China XD Plastics Company Limited (CXDC) financial statements (2020 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)

9/30/2019
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 41478353358284377
Cash and cash equivalents 411901681204596
Short-term investments  288185238239281
Restricted cash and investments 326     
Receivables 308308418239214283
Inventory, net of allowances, customer advances and progress billings 620422281295250145
Inventory 620422281295250145
Prepaid expense 104623001
Income taxes receivable4
Other current assets 1545211
Other undisclosed current assets  198212601316
Total current assets: 1,4141,4731,273954762826
Noncurrent Assets
Property, plant and equipment 776836806572318234
Long-term investments and receivables 010217
Accounts and financing receivable, after allowance for credit loss 010217
Prepaid expense 53119114183182 
Restricted cash and investments  101017  
Other noncurrent assets 3131119253
Other undisclosed noncurrent assets 3021126115
Total noncurrent assets: 1,3401,071854798538249
TOTAL ASSETS: 2,7542,5442,1271,7521,3001,076
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 228384440405189197
Accounts payable 85228320257152122
Accrued liabilities 1271391191412456
Taxes payable 161817319
Interest and dividends payable     9 
Debt 730775445284112315
Due to related parties 18 00  
Other undisclosed current liabilities 618253148342226
Total current liabilities: 1,5941,4121,033723323537
Noncurrent Liabilities
Long-term debt and lease obligation 112114250253174 
Long-term debt, excluding current maturities 112114250253174 
Liabilities, other than long-term debt 1352071121003128
Deferred revenue and credits996962  
Accounts payable and accrued liabilities 33   14 
Accrued income taxes8
Deferred tax liabilities, net    1719
Other liabilities 1021084238  
Other undisclosed noncurrent liabilities 67   1491
Total noncurrent liabilities: 31332136135335429
Total liabilities: 1,9071,7341,3951,076677566
Temporary equity, carrying amount 989898989898
Stockholders' equity
Stockholders' equity attributable to parent 749713634578525412
Preferred stock 000000
Common stock 000000
Treasury stock, value (0)(0)(0)(0)(0)(0)
Additional paid in capital 878383828176
Accumulated other comprehensive income (loss) (55)(19)(65)(19)1325
Retained earnings 717649617516432311
Total stockholders' equity: 749713634578525412
TOTAL LIABILITIES AND EQUITY: 2,7542,5442,1271,7521,3001,076

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 1,2751,2901,2029991,1221,051
Revenue, net1,2901,2029991,1111,051
Cost of revenue
(Cost of Goods and Services Sold)
 (1,055)(1,054)(955)(818)(888)(827)
Other undisclosed gross profit     (11) 
Gross profit: 220237247181222223
Operating expenses (108)(79)(79)(46)(51)(38)
Operating income: 112158168135172186
Nonoperating expense (36)(36)(49)(33)(33)(5)
Foreign currency transaction gain (loss), before tax 6(6)2(2)(2)3
Interest and debt expense (51)(45)(19)(43)(42)(15)
Income from continuing operations before equity method investments, income taxes: 25771005998165
Other undisclosed income from continuing operations before income taxes 514519434215
Income from continuing operations before income taxes: 76122119102139181
Income tax expense (8)(91)(17)(18)(18)(47)
Net income attributable to parent: 683210284121134
Undistributed earnings (loss) allocated to participating securities, basic (0)(0)
Net income available to common stockholders, basic: 683110284121134
Other undisclosed net income (loss) available to common stockholders, diluted (16)(8)76,041(21)(31)(34)
Net income available to common stockholders, diluted: 522476,1436390100

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: 683210284121134
Comprehensive income: 683210284121134
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (36)46(46)(32)(12)10
Comprehensive income, net of tax, attributable to parent: 33785652109144

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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