CBAK Energy Technology, Inc. (CBAT) financial statements (2020 and earlier)

Company profile

Business Address BAK INDUSTRIAL PARK, MEIGUI STREET
DALIAN, 116422
State of Incorp. NV
Fiscal Year End December 31
SIC 369 - Miscellaneous Electrical Machinery, Equipment, and Supplies (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
9/30/2016
9/30/2015
9/30/2014
9/30/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments00227114
Cash and cash equivalents00227114
Receivables22275825150
Inventory, net of allowances, customer advances and progress billings111010173357
Inventory111010173357
Prepaid expense00     
Deposits current assets817952 8
Other undisclosed current assets12773819
Total current assets:425685322013148
Noncurrent Assets
Property, plant and equipment41393521220170
Intangible assets, net (including goodwill)00000 1
Intangible assets, net (excluding goodwill)00000 1
Other undisclosed noncurrent assets27323340213122
Total noncurrent assets:687168614431193
TOTAL ASSETS:110128153936344341
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3027661910 125
Accounts payable252366195 125
Accrued liabilities22     
Employee-related liabilities32     
Taxes payable    5  
Debt124021329151
Due to related parties213224   
Other liabilities81415406 
Other undisclosed current liabilities25341419121376
Total current liabilities:7693117483548352
Noncurrent Liabilities
Long-term debt and lease obligation132524247 23
Long-term debt, excluding current maturities132524247 23
Liabilities, other than long-term debt222 0 8
Deferred revenue and credits    8
Accounts payable and accrued liabilities222    
Deferred tax liabilities, net   0 1
Other undisclosed noncurrent liabilities7787  1
Total noncurrent liabilities:223434317 32
Total liabilities:99127151784248384
Stockholders' equity
Stockholders' equity attributable to parent, including:11021522(4)(43)
Common stock0000000
Treasury stock, value(4)(4)(4)(4)(4)(4)(4)
Additional paid in capital175156156145138127127
Accumulated other comprehensive income (loss)(2)(1)(1)(1)(0)(0)38
Accumulated deficit(172)(165)(163)(140)(126)(142)(226)
Other undisclosed stockholders' equity attributable to parent15151515141422
Stockholders' equity attributable to noncontrolling interest00     
Total stockholders' equity:12021522(4)(43)
TOTAL LIABILITIES AND EQUITY:110128153936344341

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

9/30/2019
TTM
12/31/2018
12/31/2017
9/30/2016
9/30/2015
9/30/2014
9/30/2013
Revenues2724581014123186
Revenue, net581014123186
Cost of revenue(27)(28)(69)(12)(13)(113)(202)
Cost of goods and services sold(1)(0)(6)(0)(0)(9)(60)
Gross profit:0(3)(10)(2)110(17)
Operating expenses(10)(10)(11)(10)(5)(20)(84)
Operating loss:(10)(13)(21)(12)(4)(11)(101)
Nonoperating income (expense)012(0)0(0)02
Foreign currency transaction loss, before tax     (0) 
Other nonoperating income (expense)012(0)0(0)12
Interest and debt expense(2)(2)     
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes11(0) 23(16)(11)
Income (loss) from continuing operations before income taxes:(11)(2)(21)(12)19(27)(110)
Income tax expense   (1)(5)(0)(6)
Income (loss) from continuing operations:(11)(2)(21)(13)14(27)(116)
Income from discontinued operations    264 
Net income (loss):(11)(2)(21)(13)1638(116)
Net income attributable to noncontrolling interest00     
Net income (loss) available to common stockholders, diluted:(11)(2)(21)(13)1638(116)

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
9/30/2016
9/30/2015
9/30/2014
9/30/2013
Net income (loss):(11)(2)(21)(13)1638(116)
Comprehensive income (loss):(11)(2)(21)(13)1638(116)
Comprehensive income, net of tax, attributable to noncontrolling interest00     
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1)(0)1(1)(0)(38)1
Comprehensive income (loss), net of tax, attributable to parent:(11)(2)(21)(14)15(0)(115)

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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