SORL Auto Parts, Inc. (SORL) financial statements (2020 and earlier)

Company profile

Business Address NO. 1169 YUMENG ROAD
RUIAN CITY, ZHEJIANG, 325200
State of Incorp. DE
Fiscal Year End December 31
SIC 3714 - Motor Vehicle Parts and Accessories (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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 74489149
Cash and cash equivalents 74483014
Short-term investments    6135
Restricted cash and investments 19    
Receivables 1502081077268
Inventory, net of allowances, customer advances and progress billings 204114667484
Inventory 204114667484
Prepaid expense 891135
Deferred tax assets4 332
Other current assets 166111
Other undisclosed current assets 137115432418
Total current assets: 612456239268227
Noncurrent Assets
Property, plant and equipment 9680543844
Long-term investments and receivables  16   
Due from related parties  16   
Intangible assets, net (including goodwill) 00000
Intangible assets, net (excluding goodwill) 00000
Prepaid expense 3217  0
Regulated entity, other noncurrent assets 12   
Deposits noncurrent assets    22
Restricted cash and investments 18    
Other noncurrent assets 1    
Deferred tax assets, net 4   
Other undisclosed noncurrent assets 35881314
Total noncurrent assets: 182126625360
TOTAL ASSETS: 794582301321287
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 263146874931
Accounts payable 236118663514
Accrued liabilities 2425201414
Employee-related liabilities     3
Taxes payable 231 1
Debt 119150272713
Due to related parties 62  0
Deferred revenue and credits1   
Customer advances and deposits43232019
Other liabilities 33222
Other undisclosed current liabilities 174   (3)
Total current liabilities: 5653451399863
Noncurrent Liabilities
Long-term debt and lease obligation 1437  4
Long-term debt, excluding current maturities 1437   
Capital lease obligations    4
Liabilities, other than long-term debt 9    
Accounts payable and accrued liabilities 9    
Total noncurrent liabilities: 2437  4
Total liabilities: 5893821399867
Stockholders' equity
Stockholders' equity attributable to parent 177173139200199
Common stock 00000
Additional paid in capital (29)(29)(29)4242
Accumulated other comprehensive income 71661628
Retained earnings 199186161142129
Stockholders' equity attributable to noncontrolling interest 2927232221
Total stockholders' equity: 205200162222220
TOTAL LIABILITIES AND EQUITY: 794582301321287

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
Revenues 468391272219240
Revenue, net391272219238
Cost of revenue
(Cost of Goods and Services Sold)
 (346)(286)(199)(159)(171)
Other undisclosed gross profit     (2)
Gross profit: 123104735967
Operating expenses (98)(72)(53)(45)(49)
Other undisclosed operating income 103302
Operating income: 3435231520
Nonoperating income (expense) 6(3)12(1)
Investment income, nonoperating 6011 
Other nonoperating income (expense) 0(3)01(1)
Interest and debt expense (14)(3)(1)(1)(1)
Other undisclosed income from continuing operations before equity method investments, income taxes 5211 
Income from continuing operations before income taxes: 3132251718
Income tax expense (16)(5)(3)(2)(3)
Net income: 1527211515
Net loss attributable to noncontrolling interest (3)(3)  (1)
Other undisclosed net loss attributable to parent   (2)(1) 
Net income available to common stockholders, diluted: 1324191314

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income: 1527211515
Other undisclosed comprehensive income (loss) (12)11(11)(13)6
Comprehensive income: 33811121
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (2)(4)(1)0(3)
Other undisclosed comprehensive income, net of tax, attributable to parent 3   1
Comprehensive income, net of tax, attributable to parent: 53410119

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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