China United Insurance Service, Inc. (CUII) financial statements (2022 and earlier)

Company profile

Business Address 7F, NO. 311 SECTION 3,
TAIPEI CITY, 00000
State of Incorp.
Fiscal Year End December 31
SIC 6411 - Insurance Agents, Brokers, and Service (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 10,33612,61516,69515,47425,522
Cash and cash equivalents 9,06312,61516,66415,47425,522
Short-term investments 1,273 31  
Restricted cash and investments   3,321  
Receivables 25,34622,54215,65916,55317,324
Prepaid expense   3278865
Other current assets 1,4912,1011,1562,1931,891
Other undisclosed current assets 53,34038,73225,05619,412812
Total current assets: 90,51375,98962,21353,72045,613
Noncurrent Assets
Operating lease, right-of-use asset 6,5255,523
Property, plant and equipment 2,3731,4031,196946927
Long-term investments and receivables 2,8352,6932,4781,4001,285
Long-term investments 2,8352,6932,4781,4001,285
Intangible assets, net (including goodwill) 3825185769482,861
Goodwill    322,071
Intangible assets, net (excluding goodwill) 382518576916790
Deposits noncurrent assets    1,076 
Restricted cash and investments 6643655  
Deferred income tax assets 1,022 
Other noncurrent assets 4,0123,0731,7652,400726
Other undisclosed noncurrent assets    (5,048)(6)
Total noncurrent assets: 17,21513,2536,6691,7225,794
Other undisclosed assets    3,831 
TOTAL ASSETS: 107,72889,24268,88259,27351,408
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 12,08812,5468,0143,5092,250
Accrued liabilities 12,08812,5468,014  
Taxes payable    3,5092,250
Deferred revenue 1,119 
Debt 14,15910,3428,4362,550 
Due to related parties 94463997590400
Other liabilities 13,59111,6577,34912,79018,640
Other undisclosed current liabilities 6,1892,3891,599  
Total current liabilities: 47,24137,39726,39519,43921,290
Noncurrent Liabilities
Long-term debt and lease obligation 3,4403,049 249455
Long-term debt, excluding current maturities    249455
Operating lease, liability 3,4403,049
Liabilities, other than long-term debt 1,5722,5741,488481 
Accounts payable and accrued liabilities 7208151,007  
Deferred revenue  1,049
Liability, pension and other postretirement and postemployment benefits 319208   
Due to related parties 534501481481 
Other undisclosed noncurrent liabilities 2374712,0574,3625,315
Total noncurrent liabilities: 5,2506,0943,5445,0915,770
Total liabilities: 52,49143,49129,93924,53027,060
Stockholders' equity
Stockholders' equity attributable to parent, including: 30,64126,23922,59221,00814,576
Preferred stock 00000
Common stock 00000
Additional paid in capital 8,1908,1908,1908,1908,158
Accumulated other comprehensive income (loss) 3,889417(171)616(668)
Retained earnings 9,0979,4027,2736,4203,287
Other undisclosed stockholders' equity attributable to parent 9,4648,2297,2995,7813,800
Stockholders' equity attributable to noncontrolling interest 24,59619,51316,35113,7369,772
Total stockholders' equity: 55,23745,75138,94334,74324,348
TOTAL LIABILITIES AND EQUITY: 107,72889,24268,88259,27351,408

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues 124,26795,91978,66872,84869,934
Revenue, net72,84869,934
Cost of revenue (87,695)(65,343)(49,315)(42,801)(46,554)
Cost of goods and services sold (87,695)(65,343)   
Gross profit: 36,57230,57629,35330,04723,380
Operating expenses (30,181)(22,922)(21,416)(17,304)(16,695)
Operating income: 6,3917,6557,93712,7436,684
Nonoperating income 519471,090948455
Investment income, nonoperating 454453801671483
Other nonoperating income (expense) (590)334419312(8)
Interest and debt expense (202)(208)(131)(35)83
Income from continuing operations before equity method investments, income taxes: 6,2398,3938,89613,6567,223
Other undisclosed income (loss) from continuing operations before income taxes 20220813135(83)
Income from continuing operations before income taxes: 6,4428,6019,02713,6927,139
Income tax expense (3,408)(2,704)(3,610)(3,514)(2,120)
Net income: 3,0345,8975,41710,1785,020
Net loss attributable to noncontrolling interest (2,104)(2,838)(3,045)(3,023)(2,127)
Net income available to common stockholders, diluted: 9303,0592,3717,1552,892

Comprehensive Income ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income: 3,0345,8975,41710,1785,020
Other undisclosed comprehensive income 5,0231,006   
Comprehensive income: 8,0576,9025,41710,1785,020
Comprehensive loss, net of tax, attributable to noncontrolling interest (3,655)(3,255)(3,045)(3,964)(2,275)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   (787)2,225160
Comprehensive income, net of tax, attributable to parent: 4,4033,6471,5848,4392,904

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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