| Dec'17 | Dec'16 | Dec'15 | Dec'14 | |||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net income | ||||||
18,784 | 4,772 | 107,496 | - | |||
Net loss | ||||||
- | - | - | -15,012 | |||
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Provision for doubtful accounts | ||||||
812 | 222 | 253 | 149 | |||
Depreciation and amortization | ||||||
116,051 | 96,214 | 73,284 | - | |||
Depreciation and amortization | ||||||
- | - | - | 46,327 | |||
Amortization of debt issuance costs and discounts | ||||||
4,204 | 2,502 | - | - | |||
Amortization of 2018 Senior Notes issuance costs and discounts | ||||||
- | - | 125 | - | |||
Share-based compensation | ||||||
2,088 | 2,310 | 2,158 | 2,043 | |||
Gain from waiver of warrants | ||||||
0 | 0 | 2,604 | - | |||
Gain from sale of cost method investment | ||||||
0 | 0 | 123,971 | - | |||
Deferred taxes | ||||||
4,467 | -358 | - | - | |||
Foreign currency exchange (gain) loss, net | ||||||
7,280 | -1,671 | - | - | |||
Early extinguishment cost | ||||||
-3,070 | - | - | - | |||
Cost related to aborted offering | ||||||
603 | - | - | - | |||
Changes in operating assets and liabilities: | ||||||
Accounts receivable | ||||||
23,850 | 5,042 | 10,702 | 7,882 | |||
Receivables due from a related party | ||||||
12,536 | -808 | 1,134 | - | |||
Prepaid expenses and other assets | ||||||
25,392 | 36,241 | 25,701 | 18,767 | |||
Income taxes payable | ||||||
1,958 | -12,139 | 12,658 | -6 | |||
Accounts payable | ||||||
3,783 | 1,260 | 378 | -171 | |||
Payables due to a related party | ||||||
-2,439 | 767 | 1,556 | - | |||
Accrued expenses and other current liabilities | ||||||
26,316 | 3,850 | 12,003 | 234 | |||
Net cash provided by operating activities | ||||||
110,641 | - | - | - | |||
Cash flows from investing activities: | ||||||
Net cash provided by operating activities | ||||||
- | 60,599 | 45,801 | 6,914 | |||
Purchase of property and equipment | ||||||
499,896 | 531,152 | 337,056 | 213,991 | |||
Purchase of intangible assets | ||||||
403 | 1,840 | 1,057 | 1,332 | |||
Proceeds from disposal of property and equipment | ||||||
162,500 | 59,155 | 37,320 | 14,561 | |||
Cash paid for cost method investment | ||||||
1,659 | 0 | - | 24,791 | |||
Proceeds from waiver of warrants | ||||||
0 | 0 | 2,841 | - | |||
Proceeds from sale of cost method investment, net of related transaction costs | ||||||
0 | 0 | 147,338 | - | |||
Cash paid relating to other investing activities | ||||||
0 | 0 | 322 | - | |||
Increase in restricted cash | ||||||
57,949 | 5,599 | 2,189 | 26,191 | |||
Cash paid for a business combination, net of cash acquired | ||||||
0 | 465 | - | - | |||
Cash paid for loans to a third party | ||||||
0 | 7,201 | - | - | |||
Net cash used in investing activities | ||||||
-397,408 | - | - | - | |||
Cash flows from financing activities: | ||||||
Net cash used in investing activities | ||||||
- | -487,103 | -153,125 | -251,746 | |||
Proceeds from issuance of convertible redeemable preferred shares | ||||||
- | 0 | - | 24,874 | |||
Payment of convertible redeemable preferred shares issuance costs | ||||||
- | 0 | - | 138 | |||
Proceeds from exercise of warrants | ||||||
- | 0 | - | 8,172 | |||
Proceeds from exercise of share options | ||||||
146 | 3,662 | 755 | - | |||
Proceeds from issuance of Class A common shares in private placement, net of issuance costs | ||||||
0 | - | - | 49,468 | |||
Proceeds from borrowings from third parties | ||||||
288,087 | 308,564 | 108,693 | 152,307 | |||
Proceeds from borrowings from a related party | ||||||
0 | 0 | 46,312 | - | |||
Repayment of borrowings to third parties | ||||||
221,550 | 168,047 | 114,429 | 46,194 | |||
Repayment of borrowings to a related party | ||||||
0 | 28,805 | - | - | |||
Payment for property and equipment beyond 3 months after purchase | ||||||
1,723 | - | - | - | |||
Proceeds from issuance of 2018 Senior Notes, net of issuance costs | ||||||
0 | - | - | - | |||
Proceeds from issuance of Class A common shares in IPO, net of issuance costs | ||||||
- | - | - | 103,865 | |||
Proceeds from issuance of Senior Notes, net of issuance costs | ||||||
- | 0 | 191,622 | - | |||
Payment for IPO issuance costs | ||||||
0 | 0 | 3,188 | - | |||
Payment of professional fees for issuance of 2018 Senior Notes | ||||||
0 | 394 | - | - | |||
Payment of professional fees for aborted offerings | ||||||
268 | - | - | - | |||
Repayment of Syndicated loan | ||||||
153,748 | - | - | - | |||
Proceeds from issuance of 2022 Senior Notes, net of issuance costs | ||||||
401,399 | - | - | - | |||
Net cash provided by financing activities | ||||||
312,342 | - | - | - | |||
Net cash provided by financing activities | ||||||
- | 114,978 | 352,160 | 292,355 | |||
Effect of exchange rate changes on cash and cash equivalents | ||||||
-3,775 | 11,860 | 15,110 | 99 | |||
Net increase (decrease) in cash and cash equivalents | ||||||
21,799 | -299,664 | 259,946 | 47,621 | |||
Supplemental disclosure for cash flow information | ||||||
Cash paid for interest | ||||||
26,660 | - | - | - | |||
Cash paid for interest | ||||||
- | 29,671 | 17,755 | 12,467 | |||
Cash paid for income taxes | ||||||
855 | 13,449 | 821 | 314 | |||
Supplemental disclosure of non-cash investing and financing activities: | ||||||
Sales of property and equipment included in receivables | ||||||
53,890 | 18,423 | 3,144 | 3,661 | |||
Changes in vehicle purchase deposits | ||||||
-8,158 | 29,410 | 6,567 | -8,866 | |||
Accrued IPO issuance costs | ||||||
- | 0 | - | - | |||
Accounts payable for purchase of property, plant and equipment | ||||||
88,617 | 23,504 | 120,096 | - | |||
Accrued professional fees for issuance of 2018 Senior Notes | ||||||
0 | 0 | 423 | - | |||
Accrued professional fees for aborted offering | ||||||
334 | - | - | - | |||
Subscription receivables related to share option exercises | ||||||
0 | 0 | 30 | - | |||