Cbak energy technology, inc. (CBAK)
CashFlow / Yearly
Dec'19Dec'18Dec'17Sep'16Sep'15Sep'14Sep'13Sep'12Sep'11Sep'10Sep'09
Cash flows from operating activities
Net loss

-10,853

-1,957

-21,467

-

-

-

-

-

-

-

-

Net loss

-

-

-

-12,652

15,873

37,775

-116,029

-65,807

-24,537

-32,782

-13,991

Income from discontinued operations, net of tax

-

-

-

-

1,831

64,497

397

-

-

-

-

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

2,753

2,466

1,592

1,117

508

8,257

19,316

18,519

18,628

18,405

12,831

Provision for doubtful accounts

1,046

162

725

2,779

131

-639

-8,958

22,634

1,910

10,441

7,724

Gain on disposal of a subsidiary

-

-

-

-

-

-

1,345

0

-

-

-

Waiver of interest

-

-

-

-

-

8,347

0

-

-

-

-

Write-down of inventories

834

160

5,776

439

221

8,752

59,584

9,702

-

4,718

928

Net loss arising from loan guarantee

-

-

-

-

-

-

5

0

-

-

-

(Recovery of) / provision for obsolete inventories

-

-

-

-

-

-

-

-

-1,807

-

-

Share-based compensation

770

221

759

1,462

750

88

359

804

1,584

3,779

3,724

(Gain) Loss on disposal of property, plant and equipment

-213

10

-

-

-

-

-2,336

16

471

0

-6

Gain on disposal of patented proprietary technology (Note 7)

