TPI Composites, Inc. (TPIC) financial statements (2021 and earlier)

Company profile

Business Address 8501 N SCOTTSDALE ROAD
SCOTTSDALE, AZ 85253
State of Incorp.
Fiscal Year End December 31
SIC 351 - Engines And Turbines (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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1307085148119
Cash and cash equivalents1307085148119
Restricted cash and investments01442
Receivables13318418813373
Inventory, net of allowances, customer advances and progress billings11766753
Inventory11766753
Prepaid expense3010998
Contract with customer, asset217167117
Deposits current assets  668
Other current assets2830 10
Other undisclosed current assets  06561
Total current assets:548468414433325
Noncurrent Assets
Operating lease, right-of-use asset159122
Property, plant and equipment20920515912391
Intangible assets, net (including goodwill)77733
Goodwill33333
Intangible assets, net (excluding goodwill)44400
Other noncurrent assets3324241418
Total noncurrent assets:408358191141112
TOTAL ASSETS:956827605574437
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:296293199167112
Accrued liabilities5148372920
Other undisclosed accounts payable and accrued liabilities24524516213892
Deferred revenue13
Debt3314273633
Deferred revenue and credits8170
Customer advances and deposits101
Contract with customer, liability7
Other undisclosed current liabilities7764372920
Total current liabilities:406374270323237
Noncurrent Liabilities
Long-term debt and lease obligation, including:1841281118690
Operating lease, liability156114
Other undisclosed long-term debt and lease obligation28141118690
Liabilities, other than long-term debt96344
Other liabilities96344
Other undisclosed noncurrent liabilities156114   
Total noncurrent liabilities:3492481149094
Total liabilities:755622384413331
Stockholders' equity
Stockholders' equity attributable to parent201205221161107
Common stock00000
Treasury stock, value(6)(4)(2)(1) 
Additional paid in capital349323312302293
Accumulated other comprehensive loss(33)(24)(14)(1)(4)
Accumulated deficit(110)(91)(75)(140)(183)
Total stockholders' equity:201205221161107
TOTAL LIABILITIES AND EQUITY:956827605574437

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues1,6701,4371,030930755
Revenue, net930755
Cost of revenue(1,606)(1,359)(957)(818)(678)
Cost of goods and services sold(1,561)(1,291)(882)(777)(660)
Gross profit:64787311377
Operating expenses(38)(44)(48)(40)(34)
Other undisclosed operating loss(8)(18)   
Operating income:1916257243
Nonoperating expense(27)(8)(22)(16)(22)
Foreign currency transaction loss, before tax(20)(4)(13)(4)(1)
Other nonoperating income445  
Interest and debt expense(11)(8)(3)(12)(4)
Income (loss) from continuing operations before equity method investments, income taxes:(18)(1)(1)4416
Other undisclosed income from continuing operations before income taxes1183124
Income (loss) from continuing operations before income taxes:(8)725721
Income tax expense (benefit)(11)(23)3(13)(7)
Net income (loss) attributable to parent:(19)(16)54414
Preferred stock dividends and other adjustments    (5)
Net income (loss) available to common stockholders, diluted:(19)(16)5448

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):(19)(16)54414
Other comprehensive income (loss)(9)(9)(14)3(4)
Comprehensive income (loss), net of tax, attributable to parent:(28)(25)(9)4710

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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