| Mar'18 | Mar'17 | Mar'16 | Mar'15 | Mar'14 | Mar'13 | Mar'12 |
|---|---|---|---|---|---|---|
Shenzhen Hospital Management | ||||||
iKang Shanghai Gubei | ||||||
Fujian iKang | ||||||
Beijing Tianzhikangjian | ||||||
CASH FLOWS FROM OPERATING ACTIVITIES | ||||||
Net income/(loss) | ||||||
-16,676 | -12,544 | 16,488 | 27,396 | 21,926 | 12,449 | 10,392 |
Adjustments to reconcile net income to net cash provided by operating activities | ||||||
Depreciation and amortization | ||||||
42,182 | 37,413 | 30,394 | 19,912 | 10,759 | 7,710 | 6,285 |
Write-off of leasehold improvement | ||||||
- | - | - | - | - | - | 309 |
Share-based compensation expenses | ||||||
34,822 | 1,941 | 1,949 | 9,153 | 930 | 2,273 | 216 |
Impairment of property and equipment | ||||||
708 | 276 | 281 | - | - | - | - |
Loss on disposal of property and equipment | ||||||
- | - | - | -1 | -163 | -475 | -122 |
Loss on liquidation of a subsidiary | ||||||
- | - | -106 | - | - | - | - |
Gain from disposal of cost method investment | ||||||
- | - | 1,772 | - | - | - | - |
Allowance for doubtful accounts | ||||||
7,317 | 6,136 | 8,509 | 3,758 | 1,100 | 1,800 | 481 |
Inventory written-down | ||||||
- | - | - | - | - | - | 25 |
Amortization of discount on payable purchase of non-controlling interest of Shanghai Guobin Medical Center Co., Ltd | ||||||
- | - | - | - | - | - | 155 |
Loss from equity method investments | ||||||
-2,448 | -9,547 | -1,732 | 521 | -156 | - | - |
Fair value change of previously held 33% equity interest of Shanghai Huajian Health Examination Management Co., Ltd | ||||||
- | - | - | 883 | - | - | - |
Changes in assets and liabilities | ||||||
Accounts receivable | ||||||
65,799 | 16,271 | 22,632 | 22,324 | 3,802 | 12,986 | 6,421 |
Inventories | ||||||
1,654 | 3,103 | 1,279 | 698 | 459 | 97 | 253 |
Prepaid expenses and other current assets | ||||||
6,344 | -3,165 | 10,069 | 5,300 | 1,193 | -176 | -45 |
Amount due from a related party | ||||||
- | - | - | - | - | 477 | -49 |
Deferred tax assets | ||||||
9,925 | 11,476 | 8,296 | 2,147 | 1,232 | 1,081 | -64 |
Rental deposit and other long-term assets | ||||||
3,916 | 2,150 | 2,781 | 2,253 | 1,485 | 1,429 | 1,244 |
Accounts payable | ||||||
8,629 | 9,337 | 4,766 | 6,115 | -955 | 1,864 | 991 |
Accrued expenses and other current liabilities | ||||||
7,453 | 18,741 | 3,979 | 2,123 | 2,884 | 3,071 | 2,235 |
Amount due to related parties | ||||||
- | - | - | - | - | - | -198 |
Deferred revenues | ||||||
23,165 | 6,846 | 23,914 | 6,546 | 1,774 | 1,589 | -442 |
Income tax payable | ||||||
2,327 | 4,368 | 702 | 1,129 | 3,824 | 528 | 1,332 |
Deferred government subsidy | ||||||
- | - | -61 | -47 | -79 | -62 | -62 |
Deferred tax liabilities | ||||||
-1,732 | -2,183 | -2,328 | -863 | -512 | -118 | -76 |
Net cash provided by generated from operating activities | ||||||
23,005 | 50,043 | 43,602 | 41,097 | - | - | - |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||||||
Net cash generated from operating activities | ||||||
- | - | - | - | 34,303 | 16,314 | 14,005 |
Restricted cash | ||||||
-408 | -30,124 | -20,772 | 36,232 | 18,429 | - | -65 |
Term deposits | ||||||
-4,528 | -7,679 | -2,361 | 14,621 | - | - | - |
Purchase of property and equipment | ||||||
34,912 | 63,389 | 37,024 | 39,767 | 35,838 | 9,979 | 12,205 |
Proceeds from disposal of property and equipment | ||||||
- | - | - | - | 13 | 94 | 3 |
Purchase of intangible assets | ||||||
- | - | 157 | 339 | - | - | - |
Payments for business acquisitions (net of cash acquired of $10,165 and $6 and $516 for years ended March 31, 2016, 2017 and 2018, respectively) | ||||||
1,307 | 2,371 | 37,249 | 56,654 | 41,311 | 6,038 | 2,966 |
Prepayment for business acquisitions | ||||||
879 | - | - | - | - | - | - |
Payment for long-term investments | ||||||
3,149 | 5,473 | 204,414 | - | - | - | - |
Return of prepayment for long-term investments | ||||||
- | 4,000 | - | - | - | - | - |
Proceeds from sale of cost method investment | ||||||
- | - | 1,897 | - | - | - | - |
Loan provided to related parties | ||||||
- | 2,508 | 4,719 | - | 4,306 | - | - |
Repayment of loan by related parties | ||||||
140 | 2,324 | - | 1,291 | 3,483 | - | - |
Proceeds from disposal of the subsidiaries | ||||||
2,231 | - | - | - | - | - | - |
Payment of loan receivables | ||||||
- | - | 1,000 | 740 | - | - | - |
