Kandi technologies group, inc. (KNDI)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10
CASH FLOWS FROM OPERATING ACTIVITIES:
NET LOSS

-7,188

-5,694

-28,347

-6,510

14,665

12,271

-21,140

6,049

9,114

-951

Depreciation and amortization

8,202

4,326

4,777

4,863

5,788

5,571

7,708

4,978

4,696

4,714

Impairments

398

263

170

-40

194

0

355

465

0

-

Allowance for doubtful accounts

137

-213

128

0

0

-

-

-

-

0

Deferred taxes

-1,066

4,815

-5,448

3,651

1,446

1,579

876

92

207

-62

Change in fair value of financial instruments

-

-

-

-3,823

-8,519

-

-

-

-

-

Change in fair value of financial instruments

-

-

-

-

-

-6,531

16,647

-1,986

-

-

Loss (income) in investment in associated companies

-

-

-

-

-

-54

-

-

-52

-1

Change of derivative instrument's fair value

-

-

-

-

-

-

-

-

5,401

-2,725

Loss (income) in investment in associated companies

-

-

-

-

-

-

-69

-69

-

-

Share of loss after tax of the Affiliate Company

-30,716

-17,888

-11,555

-7,307

11,841

4,490

-2,414

0

-

-

Gain from equity dilution in the Affiliate Company

4,263

-

-

-

-

-

-

-

-

-

Gain from equity sale in the Affiliate Company

20,438

-

-

-

-

-

-

-

-

-

Reserve for fixed assets

-

52

-451

0

0

-

-

-

-

-

Change in fair value of contingent consideration

1,107

-3,405

-

-

-

-

-

-

-

-

Decrease in reserve for fixed assets

-

-

-

-

-

302

0

0

-

-

Notes and warrant issuance payments

-

-

-

-

-

-

-

-

0

1,992

Stock compensation cost

1,360

285

5,191

14,913

22,306

0

0

19

252

1,438

Changes in operating assets and liabilities
(Increase) Decrease In:
Accounts receivable

40,123

57,503

5,821

40,962

16,240

-13,739

-3,251

20,513

-4,647

1,572

Deferred taxes assets

-

-0

-

-

-

-

-

-

-

-

Amount due from JV Company

-

-

-

-

-

62,142

2,877

0

-

-

Notes receivable

-246

-483

-

-1,383

-1,708

0

-

-

-

-

Notes receivable from the Affiliate Company and related party

-434

-6,231

-8,068

0

0

-

-

-

-

-

Inventories

6,458

5,243

3,311

-4,952

3,497

6,280

1,287

904

550

312

Other receivables and other assets

8,200

31,373

1,243

43,650

193

-315

38

-1,955

1,566

470

Due from employee

8

-1

-10

-41

7

-5

-10

-37

45

83

Advances to supplier and prepayments and prepaid expenses

-4,379

5,386

-23,107

9,209

-6,664

-2,609

3,810

4,285

730

-

Advances to suppliers-long term

-

-

5,941

0

0

-

-

-

-

-

Amount due from the Affiliate Company

-8,803

95,442

53,622

111,996

127,667

-

-

-

-

-

Note receivable from related party

-

-

-

-

-

0

-

-

-

-

Amount due from Affiliate Company-Longterm

-

-15,907

-

-

-

0

-

-

-

-

Amount due from JV Company-Longterm

-

-

15,907

-

-

-

-

-

-

-

Amount due from JV Company-Long term

-

-

-

0

0

-

-

-

-

-

Due from related party

-

-159

-10,622

-28,715

42,249

-

-

-

-

-

Increase (Decrease) In:
Marketable equity securities (trading)

-

-

-

-

-

-

-

-

-307

-

Prepayments and prepaid expenses

-

-

-

-

-

-

-

-

-

-923

Marketable equity securities (trading)

