Highpower International Inc (HPJ) financial statements (2021 and earlier)

Company profile

Business Address BUILDING A1, 68 XINXIA STREET
GUANGDONG, 518111
State of Incorp. DE
Fiscal Year End December 31
SIC 369 - Miscellaneous Electrical Machinery, Equipment, and Supplies (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2515961587
Cash and cash equivalents2515961587
Restricted cash and investments4426111215  
Receivables79625639343526
Inventory, net of allowances, customer advances and progress billings55432219222017
Inventory55432219222017
Prepaid expense11102535
Advances on inventory purchases  3 231
Deposits current assets 00 111
Prepaid expense and other current assets4
Other current assets    11
Other undisclosed current assets000 (3)2526
Total current assets:21515610581899781
Noncurrent Assets
Property, plant and equipment57474447504933
Long-term investments and receivables101010    
Long-term investments101010    
Intangible assets, net (including goodwill)2341111
Intangible assets, net (excluding goodwill)2341111
Prepaid expense34    
Derivative instruments and hedges     00
Other noncurrent assets111   
Other undisclosed noncurrent assets1116655
Total noncurrent assets:73645954575440
TOTAL ASSETS:288220163134146152120
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities83735942504532
Accounts payable66604936454028
Accrued liabilities2114443
Employee-related liabilities1176    
Taxes payable4422211
Debt98654916173822
Due to related parties6 2    
Deferred revenue and credits011211
Customer advances and deposits2211
Contract with customer, liability6
Other undisclosed current liabilities1713632312928
Total current liabilities:2111521189110111383
Noncurrent Liabilities
Long-term debt and lease obligation    246
Long-term debt, excluding current maturities    246
Liabilities, other than long-term debt 1     
Accounts payable and accrued liabilities 1     
Other undisclosed noncurrent liabilities  001  
Total noncurrent liabilities: 100346
Total liabilities:2111531189110411788
Stockholders' equity
Stockholders' equity attributable to parent, including:77674542403331
Common stock0000000
Additional paid in capital141312111166
Accumulated other comprehensive income (loss)(1)3(1)3665
Retained earnings64513428242220
Warrants and rights outstanding    1  
Other undisclosed stockholders' equity attributable to parent    (1)  
Stockholders' equity attributable to noncontrolling interest  01111
Total stockholders' equity:77674543423532
TOTAL LIABILITIES AND EQUITY:288220163134146152120

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

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues294244174146147133113
Revenue, net244174146147133113
Cost of revenue
(Cost of Goods and Services Sold)
(237)(197)(136)(118)(117)(106)(89)
Gross profit:57473828302624
Operating expenses(41)(35)(32)(25)(27)(24)(21)
Operating income:161363323
Nonoperating income0731211
Investment income, nonoperating 70 (0)01
Foreign currency transaction gain (loss), before tax    0(1)(0)
Other nonoperating income0021221
Interest and debt expense(2)(1)(1)(1)(2)(2)(1)
Income from continuing operations before equity method investments, income taxes:141873323
Loss from equity method investments(0)      
Other undisclosed income (loss) from continuing operations before income taxes1301(0)0(1)
Income from continuing operations before income taxes:162274323
Income tax expense(2)(4)(1)(1)(1)(1)(1)
Net income:131763312
Net income (loss) attributable to noncontrolling interest (0)00000
Net income available to common stockholders, diluted:131764312

Comprehensive Income ($ in millions)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income:131763312
Other undisclosed comprehensive income (loss)(4)4(4)(3)(0)11
Comprehensive income:92120222
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (0)100(0)(0)
Other undisclosed comprehensive income, net of tax, attributable to parent     00
Comprehensive income, net of tax, attributable to parent:92131322

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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