CPI Aerostructures, Inc. (CVU) financial statements (2021 and earlier)

Company profile

Business Address 200A EXECUTIVE DR
EDGEWOOD, NY 11717
State of Incorp. NY
Fiscal Year End December 31
SIC 3728 - Aircraft Parts and Auxiliary Equipment, Not Elsewhere Classified (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 441112
Cash and cash equivalents 441112
Receivables 8959815
Inventory, net of allowances, customer advances and progress billings 610    
Inventory 610    
Contract with customer, asset 15113
Costs in excess of billings11110010379
Other undisclosed current assets 242213
Total current assets: 3514012011111298
Noncurrent Assets
Operating lease, right-of-use asset 4
Nontrade receivables  0    
Property, plant and equipment 332223
Intangible assets, net (including goodwill) 2     
Goodwill 2     
Intangible assets, net (excluding goodwill) 0     
Other noncurrent assets 000000
Costs in excess of billings   3
Other undisclosed noncurrent assets  02421
Total noncurrent assets: 1044746
TOTAL ASSETS: 44144124118117104
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 111217152010
Accounts payable 8101514189
Accrued liabilities 222111
Taxes payable 000000
Deferred revenue 4
Debt 000000
Provision for loss on contracts   0110
Billings in excess of cost0000
Deferred tax liabilities    0
Contract with customer, liability4
Other undisclosed current liabilities 62625242526
Total current liabilities: 214242414537
Noncurrent Liabilities
Long-term debt and lease obligation, including: 111100
Long-term debt, excluding current maturities 247901
Operating lease, liability 3
Other undisclosed long-term debt and lease obligation (4)(3)(6)(8)(0)(1)
Liabilities, other than long-term debt  51111
Deferred tax liabilities, net4   1
Other liabilities  11111
Other undisclosed noncurrent liabilities 3136801
Total noncurrent liabilities: 3188913
Total liabilities: 525050504639
Stockholders' equity
Stockholders' equity attributable to parent, including: (8)9374687165
Common stock 0000  
Additional paid in capital 717154535251
Accumulated other comprehensive loss   (0)(0)(0)(0)
Retained earnings (accumulated deficit) (79)2321151813
Other undisclosed stockholders' equity attributable to parent     00
Total stockholders' equity: (8)9374687165
TOTAL LIABILITIES AND EQUITY: 44144124118117104

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 8884818110040
Revenue, net818110040
Cost of revenue (78)(66)(63)(77)(84)(69)
Cost of goods and services sold   (63)(77)(84)(69)
Gross profit: 91819417(30)
Operating expenses (12)(10)(8)(9)(8)(7)
Other undisclosed operating income      0
Operating income (loss): (2)910(4)9(37)
Nonoperating expense (2)(2)(2)(1)(1) 
Interest and debt expense (2)(2)(2)(1)(1)(1)
Income (loss) from continuing operations before equity method investments, income taxes: (7)57(7)7(38)
Other undisclosed income from continuing operations before income taxes 222110
Income (loss) from continuing operations before income taxes: (4)78(6)8(38)
Income tax expense (benefit) (0)(4)(3)2(3)12
Net income (loss) available to common stockholders, diluted: (4)26(4)5(25)

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): (4)26(4)5(25)
Other comprehensive income  0    
Comprehensive income (loss): (4)26(4)5(25)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent   (0)(0)00
Comprehensive income (loss), net of tax, attributable to parent: (4)26(4)5(25)

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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