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 investments 051502567
Cash and cash equivalents 051502567
Receivables 245436506734
Inventory, net of allowances, customer advances and progress billings 023344
Inventory 023344
Other current assets  158401
Other undisclosed current assets (0) 4588
Total current assets: 2462102113105115
Noncurrent Assets
Inventory, Noncurrent  2 000
Property, plant and equipment 22882839662
Long-term investments and receivables 15 3330
Long-term investments 15 3330
Intangible assets, net (including goodwill) 21    
Intangible assets, net (excluding goodwill) 21     
Deposits noncurrent assets   1014569 
Other noncurrent assets      50
Other undisclosed noncurrent assets 099(183)(128)(165)6
Total noncurrent assets: 39129333118
Other undisclosed assets   157154172 
TOTAL ASSETS: 63191262270279233
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 1101114837309
Accounts payable 11111718184
Accrued liabilities 991002717104
Taxes payable   4112
Debt 6629343911
Due to related parties 110   
Other liabilities    000
Other undisclosed current liabilities 0    23
Total current liabilities: 11711877717043
Noncurrent Liabilities
Long-term debt and lease obligation 324014173216
Long-term debt, excluding current maturities 3222  1616
Capital lease obligations 18141716 
Other undisclosed noncurrent liabilities     (8)(8)
Total noncurrent liabilities: 32401417248
Other undisclosed liabilities    0  
Total liabilities: 15015891879351
Temporary equity, carrying amount   35558
Stockholders' equity
Stockholders' equity attributable to parent, including: (91)13135178181174
Common stock 000000
Additional paid in capital 106109105595959
Accumulated other comprehensive income (loss) (9)(94)(71)131919
Retained earnings (accumulated deficit) (188)(2)10010610395
Other undisclosed stockholders' equity attributable to parent (0)   (0) 
Stockholders' equity attributable to noncontrolling interest 520    
Other undisclosed stockholders' equity 0 35558
Total stockholders' equity: (87)33170183186182
Other undisclosed liabilities and equity   (35)(5)(5)(8)
TOTAL LIABILITIES AND EQUITY: 63191262270279233

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 11034869979
Cost of revenue
(Cost of Goods and Services Sold)
 (1)(9)(25)(60)(72)(53)
Other undisclosed gross profit     22
Gross profit: (0)29262928
Operating expenses (190)(101)(7)(16)(12)(9)
Other undisclosed operating loss (0)     
Operating income (loss): (191)(99)2101718
Nonoperating income (expense) 1(3)(1)(2)(4)(0)
Investment income, nonoperating (2)(3)0010
Foreign currency transaction gain (loss), before tax     (0)5
Other nonoperating income (expense) 2(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: (190)(102)141318
Other undisclosed income (loss) from continuing operations before income taxes   (2)4  
Income (loss) from continuing operations before income taxes: (190)(102)(1)81318
Income tax expense (0)(0) (4)(4)(5)
Other undisclosed income (loss) from continuing operations   (0) (1)4
Income (loss) from continuing operations: (190)(102)(1)4817
Loss from discontinued operations  (15)(5)   
Income (loss) before gain (loss) on sale of properties: (190)(117)(6)4817
Other undisclosed net income (loss) 20140 0(5)
Net income (loss): (170)(103)(5)4812
Net income (loss) attributable to noncontrolling interest   (0)(1)1(1)
Other undisclosed net income attributable to parent      2
Net income (loss) attributable to parent: (170)(103)(6)3913
Other undisclosed net income (loss) available to common stockholders, basic 17488  (1)(1)
Net income (loss) available to common stockholders, diluted: 4(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): (170)(103)(5)4812
Other comprehensive loss    (4)  
Other undisclosed comprehensive income (loss) 69(28)(5)   
Comprehensive income (loss): (101)(130)(10)(1)812
Comprehensive income (loss), net of tax, attributable to noncontrolling interest  10(20)(0)(1)0
Comprehensive income (loss), net of tax, attributable to parent: (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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