| Dec'17 | Dec'16 | Dec'15 | Dec'14 | |||
|---|---|---|---|---|---|---|
Car rentals | ||||||
Car services | ||||||
Net revenues: | ||||||
Total net revenues | ||||||
421,056 | 303,751 | 223,938 | 137,182 | |||
Cost of revenues | ||||||
289,004 | 218,245 | 175,673 | - | |||
Gross profit | ||||||
132,052 | 85,505 | 48,265 | - | |||
Total operating expenses: | ||||||
Selling and marketing expenses: | ||||||
Third party | ||||||
18,869 | 9,763 | 7,544 | - | |||
Related party | ||||||
2,499 | 4,234 | 2,499 | - | |||
Vehicle operating expenses | ||||||
- | - | - | 115,833 | |||
Total selling and marketing expenses | ||||||
21,368 | 13,997 | 10,043 | 5,691 | |||
General and administrative expenses | ||||||
41,601 | 36,286 | 28,335 | 21,294 | |||
Other operating income | ||||||
578 | 1,484 | 1,661 | 2,759 | |||
Total operating expenses | ||||||
62,391 | 48,799 | 36,716 | 140,060 | |||
Income from operations | ||||||
69,660 | 36,705 | 11,548 | -2,877 | |||
Interest income | ||||||
2,299 | 1,211 | 409 | 708 | |||
Interest expense: | ||||||
Third party | ||||||
42,049 | 29,731 | 16,914 | - | |||
Related party | ||||||
1,075 | 2,669 | 2,192 | - | |||
Total interest expense | ||||||
43,125 | 32,400 | 19,106 | 12,400 | |||
Gain from waiver of warrants | ||||||
0 | 0 | 2,604 | - | |||
Gain from sale of cost method investment | ||||||
0 | 0 | 123,971 | - | |||
Other income, net | ||||||
300 | 207 | 1,575 | - | |||
Early extinguishment of debt costs | ||||||
-3,070 | - | - | - | |||
Other expenses, net | ||||||
- | - | - | -135 | |||
Income before income taxes | ||||||
26,065 | 5,724 | 121,002 | -14,704 | |||
Provision for income taxes | ||||||
7,281 | 952 | 13,505 | 308 | |||
Net income | ||||||
18,784 | 4,772 | 107,496 | - | |||
Net loss | ||||||
- | - | - | -15,012 | |||
Net income (loss) attributable to common shareholders | ||||||
- | 4,772 | 107,496 | -55,429 | |||
Change in cumulative foreign currency translation adjustment, net of tax of nil | ||||||
12,089 | -4,515 | 11,332 | -876 | |||
Comprehensive income | ||||||
30,873 | 256 | 118,828 | -15,888 | |||
Weighted average number of common shares used in computing net income per share | ||||||
Basic | shares | ||||||
138,794 | 137,621 | 126,758 | 19,198 | |||
Diluted | shares | ||||||
139,593 | 138,552 | 128,403 | 19,198 | |||
Net income (loss) per common share attributable to common shareholders | ||||||
Basic | ||||||
0.14 | 0.03 | 0.85 | -2.89 | |||
Diluted | ||||||
0.13 | 0.03 | 0.84 | -2.89 | |||
Net income per ADS | ||||||
Basic | ||||||
0.27 | 0.07 | 1.70 | - | |||
Diluted | ||||||
0.27 | 0.07 | 1.67 | - | |||