| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | |
|---|---|---|---|---|---|---|
Operating activities: | ||||||
Net income (loss) | ||||||
-162,043 | -11,601 | 34,805 | 66,659 | 42,650 | -43,849 | |
Adjustments to reconcile net loss to net cash provided by/(used in) operating activities: | ||||||
Depreciation and amortization | ||||||
16,544 | 15,006 | 29,279 | 26,118 | 38,342 | 39,789 | |
Loss from equity in affiliates | ||||||
-216 | -224 | -227 | -223 | -69 | -0 | |
Loss (gain) on disposal of investment or subsidiaries | ||||||
- | -185 | 271 | - | - | - | |
Provision for allowance for doubtful accounts | ||||||
4,399 | 14,797 | 18,959 | 11,599 | 6,373 | 7,437 | |
Share-based compensation | ||||||
3,524 | 10,655 | 11,518 | 8,880 | 310 | 563 | |
Unrealized gain on marketable securities | ||||||
911 | 180 | - | - | - | - | |
Goodwill impairment | ||||||
41,222 | 0 | 0 | - | - | - | |
Others | ||||||
681 | 524 | 274 | - | - | - | |
Amortization of discounts related to liability for exclusive rights | ||||||
- | - | - | 52 | 935 | 1,882 | |
Impairment and others | ||||||
- | - | - | 35 | - | - | |
Valuation allowance for deferred tax assets | ||||||
- | - | - | - | - | -830 | |
Others | ||||||
- | - | - | - | -20 | -108 | |
Changes in operating assets and liabilities: | ||||||
Restricted cash | ||||||
336 | - | - | - | - | - | |
Accounts receivable | ||||||
18,751 | -23,454 | 12,189 | 45,417 | 7,325 | 32,403 | |
Marketable securities | ||||||
- | 2,001 | - | - | - | - | |
Customer deposits | ||||||
-3,456 | -18,887 | 58,833 | - | - | - | |
Amounts due from related parties | ||||||
-3,804 | 7,872 | 8 | -3,471 | 3,882 | - | |
Prepaid expenses and other current assets | ||||||
1,201 | -9,310 | 8,334 | 4,236 | 1,531 | -3,694 | |
Other non-current assets | ||||||
-69 | -17 | 264 | 247 | 281 | -137 | |
Accounts payable | ||||||
1,226 | 1,230 | -42 | -1,051 | -301 | 1,714 | |
Accrued payroll and welfare expenses | ||||||
-5,152 | -3,954 | -2,265 | 17,515 | 10,398 | 5,215 | |
Income tax payable | ||||||
-3,068 | -646 | 9,774 | 15,249 | 20,119 | 6,032 | |
Other tax payable | ||||||
-5,571 | -15,401 | 4,214 | 9,297 | 8,320 | 3,503 | |
Amounts due to related parties | ||||||
1,511 | -7,620 | 48,449 | 4,381 | -21,644 | 21,655 | |
Other current liabilities and accrued expenses | ||||||
20,269 | 5,507 | -16,319 | 14,668 | - | - | |
Deferred tax assets | ||||||
22,152 | 11,399 | 4,605 | - | - | - | |
Deferred tax liabilities | ||||||
-2,242 | -4,016 | -3,095 | - | - | - | |
Net cash provided by/(used in) operating activities | ||||||
-124,504 | 35,108 | 51,274 | - | - | - | |
Other current liabilities and accrued expenses | ||||||
- | - | - | - | 8,930 | -1,027 | |
Deferred taxes | ||||||
- | - | - | 2,369 | 18,081 | 11,960 | |
Net cash provided by operating activities | ||||||
- | - | - | 124,830 | 83,422 | 3,324 | |
Investing activities: | ||||||
Deposits for and purchases of property and equipment and intangible assets | ||||||
2,526 | 4,243 | 14,810 | 12,122 | 16,957 | 18,180 | |
Investment in affiliates | ||||||
- | - | 369 | 245 | 246 | - | |
Cash paid for business acquisitions, net of cash acquired | ||||||
5,878 | - | - | - | - | - | |
Cash outflow due to disposal of a subsidiary | ||||||
- | -129 | - | - | - | - | |
Proceeds from disposal of property and equipment | ||||||
293 | 57 | 80 | 12 | 546 | 21 | |
Net cash used in investing activities | ||||||
-8,111 | -4,315 | -15,099 | - | - | - | |
Net cash used in investing activities | ||||||
- | - | - | -12,355 | -16,656 | -18,159 | |
Financing activities: | ||||||
Contribution from non-controlling interest shareholders | ||||||
- | 296 | - | - | 36 | 252 | |
Refund loans to related parties | ||||||
- | - | - | - | -43,818 | 19,761 | |
Proceeds of loans from related parties | ||||||
- | 89,462 | - | - | 2,760 | - | |
Repayment of loans to related parties | ||||||
1,862 | 87,600 | 42,513 | - | - | - | |
Advance from related parties | ||||||
- | - | - | 276 | - | - | |
Contribution from E-House | ||||||
- | - | - | 120 | 1 | 1,500 | |
Dividends paid to non-controlling interests | ||||||
- | - | 10 | - | 338 | 8 | |
Proceeds from issuance of ordinary shares, net of paid issuance costs of $15,036,616 | ||||||
- | - | - | 120,257 | - | - | |
Proceeds from exercise of options | ||||||
- | 314 | 1,582 | 535 | - | - | |
Acquisition of non-controlling interest of subsidiaries | ||||||
- | 7,079 | 17,360 | 14,418 | - | - | |
Dividends to shareholders | ||||||
- | - | 26,873 | - | - | - | |
Net cash used in financing activities | ||||||
-1,862 | -4,604 | -85,174 | - | - | - | |
Proceeds from partial disposal of subsidiaries | ||||||
- | - | - | 309 | - | - | |
Net cash provided by (used in) financing activities | ||||||
- | - | - | 107,080 | -41,359 | 21,504 | |
Effect of exchange rate changes on cash and cash equivalents | ||||||
11,109 | -12,145 | -8,515 | -474 | 2,233 | 166 | |
Net increase (decrease) in cash and cash equivalents | ||||||
-123,369 | 14,041 | -57,515 | 219,081 | 27,639 | - | |
Net increase in cash and cash equivalents | ||||||
- | - | - | - | - | 6,836 | |
Supplemental disclosure of cash flow information: | ||||||
Income taxes paid | ||||||
10,256 | 10,199 | 5,196 | 1,953 | 1,478 | 1,008 | |
Non-cash investing and financing activities: | ||||||
Non-controlling interest recognized in connection with business acquisition | ||||||
59 | - | - | - | - | - | |
Additional paid in capital recognized in connection with business acquisition | ||||||
- | - | - | - | 6 | - | |
Consideration payable for amount recognized in purchase of exclusive rights | ||||||
- | - | - | - | 8,967 | -22,892 | |
Related party loans waived and recorded as a capital contribution | ||||||
- | - | - | - | 1 | 1,500 | |
Related party payable recorded as a capital contribution | ||||||
- | - | - | 2,857 | 15,527 | 21,560 | |
Deemed distribution to E-House associated with tax liability | ||||||
- | - | - | 571 | 2,381 | 1,747 | |
Total equity decreased in connection with disposal of a subsidiary | ||||||
- | 187 | - | - | - | - | |
Decrease in amount due to related party due to vesting of restricted shares | ||||||
- | -1,012 | -1,012 | -1,012 | - | - | |
Payables for acquisition of non-controlling interest | ||||||
- | - | 7,338 | 25,645 | - | - | |