allowances, customer advances and progress billings88838879686664
Inventory88838879686664
Prepaid expense10     
Advances on inventory purchases64     
Deposits current assets 0     
Other current assets12     
Other undisclosed current assets20213653403433
Total current assets:476441495533486476523
Noncurrent Assets
Operating lease, right-of-use asset00✕✕✕✕✕
Nontrade receivables0022242
Property, plant and equipment1411401301261018482
Long-term investments and receivables, including:50403328166102
Long-term investments504033281665
Other undisclosed long-term investments and receivables      97
Intangible assets, net (including goodwill)2111134
Goodwill     11
Intangible assets, net (excluding goodwill)2111133
Deposits noncurrent assets5   15 
Deferred income tax assets 15✕✕✕✕✕
Other noncurrent assets33     
Other undisclosed noncurrent assets321930282429(83)
Total noncurrent assets:232219195185146132107
TOTAL ASSETS:708660690717632608629
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities82686959595261
Accrued liabilities56454740363135
Employee-related liabilities13121113111113
Taxes payable131111612912
Interest and dividends payable      1
Debt44476180464144
Due to related parties0000000
Deferred tax liabilities✕✕  000
Customer advances and deposits✕✕✕1122
Other undisclosed current liabilities228188211234219203217
Total current liabilities:354304341373325298325
Noncurrent Liabilities
Long-term debt and lease obligation159 1  
Long-term debt, excluding current maturities159 1  
Operating lease, liability00✕✕✕✕✕
Liabilities, other than long-term debt28313437 00
Accounts payable and accrued liabilities24273033   
Deferred tax liabilities, net✕✕44 00
Deferred income tax liabilities44✕✕✕✕✕
Other undisclosed noncurrent liabilities41121026
Total noncurrent liabilities:33474438126
Total liabilities:388351386411326300331
Temporary equity, carrying amount1      
Stockholders' equity
Stockholders' equity attributable to parent303289286299300299289
Common stock0000000
Treasury stock, value(5)(4)(3)(3)(3)(1)(1)
Additional paid in capital64646464656565
Accumulated other comprehensive income (loss)17(3)218(1)1836
Retained earnings227233223220240217190
Stockholders' equity attributable to noncontrolling interest1620197589
Total stockholders' equity:319309305306306307298
TOTAL LIABILITIES AND EQUITY:708660690717632608629

Income statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues418431496499462444467
Revenue, net✕✕✕499462444467
Cost of revenue
(Cost of Goods and Services Sold)		(362)(368)(431)(414)(381)(364)(414)
Other undisclosed gross profit      34
Gross profit:55636585818087
Operating expenses(68)(62)(72)(73)(62)(54)(55)
Other undisclosed operating income45484412
Operating income (loss):(8)6(3)19233044
Nonoperating income (expense)(6)343344
Investment income, nonoperating 223233
Foreign currency transaction gain (loss), before tax(6)10(1)(0)(0)(0)
Other nonoperating income  11111
Interest and debt expense(2)(3)(3)(2)(1)(1)(2)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes42(1)(0)(1)(1)(0)
Income (loss) from continuing operations before equity method investments, income taxes:(12)8(3)20253246
Income from equity method investments4113100
Income (loss) from continuing operations before income taxes:(8)9(1)23253246
Income tax expense (benefit)(2)(1)1(42)(2)(4)(7)
Net income (loss):(10)80(19)232840
Net income (loss) attributable to noncontrolling interest522(1)(0)(1)(6)
Other undisclosed net loss attributable to parent(0)      
Net income (loss) attributable to parent:(5)102(19)232734
Preferred stock dividends and other adjustments(0)      
Net income (loss) available to common stockholders, diluted:(5)102(19)232734

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(10)80(19)232840
Other undisclosed comprehensive income (loss)22(6)(17)19(20)(19)(1)
Comprehensive income (loss):123(16)13939
Comprehensive income (loss), net of tax, attributable to noncontrolling interest423(1)00(6)
Comprehensive income (loss), net of tax, attributable to parent:165(14)(1)31033

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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