IT Tech Packaging, Inc. (ITP) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
SCIENCE PARK, JULI ROAD HEBEI PROVINCE,, 072550 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 267 - Converted Paper And Paperboard Products, Except (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 9,525 | 11,202 | 4,142 | 5,838 | 12,117 | 2,896 | |||
| Cash and cash equivalents | 9,525 | 11,202 | 4,142 | 5,838 | 12,117 | 2,896 | |||
| Restricted cash and investments | 5,838 | 3,643 | 6,122 | ||||||
| Receivables | 6,680 | 7,735 | 58 | 1,804 | (59) | (38) | |||
| Inventory, net of allowances, customer advances and progress billings | 2,873 | 5,845 | 1,234 | 1,607 | 2,924 | 8,474 | |||
| Inventory | 2,873 | 5,845 | 1,234 | 1,607 | 2,924 | 8,474 | |||
| Prepaid expense | 27 | 697 | 184 | ||||||
| Other current assets | 27,207 | 992 | 251 | 44 | 9 | ||||
| Other undisclosed current assets | 854 | 30,038 | 8,483 | 8,704 | 5,490 | 2,340 | |||
| Total current assets: | 47,166 | 55,516 | 14,910 | 24,041 | 24,159 | 19,987 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 1,940 | 2,286 | 2,398 | ✕ | ✕ | ||||
| Operating lease, right-of-use asset | 673 | ✕ | ✕ | ||||||
| Nontrade receivables | 2,067 | 2,430 | 2,566 | 2,622 | 2,810 | 3,041 | |||
| Property, plant and equipment | 151,570 | 126,587 | 145,143 | 151,617 | 167,830 | 189,389 | |||
| Prepaid expense | 1,032 | 43,446 | 21,150 | 1,433 | |||||
| Deferred tax assets, net | ✕ | ✕ | ✕ | ✕ | ✕ | 8,277 | 6,573 | ||
| Other undisclosed noncurrent assets | 11,269 | 13,709 | 10,485 | ||||||
| Total noncurrent assets: | 157,281 | 186,019 | 184,965 | 166,157 | 178,917 | 199,003 | |||
| TOTAL ASSETS: | 204,447 | 241,535 | 199,874 | 190,198 | 203,076 | 218,989 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 613 | 3,067 | 2,156 | 2,532 | 1,679 | 1,770 | |||
| Interest and dividends payable | ✕ | ✕ | 993 | 429 | 549 | ||||
| Taxes payable | ✕ | ✕ | 1,108 | 260 | 1,382 | 219 | 526 | ||
| Employee-related liabilities | ✕ | ✕ | 291 | 225 | 292 | 214 | 231 | ||
| Accounts payable | 5 | 10 | 592 | 250 | 629 | 423 | |||
| Accrued liabilities | 608 | 665 | 649 | 607 | 617 | 42 | |||
| Debt | 10,434 | 12,797 | 11,432 | 7,769 | 17,936 | 19,681 | |||
| Due to related parties | 727 | 727 | 727 | 540 | 413 | 60 | |||
| Other liabilities | |||||||||
| Other undisclosed current liabilities | 5,865 | 3,843 | 4,025 | 5,994 | 9,605 | 246 | |||
| Total current liabilities: | 17,641 | 20,434 | 18,340 | 16,835 | 29,634 | 21,758 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation: | 152 | 354 | |||||||
| Liabilities, other than long-term debt | 1,226 | 2,064 | 1,115 | 2,186 | 10,713 | ||||
| Due to related parties | 2,186 | 10,713 | |||||||
| Operating lease, liability | 580 | 152 | 354 | ✕ | ✕ | ||||
| Derivative instruments and hedges, liabilities | 646 | 2,064 | 1,115 | ||||||
| Other undisclosed noncurrent liabilities | 4,256 | 3,135 | 4,985 | 7,368 | 4,706 | 1,194 | |||
| Total noncurrent liabilities: | 5,483 | 5,351 | 6,454 | 7,368 | 6,892 | 11,907 | |||
| Total liabilities: | 23,123 | 25,785 | 24,794 | 24,203 | 36,526 | 33,664 | |||
| Equity | |||||||||
| Equity, attributable to parent | 181,324 | 215,750 | 175,080 | 165,995 | 166,550 | 185,325 | |||
| Common stock | 10 | 99 | 29 | 23 | 22 | 21 | |||
| Additional paid in capital | 89,173 | 88,928 | 53,990 | 51,155 | 51,137 | 50,635 | |||
| Accumulated other comprehensive income (loss) | (7,515) | 10,496 | 5,741 | (6,058) | (3,264) | 5,469 | |||
| Retained earnings | 99,656 | 116,227 | 115,321 | 120,875 | 118,654 | 129,200 | |||
| Total equity: | 181,324 | 215,750 | 175,080 | 165,995 | 166,550 | 185,325 | |||
| TOTAL LIABILITIES AND EQUITY: | 204,447 | 241,535 | 199,874 | 190,198 | 203,076 | 218,989 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 100,352 | 160,882 | 100,943 | 117,615 | 86,747 | 117,024 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (95,598) | (149,864) | (95,241) | (103,935) | (80,926) | (97,068) | ||
| Gross profit: | 4,754 | 11,018 | 5,702 | 13,680 | 5,820 | 19,956 | ||
| Operating expenses | (10,059) | (9,558) | (11,158) | (9,782) | (16,993) | (15,276) | ||
| Other undisclosed operating loss | (10) | |||||||
| Operating income (loss): | (5,305) | 1,459 | (5,456) | 3,898 | (11,182) | 4,680 | ||
| Nonoperating income (Investment Income, Nonoperating) | 1,504 | 5,919 | 32 | 65 | 37 | 35 | ||
| Interest and debt expense | (989) | (1,053) | (695) | (926) | (1,492) | (2,434) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (537) | 261 | 241 | 42 | ||||
| Income (loss) from continuing operations before income taxes: | (4,790) | 6,326 | (6,656) | 3,297 | (12,397) | 2,323 | ||
| Income tax expense (benefit) | (11,711) | (5,547) | 1,102 | (1,076) | 1,851 | (663) | ||
| Income (loss) from continuing operations: | (16,501) | 779 | (5,554) | 2,221 | (10,546) | 1,660 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | 779 | (5,554) | 2,221 | (10,546) | 1,660 | ||
| Other undisclosed net income (loss) | (70) | 127 | ||||||
| Net income (loss): | (16,571) | 906 | (5,554) | 2,221 | (10,546) | 1,660 | ||
| Other undisclosed net loss attributable to parent | ||||||||
| Net income (loss) available to common stockholders, diluted: | (16,571) | 906 | (5,554) | 2,221 | (10,546) | 1,660 | ||
Comprehensive Income ($ in thousands)
| 3/31/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (16,571) | 906 | (5,554) | 2,221 | (10,546) | 1,660 | ||
| Comprehensive income (loss): | (16,571) | 906 | (5,554) | 2,221 | (10,546) | 1,660 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (18,011) | 4,755 | 11,798 | (2,794) | (8,733) | 10,910 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (34,582) | 5,661 | 6,244 | (572) | (19,278) | 12,570 | ||
Statements Sources
The financial statements are based on the Company's filings with 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.