Kandi technologies group, inc. (KNDI)
CashFlow / TTM
Dec'19Sep'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

-7,188

-3,914

-22,524

-13,832

-5,694

4,027

12,466

-466

-28,347

-42,619

-45,103

-30,752

-6,510

3,080

5,989

8,622

14,665

15,567

26,757

32,489

12,271

-4,039

-25,262

-37,463

-21,140

-4,329

3,953

5,903

6,049

3,052

2,843

5,559

9,114

0

0

0

Depreciation and amortization

8,202

8,498

6,910

5,709

4,326

3,492

4,234

4,490

4,777

4,738

4,739

4,802

4,863

5,081

5,291

5,532

5,788

5,802

5,762

5,664

5,571

5,722

6,228

6,985

7,708

7,427

6,752

5,887

4,978

4,890

4,850

4,890

4,696

0

0

0

Impairments

398

0

0

0

-

-

-

-

170

96

-1

5

-40

0

0

0

-

-

-

-

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Allowance for doubtful accounts

137

-191

-191

-438

-213

121

121

369

128

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred taxes

-

-

-

-

-

-

-

-980

-5,448

663

2,880

3,273

3,651

692

-3,045

-2,951

1,446

-1,083

501

1,535

1,579

1,007

1,463

1,065

876

698

453

-28

92

42

124

215

207

0

0

0

Change in fair value of financial instruments

-

-

-

-

-

-

-

-

-

-

-

-

-3,823

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of financial instruments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-11,519

-18,657

-23,595

-6,531

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

Acquisition effect

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Loss (income) in investment in associated companies

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-68

-63

-66

-52

0

0

0

Change of derivative instrument's fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-781

-389

959

5,401

0

0

0

Loss (income) in investment in associated companies

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Share of loss after tax of the Affiliate Company

-30,716

-40,692

-35,505

-28,632

-17,888

1,820

5,512

-5,598

-11,555

-20,559

-21,303

-7,646

-7,307

9,738

11,217

6,550

11,841

2,633

3,491

3,231

4,490

1,462

-685

-685

-2,414

0

0

0

-

-

-

-

-

-

-

-

Gain from equity dilution in the Affiliate Company

4,263

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of contingent consideration

1,107

-2,285

-675

-814

-3,405

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in reserve for fixed assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Notes and warrant issuance payments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

Stock compensation cost

1,360

1,369

1,377

1,932

285

-52

920

1,099

5,191

6,480

4,271

10,501

14,913

23,750

31,958

27,145

22,306

12,486

5,482

2,049

0

0

0

0

-

-

-

-

19

0

0

0

-

-

-

-

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

40,123

41,479

37,939

87,838

57,503

49,740

39,118

-7,921

5,821

1,355

-1,939

-276

40,962

45,488

47,891

46,034

16,240

22,736

12,293

7,606

-13,739

-3,776

-6,133

-16,193

-3,251

-10,091

-404

22,327

20,513

17,411

15,188

-703

-4,647

0

0

0

Deferred taxes assets

-

-

-

-

-0

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amount due from JV Company

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

40,929

80,686

62,844

62,142

52,055

34,558

21,746

2,877

0

0

0

-

-

-

-

-

-

-

-

Notes receivable

-246

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Notes receivable from the Affiliate Company and related party

-434

-3,472

-4,613

-11,691

-6,231

-6,341

-5,253

651

-8,068

-4,923

-4,875

-3,704

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventories

6,458

21,612

17,357

10,168

5,243

-1,058

-2,951

265

3,311

-335

5,479

-9,988

-4,952

-15,595

-17,814

66

3,497

18,090

9,859

12,959

6,280

-8,079

8

2,953

1,287

8,064

3,900

2,335

904

5,681

2,161

-1,825

550

0

0

0

Other receivables and other assets

8,200

50,147

38,536

46,382

31,373

500

-182

281

1,243

31,027

34,724

43,716

43,650

11,763

9,560

272

193

88

-488

-403

-315

-872

283

104

38

246

-266

-745

-1,955

-710

-908

411

1,566

0

0

0

Due from employee

8

25

0

-2

-1

-21

-11

-32

-10

-13

-75

-62

-41

-20

55

65

7

418

1

-4

-5

-419

0

-3

-10

131

140

186

-37

-118

-120

-159

45

0

0

0

Advances to supplier and prepayments and prepaid expenses

-4,379

-560

2,051

8,094

5,386

5,361

3,465

-4,303

-23,107

-46,352

-27,690

-13,180

9,209

31,285

6,145

-6,750

-6,664

-58,802

-46,660

-9,773

-2,609

47,076

20,890

14,219

3,810

7,788

31,429

230

4,285

0

0

0

-

-

-

-

Advances to suppliers-long term

-

-

-

-

-

-

-

3,971

5,941

4,804

4,099

5,682

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amount due from the Affiliate Company

