Kandi Technologies Group, Inc. (KNDI) financial statements (2021 and earlier)

Company profile

Business Address JINHUA CITY INDUSTRIAL ZONE
JINHUA, 321016
State of Incorp. DE
Fiscal Year End December 31
SIC 3711 - Motor Vehicles and Passenger Car Bodies (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 investments1425165171826
Cash and cash equivalents1425165121726
Short-term investments    42 
Restricted cash and investments011711131613
Receivables61931021811699776
Inventory, net of allowances, customer advances and progress billings20282216121815
Inventory20282216121815
Prepaid expense1411117400
Advances on inventory purchases13      
Other current assets06     
Other undisclosed current assets5742101949417
Total current assets:307196167238264191138
Noncurrent Assets
Operating lease, right-of-use asset 0
Property, plant and equipment65748212152126
Long-term investments and receivables04712987779083
Long-term investments04712971779083
Due from related parties   16   
Intangible assets, net (including goodwill)3332331111
Goodwill3028290000
Intangible assets, net (excluding goodwill)3440001
Deferred income tax assets9 
Other noncurrent assets3211684200
Deferred tax assets, net04   
Other undisclosed noncurrent assets48111289406974
Total noncurrent assets:188176261200176181185
TOTAL ASSETS:495371429438440371323
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:366475105
Accounts payable34721121121167446
Taxes payable1233112
Other undisclosed accounts payable and accrued liabilities (68)(112)(108)(112)(65)(43)
Debt 404361494141
Derivative instruments and hedges, liabilities     42
Due to related parties1 00000
Deferred revenue and credits260 
Deferred tax liabilities  020
Customer advances and deposits0003
Other liabilities21     
Other undisclosed current liabilities46851171141177548
Total current liabilities:8413216518517813199
Noncurrent Liabilities
Long-term debt and lease obligation 15293129  
Long-term debt, excluding current maturities 15293129  
Liabilities, other than long-term debt4 2 1212
Deferred tax liabilities, net2 122
Deferred income tax liabilities3 
Other liabilities0      
Derivative instruments and hedges, liabilities      10
Other undisclosed noncurrent liabilities477    
Total noncurrent liabilities:821383130212
Total liabilities:91153203215207133111
Stockholders' equity
Stockholders' equity attributable to parent404218226223232239212
Common stock0000000
Treasury stock, value (2)     
Additional paid in capital440260255233228213190
Accumulated other comprehensive income (loss)(9)(23)(20)(6)(20)(5)5
Retained earnings (accumulated deficit)(27)(17)(9)(4)253116
Total stockholders' equity:404218226223232239212
TOTAL LIABILITIES AND EQUITY:495371429438440371323

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
Revenues77136112103129201172
Revenue, net103129201170
Revenue from related parties11649
Cost of revenue
(Cost of Goods and Services Sold)
(63)(110)(92)(88)(112)(173)(147)
Other undisclosed gross profit      (2)
Gross profit:13252014182823
Operating expenses(13)(25)(22)(40)(49)(32)(18)
Operating income (loss):11(2)(26)(31)(4)5
Nonoperating income (expense)(16)(9)4(6)25259
Investment income, nonoperating    497
Other nonoperating income (expense)221022(0)
Interest and debt expense(4)(5)(3)(2)(2)(2)(3)
Other undisclosed income from continuing operations before equity method investments, income taxes    22 
Income (loss) from continuing operations before equity method investments, income taxes:(19)(13)(1)(34)(6)2111
Loss from equity method investments      (0)
Other undisclosed income from continuing operations before income taxes4532  4
Income (loss) from continuing operations before income taxes:(15)(8)2(32)(6)2115
Income tax expense (benefit)51(8)3(1)(6)(2)
Net income (loss) available to common stockholders, diluted:(10)(7)(6)(28)(7)1512

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):(10)(7)(6)(28)(7)1512
Comprehensive income (loss):(10)(7)(6)(28)(7)1512
Other undisclosed comprehensive income (loss), net of tax, attributable to parent14(3)(14)14(15)(10)(3)
Comprehensive income (loss), net of tax, attributable to parent:4(10)(19)(15)(22)510

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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