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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 10494629111089
Cash and cash equivalents 866531706954
Short-term investments 183030214136
Restricted cash and investments 3032313134 
Receivables 238275286254282268
Inventory, net of allowances, customer advances and progress billings 887968666451
Inventory 887968666451
Assets held-for-sale1
Other undisclosed current assets 365340343361
Total current assets: 495533486476523470
Noncurrent Assets
Nontrade receivables 22242
Property, plant and equipment 130126101848280
Long-term investments and receivables, including: 332816610291
Long-term investments 332816654
Other undisclosed long-term investments and receivables     9787
Intangible assets, net (including goodwill) 111341
Goodwill    11 
Intangible assets, net (excluding goodwill) 111331
Deposits noncurrent assets   15  
Other undisclosed noncurrent assets 30282429(83)(76)
Total noncurrent assets: 19518514613210795
TOTAL ASSETS: 690717632608629566
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 695959526137
Accrued liabilities 474036313529
Employee-related liabilities 1113111113 
Taxes payable 116129128
Interest and dividends payable     1 
Debt 618046414437
Due to related parties 00000 
Deferred tax liabilities  0000
Customer advances and deposits1122
Other undisclosed current liabilities 211234219203217217
Total current liabilities: 341373325298325291
Noncurrent Liabilities
Long-term debt and lease obligation 9 1   
Long-term debt, excluding current maturities 9 1   
Liabilities, other than long-term debt 3437 00 
Accounts payable and accrued liabilities 3033    
Deferred tax liabilities, net44 00 
Other undisclosed noncurrent liabilities 210263
Total noncurrent liabilities: 44381263
Total liabilities: 386411326300331294
Stockholders' equity
Stockholders' equity attributable to parent 286299300299289227
Common stock 000000
Treasury stock, value (3)(3)(3)(1)(1)(1)
Additional paid in capital 646465656540
Accumulated other comprehensive income (loss) 218(1)183632
Retained earnings 223220240217190156
Stockholders' equity attributable to noncontrolling interest 19758945
Total stockholders' equity: 305306306307298272
TOTAL LIABILITIES AND EQUITY: 690717632608629566

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues 496499462444467415
Revenue, net499462444467415
Cost of revenue
(Cost of Goods and Services Sold)
 (431)(414)(381)(364)(414)(372)
Other undisclosed gross profit     3434
Gross profit: 658581808777
Operating expenses (72)(73)(62)(54)(55)(47)
Other undisclosed operating income 4844128
Operating income (loss): (3)1923304437
Nonoperating income 433444
Investment income, nonoperating 232333
Foreign currency transaction gain (loss), before tax 0(1)(0)(0)(0)(0)
Other nonoperating income 111111
Interest and debt expense (3)(2)(1)(1)(2)(2)
Other undisclosed loss from continuing operations before equity method investments, income taxes (1)(0)(1)(1)(0)(1)
Income (loss) from continuing operations before equity method investments, income taxes: (3)2025324638
Income from equity method investments 131000
Income (loss) from continuing operations before income taxes: (1)2325324639
Income tax expense (benefit) 1(42)(2)(4)(7)(5)
Net income (loss): 0(19)23284033
Net income (loss) attributable to noncontrolling interest 2(1)(0)(1)(6)(6)
Net income (loss) available to common stockholders, diluted: 2(19)23273427

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss): 0(19)23284033
Other undisclosed comprehensive income (loss) (17)19(20)(19)(1)7
Comprehensive income (loss): (16)1393940
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 3(1)00(6)6
Comprehensive income (loss), net of tax, attributable to parent: (14)(1)3103347

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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