CECO Environmental Corp. (CECE) financial statements (2020 and earlier)

Company profile

Business Address 14651 NORTH DALLAS PARKWAY
DALLAS, TX 75254
State of Incorp. DE
Fiscal Year End December 31
SIC 3564 - Industrial and Commercial Fans and Blowers and Air Purification Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
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 investments36443046341923
Cash and cash equivalents36443046341923
Restricted cash and investments11     
Receivables685368839810244
Inventory, net of allowances, customer advances and progress billings21212121332325
Inventory21212121332325
Prepaid expense 122544
Contract with customer, asset3530
Disposal group, including discontinued operation118824 
Assets held-for-sale11
Costs in excess of billings3438432411
Deferred tax assets    11
Other current assets     97
Other undisclosed current assets1810111514(44)(1)
Total current assets:179161174213228143125
Noncurrent Assets
Operating lease, right-of-use asset14
Property, plant and equipment15222327451922
Intangible assets, net (including goodwill)198206237253321246197
Goodwill152152167170220168132
Intangible assets, net (excluding goodwill)465470831017865
Deferred costs     45
Deferred tax assets, net    30
Other undisclosed noncurrent assets33554  
Total noncurrent assets:229232265286370271224
TOTAL ASSETS:409393439499599414349
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:78807196995134
Accounts payable495245596232 
Accrued liabilities53415148 
Employee-related liabilities6858832
Taxes payable 2 2202
Interest and dividends payable    00 
Other undisclosed accounts payable and accrued liabilities1915161213830
Deferred revenue34
Debt3212919910
Business combination, contingent consideration, liability     9
Billings in excess of cost2035281513
Deferred tax liabilities    2 
Contract with customer, liability20
Other undisclosed current liabilities 1562(10)2
Total current liabilities:1151041081461487559
Noncurrent Liabilities
Long-term debt and lease obligation747410411415810479
Long-term debt, excluding current maturities637410411415810479
Operating lease, liability11
Liabilities, other than long-term debt20364148485440
Deferred tax liabilities, net91013182629
Other liabilities20273035302810
Other undisclosed noncurrent liabilities6      
Total noncurrent liabilities:100110144162206158119
Total liabilities:216214252309354233178
Stockholders' equity
Stockholders' equity attributable to parent193179187190239181170
Common stock0000000
Treasury stock, value(0)(0)(0)(0)(0)(0)(0)
Additional paid in capital254251248245243169160
Accumulated other comprehensive loss(15)(13)(9)(13)(10)(7)(1)
Retained earnings (accumulated deficit)(46)(59)(53)(42)51912
Stockholders' equity attributable to noncontrolling interest    6  
Total stockholders' equity:193179187190245181170
TOTAL LIABILITIES AND EQUITY:409393439499599414349

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues342337345417367263197
Revenue, net345417367263197
Cost of revenue(228)(226)(232)(282)(258)(179)(136)
Cost of goods and services sold(228)(226)(232)(282)(258)(178)(136)
Other undisclosed gross profit     0(0)
Gross profit:1141121131351098562
Operating expenses(96)(102)(105)(160)(104)(63)(49)
Other undisclosed operating income (loss)     0(5)
Operating income (loss):18108(26)5227
Nonoperating income (expense)1(0)00(2)(5)1
Foreign currency transaction loss, before tax     (2) 
Other nonoperating income (expense)1(0)00(2)(2)1
Interest and debt expense(5)(7)(7)(8)(6)(3)(1)
Other undisclosed income from continuing operations before equity method investments, income taxes     2 
Income (loss) from continuing operations before income taxes:1321(33)(3)166
Income tax expense (benefit)4(10)(4)(5)(3)(3)0
Net income (loss):18(7)(3)(38)(6)137
Net income attributable to noncontrolling interest   00  
Net income (loss) available to common stockholders, diluted:18(7)(3)(38)(6)137

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):18(7)(3)(38)(6)137
Other comprehensive income (loss)00(0)003 
Other undisclosed comprehensive income (loss)(1)(4)4(4)(3)  
Comprehensive income (loss):17(11)1(42)(9)167
Comprehensive income, net of tax, attributable to noncontrolling interest   00  
Other undisclosed comprehensive income (loss), net of tax, attributable to parent     (9)1
Comprehensive income (loss), net of tax, attributable to parent:17(11)1(42)(9)78

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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