China hgs real estate inc. (HGSH)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10
Cash flows from operating activities
Net income (loss)

-624

-257

2,723

153

341

484

-1,381

3,379

2,039

1,205

3,169

1,574

823

762

-152

2,444

1,300

1,427

6,821

13,709

9,270

1,625

8,271

13,448

3,057

7,253

2,262

5,766

5,509

1,867

1,333

945

1,030

3,465

5,190

10,159

-96

Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Deferred tax provision (benefit)

-178

-56

928

53

152

168

664

953

235

145

80

86

0

0

247

229

88

66

500

635

510

223

578

798

304

-

0

0

0

-

-

-

-

-

-

-

-

Depreciation

18

18

19

19

20

19

-351

407

-382

412

28

7

14

15

15

19

19

20

20

21

20

21

11

24

19

21

22

22

22

25

19

22

22

29

18

17

17

Stock based compensation

-

-

-

-

-

-

9

-397

427

14

14

14

14

14

14

14

14

14

4

0

0

0

-

-

-

1

2

2

3

5

4

4

12

16

12

16

7

Changes in assets and liabilities:
Contract assets

-139

-511

-

-

1,361

-1,626

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Due from local government for real estate property development completed

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

0

-814

-8

3,183

0

-

-1,556

-633

4,664

-

0

0

0

-

-

-

-

Loans to outside parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-964

959

-0

-15

-1,497

-219

-284

-579

623

-792

-22

-4,198

Cost and earnings in excess of billings

-

-

-

-

-

-

-

-

-

-

-

132

-1,228

2,049

1,316

194

-483

-392

823

356

-1,062

-236

8,414

-2,732

-949

2,144

0

0

0

-

-

-

-

-

-

-

-

Real estate property development completed

-1,465

-1,472

-11,415

58,041

-235

-571

-90

-4,447

-8,274

-5,976

-12,115

-6,300

-8,240

-7,061

48,627

-2,394

-2,157

-2,258

73,247

-240

-1,239

-435

-1,754

-6,984

-557

852

-677

-4,004

-3,830

-957

9,780

-830

-881

4,785

620

1,958

-79

Real estate property under development

1,873

961

7,358

-49,687

-6,222

-2,423

4,357

6,106

2,130

4,361

16,394

-4,695

24,821

21,981

-23,817

20,636

14,369

7,098

-56,829

-5,745

132

-934

31,795

29,385

26,805

42,933

16,850

10,607

6,376

817

-5,997

3,406

1,898

-8,413

23,684

3,810

5,046

Other current assets

233

701

541

35

-11

159

33

-67

233

-236

-570

30

-1,154

522

-2,922

3,082

1,026

1,309

-216

220

-789

-386

72

128

89

-

-

-

9

-46

74

42

15

30

-2,074

2,091

22

Restricted cash

-

-

-

-

-

-

-

-

-

-

1,513

88

-24

-323

-

-

-

-

-

-

-

-

218

192

-35

-

-

49

77

-62

87

165

-5

-350

58

165

48

Advances to vendors

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-61

84

-

-

-204

269

0

-197

88

-977

-2,992

-331

1,806

648

-2,066

-1,966

-51

-

-

-

-

Contract receivables

-

-

-

-

-

-

-

-683

630

850

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Security deposit

1,599

1,596

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,868

-10

-2,546

-9,136

-

-

-

-

Accounts payables

-296

385

-2,967

12,454

-847

-89

3,637

-687

-4,161

-1,719

-731

-678

-3,755

-1,287

6,020

-1,777

-4,899

-8,509

11,246

-8,459

-7,121

-10,093

-282

-1,227

4,237

9,331

7,665

996

306

938

-121

-1,314

-3,203

4,862

348

1,313

-75

Other payables

112

-1

25

6

440

136

324

143

471

237

-96

-1,208

25

-7

-4,651

-3,088

-2,920

3,635

-1,570

338

415

132

4,618

2,049

1,764

-17

-30

473

178

205

238

131

310

138

-99

-93

-716

Contract liabilities

-39

-32

-

-

893

362

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contract liabilities

-

-

-

-

-

-

-

-607

-224

-429

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Customer deposits

723

1,625

-2,617

1,306

-1,108

-1,842

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Customer deposits

-

-

-

-

-

-

-

-

-962

492

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Billings in excess of cost and earnings

