China recycling energy corp (CREG)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10
CASH FLOWS FROM OPERATING ACTIVITIES:
Loss before noncontrolling interest

-8,772

-69,200

-7,669

-48,642

18,367

19,725

15,815

3,222

19,588

20,635

Adjustments to reconcile loss including noncontrolling interest to net cash used in operating activities:
Depreciation

-

2

1

-

-

-

-

-

-

-

Amortization of OID and debt issuing costs of convertible note

97

16

-

-

-

-

-

-

-

-

Stock compensation expense

148

-

-

-

-

-

-

-

-

-

Operating lease expenses

66

-

-

-

-

-

-

-

-

-

Bad debt expense

5,386

32,210

-

-

-

-

-

-

-

-

Assets impairment loss

-876

-28,429

-

-

-

-

-

-

-

-

Impairment loss on net investment receivable

-

-

-

57,368

-

-

-

-

-

-

Changes in sales type leases receivables

-

-

-

-

-

18,868

62,013

0

30,106

74,280

Shares issued for the cost of system purchase

-

-

-

-

-

14,491

16,481

-

-

-

Shares issued for system purchase

-

-

-

-

-

-

-

0

-

-

Loss on project termination

-

-

-

-

-

-

-

2,968

-

-

Depreciation and amortization

-

-

-

4

26

20

49

50

57

23

Amortization of prepaid loan fees

-

-

-

-

-

207

82

80

39

0

Stock option expense

-

-

7

-

9

0

-

-

-

-

Changes in fair value of the liability

-

-

-

-

-

-

-

-

5,441

2,809

Cost of equipment purchased by stock

-

-

-

-

-

-

-

-

0

11,817

Amortization of discount related to beneficial conversion feature of convertible note

