Ever-glory international group, inc. (EVK)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
CASH FLOWS FROM OPERATING ACTIVITIES
NET LOSS

-2,698

1,005

-1,104

1,773

-455

4,958

3,176

2,719

587

5,546

3,118

2,602

799

3,220

412

3,052

-500

4,667

2,725

3,517

2,396

-

-

-

-

-

-

-

-

-

-

-

2,121

-

2,702

2,258

2,611

Net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,136

5,530

2,389

1,040

3,883

2,727

3,087

-

-

-

-

-

-

-

-

Adjustments to reconcile net loss to cash provided by operating activities:
Depreciation and amortization

1,587

1,415

2,333

2,266

2,225

141

1,620

2,366

2,537

1,949

1,585

1,240

2,241

2,578

2,006

1,573

1,758

1,669

2,148

2,168

2,510

2,201

1,868

1,571

1,890

1,646

1,131

2,060

1,630

1,393

1,270

1,136

1,160

1,095

1,014

876

790

Gain on disposal of intangible assets

268

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss from sale of property and equipment

-102

7

37

-1

-52

-6

-96

-2

-4

-19

0

0

-5

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision of bad debt allowance

278

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for obsolete inventories

4,204

-1,042

2,022

0

1,824

627

1,071

0

1,626

-

-

-

-

-

-

-

2,098

3,687

3

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for obsolete inventories

-

-

-

-

-

-

-

-

-

-

519

0

4,105

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for doubtful accounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of derivative liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

2

292

-285

91

180

110

-129

15

134

195

Deferred income tax

104

916

-927

-1,316

-145

336

-863

-609

-234

474

-260

-564

-1,180

556

-65

271

-285

1,177

-1,888

131

-128

-934

-127

-2,417

8

3,720

-111

93

462

133

-67

181

381

654

764

-260

175

Interest on loans from related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

Stock based compensation

5

0

4

0

8

-

-

-

-

8

0

0

10

0

0

5

0

-

-

-

-

-

-

-

-

0

9

0

10

0

9

0

9

0

9

0

10

Changes in operating assets and liabilities
Accounts receivable

-34,906

-6,340

21,481

9,234

-31,027

-5,119

35,162

8,316

-28,466

-1,601

26,670

9,622

-23,487

-9,275

19,776

6,134

-30,037

11,083

23,509

-10,171

-23,930

279

33,011

-1,631

-17,809

7,260

22,324

-9,293

-10,700

26,209

5,617

557

-14,852

12,743

9,652

-610

-8,802

Accounts receivable - related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-7

-

-

-

90

Inventories

-10,303

166

6,124

9,412

-10,557

-16,369

21,958

10,744

129

4,496

-8,327

17,291

-5,541

4,663

-15,392

3,542

-7,443

2,754

2,241

16,480

-9,214

-15,428

14,012

4,963

-3,036

12,259

13,415

12,356

-2,626

-1,753

11,577

7,219

-5,000

35

8,631

2,730

-2,693

Value added tax receivable

-210

-1,358

785

902

-1,406

-586

251

1,214

-1,895

-162

-684

2,682

-1,236

-2,054

-131

3,382

-799

-1,604

458

1,610

-277

-4,290

3,099

855

430

-3,777

2,262

1,404

-226

-1,055

405

1,577

14

-2,841

1,221

886

821

Other receivables and prepaid expenses

-364

1,344

-236

473

-3,975

-14,133

10,850

9,774

-832

-2,259

2,722

130

543

-1,417

-528

-1,997

3,163

537

852

288

-1,153

-13

1,250

71

458

179

197

-209

-98

213

113

217

77

154

-119

43

-51

Advances on inventory purchases

-2,855

181

861

2,843

-490

-4,501

1,054

5,970

1,175

-1,926

-1,065

954

1,730

-1,155

816

-238

-2,196

-2,284

5,921

-3,771

2,716

-4,044

1,584

113

291

-2,328

2,896

1,002

470

-3,063

4,065

1,019

-464

81

471

-1,296

759

Amounts due from related parties

-142

-51

-145

232

-103

2,765

1,113

-1,282

165

-345

776

-334

495

88

-826

-540

-552

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

-19,864

-8,558

32,207

551

-26,505

-21,062

43,843

3,648

-17,944

15,227

3,804

4,220

-11,762

10,425

6,380

-1,066

-19,781

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amounts due from related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,357

