CBAK Energy Technology, Inc. (CBAT) financial statements (2021 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)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
9/30/2016
9/30/2015
9/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 202271
Cash and cash equivalents 202271
Receivables 122758251
Inventory, net of allowances, customer advances and progress billings 910101733
Inventory 910101733
Prepaid expense 00    
Deposits current assets 617952 
Other undisclosed current assets 027738
Total current assets: 285685322013
Noncurrent Assets
Finance lease, right-of-use asset 7
Operating lease, right-of-use asset 7
Property, plant and equipment 38393521220
Intangible assets, net (including goodwill) 00000 
Intangible assets, net (excluding goodwill) 00000 
Other undisclosed noncurrent assets 153233402131
Total noncurrent assets: 677168614431
TOTAL ASSETS: 96128153936344
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 1627661910 
Accounts payable 112366195 
Accrued liabilities 22    
Employee-related liabilities 32    
Taxes payable     5 
Debt 204021329
Due to related parties 013224  
Other liabilities 71415406
Other undisclosed current liabilities 163414191213
Total current liabilities: 5993117483548
Noncurrent Liabilities
Long-term debt and lease obligation 142524247 
Long-term debt, excluding current maturities 142524247 
Liabilities, other than long-term debt 222 0 
Accounts payable and accrued liabilities 222   
Deferred tax liabilities, net   0 
Other undisclosed noncurrent liabilities 7787  
Total noncurrent liabilities: 233434317 
Total liabilities: 82127151784248
Stockholders' equity
Stockholders' equity attributable to parent, including: 14021522(4)
Common stock 000000
Treasury stock, value (4)(4)(4)(4)(4)(4)
Additional paid in capital 180156156145138127
Accumulated other comprehensive loss (2)(1)(1)(1)(0)(0)
Accumulated deficit (176)(165)(163)(140)(126)(142)
Other undisclosed stockholders' equity attributable to parent 151515151414
Stockholders' equity attributable to noncontrolling interest 00    
Total stockholders' equity: 14021522(4)
TOTAL LIABILITIES AND EQUITY: 96128153936344

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

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
9/30/2016
9/30/2015
9/30/2014
Revenues 2224581014123
Revenue, net581014123
Cost of revenue (22)(28)(69)(12)(13)(113)
Cost of goods and services sold (26)(0)(6)(0)(0)(9)
Gross profit: 1(3)(10)(2)110
Operating expenses (11)(10)(11)(10)(5)(20)
Operating loss: (10)(13)(21)(12)(4)(11)
Nonoperating income (expense) 112(0)0(0)0
Foreign currency transaction loss, before tax      (0)
Other nonoperating income (expense) 112(0)0(0)1
Interest and debt expense (2)(2)    
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 11(0) 23(16)
Income (loss) from continuing operations before income taxes: (11)(2)(21)(12)19(27)
Income tax expense    (1)(5)(0)
Income (loss) from continuing operations: (11)(2)(21)(13)14(27)
Income from discontinued operations     264
Net income (loss): (11)(2)(21)(13)1638
Net income attributable to noncontrolling interest 00    
Net income (loss) available to common stockholders, diluted: (11)(2)(21)(13)1638

Comprehensive Income ($ in millions)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
9/30/2016
9/30/2015
9/30/2014
Net income (loss): (11)(2)(21)(13)1638
Comprehensive income (loss): (11)(2)(21)(13)1638
Comprehensive income, net of tax, attributable to noncontrolling interest 00    
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (0)(0)1(1)(0)(38)
Comprehensive income (loss), net of tax, attributable to parent: (11)(2)(21)(14)15(0)

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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