-8,803

-16,655

60,308

87,879

95,442

102,100

71,032

47,983

53,622

57,093

49,785

80,288

111,996

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Due from related party

-

-

-

-

-

-

-

-

-10,622

-4,126

473

6,366

-28,715

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (Decrease) In:
Prepayments and prepaid expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Marketable equity securities (trading)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Accounts payable

10,440

47,088

96,457

140,664

137,390

115,366

83,086

76,117

66,784

58,328

44,901

62,241

112,150

226,648

202,238

192,683

164,704

55,183

66,763

53,440

43,114

46,756

42,995

33,298

13,699

-2,467

1,869

5,248

3,566

5,705

3,283

-51

-1,614

0

0

0

Other payables and accrued liabilities

6,069

38,682

42,944

68,700

60,736

29,586

27,423

-292

1,914

-12,033

-9,672

3,787

-3,790

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other payables and accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,048

-1,366

325

2,694

2,658

1,122

268

-746

943

2,416

2,394

-50

0

0

0

-

-

-

-

Notes payable

-12,743

-29,944

-28,766

-20,049

-30,542

-21,798

-22,503

-27,559

-13,297

-6,564

-7,388

-10,336

-8,480

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Customer deposits

-26

-184

-132

-187

-104

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other payables and accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Customer deposits

-

-

-

-

-

-

-

-

155

45

-69

24

-48

-7

-2,448

-2,443

-2,496

-21

2,588

2,498

2,588

-534

100

106

-254

547

0

-10

-740

49

-53

-58

924

0

0

0

Income tax payable

-1,619

1,372

524

104

822

-1,865

-584

1,191

1,221

1,133

-2,386

-947

1,008

-1,494

1,817

256

-1,039

1,580

1,521

1,166

482

837

460

260

651

275

208

-265

525

62

-62

423

21

0

0

0

Deferred income

44

56

5

2,443

761

65

133

-2,305

4,431

5,127

5,077

5,067

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss contingency-litigation

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss contingency-litigation

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Due to related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used in) provided by operating activities

-29,886

-11,000

-19,365

637

13,587

-3,352

-1,643

9,362

-3,214

-27,679

-47,530

-58,192

-49,526

-27,790

2,533

-1,893

-6,372

48,598

27,873

-3,102

3,327

-52,640

-6,236

11,919

14,687

23,948

-14,528

-6,700

-10,721

-7,607

4,344

17,781

12,642

0

0

0

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

526

1,233

973

774

582

644

754

845

760

656

366

269

275

457

572

623

827

1,696

2,084

2,215

2,101

927

413

269

158

8,643

8,674

9,064

9,072

0

0

0

-

-

-

-

Disposal of land use rights and other intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of land use rights and other intangible assets

-

-

-

-

103

521

524

515

416

0

0

0

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Investment in JV Company

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of Jinhua An Kao (net of cash received)

-

-

-

-

-3,555

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of SC Autosports

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Purchases of construction in progress

-

-

-

-

418

-437

-278

-702

702

3,330

5,674

7,461

6,001

3,068

189

-1,139

-1,128

58,860

58,877

58,900

58,860

0

0

0

-

-

-

-

0

5,980

11,836

10,020

9,839

0

0

0

Deposit for acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25,484

25,569

39,673

63,907

38,572

38,486

24,383

0

0

0

-

-

-

-

Asset acquisition, net of deposit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of notes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,411

59,792

-6,429

-7,876

9,450

23,900

23,678

23,786

4,174

1,973

2,976

2,952

1,011

21,252

20,259

20,276

22,992

0

0

0

Repayment of notes receivable

-

-

-

-

-

-

-

-

-

-

-

-

10,335

-44,851

7,218

6,550

6,410

47,396

-6,831

17,627

15,043

0

0

0

-

-

-

-

29,603

26,452

27,010

21,704

11,147

0

0

0

Short term investment

-

-

-

-

-

-

-

-

-4,587

126

181

-2,785

3,088

87

76

3,134

1,679

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

31,252

30,822

13,900

2,743

-947

-542

-1,262

-4,188

2,708

-4,217

-858

2,648

966

15,766

2,637

-1,173

-4,312

-74,489

-61,459

-37,376

-57,134

-10,370

-21,026

-65,464

-59,844

-68,781

-61,711

-38,639

-4,751

-1,545

-5,870

-9,083

-22,330

0

0

0

CASH FLOWS FROM FINANCING ACTIVITIES:
Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

