CTI Industries Corporation (CTIB) financial statements (2021 and earlier)

Company profile

Business Address 22160 N PEPPER RD
BARRINGTON, IL 60010
State of Incorp. IL
Fiscal Year End December 31
SIC 306 - Fabricated Rubber Products, Not Elsewhere (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 100100
Cash and cash equivalents 100100
Receivables 101111151111
Inventory, net of allowances, customer advances and progress billings 142019181818
Inventory 142019181818
Prepaid expense 011112
Disposal group, including discontinued operation 1     
Other current assets 111111
Other undisclosed current assets (0)  111
Total current assets: 283332363232
Noncurrent Assets
Operating lease, right-of-use asset 1
Property, plant and equipment 345578
Long-term investments and receivables   0000
Due from related parties   0000
Intangible assets, net (including goodwill)  11111
Goodwill  11111
Deferred costs     00
Other noncurrent assets  01000
Other undisclosed noncurrent assets 001111
Total noncurrent assets: 4688911
TOTAL ASSETS: 313940444243
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 897977
Accounts payable 775644
Accrued liabilities 122332
Debt 352422
Due to related parties 000000
Disposal group, including discontinued operation 1     
Other undisclosed current liabilities 151713111112
Total current liabilities: 283023242021
Noncurrent Liabilities
Long-term debt and lease obligation 327789
Long-term debt, excluding current maturities 327789
Capital lease obligations    0
Liabilities, other than long-term debt  00  1
Deferred revenue and credits0   
Deferred gain on sale of property  0
Due to related parties      1
Other undisclosed noncurrent liabilities  (0)(0)11(1)
Total noncurrent liabilities: 327899
Total liabilities: 303330322930
Stockholders' equity
Stockholders' equity attributable to parent 2711131313
Common stock 141414141414
Treasury stock, value (0)(0)(0)(0)(0)(0)
Additional paid in capital 432222
Accumulated other comprehensive loss (5)(6)(5)(6)(4)(3)
Retained earnings (accumulated deficit) (10)(3)1221
Stockholders' equity attributable to noncontrolling interest (1)(1)(1)(1)(0)(0)
Total stockholders' equity: 1610121313
TOTAL LIABILITIES AND EQUITY: 313940444243

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

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 415656645958
Revenue, net56645958
Cost of revenue
(Cost of Goods and Services Sold)
 (34)(44)(42)(47)(43)(44)
Other undisclosed gross profit      (0)
Gross profit: 61114171614
Operating expenses (8)(12)(13)(14)(14)(13)
Operating income (loss): (2)(1)1332
Nonoperating expense (3)(2)(2)(2)(2)(1)
Other nonoperating expense (1)     
Interest and debt expense (2)(2)(2)(1)(2)(1)
Loss from continuing operations before equity method investments, income taxes: (7)(5)(3)(0)(0)(1)
Other undisclosed income from continuing operations before income taxes 222121
Income (loss) from continuing operations before income taxes: (5)(3)(1)111
Income tax expense (0)(1)(1)(1)(0)(0)
Other undisclosed loss from continuing operations (1)     
Income (loss) from continuing operations: (6)(4)(2)110
Loss from discontinued operations (3)     
Income (loss) before gain (loss) on sale of properties: (9)(4)(2)110
Other undisclosed net income 1     
Net income (loss): (8)(4)(2)110
Net income attributable to noncontrolling interest 100000
Net income (loss) available to common stockholders, basic: (7)(4)(2)111
Other undisclosed net income available to common stockholders, diluted  7    
Net income (loss) available to common stockholders, diluted: (7)4(2)111

Comprehensive Income ($ in millions)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss): (8)(4)(2)110
Other comprehensive income (loss) 0  (2)(1)(1)
Comprehensive loss: (8)(4)(2)(1)(0)(0)
Comprehensive income, net of tax, attributable to noncontrolling interest 100000
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  (1)0   
Comprehensive loss, net of tax, attributable to parent: (7)(4)(1)(1)(0)(0)

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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