Daqo New Energy Corp. (DQ)

Daqo New Energy Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	853.4	3,039	3,499	723.78	76.6	51.84
Short-Term Investments	1,460	-	13.93	280.25	-	-
Cash & Short-Term Investments	2,314	3,039	3,513	1,004	76.6	51.84
Cash Growth	-29.54%	-13.51%	249.93%	1210.81%	47.75%	-40.57%
Accounts Receivable	84.51	116.36	1,132	365.91	0.15	5.66
Other Receivables	-	0.03	0.02	-	0.13	0.02
Receivables	84.51	116.39	1,132	365.91	0.28	5.67
Inventory	206.88	173.27	169.52	327.77	49.24	39.3
Prepaid Expenses	-	224.65	52.93	41.68	-	-
Restricted Cash	-	9.13	20.86	0.19	41.81	62.61
Other Current Assets	292.61	14.31	0.85	3.4	12.35	14.9
Total Current Assets	2,898	3,577	4,889	1,743	180.27	174.33
Property, Plant & Equipment	3,903	3,626	2,605	1,559	1,027	995.22
Long-Term Investments	28.54	-	-	-	-	0.64
Other Intangible Assets	159.85	150.36	80.33	40.74	30.83	29.59
Long-Term Deferred Tax Assets	-	3.42	1.81	-	-	1.35
Other Long-Term Assets	59.34	70.09	17.6	0.82	0.96	0.22
Total Assets	7,049	7,427	7,594	3,344	1,239	1,201
Accounts Payable	40.86	95.45	103.18	81.7	68.31	115.37
Accrued Expenses	-	73.08	51.5	40.85	25.7	8.35
Short-Term Debt	-	-	-	-	15.32	79.06
Current Portion of Long-Term Debt	-	-	-	-	55.11	49.55
Current Portion of Leases	-	-	-	-	0.08	0.09
Current Income Taxes Payable	-	89.8	221.63	71.47	22.68	4.79
Current Unearned Revenue	56.24	148.98	121.99	202.96	37.78	33.03
Other Current Liabilities	531.96	429.11	238.24	153.52	59.15	154.91
Total Current Liabilities	629.06	836.43	736.54	550.5	284.14	445.15
Long-Term Debt	-	-	-	-	123.22	151.52
Long-Term Leases	-	-	-	-	-	0.08
Long-Term Unearned Revenue	76.73	132	172.41	112.6	25.17	23.19
Long-Term Deferred Tax Liabilities	-	10.15	80.54	16.73	3.46	6.37
Other Long-Term Liabilities	18.49	-	-	-	4.24	7.9
Total Liabilities	724.28	978.58	989.49	679.82	440.23	634.2
Common Stock	4,706	0.04	0.04	0.04	0.04	0.04
Additional Paid-In Capital	-	2,340	2,211	1,017	412.45	387.37
Retained Earnings	-	3,328	2,899	1,079	330.12	200.92
Treasury Stock	-	-612.61	-126.68	-1.75	-1.75	-1.75
Comprehensive Income & Other	-	-294	-176.03	67.77	26.27	-19.94
Total Common Equity	4,706	4,762	4,807	2,162	767.12	566.64
Minority Interest	1,619	1,686	1,797	501.87	31.79	0.52
Shareholders' Equity	6,324	6,448	6,605	2,664	798.92	567.16
Total Liabilities & Equity	7,049	7,427	7,594	3,344	1,239	1,201
Total Debt	-	-	-	-	193.74	280.29
Net Cash (Debt)	2,314	3,039	3,513	1,004	-117.14	-228.45
Net Cash Growth	-29.54%	-13.51%	249.93%	-	-	-
Net Cash Per Share	34.55	40.54	45.46	13.08	-1.56	-3.26
Filing Date Shares Outstanding	66.31	66.01	77.27	74.51	73.51	69.48
Total Common Shares Outstanding	66.31	65.7	78.2	74.51	73.05	69.48
Working Capital	2,268	2,740	4,153	1,192	-103.86	-270.82
Book Value Per Share	70.97	72.48	61.47	29.02	10.50	8.16
Tangible Book Value	4,546	4,612	4,727	2,121	736.29	537.05
Tangible Book Value Per Share	68.56	70.19	60.44	28.47	10.08	7.73
Buildings	-	906.29	555.71	468.31	444.83	400.84
Machinery	-	2,148	1,177	970.8	937.11	867.04
Construction In Progress	-	1,108	1,278	586.56	26.83	15.34

Source: S&P Capital IQ. Standard template. Financial Sources.