Kingold jewelry, inc. (KGJI)
CashFlow / TTM
Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss) income

4,465

41,717

42,692

49,546

50,524

66,263

60,733

26,192

57,666

44,540

56,400

92,903

56,594

49,498

30,177

21,561

24,009

20,479

37,800

47,331

47,227

52,988

41,418

28,339

27,762

25,134

28,389

32,670

28,437

29,791

29,000

27,231

0

0

0

Adjustments to reconcile net (loss) income to cash (used in) provided by operating activities:
Depreciation

-

-

0

-

-

-

0

-

-

-

0

-

-

-

1,368

1,388

1,402

1,420

1,421

1,426

1,439

1,433

1,436

1,432

1,424

1,416

1,406

1,402

1,385

1,384

1,375

1,361

0

0

0

Amortization of intangible assets

10

11

11

11

11

11

11

11

11

11

11

11

11

11

11

12

0

0

0

-

-

12

12

12

9

12

11

11

11

11

11

11

0

0

0

Amortization of debt issuance costs included in interest expense

10,944

12,238

12,315

12,247

11,248

9,114

9,925

10,958

9,645

10,191

10,336

7,479

5,914

3,856

921

490

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Share based compensation for services and warrants expense

10

16

21

21

21

21

27

33

-156

-84

-19

44

342

366

393

530

1,728

2,239

2,749

3,149

2,237

1,999

1,897

1,532

1,264

1,269

1,069

1,178

1,594

1,277

1,038

804

0

0

0

Inventory valuation allowance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

274

-4,118

-1,739

1,088

7,115

5,207

2,827

0

0

0

0

-

-

-

-

Deferred tax (benefit) provision

-18,308

-1,281

1,885

4,764

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax provision (benefit)

-

-

-

-

-

-

-

-

0

0

0

-

0

0

2,850

-

2,649

-2,004

-1,020

0

-1,101

1,304

710

-272

-471

-1,301

-706

0

0

0

0

-

-

-

-

Changes in operating assets and liabilities
Accounts receivable

500

308

39

-286

139

-161

-380

50

-744

-255

-504

-885

715

365

962

1,196

182

57

-56

-26

-270

63

-47

-180

-112

-465

-276

-203

177

-565

109

-315

0

0

0

Inventories

179,265

276,068

39,388

-205,234

-433,548

-527,895

-116,507

7,279

73,319

179,186

-44,316

-173,787

-95,419

-85,210

-62,062

101,320

59,414

40,123

-3,990

38,924

46,919

41,704

69,319

20,400

30,645

34,899

23,757

41,984

36,335

38,647

37,762

48,845

0

0

0

Other current assets and prepaid expenses

-266

38

-100

-7

317

124

33

-620

-4,484

-4,932

-2,300

-216

4,979

5,041

3,022

1,032

77

-141

2

-8,193

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Deferred offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Other current assets and prepaid expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

674

48

46

132

327

10

0

0

0

Deferred offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Value added tax recoverable

-1,176

-2,542

-29,322

-78,022

-80,957

-82,905

-41,217

60,195

209,155

264,406

305,541

270,013

119,383

78,617

40,769

11,739

8,150

2,540

-3,747

-1,959

-2,377

-3,558

929

-1,022

269

2,197

1,624

2,281

2,174

2,468

-1,662

698

0

0

0

Accrued expenses and other payables

-

-

-3,308

-

-

-

6,354

4,143

14,181

17,081

8,297

8,081

-573

-1,388

829

3,634

2,752

1,467

193

-512

1,229

681

1,941

1,611

35

398

172

562

0

0

0

-

-

-

-

Customer deposits

-

-

-

-

-

-

-

185

0

0

0

-

-

-

-

23,118

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Other payables and accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Income tax payable

16,624

15,092

14,351

17,585

-2,258

2,439

6,739

4,718

-20,348

-5,007

-7,828

-4,575

24,587

5,269

1,704

201

-3,294

-4,177

-3,745

-2,273

-30

2,726

4,593

591

319

-647

-883

1,135

-299

568

591

-815

0

0

0

Other taxes payable

-562

-2,428

-2,080

106

834

757

710

957

385

1,016

701

893

-89

-393

625

-27

1,132

446

129

-66

74

271

-188

165

128

88

4

98

400

219

65

-8

0

0

0

Net cash (used in) provided by operating activities

-165,578

-212,838

57,511

365,670

581,152

677,533

240,372

-25,749

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,512

-7,051

-7,234

-7,820

-5,464

-21,506

0

0

0

CASH FLOWS FROM INVESTING ACTIVITIES
Net cash used in operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

0

76,130

-

-20,187

-12,056

48,509

20,324

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of property and equipment

-19

16

-166

145

180

553

1,109

1,241

2,752

2,314

1,972

1,507

314

371

83

67

-94

-101

-23

19

197

184

127

78

54

45

169

150

453

456

330

368

0

0

0

Investments in gold

-

-

-

-

-

-

-

551,958

1,326,469

1,532,616

1,973,774

1,913,474

945,283

651,747

361,816

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Construction costs related to Jewelry Park

