Fanhua inc. (FANH)
CashFlow / Yearly
Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10
OPERATING ACTIVITIES
Net income

69,427

24,144

33,265

26,767

16,516

20,022

-97,958

63,080

Adjustments to reconcile net income to net cash generated from operating activities:
Depreciation

2,167

1,943

2,838

4,551

5,163

4,229

4,349

4,629

Amortization of intangible assets

5,099

2,914

1,786

2,712

2,257

2,453

4,203

-

Impairment loss on goodwill and intangible assets

-

-

-

-

-

-

168,023

-

Amortization of acquired intangible assets

-

-

-

-

-

-

-

3,261

Impairment loss for acquired intangible assets

-

-

-

-

-

-

-

697

Allowance for doubtful receivables

1,741

343

1,173

977

876

726

568

778

Compensation expenses associated with stock options

0

711

2,725

3,803

7,485

10,735

9,057

3,365

Loss (gain) on disposal of property, plant and equipment

16

-17

20

-47

2

-588

-86

15

Investment income

27,337

11,609

4,800

2,485

446

-

-

6,249

Gain on disposal of subsidiaries

309

444

-

-

-

-

-

-

Net income from discontinued operations

-

-

-

-

-

-

20,266

-

Share of income of affiliates

16,744

6,955

4,156

4,940

3,406

2,353

2,263

1,955

Changes in fair value of contingent assets

-

-

-

-

-

-722

-1,986

-

Deferred taxes

1,462

-2,122

-165

-212

-562

-482

-2,612

-220

Changes in operating assets and liabilities:
Accounts receivable

21,627

39,072

9,472

-2,585

2,064

5,522

-1,401

9,356

Insurance premium receivables

707

-193

163

36

8

1

-16

-21

Other receivables

31,840

921

-1,115

-2,368

-2,760

2,060

5,346

1,205

Amounts due from related parties

1,339

-537

1,249

405

-743

-

-

-

Other current assets

916

2,172

759

-467

642

686

-82

963

Other non-current assets

-

-

-

-

-231

225

-

-

Accounts payable

21,445

18,294

5,098

4,425

-932

-1,358

5,352

2,090

Insurance premium payables

-1,101

-44

-347

180

-186

-41

-214

92

Other payables and accrued expenses

3,520

20,556

11,039

630

1,192

29

10,347

-3,392

Accrued payroll

6,374

1,649

1,412

103

-398

1,190

1,018

1,004

Income taxes payable

10,717

4,253

993

-285

-2

-2,308

2,460

-376

Finance cost

-

-

-

-

-

391

-

-

Dividend received

-1,537

-

-

-

-1,249

-

-

-

Other tax liabilities

-374

349

2,419

1,278

520

643

1,330

452

Net cash generated from operating activities

23,381

12,652

43,426

42,170

30,716

25,330

78,075

55,554

Cash flows used in investing activities:
Purchase of short term investments

1,699,188

1,370,517

356,441

88,096

46,897

6,517

4,962

-

Proceeds from disposal of short term investments

1,772,368

1,271,116

153,577

19,052

5,334

11,409

-

-

Return of contingent consideration

-

-

-

-

-

2,006

-

-

Addition in other investments

-

-

-

-

-

-

-

380

Addition in investment in affiliates

-

-

-

-

-

-

95

5,986

Purchase of property, plant and equipment

3,212

1,712

1,029

1,001

5,976

1,866

3,314

3,697

Purchase of intangible asset

0

8,642

-

19

-

-

120

-

Proceeds from disposal of property and equipment

24

7

83

99

41

94

126

216

Acquisition of subsidiaries, net of cash acquired of RMB1,291, nil and nil in 2014, 2015 and 2016, respectively

-

0

-

10,107

-

-

7,944

46,643

Disposal of subsidiaries, net of cash disposed of RMB4,544 ,RMB1,336 and RMB94,677 (US$14,552) in 2015, 2016 and 2017, respectively

3,160

-4,231

-2,389

-

-

-

-

-

Repayments from (to) related parties

-

-

-

-

-

-

-

2,611

Decrease (increase) in restricted cash

-

2,326

1,560

-584

38

128

143

1,094

Decrease (increase) in other receivables

-76,849

0

2,489

18,314

-11,184

-545

-

-

Additions in investments in non-current assets

0

0

2,158

1,131

-

313

230

-

Return of investment in non-current assets

-

0

-

629

-

209

-

-

Disposal of subsidiaries, net of cash disposed of RMB23,607, RMB80 and RMB2,656 (US$439) in 2011, 2012 and 2013, respectively and transaction cost of RMB3,557 in 2011

-

-

-

-

-253

316

62,097

-414

Decrease in amounts due from related parties

6,371

0

27,969

-10,108

-10,291

33,041

-52,727

-

Net cash used in investing activities

-3,646

-107,843

-174,681

-71,784

-69,264

37,706

-7,312

-60,609

Cash flows from financing activities:
Acquisition of additional interests in subsidiaries

0

30,755

23,696

1,773

-

14,519

4,501

365

Payment for contingent consideration

-

-

-

-

-

-

15,888

18,997

Capital injection by noncontrolling interests

0

0

2,624

-

553

2,031

1,102

1,863

Payment for deferred consideration of acquisition of a subsidiary

0

603

-

-

-

-

-

-

Repayment of advances from a disposed subsidiary

15,899

-

-

-

-

-

-

-

Proceeds of employee subscriptions

3,410

-

-

-

-

-

-

-

Proceeds of issuance of ordinary shares upon private placement

30,907

-

-

-

-

-

-

-

Dividends paid

21,090

-

-

-

-

-

-

12,270

Dividend distributed to noncontrolling interests

0

0

378

-

-

-

-

-

Repayments to related parties

-

-

-

-

-

-

-

1,350

Proceeds from share issuances

-

-

-

-

-

-

-

112,692

Proceeds on exercise of stock options

9,982

165

234

513

-

56

843

1,527

Repurchase of ordinary shares

0

0

969

-

-

1,484

2,180

5,650

Net cash (used in) generated from financing activities

7,310

-31,193

-22,185

-1,260

553

-13,916

-20,624

77,450

Net (decrease) increase in cash and cash equivalents, and restricted cash

27,045

-

-

-

-

-

-

-

Effect of exchange rate changes on cash and cash equivalents

-1,677

354

949

968

-1,153

-411

-2,906

-1,638

Net decrease in cash and cash equivalents

-

-126,384

-153,440

-30,874

-37,995

49,120

50,139

72,395

Supplemental disclosure of cash flow information:
Interest paid

0

0

0

0

-

-

-

1

Income taxes paid

15,855

595

677

3,084

4,485

10,176

14,921

14,829

Non-cash investing activities
Acquisition of additional interest in subsidiaries

0

-

-

-

-

-

-

-

Disposal of a subsidiary

7,160

-

-

-

-

-

-

-

Other receivable and other non-current asset related to disposal of entities

6,479

-

-

-

-

-

-

-