TRANSPORTATION & LOGISTICS SYSTEMS, INC. (PTRA) financial statements (2021 and earlier)

Company profile

Business Address 5500 MILITARY TRAIL
JUPITER, FL 33458
State of Incorp. NV
Fiscal Year End December 31
SIC 47 - Transportation Services (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
3/31/2016
3/31/2015
3/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1000  0
Cash and cash equivalents1000  0
Receivables0110   
Prepaid expense   000 
Other undisclosed current assets011    
Total current assets:1220000
Noncurrent Assets
Operating lease, right-of-use asset12
Property, plant and equipment101 000
Oil and gas property, full cost method     10
Intangible assets, net (including goodwill)  5 000
Intangible assets, net (excluding goodwill)  5 000
Other undisclosed noncurrent assets000    
Total noncurrent assets:226 010
TOTAL ASSETS:4470010
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2320000
Accounts payable121  00
Accrued liabilities011  00
Employee-related liabilities11000  
Other undisclosed accounts payable and accrued liabilities   00  
Debt132000 
Derivative instruments and hedges, liabilities4281   
Due to related parties1000000
Other undisclosed current liabilities10830000
Total current liabilities:1816151000
Noncurrent Liabilities
Long-term debt and lease obligation210    
Long-term debt, excluding current maturities0 0    
Operating lease, liability11
Other undisclosed noncurrent liabilities(1)      
Total noncurrent liabilities:210    
Total liabilities:2017151000
Stockholders' equity
Stockholders' equity attributable to parent, including:(16)(13)(8)(1)(0)10
Preferred stock  00   
Common stock2000000
Additional paid in capital105487(0)221
Accumulated deficit(123)(61)(15)(1)(3)(1)(0)
Other undisclosed stockholders' equity attributable to parent00    0
Total stockholders' equity:(16)(13)(8)(1)(0)10
TOTAL LIABILITIES AND EQUITY:4470010

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
3/31/2016
3/31/2015
3/31/2014
Revenues2631181   
Revenue, net1   
Cost of revenue(23)(29)(16)(1)   
Gross profit:3320   
Operating expenses(11)(23)(9)(0)(0)(0)(0)
Other undisclosed operating loss    (1)(1)(0)
Operating loss:(8)(20)(7)(0)(1)(1)(0)
Nonoperating income (expense)(35)(24)(8)(1)0  
Other nonoperating income (expense)  (8)(1)0  
Interest and debt expense8(1)(2)0   
Loss from continuing operations before income taxes:(35)(45)(16)(1)(1)(1)(0)
Other undisclosed income (loss) from continuing operations(8)1     
Loss from continuing operations:(43)(44)(16)(1)(1)(1)(0)
Loss from discontinued operations (1)     
Net loss:(43)(45)(16)(1)(1)(1)(0)
Other undisclosed net income (loss) attributable to parent  2(0)   
Net loss attributable to parent:(43)(45)(14)(1)(1)(1)(0)
Preferred stock dividends and other adjustments(19)(1)     
Net loss available to common stockholders, diluted:(62)(46)(14)(1)(1)(1)(0)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
3/31/2016
3/31/2015
3/31/2014
Net loss:(43)(45)(16)(1)(1)(1)(0)
Comprehensive loss, net of tax, attributable to parent:(43)(45)(16)(1)(1)(1)(0)

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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