Gree Electric Appliances, of Zhuhai (000651.SZ) Financial Statements
Price: $43.89
Market Cap: $240.30B
Avg Volume: 46.34M
Market Cap: $240.30B
Avg Volume: 46.34M
Country: CN
Industry: Furnishings, Fixtures & Appliances
Sector: Consumer Cyclical
Industry: Furnishings, Fixtures & Appliances
Sector: Consumer Cyclical
Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Gree Electric Appliances, of Zhuhai.
Income Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $205.02B | $190.15B | $189.65B | $170.50B | $200.51B | $200.02B | $150.02B | $110.21B | $101.22B | $140.72B |
| Cost of Revenue | $141.75B | $139.87B | $142.78B | $124.53B | $143.61B | $138.28B | $99.76B | $72.98B | $66.67B | $88.73B |
| Gross Profit | $63.27B | $50.28B | $46.88B | $45.96B | $56.90B | $61.74B | $50.26B | $37.23B | $34.55B | $51.98B |
| Gross Profit Ratio | 30.86% | 26.44% | 24.72% | 26.96% | 28.38% | 30.87% | 33.50% | 33.78% | 34.13% | 36.94% |
| Research and Development Expenses | $6.76B | $6.28B | $6.30B | $6.05B | $5.89B | $6.99B | $3.62B | $- | $- | $- |
| General and Administrative Expenses | $6.54B | $5.27B | $4.05B | $3.60B | $3.80B | $4.37B | $6.07B | $5.49B | $5.05B | $4.82B |
| Selling and Marketing Expenses | $17.13B | $11.29B | $11.58B | $13.04B | $18.31B | $18.90B | $16.66B | $16.48B | $15.51B | $28.89B |
| Selling General and Administrative Expenses | $23.67B | $16.55B | $15.63B | $16.65B | $22.11B | $23.27B | $22.73B | $21.97B | $20.56B | $33.71B |
| Other Expenses | $-33.05M | $732.43M | $244.49M | $-199.52M | $606.84M | $276.62M | $490.52M | $1.09B | $1.40B | $678.27M |
| Operating Expenses | $30.40B | $23.57B | $22.17B | $22.50B | $28.60B | $31.59B | $23.84B | $23.49B | $21.96B | $35.78B |
| Cost and Expenses | $171.11B | $163.43B | $164.95B | $147.03B | $172.21B | $169.87B | $123.60B | $96.47B | $88.63B | $124.51B |
| Interest Income | $6.19B | $4.65B | $4.24B | $3.71B | $3.70B | $2.38B | $2.20B | $1.48B | $1.16B | $1.25B |
| Interest Expense | $2.96B | $2.84B | $1.76B | $1.09B | $1.60B | $1.07B | $822.88M | $314.67M | $481.34M | $232.79M |
| Depreciation and Amortization | $5.28B | $4.97B | $3.60B | $3.59B | $3.19B | $3.11B | $2.03B | $1.82B | $1.30B | $1.33B |
| EBITDA | $40.97B | $35.13B | $32.23B | $31.03B | $32.55B | $35.59B | $29.68B | $20.72B | $16.72B | $18.37B |
| EBITDA Ratio | 19.98% | 18.47% | 16.99% | 18.20% | 16.23% | 17.79% | 19.78% | 18.80% | 16.52% | 13.05% |
| Operating Income | $32.86B | $27.28B | $26.68B | $26.04B | $29.61B | $31.00B | $26.13B | $17.46B | $13.52B | $16.09B |
| Operating Income Ratio | 16.03% | 14.35% | 14.07% | 15.28% | 14.77% | 15.50% | 17.42% | 15.84% | 13.35% | 11.43% |
| Total Other Income Expenses Net | $-49.08M | $-66.71M | $125.87M | $265.42M | $-252.40M | $276.06M | $490.02M | $1.07B | $1.39B | $663.20M |
| Income Before Tax | $32.82B | $27.22B | $26.80B | $26.31B | $29.35B | $31.27B | $26.62B | $18.53B | $14.91B | $16.75B |
| Income Before Tax Ratio | 16.01% | 14.31% | 14.13% | 15.43% | 14.64% | 15.63% | 17.74% | 16.81% | 14.73% | 11.91% |
| Income Tax Expense | $5.10B | $4.21B | $3.97B | $4.03B | $4.53B | $4.89B | $4.11B | $3.01B | $2.29B | $2.50B |
| Net Income | $29.02B | $24.51B | $23.06B | $22.18B | $24.70B | $26.20B | $22.40B | $15.42B | $12.53B | $14.16B |