Net cash used in investing activities | ||||||
-34,783 | -32,011 | -261,533 | -147,062 | - | - | - |
CASH FLOW FROM FINANCING ACTIVITIES | ||||||
Net cash used in investing activities | ||||||
- | - | - | - | -96,714 | -16,058 | -15,706 |
Proceeds from issuance of convertible redeemable preferred shares | ||||||
- | - | - | - | 25,181 | 45,000 | - |
Proceeds from redesignation of convertible redeemable preferred shares | ||||||
- | - | - | - | 669 | - | - |
Proceeds from redesignation of Class A common shares | ||||||
- | - | - | - | 612 | - | - |
Dividend distribution to non-controlling interest shareholder of Shanghai Guobin Medical Center Co., Ltd | ||||||
- | - | - | - | - | - | 428 |
Payments for professional fees in connection of issuance of series F convertible preferred shares | ||||||
- | - | - | - | 2,847 | - | - |
Proceeds from issuance of common shares upon initial public offering | ||||||
- | - | - | 135,819 | - | - | - |
Proceeds from issuance of common shares upon Green Shoe | ||||||
- | - | - | 13,399 | - | - | - |
Payments of initial public offering cost | ||||||
- | - | - | 3,574 | - | - | - |
Proceeds from exercise of share options | ||||||
1,324 | 1,324 | 8,035 | 824 | - | - | 136 |
Proceeds from exercise of share option to shareholders | ||||||
- | - | - | - | - | - | 269 |
Capital contribution from non-controlling interest shareholders | ||||||
909 | 134 | 567 | 58 | 732 | - | - |
Return of capital to non-controlling interest shareholders | ||||||
572 | - | - | - | - | - | - |
Dividend distribution to non-controlling interest shareholders | ||||||
884 | 704 | 795 | - | - | - | - |
Payments for business acquisitions | ||||||
- | - | 1,853 | - | - | - | - |
Proceeds from financing agreement in relation with New China Life Insurance Health Investment Management Co., Ltd | ||||||
31,886 | - | - | - | - | - | - |
Proceeds from long-term borrowings | ||||||
9,565 | - | 232,744 | - | 1,901 | - | - |
Payments for business acquisitions | ||||||
- | - | - | 1,329 | 3,010 | - | - |
Payments for assets acquisition | ||||||
- | - | - | 32 | - | - | - |
Proceeds from short-term borrowings | ||||||
65,679 | 37,176 | 54,126 | 59,404 | 20,298 | 7,800 | 1,563 |
Proceeds from convertible loan | ||||||
- | - | - | - | - | 2,000 | - |
Repayment of convertible loan | ||||||
- | - | - | - | 2,000 | - | - |
Repayments of short-term borrowings | ||||||
103,403 | 60,610 | 55,359 | 20,860 | 7,383 | 3,976 | - |
Repayments of long-term borrowings | ||||||
- | 29,741 | - | 1,869 | - | - | - |
Net cash provided by (used in) financing activities | ||||||
4,504 | -52,421 | 237,465 | 173,570 | - | - | - |
Effect of exchange rate on cash and cash equivalents | ||||||
5,277 | -8,824 | -8,759 | -490 | - | - | - |
Net cash provided by financing activities | ||||||
- | - | - | - | 29,342 | 50,824 | -1,161 |
Effect of exchange rate on cash and cash equivalent | ||||||
- | - | - | - | 136 | 199 | 595 |
Net increase (decrease) in cash and cash equivalents | ||||||
-1,997 | -43,213 | 10,775 | 67,115 | -32,933 | 51,279 | -2,267 |
Supplemental cash flow information | ||||||
Income tax paid | ||||||
17,894 | 11,649 | 13,327 | 13,678 | - | - | - |
Interest paid | ||||||
24,673 | 3,600 | 1,957 | 2,392 | - | - | - |
Income tax paid | ||||||
- | - | - | - | 8,224 | 6,850 | 2,756 |
Interest paid | ||||||
- | - | - | - | 1,068 | 308 | - |
Supplemental non-cash financing and investing activities | ||||||
Payable for purchase of non-controlling interest of Shanghai Guobin Medical Center Co., Ltd. | ||||||
- | - | - | - | 8,049 | 12,379 | -11,572 |
Payable for business acquisitions | ||||||
-10,127 | -6,436 | -9,350 | 11,795 | 3,628 | 505 | -1,383 |
Payable for purchase of long term investments | ||||||
- | - | 3,743 | - | - | - | - |
Payable for assets acquisitions | ||||||
- | - | - | - | - | 32 | - |
Payable for purchase of property and equipment | ||||||
12,456 | 11,830 | 7,109 | 7,902 | 8,568 | 3,645 | 1,022 |
Prepayment for business acquisitions | ||||||
4,524 | 3,322 | 10,570 | 22,215 | 1,705 | - | - |
Prepayment for long term investments | ||||||
- | - | 4,000 | - | - | - | - |
Prepayment for purchase of property and equipment | ||||||
17,699 | 12,677 | 11,318 | 5,435 | 7,312 | - | - |
Capital contribution, through other assets, relating to non-controlling interest | ||||||
461 | - | - | - | - | - | - |