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)

9/30/2019
TTM
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 investments 16517182613
Cash and cash equivalents 16512172613
Short-term investments   42  
Restricted cash and investments 711131613 
Receivables 102181169977649
Inventory, net of allowances, customer advances and progress billings 22161218159
Inventory 22161218159
Prepaid expense 1174001
Advances on inventory purchases      9
Other undisclosed current assets 1019494170
Total current assets: 16723826419113880
Noncurrent Assets
Property, plant and equipment 821215212629
Long-term investments and receivables 1298777908379
Long-term investments 1297177908379
Due from related parties  16    
Intangible assets, net (including goodwill) 3311111
Goodwill 2900000
Intangible assets, net (excluding goodwill) 400011
Other noncurrent assets 684200 
Deferred tax assets, net04    
Other undisclosed noncurrent assets 128940697415
Total noncurrent assets: 261200176181185124
TOTAL ASSETS: 429438440371323204
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 4751052
Accounts payable 112112116744623
Taxes payable 331121
Other undisclosed accounts payable and accrued liabilities (112)(108)(112)(65)(43)(22)
Debt 436149414151
Derivative instruments and hedges, liabilities    429
Due to related parties 00000 
Deferred revenue and credits260  
Deferred tax liabilities  020 
Customer advances and deposits0003
Other undisclosed current liabilities 117114117754824
Total current liabilities: 1651851781319987
Noncurrent Liabilities
Long-term debt and lease obligation 293129  13
Long-term debt, excluding current maturities 293129  13
Liabilities, other than long-term debt 2 121216
Deferred tax liabilities, net2 1221
Derivative instruments and hedges, liabilities     1015
Other undisclosed noncurrent liabilities 7     
Total noncurrent liabilities: 38313021229
Total liabilities: 203215207133111116
Stockholders' equity
Stockholders' equity attributable to parent 22622323223921289
Common stock 000000
Additional paid in capital 25523322821319077
Accumulated other comprehensive income (loss) (20)(6)(20)(5)58
Retained earnings (accumulated deficit) (9)(4)2531164
Total stockholders' equity: 22622323223921289
TOTAL LIABILITIES AND EQUITY: 429438440371323204

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues 11210312920117296
Revenue, net10312920117095
Revenue from related parties 49
Cost of revenue
(Cost of Goods and Services Sold)
 (92)(88)(112)(173)(147)(73)
Other undisclosed gross profit     (2)(2)
Gross profit: 201418282322
Operating expenses (22)(40)(49)(32)(18)(21)
Other undisclosed operating income      0
Operating income (loss): (2)(26)(31)(4)52
Nonoperating income (expense) 4(6)25259(16)
Investment income, nonoperating   497(17)
Other nonoperating income (expense) 1022(0)1
Interest and debt expense (3)(2)(2)(2)(3)(4)
Other undisclosed income from continuing operations before equity method investments, income taxes   22  
Income (loss) from continuing operations before equity method investments, income taxes: (1)(34)(6)2111(19)
Loss from equity method investments     (0)(0)
Other undisclosed income (loss) from continuing operations before income taxes 32  4(1)
Income (loss) from continuing operations before income taxes: 2(32)(6)2115(20)
Income tax expense (benefit) (8)3(1)(6)(2)(2)
Net income (loss) available to common stockholders, diluted: (6)(28)(7)1512(21)

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss): (6)(28)(7)1512(21)
Comprehensive income (loss): (6)(28)(7)1512(21)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (14)14(15)(10)(3)2
Comprehensive income (loss), net of tax, attributable to parent: (19)(15)(22)510(19)

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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