-

-

-

-

-

-

-

-

-

293

Accounts payable

10,440

137,390

66,784

112,150

164,704

43,114

13,699

3,566

-1,614

1,514

Other payables and accrued liabilities

6,069

60,736

1,914

-3,790

5,300

-

-

-

-

-

Other payables and accrued liabilities

-

-

-

-

-

2,694

-746

-50

2,326

-

Notes payable

-12,743

-30,542

-13,297

-8,480

-15,398

-1,951

-

-

-

-

Customer deposits

-26

-104

-

-

-

-

-

-

-

-

Other payables and accrued liabilities

-

-

-

-

-

-

-

-

-

-1,101

Customer deposits

-

-

155

-48

-2,496

2,588

-254

-740

924

40

Income tax payable

-1,619

822

1,221

1,008

-1,039

482

651

525

21

-79

Deferred income

44

761

4,431

0

0

-

-

-

-

-

Due to related party

-

-

-

-

-

-

-841

0

-

-

Net cash (used in) provided by operating activities

-29,886

13,587

-3,214

-49,526

-6,372

3,327

14,687

-10,721

12,642

4,440

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment, net

526

582

760

275

827

2,101

158

9,072

646

-

Disposal of land use rights and other intangible assets

-

-

-

-

-

-1,668

-

-

-

-

Purchases of land use rights and other intangible assets

-

103

416

3

-1,589

-

0

0

-

-

Investment in JV Company

-

-

-

-

-

-

-

0

-

-

Acquisition of Jinhua An Kao (net of cash received)

