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 investments133,451107,38782,540103,88994,14561,56790,885
Cash and cash equivalents131,69597,24876,70886,34664,55831,09269,676
Short-term investments1,75610,1395,83217,54329,58730,47521,209
Restricted cash and investments27,80430,81329,68829,62331,53530,79931,402
Receivables199,803221,316218,339237,519274,989285,731254,397
Inventory, net of allowances, customer advances and progress billings116,49388,32582,93188,02179,21768,05065,570
Inventory116,49388,32582,93188,02179,21768,05065,570
Prepaid expense1,3661,486293    
Advances on inventory purchases6,0665,9934,283    
Deposits current assets  264    
Other current assets6076371,736    
Other undisclosed current assets15,79019,70121,09136,37652,71739,75733,805
Total current assets:501,380475,658441,165495,428532,603485,904476,059
Noncurrent Assets
Operating lease, right-of-use asset138257376
Nontrade receivables3581793071,7992,1882,2523,882
Property, plant and equipment127,721141,004140,437129,853126,033101,47884,151
Long-term investments and receivables36,96649,76639,64232,62027,59616,4316,152
Long-term investments36,96649,76639,64232,62027,59616,4316,152
Intangible assets, net (including goodwill)1,8121,7301,3526056616173,401
Goodwill      608
Intangible assets, net (excluding goodwill)1,8121,7301,3526056616172,793
Deposits noncurrent assets8,1354,688   8655,082
Deferred income tax assets10,114 15,291
Other noncurrent assets16,3122,7592,580    
Other undisclosed noncurrent assets13,82631,51918,81430,19428,28824,15228,968
Total noncurrent assets:215,382231,902218,799195,071184,766145,795131,636
TOTAL ASSETS:716,762707,560659,964690,499717,369631,699607,695
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities73,64282,16168,39068,79758,68258,65751,663
Accrued liabilities50,33255,60745,33747,03240,12735,88231,383
Employee-related liabilities10,98413,40511,56110,62812,62811,10110,996
Taxes payable12,32613,14911,49211,1375,92711,6749,284
Debt47,59244,23846,75260,95279,71145,62040,929
Due to related parties 344309317343312345
Deferred tax liabilities  193194
Customer advances and deposits1,1287001,613
Other undisclosed current liabilities230,582227,741188,323211,234233,599219,378203,468
Total current liabilities:351,816354,484303,774341,300373,463324,860298,212
Noncurrent Liabilities
Long-term debt and lease obligation221,2755,2198,726 608 
Long-term debt, excluding current maturities 1,1264,9488,726 608 
Operating lease, liability22149271
Liabilities, other than long-term debt25,45528,16430,94633,70137,112 266
Accounts payable and accrued liabilities21,07523,88426,69329,50332,719  
Deferred tax liabilities, net4,1984,393 266
Deferred income tax liabilities4,3804,2804,253
Other undisclosed noncurrent liabilities2,0283,72210,6531,9456653391,922
Total noncurrent liabilities:27,50533,16146,81844,37237,7779472,188
Total liabilities:379,321387,645350,592385,672411,240325,807300,400
Temporary equity, carrying amount553523     
Stockholders' equity
Stockholders' equity attributable to parent321,034303,222289,211285,877299,448300,480299,043
Common stock3333333
Treasury stock, value(5,261)(5,261)(4,261)(2,953)(2,907)(2,907)(1,000)
Additional paid in capital63,73164,27364,42964,42964,40664,76464,627
Accumulated other comprehensive income (loss)24,71717,413(3,462)1,85517,780(892)18,412
Retained earnings237,844226,794232,502222,543220,166239,512217,001
Stockholders' equity attributable to noncontrolling interest15,85416,17020,16118,9506,6815,4128,252
Total stockholders' equity:336,888319,392309,372304,827306,129305,892307,295
TOTAL LIABILITIES AND EQUITY:716,762707,560659,964690,499717,369631,699607,695

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
Revenues497,993417,636431,427496,158499,063462,050443,533
Revenue, net499,063462,050443,533
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:72,07955,34163,35165,41384,63480,91979,547
Operating expenses(70,929)(67,810)(62,238)(72,261)(72,999)(61,706)(54,312)
Other undisclosed operating income4,3684,3205,0673,9407,6353,8034,417
Operating income (loss):5,518(8,149)6,180(2,908)19,27023,01629,652
Nonoperating income (expense)(3,204)(6,284)2,8393,9053,3383,1504,249
Investment income, nonoperating  2,0872,2753,4382,0803,417
Foreign currency transaction gain (loss), before tax(3,204)(6,284)752457(778)(46)(12)
Other nonoperating income   1,1736781,116844
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 taxes7,5223,8251,574(570)(480)(606)(517)
Income (loss) from continuing operations before equity method investments, income taxes:8,399(12,200)7,559(2,501)20,37524,90432,047
Income from equity method investments6,3314,0921,4061,1152,619557340
Income (loss) from continuing operations before income taxes:14,730(8,108)8,965(1,386)22,99425,46132,387
Income tax expense (benefit)(4,004)(2,163)(586)1,465(41,633)(2,484)(4,490)
Net income (loss):10,726(10,271)8,37979(18,639)22,97727,897
Net income (loss) attributable to noncontrolling interest3525,3001,5802,298(707)(466)(509)
Other undisclosed net loss attributable to parent(28)(9)     
Net income (loss) attributable to parent:11,050(4,980)9,9592,377(19,346)22,51127,388
Preferred stock dividends and other adjustments(28)(9)     
Net income (loss) available to common stockholders, diluted:11,022(4,989)9,9592,377(19,346)22,51127,388

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)8,37979(18,639)22,97727,897
Other undisclosed comprehensive income (loss)7,78422,386(5,735)(16,548)19,384(19,996)(18,557)
Comprehensive income (loss):18,51012,1152,644(16,469)7452,9819,340
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(128)3,7801,9982,921(1,352)226343
Other undisclosed comprehensive loss, net of tax, attributable to parent(28)      
Comprehensive income (loss), net of tax, attributable to parent:18,35415,8954,642(13,548)(607)3,2079,683

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.

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