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)

12/31/2020
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 investments69503443282017
Cash and cash equivalents67483341271816
Short-term investments2212211
Receivables971191011191038879
Inventory, net of allowances, customer advances and progress billings81839272554629
Inventory81839272554629
Prepaid expense  11131
Contract with customer, asset264246
Deferred costs   (7)   
Other current assets14291918168 
Other undisclosed current assets   177215
Total current assets:287323293262211167141
Noncurrent Assets
Property, plant and equipment152155149169171136104
Long-term investments and receivables, including:5147   0121
Long-term investments4846   149114
Accounts and financing receivable, after allowance for credit loss3     2
Due from related parties02    4
Other undisclosed long-term investments and receivables     (149) 
Intangible assets, net (including goodwill), including:2930333563 
Goodwill2424242311 
Intangible assets, net (excluding goodwill)5791251 
Other undisclosed intangible assets, net (including goodwill)     1 
Contract with customer, asset, net1077
Deferred income tax assets05
Other noncurrent assets3333766
Deferred tax assets, net5  1 
Other undisclosed noncurrent assets     2(117)
Total noncurrent assets:245247196206184149114
TOTAL ASSETS:532570490468395316256
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:42628177643933
Accounts payable  665543  
Accrued liabilities      1
Employee-related liabilities   211 
Taxes payable  71217188
Interest and dividends payable98883  
Other undisclosed accounts payable and accrued liabilities3454   2025
Deferred revenue2512
Debt21622331755
Due to related parties5421411
Deferred tax liabilities   3 
Customer advances and deposits118126
Contract with customer, liability17
Other liabilities10162    
Other undisclosed current liabilities919 29 6417
Total current liabilities:9212912312178137113
Noncurrent Liabilities
Long-term debt and lease obligation22324422122119712139
Long-term debt, excluding current maturities22324422122119712139
Liabilities, other than long-term debt5154658
Customer advances or deposits2248
Deferred revenue10
Contract with customer, liability1
Deferred tax liabilities, net3240 
Deferred income tax liabilities30
Due to related parties111    
Other undisclosed noncurrent liabilities 99  2020
Total noncurrent liabilities:22825323422520314668
Total liabilities:319382357346281283181
Stockholders' equity
Stockholders' equity attributable to parent, including:2121871321201143375
Preferred stock      0
Common stock000000 
Additional paid in capital2192081581251154647
Accumulated other comprehensive loss(44)(39)(37)(29)(29)(31)(11)
Retained earnings34161022271739
Other undisclosed stockholders' equity attributable to parent2111111
Stockholders' equity attributable to noncontrolling interest1111   
Total stockholders' equity:2131871331221143375
TOTAL LIABILITIES AND EQUITY:532570490468395316256

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
Revenues375431371314305239197
Revenue, net314305239197
Cost of revenue
(Cost of Goods and Services Sold)
(236)(295)(251)(215)(192)(153)(136)
Gross profit:139136120991138661
Operating expenses(73)(77)(73)(65)(65)(46)(34)
Operating income:66594734483927
Nonoperating income (expense)(9)23342423
Foreign currency transaction gain (loss), before tax(9)(1)(14)(3)(1)1011
Other nonoperating income     1412
Interest and debt expense(22)(23)(21)(23)(17)(9)(9)
Income from continuing operations before equity method investments, income taxes:36382915355441
Income from equity method investments11     
Other undisclosed income (loss) from continuing operations before income taxes (1)(14)(3)4(46)(13)
Income from continuing operations before income taxes:3737141239829
Income tax expense(13)(13)(6)(6)(16)(21)(9)
Net income (loss):24248623(13)20
Net income (loss) attributable to noncontrolling interest001(0)   
Net income (loss) available to common stockholders, diluted:24259523(13)20

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 income (loss):24248623(13)20
Other undisclosed comprehensive loss(4)(2)(8)    
Comprehensive income (loss):20221623(13)20
Comprehensive income (loss), net of tax, attributable to noncontrolling interest001(1)   
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  (1)22(20)(16)
Comprehensive income (loss), net of tax, attributable to parent:20220625(33)4

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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