2,257

746

7,231

8,359

-4,006

-3,237

-22,949

-25,378

-13,010

-1,691

11,336

8,182

16,135

8,918

15,759

14,569

-9,143

6,260

0

4,919

11,246

0

0

0

Proceeds from short-term bank loans

34,746

34,852

35,280

31,544

32,503

32,924

33,064

32,409

32,263

90,766

79,876

69,541

65,912

20,056

31,578

44,301

50,640

50,273

50,603

53,828

48,306

51,800

47,275

41,008

52,918

40,216

49,161

47,933

41,504

0

0

0

-

-

-

-

Repayments of short-term bank loans

38,944

33,238

34,415

32,300

33,259

34,011

33,413

33,781

35,667

63,754

52,833

41,477

35,815

0

0

0

-

-

-

-

46,517

63,662

46,952

40,686

52,596

41,867

53,165

51,937

45,539

0

0

0

-

-

-

-

Proceeds from short-term bank loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Repayments of short-term bank loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Proceeds from notes payable

-

-

-

-

54,348

49,216

51,259

44,139

22,270

25,406

17,752

15,708

12,038

-9,860

-9,937

0

0

9,864

9,929

14,972

13,011

0

0

0

-

-

-

-

40,491

20,569

21,249

24,823

35,562

0

0

0

Repayment of notes payable

-

-

-

-

58,588

57,644

69,030

57,288

28,680

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

92,609

73,048

40,788

20,492

21,063

24,795

35,919

47,549

49,260

0

0

0

Fund raising through issuing common stock and warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Option exercise, stock awards & other financing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,431

16,003

14,026

12,687

9,659

1,226

1,228

1,255

1,258

116

72

79

65

0

0

0

Proceeds from notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Warrant exercise

-

-

-

-

-

-

-

-

-

-

-

-

434

434

434

434

0

-1,346

-1,346

616

21,101

21,771

21,771

20,411

3,171

5,301

5,520

4,917

1,672

0

0

0

-

-

-

-

Common stock issued for acquisition, net of cost of capital

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

51,768

11,067

0

0

0

0

0

-

-

-

-

-

-

-

-

Net cash used in financing activities

-

-

-

-

-5,297

-9,668

-18,277

-14,519

-9,814

39,095

45,751

46,030

44,827

3,593

3,394

-1,162

-961

-12,649

32,056

36,996

69,019

100,369

29,398

70,921

46,317

57,625

83,934

44,493

25,622

8,392

-4,168

-11,039

4,333

0

0

0

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

-5,614

17,120

-3,484

1,150

7,342

-13,563

-21,183

-9,345

-10,320

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET INCREASE IN CASH AND CASH EQUIVALENTS

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,230

-

-38,540

-1,528

-3,481

15,213

37,359

2,135

17,376

1,161

12,792

7,695

-846

10,149

-760

-5,693

-2,340

-5,355

0

0

0

Effect of exchange rate changes on cash

-226

-1,515

-823

-1,221

-1,099

-286

558

1,612

1,237

451

261

-624

-770

429

1,504

2,042

2,005

730

-294

-1,381

-1,595

-306

-930

-865

-533

-1,889

-1,592

-183

-308

424

300

-144

-104

0

0

0

SUPPLEMENTARY CASH FLOW INFORMATION
Income taxes paid

1,994

1,786

1,441

1,184

2,056

2,357

2,262

2,129

1,448

1,348

2,549

2,789

2,598

3,025

2,237

1,952

2,496

2,421

2,096

2,037

1,932

1,524

1,500

1,460

942

1,034

898

1,360

998

809

997

557

529

0

0

0

Interest paid

1,738

1,738

1,729

1,733

1,708

1,734

1,730

1,652

1,625

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest paid

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

2,055

-

3,446

3,497

3,473

3,475

2,354

2,771

3,592

3,565

3,467

3,218

2,475

2,570

2,795

2,593

2,384

2,509

0

0

0

SUPPLEMENTAL NON-CASH DISCLOSURES:
Settlement of other receivables with notes receivable from unrelated parties

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Assignment of notes receivable from unrelated parties to supplier to settle accounts payable

-

-

0

37,090

-

-

17,363

5,876

5,868

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

0

73,388

-

-

61,640

45,727

44,812

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Assignment of notes receivable to supplier to settle accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Settlement of accounts payable with notes payables

-

-

0

32,742

-

-

32,175

30,288

31,533

18,108

22,189

8,115

8,146

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Replacement of notes payables with accounts payable

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Construction in progress transferred to Property, Plant and equipment

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of construction in progress by accounts payable

-

-

-

-

-

-

-

-

-

-

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

-

-

0

76,710

-

-

67,056

51,189

53,565

36,113

31,660

35,070

43,707

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Notes receivable from unrelated parties for equity transfer payment

42,853

0

0

64,285

-

-

44,725

5,876

5,868

1,003

3,414

4,639

15,052

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Construction in progress transferred back to prepayments

-

-

-

-

-

-

-

-

-

-

-

-

35,035

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax changed to other comprehensive income

-

-

-

-

-

-

-

121

78

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transferred from construction in progress to plant and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0