| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Consolidated net income (loss) | ||||||
-12,400 | 127,500 | 43,800 | 3,000 | -48,000 | - | - |
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||||||
Consolidated net income (loss) | ||||||
- | - | - | - | - | -250,856 | -147,779 |
Unrealized loss (gain) from derivative contracts | ||||||
1,000 | 0 | -900 | 900 | 0 | -2,524 | -162 |
Depreciation, amortization and impairment | ||||||
111,200 | 94,100 | 83,300 | 37,400 | 35,600 | - | - |
Loss on extinguishment of debt | ||||||
- | - | - | - | - | 13,276 | - |
Amortization of convertible bonds discount | ||||||
- | - | - | - | - | 14,207 | 12,011 |
Depreciation and amortization | ||||||
- | - | - | - | - | 59,896 | 34,739 |
Impairment of goodwill | ||||||
- | - | - | - | - | - | 21,407 |
Amortization of long-term deferred expenses | ||||||
- | - | - | - | 0 | 3,463 | 1,813 |
Loss from disposal of subsidiaries | ||||||
-200 | 0 | -1,300 | 0 | 0 | - | - |
Gain from sale of manufacturing facility to a related party | ||||||
0 | 3,000 | 0 | 0 | - | - | - |
Changes in fair value of conversion feature of convertible bonds | ||||||
- | - | - | - | - | -914 | 42,006 |
Loss from disposal of fixed assets | ||||||
- | - | - | - | - | -1,364 | -272 |
Gain on disposal of intangible assets | ||||||
18,400 | 0 | 0 | - | - | - | - |
Share of losses of equity method investments | ||||||
-500 | -900 | 0 | - | - | - | - |
Share of losses of equity method investments | ||||||
- | - | - | 0 | - | - | - |
Stock compensation expenses | ||||||
500 | 600 | 700 | 0 | 0 | 1,249 | 6,090 |
Write-down of inventories | ||||||
4,000 | 900 | 10,200 | 6,600 | 20,200 | 52,335 | 92,645 |
Reversal of litigation accruals | ||||||
0 | 0 | 48,500 | 0 | 0 | - | - |
Reversal of unrecognized tax benefit | ||||||
0 | -17,900 | 0 | 0 | - | - | - |
Provision for doubtful collection of accounts receivable | ||||||
36,400 | 3,300 | 4,300 | 300 | 4,100 | 14,065 | 282 |
Provision for doubtful collection of advance to suppliers | ||||||
- | - | - | - | - | 27,289 | - |
Provision for doubtful collection of advances to supplier (Note 5) | ||||||
- | - | - | - | - | - | 45,718 |
Provision for doubtful collection of other receivables | ||||||
- | - | - | - | - | 8,033 | 8,652 |
Provision for doubtful collection of amount due from a related party | ||||||
- | - | - | - | - | 2,562 | - |
Deferred tax expense (benefit) | ||||||
-4,700 | -6,600 | 4,600 | 1,400 | 400 | 3,675 | -27,535 |
Non-cash interest expense on amortization of long-term debt and litigation accruals | ||||||
5,400 | 8,400 | 9,800 | 7,700 | 9,300 | - | - |
Non-cash income from reversal of personnel provisions and R&D subsidies | ||||||
- | - | - | 2,500 | 0 | - | - |
Cash paid to purchase silver accounts | ||||||
- | - | - | 2,700 | 0 | - | - |
Unrealized foreign currency exchange loss (gain) | ||||||
28,700 | -35,300 | -37,000 | 0 | - | - | - |
Warranty provision | ||||||
- | - | - | - | - | 5,314 | 10,284 |
Warranty settlements and reversals | ||||||
- | - | - | - | - | -2,788 | -5,447 |
Foreign currency exchange loss | ||||||
- | - | - | - | 0 | - | - |
Changes in operating assets and liabilities: | ||||||
Restricted cash | ||||||
-47,900 | -50,100 | 67,000 | -4,200 | 6,600 | -1,987 | 4,559 |
Accounts receivable | ||||||
66,500 | 72,400 | 196,400 | 37,100 | 126,000 | 81,585 | -118,129 |