-

-3,555

-

-

-

-

0

112

0

-

Acquisition of SC Autosports

-

486

-

-

-

-

-

-

-

-

Acquisition of SC Autosports

-

-

-

-

-

-

-

-

-

3,589

Purchases of construction in progress

71

418

702

6,001

-1,128

58,860

16

0

9,839

0

Reimbursement of capitalize interests for construction in progress

-

-1,790

-

-

-

-

-

-

-

-

Cash received from equity sale in the Affiliate Company

31,850

-

-

-

-

-

-

-

-

-

Deposit for acquisition

-

-

-

-

-

-

39,673

24,383

0

-

Disposal of associated company

-

-

-

-

-

96

-64,535

-

-

-

Asset acquisition, net of deposit

-

-

-

-

-

-

-

0

-

-

Disposal of subsidiary

-

-

-

-

-

-

-

0

-

-

Investment in a subsidiary, net of cash acquired

-

-

-

-

-

-

-

-

-

265

Issuance of notes receivable

-

-

-

0

9,411

9,450

4,174

1,011

22,992

24,253

Repayment of notes receivable

-

-

-

10,335

6,410

15,043

311

29,603

11,147

2,287

Long Term Investment

-

-1,436

-

0

1,522

-

-

-

-

-

Long Term Investment

-

-

-

-

-

0

80,668

-

-

-

Short term investment

-

-

-4,587

3,088

1,679

0

0

-

-

-

Net cash provided by (used in) investing activities

31,252

-947

2,708

966

-4,312

-57,134

-59,844

-4,751

-22,330

-25,821

CASH FLOWS FROM FINANCING ACTIVITIES:
Restricted cash

-

-

-

2,257

-4,006

-13,010

16,135

-9,143

11,246

-11,215

Proceeds from short-term bank loans

34,746

32,503

32,263

65,912

50,640

48,306

52,918

41,504

48,891

-

Repayments of short-term bank loans

38,944

33,259

35,667

35,815

47,595

46,517

52,596

45,539

42,171

-

Repayments of long-term bank loans

289

302

-

-

-

-

-

-

-

-

Proceeds from short-term bank loans

-

-

-

-

-

-

-

-

-

43,370

Repayments of short-term bank loans

-

-

-

-

-

-

-

-

-

42,190

Proceeds from notes payable

-

54,348

22,270

12,038

0

13,011

83,251

40,491

35,562

38,897

Repayment of notes payable

-

58,588

28,680

0

0

27,650

92,609

21,063

49,260

28,325

Stock buyback with commission

-2,492

-

-

-

-

-

-

-

-

-

Repayment of bond payable

-

-

-

-

-

13,011

12,907

0

-

-

Fund raising through issuing common stock and warrants

-

-

-

-

-

78,358

26,387

0

-

-

Option exercise, stock awards & other financing

-

-

-

-

-

8,431

9,659

1,258

65

1,774

Proceeds from notes payable

-

-

-

-

-

-

12,907

12,658

0

-

Warrant exercise

-

-

-

434

0

21,101

3,171

1,672

0

-

Common stock issued for acquisition, net of cost of capital

-

-

-

-

-

-

0

3,784

0

-

Stock market financing and Note conversion

-

-

-

-

-

-

-

-

-

26,648

Net cash used in financing activities

-6,980

-5,297

-9,814

44,827

-961

69,019

46,317

25,622

4,333

28,960

NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH

-5,614

7,342

-10,320

-3,732

-11,646

-

-

-

-

-

NET INCREASE IN CASH AND CASH EQUIVALENTS

-

-

-

-

-

15,213

1,161

10,149

-5,355

7,579

Effect of exchange rate changes on cash

-226

-1,099

1,237

-770

2,005

-1,595

-533

-308

-104

-43

-RESTRICTED CASH AT END OF PERIOD

11,022

6,690

-

-

-

-

-

-

-

-

SUPPLEMENTARY CASH FLOW INFORMATION
Income taxes paid

1,994

2,056

1,448

2,598

2,496

1,932

942

998

529

484

Interest paid

1,738

1,708

1,625

1,671

2,188

-

-

-

-

-

Interest paid

-

-

-

-

-

3,475

3,565

2,570

2,509

1,507

Issuance of Common stock for acquisition

-

-

-

-

-

-

-

8,616

0

-

SUPPLEMENTAL NON-CASH DISCLOSURES:
Assignment of notes receivable from unrelated parties to supplier to settle accounts payable

-

-

5,868

14,509

22,748

-

-

-

-

-

Assignment of notes receivable from the JV Company and related parties to supplier to settle accounts payable

-

-

44,812

44,846

96,359

-

-

-

-

-

Assignment of notes receivable to supplier to settle accounts payable

-

-

-

-

-

14,311

-

-

-

-

Settlement of accounts payable with notes payables

-

-

31,533

8,146

13,781

5,707

-

-

-

-

Acquisition of Jinhua An Kao by stock

-

20,718

-

-

-

-

-

-

-

-

Acquisition of SC Autosports by stock

-

756

-

-

-

-

-

-

-

-

Amount due from the Affiliate Company converted to investment in the Affiliate Company

-

82,393

-

-

-

-

-

-

-

-

Construction in progress transferred to Property, Plant and equipment

-

-

-

0

0

-

-

-

-

-

Long term and short term Advances to suppliers transferred to Construction in progress

-

-

18,848

-

-

-

-

-

-

-

Purchase of construction in progress by accounts payable

-

-

3,756

4,191

0

-

-

-

-

-

Advances to suppliers-long term adjusted for other payable

-

-

1,065

0

0

-

-

-

-

-

Accounts payable transferred to construction in progress

-

-

-

-

-

0

-

-

-

-

Settlement of due from the JV Company and related parties with notes receivable from related parties

-

-

53,565

43,707

99,147

13,548

-

-

-

-

Notes receivable from unrelated parties for equity transfer payment

42,853

-

5,868

15,052

23,292

1,706

-

-

-

-

Construction in progress transferred back to prepayments

-

-

-

35,035

0

7,969

-

-

-

-

Deferred tax changed to other comprehensive income

-

-

78

0

0

-

-

-

-

-

Prepayments transferred to construction in progress

-

-

-

-

-

-

-

0

-

-

Construction in progress transferred to plant and equipment

-

-

-

-

-

-

-

10,078

-

-

Transferred from construction in progress to plant and equipment

-

-

-

-

-

-

-

-

-

0