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 investments 0227114
Cash and cash equivalents 0227114
Receivables 275825150
Inventory, net of allowances, customer advances and progress billings 1010173357
Inventory 1010173357
Prepaid expense 0     
Deposits current assets 17952 8
Other undisclosed current assets 2773819
Total current assets: 5685322013148
Noncurrent Assets
Property, plant and equipment 393521220170
Intangible assets, net (including goodwill) 0000 1
Intangible assets, net (excluding goodwill) 0000 1
Other undisclosed noncurrent assets 323340213122
Total noncurrent assets: 7168614431193
TOTAL ASSETS: 128153936344341
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 27661910 125
Accounts payable 2366195 125
Accrued liabilities 2     
Employee-related liabilities 2     
Taxes payable    5  
Debt 4021329151
Due to related parties 13224   
Other liabilities 1415406 
Other undisclosed current liabilities 341419121376
Total current liabilities: 93117483548352
Noncurrent Liabilities
Long-term debt and lease obligation 2524247 23
Long-term debt, excluding current maturities 2524247 23
Liabilities, other than long-term debt 22 0 8
Deferred revenue and credits    8
Accounts payable and accrued liabilities 22    
Deferred tax liabilities, net   0 1
Other undisclosed noncurrent liabilities 787  1
Total noncurrent liabilities: 3434317 32
Total liabilities: 127151784248384
Stockholders' equity
Stockholders' equity attributable to parent, including: 021522(4)(43)
Common stock 000000
Treasury stock, value (4)(4)(4)(4)(4)(4)
Additional paid in capital 156156145138127127
Accumulated other comprehensive income (loss) (1)(1)(1)(0)(0)38
Accumulated deficit (165)(163)(140)(126)(142)(226)
Other undisclosed stockholders' equity attributable to parent 151515141422
Stockholders' equity attributable to noncontrolling interest 0     
Total stockholders' equity: 021522(4)(43)
TOTAL LIABILITIES AND EQUITY: 128153936344341

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
Revenues 24581014123186
Revenue, net581014123186
Cost of revenue (28)(69)(12)(13)(113)(202)
Cost of goods and services sold (0)(6)(0)(0)(9)(60)
Gross profit: (3)(10)(2)110(17)
Operating expenses (10)(11)(10)(5)(20)(84)
Operating loss: (13)(21)(12)(4)(11)(101)
Nonoperating income (expense) 12(0)0(0)02
Foreign currency transaction loss, before tax     (0) 
Other nonoperating income (expense) 12(0)0(0)12
Interest and debt expense (2)     
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 1(0) 23(16)(11)
Income (loss) from continuing operations before income taxes: (2)(21)(12)19(27)(110)
Income tax expense   (1)(5)(0)(6)
Income (loss) from continuing operations: (2)(21)(13)14(27)(116)
Income from discontinued operations    264 
Net income (loss): (2)(21)(13)1638(116)
Net income attributable to noncontrolling interest 0     
Net income (loss) available to common stockholders, diluted: (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): (2)(21)(13)1638(116)
Comprehensive income (loss): (2)(21)(13)1638(116)
Comprehensive income, net of tax, attributable to noncontrolling interest 0     
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (0)1(1)(0)(38)1
Comprehensive income (loss), net of tax, attributable to parent: (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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