CPI Aerostructures, Inc. (CVU) financial statements (2020 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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 411122
Cash and cash equivalents 411122
Receivables 9598154
Inventory, net of allowances, customer advances and progress billings 10    
Inventory 10     
Contract with customer, asset 113
Prepaid expense and other current assets1
Costs in excess of billings11110010379113
Other undisclosed current assets 422130
Total current assets: 14012011111298120
Noncurrent Assets
Nontrade receivables 0    
Property, plant and equipment 322233
Other noncurrent assets 00000 
Prepaid expense and other noncurrent assets0
Costs in excess of billings   330
Other undisclosed noncurrent assets 02421(29)
Total noncurrent assets: 447464
TOTAL ASSETS: 144124118117104124
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 12171520109
Accounts payable 1015141898
Accrued liabilities 221111
Taxes payable 000001
Debt 000000
Provision for loss on contracts  0110 
Billings in excess of cost0000 
Deferred tax liabilities    00
Contract with customer, liability4
Other undisclosed current liabilities 262524252623
Total current liabilities: 424241453732
Noncurrent Liabilities
Long-term debt and lease obligation, including: 111000
Long-term debt, excluding current maturities 479012
Other undisclosed long-term debt and lease obligation (3)(6)(8)(0)(1)(2)
Liabilities, other than long-term debt 511111
Billings in excess of cost    0
Deferred tax liabilities, net4   11
Other liabilities 111111
Other undisclosed noncurrent liabilities 368012
Total noncurrent liabilities: 889134
Total liabilities: 505050463935
Stockholders' equity
Stockholders' equity attributable to parent, including: 937468716589
Common stock 000   
Additional paid in capital 715453525150
Accumulated other comprehensive loss  (0)(0)(0)(0)(0)
Retained earnings 232115181339
Other undisclosed stockholders' equity attributable to parent    000
Total stockholders' equity: 937468716589
TOTAL LIABILITIES AND EQUITY: 144124118117104124

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues 8481811004083
Revenue, net81811004083
Cost of revenue (66)(63)(77)(84)(69)(65)
Cost of goods and services sold  (63)(77)(84)(69)(65)
Gross profit: 1819417(30)18
Operating expenses (10)(8)(9)(8)(7)(7)
Other undisclosed operating income     0 
Operating income (loss): 910(4)9(37)12
Nonoperating expense (2)(2)(1)(1)  
Interest and debt expense (2)(2)(1)(1)(1)(1)
Income (loss) from continuing operations before equity method investments, income taxes: 57(7)7(38)11
Other undisclosed income from continuing operations before income taxes 221100
Income (loss) from continuing operations before income taxes: 78(6)8(38)11
Income tax expense (benefit) (4)(3)2(3)12(3)
Net income (loss) available to common stockholders, diluted: 26(4)5(25)8

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss): 26(4)5(25)8
Other comprehensive income 0     
Comprehensive income (loss): 26(4)5(25)8
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  (0)(0)000
Comprehensive income (loss), net of tax, attributable to parent: 26(4)5(25)8

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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