Smartheat Inc (HEAT) financial statements (2021 and earlier)

Company profile

Business Address 60 EAST REN-MIN ROAD
XAI XI COUNTY, QING HAI PROV., 817000
State of Incorp. NV
Fiscal Year End December 31
SIC 3433 - Heating Equipment, Except Electric and Warm Air Furnaces (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 00012
Cash and cash equivalents 00012
Receivables 15422
Inventory, net of allowances, customer advances and progress billings 22003
Inventory 22003
Advances on inventory purchases 000 0
Other undisclosed current assets  (4)(4)(1)0
Total current assets: 33137
Noncurrent Assets
Property, plant and equipment 12001
Long-term investments and receivables    0 
Long-term investments    0 
Intangible assets, net (including goodwill)     0
Intangible assets, net (excluding goodwill)     0
Other undisclosed noncurrent assets 22   
Total noncurrent assets: 33001
TOTAL ASSETS: 66138
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 17894
Accounts payable  1110
Accrued liabilities 13332
Employee-related liabilities  0000
Taxes payable  0000
Other undisclosed accounts payable and accrued liabilities 12451
Deferred revenue 0
Customer advances and deposits 11
Contract with customer, liability0
Other undisclosed current liabilities 13210
Total current liabilities: 21010115
Noncurrent Liabilities
Long-term debt and lease obligation   332
Long-term debt, excluding current maturities   332
Liabilities, other than long-term debt     0
Deferred tax liabilities, net   0
Other undisclosed noncurrent liabilities 12   
Total noncurrent liabilities: 12332
Total liabilities: 31113147
Stockholders' equity
Stockholders' equity attributable to parent, including: 2(5)(12)(11)1
Common stock 00000
Common stock, value, subscriptions    0 
Additional paid in capital (7)(8)868698
Accumulated other comprehensive income (loss) (0)(0)151412
Retained earnings (accumulated deficit) 92(120)(117)(118)
Other undisclosed stockholders' equity attributable to parent 01668
Other undisclosed stockholders' equity   (6)(6)(7)
Total stockholders' equity: 2(5)(18)(16)(6)
Other undisclosed liabilities and equity   667
TOTAL LIABILITIES AND EQUITY: 66138

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

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues 76103
Revenue, net 03
Cost of revenue
(Cost of Goods and Services Sold)
 (6)(5)(1)(1)(6)
Gross profit: 110(1)(3)
Operating expenses (2) (3)(1)(4)
Operating income (loss): (0)1(2)(2)(7)
Nonoperating income (expense) 00(0)0(32)
Investment income, nonoperating   00(44)
Foreign currency transaction gain (loss), before tax (0)   12
Interest and debt expense  (0)(0)(0)(0)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  (1)0(0)32
Income (loss) from continuing operations before income taxes: (0)1(3)(3)(7)
Income tax expense (benefit) (0)(0) 00
Income (loss) from continuing operations: (0)0(3)(3)(7)
Income (loss) from discontinued operations 2 (0)(5)(0)
Income (loss) before gain (loss) on sale of properties: 10(3)(8)(8)
Other undisclosed net income (loss) 6  (2)(35)
Net income (loss): 70(3)(10)(43)
Other undisclosed net income attributable to parent   020
Net income (loss) available to common stockholders, diluted: 70(3)(8)(43)

Comprehensive Income ($ in millions)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss): 70(3)(10)(43)
Comprehensive income (loss): 70(3)(10)(43)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 7002(7)
Other undisclosed comprehensive income, net of tax, attributable to parent   106
Comprehensive income (loss), net of tax, attributable to parent: 141(2)(8)(44)

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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