CBAK Energy Technology, Inc. CBAK Cash Flow

Cbak energy technology, inc. (CBAK)

CashFlow / Quarterly

Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Jun'10
Cash flows from operating activities
Net loss
-3,924	-1,787	-2,334	-2,807	-3,864	7,920	-3,445	-2,567	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss
-	-	-	-	-	-	-	-	-	-	-	-2,068	-2,194	-5,947	-2,668	-1,903	-2,132	-1,628	-953	1,067	17,388	15,215	37,106	-9,264	-5,282	-57,904	-10,270	-19,688	-28,165	-20,763	-27,596	-15,628	-1,819	-9,550	-7,245	-4,083	-3,657	-18,262
Income from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,569	46,936	1,136	855	-	-	-	-	-	-	-	-	-	-	-	-	-
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization
669	687	714	681	698	645	584	538	586	374	334	297	233	289	270	272	285	249	132	51	75	6	3,235	2,264	2,752	4,257	5,036	4,886	5,136	2,982	5,209	5,148	5,178	4,359	5,293	4,655	4,319	4,469
Provision for doubtful accounts
603	119	252	71	-14	191	71	-86	364	-19	371	9	44	2,146	625	-39	46	131	0	0	0	0	729	188	-1,556	-3,870	-2,945	-8,342	6,200	10,852	8,095	2,632	1,053	-1,580	1,043	-613	3,060	3,447
Write-down of inventories
276	0	494	62	-569	729	0	1	4,417	360	848	150	414	83	116	96	142	221	0	0	0	0	3,105	1,008	4,638	21,500	12,288	6,520	19,275	5,340	2,394	1,967	0	-	-	-	-	5,573
Net loss arising from loan guarantee
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,996	-808	-4,549	7,360	0	0	0	0	-	-	-	-	-
(Recovery of) / provision for obsolete inventories
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,395	2,289	-	-1,561	491	-737	0	-
Share-based compensation
337	396	18	18	32	34	71	83	123	144	238	252	345	390	376	321	373	557	192	0	0	1	14	29	44	61	79	97	121	148	181	219	255	326	333	409	515	414
Impairment charge
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,057
(Gain) Loss on disposal of property, plant and equipment
22	35	1	-273	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	469	-	-	0
Impairment charge
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,405	3,616	0	2,707	6,517	0	0	0	-
Deferred revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-86	-87	-	-	-85	-84	-	-63	-63	-	-62	-60	-60	-60	-58
Government grant income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	11	114	-23,330	245	-245	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax liabilities
-	-	-	-	-	-	-	-	-	-	-	-	0	-111	-0	-56	72	-5,669	-32	-41	5,845	0	0	0	0	-	-	-	-	6	0	0	2,110	1,719	0	-182	-235	-2,004
Deferred revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-62	-	-	-	-	-
Exchange loss
-	-	-	-	-	-	-	-	-174	30	-79	142	-121	-83	-147	124	-107	170	78	-169	120	119	-451	8	68	981	-134	-730	-198	-3,087	-116	162	-164	-1,294	-259	135	65	-
Changes in operating assets and liabilities:
Trade accounts and bills receivable
-6,304	2,416	-1,052	-5,372	-6,688	-1,279	-10,551	-15,205	25,817	19,837	4,388	3,510	227	-902	-773	2,120	124	-269	57	1,474	3,086	835	18,326	3,789	-8,123	-6,681	-7,084	-11,990	-11,969	-2,075	-1,783	-6,420	20,225	14,563	-20,281	-1,996	7,871	-1,545
Inventories
-2,265	2,633	198	-577	-54	-536	-326	1,394	-4,081	1,505	24	227	1,640	5,759	6,819	168	1,609	-648	2,866	-380	-1,730	-1,466	1,249	-4,386	-4,025	17,797	16,837	1,289	13,923	9,644	4,194	5,480	-12,366	-14,286	11,626	-1,656	2,228	-5,842
Prepayments and other receivables
-1,072	405	-865	-1,275	1,134	-758	611	-246	-160	549	-378	412	212	1,440	1,764	361	823	-1,224	880	879	-668	393	9,887	542	-1,661	-1,672	-3,176	1,341	577	-6,010	2,085	4,883	2,003	-64	1,397	-1,284	-521	-1,954
Trade accounts and bills payable