-

12,118

-

-

-

-

-6

0

-

-

-

Impairment charge

2,326

918

-

-

-

-

-

-

-

-

-

Impairment charge

-

-

972

0

-

-

62,527

3,918

6,517

7,038

0

Deferred revenue

-

-

-

-

-

-

-

-252

-244

-234

-234

Government grant income

-

-

-

-

-23,103

0

-

-

-

-

-

Deferred tax liabilities

-

-

-

-96

101

0

5,826

2,116

1,302

-4,042

-2,024

Exchange loss

-

-

-80

-213

200

-255

-81

-3,206

-1,353

-1,327

48

Changes in operating assets and liabilities:
Trade accounts and bills receivable

-10,313

-33,723

53,553

569

4,349

14,827

-37,726

9,946

157

11,067

8,375

Inventories

-11

475

-2,323

14,357

107

-8,629

49,847

6,953

-2,088

1,933

-1,043

Prepayments and other receivables

-2,808

739

423

4,389

-132

9,161

-2,929

2,962

-472

1,389

-383

Trade accounts and bills payable

-30,530

-9,760

47,722

5,515

5,016

-22,708

-

-

-

-

-

Accounts payable

-

-

-

-

-

-

-22,730

22,048

20,032

-1,105

36,331

Accrued expenses and other payables and product warranty provisions

1,087

1,486

2,751

1,232

400

5,850

-3,595

8,155

8,645

637

89

Income taxes payable

-

-

-

310

5,218

0

-

-

-

-

-

Trade receivable from and payables to former subsidiaries

2,002

5,349

-18,957

-5,108

801

0

-

-

-

-

-

Deferred income

-

-

-

-

-

-245

-333

-

-

-

-

Other long-term payables

-

-

-

-

-

-1,207

-35,802

0

-

-

-

Net cash used in continuing operations

-

-

-

-

-

-32,914

23,264

-

-

-

-

Net cash provided by discontinued operations

-

-

-

-

-

3,615

360

-

-

-

-

Net cash provided by (used in) operating activities

-21,222

8,726

6,216

-13,887

-2,037

-29,299

23,625

5,168

35,318

-6,207

38,391

Cash flows from investing activities
Receipt of rental deposits

-

-

-

-

-

-

-

0

-

-

-

Disposal of subsidiaries, net of cash disposed of $4,163,555

-

-

-

-

-

4,163

489

0

-

-

-

(Increase) Decrease in pledged deposits

-

-

-

3,187

1,552

-7,990

2,452

-302

-4,129

-21,876

26,640

Advances to a related party

-

-

-

-

-

-

13,165

0

-

-

-

Payment of guaranteed loans

-

-

-

-

-

-

7,485

0

-

-

-

Repayment of guaranteed loans

-

-

-

-

-

-

7,505

0

-

-

-

Payment of lease prepayment

-

-

-

-

-

-

-

-

-

0

1,077

Proceeds on disposal of property, plant and equipment

32

31

-

0

-

-

6

20

656

0

10

Repayment from former subsidiaries

-

-

-

-

-

876

0

-

-

-

-

Deferred government grant

-

-

-

-

-7,416

0

-

-

-

-

-

Purchases of property, plant and equipment and construction in progress

2,452

7,359

12,047

5,926

12,851

9,795

12,929

20,004

31,520

23,238

40,431

Acquisitions of land use rights

-

-

-

-

-

9,139

0

-

-

-

-

Purchase of intangible assets

-

-

-

-

28

15

376

466

181

13

140

Advances to third parties

-

-

-

-

-

-

1,483

0

-

-

-

Repayment from advance to unrelated third parties

-

-

-

-

-

-

11,054

0

-

-

-

Net cash used in continuing operations

-

-

-

-

-7,016

-14,247

-19,815

-

-

-

-

Net cash provided by discontinued operations

-

-

-

-

1,514

-3,296

707

-

-

-

-

Net cash used in investing activities

-2,420

-7,327

-12,047

-9,114

-5,501

-17,544

-19,108

-20,147

-31,045

-23,252

-41,638

Cash flows from financing activities
Repayment of borrowings

-

-

-

-

4,821

178,695

204,151

195,487

172,641

212,179

151,448

Advances from investors

-

-

2,071

0

-9,847

-

-

-

-

-

-

Advances from former subsidiaries

-

-

2,367

0

-

-

-

-

-

-

-

Capital injection from non-controlling interests

127

26

-

-

-

-

-

-

-

-

-

Proceeds from bank borrowings

5,776

25,316

-

-

12,856

96,494

176,124

194,729

165,711

193,152

176,316

Proceeds from bank borrowings

-

-

-

19,410

-

-

-

-

-

-

-

Repayment of bank borrowings

3,643

19,256

1,479

10,715

-

-

-

-

-

-

-

Advances from investors

-

-

-

-

-

0

-

-

-

-

-

Borrowings from unrelated parties

6,341

-

6,055

87

1,601

137,689

27,970

0

-

-

-

Repayment of borrowings from unrelated parties

14

-

6,402

76

6,355

0

0

-

-

-

-

Repayment to former subsidiaries

-

-

2,367

0

-

-

-

-

-

-

-

Borrowings from shareholders (note 12)

-

-

9,605

5,516

0

-

-

-

-

19,616

150

Borrowings from related parties

492

17,903

18,964

4,289

3,747

650

0

-

-

-

-

Repayment of borrowings from related parties

1,365

17,593

17,407

0

3,532

22,354

-

-

-

-

-

Borrowings from shareholders

4,053

-

-

-

-

-

-

-

-

-

-

Repayment of earnest money to shareholders

966

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of promissory notes (Note 17)

2,750

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

13,550

6,395

11,406

18,511

13,344

33,784

-57

-758

-2,800

22,465

-1,623

Effect of exchange rate changes on cash and cash equivalents and restricted cash

-463

-853

485

-319

-34

51

267

150

797

-1,095

-158

Net increase (decrease) in cash and cash equivalents and restricted cash

-10,555

6,940

6,061

-4,809

5,771

-13,007

4,726

-15,586

2,269

-8,089

-5,028

Purchase of inventories offset against receivables from former subsidiaries

-

-

-

-

615

3,295

0

-

-

-

-

Purchase of property, plant and equipment (inclusive of VAT) offset against receivables from former subsidiaries

-

-

-

-

6,831

4,268

-

-

-

-

-

Purchases of property, plant and equipment offset against receivables from former subsidiaries

-

-

-

-

-

-

0

-

-

-

-

Payment of construction in progress offset against receivables from former subsidiaries

-

-

-

-

-

558

0

-

-

-

-

Advance from an unrelated third party offset against consideration from disposal of subsidiaries

-

-

-

-

-

83,812

0

-

-

-

-

Waiver of interest offset against consideration from disposal of subsidiaries

-

-

-

-

-

8,347

0

-

-

-

-

Long-term loans and payables offset against consideration from disposal of subsidiaries

-

-

-

-

-

-

22,432

0

-

-

-

Bills receivable discounted to banks

-

-

-

-

-

913

19,022

-

20,308

25,925

27,147

Removal expenditures offset against government grants

-

-

-

-

1,003

0

-

-

-

-

-

Depreciation expenses offset against government grants

-

-

-

-

66

0

-

-

-

-

-

Accounts receivable offset against advance from a related company

-

-

-

-

349

0

-

-

-

-

-

Receivable from a former subsidiary offset against advance from a related company

-

-

-

-

401

0

-

-

-

-

-

Transfer of construction in progress to property, plant and equipment

5,975

8,617

15,637

602

22,944

0

-

-

-

-

-

Proceeds on disposal of patented proprietary technology offset against amount due to a former subsidiary (Note 7)

-

12,845

-

-

-

-

-

-

-

-

-

Issuance of common stock (Note 1):- offset short term borrowings (First Debt, Second Debt and Third Debt)

15,029

-

-

-

-

-

-

-

-

-

-

– offset construction cost payable (Fourth Debt)

3,343

-

-

-

-

-

-

-

-

-

-

– offset accounts payable (Fifth Debt) and unpaid earnest money

5,159

-

-

-

-

-

-

-

-

-

-

Issuance of common stock to investors - offset short-term borrowings from unrelated parties

15,029

-

-

-

-

-

-

-

-

-

-

Income taxes

-

-

-

459

0

0

0

279

131

843

625

Interest, net of amounts capitalized

1,378

1,013

95

-

-

-

-

-

-

-

-

Interest, net of amounts capitalized

-

-

-

0

0

8,452

11,522

11,087

9,925

8,969

9,046