| Net Income Ratio | 14.15% | 12.89% | 12.16% | 13.01% | 12.32% | 13.10% | 14.93% | 13.99% | 12.38% | 10.06% |
| EPS | $5.22 | $4.46 | $4.04 | $3.71 | $4.11 | $4.36 | $3.72 | $2.57 | $2.08 | $2.35 |
| EPS Diluted | $5.22 | $4.46 | $4.04 | $3.71 | $4.11 | $4.36 | $3.72 | $2.57 | $2.08 | $2.35 |
| Weighted Average Shares Outstanding | 5.56B | 5.49B | 5.71B | 5.98B | 6.02B | 6.01B | 6.02B | 6.02B | 6.02B | 6.02B |
| Weighted Average Shares Outstanding Diluted | 5.56B | 5.49B | 5.71B | 5.98B | 6.02B | 6.01B | 6.02B | 6.02B | 6.03B | 6.02B |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $124.10B | $157.48B | $116.94B | $136.41B | $125.40B | $113.08B | $99.61B | $95.61B | $88.82B | $54.55B |
| Short Term Investments | $37.90B | $3.87B | $-4.62B | $370.82M | $955.21M | $1.01B | $602.05M | $-5.34B | $1.00B | $-6.98B |
| Cash and Short Term Investments | $158.06B | $161.35B | $116.94B | $136.78B | $126.36B | $114.09B | $100.21B | $95.61B | $88.82B | $54.55B |
| Net Receivables | $27.26B | $44.34B | $40.61B | $29.79B | $43.76B | $41.94B | $-19.54M | $32.79B | $17.76B | $53.14B |
| Inventory | $32.58B | $38.31B | $42.77B | $27.88B | $24.08B | $20.01B | $16.57B | $9.02B | $9.47B | $8.60B |
| Other Current Assets | $10.25B | $11.13B | $25.54B | $19.18B | $19.17B | $23.48B | $54.77B | $5.35B | $3.32B | $3.86B |
| Total Current Assets | $228.14B | $255.14B | $225.85B | $213.63B | $213.36B | $199.71B | $171.53B | $142.91B | $120.95B | $120.14B |
| Property Plant Equipment Net | $42.83B | $39.99B | $37.68B | $23.01B | $21.55B | $20.05B | $18.50B | $18.30B | $17.50B | $16.20B |
| Goodwill | $1.45B | $1.66B | $707.63M | $201.90M | $325.92M | $51.80M | $- | $- | $- | $- |
| Intangible Assets | $10.83B | $11.62B | $9.92B | $5.88B | $5.31B | $5.20B | $3.60B | $3.36B | $2.66B | $2.48B |
| Goodwill and Intangible Assets | $12.28B | $13.28B | $10.62B | $6.08B | $5.63B | $5.26B | $3.60B | $3.36B | $2.66B | $2.48B |
| Long Term Investments | $27.11B | $25.61B | $31.06B | $18.04B | $13.05B | $3.45B | $1.68B | $6.82B | $1.80B | $9.22B |
| Tax Assets | $16.56B | $14.60B | $13.66B | $11.55B | $12.54B | $11.35B | $10.84B | $9.67B | $8.76B | $8.19B |
| Other Non-Current Assets | $41.14B | $6.40B | $716.25M | $6.90B | $16.83B | $11.41B | $8.80B | $1.31B | $10.03B | $-7.72M |
| Total Non-Current Assets | $139.91B | $99.88B | $93.75B | $65.58B | $69.61B | $51.52B | $43.43B | $39.46B | $40.75B | $36.09B |
| Other Assets | $1 | $- | $- | $1 | $1 | $- | $- | $1 | $1 | $- |
| Total Assets | $368.05B | $355.02B | $319.60B | $279.22B | $282.97B | $251.23B | $214.97B | $182.37B | $161.70B | $156.23B |
| Account Payables | $29.55B | $52.84B | $64.16B | $24.34B | $33.49B | $49.82B | $44.32B | $31.49B | $24.89B | $33.67B |
| Short Term Debt | $26.44B | $54.52B | $34.79B | $21.08B | $19.02B | $22.07B | $18.65B | $2.98B | $8.69B | $6.24B |
| Tax Payables | $2.54B | $3.82B | $2.23B | $2.30B | $3.70B | $4.85B | $3.91B | $3.13B | $2.98B | $8.31B |
| Deferred Revenue | $- | $14.97B | $28.15B | $19.99B | $10.20B | $4.85B | $9.47B | $7.72B | $9.09B | $13.46B |
| Other Current Liabilities | $142.44B | $105.20B | $95.92B | $110.78B | $113.36B | $76.10B | $71.15B | $73.81B | $76.07B | $60.17B |
