China Automotive Systems, Inc. (CAAS) financial statements (2022 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 thousands)
| 12/31/2021 | 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 investments | 133,451 | 107,387 | 82,540 | 103,889 | 94,145 | 61,567 | 90,885 | ||
| Cash and cash equivalents | 131,695 | 97,248 | 76,708 | 86,346 | 64,558 | 31,092 | 69,676 | ||
| Short-term investments | 1,756 | 10,139 | 5,832 | 17,543 | 29,587 | 30,475 | 21,209 | ||
| Restricted cash and investments | 27,804 | 30,813 | 29,688 | 29,623 | 31,535 | 30,799 | 31,402 | ||
| Receivables | 199,803 | 221,316 | 218,339 | 237,519 | 274,989 | 285,731 | 254,397 | ||
| Inventory, net of allowances, customer advances and progress billings | 116,493 | 88,325 | 82,931 | 88,021 | 79,217 | 68,050 | 65,570 | ||
| Inventory | 116,493 | 88,325 | 82,931 | 88,021 | 79,217 | 68,050 | 65,570 | ||
| Prepaid expense | 1,366 | 1,486 | 293 | ||||||
| Advances on inventory purchases | 6,066 | 5,993 | 4,283 | ||||||
| Deposits current assets | 264 | ||||||||
| Other current assets | 607 | 637 | 1,736 | ||||||
| Other undisclosed current assets | 15,790 | 19,701 | 21,091 | 36,376 | 52,717 | 39,757 | 33,805 | ||
| Total current assets: | 501,380 | 475,658 | 441,165 | 495,428 | 532,603 | 485,904 | 476,059 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 138 | 257 | 376 | ✕ | ✕ | ✕ | ✕ | ||
| Nontrade receivables | 358 | 179 | 307 | 1,799 | 2,188 | 2,252 | 3,882 | ||
| Property, plant and equipment | 127,721 | 141,004 | 140,437 | 129,853 | 126,033 | 101,478 | 84,151 | ||
| Long-term investments and receivables | 36,966 | 49,766 | 39,642 | 32,620 | 27,596 | 16,431 | 6,152 | ||
| Long-term investments | 36,966 | 49,766 | 39,642 | 32,620 | 27,596 | 16,431 | 6,152 | ||
| Intangible assets, net (including goodwill) | 1,812 | 1,730 | 1,352 | 605 | 661 | 617 | 3,401 | ||
| Goodwill | 608 | ||||||||
| Intangible assets, net (excluding goodwill) | 1,812 | 1,730 | 1,352 | 605 | 661 | 617 | 2,793 | ||
| Deposits noncurrent assets | 8,135 | 4,688 | 865 | 5,082 | |||||
| Deferred income tax assets | 10,114 | 15,291 | ✕ | ✕ | ✕ | ✕ | |||
| Other noncurrent assets | 16,312 | 2,759 | 2,580 | ||||||
| Other undisclosed noncurrent assets | 13,826 | 31,519 | 18,814 | 30,194 | 28,288 | 24,152 | 28,968 | ||
| Total noncurrent assets: | 215,382 | 231,902 | 218,799 | 195,071 | 184,766 | 145,795 | 131,636 | ||
| TOTAL ASSETS: | 716,762 | 707,560 | 659,964 | 690,499 | 717,369 | 631,699 | 607,695 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 73,642 | 82,161 | 68,390 | 68,797 | 58,682 | 58,657 | 51,663 | ||
| Accrued liabilities | 50,332 | 55,607 | 45,337 | 47,032 | 40,127 | 35,882 | 31,383 | ||
| Employee-related liabilities | 10,984 | 13,405 | 11,561 | 10,628 | 12,628 | 11,101 | 10,996 | ||
| Taxes payable | 12,326 | 13,149 | 11,492 | 11,137 | 5,927 | 11,674 | 9,284 | ||
| Debt | 47,592 | 44,238 | 46,752 | 60,952 | 79,711 | 45,620 | 40,929 | ||
| Due to related parties | 344 | 309 | 317 | 343 | 312 | 345 | |||
| Deferred tax liabilities | ✕ | ✕ | ✕ | 193 | 194 | ||||
| Customer advances and deposits | ✕ | ✕ | ✕ | ✕ | 1,128 | 700 | 1,613 | ||
| Other undisclosed current liabilities | 230,582 | 227,741 | 188,323 | 211,234 | 233,599 | 219,378 | 203,468 | ||
| Total current liabilities: | 351,816 | 354,484 | 303,774 | 341,300 | 373,463 | 324,860 | 298,212 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 22 | 1,275 | 5,219 | 8,726 | 608 | ||||
| Long-term debt, excluding current maturities | 1,126 | 4,948 | 8,726 | 608 | |||||
| Operating lease, liability | 22 | 149 | 271 | ✕ | ✕ | ✕ | ✕ | ||
| Liabilities, other than long-term debt | 25,455 | 28,164 | 30,946 | 33,701 | 37,112 | 266 | |||
| Accounts payable and accrued liabilities | 21,075 | 23,884 | 26,693 | 29,503 | 32,719 | ||||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 4,198 | 4,393 | 266 | |||
| Deferred income tax liabilities | 4,380 | 4,280 | 4,253 | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed noncurrent liabilities | 2,028 | 3,722 | 10,653 | 1,945 | 665 | 339 | 1,922 | ||
| Total noncurrent liabilities: | 27,505 | 33,161 | 46,818 | 44,372 | 37,777 | 947 | 2,188 | ||
