Flexible Solutions International Inc. (FSI) financial statements (2020 and earlier)

Company profile

Business Address 2614 QUEENSWOOD DR
VICTORIA B C, BC V8N 1X5
State of Incorp. NV
Fiscal Year End December 31
SIC 289 - Miscellaneous Chemical Products (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6,0017,8586,9122,4702,499748
Cash and cash equivalents6,0017,8586,9122,4702,499748
Receivables4,6204,4232,1053,0081,9552,322
Inventory, net of allowances, customer advances and progress billings8,5508,7284,6873,7863,2753,467
Inventory8,5508,7284,6873,7863,2753,467
Prepaid expense357200255229243124
Total current assets:19,52821,20913,9609,4937,9726,661
Noncurrent Assets
Operating lease, right-of-use asset871
Property, plant and equipment3,6562,5631,9393,3943,7914,765
Long-term investments and receivables1,94077613122  
Long-term investments1,94077613122  
Intangible assets, net (including goodwill)5,5305,6627996101137
Goodwill2,5342,534    
Intangible assets, net (excluding goodwill)2,9963,1287996101137
Deposits noncurrent assets31311926104
Restricted cash and investments1,000     
Other undisclosed noncurrent assets9579551,7642,0272,2682,667
Total noncurrent assets:13,9859,9873,8145,6656,1707,574
TOTAL ASSETS:33,51331,19617,77315,15814,14314,235
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:3,8891,051939902826815
Accounts payable971     
Accrued liabilities831     
Taxes payable2,0871,3571,102894293141
Other undisclosed accounts payable and accrued liabilities (307)(162)8533674
Deferred revenue113
Debt404 201553 1,113
Deferred revenue and credits209954045
Other undisclosed current liabilities2,4635,0541,352792694136
Total current liabilities:6,8686,1052,7012,3421,5612,109
Noncurrent Liabilities
Long-term debt and lease obligation4,3813,580151352553 
Long-term debt, excluding current maturities3,9143,580151352553 
Operating lease, liability466
Liabilities, other than long-term debt864     
Deferred income tax liabilities864
Other undisclosed noncurrent liabilities5001,990   754
Total noncurrent liabilities:5,7445,570151352553754
Total liabilities:12,61311,6752,8512,6942,1142,863
Stockholders' equity
Stockholders' equity attributable to parent18,04417,05914,92212,46412,02811,372
Common stock121212111313
Additional paid in capital16,29215,32815,11514,84316,31716,227
Accumulated other comprehensive loss(1,121)(1,223)(656)(1,087)(1,206)(268)
Retained earnings (accumulated deficit)2,8612,942452(1,303)(3,096)(4,601)
Stockholders' equity attributable to noncontrolling interest2,8562,462    
Total stockholders' equity:20,90019,52214,92212,46412,02811,372
TOTAL LIABILITIES AND EQUITY:33,51331,19617,77315,15814,14314,235

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues28,32017,83015,49416,24615,89915,908
Revenue, net15,49416,24615,89915,908
Cost of revenue
(Cost of Goods and Services Sold)
(19,837)(12,193)(9,509)(9,257)(9,697)(10,768)
Gross profit:8,4825,6375,9856,9896,2025,140
Operating expenses(6,425)(4,330)(4,474)(3,904)(3,852)(4,479)
Operating income:2,0571,3071,5113,0852,350661
Nonoperating income (expense)42234(83)(2)375
Investment income, nonoperating42234(83)(13)3 
Foreign currency transaction gain, before tax   11 75
Interest and debt expense(413)(94)(1)(42)(56)(95)
Other undisclosed income from continuing operations before equity method investments, income taxes  1,380381119
Income from continuing operations before equity method investments, income taxes:2,0661,2472,8073,0792,308661
Other undisclosed income (loss) from continuing operations before income taxes2,1501,808   (0)
Income from continuing operations before income taxes:4,2163,0552,8073,0792,308661
Income tax expense(855)(533)(680)(982)(765)(422)
Income before gain (loss) on sale of properties:3,3612,5222,1272,0971,543239
Other undisclosed net income (loss)(1,710)(100)(372)(304)(38)165
Net income:1,6512,4221,7551,7931,505403
Net income (loss) attributable to noncontrolling interest(469)69    
Other undisclosed net income attributable to parent10     
Net income available to common stockholders, diluted:1,1922,4901,7551,7931,505403

Comprehensive Income ($ in thousands)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:1,6512,4221,7551,7931,505403
Other comprehensive income (loss)(378)(1,855)431119(938)(596)
Other undisclosed comprehensive income101     
Comprehensive income (loss):1,3745662,1861,912566(193)
Comprehensive loss, net of tax, attributable to noncontrolling interest(469)(1,924)    
Other undisclosed comprehensive income, net of tax, attributable to parent110     
Comprehensive income (loss), net of tax, attributable to parent:1,015(1,357)2,1861,912566(193)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: