It tech packaging, inc. (ITP)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash Flows from Operating Activities:
Net Loss

2,221

-10,545

1,659

7,312

11,542

11,706

13,014

14,672

21,648

15,551

12,720

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

15,304

14,290

14,633

15,287

13,398

8,289

7,794

8,382

4,424

4,147

3,510

Allowances for obsolete inventories, net

75

-

-

-

-

-

-

-

-

-

-

Loss from disposal of property, plant and equipment

-

-

-

-

0

-709

84

45

-321

-1,115

-

Loss from disposal and impairment of property, plant and equipment

-

3,904

-3,968

-

0

203

0

0

-

-

-

Loss from impairment and disposal of property, plant and equipment

-

-

-

-178

-

-

-

-

-

-

-

Allowance for bad debts

2

23

-45

44

-34

8

-

-

-

-

-

(Recovery from)/ Allowance for bad debts

-

-

-

-

-

-

-7

19

-37

-

-

(Recovery from)/ allowance for bad debts

-

-

-

-

-

-

-

-

-

-5

-

(Recovery from)/allowance for bad debts

-

-

-

-

-

-

-

-

-

-

-41

Share-based compensation expenses

-

470

-

1,417

0

0

773

378

30

101

560

Deferred tax

-2,369

-2,089

-3,010

-1,959

-1,203

398

409

-941

0

0

-

Changes in operating assets and liabilities:
Accounts receivable

-294

-1,183

-2,265

2,246

-1,710

413

-

-1,029

1,597

-

-

Accounts and notes receivable

-

-

-

-

-

-

402

-

-

14

676

Prepayments and other current assets

-5,392

-5,726

79

-1,410

-744

1,799

-1,211

295

4,803

-138

318

Inventories

1,207

5,322

2,417

-3,112

2,578

-4,257

-4,105

5,024

2,246

253

4,111

Accounts payable

-372

234

-166

336

263

-921

-117

-1,771

2,299

-1,431

1,818

Advance from customers

99

-

-29

26

0

0

-

-

-

-

-

Notes payable

-3,625

-2,261

3,707

-11,273

-1,378

11,163

1,614

3,168

0

0

-

Related parties

-1,757

150

-

-300

160

0

-

-

-

-

-

Accrued payroll and employee benefits

82

-6

8

-300

70

-4

194

-17

-39

56

43

Other payables and accrued liabilities

1,169

6,878

-1,503

1,509

-1,492

-299

1,599

453

-1,402

636

849

Income taxes payable

1,180

-291

-839

722

0

-577

-200

-500

-42

318

602

Net Cash Provided by (Used in) Operating Activities

7,530

9,170

18,151

15,277

21,204

32,313

29,921

22,231

18,630

20,359

15,038

Cash Flows from Investing Activities:
Purchases of property, plant and equipment

-

-

9,380

11,586

19,331

39,207

64,566

16,278

25,424

34,774

13,604

Security deposit from a related party

-

-

-

-

-

-

-

-

0

0

-

Purchases of property, plant and equipment

-6,416

-2,198

59

41

0

2,684

2,589

175

271

0

-

Acquisition of a subsidiary

-1,450

-

-

-

0

2,311

0

0

-

26,570

4,898

Prepayment/deposit for purchase of property, plant and equipment

-

-

-

-

-

-

-

-

-

6,785

-

Refund of prepayment for purchase of property, plant and equipment

-

-

-

-

-

-

-

3,112

0

0

-

Proceeds from sale of assets held for sale

-

-

-

-

0

241

1,614

1,075

-

-

-

Payment for construction in progress

-

-

-

-

-

-

-

-

2,298

-

-

Net Cash Used in Investing Activities

-7,866

-2,198

-9,321

-11,545

-19,331

-36,281

-60,362

-11,915

-27,451

-41,560

-13,604

Cash Flows from Financing Activities:
Proceeds from related party loans

-

-4,522

9,040

675

7,148

4,199

5,406

-

-

-

-

Proceeds from related party loans

-

-

-

3,020

5,197

10,557

1,390

1,030

-

-

-

Proceeds from related party loans

-

-

-

-

-

-

-

-

200

200

-

Repayments of related party loans

2,175

12,813

-

6,026

2,730

793

1,390

1,230

2,091

200

-

Proceeds from short term bank loans

10,152

12,210

12,903

6,463

14,422

11,366

10,703

5,941

8,389

885

-

Proceeds from credit union loans

4,206

5,064

2,373

0

-

-

-

-

-

-

-

Proceeds from sale-leaseback financing

-

-

-

-

-

-

24,215

-

-

-

-

Proceeds from sale-leaseback financing

-

-

-

-

-

-

-

0

-

-

-

Repayment of bank loans

17,955

12,149

11,153

14,730

10,023

8,111

8,281

4,832

5,001

2,392

2,562

Proceeds from sale-leaseback financing

-

-

-

-

-

-

-

-

0

-

-

Payment of capital lease obligation

-

-

-

-

-

-

-

0

0

-

-

(Increase in) Release of restricted cash

-

-

-

-8,267

2,515

6,395

807

-

-

-

-

Restricted cash

-

-

-

-

-

-

-

-1,584

0

29

-29

Dividend Paid

-

-

-

-

-

-

323

692

0

0

-

Net Cash Used in Financing Activities

-5,772

-3,165

-4,917

-3,681

-2,798

4,734

20,100

-1,367

1,496

25,091

2,306

Effect of Exchange Rate Changes on Cash and Cash Equivalents

-170

-705

609

-360

-324

-5

330

26

141

507

-25

Net Increase (Decrease) in Cash and Cash Equivalents

-6,279

3,099

4,522

-309

-1,249

760

-10,009

8,974

-7,182

4,398

3,715

Supplemental Disclosure of Cash Flow Information:
Cash paid for interest, net of capitalized interest cost

926

1,393

1,359

2,414

-

-

-

-

-

-

-

Cash paid for income taxes

2,250

515

3,247

-

-

-

-

-

-

-

-

Cash paid for interest, net of capitalized interest cost

-

-

-

-

3,255

1,826

708

486

689

390

728

Cash paid for income taxes

-

-

-

4,351

5,325

4,611

4,884

6,909

7,841

5,592

4,065

Cash and bank balances

5,837

8,474

2,895

-

-

-

-

-

-

-

-

Restricted cash

-

3,642

6,121

-

-

-

-

-

-

-

-

Total cash, cash equivalents and restricted cash shown in the statement of cash flows

5,837

12,117

9,017

-

-

-

-

-

-

-

-

Disposal of property, plant and equipment in lieu of payment for construction cost of a new plant

-

-

-

-

-

-

-

-

-

243

-

Issuance of warrants for consultancy services

-

-

-

-

-

-

-

-

-

79

-