| Total Current Liabilities | $200.98B | $216.37B | $197.10B | $158.48B | $169.57B | $157.69B | $147.49B | $126.88B | $112.63B | $108.39B |
| Long Term Debt | $39.80B | $30.93B | $8.96B | $1.87B | $46.89M | $- | $- | $4.27M | $8.00M | $2.26B |
| Deferred Revenue Non-Current | $3.70M | $3.34B | $2.70B | $437.03M | $240.50M | $166.29M | $126.22M | $172.08M | $134.57M | $88.44M |
| Deferred Tax Liabilities Non-Current | $2.87B | $2.23B | $2.29B | $1.41B | $927.79M | $536.19M | $403.49M | $280.01M | $244.14M | $256.85M |
| Other Non-Current Liabilities | $3.75B | $3.62B | $610.60M | $577.48M | $381.53M | $130.84M | $112.71M | $113.46M | $119.52M | $106.72M |
| Total Non-Current Liabilities | $46.42B | $36.78B | $14.57B | $3.86B | $1.36B | $833.32M | $642.41M | $569.82M | $506.23M | $2.71B |
| Other Liabilities | $-11 | $- | $- | $1 | $1 | $1 | $1 | $- | $1 | $- |
| Total Liabilities | $247.41B | $253.15B | $211.67B | $162.34B | $170.92B | $158.52B | $148.13B | $127.45B | $113.13B | $111.10B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $1 | $- | $1 | $- |
| Common Stock | $5.63B | $5.63B | $5.91B | $6.02B | $6.02B | $6.02B | $6.02B | $6.02B | $6.02B | $3.01B |
| Retained Earnings | $112.21B | $91.46B | $103.48B | $102.84B | $93.79B | $81.94B | $55.74B | $44.07B | $37.74B | $34.84B |
| Accumulated Other Comprehensive Income Loss | $3.89B | $5.31B | $13.84B | $11.49B | $10.32B | $3.28B | $3.83B | $3.62B | $3.66B | $17.75M |
| Other Total Stockholders Equity | $-4.94B | $-5.64B | $-19.58B | $-5.16B | $4.08B | $3.30B | $104.97M | $3.73B | $106.50M | $6.27B |
| Total Stockholders Equity | $116.79B | $96.76B | $103.65B | $115.19B | $110.15B | $91.33B | $65.60B | $53.86B | $47.52B | $44.15B |
| Total Equity | $120.65B | $101.88B | $107.93B | $116.88B | $112.05B | $92.71B | $66.83B | $54.92B | $48.57B | $45.13B |
| Total Liabilities and Stockholders Equity | $368.05B | $355.02B | $319.60B | $279.22B | $282.97B | $251.23B | $214.97B | $182.37B | $161.70B | $156.23B |
| Minority Interest | $3.85B | $5.12B | $4.27B | $1.69B | $1.89B | $1.39B | $1.24B | $1.06B | $1.05B | $978.80M |
| Total Liabilities and Total Equity | $368.05B | $355.02B | $319.60B | $279.22B | $282.97B | $251.23B | $214.97B | $182.37B | $161.70B | $156.23B |
| Total Investments | $65.00B | $29.48B | $26.44B | $18.41B | $14.01B | $4.47B | $2.29B | $1.49B | $2.80B | $2.24B |
| Total Debt | $66.25B | $84.08B | $38.88B | $22.94B | $19.07B | $22.07B | $18.65B | $10.71B | $8.69B | $8.50B |
| Net Debt | $-11.72B | $-73.40B | $-78.06B | $-113.47B | $-106.33B | $-91.01B | $-80.96B | $-84.91B | $-80.13B | $-46.04B |
Cash Flow Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $29.02B | $23.01B | $22.83B | $22.28B | $24.83B | $26.38B | $22.51B | $15.52B | $12.62B | $14.25B |
| Depreciation and Amortization | $5.28B | $4.97B | $3.64B | $3.59B | $3.19B | $3.11B | $2.03B | $1.81B | $1.30B | $1.33B |
| Deferred Income Tax | $- | $-705.21M | $18.94M | $1.28B | $-1.19B | $-356.81M | $-1.03B | $-915.55M | $-543.82M | $- |
| Stock Based Compensation | $1.41B | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Change in Working Capital | $29.59B | $1.24B | $-23.68B | $-5.69B | $10.25B | $-7.26B | $-6.74B | $-907.14M | $31.83B | $3.97B |
| Accounts Receivables | $12.31B | $6.52B | $-2.98B | $15.24B | $-3.66B | $-10.63B | $-7.86B | $-5.14B | $34.39B | $-5.98B |
| Inventory | $3.66B | $5.51B | $-13.23B | $-3.73B | $-4.05B | $-3.00B | $-7.58B | $421.52M | $-902.22M | $4.57B |
| Accounts Payables | $15.00B | $-10.08B | $-7.48B | $-18.48B | $19.09B | $6.73B | $9.71B | $4.76B | $-1.11B | $- |
| Other Working Capital | $-1.38B | $-705.21M | $18.94M | $1.28B | $-1.13B | $-4.26B | $839.44M | $-1.33B | $32.73B | $-602.37M |
| Other Non Cash Items | $-8.91B | $-222.27M | $-904.43M | $-940.76M | $-10.37B | $4.72B | $-1.44B | $-1.57B | $-1.38B | $-613.75M |
| Net Cash Provided by Operating Activities | $56.40B | $28.67B | $1.89B | $19.24B | $27.89B | $26.94B | $16.36B | $14.86B | $44.38B | $18.94B |
| Investments in Property Plant and Equipment | $-5.43B | $-6.04B | $-5.73B | $-4.53B | $-4.71B | $-3.84B | $-2.42B | $-3.28B | $-2.88B | $-1.78B |
| Acquisitions Net | $-239.34M | $-1.96B | $-1.73B | $-425.88M | $-774.18M | $-1.03B | $3.55M | $27.20M | $1.23M | $1.75M |
| Purchases of Investments | $-84.27B | $-13.47B | $-18.15B | $-3.56B | $-7.19B | $-15.48B | $-12.42B | $-1.50B | $-2.83B | $-2.33B |
| Sales Maturities of Investments | $21.85B | $6.99B | $7.51B | $9.83B | $3.56B | $7.29B | $3.56B | $3.41B | $1.03B | $704.70M |
| Other Investing Activities | $26.37B | $-22.58B | $47.86B | $-1.21B | $-2.15B | $-8.79B | $-50.97B | $-17.91B | $-31.85M | $539.22M |
| Net Cash Used for Investing Activities | $-41.71B | $-37.06B | $29.75B | $97.73M | $-11.28B | $-21.85B | $-62.25B | $-19.25B | $-4.71B | $-2.86B |
| Debt Repayment | $-18.39B | $42.02B | $30.93B | $8.12B | $-6.39B | $3.41B | $- | $- | $- | $2.58B |
| Common Stock Issued | $- | $- | $21.82B | $5.18B | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $-3.00B | $- | $-21.82B | $-5.18B | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $-5.61B | $-22.22B | $-16.75B | $-13.14B | $-12.63B | $-862.91M | $-11.12B | $-9.18B | $-9.53B | $-4.68B |
| Other Financing Activities | $7.64B | $-9.87B | $-17.69B | $-10.23B | $-199.50M | $-30.05M | $8.87B | $3.43B | $1.84B | $235.62M |
| Net Cash Used Provided by Financing Activities | $-16.36B | $9.92B | $-25.33B | $-21.11B | $-19.22B | $2.51B | $-2.27B | $-5.75B | $-7.68B | $-1.86B |
| Effect of Forex Changes on Cash | $136.15M | $268.52M | $-589.07M | $-372.39M | $203.76M | $-196.37M | $-1.80B | $4.09B | $1.88B | $34.57M |
| Net Change in Cash | $-840.46M | $1.80B | $5.73B | $-2.15B | $-2.40B | $7.41B | $-49.96B | $-6.04B | $33.86B | $14.25B |
| Cash at End of Period | $30.91B | $31.75B | $29.95B | $24.23B | $26.37B | $28.77B | $21.36B | $71.32B | $77.37B | $43.51B |
| Cash at Beginning of Period | $31.75B | $29.95B | $24.23B | $26.37B | $28.77B | $21.36B | $71.32B | $77.37B | $43.51B | $29.26B |
| Operating Cash Flow | $56.40B | $28.67B | $1.89B | $19.24B | $27.89B | $26.94B | $16.36B | $14.86B | $44.38B | $18.94B |
| Capital Expenditure | $-5.43B | $-6.04B | $-5.73B | $-4.53B | $-4.71B | $-3.84B | $-2.42B | $-3.28B | $-2.88B | $-1.78B |
| Free Cash Flow | $50.97B | $22.63B | $-3.83B | $14.71B | $23.18B | $23.10B | $13.93B | $11.58B | $41.49B | $17.16B |