Velatel Global Communications Inc (CHTL) financial statements (2020 and earlier)

Company profile

Business Address 5950 LA PLACE COURT, SUITE 160
CARLSBAD, CA 92008
State of Incorp. NV
Fiscal Year End December 31
SIC 4812 - Radiotelephone Communications (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments10
Cash and cash equivalents10
Receivables10
Inventory, net of allowances, customer advances and progress billings0
Inventory0 
Prepaid expense0
Prepaid expense and other current assets0
Assets held-for-sale15
Other undisclosed current assets 0
Total current assets:35
Noncurrent Assets
Property, plant and equipment00
Intangible assets, net (including goodwill)11
Goodwill0 
Intangible assets, net (excluding goodwill)11
Assets of disposal group, including discontinued operation 5
Other undisclosed noncurrent assets(0)(4)
Total noncurrent assets:11
Other undisclosed assets00
TOTAL ASSETS:57
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1413
Accounts payable5 
Other undisclosed accounts payable and accrued liabilities913
Debt119
Derivative instruments and hedges, liabilities186
Due to related parties21
Disposal group, including discontinued operation 9
Deferred revenue and credits1 
Other undisclosed current liabilities72
Total current liabilities:5340
Noncurrent Liabilities
Long-term debt and lease obligation103
Long-term debt, excluding current maturities103
Liabilities, other than long-term debt00
Financial instruments subject to mandatory redemption, settlement terms, share value, amount00
Other undisclosed noncurrent liabilities(10) 
Total noncurrent liabilities:03
Total liabilities:5344
Stockholders' equity
Stockholders' equity attributable to parent, including:(47)(35)
Common stock10
Additional paid in capital277263
Accumulated other comprehensive loss(0)(0)
Accumulated deficit(325)(298)
Other undisclosed stockholders' equity attributable to parent(0)(0)
Stockholders' equity attributable to noncontrolling interest(1)(1)
Total stockholders' equity:(49)(37)
TOTAL LIABILITIES AND EQUITY:57

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

12/31/2013
12/31/2012
Revenues22
Cost of revenue(1)(1)
Gross profit:11
Operating expenses(13)(23)
Operating loss:(12)(22)
Nonoperating expense(10)(16)
Interest and debt expense(11)9
Loss from continuing operations:(34)(29)
Loss from discontinued operations (7)
Loss before gain (loss) on sale of properties:(34)(36)
Other undisclosed net income (loss)16(9)
Net loss:(18)(46)
Net income (loss) attributable to noncontrolling interest(0)2
Other undisclosed net income attributable to parent0 
Net loss available to common stockholders, diluted:(18)(43)

Comprehensive Income ($ in millions)

12/31/2013
12/31/2012
Net loss:(18)(46)
Other undisclosed comprehensive income (loss)0(0)
Comprehensive loss:(18)(46)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0(2)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)5
Comprehensive loss, net of tax, attributable to parent:(18)(43)

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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