| Jun'18 | Dec'17 | Jun'17 | Jun'16 | Jun'15 | Jun'14 | Jun'13 | Jun'12 | Jun'11 | Jun'10 |
|---|---|---|---|---|---|---|---|---|---|
ASSETS | |||||||||
Current assets: | |||||||||
Cash and cash equivalents | |||||||||
265,675 | 231,070 | 197,640 | 229,095 | 207,834 | 162,159 | 112,228 | 96,332 | 90,669 | 119,501 |
Time deposits with maturities over three months | |||||||||
139,433 | 134,379 | 96,214 | 42,368 | 49,650 | 28,334 | 20,858 | 21,586 | 0 | - |
Restricted cash | |||||||||
20,233 | 35,986 | 39,534 | 27,592 | 25,337 | 8,359 | 3,390 | 5,544 | 4,115 | - |
Contract commitment deposit in banks | |||||||||
- | - | - | - | - | - | - | - | - | 4,383 |
Accounts receivable, net of allowance for doubtful accounts of $ 48,089 and $49,094 as of June 30, 2017 and 2018, respectively | |||||||||
275,216 | 257,611 | 246,552 | 237,179 | 252,538 | 258,885 | 176,598 | 136,589 | 98,002 | 64,384 |
Costs and estimated earnings in excess of billings, net of allowance for doubtful accounts of $8,660 and $9,929 as of June 30, 2017 and 2018, respectively | |||||||||
161,012 | 199,736 | 162,096 | 189,928 | 165,337 | 179,688 | 143,752 | 115,161 | 103,515 | 60,928 |
Other receivables, net of allowance for doubtful accounts of $1,448 and $4,946 as of June 30, 2017 and 2018, respectively | |||||||||
30,467 | 16,857 | 20,036 | 13,358 | 12,471 | 11,039 | 11,722 | 7,287 | 5,057 | 4,102 |
Advances to suppliers | |||||||||
9,685 | 8,523 | 9,964 | 11,661 | 15,286 | 11,588 | 8,593 | 10,300 | 7,818 | 10,676 |
Amounts due from related parties | |||||||||
33,678 | 28,642 | 34,142 | 28,012 | 39,077 | 23,720 | 26,511 | 16,336 | 12,175 | 10,764 |
Inventories | |||||||||
58,074 | 47,602 | 45,660 | 36,401 | 34,706 | 35,053 | 34,104 | 26,745 | 27,972 | 23,554 |
Prepaid expenses | |||||||||
713 | 797 | 619 | 569 | 594 | 868 | 1,073 | 876 | 1,018 | 1,022 |
Income tax recoverable | |||||||||
6,712 | 170 | 5,169 | 4,488 | 596 | 666 | 1,704 | 139 | 1,098 | 1,083 |
Deferred tax assets | |||||||||
0 | 0 | 7,730 | 6,659 | 3,214 | 6,687 | 3,033 | 772 | 2,021 | 956 |
Assets held for sale | |||||||||
- | - | - | - | - | 2,847 | 2,876 | 0 | 8,945 | - |
Total current assets | |||||||||
1,000,898 | 961,373 | 865,356 | 827,310 | 806,640 | 729,893 | 546,448 | 437,672 | 362,411 | 301,359 |
Non-current assets: | |||||||||
Restricted cash | |||||||||
1,401 | 461 | 522 | 402 | 3,994 | 7,498 | 6,754 | 0 | - | - |
Prepaid expenses | |||||||||
- | 8 | - | 13 | 13 | 108 | 425 | 0 | - | - |
Property, plant and equipment, net | |||||||||
80,210 | 84,025 | 80,529 | 79,938 | 80,222 | 82,345 | 79,496 | 63,536 | 53,581 | 65,345 |
Prepaid land leases | |||||||||
10,172 | 10,472 | 10,206 | 10,773 | 11,649 | 12,397 | 12,629 | 6,870 | 6,171 | - |
Intangible assets, net | |||||||||
3,186 | 1,602 | 1,928 | 856 | 1,693 | 6,510 | 11,817 | 594 | 0 | - |
Advance payment for acquisition of a subsidiary | |||||||||
- | - | - | - | - | - | - | - | 16,856 | - |
Investments in equity investees | |||||||||
53,389 | 58,219 | 47,242 | 18,714 | 12,512 | 15,062 | 16,063 | 13,080 | 15,596 | - |
Investments in cost investees | |||||||||
4,195 | 4,191 | 4,024 | 4,108 | 4,464 | 4,436 | 3,715 | 2,996 | 2,975 | - |
Goodwill | |||||||||
48,359 | 51,175 | 47,326 | 59,847 | 59,918 | 66,640 | 65,787 | 27,588 | 0 | - |
Long term investments (note 7) | |||||||||
- | - | - | - | - | - | - | - | - | 17,348 |
Deferred tax assets | |||||||||
8,318 | 8,583 | 1,121 | 2,195 | 2,581 | 1,806 | 1,494 | 414 | 991 | 677 |
Total non-current assets | |||||||||
209,230 | 218,736 | 192,898 | 176,846 | 177,046 | 196,802 | 198,184 | 115,082 | 96,171 | - |
Total assets | |||||||||
1,210,128 | 1,180,109 | 1,058,254 | 1,004,156 | 983,686 | 926,695 | 744,632 | 552,754 | 458,583 | 384,730 |
LIABILITIES AND STOCKHOLDERS' EQUITY | |||||||||
Current liabilities (including amounts of the VIE without recourse to the primary beneficiary of $14,051 and $19,234 as of June 30, 2017 and 2018, respectively): | |||||||||
Derivative financial liability | |||||||||