-1,812

-3,463

3,277

-212

1,307

-1,529

194

457

-503

357

2,403

573

-6,030

-7,590

-3,257

-38

744

4,297

1,721

Accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,475

19,777

-2,683

-10,733

-25,676

34,611

-6,980

-15,412

4,287

26,492

2,442

-12,019

10,045

6,552

3,679

-12,273

6,105

5,916

3,463

-6,706

Accounts payable and other payables- related parties

-1,038

868

-750

799

-741

6,122

1,638

-832

-653

119

1,050

709

-1,527

323

905

242

-517

1,960

-2,715

1,267

-2,341

-2,447

3,689

-968

-1,558

-1,094

1,888

-568

691

2,076

-1,579

661

-741

711

240

-1,188

1,050

Other payables and accrued liabilities

-5,587

6,542

195

-1,224

-9,565

-8,450

6,048

13,188

-5,182

2,679

-866

441

-1,794

-2,769

1,563

-2,368

-2,484

1,708

2,739

388

-2,375

1,992

3,980

-100

-975

3,864

1,222

2,036

-1,960

-1,007

5,356

1,179

-1,142

1,028

441

1,732

-756

Value added and other taxes payable

-31

1,172

564

-1,896

-2,788

1,682

2,032

-3,936

-1,988

3,128

1,487

-1,335

-2,713

615

461

-795

-1,653

2,360

-551

-2,545

1,766

-251

1,720

-551

-80

1,491

-340

-964

886

2,160

-226

-43

11

1,139

-391

677

-229

Income tax payable

-1,019

-1,155

539

534

-327

-365

1,253

-272

-670

18

497

2

-755

421

-163

-604

-1,693

-1,874

1,743

179

-1,278

139

1,090

3,327

502

-766

650

-356

-33

658

12

-34

-56

-269

-241

245

313

Net cash provided by operating activities

24,555

7,456

6,314

-20,926

11,141

23,684

-10,467

-18,462

7,807

31,508

-9,167

-22,342

14,925

25,521

8,799

-4,960

14,807

6,499

-7,073

1,306

18,398

8,676

-2,157

-3,432

6,235

8,151

-5,766

1,879

3,241

3,422

-2,308

6,391

12,849

2,806

-10,146

1,694

5,219

CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property and equipment

78

2,120

2,473

1,951

2,131

3,038

2,849

3,743

2,552

4,208

2,136

1,011

1,209

2,439

2,885

4,059

1,633

2,668

3,279

1,028

4,410

2,606

2,685

2,453

1,731

1,432

2,106

2,887

1,755

2,540

2,961

1,415

732

1,184

1,173

1,076

458

Disposal of intangible assets

353

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

18

45

1

3

144

16

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

275

-2,120

-2,473

-1,951

-2,131

-3,038

-2,849

-3,743

-2,552

-4,208

-2,136

-1,011

-1,209

-2,439

-2,885

-4,059

-1,633

-2,638

-3,222

-3,216

-4,407

-2,464

-3,980

-2,453

-1,731

-1,399

-2,106

-2,873

-1,755

-2,540

-2,961

-1,415

-732

-1,184

-1,173

-1,076

-458

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from bank loans

11,464

16,958

26,250

10,291

6,029

24,134

11,761

10,765

17,346

15,123

21,906

9,993

15,671

27,256

26,968

24,702

23,593

50,613

33,582

24,365

28,350

44,835

19,884

35,774

37,918

37,556

36,239

19,759

22,468

30,805

23,206

11,076

13,500

18,844

17,920

11,295

17,261

Repayment of bank loans

14,884

23,045

15,716

12,496

7,408

30,288

9,692

15,753

14,780

22,924

15,551

4,908

12,913

46,714

20,604

22,271

26,250

56,234

21,340

29,166

43,051

33,684

26,227

31,882

39,378

32,868

33,081

17,542

27,748

22,535

7,064

13,653

17,834

19,904

9,070

10,144

16,023

Interest income received from related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,602

1

4

-1,307

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of counter guarantee from related party

748

2,471

2,543

4,661

3,488

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,806

-

-

-

-

-

-

-

-

Repayment of loans from related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,831

-18

2,444

0

-

-

-

-

-

-

-

-

-

-

-

0

0

0

899

100

Advances to related party

-

1,626

1,301

3,291

2,163

245

-551

1,042

7,692

655

31

4,691

1,742

-12

1,216

0

0

1,768

2,290

2

813

3

-6

-18

5,065

3,104

-13

2,431

4,812

-

-

-

-

-

-

-

-

Interest income received from related party

-

-

-

-

-

-

-

-

-

-

-

-

-

132

-12

919

917

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Advances to related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,986

-

-

0

0

Net cash provided by (used in) financing activities

-2,672

-4,770

11,776

-835

-54

23

3,296

-3,474

-5,126

-6,772

13,438

876

1,016

-14,498

5,136

3,350

-1,740

-7,410

9,934

-2,359

-15,514

11,964

-2,795

3,905

-5,217

9,378

3,141

378

5,713

-2,197

8,613

-10,385

-8,320

-1,060

8,849

251

1,137

EFFECT OF EXCHANGE RATE CHANGES ON CASH

1,497

2,966

-2,920

362

1,908

1,864

-1,940

-3,059

2,172

1,549

811

230

80

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH

23,655

3,532

12,697

-23,350

10,864

22,533

-11,960

-28,738

2,301

22,077

2,946

-22,247

14,812

6,971

10,842

-7,164

11,937

-4,172

-1,377

-3,728

-2,155

18,148

-9,026

-1,701

-1,059

16,064

-4,428

-467

7,238

-1,026

3,208

-5,600

3,961

640

-2,530

1,028

5,992

Reconciliation of cash, cash equivalents and restricted cash reported within their consolidated balance sheets:
Cash and Cash Equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-208

-1,495

503

-623

-1,016

540

-631

-26

-92

278

-345

-66

303

148

38

288

-134

-190

164

78

-60

158

95

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Interest

341

186

265

408

363

553

278

360

564

1,003

0

318

327

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

580

334

597

563

572

716

776

872

914

774

707

719

757

736

791

648

449

458

546

513

411

258

261

Income taxes

-

-

-

-

-

-

-

-

-

-

0

1,267

1,853

-

920

1,591

2,851

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes

1,218

2,131

1,760

2,310

126

1,923

1,411

1,078

1,938

-

-

-

-

-

-

-

-

2,482

1,210

1,070

2,231

1,907

642

969

385

989

536

1,028

171

292

210

158

214

131

146

233

189