China XD Plastics Company Limited (CXDC) financial statements (2021 and earlier)

Company profile

Business Address 500 5TH AVENUE, STE 960
NEW YORK, NY 10110
State of Incorp. NV
Fiscal Year End December 31
SIC 3086 - Plastics Foam Products (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 1741478353358284
Cash and cash equivalents 174119016812045
Short-term investments   288185238239
Restricted cash and investments 211326    
Receivables 229308308418239214
Inventory, net of allowances, customer advances and progress billings 643620422281295250
Inventory 643620422281295250
Prepaid expense 11810462300
Other current assets 4154521
Other undisclosed current assets 43 1982126013
Total current assets: 1,2651,4141,4731,273954762
Noncurrent Assets
Operating lease, right-of-use asset 44
Property, plant and equipment 830776836806572318
Long-term investments and receivables  01021
Accounts and financing receivable, after allowance for credit loss  01021
Prepaid expense 49653119114183182
Restricted cash and investments   101017 
Other noncurrent assets 1313111925
Other undisclosed noncurrent assets  302112611
Total noncurrent assets: 1,3711,3401,071854798538
TOTAL ASSETS: 2,6362,7542,5442,1271,7521,300
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 170228384440405189
Accounts payable 5785228320257152
Accrued liabilities 8712713911914124
Taxes payable 261618173
Interest and dividends payable      9
Debt 682730775445284112
Due to related parties 2618 00 
Other undisclosed current liabilities 4016182531483422
Total current liabilities: 1,2791,5941,4121,033723323
Noncurrent Liabilities
Long-term debt and lease obligation 337112114250253174
Long-term debt, excluding current maturities 322112114250253174
Operating lease, liability 14
Liabilities, other than long-term debt 9113520711210031
Deferred revenue and credits996962 
Accounts payable and accrued liabilities  33   14
Deferred tax liabilities, net    17
Other liabilities 911021084238 
Other undisclosed noncurrent liabilities 9367   149
Total noncurrent liabilities: 521313321361353354
Total liabilities: 1,8001,9071,7341,3951,076677
Temporary equity, carrying amount  9898989898
Stockholders' equity
Stockholders' equity attributable to parent 836749713634578525
Preferred stock 000000
Common stock 000000
Treasury stock, value (0)(0)(0)(0)(0)(0)
Additional paid in capital 1848783838281
Accumulated other comprehensive income (loss) (68)(55)(19)(65)(19)13
Retained earnings 720717649617516432
Total stockholders' equity: 836749713634578525
TOTAL LIABILITIES AND EQUITY: 2,6362,7542,5442,1271,7521,300

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 1,4481,2751,2901,2029991,122
Revenue, net1,2901,2029991,111
Cost of revenue
(Cost of Goods and Services Sold)
 (1,229)(1,055)(1,054)(955)(818)(888)
Other undisclosed gross profit      (11)
Gross profit: 219220237247181222
Operating expenses (150)(108)(79)(79)(46)(51)
Operating income: 69112158168135172
Nonoperating expense (52)(36)(36)(49)(33)(33)
Foreign currency transaction gain (loss), before tax 36(6)2(2)(2)
Interest and debt expense (67)(51)(45)(19)(43)(42)
Income (loss) from continuing operations before equity method investments, income taxes: (50)25771005998
Other undisclosed income from continuing operations before income taxes 675145194342
Income from continuing operations before income taxes: 1776122119102139
Income tax expense (14)(8)(91)(17)(18)(18)
Net income attributable to parent: 3683210284121
Undistributed earnings (loss) allocated to participating securities, basic  (0)(0)
Net income available to common stockholders, basic: 3683110284121
Other undisclosed net income (loss) available to common stockholders, diluted (1)(16)(8)76,041(21)(31)
Net income available to common stockholders, diluted: 3522476,1436390

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: 3683210284121
Comprehensive income: 3683210284121
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (13)(36)46(46)(32)(12)
Comprehensive income (loss), net of tax, attributable to parent: (10)33785652109

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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