Notes receivable | ||||||
18,700 | 6,300 | 700 | 0 | 0 | -9,234 | 7,977 |
Inventories | ||||||
-23,600 | -23,300 | 63,500 | 46,100 | 89,300 | 77,162 | 75,688 |
Advance to suppliers and long-term prepayments | ||||||
15,300 | 28,000 | -10,100 | 0 | 0 | -25,569 | 13,645 |
Other current assets | ||||||
11,900 | -12,100 | 11,200 | 13,200 | 1,400 | -21,753 | 32,795 |
Land use rights | ||||||
- | - | - | - | - | 1,140 | - |
Other non-current assets | ||||||
14,900 | -400 | 2,500 | 0 | 0 | - | - |
Intangible assets (Note 8) | ||||||
- | - | - | - | - | - | 21,405 |
Long-term deferred expense | ||||||
- | - | - | - | - | 238 | 369 |
Long-term payable | ||||||
- | - | - | - | - | - | 7,944 |
Amount due from related parties | ||||||
56,800 | -172,400 | 44,800 | 0 | 0 | 31,318 | 31,560 |
Accounts payable | ||||||
6,400 | 47,100 | 42,200 | -26,500 | 149,700 | 28,110 | 19,363 |
Notes payable | ||||||
-31,700 | -9,800 | 26,800 | 0 | 0 | -20,382 | 41,306 |
Accrued warranty costs | ||||||
600 | 4,900 | 9,000 | -1,500 | 2,900 | - | - |
Accrued expenses and other liabilities | ||||||
-15,300 | 37,300 | 22,100 | -11,700 | 11,400 | 2,784 | -9,537 |
Amount due to related parties | ||||||
34,400 | 10,700 | -14,400 | 0 | 0 | 4,768 | 4,633 |
Customer deposits | ||||||
-7,000 | 43,100 | 1,900 | 0 | 0 | -7,794 | 8,156 |
Derivative contracts | ||||||
-300 | 0 | 0 | - | - | - | - |
Deferred revenue | ||||||
-16,900 | -383,200 | 402,100 | 0 | 0 | - | - |
Net cash (used in) provided by operating activities | ||||||
- | - | - | -81,600 | -37,700 | - | - |
Net cash (used in) provided by operating activities | ||||||
-48,800 | 145,200 | 261,100 | - | - | -168,892 | 40,594 |
Cash flows from investing activities: | ||||||
Net cash received from an acquisition | ||||||
300 | 0 | 70,200 | 0 | 0 | - | - |
Net cash received from asset acquisitions | ||||||
0 | 0 | 9,100 | 0 | 0 | - | - |
Proceeds for sale of asset held for sale | ||||||
- | - | - | - | 9,000 | - | - |
Acquisition of fixed assets and intangible assets | ||||||
110,200 | 174,900 | 200,000 | 45,600 | 15,500 | - | - |
Acquisition of fixed assets | ||||||
- | - | - | - | - | 95,982 | 381,398 |
Change in restricted cash | ||||||
70,800 | -5,300 | -4,400 | 0 | 0 | -10,186 | 5,949 |
Proceeds from disposal of fixed assets and intangible assets | ||||||
500 | 46,900 | 400 | 0 | 0 | - | - |
Issuance of loans to related parties | ||||||
0 | 101,100 | 66,100 | 19,500 | 200 | - | - |
Issuance of loans to third parties | ||||||
6,300 | 7,800 | 10,500 | - | - | - | - |
Repayment of loans by related parties | ||||||
13,000 | 150,900 | 25,000 | 0 | 0 | - | - |
Purchase of long-term investments | ||||||
26,000 | 6,600 | 16,900 | 0 | - | - | - |
Proceeds received from sale of manufacturing facility to related party | ||||||
0 | 58,500 | 0 | 0 | - | - | - |
Cash paid for long-term investment | ||||||
- | - | - | - | 0 | - | - |
Net cash received from disposal of subsidiaries | ||||||
0 | 0 | 2,100 | 0 | 0 | - | - |
Net cash used in investing activities | ||||||
- | - | - | -65,100 | -6,700 | - | - |
Net cash used in investing activities | ||||||
-199,500 | -28,800 | -182,300 | - | - | -85,796 | -387,347 |
Cash flows from financing activities: | ||||||
Proceeds from issuance of redeemable ordinary shares pursuant to the Share Issuance and Repurchase Agreement with Hanwha Solar Holdings Co., Ltd. | ||||||
