CBAK Energy Technology, Inc. CBAK Cash Flow

Cbak energy technology, inc. (CBAK)

CashFlow / TTM

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
-10,853	-10,793	-1,085	-2,196	-1,957	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss
-	-	-	-	-	-	-	-	-	-	-	-12,878	-12,713	-12,652	-8,332	-6,617	-3,647	15,873	32,717	70,778	60,446	37,775	-35,344	-82,721	-93,145	-116,029	-78,888	-96,213	-92,153	-65,807	-54,594	-34,243	-22,699	-24,537	-33,249	0	0	0
Income from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	64,497	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization
2,753	2,782	2,740	2,609	2,466	2,353	2,082	1,833	1,592	1,240	1,154	1,090	1,065	1,117	1,078	940	719	508	265	3,367	5,580	8,257	12,509	14,310	16,932	19,316	18,041	18,215	18,477	18,519	19,895	19,979	19,486	18,628	18,738	0	0	0
Provision for doubtful accounts
1,046	428	501	320	162	541	329	629	725	406	2,572	2,826	2,777	2,779	764	139	178	131	0	729	917	-639	-4,510	-8,185	-16,715	-8,958	5,764	16,806	27,780	22,634	10,202	3,149	-96	1,910	6,938	0	0	0
Write-down of inventories
834	-12	716	222	160	5,148	4,779	5,627	5,776	1,774	1,496	765	711	439	576	460	363	221	0	3,105	4,114	8,752	30,252	39,436	44,948	59,584	43,424	33,530	28,977	9,702	0	0	0	-	-	-	-	0
Net loss arising from loan guarantee
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5	2,002	2,811	7,360	0	0	0	0	-	-	-	-	-
(Recovery of) / provision for obsolete inventories
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-1,807	0	0	0	-
Share-based compensation
770	464	102	155	221	312	422	590	759	980	1,226	1,364	1,433	1,462	1,629	1,444	1,123	750	193	15	44	88	148	213	281	359	445	547	669	804	982	1,134	1,324	1,584	1,672	0	0	0
Impairment charge
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
(Gain) Loss on disposal of property, plant and equipment
-213	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	0
Impairment charge
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,918	12,841	9,225	9,225	6,517	0	0	0	-
Deferred revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-296	0	-	0	0	-	-244	-240	0	0	0
Government grant income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-23,103	-22,958	-23,215	-23,330	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-168	-96	-5,654	-5,686	-5,671	101	5,770	5,803	5,845	0	0	0	0	-	-	-	-	2,116	3,830	3,830	3,648	1,302	-2,422	0	0	0
Deferred revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-
Exchange loss
-	-	-	-	-	-	-	-	-80	-28	-141	-209	-227	-213	40	266	-27	200	149	-380	-202	-255	606	924	185	-81	-4,151	-4,133	-3,240	-3,206	-1,413	-1,556	-1,584	-1,353	0	0	0	-
Changes in operating assets and liabilities:
Trade accounts and bills receivable
-10,313	-10,696	-14,392	-23,890	-33,723	-1,218	19,898	34,837	53,553	27,964	7,223	2,062	672	569	1,202	2,032	1,386	4,349	5,454	23,724	26,038	14,827	7,311	-18,100	-33,880	-37,726	-33,121	-27,819	-22,249	9,946	26,585	8,086	12,511	157	-15,952	0	0	0
Inventories
-11	2,200	-970	-1,496	475	-3,550	-1,508	-1,156	-2,323	3,398	7,653	14,447	14,387	14,357	7,949	3,996	3,447	107	-710	-2,327	-6,333	-8,629	10,633	26,222	31,898	49,847	41,694	29,051	33,243	6,953	-16,977	-9,546	-16,683	-2,088	6,354	0	0	0
Prepayments and other receivables
-2,808	-601	-1,765	-288	739	-554	753	-236	423	796	1,687	3,830	3,779	4,389	1,725	841	1,359	-132	1,484	10,492	10,155	9,161	7,096	-5,967	-5,168	-2,929	-7,267	-2,005	1,536	2,962	8,908	8,219	2,051	-472	-2,362	0	0	0
Trade accounts and bills payable
-30,530	-20,662	-12,109	-10,215	-9,760	28,180	36,509	40,895	47,722	16,037	-5,088	-5,678	-1,999	5,515	15,947	12,815	10,253	5,016	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-44,234	-43,087	-37,948	-22,730	8,430	10,797	15,338	22,048	21,592	9,871	3,043	20,032	0	0	0	-
Accounts and bills payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Accrued expenses and other payables and product warranty provisions
1,087	3,211	2,337	1,391	1,486	944	1,590	2,568	2,751	1,845	1,291	1,378	1,259	1,232	1,526	776	516	400	-18,921	-8,452	2,702	5,850	-9,253	-3,658	-6,322	-3,595	16,568	2,493	7,347	8,155	21,474	20,857	7,476	8,645	7,937	0	0	0
Income taxes payable
-	-	-	-	-	-	-	-	-	-175	602	141	749	310	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Trade receivable from and payables to former subsidiaries
2,002	161	364	4,723	5,349	843	-7,867	-14,401	-18,957	-9,385	-3,480	-4,661	-6,618	-5,108	-3,155	915	4,089	801	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Other long-term payables
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-
Net cash used in continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-32,914	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,615	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Receipt of rental deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) operating activities
-21,222	-14,320	-970	2,300	8,726	21,889	14,505	12,937	6,216	-12,856	-23,760	-26,572	-18,878	-13,887	4,637	1,242	-2,804	-2,037	-16,477	-27,311	-25,098	-29,299	-38,956	526	12,945	23,625	35,936	10,260	5,435	5,168	21,982	29,089	22,578	35,318	33,924	0	0	0
Cash flows from investing activities
(Increase) Decrease in pledged deposits
-	-	-	-	-	-	-	-	-	-	-	-	2,467	3,187	1,559	2,066	2,159	1,552	0	-11,981	-25,160	-7,990	-13,131	3,049	20,239	2,452	8,381	6,547	-112	-302	-2,020	-3,775	-11,694	-4,129	-11,995	0	0	0
Proceeds on disposal of property, plant and equipment
