| May'18 | May'17 | May'16 | May'15 | May'14 | May'13 | May'12 | May'11 | May'10 | May'09 |
|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities | |||||||||
Net income | |||||||||
297,237 | 276,796 | 225,328 | 192,718 | 215,704 | 136,269 | 132,688 | 101,539 | 77,562 | 60,853 |
Adjustments to reconcile net income to net cash provided by operating activities | |||||||||
Depreciation of property and equipment | |||||||||
77,081 | 53,864 | 47,281 | 46,663 | 43,578 | 38,984 | 26,219 | 16,407 | 12,190 | 10,362 |
Amortization of intangible assets | |||||||||
1,839 | 1,419 | 1,122 | 607 | 113 | 101 | 52 | 529 | 79 | 159 |
Amortization of land use rights | |||||||||
110 | 106 | 112 | 116 | 117 | 108 | 87 | 83 | 81 | 81 |
Loss on disposal of property and equipment | |||||||||
-2,032 | -1,747 | -2,061 | -2,904 | -2,023 | -1,362 | -543 | -431 | -214 | -14 |
Gain on disposal of a subsidiary | |||||||||
- | - | 3,760 | - | 3,621 | - | 408 | -1,537 | - | - |
Goodwill impairment | |||||||||
0 | 1,682 | 0 | 0 | - | - | - | - | 76 | - |
Impairment loss from long-term investments | |||||||||
980 | 2,338 | 0 | 0 | - | - | - | - | - | - |
Realized gain from long-term investments | |||||||||
7,366 | 7,086 | - | - | - | - | - | - | - | - |
Share-based compensation expenses | |||||||||
57,443 | 20,287 | 16,810 | 15,689 | 20,079 | 27,242 | 24,125 | 15,045 | 16,183 | 16,750 |
Allowance (reversal) for doubtful accounts | |||||||||
576 | 486 | 904 | 680 | 254 | 192 | 52 | 55 | 27 | 17 |
Provision (reversal) for inventory | |||||||||
-461 | -152 | 615 | - | - | - | - | - | - | - |
Write off of the amount due from related parties | |||||||||
- | - | - | - | - | - | - | 406 | - | 22 |
Loss from equity method investments | |||||||||
-379 | -3,289 | -4,425 | -1,537 | -1,453 | -1,427 | - | - | - | - |
Deferred income taxes | |||||||||
-14,821 | -518 | -1,936 | -5,548 | -2,193 | -3,630 | -3,255 | -1,154 | -1,871 | -1,143 |
Changes in operating assets and liabilities | |||||||||
Accounts receivables | |||||||||
-767 | 75 | 187 | 2,096 | -443 | -213 | 2,164 | -314 | 410 | 661 |
Inventory | |||||||||
5,855 | 5,224 | 6,264 | 1,750 | 481 | 1,664 | 1,753 | -91 | 1,982 | 4,309 |
Prepaid expenses and other current assets | |||||||||
51,738 | 14,796 | 7,711 | 22,503 | 20,168 | -2,846 | 23,672 | 10,012 | 7,953 | 387 |
Amounts due from related parties | |||||||||
-4,250 | 1,288 | -1,108 | -3 | 1,864 | 1,741 | 1,449 | - | - | - |
Long-term deposits | |||||||||
-14,300 | -9,652 | -532 | -2,598 | -207 | 968 | -4,861 | -3,859 | -1,645 | -2,017 |
Long term prepaid rent | |||||||||
-1,185 | 624 | -169 | -668 | -157 | -1,010 | -633 | 816 | 521 | 1,328 |
Accounts payable | |||||||||
13,728 | 3,592 | 4,830 | 9,248 | 272 | -701 | -740 | -2,068 | 1,746 | 2,141 |
Accrued expenses and other current liabilities | |||||||||
68,226 | 40,331 | 54,364 | 11,120 | 44,775 | 22,047 | 28,395 | 19,749 | 13,857 | 1,136 |
Income taxes payable | |||||||||
15,473 | 18,529 | 7,878 | 7,607 | 1,286 | 6,266 | 2,854 | 929 | 2,023 | 910 |
Amounts due to related parties | |||||||||
-21 | 8 | -1,887 | 1,994 | -1,097 | 912 | 164 | -14 | -88 | 14 |
Deferred revenue | |||||||||
334,383 | 237,635 | 179,583 | 117,086 | 60,722 | 51,417 | 71,794 | 76,627 | 32,322 | 14,568 |
Net cash provided by operating activities | |||||||||
781,127 | 622,694 | 524,313 | 374,145 | 361,345 | 283,628 | 249,304 | 215,819 | 141,890 | 97,182 |
Cash flows from investing activities | |||||||||
Payments for restricted cash | |||||||||
732 | 1,197 | 5,461 | 2,055 | 3,282 | 496 | 158 | 2,687 | 43 | 29 |
Proceeds from release of restricted cash | |||||||||
1,159 | 1,333 | 4,747 | 976 | 2,537 | 2,555 | - | - | - | - |
Purchase of term deposits | |||||||||
117,166 | 130,000 | 64,540 | - | - | - | - | - | - | - |
Proceeds from maturity of term deposits | |||||||||
212,690 | 18,836 | 42,603 | - | - | - | - | - | - | - |
Payments for short-term investments | |||||||||
1,250,239 | 1,343,198 | 1,112,172 | 32,703 | 72,497 | - | - | - | - | - |
Proceeds from maturity of short-term investments | |||||||||
1,025,721 | 820,380 | 851,250 | - | - | - | - | - | - | - |
Settlement of bank deposits maturing over three months | |||||||||
