Quest Solution, Inc. (QUES) financial statements (2021 and earlier)

Company profile

Business Address 1865 WEST 2100 SOUTH
SALT LAKE CITY, UT 84119
State of Incorp. DE
Fiscal Year End December 31
SIC 7373 - Computer Integrated Systems Design (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 investments5200010
Cash and cash equivalents5200010
Restricted cash and investments   111 
Receivables10712611119
Inventory, net of allowances, customer advances and progress billings2220131
Inventory2220131
Prepaid expense1000010
Deferred tax assets   0 
Other current assets0000100
Total current assets:1611158131711
Noncurrent Assets
Operating lease, right-of-use asset00
Property, plant and equipment0000010
Long-term investments and receivables      0
Accounts and financing receivable, after allowance for credit loss      0
Intangible assets, net (including goodwill), including:1514141010015
Goodwill15141410102114
Intangible assets, net (excluding goodwill)     300
Other undisclosed intangible assets, net (including goodwill)     (51) 
Restricted cash and investments111    
Deferred tax assets, net   0 
Other undisclosed noncurrent assets791189339
Total noncurrent assets:22242518203523
TOTAL ASSETS:39344026335234
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:2719171311207
Accrued liabilities      4
Employee-related liabilities2222221
Interest and dividends payable 0000  
Other undisclosed accounts payable and accrued liabilities251715129183
Debt118131212
Due to related parties0  0000
Deferred revenue and credits  10
Other liabilities120  01
Other undisclosed current liabilities234815145
Total current liabilities:42313523283716
Noncurrent Liabilities
Long-term debt and lease obligation00000117
Long-term debt, excluding current maturities00000117
Operating lease, liability00
Liabilities, other than long-term debt2234181517
Deferred revenue and credits011 
Accounts payable and accrued liabilities0      
Due to related parties1123181417
Other liabilities1010000
Other undisclosed noncurrent liabilities 0001 (17)
Total noncurrent liabilities:2234191517
Total liabilities:44333827485233
Stockholders' equity
Stockholders' equity attributable to parent, including:(5)22(1)(15)(0)1
Preferred stock      0
Common stock0000000
Treasury stock, value  (0)(0)(0)  
Additional paid in capital52474534181818
Deferred compensation equity    (0)  
Accumulated other comprehensive income (loss)(0)00    
Accumulated deficit(57)(45)(40)(36)(33)(18)(17)
Other undisclosed stockholders' equity attributable to parent00(3)000 
Total stockholders' equity:(5)22(1)(15)(0)1
TOTAL LIABILITIES AND EQUITY:39344026335234

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
Revenues55575654606437
Revenue, net 606437
Cost of revenue
(Cost of Goods and Services Sold)
(44)(43)(43)(43)(48)(51)(29)
Other undisclosed gross profit      (1)
Gross profit:1114131112137
Operating expenses(20)(17)(16)(12)(13)(15)(7)
Other operating expense, net     (2)(1)
Operating loss:(9)(3)(3)(1)(1)(4)(1)
Nonoperating income (expense)(3)(3)(1)0   
Other nonoperating income (expense)0(0)(1)0   
Interest and debt expense1(0)(2)(0)(1)(0)(1)
Loss from continuing operations before income taxes:(11)(5)(6)(1)(2)(4)(2)
Income tax expense (benefit)00(1)   (1)
Loss from continuing operations:(11)(5)(6)(1)(2)(4)(3)
Loss from discontinued operations    (7)  
Net loss:(11)(5)(6)(1)(9)(4)(3)
Other undisclosed net income (loss) attributable to parent(1)01(2)(6)23
Net income (loss) attributable to parent:(12)(5)(5)(2)(14)(2)0
Preferred stock dividends and other adjustments(0)000(0)  
Other undisclosed net income (loss) available to common stockholders, basic0 (0) 0  
Net income (loss) available to common stockholders, diluted:(11)(5)(5)(2)(14)(2)0

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:(11)(5)(6)(1)(9)(4)(3)
Other comprehensive income050    
Comprehensive loss:(10)(0)(6)(1)(9)(4)(3)
Other undisclosed comprehensive loss, net of tax, attributable to parent(1)      
Comprehensive loss, net of tax, attributable to parent:(11)(0)(6)(1)(9)(4)(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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