-

-

-

-

-

-

-

-

-

-

-

1,181

53

-19

456

-554

-1,095

122

-4,323

1,801

1,812

1,172

7,175

-403

-3,197

5,031

0

0

0

-

-

-

-

-

-

-

-

Customer deposits

-

-

-

-

-

-

-

-

-

-

-

-2,528

3,148

756

-2,145

-835

3,158

2,934

-854

-6,695

993

-1,884

4,643

1,394

4,875

-15,637

4,726

-2,618

3,019

-876

1,039

3,904

3,021

-4,047

6,286

-1,989

7,123

Construction deposits

-0

-0

-0

0

8

0

6

-0

-26

-6

463

-0

-2

-425

1,692

-771

-13

-452

1,641

22

-9

0

-9

0

14

-

-

-

-

-

-

-

-

-

-

-

-

Construction deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0

62

195

-158

6

-231

483

227

-0

Accrued expenses

-97

-578

131

44

21

-79

107

16

-112

-86

998

-804

-132

-112

-220

-811

-412

-24

74

359

441

326

333

-51

-103

236

98

93

90

281

42

75

-122

982

90

-22

-25

Taxes payables

-844

-534

433

-410

-636

-552

51

-671

-732

-61

757

25

410

150

462

-132

413

29

1,293

1,467

1,704

-699

1,475

3,291

-681

1,668

-411

1,485

-627

541

-340

94

-32

-526

-115

1,327

-757

Net cash provided by operating activities

-126

2,485

-269

1,742

4,395

3,069

-1,392

583

2,124

2,065

-2,022

8,415

-13,572

-17,320

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-585

-719

733

644

-8,497

11,280

-24,466

2,961

4,637

Net cash used in operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-26,759

-17,040

-6,577

-2,985

8,675

11,201

-6,638

-11,921

-3,650

-15,149

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of fixed assets

-

-

-

-

-

-

-

-26

7

390

7

89

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

209

-2

-61

-0

-150

-17

-13

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-

-

-

-

-

-

-

26

-7

-390

-7

-89

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash flow from financing activities
Net proceeds (repayments) of shareholder loans

-

0

-

-

-

485

-

173

-207

-122

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of construction loans

10

2,118

-

-

3,965

5,261

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds (repayments) of bank loans

-

-

-

-

-

-

-

1,915

17

863

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from bank loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,886

-22

8

8,161

16,046

0

0

0

-

-

-

-

-

-

-

-

Proceeds from other loans

-

-

-

-

-

-

-

-

-

-

186

-0

4,982

21,488

30,864

29,047

22,921

10,824

17,883

4,903

4,884

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from shareholder loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,396

-2

-9

852

1,141

4,644

3,788

2,068

-21

3,272

4,325

0

0

0

0

0

0

0

3,142

-

-

-

-

Repayment of shareholder loans

-

-

-

-

-

-

-

-

-

-

3,899

4,942

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

3,142

-

-

-

-

Repayments of other loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

727

-19

415

5,163

8,770

3,220

8,873

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

27,265

17,496

6,452

596

-5,921

-11,618

6,942

11,755

3,281

12,487

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-10

-2,118

81

-2,191

-4,451

-4,776

1,888

-1,741

-225

-985

621

-7,368

5,478

21,488

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

-4,875

6,685

0

0

Effect of changes of foreign exchange rate on cash

-

-

-

-

-

-

-

-

-

-

85

46

135

-319

-93

-58

7

-25

-60

11

4

1

-5

-20

17

696

41

3

4

26

10

42

25

241

-92

130

203

Effect of changes of foreign exchange rate on cash and restricted cash

-12

116

-

-111

410

-283

-

-384

254

117

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and restricted cash

-149

483

-377

-560

354

-1,989

620

-1,515

2,146

807

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental disclosures of cash flow information:
Interest paid

1,693

1,722

1,759

1,825

1,827

1,786

1,821

1,813

1,527

1,481

1,512

1,462

1,407

1,374

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,881

475

486

484

299

555

500

391

396

355

55

0

0

0

0

0

0

0

0

0

0

0

Income taxes paid

349

26

60

78

106

102

-206

434

445

98

39

325

185

170

55

207

93

69

42

30

13

58

46

59

185

537

206

-366

404

105

-35

40

18

769

165

165

32

Reconciliation to amounts on condensed consolidated balance sheets:
Net increase (decrease) in cash

-

-

-

-

-

-

-

-

-

-

-1,323

1,003

-7,958

3,847

4,315

439

462

-151

-2,450

2,765

-412

304

-171

-389

-2,644

2,989

2,176

188

-580

-693

744

687

-8,472

6,196

-17,913

3,092

4,840