- | - | - | 62,924 | 22,187 | 2,459 | 104,802 | -7,092 | -78,108 | -6,012 |
Investments in short-term held-to-maturity investments | |||||||||
- | - | - | 943,476 | 1,849,087 | 1,795,461 | 656,622 | - | - | - |
Settlement of short-term held-to-maturity investments | |||||||||
- | - | - | 992,117 | 1,698,643 | 1,627,467 | 481,477 | - | - | - |
Purchase of property and equipment | |||||||||
214,255 | 105,736 | 64,401 | 55,318 | 31,703 | 61,468 | 71,690 | 49,138 | 19,558 | 15,998 |
Proceeds from disposal of property and equipment | |||||||||
9,812 | 2,807 | 1,310 | 1,738 | 946 | 3,455 | 3,210 | 1,714 | 333 | 247 |
Purchase of intangible assets | |||||||||
- | - | - | - | - | - | - | 415 | - | - |
Purchase of China Management Software Institute, net of cash acquired of US$68 | |||||||||
- | - | - | 4,551 | - | 10,059 | - | - | - | - |
Purchase of Qingdao Alice, net of cash acquired of US$2,306 (Note 3) | |||||||||
- | - | - | 10,623 | - | - | - | - | - | - |
Purchase of business, net of cash acquired | |||||||||
999 | - | - | - | - | - | - | - | - | - |
Payments for available-for-sale investments | |||||||||
55,206 | 43,498 | 78,764 | 26,076 | 16,076 | - | - | - | - | - |
Payments for equity method investments | |||||||||
456 | 1,473 | 468 | 10,955 | - | 6,500 | - | - | - | - |
Purchase of held-to-maturity investments | |||||||||
- | - | - | 145,415 | 96,045 | - | - | 139,903 | - | - |
Proceeds from held-to-maturity investments | |||||||||
- | 112,200 | 115,178 | - | - | - | - | - | - | - |
Purchase of land use rights | |||||||||
5,357 | - | - | - | - | - | - | - | - | - |
Payments for cost method investments | |||||||||
11,688 | - | - | - | - | - | - | - | - | - |
Proceeds from cost method investment | |||||||||
- | - | 540 | - | - | - | - | - | - | - |
Loans provided to related parties | |||||||||
- | 1,810 | 2,575 | - | - | - | - | - | - | - |
Proceeds from disposal of subsidiaries | |||||||||
- | - | - | - | - | - | - | 1,127 | - | - |
Proceeds received from disposal of Mingshitang | |||||||||
- | - | - | - | - | 160 | - | 150 | - | - |
Net cash used in investing activities | |||||||||
-406,716 | -672,264 | -309,737 | -173,417 | -344,377 | -237,888 | -143,701 | -198,152 | -97,925 | -22,262 |
Cash flows from financing activities | |||||||||
Proceeds from issuances of common shares upon exercise of share option | |||||||||
1 | 542 | 2,176 | 11,332 | 21,849 | 4,652 | 945 | 6,432 | 12,446 | 5,322 |
Withholding tax for employees | |||||||||
7,241 | 4,557 | 6,419 | - | - | - | - | - | - | - |
Cash paid for shares repurchased | |||||||||
- | - | - | 59,420 | 21,487 | 28,511 | - | - | 29,996 | 35,455 |
Cash paid for dividend | |||||||||
71,153 | - | 62,668 | - | 54,476 | 46,990 | - | - | - | - |
Capital contribution from non-controlling interests | |||||||||
93,159 | 8,807 | 69,747 | 3,791 | - | - | - | - | - | - |
Repurchase of shares from non-controlling interests | |||||||||
89,647 | - | 3,752 | - | - | - | - | - | - | - |
Proceeds from changes in amount due to related parties | |||||||||
- | - | - | - | - | - | - | - | - | 8 |
Net cash (used in) provided by financing activities | |||||||||
-74,881 | 4,792 | -916 | -44,297 | -54,114 | -70,849 | 945 | 6,432 | -17,550 | -30,125 |
Effects of exchange rate changes | |||||||||
42,771 | -23,413 | -35,749 | 3,274 | -8,427 | 14,014 | 4,453 | 12,057 | -83 | 1,537 |
Net change in cash and cash equivalents | |||||||||
342,301 | -68,191 | 177,911 | 159,705 | -45,573 | -11,095 | 111,001 | 36,156 | 26,332 | 46,332 |
Supplement disclosure of cash flow information | |||||||||
Income taxes paid | |||||||||
57,005 | 36,665 | 32,037 | - | - | - | - | - | - | - |
Income taxes paid | |||||||||
- | - | - | 23,896 | 26,987 | 12,525 | 11,178 | 7,977 | 5,823 | 7,426 |
Non-cash investing and financing activities | |||||||||
Payable for investments and acquisitions | |||||||||
5,420 | - | - | - | - | - | - | - | - | - |
Payable for purchase of property and equipment | |||||||||
45,590 | 21,445 | 11,953 | 7,433 | 6,018 | 7,652 | 7,069 | 7,475 | 3,374 | 1,817 |
Payable for long term available-for-sale investment | |||||||||
- | - | - | 1,452 | - | - | - | - | - | - |