Daqo new energy corp. (DQ)
Balance Sheet / Quarterly
Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10
ASSETS:
Current assets:
Cash and cash equivalents

60,676

15,987

14,490

7,068

7,831

6,679

92,697

203,635

Restricted cash

11,989

15,893

19,062

22,169

8,826

10,649

-

-

Restricted cash

-

-

-

-

-

-

11,600

64

Accounts receivable, net of allowance for doubtful accounts of $10,163 and $7,993 as of December 31, 2016 and 2017, respectively

2,971

4,836

19,849

8,714

9,909

27,822

19,081

15,180

Note receivables

27,285

13,025

11,109

50,239

15,929

4,631

3,663

-

Prepaid expenses and other current assets

8,182

8,027

12,235

12,835

23,870

23,933

11,152

4,995

Advances to suppliers

2,655

1,722

1,028

1,352

860

737

2,846

-

Advances to suppliers

-

-

-

-

-

-

-

4,949

Inventories

19,603

12,280

10,715

9,581

10,500

15,135

24,176

11,239

Amounts due from related parties

8,997

1,528

284

9,986

13,416

6,562

9,887

903

Deferred tax assets - current

-

-

-

-

-

358

4,348

770

Total current assets

142,362

73,302

88,776

121,949

91,144

96,511

179,452

241,738

Property, plant and equipment, net

579,128

557,427

544,326

559,006

488,504

677,895

636,474

399,558

Prepaid land use rights, net

25,888

24,809

27,122

29,006

30,377

36,157

35,316

8,597

Deferred tax assets

714

585

626

0

-

-

-

-

Cost method investment

687

581

0

-

-

-

-

-

Deferred tax assets

-

-

-

-

-

1,057

17,900

918

Other non-current assets

-

-

-

169

173

4,686

9,331

159

TOTAL ASSETS

748,781

656,708

660,851

710,131

610,199

816,307

878,476

650,970

LIABILITIES:
Current liabilities:
Short-term bank borrowings, including current portion of long-term bank borrowings

99,300

105,980

123,936

159,803

118,870

120,279

111,805

71,600

Accounts payable

22,403

18,745

17,491

16,784

17,695

12,346

10,479

4,302

Note payables

16,876

25,732

20,152

48,941

1,573

21,334

4,557

-

Advances from customers

16,690

7,519

8,183

7,308

13,217

29,396

26,060

45,604

Payables for purchases of property, plant and equipment

25,144

51,322

49,674

64,575

51,766

45,468

37,144

16,701

Accrued expenses and other current liabilities

16,134

8,320

8,616

8,955

7,461

7,617

9,164

19,428

Amounts due to related parties

6,769

26,829

46,396

89,698

88,537

23,708

3,159

-

Income tax payable

13,191

5,300

940

0

-

160

15,469

13,373

Total current liabilities

216,511

249,750

275,393

396,067

299,123

260,311

217,840

171,009

Long-term bank borrowings

113,588

111,948

118,548

77,336

134,870

187,520

165,646

83,001

Long-term payables for purchase of property, plant and equipment

-

-

-

-

-

1,126

4,157

-

Advances from customers

-

-

-

3,401

11,924

0

12,507

-

Deferred government subsidies

24,153

23,279

25,252

26,557

26,954

26,472

25,853

-

Amount due to related party (including amount due to related party of the consolidated variable interest entity without recourse to the Company of $70,071 and $nil as of December 31, 2010 and 2011, respectively)

-

-

-

-

-

-

-

397

Accrued warranty cost

-

-

-

-

-

-

444

139

Total liabilities

354,253

384,979

419,194

503,363

472,872

475,430

426,450

254,548

Commitments and contingencies (Note 18)

0

0

0

0

0

0

0

0

EQUITY:
Ordinary shares;
$0.0001 par value 500,000,000 shares authorized as of December 31, 2016 and 2017; 279,214,103 shares issued as of December 31, 2016 and 2017 and 262,956,278 and 270,918,702 shares outstanding as of December 31, 2016 and 2017, respectively

27

26

26

22

17

17

-

-

Additional paid in capital

247,076

240,111

236,358

203,125

146,676

144,755

-

-

Ordinary shares; $0.0001 par value 500,000,000 shares authorized as of December 31, 2011 and 2012; 175,714,103 and 175,714,103 shares issued as of December 31, 2011 and 2012, respectively and 175,714,103 and 172,877,433 shares outstanding as of December 31, 2011 and 2012, respectively

-

-

-

-

-

-

17

17

Additional paid in capital

-

-

-

-

-

-

142,511

140,305

Retained Earnings

133,273

40,432

-3,061

-16,018

-32,667

38,276

150,204

116,881

Accumulated other comprehensive income (loss)

13,107

-8,721

8,780

20,037

23,699

19,551

18,444

6,276

Treasury shares, at cost (4,643,150 shares as of December 31, 2016 and 2017)

1,748

1,748

1,748

398

398

494

0

-

Total shareholders' equity

391,735

270,099

240,354

206,768

137,326

202,105

311,178

263,480

Non-controlling interest

2,792

1,629

1,302

0

-

138,772

140,847

132,941

Total equity

394,528

271,728

241,656

206,768

137,326

340,877

452,026

396,422

TOTAL LIABILITIES AND EQUITY

748,781

656,708

660,851

710,131

610,199

816,307

878,476

650,970