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	0
Deferred government grant
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7,416	-7,449	-7,452	-7,435	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of property, plant and equipment and construction in progress
2,452	2,783	1,273	4,117	7,359	9,883	12,731	15,298	12,047	10,408	2,189	1,185	2,999	5,926	17,997	16,230	14,072	12,851	8,409	9,445	12,934	9,795	-3,992	-3,274	2,760	12,929	29,951	30,752	26,633	20,004	20,426	29,255	29,330	31,520	39,056	0	0	0
Purchase of intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	376	372	339	157	466	640	645	645	181	17	0	0	0
Repayment from advance to unrelated third parties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-
Net cash used in continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-14,247	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,296	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-2,420	-2,764	-1,241	-4,085	-7,327	-9,870	-12,731	-15,298	-12,047	-10,287	-5,249	-3,737	-5,459	-9,114	-19,623	-18,207	-14,764	-5,501	-7,702	2,326	6,404	-17,544	14,951	-4,112	-29,053	-19,108	-47,061	-40,739	-26,658	-20,147	-20,227	-28,436	-28,511	-31,045	-38,448	0	0	0
Cash flows from financing activities
Repayment of borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	178,695	217,824	281,215	200,950	204,151	223,020	183,548	170,115	195,487	161,285	179,381	199,956	172,641	216,096	0	0	0
Advances from investors
-	-	-	-	-	-	-	-	2,071	2,056	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advances from former subsidiaries
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital injection from non-controlling interests
127	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from bank borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	96,494	119,340	166,313	169,785	176,124	214,918	200,291	193,723	194,729	154,327	166,478	175,775	165,711	187,613	0	0	0
Deposits from shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from bank borrowings
-	-	-	-	-	-	-	-	-	-	-	-	19,410	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of bank borrowings
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings from unrelated parties
6,341	0	0	0	-	-	-	-	6,055	6,638	-852	2,631	1,195	87	-1,240	1,134	1,519	1,601	25,709	24,065	104,769	137,689	140,399	142,149	60,971	27,970	0	0	0	-	-	-	-	-	-	-	-	-
Repayment of borrowings from unrelated parties
14	0	0	0	-	-	-	-	-	-	-	-	76	0	0	0	-	6,355	-15,828	-10,987	-7,748	0	20,554	15,715	12,478	0	0	0	0	-	-	-	-	-	-	-	-	-
Repayment to former subsidiaries
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings from shareholders (note 12)
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings from related parties
492	7,638	7,726	15,527	17,903	27,577	27,704	19,736	18,964	7,380	10,371	10,926	9,586	4,289	1,282	3,050	3,550	3,747	4,204	1,877	848	650	-8,546	-862	-862	0	0	0	0	-	0	0	0	-	-	-	-	-
Repayment of borrowings from related parties
-	-	-	0	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
13,550	6,314	6,751	8,763	6,395	6,312	5,056	8,622	11,406	18,871	28,184	29,321	24,917	18,511	6,879	18,182	17,794	13,344	35,470	16,937	8,839	33,784	14,025	4,641	16,465	-57	7,752	20,985	24,471	-758	-5,745	-9,934	-13,293	-2,800	-16,487	0	0	0
Effect of exchange rate changes on cash and cash equivalents and restricted cash
-463	-295	-515	-816	-853	-771	72	849	485	127	17	-265	-251	-319	-321	-116	-180	-34	-7	93	-87	51	-150	190	331	267	697	18	166	150	-32	402	575	797	751	0	0	0
Net increase (decrease) in cash and cash equivalents and restricted cash
-10,555	-11,065	4,024	6,160	6,940	17,561	6,903	7,111	6,061	-4,145	-808	-1,253	328	-4,809	-8,428	1,099	45	5,771	11,282	-7,953	-9,942	-13,007	-10,129	1,245	688	4,726	-2,674	-9,475	3,414	-15,586	-4,022	-8,879	-18,652	2,269	-20,259	0	0	0
Purchase of inventories offset against receivables from former subsidiaries
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	615	3,913	3,914	4,075	3,295	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of property, plant and equipment (inclusive of VAT) offset against receivables from former subsidiaries
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,831	8,661	10,845	10,324	4,268	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Exchange gain
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Bills receivable discounted to banks
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19,796	15,354	16,040	20,308	34,264	0	0	0
Removal expenditures offset against government grants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer of construction in progress to property, plant and equipment
5,975	2,157	9,468	13,708	8,617	7,884	18,170	14,203	15,637	15,288	2,447	2,461	900	602	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of common stock to investors - offset short-term borrowings from unrelated parties
-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes
-	-	-	-	-	-	-	-	-	615	605	1,067	459	459	462	0	0	0	0	0	-16	0	0	0	16	0	279	279	279	279	0	89	131	131	753	0	0	0
Interest, net of amounts capitalized
1,378	1,379	1,415	1,184	1,013	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest, net of amounts capitalized
-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	-235	-2,358	6,509	8,452	12,683	17,987	10,994	11,522	10,474	10,088	10,895	11,087	10,820	10,520	10,187	9,925	10,206	0	0	0