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 | 104 | 94 | 62 | 91 | 110 | 89 | |||
| Cash and cash equivalents | 86 | 65 | 31 | 70 | 69 | 54 | |||
| Short-term investments | 18 | 30 | 30 | 21 | 41 | 36 | |||
| Restricted cash and investments | 30 | 32 | 31 | 31 | 34 | ||||
| Receivables | 238 | 275 | 286 | 254 | 282 | 268 | |||
| Inventory, net of allowances, customer advances and progress billings | 88 | 79 | 68 | 66 | 64 | 51 | |||
| Inventory | 88 | 79 | 68 | 66 | 64 | 51 | |||
| Assets held-for-sale | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 1 | ||
| Other undisclosed current assets | 36 | 53 | 40 | 34 | 33 | 61 | |||
| Total current assets: | 495 | 533 | 486 | 476 | 523 | 470 | |||
| Noncurrent Assets | |||||||||
| Nontrade receivables | 2 | 2 | 2 | 4 | 2 | ✕ | |||
| Property, plant and equipment | 130 | 126 | 101 | 84 | 82 | 80 | |||
| Long-term investments and receivables, including: | 33 | 28 | 16 | 6 | 102 | 91 | |||
| Long-term investments | 33 | 28 | 16 | 6 | 5 | 4 | |||
| Other undisclosed long-term investments and receivables | 97 | 87 | |||||||
| Intangible assets, net (including goodwill) | 1 | 1 | 1 | 3 | 4 | 1 | |||
| Goodwill | 1 | 1 | |||||||
| Intangible assets, net (excluding goodwill) | 1 | 1 | 1 | 3 | 3 | 1 | |||
| Deposits noncurrent assets | 1 | 5 | |||||||
| Other undisclosed noncurrent assets | 30 | 28 | 24 | 29 | (83) | (76) | |||
| Total noncurrent assets: | 195 | 185 | 146 | 132 | 107 | 95 | |||
| TOTAL ASSETS: | 690 | 717 | 632 | 608 | 629 | 566 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 69 | 59 | 59 | 52 | 61 | 37 | |||
| Accrued liabilities | 47 | 40 | 36 | 31 | 35 | 29 | |||
| Employee-related liabilities | 11 | 13 | 11 | 11 | 13 | ||||
| Taxes payable | 11 | 6 | 12 | 9 | 12 | 8 | |||
| Interest and dividends payable | 1 | ||||||||
| Debt | 61 | 80 | 46 | 41 | 44 | 37 | |||
| Due to related parties | 0 | 0 | 0 | 0 | 0 | ||||
| Deferred tax liabilities | ✕ | 0 | 0 | 0 | 0 | ||||
| Customer advances and deposits | ✕ | ✕ | 1 | 1 | 2 | 2 | ✕ | ||
| Other undisclosed current liabilities | 211 | 234 | 219 | 203 | 217 | 217 | |||
| Total current liabilities: | 341 | 373 | 325 | 298 | 325 | 291 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 9 | 1 | |||||||
| Long-term debt, excluding current maturities | 9 | 1 | |||||||
| Liabilities, other than long-term debt | 34 | 37 | 0 | 0 | |||||
| Accounts payable and accrued liabilities | 30 | 33 | |||||||
| Deferred tax liabilities, net | ✕ | 4 | 4 | 0 | 0 | ||||
| Other undisclosed noncurrent liabilities | 2 | 1 | 0 | 2 | 6 | 3 | |||
| Total noncurrent liabilities: | 44 | 38 | 1 | 2 | 6 | 3 | |||
| Total liabilities: | 386 | 411 | 326 | 300 | 331 | 294 | |||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 286 | 299 | 300 | 299 | 289 | 227 | |||
| Common stock | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Treasury stock, value | (3) | (3) | (3) | (1) | (1) | (1) | |||
| Additional paid in capital | 64 | 64 | 65 | 65 | 65 | 40 | |||
| Accumulated other comprehensive income (loss) | 2 | 18 | (1) | 18 | 36 | 32 | |||
| Retained earnings | 223 | 220 | 240 | 217 | 190 | 156 | |||
| Stockholders' equity attributable to noncontrolling interest | 19 | 7 | 5 | 8 | 9 | 45 | |||
| Total stockholders' equity: | 305 | 306 | 306 | 307 | 298 | 272 | |||
| TOTAL LIABILITIES AND EQUITY: | 690 | 717 | 632 | 608 | 629 | 566 | |||
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 | 496 | 499 | 462 | 444 | 467 | 415 | ||
| Revenue, net | ✕ | ✕ | 499 | 462 | 444 | 467 | 415 | |
| Cost of revenue (Cost of Goods and Services Sold) | (431) | (414) | (381) | (364) | (414) | (372) | ||
| Other undisclosed gross profit | 34 | 34 | ||||||
| Gross profit: | 65 | 85 | 81 | 80 | 87 | 77 | ||
| Operating expenses | (72) | (73) | (62) | (54) | (55) | (47) | ||
| Other undisclosed operating income | 4 | 8 | 4 | 4 | 12 | 8 | ||
| Operating income (loss): | (3) | 19 | 23 | 30 | 44 | 37 | ||
| Nonoperating income | 4 | 3 | 3 | 4 | 4 | 4 | ||
| Investment income, nonoperating | 2 | 3 | 2 | 3 | 3 | 3 | ||
| Foreign currency transaction gain (loss), before tax | 0 | (1) | (0) | (0) | (0) | (0) | ||
| Other nonoperating income | 1 | 1 | 1 | 1 | 1 | 1 | ||
| 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) | 20 | 25 | 32 | 46 | 38 | ||
| Income from equity method investments | 1 | 3 | 1 | 0 | 0 | 0 | ||
| Income (loss) from continuing operations before income taxes: | (1) | 23 | 25 | 32 | 46 | 39 | ||
| Income tax expense (benefit) | 1 | (42) | (2) | (4) | (7) | (5) | ||
| Net income (loss): | 0 | (19) | 23 | 28 | 40 | 33 | ||
| Net income (loss) attributable to noncontrolling interest | 2 | (1) | (0) | (1) | (6) | (6) | ||
| Net income (loss) available to common stockholders, diluted: | 2 | (19) | 23 | 27 | 34 | 27 | ||
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) | 23 | 28 | 40 | 33 | ||
| Other undisclosed comprehensive income (loss) | (17) | 19 | (20) | (19) | (1) | 7 | ||
| Comprehensive income (loss): | (16) | 1 | 3 | 9 | 39 | 40 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 3 | (1) | 0 | 0 | (6) | 6 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (14) | (1) | 3 | 10 | 33 | 47 | ||
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.