-

-

-

-

-

-

-

2,140

12,116

1,789

Changes in fair value of conversion feature liability

-

-

-

-

-

-

-

1,127

-

-

Interest expense from changes in fair value of conversion feature liability

-

-

-

-

-

-

-

-

11,772

0

Stock compensation expense

-

-

-

-

-

-

-

-

0

602

Stock option expense

-

-

-

-

-

187

0

89

1,455

2,940

Investment loss

-

0

-176

-258

184

20

0

-

-

-

Bad debt expense

-

-

1,744

-

-

-

-

-

-

-

Loss on disposal of 40% ownership of Fund Management Co

-46

-

-

-

-

-

-

-

-

-

Loss on transfer of Chengli Boxing system

624

-

-

-

-

-

-

-

-

-

Loss on transfer of Xuzhou Huayu system

397

-

-

-

-

-

-

-

-

-

Loss on transfer of Shenqiu Phase I & II systems

208

-

-

-

-

-

-

-

-

-

Loss on systems repurchase from Yida

-

-

-

410

-

-

-

-

-

-

Gain on systems repurchase from Jitie and Datong

-

-

-

-

4,521

-

-

-

-

-

Loss on sales of construction in progress of Xuzhou Zhongtai

-

-

-

-2,775

-

0

-

-

-

-

Loss on sale of construction in progress of Tangshan Rongfeng

-

-

-

-

-3,780

-

-

-

-

-

Loss on disposal of fixed assets

-0

-

-

-

-

-0

0

-

-

-

Loss on long-term notes redemption

173

-

-

-

-

-

-

-

-

-

Interest expense - inducement on note conversion

893

-

-

-

-

-

-

-

-

-

Changes in deferred tax

-3,024

1,022

-1,061

-8,832

-1,252

1,055

3,933

1,000

6

4,516

Changes in assets and liabilities:
Interest receivable on sales type leases

170

184

4,561

5,192

-378

211

-172

-1,510

1,794

101

Collection of principal on sales type leases

-

-2,444

-1,305

-19,955

-54,760

-21,675

-10,874

-8,190

-7,457

-4,784

Accounts receivable

-2,383

159

2,408

-1,902

16,039

-54

-12

-18,997

579

0

Prepaid expenses

21

-696

14

-440

295

-90

150

-95

107

341

Other receivables

135

461

509

52

-598

-865

1,153

-412

114

-1,153

Notes receivable

-

-967

947

-

-

-

-

-

-

-

Construction in progress

-

7,130

3,233

-19,830

-9,300

70,645

58,881

-6,542

5,650

-10,333

Long term deposit

-

-

-

-

-

-

-

-

378

0

Accounts payable

-2,837

2,611

1,576

1,044

343

-7,021

4,281

-652

-1,327

2,622

Taxes payable

-1,317

717

8,128

221

-1,464

1,054

143

-1,570

1,197

908

Payment of operating lease liability

-63

-

-

-

-

-

-

-

-

-

Interest payable on entrusted loan

-9,091

10,093

7,638

-28

-

-1

-39

-28

-53

372

Accrued interest on convertible notes

-

-

-

-

-

-

-383

215

-431

246

Refundable deposit from customers for systems leasing

-

-

-

-

-

488

547

0

572

0

Accrued liabilities and other payables

-36

93

-458

-1,948

104

1,731

-47

252

-1,967

481

Refundable deposit for systems leasing

-478

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) operating activities

-

-

-

-

-

-35,120

-70,277

-

-

-

Net cash provide by (used in) operating activities

-14,649

2,168

-285

39,514

63,911

-

-

42,391

-17,233

-14,302

CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from disposal of property & equipment

5

-

-

-

-

-

-

-

-

-

Changes of restricted cash

-

-

-

-1,105

1,178

-2,278

-503

2,396

-1,896

630

Acquisition of property and equipment

-

-

-

-

19

2

23

1

7

81

Long term investment

-

-

-

-

-

-

12,793

0

-

-

Net cash provided by investing activities

-

-

-

-

-

2,276

-12,313

-

-

-

Net cash provided by investing activities

5

-

-

1,105

-1,198

-

-

-2,398

1,888

-712

CASH FLOWS FROM FINANCING ACTIVITIES:
Convertible note payable

-

-

-

-

-

-

-

-

7,583

7,533

Issuance of notes payable

2,000

1,000

-

-

-

-

-

-

-

-

Proceeds from loans

-

-

-

-

6,422

60,832

89,633

4,752

24,772

15,444

Repayment of loans

-

-

740

30,576

58,498

15,830

44,399

10,297

7,067

0

Long term payable

-

-

-

-

2,359

1,405

1,307

1,189

-

-

Notes receivable

-

-

-

-

-

651

-643

82

-80

0

Repayment of notes payable

-

-

-

-

-

-

-

-

-2,322

0

Repayment of notes payable

-

-

-

993

-

-

-

-

-

-

Contribution from noncontrolling interest

-

-

-

-

-

-

400

-

-

-

Distribution to acquire noncontrolling interest

-

-

-

-

-

-

226

-

-

-

Issuance of common stock

3,309

2,689

-

-

-

-

-

-

0

430

Repayment of entrusted loan

27,125

-

-

-

-

-

-

-

-

-

Repayment of convertible notes

-

-

-

-

-

-

-

-

11,551

0

Contribution from noncontrolling interest

-

-

-

-

-

-

-

0

0

908

Distribution to acquire noncontrolling interest

-

-

-

-

-

-

-

0

-

-

Purchase of noncontrolling interest share

-

-

-

-

-

-

1,287

0

-

-

Proceeds from shares issued

-

-

-

-

-

18,918

0

-

-

-

Advance to related parties

-

-

-

-

-

-

-

-479

-

-

Advance from related parties

-

-

-

-

3

-2,361

2,334

-2,935

-

-

Net cash used in financing activities

-

-

-

-

-

60,803

44,504

-

-

-

Long term payable

-

-

-

-

-

-

-

-

6,032

0

Prepaid loan fees

-

-

-

-

-

-

-

-

394

0

Advance from related parties

-

-

-

-

-

-

-

-

1,510

682

Net cash used in (provided by) financing activities

-21,816

3,689

-740

-31,570

-54,431

-

-

-10,067

18,481

24,998

EFFECT OF EXCHANGE RATE CHANGE ON CASH AND EQUIVALENTS

-541

-2,464

3,103

-3,045

-2,402

209

783

129

740

-23

NET INCREASE (DECREASE) IN CASH AND EQUIVALENTS

-37,001

3,392

2,077

6,002

5,878

28,169

-37,302

30,055

3,877

9,960

Supplemental cash flow data:
Income tax paid

221

1,160

1,815

1,228

6,226

3,990

3,326

3,427

3,471

1,745

Interest paid

-

-

14

9,864

16,355

-

-

-

-

-

Supplemental disclosure of non-cash operating activities
Transfer of Xuzhou Huayu Project and Shenqiu Phase I & II project to Mr. Bai

35,415

-

-

-

-

-

-

-

-

-

Supplemental disclosure of non-cash financing activities
Conversion of notes into common shares

1,612

-

-

-

-

-

-

-

-

-

Adoption of ASC 842 - right-of-use asset

-118

-

-

-

-

-

-

-

-

-

Adoption of ASC 842 - operating lease liability

118

-

-

-

-

-

-

-

-

-

Interest paid

-

-

-

-

-

13,834

14,294

9,754

9,373

4,758

Conversion of convertible debt into common shares

-

-

-

-

-

-

-

3,000

-

-