-18,402	-1,661	-2,198	-8,269	-8,534	6,892	-304	-7,814	29,406	15,221	4,080	-987	-2,277	-5,904	3,490	2,691	5,237	4,528	358	129	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,453	-4,124	-22,955	-21,608	5,600	1,014	-7,737	9,552	7,968	5,555	-1,027	9,096	-3,753	-1,272	15,961	-
Accounts and bills payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,110
Accrued expenses and other payables and product warranty provisions
-269	696	815	-155	1,854	-177	-131	-60	1,313	468	846	123	407	-85	934	4	379	208	184	-256	263	-19,113	10,653	10,898	3,412	-34,217	16,248	8,234	6,139	-14,054	2,173	13,088	6,947	-735	1,556	-292	8,116	-1,442
Income taxes payable
-	-	-	-	-	-	-	-	-	-6	-1	-607	439	772	-462	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Trade receivable from and payables to former subsidiaries
-1,446	1,974	350	1,124	-3,287	2,176	4,709	1,750	-7,793	-6,533	-1,824	-2,805	1,778	-628	-3,005	-4,762	3,287	1,324	1,065	-1,588	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	886	-	-	-	-	-	-	-	-	-	-	-	-	-
Other long-term payables
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-
Net cash used in continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-9,868	-16,722	-1,063	-5,260	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	517	2,605	492	-	-	-	-	-	-	-	-	-	-	-	-	-
Receipt of rental deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) operating activities
-7,316	-9,013	-868	-4,023	-414	4,336	2,402	2,402	12,749	-3,048	834	-4,318	-6,324	-13,952	-1,976	3,375	-1,333	4,572	-5,371	-671	-566	-9,868	-16,205	1,542	-4,767	-19,526	23,277	13,961	5,912	-7,214	-2,398	9,136	5,645	9,599	4,707	2,624	18,386	8,206
Cash flows from investing activities
(Increase) Decrease in pledged deposits
-	-	-	-	-	-	-	-	-	-	-	-	-112	3,180	-507	-92	606	1,552	0	0	0	0	-11,981	-13,178	17,169	-5,140	4,198	4,011	-617	788	2,364	-2,648	-807	-928	608	-10,567	6,757	-8,793
Proceeds on disposal of property, plant and equipment
-	-	-	-	-	-	-	-	-	-	-	-	7	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	624	-	-	0
Deferred government grant
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	32	3	-17	-7,435	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of property, plant and equipment and construction in progress
454	591	184	1,222	784	-917	3,028	4,463	3,309	1,929	5,595	1,213	1,669	-6,288	4,590	3,027	4,596	5,781	2,824	869	3,376	1,338	3,860	4,358	238	-12,449	4,579	10,393	10,407	4,571	5,380	6,274	3,777	4,994	14,209	6,349	5,967	12,529
Purchase of intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6	33	181	155	2	0	0	463	176	4	0	0	12
Repayment from advance to unrelated third parties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,141	683	-	-	0	0	-	-	-	-	-	-	-	-	-
Net cash used in continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-9,601	7,416	4,662	-16,724	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-54	-77	-3,164	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-421	-591	-184	-1,222	-766	931	-3,028	-4,463	-3,309	-1,929	-5,595	-1,213	-1,549	3,108	-4,083	-2,935	-5,203	-7,401	-2,666	507	4,058	-9,601	7,362	4,585	-19,889	22,893	-11,701	-20,355	-9,944	-5,059	-5,380	-6,274	-3,434	-5,138	-13,589	-6,349	-5,967	-12,541
Cash flows from financing activities
Repayment of borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	2,117	146,076	30,501	39,129	65,507	65,811	33,702	57,997	26,036	52,379	59,074	23,795	44,131	72,954	31,759	67,250
Advances from investors
-	-	-	-	-	-	-	-	14	20	3	2,032	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advances from former subsidiaries
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital injection from non-controlling interests
8	30	31	56	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from bank borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,880	467	60,673	30,473	27,725	47,440	64,145	36,812	66,520	32,814	57,577	37,817	26,117	44,965	66,874	27,754	48,020
Deposits from shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from bank borrowings
-	-	-	-	-	-	-	-	-	-	-	-	0	6,386	12,543	481	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of bank borrowings
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings from unrelated parties
-56	17	513	5,866	-	-	-	-	525	1,166	2,839	1,524	1,108	-6,323	6,322	88	0	-7,651	8,697	474	81	16,456	7,053	81,177	33,001	19,167	8,802	0	0	-	-	-	-	-	-	-	-	-
Repayment of borrowings from unrelated parties
-131	-623	-4	773	-	-	-	-	-	-	-	-	0	-0	-0	77	-	1,629	-2	-1	4,729	-20,554	4,839	3,237	12,478	0	0	0	0	-	-	-	-	-	-	-	-	-
Repayment to former subsidiaries
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings from shareholders (note 12)
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings from related parties
60	-4	169	266	7,206	82	7,971	2,641	16,880	209	3	1,869	5,297	3,200	558	529	0	193	2,326	1,029	197	650	0	0	0	-8,546	7,683	0	862	-	0	0	0	-	-	-	-	-
Repayment of borrowings from related parties
-	-	-	407	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
6,259	1,200	1,080	5,009	-975	1,637	3,092	2,641	-1,058	380	6,658	5,426	6,405	9,693	7,794	1,022	0	-1,937	19,097	635	-4,450	20,188	564	-7,462	20,494	428	-8,819	4,361	3,972	8,238	4,413	7,846	-21,256	3,250	224	4,487	-10,763	-10,436
Effect of exchange rate changes on cash and cash equivalents and restricted cash
31	-536	-396	438	199	-756	-698	401	281	87	78	38	-76	-21	-204	51	-144	-24	0	-11	1	1	101	-193	140	-199	442	-52	77	230	-236	95	61	48	197	268	283	2
Net increase (decrease) in cash and cash equivalents and restricted cash
-1,447	-8,941	-368	202	-1,957	6,148	1,767	982	8,663	-4,509	1,975	-67	-1,544	-1,172	1,530	1,514	-6,682	-4,791	11,058	460	-956	719	-8,176	-1,528	-4,021	3,596	3,198	-2,085	17	-3,804	-3,602	10,803	-18,983	7,759	-8,459	1,031	1,938	-14,769
Purchase of inventories offset against receivables from former subsidiaries
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2	-0	-161	780	3,295	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of property, plant and equipment (inclusive of VAT) offset against receivables from former subsidiaries
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,437	-2,183	521	6,055	4,268	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Exchange gain
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-558
Bills receivable discounted to banks
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,479	4,498	4,827	1,991	4,037	5,184	9,095	15,947
Removal expenditures offset against government grants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer of construction in progress to property, plant and equipment
5,197	-4,486	45	5,218	1,380	2,823	4,286	126	647	13,110	319	1,560	298	268	333	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of common stock to investors - offset short-term borrowings from unrelated parties
-	-	-	5,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes
-	-	-	-	-	-	-	-	-	6	1	607	0	-3	462	0	0	0	0	0	0	0	0	-16	16	0	0	0	0	279	0	0	0	0	89	42	0	621
Interest, net of amounts capitalized
290	330	409	347	292	366	178	176	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest, net of amounts capitalized
-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	-235	-2,122	8,867	1,943	3,995	3,180	1,875	2,471	2,947	2,794	2,682	2,663	2,680	2,494	2,348	2,402	2,960