Pingtan Marine Enterprise Ltd. (PME) financial statements (2021 and earlier)

Company profile

Business Address 18-19/F, ZHONGSHAN BUILDING A,
FUZHOU, 350001
State of Incorp.
Fiscal Year End December 31
SIC 09 - Fishing, hunting, and trapping (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

9/30/2020
TTM
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 investments 102211113
Cash and cash equivalents 102211113
Receivables 22713431373
Inventory, net of allowances, customer advances and progress billings 31649212
Inventory 31649212
Prepaid expense 110000
Advances on inventory purchases     32 
Other undisclosed current assets   28348
Total current assets: 6415216192106
Noncurrent Assets
Finance lease, right-of-use asset 0
Property, plant and equipment 25920013512295110
Long-term investments and receivables 282934323419
Long-term investments 282934323419
Prepaid expense 49 12121214
Other undisclosed noncurrent assets 33    
Total noncurrent assets: 340232180166140143
TOTAL ASSETS: 404247201226232249
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 18369567
Accounts payable 8314111
Accrued liabilities      0
Employee-related liabilities 1065455
Interest and dividends payable 000000
Debt 681421393549
Due to related parties 0204012
Customer advances and deposits   0
Other undisclosed current liabilities 3422113
Total current liabilities: 897336654261
Noncurrent Liabilities
Long-term debt and lease obligation 1602217222339
Long-term debt, excluding current maturities 1602217222339
Operating lease, liability 0
Total noncurrent liabilities: 1602217222339
Total liabilities: 24995548765100
Stockholders' equity
Stockholders' equity attributable to parent, including: 136133129125150149
Common stock 000000
Additional paid in capital 828282111111118
Accumulated other comprehensive income (loss) (16)(13)(6)(13)(4)4
Retained earnings 545040173421
Other undisclosed stockholders' equity attributable to parent 161513996
Stockholders' equity attributable to noncontrolling interest 1919181516 
Total stockholders' equity: 155152148140167149
TOTAL LIABILITIES AND EQUITY: 404247201226232249

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

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues 9064632161233
Revenue, net 161233
Cost of revenue (64)(33)(41)(29)(63)(156)
Cost of goods and services sold (0)(0)(0)(0)(63)(157)
Gross profit: 253122(9)(3)78
Operating expenses (12)(15)11(5)(5)(7)
Operating income (loss): 131633(14)(8)70
Nonoperating income (expense) (7)(1)(1)(1)2715
Investment income, nonoperating 101200
Foreign currency transaction gain (loss), before tax (0)(0)1(2)(1)(0)
Interest and debt expense 0(1)(2)(2)(4)(5)
Income (loss) from continuing operations before equity method investments, income taxes: 61430(17)1681
Other undisclosed income (loss) from continuing operations before income taxes (0)12245
Income (loss) from continuing operations before income taxes: 61533(15)2086
Income tax expense    (0)  
Net income (loss): 61533(15)2086
Net income (loss) attributable to noncontrolling interest (1)(1)(3)1(1) 
Net income (loss) available to common stockholders, diluted: 61330(14)1886

Comprehensive Income ($ in millions)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss): 61533(15)2086
Other comprehensive loss      (1)
Other undisclosed comprehensive income (loss) (3)(8)8(9)(9) 
Comprehensive income (loss): 4640(24)1185
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (0)(1)(3)2(1) 
Comprehensive income (loss), net of tax, attributable to parent: 3637(22)1085

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: