| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | |
|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||
Net income (loss) | ||||||
7,060 | -5,331 | 9,937 | -174,478 | -150,355 | -268,616 | |
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities: | ||||||
Depreciation and amortization | ||||||
3,485 | 3,599 | 7,053 | 13,957 | 21,440 | 22,243 | |
Accretion of long-term payable balances | ||||||
- | - | 0 | 0 | 22 | 756 | |
Share-based compensation expense | ||||||
713 | 1,127 | 7,737 | 25,362 | 12,653 | 15,277 | |
Bad debt provision | ||||||
782 | 249 | 6,632 | 24,350 | 21,240 | 49,181 | |
Foreign exchange loss (gain), net | ||||||
-80 | 12 | -28 | -93 | -18 | -197 | |
Impairment loss | ||||||
0 | 3,227 | 25,063 | 47,155 | 13,916 | 137,509 | |
Deferred income tax | ||||||
-327 | 148 | -19,886 | -4,534 | -5,295 | -18,863 | |
Disposal (gain) from subsidiaries | ||||||
5,863 | 0 | 53,091 | 1,193 | -41,226 | -2,553 | |
Disposal loss from property and equipment | ||||||
-14 | -77 | -83 | -217 | - | - | |
Loss in extinguishment of debt | ||||||
- | 0 | 0 | -23,193 | - | - | |
Interest expense | ||||||
0 | 0 | 8,730 | 19,630 | - | - | |
Loss from equity method investment | ||||||
-2 | -1 | - | - | - | - | |
Income on reconsolidation of previously deconsolidated entities | ||||||
0 | 0 | 2,181 | - | - | - | |
Changes in operating assets and liabilities: | ||||||
Accounts receivable | ||||||
1,579 | 331 | 542 | -4,082 | 10,586 | -2,808 | |
Prepaid and other current assets | ||||||
-3,088 | -73 | 2,810 | 10,472 | 9,367 | -10,329 | |
Amounts due from related parties | ||||||
-234 | -3 | -144 | 448 | -4,515 | -1,464 | |
Other non-current assets | ||||||
884 | 27 | 96 | -1,644 | 3,267 | -8,060 | |
Accounts payable | ||||||
660 | -238 | -297 | 64 | 7,018 | 1,621 | |
Accrued and other liabilities | ||||||
-5,851 | 375 | 5,310 | -2,424 | 33,802 | 1,556 | |
Income tax payable | ||||||
1,654 | 506 | 1,065 | 1,798 | 1,056 | 8,332 | |
Deferred revenue | ||||||
520 | -922 | 1,358 | 6,414 | 2,018 | 19,605 | |
Amounts due to related parties | ||||||
-650 | 0 | -428 | -258 | -6,574 | 851 | |
Other non-current liabilities | ||||||
-32 | - | - | - | - | - | |
Net cash (used in) provided by operating activities | ||||||
3,106 | 2,524 | -6,191 | -25,846 | -26,520 | -5,137 | |
Cash flows from investing activities | ||||||
Purchase of available-for-sale investments | ||||||
37,072 | 63,775 | 33,477 | - | - | - | |
Proceeds from available-for-sale investments | ||||||
43,706 | 53,855 | 17,687 | - | - | - | |
Purchase of held-to-maturity investments | ||||||
85,875 | 93,831 | 81,489 | - | - | - | |
Maturity and proceeds from held-to-maturity investments | ||||||
81,526 | 106,375 | 58,057 | - | - | - | |
Deposit for restricted cash | ||||||
- | - | -77 | -289 | - | - | |
Deposit for restricted cash | ||||||
- | - | - | - | -223 | 801 | |
Placement of term deposits | ||||||
- | 0 | 0 | 1,648 | - | 6,849 | |
Maturity of term deposits | ||||||
0 | 166 | 1,521 | 0 | 4,423 | 161 | |
Prepayment for acquisition of property | ||||||
0 | 10,230 | - | 1,040 | 3,833 | 32,886 | |
Purchase of property and equipment | ||||||
1,190 | 1,072 | 1,175 | - | - | - | |
Prepayment for leasehold improvement | ||||||
2,048 | 555 | 658 | 1,310 | 1,408 | - | |
Proceeds from disposal of property and equipment | ||||||
0 | 0 | 146 | 89 | 310 | 1,625 | |
Purchase of intangible assets | ||||||
171 | 176 | 0 | 0 | 43 | 2,153 | |
Purchase of subsidiaries (including cash payment in relation to prior acquisitions), net of cash acquired | ||||||
128 | 0 | 2,161 | 0 | 621 | 24,435 | |
Prepayment for purchase of minority interest | ||||||
692 | - | - | - | - | - | |
Purchase of other non-current assets | ||||||
98 | - | - | - | - | - | |
Payment for equity method investment | ||||||
- | 150 | - | - | - | - | |