412 | 535 | 487 | 398 | - | - | - | - | - | - |
Short-term bank loans | |||||||||
2,865 | 7,859 | 8,121 | 3,051 | 16,295 | 4,494 | 8,329 | 0 | 11,528 | 1,472 |
Current portion of long-term loans | |||||||||
350 | 401 | 420 | 6,833 | 14,111 | 8,517 | 8,671 | 7,914 | 5,408 | 1,472 |
Current portion of long-term bond payable (note 10) | |||||||||
- | - | - | - | - | - | - | - | - | 11,780 |
Accounts payable | |||||||||
129,477 | 126,095 | 122,714 | 106,833 | 105,292 | 135,669 | 111,052 | 78,761 | 63,397 | 41,479 |
Construction costs payable | |||||||||
304 | 167 | 383 | 647 | 1,159 | 4,903 | 5,872 | 923 | 1,882 | 12,562 |
Deferred revenue | |||||||||
137,692 | 130,451 | 107,407 | 82,004 | 138,587 | 130,696 | 67,066 | 59,293 | 43,202 | 33,552 |
Accrued payroll and related expenses | |||||||||
14,299 | 17,724 | 13,600 | 13,193 | 11,982 | 10,601 | 8,966 | 6,448 | 6,181 | 4,386 |
Income tax payable | |||||||||
3,746 | 5,237 | 3,371 | 4,917 | 5,732 | 12,040 | 6,296 | 3,605 | 5,060 | 5,971 |
Warranty liabilities | |||||||||
5,622 | 6,136 | 5,386 | 6,782 | 7,310 | 4,014 | 1,865 | 3,575 | 2,798 | 1,916 |
Other tax payables | |||||||||
7,801 | 11,052 | 10,488 | 18,069 | 20,147 | 27,631 | 22,048 | 18,225 | 12,547 | 10,632 |
Accrued liabilities | |||||||||
25,133 | 22,014 | 23,950 | 44,041 | 31,299 | 24,426 | 18,580 | 7,746 | 5,692 | 8,078 |
Amounts due to related parties | |||||||||
5,353 | 3,169 | 2,301 | 1,645 | 1,713 | 3,988 | 2,080 | 1,964 | 3,338 | 2,610 |
Deferred tax liabilities | |||||||||
0 | 0 | 4,350 | 8,913 | 5,888 | 1,627 | 2,186 | 370 | 0 | - |
Current portion of acquisition-related consideration | |||||||||
- | - | - | - | 15,081 | 30,285 | 5,435 | 0 | - | - |
Total current liabilities | |||||||||
333,054 | 330,840 | 302,978 | 297,326 | 374,596 | 398,891 | 268,452 | 188,828 | 161,038 | 135,917 |
Accrued liabilities | |||||||||
2,410 | 9,155 | 2,220 | 0 | - | - | - | - | - | - |
Long-term loans | |||||||||
20,709 | 21,064 | 20,581 | 20,508 | 20,551 | 14,978 | 19,104 | 24,641 | 31,676 | 35,341 |
Deferred tax liabilities | |||||||||
9,366 | 9,838 | 6,689 | 59 | 77 | 2,371 | 3,272 | 0 | - | - |
Warranty liabilities | |||||||||
2,236 | 2,642 | 2,246 | 3,578 | 3,077 | 3,604 | 2,094 | 0 | - | - |
Non-current portion of acquisition-related consideration | |||||||||
- | - | - | - | - | 14,793 | 36,233 | 0 | - | - |
Total non-current liabilities | |||||||||
34,721 | 42,699 | 31,736 | 24,145 | 23,705 | 35,746 | 60,705 | 24,641 | 31,676 | - |
Total liabilities | |||||||||
367,775 | 373,539 | 334,714 | 321,471 | 398,301 | 434,637 | 329,157 | 213,469 | 192,715 | 171,258 |
Commitments and contingencies | |||||||||
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Stockholders' equity: | |||||||||
Ordinary shares, par value $0.001 per share, 100,000,000 shares authorized; 60,342,099 shares issued and outstanding as of June 30, 2017 and 2018, respectively | |||||||||
60 | 60 | 60 | 60 | 58 | 58 | 57 | 55 | 54 | 54 |
Additional paid-in capital | |||||||||
223,396 | 222,514 | 222,189 | 215,403 | 192,768 | 173,765 | 170,779 | 151,305 | 140,373 | 138,751 |
Statutory reserves | |||||||||
45,970 | 41,130 | 41,130 | 36,533 | 30,248 | 23,288 | 23,146 | 23,091 | 23,061 | 17,396 |
Retained earnings | |||||||||
578,079 | 533,347 | 482,999 | 430,627 | 318,441 | 252,351 | 182,873 | 130,934 | 74,741 | 38,936 |
Accumulated other comprehensive income | |||||||||
-5,453 | 9,411 | -22,859 | -8,467 | 37,585 | 39,013 | 36,871 | 32,714 | 26,825 | 17,557 |
Total Hollysys Automation Technologies Ltd. Stockholders' equity | |||||||||
842,052 | 806,462 | 723,519 | 674,156 | 579,100 | 488,475 | 413,728 | 338,101 | 265,057 | 212,696 |
Non-controlling interest | |||||||||
301 | 108 | 21 | 8,529 | 6,285 | 3,583 | 1,746 | 1,183 | 810 | 774 |
Total equity | |||||||||
842,353 | 806,570 | 723,540 | 682,685 | 585,385 | 492,058 | 415,474 | 339,284 | 265,868 | 213,471 |
Total liabilities and equity | |||||||||
1,210,128 | 1,180,109 | 1,058,254 | 1,004,156 | 983,686 | 926,695 | 744,632 | 552,754 | 458,583 | 384,730 |