China advanced construction materials group, inc (CADC)
CashFlow / Yearly
Jun'18Jun'17Jun'16Jun'15Jun'14Jun'13Jun'12Jun'11
CASH FLOWS FROM OPERATING ACTIVITIES:
NET INCOME (LOSS)

-7,399

-11,038

-15,806

-4,164

-16,647

-23,598

-6,230

17,065

Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization

1,239

1,178

-

2,127

2,399

3,299

4,386

3,898

Change in fair value of warrant liabilities

-

-

-

-

-

132

445

1,926

Gain on disposal of equipment

2

0

-

-90

-1,669

-5,980

-968

-271

Depreciation and amortization

-

-

1,953

-

-

-

-

-

Stock-based compensation expense

1,388

289

498

514

0

62

132

885

Deferred tax provision

-

-

1,744

764

1,648

-254

-3,871

131

RECOVERY OF (PROVISION FOR) DOUBTFUL ACCOUNTS

2,184

3,352

3,854

-2,846

7,683

15,183

22,490

7,377

Amortization of discount on other receivable from termination of lease

-

-

-

-

-

-

0

-

Loss on sale of Asset Group

-

-

-

0

-

-4,117

0

-

Impairment loss of long-lived assets

-

-

-

0

293

251

3,380

0

Imputed interest on other receivable from termination of leases

-

-

-

-

710

538

-

-

Interest expense on capital lease

-

-

-

-

-

-

0

-

Loss on sale of Asset Group

-

-

386

-

-

-

-

-

Impairment loss of long-lived assets

-

-

2,624

-

-

-

-

-

Changes in operating assets and liabilities
Accounts receivable

4,647

13,544

31,302

11,520

-4,807

-4,576

45,499

52,826

Inventories

-218

-374

60

-156

433

-857

528

-780

Other receivables

-1,458

-7,534

-660

-3,388

-2,870

2,040

-974

734

Other receivable from termination of lease

-

-

-

-

-13,068

-2,834

0

-

Prepayments and advances

-15,996

-18,161

-2,707

15,995

8,889

16,165

6,442

2,077

Long term prepayments

-

-

-

-

-

175

-1,616

-1,889

Prepayment - related party

-4,209

5,856

-2,626

-

-

-

-

-

Prepaid expenses

40

0

-

-

-

-

-

-

Accounts payable

-12,834

11

33,108

13,511

-1,443

-7,760

14,769

23,464

Customer deposits

971

-3,556

3,194

202

-671

906

394

-347

Other payables

-3,924

3,493

-1,150

631

58

-2,839

3,991

142

Other payables - shareholders

720

623

600

600

-

-

-

-

Accrued contingent liabilities

2,840

667

139

-251

1,249

-742

-250

187

Taxes payable

73

9

86

-179

84

-965

322

-880

Net cash provided by operating activities

2,450

1,700

5,865

-12,970

7,039

-17,143

-9,840

-2,700

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of short-term investments

-

-

-

-9,377

9,533

5,097

-12,434

-

Proceeds from disposal of property, plant and equipment

-

-

-

57

0

675

960

753

Redemptions of short-term investments

-

-

5,131

-

-

-

-

-

Purchases of property, plant and equipment

138

210

208

43

392

331

398

2,142

Principal payments on capital lease obligations

-

-

-

-

-

-

0

-

Investments

-

-

-

-

-

-

-

11,880

Net cash used in investing activities

-138

-210

4,923

9,390

-9,925

-4,752

12,996

-13,270

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from short term loans, banks and bank guarantees

34,724

20,706

17,106

43,005

75,172

54,719

31,247

15,025

Repayments of short term loans, banks and bank guarantees

26,639

19,237

25,038

71,309

64,794

30,665

28,071

75

Proceeds from short term loans - shareholders

-

-

-

-

-

0

-

-

Payments of short term loan - shareholders

-

-

-

-

-

0

-

-

Proceeds from short term loans - other

-

-

-

0

3,256

0

-

-

Payments of short term loans - other

-

-

-

3,258

-

0

-

-

Proceeds from notes payable

0

30,398

50,854

50,987

17,908

0

-

-

Repayments of notes payable

14,603

34,069

61,196

30,380

8,140

0

-

-

Borrowings from shareholders

121

146

207

-

-

-

-

-

Proceeds from issuance of common stock

600

0

-

1,167

0

-

-

-

Payable to shareholder

-

-

-

-118

-168

46

-

-16

Principal payments on capital lease obligations

-

-

516

2,000

2,282

790

-

-

(Repayments from) payables to shareholders

-

-

-

-

-

-

-11

-

Change in restricted cash

4,386

-191

6,275

2,437

-6,894

170

-5,550

-849

Net cash used in financing activities

-1,409

-2,248

-12,307

-9,231

14,392

23,387

-2,363

14,117

EFFECTS OF EXCHANGE RATE CHANGE IN CASH AND CASH EQUIVALENTS

-28

-23

-167

72

-25

49

5

163

NET INCREASE IN CASH AND CASH EQUIVALENTS

874

-782

-1,684

-12,739

11,481

1,540

799

-1,690

SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest expense

1,360

825

793

-

-

-

-

-

Cash paid for income tax

0

0

0

-

-

-

-

-

NON-CASH TRANSACTIONS OF INVESTING AND FINANCING ACTIVITIES:
Property, plant and equipment additions accrued

99

0

-

-

-

-

-

-

Customer deposits reclassified to other payables - shareholders upon execution of tri-party agreements

692

0

-

-

-

-

-

-

Accrued liabilities reclassified to other payables - shareholders upon execution of tri-party agreements

259

0

-

-

-

-

-

-

Forgiveness of payable to shareholder as a capital contribution

691

-

-

-

-

-

-

-

Litigation liability paid by related party

354

660

-

-

-

-

-

-

Accrued rent liability and other receivable - related party

1,422

0

-

-

-

-

-

-

Common stock issued to repay other payables - major shareholders

3,859

0

-

-

-

-

-

-

Amounts from disposal of equipment yet to collect

-

-

1,741

-

-

-

-

-

Disposal of equipment offset with other payables

-

-

822

-

-

-

-

-

Prepayment reclassified to other receivables

-

-

5,350

-

-

-

-

-

Capital lease obligations offset with accounts receivable

-

-

233

-

-

-

-

-

Capital lease obligations offset with prepayments

-

-

198

-

-

-

-

-

Capital lease obligations offset with advances on equipment purchases

-

-

466

-

-

-

-

-

OTHER NON-CASH TRANSACTIONS:
Accounts receivable offset with accounts payable upon execution of tri-party agreements

6,945

1,535

2,097

-

-

-

-

-

Cashless conversion of warrants into common stocks

-

-

-

-

-

-

-

0

Litigation liability paid by related party

-

-

0

-

-

-

-

-