-

-

-

-

-

-

-

-

-

-

-

19,415

47,104

48,048

60,316

52,775

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-202,783

-16

166

-145

-193,859

-281,623

-130,951

-553,200

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-169

-150

-453

-456

-330

-368

0

0

0

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from short term loans

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of short term loans

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash deposit for land use right-Jewelry Park

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

46,982

42,618

40,460

32,287

0

0

0

-

-

-

-

-

-

-

-

Cash payment in construction in progress-Jewelry Park

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

35,590

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-397,331

-

-47,082

-49,561

-33,123

-35,779

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from debt financing instruments private placement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from other loans short term

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

24,000

72,907

69,674

56,680

48,915

0

0

0

-

-

-

-

-

-

-

-

Repayments of other loans short term

-

-

-

-

-

-

-

-

0

0

0

-

0

0

54,255

-

16,253

20,758

39,051

57,031

63,467

55,790

24,438

6,457

0

0

0

-

-

-

-

-

-

-

-

Proceeds from long term loans

-

-

0

-

-

-

0

-

0

0

0

-

0

0

0

-

-

-

-16

3,672

32,290

32,294

32,309

28,619

0

0

0

-

-

-

-

-

-

-

-

Repayment of related party loans - short term

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of other loans long term

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from related party loan - long term

-136,528

-196,593

-324,924

0

445,263

339,568

346,482

295,989

293,583

288,476

435,016

150,509

150,762

152,933

0

0

91

111

181

65,082

63,489

64,912

64,811

0

0

0

0

-

0

0

0

-

-

-

-

Repayments of related party loans short term

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from related parties loans – long term

-

-

-

-

-

-

-

821,370

1,252,951

1,172,519

960,647

481,630

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of related party loans - long term

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

13,016

65,352

65,348

65,334

52,354

0

0

0

-

-

-

-

-

-

-

-

Repayment of loan origination fees

7,543

13,838

14,159

11,959

12,036

7,883

7,581

9,572

19,835

17,719

17,711

15,720

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-37,037

-273,033

-211,730

-28,721

-13,177

-12,312

8,145

10,683

-2,194

-12,348

-30,298

-22,874

-12,500

-4,284

-2,533

-2,514

0

0

0

0

-

-

-

-

Borrowings from related party

889

1,011

1,058

1,346

1,439

50

1,333

-4,738

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of debt financing instruments under private placement

-

-

-

-

-

-

-

-

-

-

-

60,203

125,716

126,475

126,257

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Due to related party

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

49

0

0

0

Net proceeds from stock issuance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,522

12,522

12,522

12,522

0

0

0

0

20,144

0

0

0

Net cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

0

264,313

-

91,069

56,701

47,830

15,246

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

356,116

276,691

-17,005

-367,572

-368,290

-416,569

-176,168

510,534

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,058

961

5,788

5,866

666

20,860

0

0

0

EFFECT OF EXCHANGE RATES ON CASH AND RESTRICTED CASH

468

52,164

-39,000

-3,078

0

0

0

-

-

-

-

-1,395

-1,350

-669

-305

-176

-740

-393

-261

-744

127

505

724

1,023

114

-77

-84

-25

289

614

824

673

0

0

0

NET INCREASE (DECREASE) IN CASH AND RESTRICTED CASH

-

-

0

-

-

-

0

-

-

-

-

18,232

100,035

35,997

-57,192

1,768

23,059

-5,310

62,954

-953

-16,762

1,117

-12,766

-259

21,691

1,943

17,317

-6,266

-1,609

-1,796

-4,304

-341

0

0

0

EFFECT OF EXCHANGE RATES ON CASH AND RESTRICTED CASH

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET INCREASE IN CASH AND RESTRICTED CASH

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash paid for interest expense

169,186

168,397

161,911

163,182

156,377

153,911

144,327

128,823

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

0

4,816

-

7,699

10,313

11,127

14,140

11,401

8,215

7,237

4,444

3,351

2,882

1,906

470

674

550

474

441

0

0

0

Cash paid for income tax

19,300

16,139

15,999

10,262

16,286

17,579

14,328

13,091

30,209

25,970

36,519

37,631

12,937

13,445

4,621

4,488

7,636

11,821

16,546

18,834

18,865

16,136

11,531

10,863

10,490

11,072

11,905

10,757

10,991

10,459

9,832

10,574

0

0

0

Investments in gold obtained in a lease from a related party

-

-

-

-

-

-

-

133,721

257,336

474,558

555,766

562,936

438,349

219,495

138,287

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investments in gold transferred to inventories

709,266

805,539

612,650

769,308

625,042

626,263

751,266

417,937

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventories transferred to investments in gold

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized gain (loss) on investments in gold, net of tax

500,991

273,050

70,212

81,006

-74,194

-28,184

-62,879

58,650

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Right-of-use assets obtained in exchange for operating lease obligations

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-