MICT, Inc. (MICT) financial statements (2021 and earlier)

Company profile

Business Address 28 WEST GRAND AVENUE, SUITE 3
MONTVALE, NJ 07645
State of Incorp. DE
Fiscal Year End December 31
SIC 367 - Electronic Components And Accessories (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 investments293224815
Cash and cash equivalents29322129
Short-term investments    366
Receivables1(0)15161718
Inventory, net of allowances, customer advances and progress billings2 45677
Inventory2 45677
Prepaid expense  01000
Assets held-in-trust   12   
Other current assets2100010
Other undisclosed current assets 00100(3)
Total current assets:334825263437
Noncurrent Assets
Operating lease, right-of-use asset0 
Property, plant and equipment1011222
Long-term investments and receivables31     
Long-term investments31     
Intangible assets, net (including goodwill)40 03456
Goodwill22  1111
Intangible assets, net (excluding goodwill)17 01234
Deposits noncurrent assets0 10000
Deferred tax assets, net 1   
Other undisclosed noncurrent assets000    
Total noncurrent assets:44224678
TOTAL ASSETS:7861030324045
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1 24468
Accrued liabilities0 01111
Taxes payable    000
Other undisclosed accounts payable and accrued liabilities1 13357
Debt1 34111210
Due to related parties0 01111
Disposal group, including discontinued operation   11   
Other liabilities5000000
Other undisclosed current liabilities  32311
Total current liabilities:70922202021
Noncurrent Liabilities
Long-term debt and lease obligation 2 1 24
Long-term debt, excluding current maturities 2 1 24
Capital lease obligations   00
Liabilities, other than long-term debt4000000
Accounts payable and accrued liabilities0000000
Deferred income tax liabilities4 
Other undisclosed noncurrent liabilities1001100
Total noncurrent liabilities:5212124
Other undisclosed liabilities      6
Total liabilities:123924212331
Stockholders' equity
Stockholders' equity attributable to parent, including:623(1)071120
Preferred stock 0     
Common stock0000000
Additional paid in capital102141211988
Accumulated other comprehensive income (loss) 0(0)(0)0(0)0
Retained earnings (accumulated deficit)(40)(17)(13)(10)(2)46
Other undisclosed stockholders' equity attributable to parent(0)6    6
Stockholders' equity attributable to noncontrolling interest4 26466
Other undisclosed stockholders' equity      (12)
Total stockholders' equity:66316111714
TOTAL LIABILITIES AND EQUITY:7861030324045

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
Revenues101418232434
Revenue, net  2434
Other income0     
Cost of revenue(1)(1)(11)(14)(19)(16)(24)
Cost of goods and services sold    (1)(16)(24)
Gross profit:(0)(0)444710
Operating expenses(17)(4)(13)(9)(11)(10)(12)
Operating loss:(17)(4)(9)(5)(7)(3)(2)
Interest and debt expense  (0)  (1) 
Loss from continuing operations before equity method investments, income taxes:(17)(4)(9)(5)(7)(3)(2)
Other undisclosed loss from continuing operations before income taxes(7)(1)(1)(0)(1) (0)
Loss from continuing operations before income taxes:(24)(5)(10)(5)(8)(3)(2)
Income tax expense (benefit)0(0)(1)000(0)
Loss before gain (loss) on sale of properties:(24)(5)(11)(5)(8)(3)(2)
Other undisclosed net income (loss)  5(5)   
Net loss:(24)(5)(6)(10)(8)(3)(2)
Net income attributable to noncontrolling interest     10
Other undisclosed net income attributable to parent11322  
Net loss available to common stockholders, diluted:(23)(4)(3)(8)(6)(2)(2)

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 loss:(24)(5)(6)(10)(8)(3)(2)
Other comprehensive loss (0)   (3)(4)
Comprehensive loss:(24)(5)(6)(10)(8)(6)(6)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest004121(1)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1)(0)(4)(1)(2) 4
Comprehensive loss, net of tax, attributable to parent:(24)(5)(6)(10)(7)(5)(3)

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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