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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments46123234
Cash and cash equivalents46123234
Restricted cash and investments 6462119
Receivables02(0)(0)(0)00
Inventory, net of allowances, customer advances and progress billings1238697
Inventory1238697
Prepaid expense   0012
Other current assets1000000
Other undisclosed current assets8952424
Total current assets:15242420142627
Noncurrent Assets
Finance lease, right-of-use asset2 
Nontrade receivables3333333
Property, plant and equipment145152168189188206208
Prepaid expense211   11
Deferred tax assets, net87310
Other undisclosed noncurrent assets1410     
Total noncurrent assets:185166179199194212213
TOTAL ASSETS:200190203219208239240
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2322323
Accounts payable1010100
Accrued liabilities1110101
Employee-related liabilities0000010
Taxes payable0101111
Interest and dividends payable0  1111
Debt1181820(4)7(9)
Due to related parties1100000
Customer advances and deposits 0  
Other undisclosed current liabilities46100213151
Total current liabilities:18173022214044
Noncurrent Liabilities
Long-term debt and lease obligation, including:0   534
Long-term debt, excluding current maturities    556
Operating lease, liability0 
Other undisclosed long-term debt and lease obligation     (2)(2)
Liabilities, other than long-term debt1 211101410
Due to related parties  211101410
Derivative instruments and hedges, liabilities1      
Other undisclosed noncurrent liabilities5751066
Total noncurrent liabilities:67712152320
Total liabilities:25243734366365
Stockholders' equity
Stockholders' equity attributable to parent175166167185173176175
Common stock0000000
Additional paid in capital54515151514949
Accumulated other comprehensive income (loss)6(6)(3)5(5)617
Retained earnings115121119129128120109
Total stockholders' equity:175166167185173176175
TOTAL LIABILITIES AND EQUITY:200190203219208239240

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues10111887117135135137
Cost of revenue
(Cost of Goods and Services Sold)
(95)(104)(81)(97)(109)(107)(114)
Gross profit:614620262823
Operating expenses(11)(10)(17)(15)(13)(10)(13)
Other undisclosed operating income (loss)  (0)   8
Operating income (loss):(5)4(11)5131817
Nonoperating income
(Investment Income, Nonoperating)
0000000
Interest and debt expense(1)(1)(1)(2)(3)(3)(1)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(1)000 10
Income (loss) from continuing operations before income taxes:(7)3(12)2101616
Income tax expense (benefit)1(1)2(1)(3)(4)(4)
Net income (loss) available to common stockholders, diluted:(6)2(11)271212

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(6)2(11)271212
Comprehensive income (loss):(6)2(11)271212
Other undisclosed comprehensive income (loss), net of tax, attributable to parent12(3)(9)11(12)(11)(0)
Comprehensive income (loss), net of tax, attributable to parent:6(1)(19)13(4)112

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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