China Recycling Energy Corporation (CREG) financial statements (2020 and earlier)

Company profile

Business Address 4/F, TOWER C, RONG CHENG YUN GU BUILDING
XI'AN CITY, SHAANXI PROVINCE, 710075
State of Incorp. NV
Fiscal Year End December 31
SIC 7389 - Business Services, Not Elsewhere Classified (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
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5153504842
Cash and cash equivalents5153504842
Restricted cash and investments    1
Receivables611151
Prepaid expense00111
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases 1287
Other undisclosed current assets4412271315
Total current assets:10176907467
Noncurrent Assets
Property, plant and equipment2727000
Long-term investments and receivables 254750134
Long-term investments 0111
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases254649133
Deposits noncurrent assets00000
Other undisclosed noncurrent assets33439586116
Total noncurrent assets:5996142136250
TOTAL ASSETS:160171232211317
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities69631
Accounts payable26320
Taxes payable34211
Debt   17
Due to related parties00000
Deferred tax liabilities2212
Other undisclosed current liabilities7066594946
Total current liabilities:7677665457
Noncurrent Liabilities
Long-term debt and lease obligation01 016
Long-term debt, excluding current maturities01 016
Liabilities, other than long-term debt03121235
Customer advances or deposits  2
Accounts payable and accrued liabilities00   
Deferred tax liabilities, net3121233
Other undisclosed noncurrent liabilities97(1)(9)(4)
Total noncurrent liabilities:101210346
Total liabilities:86887757103
Stockholders' equity
Stockholders' equity attributable to parent7487156154213
Common stock00000
Additional paid in capital116114112112112
Accumulated other comprehensive income (loss)(7)(5)1(8)3
Retained earnings (accumulated deficit)(34)(23)435098
Stockholders' equity attributable to noncontrolling interest (4)(0)(0)0
Total stockholders' equity:7483155153214
TOTAL LIABILITIES AND EQUITY:160171232211317

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues586424
Revenue, net  24
Operating leases, income statement, lease revenue2564
Net investment income33   
Cost of revenue
(Cost of Goods and Services Sold)
   (0)(21)
Gross profit:58643
Operating expenses(67)(66)(7)(62)(2)
Other undisclosed operating income (loss)(3) 71223
Operating income (loss):(64)(58)6(46)24
Nonoperating expense(12)(9)(5)(10)(2)
Interest and debt expense(7)(9)(6)(7)(3)
Other undisclosed income from continuing operations before equity method investments, income taxes    3
Income (loss) from continuing operations before equity method investments, income taxes:(84)(75)(5)(63)22
Other undisclosed income from continuing operations before income taxes7967 
Income (loss) from continuing operations before income taxes:(76)(67)0(56)22
Income tax expense (benefit)0(3)(8)7(3)
Net income (loss):(76)(69)(8)(49)18
Net income attributable to noncontrolling interest33000
Net income (loss) available to common stockholders, diluted:(73)(66)(7)(48)18

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(76)(69)(8)(49)18
Comprehensive income (loss):(76)(69)(8)(49)18
Comprehensive income, net of tax, attributable to noncontrolling interest66110
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(3)(9)9(12)(13)
Comprehensive income (loss), net of tax, attributable to parent:(73)(71)2(60)6

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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