Return of prepayments from cancellation of acquisition agreements | ||||||
- | - | - | 0 | - | 642 | |
Cash balance of deconsolidated entities | ||||||
- | 0 | 0 | 85 | 510 | - | |
Proceed from disposal of subsidiaries, net of cash balance at disposed entities | ||||||
-662 | 0 | 44,595 | 21,758 | - | - | |
Proceed from disposal of subsidiaries, net off cash balance at disposed entities | ||||||
- | - | - | - | 6,556 | -15,105 | |
Deposit for leasehold improvements | ||||||
- | - | - | 0 | - | 4,874 | |
Proceeds from disposal of 21st School | ||||||
- | - | - | 0 | - | 10,896 | |
Proceed from transferring financial assets | ||||||
0 | 0 | 6,175 | 0 | 5,783 | - | |
Purchase of minority interest | ||||||
123 | - | - | - | - | - | |
Long-term loan receivables | ||||||
6,559 | - | - | - | - | - | |
Others | ||||||
- | - | - | 0 | - | -289 | |
Net cash provided by (used in) investing activities | ||||||
-9,386 | -9,393 | 9,298 | 18,053 | 10,880 | -73,490 | |
Cash flows from financing activities | ||||||
Proceeds from issuance of ordinary shares, net of expenses | ||||||
- | - | 0 | 0 | 10,358 | - | |
Proceeds from minority shareholder capital injection | ||||||
0 | 115 | 25 | - | - | - | |
Proceeds from issuing convertible loan | ||||||
0 | 0 | 7,719 | 17,621 | - | 19,447 | |
Proceeds from short-term borrowings | ||||||
0 | 0 | 355 | 8,768 | 24,207 | 9,952 | |
Proceeds from long-term borrowings | ||||||
6,026 | - | - | - | - | - | |
Repayments of short-term borrowings | ||||||
0 | 331 | 6,118 | 12,410 | 17,859 | 18,309 | |
Repayments of convertible loan | ||||||
- | - | 0 | - | 3,015 | - | |
Proceeds from issuance of shares upon of exercise of share options | ||||||
- | 0 | 0 | 43 | - | 1,244 | |
Net cash provided by (used in) financing activities | ||||||
6,026 | -216 | 1,981 | 14,022 | 13,691 | 12,334 | |
Changes in cash, cash equivalents and restricted cash included in assets held for sale | ||||||
0 | 0 | - | - | - | - | |
Changes in cash and cash equivalents included in assets held for sale | ||||||
- | - | 5,562 | -5,812 | - | -158 | |
Effects of exchange rate changes on cash, cash equivalents and restricted cash | ||||||
10 | 12 | -458 | 65 | -18 | -1,213 | |
Net change in cash, cash equivalents and restricted cash | ||||||
-244 | -7,073 | 10,192 | 13,107 | -136 | -34,395 | |
Supplemental disclosure of cash flow information | ||||||
Income tax paid | ||||||
143 | 197 | 256 | 383 | -562 | -1,688 | |
Interest paid | ||||||
0 | 17 | - | - | - | - | |
Interest paid | ||||||
- | - | 2,210 | 1,912 | -1,460 | -2,003 | |
Supplemental disclosure of non-cash investing and financing activities: | ||||||
Conversion of convertible loan to ordinary shares and waiver of related accrued interest expenses | ||||||
0 | 0 | 10,829 | 36,473 | - | - | |
Shares surrendered by SummitView | ||||||
- | 0 | 0 | 10,848 | - | - | |
Receipt of convertible loan by settlement of debt | ||||||
- | 0 | 0 | 12,894 | - | - | |
Purchase of property and equipment financed by accounts payable and other payables | ||||||
- | 0 | 0 | 2,101 | 2,776 | -2,448 | |
Waiver of payables in connection with disposal of subsidiaries | ||||||
- | 0 | 0 | 723 | - | -38,812 | |
Waiver of receivables in connection with disposal of subsidiaries | ||||||
0 | 0 | 2,809 | - | - | - | |
Derecognition of assets other than cash of disposed subsidiary | ||||||
3,866 | - | - | - | - | - | |
Derecognition of liabilities of disposed subsidiary, net of recognized amount due to the disposed subsidiary | ||||||
10,391 | - | - | - | - | - | |
Contingent consideration of purchase of subsidiary | ||||||
1,040 | - | - | - | - | - | |
Outstanding receivables in connection with disposal of subsidiaries | ||||||
- | 0 | 0 | 11,282 | 18,717 | -31,264 | |
Consideration receivables from SummitView | ||||||
- | - | 0 | 0 | 11,079 | - | |