Future FinTech Group Inc. (FTFT) financial statements (2020 and earlier)

Company profile

Business Address 16F, CHINA DEVELOPMENT BANK TOWER, NO. 2
XI'AN, 710075
State of Incorp. FL
Fiscal Year End December 31
SIC 203 - Canned, Frozen, And Preserved Fruits, Vegetables, and Food Specialties (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 investments0051502567
Cash and cash equivalents0051502567
Receivables20245436506734
Inventory, net of allowances, customer advances and progress billings0023344
Inventory0023344
Other current assets0 158401
Other undisclosed current assets (0) 4588
Total current assets:202462102113105115
Noncurrent Assets
Inventory, Noncurrent  2 000
Property, plant and equipment122882839662
Long-term investments and receivables1515 3330
Long-term investments1515 3330
Intangible assets, net (including goodwill)2821    
Intangible assets, net (excluding goodwill)2821     
Deposits noncurrent assets   1014569 
Other noncurrent assets      50
Other undisclosed noncurrent assets 099(183)(128)(165)6
Total noncurrent assets:4439129333118
Other undisclosed assets   157154172 
TOTAL ASSETS:6563191262270279233
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1011101114837309
Accounts payable1211111718184
Accrued liabilities89991002717104
Taxes payable   4112
Debt76629343911
Due to related parties1110   
Other liabilities    000
Other undisclosed current liabilities 0    23
Total current liabilities:10911711877717043
Noncurrent Liabilities
Long-term debt and lease obligation31324014173216
Long-term debt, excluding current maturities313222  1616
Capital lease obligations 18141716 
Other undisclosed noncurrent liabilities     (8)(8)
Total noncurrent liabilities:3132401417248
Other undisclosed liabilities    0  
Total liabilities:14015015891879351
Temporary equity, carrying amount   35558
Stockholders' equity
Stockholders' equity attributable to parent, including:(79)(91)13135178181174
Common stock0000000
Additional paid in capital115106109105595959
Accumulated other comprehensive income (loss)(2)(9)(94)(71)131919
Retained earnings (accumulated deficit)(193)(188)(2)10010610395
Other undisclosed stockholders' equity attributable to parent(0)(0)   (0) 
Stockholders' equity attributable to noncontrolling interest4520    
Other undisclosed stockholders' equity 0 35558
Total stockholders' equity:(76)(87)33170183186182
Other undisclosed liabilities and equity   (35)(5)(5)(8)
TOTAL LIABILITIES AND EQUITY:6563191262270279233

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
Revenues011034869979
Cost of revenue
(Cost of Goods and Services Sold)
0(1)(9)(25)(60)(72)(53)
Other undisclosed gross profit(0)    22
Gross profit:0(0)29262928
Operating expenses(172)(190)(101)(7)(16)(12)(9)
Other undisclosed operating loss(0)(0)     
Operating income (loss):(171)(191)(99)2101718
Nonoperating income (expense)21(3)(1)(2)(4)(0)
Investment income, nonoperating(1)(2)(3)0010
Foreign currency transaction gain (loss), before tax     (0)5
Other nonoperating income (expense)22(0)0   
Interest and debt expense   (2)(4)(5)(2)
Other undisclosed income from continuing operations before equity method investments, income taxes   2 52
Income (loss) from continuing operations before equity method investments, income taxes:(170)(190)(102)141318
Other undisclosed income (loss) from continuing operations before income taxes(0)  (2)4  
Income (loss) from continuing operations before income taxes:(170)(190)(102)(1)81318
Income tax expense (0)(0) (4)(4)(5)
Other undisclosed income (loss) from continuing operations(0)  (0) (1)4
Income (loss) from continuing operations:(170)(190)(102)(1)4817
Loss from discontinued operations  (15)(5)   
Income (loss) before gain (loss) on sale of properties:(170)(190)(117)(6)4817
Other undisclosed net income (loss)2020140 0(5)
Net income (loss):(150)(170)(103)(5)4812
Net income (loss) attributable to noncontrolling interest   (0)(1)1(1)
Other undisclosed net income (loss) attributable to parent(0)     2
Net income (loss) attributable to parent:(150)(170)(103)(6)3913
Other undisclosed net income (loss) available to common stockholders, basic17417488  (1)(1)
Net income (loss) available to common stockholders, diluted:244(15)(6)3812

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 (loss):(150)(170)(103)(5)4812
Other comprehensive loss    (4)  
Other undisclosed comprehensive income (loss)6969(28)(5)   
Comprehensive income (loss):(81)(101)(130)(10)(1)812
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1) 10(20)(0)(1)0
Other undisclosed comprehensive income, net of tax, attributable to parent0      
Comprehensive income (loss), net of tax, attributable to parent:(81)(101)(121)(30)(1)713

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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