| Total liabilities: | 379,321 | 387,645 | 350,592 | 385,672 | 411,240 | 325,807 | 300,400 | ||
| Temporary equity, carrying amount | 553 | 523 | |||||||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 321,034 | 303,222 | 289,211 | 285,877 | 299,448 | 300,480 | 299,043 | ||
| Common stock | 3 | 3 | 3 | 3 | 3 | 3 | 3 | ||
| Treasury stock, value | (5,261) | (5,261) | (4,261) | (2,953) | (2,907) | (2,907) | (1,000) | ||
| Additional paid in capital | 63,731 | 64,273 | 64,429 | 64,429 | 64,406 | 64,764 | 64,627 | ||
| Accumulated other comprehensive income (loss) | 24,717 | 17,413 | (3,462) | 1,855 | 17,780 | (892) | 18,412 | ||
| Retained earnings | 237,844 | 226,794 | 232,502 | 222,543 | 220,166 | 239,512 | 217,001 | ||
| Stockholders' equity attributable to noncontrolling interest | 15,854 | 16,170 | 20,161 | 18,950 | 6,681 | 5,412 | 8,252 | ||
| Total stockholders' equity: | 336,888 | 319,392 | 309,372 | 304,827 | 306,129 | 305,892 | 307,295 | ||
| TOTAL LIABILITIES AND EQUITY: | 716,762 | 707,560 | 659,964 | 690,499 | 717,369 | 631,699 | 607,695 | ||
Income statement (P&L) ($ in thousands)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 497,993 | 417,636 | 431,427 | 496,158 | 499,063 | 462,050 | 443,533 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 499,063 | 462,050 | 443,533 | |
| Cost of revenue (Cost of Goods and Services Sold) | (425,914) | (362,295) | (368,076) | (430,745) | (414,429) | (381,131) | (363,986) | |
| Gross profit: | 72,079 | 55,341 | 63,351 | 65,413 | 84,634 | 80,919 | 79,547 | |
| Operating expenses | (70,929) | (67,810) | (62,238) | (72,261) | (72,999) | (61,706) | (54,312) | |
| Other undisclosed operating income | 4,368 | 4,320 | 5,067 | 3,940 | 7,635 | 3,803 | 4,417 | |
| Operating income (loss): | 5,518 | (8,149) | 6,180 | (2,908) | 19,270 | 23,016 | 29,652 | |
| Nonoperating income (expense) | (3,204) | (6,284) | 2,839 | 3,905 | 3,338 | 3,150 | 4,249 | |
| Investment income, nonoperating | 2,087 | 2,275 | 3,438 | 2,080 | 3,417 | |||
| Foreign currency transaction gain (loss), before tax | (3,204) | (6,284) | 752 | 457 | (778) | (46) | (12) | |
| Other nonoperating income | 1,173 | 678 | 1,116 | 844 | ||||
| Interest and debt expense | (1,437) | (1,592) | (3,034) | (2,928) | (1,753) | (656) | (1,337) | |
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 7,522 | 3,825 | 1,574 | (570) | (480) | (606) | (517) | |
| Income (loss) from continuing operations before equity method investments, income taxes: | 8,399 | (12,200) | 7,559 | (2,501) | 20,375 | 24,904 | 32,047 | |
| Income from equity method investments | 6,331 | 4,092 | 1,406 | 1,115 | 2,619 | 557 | 340 | |
| Income (loss) from continuing operations before income taxes: | 14,730 | (8,108) | 8,965 | (1,386) | 22,994 | 25,461 | 32,387 | |
| Income tax expense (benefit) | (4,004) | (2,163) | (586) | 1,465 | (41,633) | (2,484) | (4,490) | |
| Net income (loss): | 10,726 | (10,271) | 8,379 | 79 | (18,639) | 22,977 | 27,897 | |
| Net income (loss) attributable to noncontrolling interest | 352 | 5,300 | 1,580 | 2,298 | (707) | (466) | (509) | |
| Other undisclosed net loss attributable to parent | (28) | (9) | ||||||
| Net income (loss) attributable to parent: | 11,050 | (4,980) | 9,959 | 2,377 | (19,346) | 22,511 | 27,388 | |
| Preferred stock dividends and other adjustments | (28) | (9) | ||||||
| Net income (loss) available to common stockholders, diluted: | 11,022 | (4,989) | 9,959 | 2,377 | (19,346) | 22,511 | 27,388 | |
Comprehensive Income ($ in thousands)
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 10,726 | (10,271) | 8,379 | 79 | (18,639) | 22,977 | 27,897 | |
| Other undisclosed comprehensive income (loss) | 7,784 | 22,386 | (5,735) | (16,548) | 19,384 | (19,996) | (18,557) | |
| Comprehensive income (loss): | 18,510 | 12,115 | 2,644 | (16,469) | 745 | 2,981 | 9,340 | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (128) | 3,780 | 1,998 | 2,921 | (1,352) | 226 | 343 | |
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (28) | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 18,354 | 15,895 | 4,642 | (13,548) | (607) | 3,207 | 9,683 | |
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.