| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|
Operating activities: | ||||||||
Net income (loss) | ||||||||
-42,388 | -10,966 | 26,817 | -10,630 | -8,173 | -11,960 | -19,463 | 1,634 | -6,221 |
Adjustments to reconcile net income (loss) to net cash provided by Operating activities: | ||||||||
Share-based compensation | ||||||||
3,068 | 5,575 | 6,056 | 4,698 | 3,035 | 802 | 1,538 | 4,519 | 6,600 |
Depreciation and amortization | ||||||||
2,105 | 2,039 | 1,649 | 1,973 | 2,164 | 3,062 | 3,481 | 3,610 | 2,987 |
Provision of allowance for doubtful accounts | ||||||||
0 | -1,026 | 0 | -193 | 521 | 1 | 93 | 238 | - |
(Gain) Loss from equity method investment | ||||||||
97 | -138 | -66 | 0 | 2,773 | - | - | - | - |
Gain from short-term investments | ||||||||
63 | 378 | 216 | 58 | 132 | - | - | - | - |
Deferred taxes | ||||||||
-231 | -487 | -502 | -106 | -357 | 568 | 3,276 | -99 | -917 |
Loss on disposal of property and equipment | ||||||||
-124 | -144 | -390 | -194 | -163 | -237 | -30 | -53 | -182 |
Gain from sales of cost method investment | ||||||||
0 | 0 | 4,648 | 4,337 | 0 | - | - | - | - |
Loss from impairment of intangible assets | ||||||||
291 | 1,111 | 250 | - | - | - | - | - | - |
Loss from impairment of cost method investment | ||||||||
- | - | - | - | - | - | 1,479 | - | - |
Loss from impairment of intangible assets | ||||||||
- | - | - | 1,802 | 0 | 0 | 4,078 | - | - |
Loss from impairment of goodwill | ||||||||
0 | 6,659 | 0 | 8,149 | 0 | - | 13,463 | - | - |
Gain from business restructure | ||||||||
- | - | - | 90 | - | - | - | - | - |
Gain from business restructure | ||||||||
- | - | - | - | 0 | - | - | - | - |
(Gain) Loss on the interest sold and retained noncontrolling investment | ||||||||
-1,996 | 20,567 | 9,999 | 0 | 0 | 435 | 1,032 | 1,138 | 40 |
Changes in assets and liabilities: | ||||||||
Accounts receivable, others | ||||||||
-4,896 | 2,067 | -586 | -2,371 | 8,132 | 3,495 | -2,156 | - | - |
Accounts receivable, margin clients | ||||||||
515 | 3,188 | 2,666 | -4,413 | -8,933 | 2,129 | 4,773 | 5,390 | - |
Prepaid expenses and other current assets | ||||||||
1,105 | 1,856 | -369 | 1,284 | -1,131 | -471 | -321 | -157 | -4,648 |
Advances to employees | ||||||||
- | - | - | - | -1,071 | 1,051 | - | - | -160 |
Trust bank balances held on behalf of customers | ||||||||
5,987 | 19,148 | 2,267 | 1,928 | 1,181 | -9,894 | 9,009 | -3,642 | 11,305 |
Restricted cash | ||||||||
-581 | 2,593 | -5 | 1 | -7 | -468 | 468 | - | - |
Rental deposits | ||||||||
15 | -169 | -204 | -368 | - | - | - | - | - |
Rental deposits | ||||||||
- | - | - | - | 273 | 2 | -5 | -20 | 133 |
Guarantee deposit funds | ||||||||
-5,616 | 1,049 | 1,576 | -865 | 4,881 | - | - | - | - |
Amounts due from noncontrolling shareholders | ||||||||
0 | -461 | 2,690 | -1,821 | 0 | - | - | - | - |
Deferred revenue | ||||||||
3,517 | 349 | 1,794 | -1,749 | -2,866 | -15,332 | -23,245 | -540 | 8,206 |
Account payable | ||||||||
298 | 3,609 | -5,182 | -2,671 | 11,666 | 516 | -135 | 108 | -113 |
Accrued expenses and other current liabilities | ||||||||
-3,483 | 1,573 | 2,596 | 161 | -1,189 | -715 | -4,571 | 2,355 | 3,387 |
Amounts due to customers for the trust bank balance held on their behalf | ||||||||
5,987 | 19,148 | 2,267 | 1,928 | 1,181 | -9,894 | 9,009 | -3,642 | 11,305 |
Income taxes payable | ||||||||
-951 | 2,269 | 1,541 | -142 | 242 | -47 | -20 | 27 | -18 |
Net cash provided by (used in) operating activities | ||||||||
-26,323 | -21,342 | 19,816 | 1,172 | 158 | -29,042 | -23,786 | 4,584 | 16,231 |
Investing activities: | ||||||||
Purchase of property and equipment | ||||||||
2,472 | 4,602 | 3,350 | 3,158 | 833 | 775 | 726 | 906 | 4,514 |
Purchase of intangible asset | ||||||||
- | - | - | 81 | 578 | 2,063 | - | - | - |
Acquisition of businesses (net of cash acquired of $14,463, nil and nil for the years ended December 31, 2015, 2016 and 2017, respectively) | ||||||||
0 | 424 | -14 | 705 | 3,627 | 2,834 | - | 89 | 1,932 |
Business restructure | ||||||||
0 | 0 | 354 | 2,873 | - | - | - | - | - |
Proceeds from disposal of affiliates (Note 10) | ||||||||
1,576 | 23,836 | 8,463 | 0 | - | - | - | - | - |
Business restructure (Note 4) | ||||||||
- | - | - | - | 0 | - | - | - | - |
Proceeds from disposal of affiliates (Note 13) | ||||||||
- | - | - | - | 0 | - | - | - | - |
Acquisition of equity method investment | ||||||||
0 | 0 | 327 | 0 | 21,525 | - | - | - | - |
Proceeds from transfer of equity method investment | ||||||||
350 | 0 | 12,765 | 0 | 11,445 | - | - | - | - |
Repayment of loans given to equity method investee | ||||||||
0 | 0 | 9,807 | 0 | - | - | - | - | - |
Loan given to equity method investee | ||||||||
- | - | - | - | 20,461 | - | - | - | - |
Repayment of loans given to equity method investee | ||||||||
- | - | - | - | 10,247 | - | - | - | - |
Proceeds from transfer equity interest to noncontrolling shareholders | ||||||||
0 | 0 | 72 | 0 | 0 | - | - | - | - |
Advances related to disposal of subsidiaries | ||||||||
0 | -5,299 | 5,299 | 0 | 0 | - | - | - | - |
Loan given to equity method investee | ||||||||
- | - | - | - | - | - | - | 971 | - |
Purchase of short-term investments | ||||||||
71,492 | 326,196 | 105,354 | 90,694 | 83,911 | 28,277 | - | - | - |
Proceeds from sales of short-term investments | ||||||||
87,946 | 309,564 | 105,562 | 90,764 | 86,716 | 36,767 | 12,716 | 6,435 | - |
Consideration paid for acquiring noncontrolling interest of CFO Securities Consulting | ||||||||
- | - | - | - | - | - | - | 383 | - |
Purchase of term deposits | ||||||||
- | - | - | - | - | - | 19,712 | - | - |
Proceeds from maturity of term deposits | ||||||||
- | - | - | - | - | - | 19,903 | - | - |
Acquisition of cost method investment | ||||||||
76 | 216 | 0 | 81 | 309 | 802 | 40,732 | 5,616 | 267 |
Proceeds from sales of cost method investment | ||||||||
0 | 0 | 7,959 | 2,168 | - | - | - | - | - |
Proceeds from sales of cost method investment | ||||||||
- | - | - | - | 0 | - | - | - | - |
Proceeds from sales of short-term investments | ||||||||
- | - | - | - | - | - | 31,562 | 6,830 | - |
Proceeds from sales of short-term investments | ||||||||
- | - | - | - | - | - | - | - | 240 |
Restricted cash | ||||||||
- | - | - | - | -29,282 | -542 | 13,511 | 14,216 | - |
Loan receivable | ||||||||
- | - | - | - | -994 | -8,379 | 9,559 | - | - |
Proceeds from disposal of fixed assets | ||||||||
0 | 19 | 0 | 63 | 140 | 24 | 0 | 4 | 1 |
Net cash provided by (used in) investing activities | ||||||||
15,832 | -3,318 | 40,557 | -4,598 | 7,577 | 10,960 | -32,775 | -14,375 | -6,472 |
Financing activities: | ||||||||
Proceeds from stock options exercised by employees | ||||||||
26 | 142 | 294 | 654 | 0 | 3 | 22 | 717 | - |
Proceeds from stock options exercised by nonemployees | ||||||||
0 | 0 | 175 | 0 | 0 | - | - | - | - |
Proceeds from paid-in capital of noncontrolling shareholders | ||||||||
0 | 0 | 488 | 0 | 1,397 | - | - | - | - |
Dividends paid to noncontrolling shareholders | ||||||||
0 | 9,839 | 6,549 | 1,025 | 0 | - | - | - | - |
Proceeds from Yinglibao Clients | ||||||||
0 | 31,764 | 0 | 0 | - | - | - | - | - |
Repayment of Yinglibao Clients | ||||||||
19,083 | 12,365 | 0 | 0 | 13,536 | 5,672 | - | - | - |
Net cash provided by (used in) financing activities | ||||||||
-19,056 | 9,702 | -5,592 | -371 | -12,137 | -5,668 | 12,738 | 7,152 | 189 |
Effect of exchange rate changes | ||||||||
2,088 | -4,623 | -1,587 | -34 | -133 | 15 | 1,691 | 2,020 | -101 |
Net (decrease) increase in cash and cash equivalents | ||||||||
-27,458 | -19,582 | 53,195 | -3,832 | -4,535 | -23,735 | -42,132 | -617 | 9,846 |
Supplemental disclosure of cash flow information | ||||||||
Income taxes paid | ||||||||
1,510 | 2,536 | 682 | 758 | 81 | 375 | 682 | 377 | 515 |
Interest paid | ||||||||
0 | 0 | 0 | - | - | - | - | - | - |
Interest paid | ||||||||
- | - | - | 5 | 174 | 516 | - | - | - |