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

Company profile

Business Address A-1, 10 STREET 7
SHENYANG, 110141
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)

9/30/2019
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 investments 001214
Cash and cash equivalents 001214
Restricted cash and investments     10
Receivables 542235
Inventory, net of allowances, customer advances and progress billings 200349
Inventory 200349
Prepaid expense     0
Advances on inventory purchases 00 02
Deposits current assets     0
Other current assets     1
Other undisclosed current assets (4)(4)(1)0(11)
Total current assets: 3137100
Noncurrent Assets
Property, plant and equipment 20012
Long-term investments and receivables   0 0
Long-term investments   0 0
Intangible assets, net (including goodwill)    01
Intangible assets, net (excluding goodwill)    01
Restricted cash and investments     0
Other undisclosed noncurrent assets 2   0
Total noncurrent assets: 30013
TOTAL ASSETS: 6138103
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 789419
Accounts payable 11107
Accrued liabilities 33322
Employee-related liabilities 00000
Taxes payable 00000
Other undisclosed accounts payable and accrued liabilities 24519
Debt     30
Due to related parties     2
Customer advances and deposits 116
Contract with customer, liability0
Other undisclosed current liabilities 3210(1)
Total current liabilities: 101011556
Noncurrent Liabilities
Long-term debt and lease obligation  3323
Long-term debt, excluding current maturities  3323
Liabilities, other than long-term debt    00
Deferred tax liabilities, net   00
Other undisclosed noncurrent liabilities 2    
Total noncurrent liabilities: 23323
Total liabilities: 111314759
Stockholders' equity
Stockholders' equity attributable to parent, including: (5)(12)(11)125
Common stock 00000
Common stock, value, subscriptions   0  
Additional paid in capital (8)86869888
Accumulated other comprehensive income (loss) (0)1514129
Retained earnings (accumulated deficit) 2(120)(117)(118)(76)
Other undisclosed stockholders' equity attributable to parent 16685
Stockholders' equity attributable to noncontrolling interest     19
Other undisclosed stockholders' equity  (6)(6)(7) 
Total stockholders' equity: (5)(18)(16)(6)44
Other undisclosed liabilities and equity  667 
TOTAL LIABILITIES AND EQUITY: 6138103

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
Revenues 610334
Revenue, net 0334
Cost of revenue (5)(1)(1)(6)(44)
Cost of goods and services sold (5)(1)(1)(6)(33)
Financial services costs   (11)
Other undisclosed gross profit     11
Gross profit: 10(1)(3)1
Operating expenses  (3)(1)(4)(13)
Operating income (loss): 1(2)(2)(7)(12)
Nonoperating income (expense) 0(0)0(32)(1)
Investment income, nonoperating  00(44)0
Foreign currency transaction gain (loss), before tax    12(0)
Other nonoperating income  0  1
Interest and debt expense (0)(0)(0)(0)(2)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (1)0(0)322
Income (loss) from continuing operations before income taxes: 1(3)(3)(7)(13)
Income tax expense (benefit) (0) 00(0)
Income (loss) from continuing operations: 0(3)(3)(7)(13)
Loss from discontinued operations  (0)(5)(0) 
Income (loss) before gain (loss) on sale of properties: 0(3)(8)(8)(13)
Other undisclosed net loss   (2)(35) 
Net income (loss): 0(3)(10)(43)(13)
Net income attributable to noncontrolling interest     3
Other undisclosed net income attributable to parent  020 
Net income (loss) available to common stockholders, diluted: 0(3)(8)(43)(10)

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss): 0(3)(10)(43)(13)
Comprehensive income (loss): 0(3)(10)(43)(13)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 002(7)3
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  106(0)
Comprehensive income (loss), net of tax, attributable to parent: 1(2)(8)(44)(10)

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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