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 investments 53504842
Cash and cash equivalents 53504842
Restricted cash and investments    1
Receivables 11151
Prepaid expense 0111
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases 1287
Other undisclosed current assets 12271315
Total current assets: 76907467
Noncurrent Assets
Property, plant and equipment 27000
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 assets 0000
Other undisclosed noncurrent assets 439586116
Total noncurrent assets: 96142136250
TOTAL ASSETS: 171232211317
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 9631
Accounts payable 6320
Taxes payable 4211
Debt   17
Due to related parties 0000
Deferred tax liabilities2212
Other undisclosed current liabilities 66594946
Total current liabilities: 77665457
Noncurrent Liabilities
Long-term debt and lease obligation 1 016
Long-term debt, excluding current maturities 1 016
Liabilities, other than long-term debt 3121235
Customer advances or deposits  2
Accounts payable and accrued liabilities 0   
Deferred tax liabilities, net3121233
Other undisclosed noncurrent liabilities 7(1)(9)(4)
Total noncurrent liabilities: 1210346
Total liabilities: 887757103
Stockholders' equity
Stockholders' equity attributable to parent 87156154213
Common stock 0000
Additional paid in capital 114112112112
Accumulated other comprehensive income (loss) (5)1(8)3
Retained earnings (accumulated deficit) (23)435098
Stockholders' equity attributable to noncontrolling interest (4)(0)(0)0
Total stockholders' equity: 83155153214
TOTAL LIABILITIES AND EQUITY: 171232211317

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues 86424
Revenue, net  24
Operating leases, income statement, lease revenue564
Net investment income 3   
Cost of revenue
(Cost of Goods and Services Sold)
   (0)(21)
Gross profit: 8643
Operating expenses (66)(7)(62)(2)
Other undisclosed operating income  71223
Operating income (loss): (58)6(46)24
Nonoperating expense (9)(5)(10)(2)
Interest and debt expense (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: (75)(5)(63)22
Other undisclosed income from continuing operations before income taxes 967 
Income (loss) from continuing operations before income taxes: (67)0(56)22
Income tax expense (benefit) (3)(8)7(3)
Net income (loss): (69)(8)(49)18
Net income attributable to noncontrolling interest 3000
Net income (loss) available to common stockholders, diluted: (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): (69)(8)(49)18
Comprehensive income (loss): (69)(8)(49)18
Comprehensive income, net of tax, attributable to noncontrolling interest 6110
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (9)9(12)(13)
Comprehensive income (loss), net of tax, attributable to parent: (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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: