IT Tech Packaging, Inc. (ITP) financial statements (2021 and earlier)

Company profile

Business Address SCIENCE PARK, JULI ROAD
HEBEI PROVINCE,, 072550
State of Incorp. NV
Fiscal Year End December 31
SIC 267 - Converted Paper And Paperboard Products, Except (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
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 investments61232343
Cash and cash equivalents61232343
Restricted cash and investments6462119 
Receivables2(0)(0)(0)00(0)
Inventory, net of allowances, customer advances and progress billings23869711
Inventory23869711
Prepaid expense  00120
Assets held-for-sale4
Deferred tax assets     0
Other current assets000000 
Other undisclosed current assets9524247
Total current assets:24242014262726
Noncurrent Assets
Nontrade receivables333333
Property, plant and equipment152168189188206208179
Prepaid expense1   111
Deferred tax assets, net873100
Other undisclosed noncurrent assets10     3
Total noncurrent assets:166179199194212213184
TOTAL ASSETS:190203219208239240210
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3223233
Accounts payable0101001
Accrued liabilities110101 
Employee-related liabilities0000100
Taxes payable1011111
Interest and dividends payable  1111 
Debt81820(4)7(9)16
Due to related parties1000000
Customer advances and deposits 0  
Other undisclosed current liabilities61002131519
Total current liabilities:17302221404428
Noncurrent Liabilities
Long-term debt and lease obligation, including:   53412
Long-term debt, excluding current maturities   5564
Other undisclosed long-term debt and lease obligation    (2)(2)8
Liabilities, other than long-term debt 2111014102
Due to related parties 2111014102
Other undisclosed noncurrent liabilities7510665
Total noncurrent liabilities:771215232020
Total liabilities:24373436636548
Stockholders' equity
Stockholders' equity attributable to parent166167185173176175161
Common stock0000000
Additional paid in capital51515151494947
Accumulated other comprehensive income (loss)(6)(3)5(5)61717
Retained earnings12111912912812010997
Total stockholders' equity:166167185173176175161
TOTAL LIABILITIES AND EQUITY:190203219208239240210

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues11887117135135137126
Cost of revenue
(Cost of Goods and Services Sold)
(104)(81)(97)(109)(107)(114)(102)
Gross profit:1462026282323
Operating expenses(10)(17)(15)(13)(10)(13)(12)
Other undisclosed operating income (loss) (0)   88
Operating income (loss):4(11)513181719
Nonoperating income00000019
Investment income, nonoperating0000000
Interest and debt expense(1)(1)(2)(3)(3)(1)(1)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes000 10(19)
Income (loss) from continuing operations before income taxes:3(12)210161618
Income tax expense (benefit)(1)2(1)(3)(4)(4)(5)
Net income (loss) available to common stockholders, diluted:2(11)27121213

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):2(11)27121213
Comprehensive income (loss):2(11)27121213
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(3)(9)11(12)(11)(0)5
Comprehensive income (loss), net of tax, attributable to parent:(1)(19)13(4)11218

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: