Balance Sheet Xebec Adsorption Inc.

Equities

XEBEQ

CA9838911027

Electric Utilities

Market Closed - OTC Markets Other stock markets 01:40:39 2024-09-03 pm EDT			5-day change	1st Jan Change
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2023	Sullair, LLC acquired California Compression, LLC and CDA Systems LLC from Xebec Adsorption Inc. (OTCPK:XEBE.Q).	CI
2023	FORUM Family Office GmbH acquired Tiger Filtration Limited from Xebec Adsorption Inc. (OTCPK:XEBE.Q).	CI

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Published financial data: XEBEC ADSORPTION INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2017	2018	2019	2020	2021
Revenues	14.75M	20.21M	49.32M	56.52M	123M
Total Revenues	14.75M	20.21M	49.32M	56.52M	123M
Cost of Goods Sold, Total	8.98M	14.52M	33.83M	56.25M	96.4M
Gross Profit	5.77M	5.69M	15.49M	266K	26.52M
Selling General & Admin Expenses, Total	5.22M	7.22M	10.97M	24.76M	51.81M
R&D Expenses	-31.11K	92.07K	71.5K	1.22M	1.58M
Other Operating Expenses	-	-	-	-	-1.6M
Other Operating Expenses, Total	5.19M	7.31M	11.04M	25.98M	51.8M
Operating Income	582K	-1.62M	4.45M	-25.72M	-25.28M
Interest Expense, Total	-934K	-1.32M	-1.3M	-2.36M	-6.02M
Interest And Investment Income	122K	1.61K	32.25K	343K	1.04M
Net Interest Expenses	-812K	-1.32M	-1.26M	-2.01M	-4.98M
Income (Loss) On Equity Invest.	-	-	-	-	703K
Currency Exchange Gains (Loss)	-129K	36.39K	-127K	-320K	341K
Other Non Operating Income (Expenses)	22.64K	-	-352K	-735K	-1.5M
EBT, Excl. Unusual Items	-336K	-2.9M	2.71M	-28.79M	-30.72M
Merger & Related Restructuring Charges	-	-	-330K	-3.18M	-5.21M
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	21.12M
Gain (Loss) On Sale Of Assets	-	-	-	-	-6K
Asset Writedown	-	-	-	-	-8K
Insurance Settlements	132K	-	-	-	-
Other Unusual Items	300K	-	-	-	-6.06M
EBT, Incl. Unusual Items	96.75K	-2.9M	2.38M	-31.97M	-20.88M
Income Tax Expense	-	-	357K	-9K	2.57M
Earnings From Continuing Operations	96.75K	-2.9M	2.02M	-31.96M	-23.45M
Net Income to Company	96.75K	-2.9M	2.02M	-31.96M	-23.45M
Minority Interest	-	-	-	-	-
Net Income - (IS)	96.75K	-2.9M	2.02M	-31.96M	-23.45M
Net Income to Common Incl Extra Items	96.75K	-2.9M	2.02M	-31.96M	-23.45M
Net Income to Common Excl. Extra Items	96.75K	-2.9M	2.02M	-31.96M	-23.45M
Per Share Items
Net EPS - Basic	0	-0.07	0.03	-0.33	-0.15
Basic EPS - Continuing Operations	0	-0.07	0.03	-0.33	-0.15
Basic Weighted Average Shares Outstanding	40.56M	42.74M	64.32M	96.49M	153M
Net EPS - Diluted	0	-0.07	0.03	-0.33	-0.15
Diluted EPS - Continuing Operations	0	-0.07	0.03	-0.33	-0.15
Diluted Weighted Average Shares Outstanding	45.24M	42.74M	68.6M	96.49M	153M
Normalized Basic EPS	-0.01	-0.04	0.03	-0.19	-0.13
Normalized Diluted EPS	-0	-0.04	0.02	-0.19	-0.13
Supplemental Items
EBITDA	670K	-1.54M	4.65M	-24.69M	-16.78M
EBITA	582K	-1.62M	4.5M	-25.06M	-19.63M
EBIT	582K	-1.62M	4.45M	-25.72M	-25.28M
EBITDAR	1.11M	-1.1M	4.93M	-24.4M	-13.4M
Total Revenues (As Reported)	-	-	-	-	126M
Effective Tax Rate - (Ratio)	-	-	15.02	0.03	-12.31
Total Current Taxes	-	-	-	-	936K
Total Deferred Taxes	-	-	-	-	1.56M
Normalized Net Income	-210K	-1.82M	1.69M	-17.99M	-19.2M
Interest on Long-Term Debt	197K	527K	800K	1.27M	4.97M
Supplemental Operating Expense Items
Advertising Expense	-	217K	224K	622K	-
Research And Development Expense From Footnotes	60.33K	152K	104K	1.37M	1.63M
Net Rental Expense, Total	441K	444K	283K	295K	3.38M
Imputed Operating Lease Interest Expense	1.26M	1.27M	656K	174K	2.23M
Imputed Operating Lease Depreciation	-817K	-831K	-373K	120K	1.15M
Stock-Based Comp., Other (Total)	373K	353K	408K	1.05M	988K
Total Stock-Based Compensation	373K	353K	408K	1.05M	988K

Fiscal Period: December	2017	2018	2019	2020	2021
Assets
Cash And Equivalents	1.34M	2.38M	22.36M	161M	39.9M
Total Cash And Short Term Investments	1.34M	2.38M	22.36M	161M	39.9M
Accounts Receivable, Total	2.67M	5.77M	19.53M	25.04M	47.97M
Other Receivables	1.48M	1.11M	1.82M	3.44M	6.9M
Total Receivables	4.15M	6.88M	21.35M	28.48M	54.88M
Inventory	1.96M	3.34M	6.24M	21.15M	52.69M
Prepaid Expenses	-	-	663K	1.13M	1.45M
Restricted Cash	-	1.54M	325K	7.64M	11.21M
Other Current Assets, Total	260K	261K	2.79M	6.79M	7.1M
Total Current Assets	7.71M	14.4M	53.73M	226M	167M
Gross Property Plant And Equipment	1.22M	1.33M	4.61M	39.3M	51.23M
Accumulated Depreciation	-1.01M	-1.05M	-1.59M	-2.72M	-8.54M
Net Property Plant And Equipment	209K	282K	3.03M	36.58M	42.69M
Long-term Investments	-	-	-	116K	21.66M
Goodwill	-	-	5.05M	163M	163M
Other Intangibles, Total	325K	373K	2.71M	10.82M	88.82M
Accounts Receivable Long-Term	-	-	-	3.02M	9.05M
Deferred Charges Long-Term	92.9K	32.68K	0	5.17M	3.62M
Other Long-Term Assets, Total	-	-	-	53.25K	46K
Total Assets	8.34M	15.09M	64.52M	445M	497M
Liabilities
Accounts Payable, Total	2.74M	1.73M	9.26M	20.06M	24.08M
Accrued Expenses, Total	753K	868K	3.06M	7.03M	8.35M
Short-term Borrowings	1.44M	-	-	974K	5M
Current Portion of Long-Term Debt	3.57K	1.78M	503K	12.46M	10.06M
Current Portion of Leases	18.67K	-	459K	1.59M	3.67M
Current Income Taxes Payable	-	-	370K	305K	2.14M
Unearned Revenue Current, Total	721K	4.37M	2.38M	7.51M	29.73M
Other Current Liabilities	195K	402K	759K	4.98M	2.1M
Total Current Liabilities	5.87M	9.15M	16.79M	54.91M	85.14M
Long-Term Debt	2.22M	1.9M	2.35M	36.43M	58.9M
Long-Term Leases	-	-	1.94M	6.2M	10.45M
Unearned Revenue Non Current	-	-	-	-	-
Deferred Tax Liability Non Current	81.99K	81.99K	203K	2.58M	24.24M
Other Non Current Liabilities	4.56M	4.58M	4.28M	532K	3.05M
Total Liabilities	12.73M	15.71M	25.56M	101M	182M
Common Stock, Total	19.7M	26.51M	63.48M	397M	399M
Additional Paid In Capital	3.34M	3.69M	4.57M	8.14M	15.34M
Retained Earnings	-26.68M	-29.87M	-27.85M	-59.81M	-83.26M
Comprehensive Income and Other	-758K	-951K	-1.25M	-914K	-15.84M
Total Common Equity	-4.39M	-620K	38.96M	344M	315M
Minority Interest	-	-	-	-	-
Total Equity	-4.39M	-620K	38.96M	344M	315M
Total Liabilities And Equity	8.34M	15.09M	64.52M	445M	497M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	42.5M	57.53M	86.2M	152M	155M
ECS Total Common Shares Outstanding	42.5M	57.02M	84.38M	152M	155M
Book Value / Share	-0.1	-0.01	0.46	2.26	2.03
Tangible Book Value	-4.72M	-993K	31.19M	170M	62.53M
Tangible Book Value Per Share	-0.11	-0.02	0.37	1.12	0.4
Total Debt	3.68M	3.68M	5.25M	57.65M	88.09M
Net Debt	2.34M	1.3M	-17.11M	-103M	48.19M
Debt Equivalent Oper. Leases	3.52M	3.55M	2.26M	2.36M	27.02M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	1.38M	2.3M	4.5M	11.96M	41.12M
Inventories - Work In Process, Total	582K	1.04M	1.75M	8.23M	10.5M
Inventories - Finished Goods, Total	-	-	-	-	-
Inventories - Others	-	-	-	961K	1.07M
Machinery, Total	1.17M	1.25M	1.84M	11.28M	11.9M
Full Time Employees	85	107	159	401	600
Part Time Employees	-	-	-	-	-
Assets under Capital Lease - Gross	54.29K	58.05K	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-4.88K	-14.45K	-	-	-
Assets on Operating Lease - Gross	-	-	-	8.43M	10.71M
Assets on Operating Lease - Accumulated Depreciation	-	-	-	-	-920K
Accumulated Allowance for Doubtful Accounts (Supple)	89.56K	432K	534K	1.41M	1.54M
Order Backlog	13.9M	78.3M	99.3M	100M	124M

Fiscal Period: December	2017	2018	2019	2020	2021
Net Income	96.75K	-2.9M	2.02M	-31.96M	-23.45M
Depreciation & Amortization - CF	87.58K	78.69K	572K	1.13M	5.82M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	54.97K	656K	5.66M
Depreciation & Amortization, Total	87.58K	78.69K	627K	1.79M	11.47M
Amortization of Deferred Charges, Total - (CF)	80.32K	139K	1.21M	2.49M	692K
(Gain) Loss From Sale Of Asset	-	-	-	-	-2.15M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-18.97M
Asset Writedown & Restructuring Costs	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-703K
Stock-Based Compensation (CF)	373K	353K	408K	1.05M	988K
Provision and Write-off of Bad Debts	-315K	-	-	-	-
Other Operating Activities, Total	-567K	560K	193K	486K	2.89M
Change In Accounts Receivable	-1.37M	-2.73M	-14.23M	3.23M	-16.43M
Change In Inventories	-445K	-1.23M	-2.04M	-9.3M	-25.63M
Change In Accounts Payable	660K	-903K	8.23M	4.37M	-4.64M
Change in Unearned Revenues	-222K	3.65M	-2.06M	252K	19.29M
Change In Income Taxes	-	-	335K	-500K	-263K
Change In Deferred Taxes	32.01K	-	-	-	-
Change in Other Net Operating Assets	-268K	32.72K	-156K	1.33M	207K
Cash from Operations	-1.85M	-2.96M	-5.46M	-26.76M	-56.7M
Capital Expenditure	-26.11K	-147K	-305K	-492K	-9.58M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-	-	-7.59M	-70.83M	-71.48M
Sale (Purchase) of Intangible assets	-309K	-139K	-2.68M	-775K	-1.95M
Investment in Marketable and Equity Securities, Total	-	-	-	-116K	-
Other Investing Activities, Total	-	13.63K	-	-	-4.15M
Cash from Investing	-335K	-273K	-10.57M	-72.21M	-87.16M
Short Term Debt Issued, Total	1.44M	-	-	974K	4.99M
Long-Term Debt Issued, Total	2.04M	1.9M	-	4.91M	19.04M
Total Debt Issued	3.47M	1.9M	-	5.89M	24.02M
Short Term Debt Repaid, Total	-755K	-1.44M	-	-	-
Long-Term Debt Repaid, Total	-24.3K	-22.24K	-339K	-7.34M	-14.86M
Total Debt Repaid	-779K	-1.46M	-339K	-7.34M	-14.86M
Issuance of Common Stock	59.05K	6.04M	34.6M	243M	3.46M
Other Financing Activities, Total	-204K	-280K	552K	3.37M	9.69M
Cash from Financing	2.55M	6.2M	34.81M	244M	22.32M
Foreign Exchange Rate Adjustments	-106K	-385K	-18.76K	386K	512K
Net Change in Cash	253K	2.58M	18.76M	146M	-121M
Supplemental Items
Cash Interest Paid	378K	740K	1.11M	2.03M	6.49M
Cash Income Tax Paid (Refund)	-	-13.63K	-	953K	1.7M
Levered Free Cash Flow	-3.49M	-4.25M	-9.65M	-22.86M	-54.37M
Unlevered Free Cash Flow	-2.91M	-3.42M	-8.84M	-21.88M	-50.6M
Change In Net Working Capital	3.48M	2.69M	10.89M	9.37M	36.43M
Net Debt Issued / Repaid	2.69M	439K	-339K	-1.45M	9.17M

Fiscal Period: December	2017	2018	2019	2020	2021
Profitability
Return on Assets	5.23	-8.64	6.99	-6.29	-3.33
Return on Total Capital	-16.53	-86	11.77	-7.2	-3.96
Return On Equity %	-2.01	115.93	10.54	-16.69	-7.19
Return on Common Equity	-2.01	115.93	10.54	-16.69	-7.19
Margin Analysis
Gross Profit Margin %	39.12	28.15	31.4	0.47	21.57
SG&A Margin	35.38	35.71	22.24	43.81	42.15
EBITDA Margin %	4.54	-7.62	9.43	-43.68	-13.65
EBITA Margin %	3.95	-8.01	9.13	-44.34	-15.97
EBIT Margin %	3.95	-8.01	9.02	-45.5	-20.57
Income From Continuing Operations Margin %	0.66	-14.37	4.1	-56.54	-19.08
Net Income Margin %	0.66	-14.37	4.1	-56.54	-19.08
Net Avail. For Common Margin %	0.66	-14.37	4.1	-56.54	-19.08
Normalized Net Income Margin	-1.42	-8.98	3.43	-31.83	-15.62
Levered Free Cash Flow Margin	-23.69	-21.01	-19.57	-40.44	-44.23
Unlevered Free Cash Flow Margin	-19.74	-16.92	-17.92	-38.71	-41.17
Asset Turnover
Asset Turnover	2.12	1.72	1.24	0.22	0.26
Fixed Assets Turnover	61.04	82.41	29.81	2.85	3.09
Receivables Turnover (Average Receivables)