Tecnoglass Inc. (TGLS) financial statements (2021 and earlier)

Company profile

Business Address AVENIDA CIRCUNVALAR A 100 MTS DE LA VIA
BARRIO LAS FLORES BARRANQUILLA, XXXXX
State of Incorp.
Fiscal Year End December 31
SIC 3211 - Flat Glass (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5034432820174
Cash and cash equivalents4833412718163
Short-term investments2122111
Receivables119101119103887978
Inventory, net of allowances, customer advances and progress billings83927255462924
Inventory83927255462924
Prepaid expense 111311
Contract with customer, asset4246
Deferred costs  (7)    
Other current assets291918168  
Other undisclosed current assets  17721553
Total current assets:323293262211167141161
Noncurrent Assets
Property, plant and equipment15514916917113610487
Long-term investments and receivables, including:47   01214
Long-term investments46   149114 
Accounts and financing receivable, after allowance for credit loss     24
Due from related parties2    4 
Other undisclosed long-term investments and receivables    (149)  
Intangible assets, net (including goodwill), including:30333563 
Goodwill24242311  
Intangible assets, net (excluding goodwill)791251  
Other undisclosed intangible assets, net (including goodwill)    1 
Contract with customer, asset, net77
Deferred income tax assets5
Other noncurrent assets3337660
Deferred tax assets, net5  1  
Other undisclosed noncurrent assets    2(117)(4)
Total noncurrent assets:24719620618414911488
TOTAL ASSETS:570490468395316256248
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:62817764393344
Accounts payable 665543  38
Accrued liabilities     11
Employee-related liabilities  211  
Taxes payable 712171885
Interest and dividends payable8883   
Other undisclosed accounts payable and accrued liabilities54   2025 
Deferred revenue12
Debt162233175530
Due to related parties421411 
Deferred tax liabilities   3  
Customer advances and deposits118126
Contract with customer, liability17
Other liabilities162     
Other undisclosed current liabilities19 29 641735
Total current liabilities:12912312178137113108
Noncurrent Liabilities
Long-term debt and lease obligation2442212211971213948
Long-term debt, excluding current maturities2442212211971213948
Liabilities, other than long-term debt1546588
Customer advances or deposits22488
Deferred revenue0
Contract with customer, liability1
Deferred tax liabilities, net3240  
Deferred income tax liabilities0
Due to related parties11     
Other undisclosed noncurrent liabilities99  202018
Total noncurrent liabilities:2532342252031466875
Total liabilities:382357346281283181183
Stockholders' equity
Stockholders' equity attributable to parent, including:187132120114337565
Preferred stock     0 
Common stock00000 0
Common stock, share subscribed but unissued, subscriptions receivable      (7)
Additional paid in capital208158125115464741
Accumulated other comprehensive income (loss)(39)(37)(29)(29)(31)(11)5
Retained earnings16102227173918
Other undisclosed stockholders' equity attributable to parent1111118
Stockholders' equity attributable to noncontrolling interest111    
Total stockholders' equity:187133122114337565
TOTAL LIABILITIES AND EQUITY:570490468395316256248

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues431371314305239197183
Revenue, net314305239197219
Cost of revenue
(Cost of Goods and Services Sold)
(295)(251)(215)(192)(153)(136)(128)
Gross profit:13612099113866155
Operating expenses(77)(73)(65)(65)(46)(34)(28)
Operating income:59473448392727
Nonoperating income233424234
Foreign currency transaction gain (loss), before tax(1)(14)(3)(1)1011 
Other nonoperating income    14124
Interest and debt expense(23)(21)(23)(17)(9)(9)(8)
Income from continuing operations before equity method investments, income taxes:38291535544123
Income from equity method investments1      
Other undisclosed income (loss) from continuing operations before income taxes(1)(14)(3)4(46)(13)8
Income from continuing operations before income taxes:3714123982931
Income tax expense(13)(6)(6)(16)(21)(9)(9)
Net income (loss):248623(13)2022
Net income (loss) attributable to noncontrolling interest01(0)    
Net income (loss) available to common stockholders, diluted:259523(13)2022

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):248623(13)2022
Other undisclosed comprehensive loss(2)(8)     
Comprehensive income (loss):221623(13)2022
Comprehensive income (loss), net of tax, attributable to noncontrolling interest01(1)    
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (1)22(20)(16)(1)
Comprehensive income (loss), net of tax, attributable to parent:220625(33)421

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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