Terra Tech Corp (TRTC) financial statements (2021 and earlier)

Company profile

Business Address 2040 MAIN STREET
IRVINE, CA 92614
State of Incorp. NV
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 investments3517510
Cash and cash equivalents117510
Short-term investments34    
Receivables11(1)5 
Inventory, net of allowances, customer advances and progress billings25262
Inventory25262
Prepaid expense    1
Disposal group, including discontinued operation01   
Assets held-for-sale, not part of disposal group  8  
Deposits current assets    0
Intangible current assets 15   
Other undisclosed current assets0(14)321
Total current assets:389191813
Noncurrent Assets
Property, plant and equipment3240341910
Intangible assets, net (including goodwill), including:1443182824
Goodwill628352929
Intangible assets, net (excluding goodwill)815182229
Other undisclosed intangible assets, net (including goodwill)  (35)(24)(34)
Other noncurrent assets  14 
Other undisclosed noncurrent assets1627482929
Total noncurrent assets:631101018063
TOTAL ASSETS:1001191209876
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:912452
Accrued liabilities243  
Employee-related liabilities01   
Taxes payable    1
Other undisclosed accounts payable and accrued liabilities67252
Debt811  1
Derivative instruments and hedges, liabilities   97
Disposal group, including discontinued operation105   
Business combination, contingent consideration, liability    12
Other undisclosed current liabilities  3 1
Total current liabilities:262871523
Noncurrent Liabilities
Long-term debt and lease obligation15161871
Long-term debt, excluding current maturities771871
Finance lease, liability810
Liabilities, other than long-term debt0    
Disposal group, including discontinued operation, liabilities0    
Total noncurrent liabilities:15161871
Total liabilities:4144252124
Stockholders' equity
Stockholders' equity attributable to parent, including:5975957752
Common stock00001
Treasury stock, value11   
Additional paid in capital275261235181125
Accumulated deficit(220)(190)(141)(106)(73)
Other undisclosed stockholders' equity attributable to parent3411(0)
Stockholders' equity attributable to noncontrolling interest4    
Other undisclosed stockholders' equity(9)(5)(1)(1)0
Total stockholders' equity:5570947653
Other undisclosed liabilities and equity4511(0)
TOTAL LIABILITIES AND EQUITY:1001191209876

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues1428313625
Revenue, net 25
Gain (loss) on disposition of assets for financial service operations (1)5
Cost of revenue(11)(13)(19)(30)(23)
Cost of goods and services sold  (19)(30)(23)
Gross profit:4151253
Operating expenses(25)(56)(43)(25)(21)
Other undisclosed operating income (loss)(20)2  0
Operating loss:(41)(39)(31)(20)(18)
Nonoperating income (expense)27(9)(9)(14)(10)
Debt instrument, convertible, beneficial conversion feature 6   
Interest and debt expense(3)9(12)(7)(5)
Loss from continuing operations before equity method investments, income taxes:(17)(39)(52)(41)(33)
Other undisclosed income (loss) from continuing operations before income taxes(14)(9)1275
Loss from continuing operations before income taxes:(31)(48)(39)(34)(28)
Income tax benefit2  0 
Other undisclosed income from continuing operations 47   
Loss from continuing operations:(29)(1)(39)(33)(28)
Income (loss) from discontinued operations(17)1   
Loss before gain (loss) on sale of properties:(46)(0)(39)(33)(28)
Other undisclosed net income (loss)16(47)   
Net loss:(30)(47)(39)(33)(28)
Net income (loss) attributable to noncontrolling interest  (0)11
Other undisclosed net income (loss) attributable to parent(1)(0)0  
Net loss available to common stockholders, diluted:(31)(47)(40)(33)(27)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net loss:(30)(47)(39)(33)(28)
Other comprehensive income 0   
Comprehensive loss:(30)(47)(39)(33)(28)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest  (0)11
Comprehensive loss, net of tax, attributable to parent:(30)(47)(40)(33)(27)

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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