- | - | - | - | - | - | 1 |
Payment for repurchase of redeemable ordinary shares which were issued pursuant to the Share Issuance and Repurchase Agreement with Hanwha Solar Holdings Co., Ltd. | ||||||
- | - | - | - | - | - | 2 |
Net proceeds from issuance of ordinary shares | ||||||
- | - | - | - | 220,200 | - | - |
Proceeds from borrowings | ||||||
447,900 | 634,200 | 655,800 | 69,300 | 50,000 | - | - |
Principal payments on borrowings | ||||||
430,500 | 484,600 | 684,600 | 6,400 | 30,000 | - | - |
Principal payments on government loan | ||||||
0 | 0 | 800 | 900 | 1,000 | - | - |
Proceeds from related party borrowings | ||||||
0 | 0 | 35,800 | 0 | 0 | - | - |
Proceeds from exercise of stock options | ||||||
- | - | - | - | - | - | 180 |
Proceeds from short-term bank borrowings | ||||||
- | - | - | - | - | 427,147 | 527,890 |
Repayment of short-term bank borrowings | ||||||
- | - | - | - | - | 523,756 | 298,249 |
Repayment of related party borrowings | ||||||
0 | 32,400 | 13,000 | 0 | 0 | - | - |
Proceed from issuance of long-term notes | ||||||
0 | 100,000 | 0 | - | - | - | - |
Change of restricted cash | ||||||
- | - | - | - | - | - | 18,272 |
Repurchase of redeemable ordinary shares | ||||||
- | - | - | - | - | - | 3 |
Change in restricted cash | ||||||
- | - | - | - | - | -8,880 | - |
Repurchase of convertible bonds | ||||||
- | - | - | - | - | -48,036 | - |
Proceed from issuance of long-term notes | ||||||
- | - | - | 0 | - | 219,799 | 253,416 |
Repayment of long-term notes | ||||||
0 | 100,000 | 0 | 0 | - | 34,034 | 55,609 |
Principal payments on capital lease obligations | ||||||
0 | 0 | 6,600 | 5,600 | 1,000 | - | - |
Arrangement fee for short-term bank borrowings | ||||||
0 | 0 | 2,100 | 0 | 0 | 1,043 | 894 |
Arrangement fee and other related cost for long-term borrowings | ||||||
- | - | - | - | - | 2,946 | 6,766 |
Arrangement fee and other related costs for long-term notes | ||||||
0 | 0 | 1,000 | 0 | 0 | - | - |
Net cash provided by (used in) financing activities | ||||||
- | - | - | 56,400 | 238,200 | - | - |
Net cash (used in) provided by financing activities | ||||||
17,400 | 117,200 | -16,500 | - | - | 46,011 | 401,692 |
Net increase(decrease) in cash and cash equivalents | ||||||
-230,900 | 233,600 | 62,300 | -90,300 | 193,800 | -208,677 | 54,939 |
Effect of exchange rate changes on cash and cash equivalents | ||||||
24,300 | -43,600 | -19,000 | -10,700 | 2,000 | - | - |
Supplemental disclosure of cash flow information: | ||||||
Interest paid | ||||||
41,500 | 54,500 | 50,600 | - | - | - | - |
Interest paid | ||||||
- | - | - | 10,400 | 7,300 | 26,410 | 8,711 |
Income tax paid | ||||||
23,400 | 3,900 | 0 | 0 | - | - | - |
Realized gain from derivative contracts | ||||||
4,300 | 24,400 | 10,500 | 0 | 0 | - | - |
Supplemental schedule of non-cash activities: | ||||||
Acquisition of fixed assets included in accounts payable, accrued expenses and other liabilities | ||||||
0 | 0 | 28,000 | 0 | 0 | - | - |
Income taxes paid | ||||||
- | - | - | - | - | 7,578 | 24,259 |
Realized gain (loss) from derivative contracts | ||||||
- | - | - | - | - | 3,380 | - |
Realized gain (loss) from derivative contracts | ||||||
- | - | - | - | - | - | -11,083 |
Acquisition of fixed assets included in accounts payable, accrued expenses and other liabilities | ||||||
- | - | - | - | - | -25,595 | 70,912 |