Electronic Cigarettes International Group, LTD (ECIGQ) financial statements (2020 and earlier)

Company profile

Business Address 14200 IRONWOOD DRIVE
GRAND RAPIDS, MI 49534
State of Incorp. NV
Fiscal Year End December 31
SIC 2111 - Cigarettes (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1220
Cash and cash equivalents1220
Receivables340 
Inventory, net of allowances, customer advances and progress billings570
Inventory570 
Prepaid expense2  
Other undisclosed current assets 60 
Total current assets:111930
Noncurrent Assets
Property, plant and equipment220 
Intangible assets, net (including goodwill)8257
Goodwill4857  
Intangible assets, net (excluding goodwill)34   
Other undisclosed noncurrent assets055  
Total noncurrent assets:841130 
TOTAL ASSETS:9513230
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:122200
Accounts payable411 0
Accrued liabilities   0
Other undisclosed accounts payable and accrued liabilities7120 
Debt23(58)1 
Due to related parties0 00
Other undisclosed current liabilities592001 
Total current liabilities:9416530
Noncurrent Liabilities
Long-term debt and lease obligation6858  
Long-term debt, excluding current maturities6858  
Liabilities, other than long-term debt446  
Deferred tax liabilities, net45  
Derivative instruments and hedges, liabilities 40  
Other undisclosed noncurrent liabilities (16)17 
Total noncurrent liabilities:728717 
Total liabilities:166252190
Stockholders' equity
Stockholders' equity attributable to parent, including:(71)(120)(17)(0)
Common stock0000
Additional paid in capital38828450
Accumulated other comprehensive loss(4)(1)  
Accumulated deficit(454)   
Other undisclosed stockholders' equity attributable to parent (403)(21)(0)
Total stockholders' equity:(71)(120)(17)(0)
TOTAL LIABILITIES AND EQUITY:9513230

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

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues54433 
Revenue, net 22  
Cost of revenue
(Cost of Goods and Services Sold)
(24)(31)(1) 
Gross profit:30122 
Operating expenses(75)(227)(21)(0)
Operating loss:(45)(215)(19)(0)
Nonoperating income0   
Interest and debt expense(56)(50)(2) 
Loss from continuing operations before equity method investments, income taxes:(100)(265)(21)(0)
Other undisclosed income (loss) from continuing operations before income taxes56(138)  
Loss from continuing operations before income taxes:(44)(403)(21)(0)
Income tax benefit022  
Net loss available to common stockholders, diluted:(44)(382)(21)(0)

Comprehensive Income ($ in millions)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net loss:(44)(382)(21)(0)
Other comprehensive loss(47)(1)  
Comprehensive loss, net of tax, attributable to parent:(92)(383)(21)(0)

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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