CUI Global, Inc. (CUI) financial statements (2021 and earlier)

Company profile

Business Address 1924 ALDINE WESTERN
HOUSTON, TX 77038
State of Incorp. CO
Fiscal Year End December 31
SIC 5065 - Electronic Parts and Equipment, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2020
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 investments3234135723
Cash and cash equivalents3234135712
Short-term investments      11
Restricted cash and investments0      
Receivables85141191512
Inventory, net of allowances, customer advances and progress billings12131413127
Inventory12131413127
Contract with customer, asset822
Disposal group, including discontinued operation 7     
Costs in excess of billings232 
Other undisclosed current assets4222232
Total current assets:25423541323843
Noncurrent Assets
Operating lease, right-of-use asset76
Property, plant and equipment6461111128
Long-term investments and receivables58 0000
Long-term investments15   00
Accounts and financing receivable, after allowance for credit loss43 00  
Intangible assets, net (including goodwill)2142733364041
Goodwill7 1318202222
Intangible assets, net (excluding goodwill)1441416161919
Restricted cash and investments1 1    
Deferred tax assets, net  00 
Other undisclosed noncurrent assets101200(8)
Total noncurrent assets:41223547485342
Other undisclosed assets      8
TOTAL ASSETS:66647088809193
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities16811911117
Accounts payable10365664
Accrued liabilities6554553
Deferred revenue72
Debt13120000
Disposal group, including discontinued operation 5     
Customer refund liability  2    
Deferred revenue and credits8542
Billings in excess of cost2224
Contract with customer, liability2
Other undisclosed current liabilities2 0  0 
Total current liabilities:37161919181712
Noncurrent Liabilities
Long-term debt and lease obligation105 3334
Long-term debt, excluding current maturities5  3334
Capital lease obligations 0000
Operating lease, liability55
Liabilities, other than long-term debt2088101111
Contract with customer, liability0
Deferred tax liabilities, net22455
Due to related parties  55555
Other liabilities100000 
Business combination, contingent consideration, liability1      
Derivative instruments and hedges, liabilities   0011
Other undisclosed noncurrent liabilities  2 000
Total noncurrent liabilities:1251012131415
Total liabilities:49212930313127
Stockholders' equity
Stockholders' equity attributable to parent17434257496066
Common stock0000000
Treasury stock, value(0)(0)     
Additional paid in capital172170170170150150148
Accumulated other comprehensive income (loss)(4)(4)(4)(4)(6)(1)0
Accumulated deficit(150)(122)(124)(109)(96)(89)(83)
Total stockholders' equity:17434257496066
TOTAL LIABILITIES AND EQUITY:66647088809193

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues38239783868776
Revenue, net00076
Cost of revenue(31)(18)(68)(55)(54)(54)(47)
Gross profit:762928323229
Operating expenses(36)(22)(46)(42)(39)(38)(31)
Operating loss:(29)(16)(17)(14)(7)(6)(3)
Nonoperating income (expense)11(0)0(0)(0)(1)
Other nonoperating income (expense)11(0)0(0)(0)0
Interest and debt expense(1)(0)(1)(1)(0)(0)(1)
Loss from continuing operations before equity method investments, income taxes:(29)(16)(18)(14)(7)(6)(4)
Income (loss) from equity method investments(5)(1)    0
Other undisclosed income from continuing operations before income taxes      0
Loss from continuing operations before income taxes:(34)(17)(18)(14)(7)(6)(4)
Income tax expense (benefit)4302(0)01
Loss from continuing operations:(30)(14)(17)(13)(7)(6)(3)
Income from discontinued operations312     
Net loss available to common stockholders, diluted:(27)(1)(17)(13)(7)(6)(3)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss:(27)(1)(17)(13)(7)(6)(3)
Comprehensive loss:(27)(1)(17)(13)(7)(6)(3)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)0(1)2(4)(2)(2)
Comprehensive loss, net of tax, attributable to parent:(27)(1)(18)(11)(11)(8)(4)

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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