China XD Plastics Co Ltd (CXDC) Financial Statements (2024 and earlier)

Company Profile

Business Address 500 5TH AVENUE, STE 960
NEW YORK, NY 10110
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 3086 - Plastics Foam Products (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

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 investments17,20241,302478,415352,893357,555283,989
Cash and cash equivalents17,20241,302190,392168,086119,92845,457
Short-term investments   288,023184,806237,627238,533
Restricted cash and investments 211,231325,690    
Receivables228,927307,501307,946418,326238,793213,978
Inventory, net of allowances, customer advances and progress billings642,510620,033421,737280,939294,665249,797
Inventory642,510620,033421,737280,939294,665249,797
Prepaid expense118,167104,46962,3773,36668169
Other current assets4,25914,9374,4434,9822,1311,326
Other undisclosed current assets42,567 198,130212,40560,32412,546
Total current assets:1,264,8631,413,9321,473,0461,272,910953,536761,805
Noncurrent Assets
Operating lease, right-of-use asset44,150
Property, plant and equipment830,320775,941835,562806,364571,747318,325
Long-term investments and receivables 271,1813742,048922
Accounts and financing receivable, after allowance for credit loss 271,1813742,048922
Prepaid expense495,570530,636190,62814,168183,226182,260
Restricted cash and investments   9,9189,91816,907 
Deferred income tax assets 
Other noncurrent assets9793,21312,92410,52218,96725,500
Other undisclosed noncurrent assets 29,76920,84512,2445,55110,975
Total noncurrent assets:1,371,0201,339,5871,071,057853,590798,446537,980
TOTAL ASSETS:2,635,8822,753,5192,544,1042,126,5001,751,9821,299,785
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities170,468227,861384,309440,250405,288188,858
Interest and dividends payable      9,032
Taxes payable 26,45915,97517,7108986,8823,269
Accounts payable57,45984,958227,993320,013257,417152,073
Accrued liabilities86,550126,927138,606119,339140,98924,485
Debt681,563729,667775,397444,757284,339111,955
Due to related parties26,25218,366 128 
Other undisclosed current liabilities400,671618,166252,769148,39333,52222,138
Total current liabilities:1,278,9541,594,0601,412,4741,033,412723,157322,952
Noncurrent Liabilities
Long-term debt and lease obligation336,886111,808114,208249,521253,117174,274
Long-term debt, excluding current maturities322,456111,808114,208249,521253,117174,274
Liabilities, other than long-term debt91,028134,555207,067111,732100,08630,977
Deferred revenue and credits99,16869,31162,039 
Accounts payable and accrued liabilities  32,981   14,026
Deferred revenue 
Deferred tax liabilities, net    16,952
Other liabilities91,028101,574107,89842,42138,047 
Operating lease, liability14,429
Other undisclosed noncurrent liabilities 92,64066,602   148,617
Total noncurrent liabilities:520,554312,965321,275361,252353,203353,869
Total liabilities:1,799,5081,907,0251,733,7491,394,6641,076,360676,821
Temporary equity, carrying amount  97,57697,57697,57697,57697,576
Equity
Equity, attributable to parent836,374748,917712,778634,260578,046525,388
Preferred stock000000
Common stock755555
Treasury stock, value(93)(93)(93)(93)(93)(93)
Additional paid in capital184,20886,63483,16082,60681,92080,876
Accumulated other comprehensive income (loss)(67,908)(54,733)(19,085)(65,428)(19,343)12,776
Retained earnings720,159717,104648,790617,169515,556431,824
Equity, attributable to noncontrolling interest      
Total equity:836,374748,917712,778634,260578,046525,388
TOTAL LIABILITIES AND EQUITY:2,635,8822,753,5192,544,1042,126,5001,751,9821,299,785

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1,448,2051,274,8331,290,4481,201,679999,1931,121,671
Revenue, net1,290,4481,201,679999,1931,110,686
Cost of revenue
(Cost of Goods and Services Sold)
(1,228,809)(1,055,220)(1,053,782)(954,724)(817,811)(888,228)
Other undisclosed gross profit      (10,985)
Gross profit:219,396219,613236,666246,955181,381222,458
Operating expenses(149,977)(107,631)(78,511)(79,299)(46,336)(50,728)
Other undisclosed operating loss      
Operating income (loss):69,419111,982158,155167,656135,045171,730
Nonoperating expense(52,326)(35,955)(36,009)(48,621)(33,075)(32,687)
Gain (loss), foreign currency transaction, before tax2,8875,711(6,499)1,952(2,238)(1,939)
Interest and debt expense(67,243)(51,032)(45,371)(18,964)(42,704)(41,519)
Income (loss) from continuing operations before equity method investments, income taxes:(50,150)24,99576,775100,07259,26697,524
Other undisclosed income from continuing operations before income taxes67,24351,03245,37118,96442,70441,519
Income (loss) from continuing operations before income taxes:17,09276,027122,146119,036101,970139,043
Income tax expense(14,037)(7,713)(90,524)(17,423)(18,238)(18,266)
Other undisclosed loss from continuing operations      
Income (loss) from continuing operations:3,05568,31331,622101,61383,732120,776
Income (loss) before gain (loss) on sale of properties:3,05568,31331,622101,61383,732120,776
Net income (loss):3,05568,31331,622101,61383,732120,776
Other undisclosed net income attributable to parent      
Net income (loss) attributable to parent:3,05568,31331,622101,61383,732120,776
Undistributed earnings (loss) allocated to participating securities, basic  (120)(139)
Net income (loss) available to common stockholders, basic:3,05568,19431,482101,61383,732120,776
Other undisclosed net income (loss) available to common stockholders, diluted (536)(16,459)(7,679)76,041,423(21,121)(30,579)
Net income (loss) available to common stockholders, diluted:2,51951,73423,80476,143,03662,61190,197

Comprehensive Income ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):3,05568,31331,622101,61383,732120,776
Comprehensive income (loss):3,05568,31331,622101,61383,732120,776
Comprehensive income, net of tax, attributable to noncontrolling interest      
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(13,175)(35,648)46,343(46,085)(32,118)(12,268)
Comprehensive income (loss), net of tax, attributable to parent:(10,120)32,66677,96555,52851,614108,508

Statements Sources

The financial statements are based on the Company's filings with 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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