Electronic Cigarettes International Group, LTD (ECIGQ) financial statements (2022 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 thousands)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6902,0992,0820
Cash and cash equivalents6902,0992,0820
Receivables2,9574,091113 
Inventory, net of allowances, customer advances and progress billings5,1186,651341
Inventory5,1186,651341 
Prepaid expense2,271  
Other undisclosed current assets 5,78949 
Total current assets:11,03618,6312,5850
Noncurrent Assets
Property, plant and equipment2,0991,84927 
Intangible assets, net (including goodwill)81,89656,658
Goodwill47,72356,658  
Intangible assets, net (excluding goodwill)34,173   
Other undisclosed noncurrent assets28354,693  
Total noncurrent assets:84,278113,20027 
TOTAL ASSETS:95,314131,8312,6120
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:11,67422,41130615
Accounts payable4,46310,599 14
Accrued liabilities   1
Other undisclosed accounts payable and accrued liabilities7,21111,812306 
Debt22,942(57,918)650 
Due to related parties15 448230
Other undisclosed current liabilities59,356200,2441,120 
Total current liabilities:93,987164,7382,524245
Noncurrent Liabilities
Long-term debt and lease obligation67,97157,918  
Long-term debt, excluding current maturities67,97157,918  
Liabilities, other than long-term debt4,31845,504  
Deferred tax liabilities, net4,3185,413  
Derivative instruments and hedges, liabilities 40,091  
Other undisclosed noncurrent liabilities (16,446)16,601 
Total noncurrent liabilities:72,28986,97516,601 
Total liabilities:166,276251,71319,125245
Stockholders' equity
Stockholders' equity attributable to parent, including:(70,962)(119,882)(16,513)(245)
Common stock75125320
Additional paid in capital387,793284,3284,72753
Accumulated other comprehensive loss(4,478)(1,354)  
Accumulated deficit(454,352)   
Other undisclosed stockholders' equity attributable to parent (402,868)(21,293)(317)
Total stockholders' equity:(70,962)(119,882)(16,513)(245)
TOTAL LIABILITIES AND EQUITY:95,314131,8312,6120

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

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues54,22743,4763,103 
Revenue, net 21,600  
Cost of revenue
(Cost of Goods and Services Sold)
(23,757)(31,464)(1,289) 
Gross profit:30,47012,0121,814 
Operating expenses(75,110)(227,179)(20,716)(49)
Operating loss:(44,640)(215,167)(18,902)(49)
Nonoperating income180   
Interest and debt expense(55,768)(49,780)(1,805) 
Loss from continuing operations before equity method investments, income taxes:(100,228)(264,947)(20,706)(49)
Other undisclosed income (loss) from continuing operations before income taxes55,768(138,167)  
Loss from continuing operations before income taxes:(44,460)(403,114)(20,706)(49)
Income tax benefit24521,539  
Net loss available to common stockholders, diluted:(44,215)(381,575)(20,706)(49)

Comprehensive Income ($ in thousands)

12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net loss:(44,215)(381,575)(20,706)(49)
Other comprehensive loss(47,339)(1,354)  
Comprehensive loss, net of tax, attributable to parent:(91,554)(382,929)(20,706)(49)

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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