Sorl auto parts inc (SORL)
CashFlow / Yearly
Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10
Cash Flows From Operating Activities
Net income (loss)

15,451

27,026

21,354

14,525

15,167

10,527

14,263

-

-

Net income

-

-

-

-

-

-

-

16,671

-

Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Noncontrolling interest in subsidiaries

-

-

-

-

-

-

-

1,631

-

Net Income

-

-

-

-

-

-

-

-

22,410

Allowance for doubtful accounts

1,159

1,474

395

2,042

2,658

2,808

106

542

256

Depreciation and amortization

11,838

9,259

7,239

7,409

7,386

7,188

7,405

7,224

5,351

Deferred income tax

-37

-807

-502

-1,183

-

-

-

-

-

Deferred income tax

-

-

-

-

-431

-995

-26

-

-

Gain on disposal of property and equipment

-

-

-

47

-53

-5

-13

0

-

Write-down of inventory

-

-

-

-

139

28

0

-

-

Loss on disposal of subsidiary

-

-

0

-3,170

0

-

-

-

-

Impairment on long-lived assets

-

-

-

561

0

-

-

-

-

Gain on disposal of property and equipment

40

-9

-

-

-

-

-

-

-

Amortization of debt issuance costs

1,168

-

-

-

-

-

-

-

-

Changes in assets and liabilities:
Accounts receivable

23,258

26,640

39,422

10,617

11,017

3,916

-2,793

9,026

5,088

Bank acceptance notes from customers

-120,433

3,197

21,991

6,446

-3,067

10,050

-7,881

-10,466

13,617

Inventories, net

97,808

43,139

-3,281

-5,100

5,836

19,454

400

22,220

7,051

Prepayments

-942

-1,877

7,366

-299

776

-2,207

1,539

-2,170

-157

Other current assets, net

10,884

4,371

291

412

-1,200

2,779

-3,238

1,509

-1,955

Operating lease right of use assets

577

-

-

-

-

-

-

-

-

Prepaid capital lease interest

-

-

-90

-273

-459

-630

1,698

-

-

Accounts payable and bank acceptance notes to vendors

121,285

46,444

31,988

22,657

211

3,577

-1,357

-

-

Deposits received from customers

10,765

18,302

4,135

2,126

4,670

7,306

1,525

-2,723

3,644

Deferred tax assets

-

-

-

-

-

-

-

182

168

Accounts payable and bank acceptance notes to vendors

-

-

-

-

-

-

-

4,026

1,588

Income tax payable

9,534

2,126

1,314

-1,372

585

494

-273

-937

-

Income tax payable

-

-

-

-

-

-

-

-

596

Deferred income

493

989

0

-

-

-

-

-

-

Other current liabilities and accrued expenses

692

4,466

5,201

1,225

5,022

3,775

-314

-

-

Net Cash Flows Used In Operating Activities

-

-

-

39,314

22,561

1,353

31,616

-

-

Other current liabilities and accrued expenses

-

-

-

-

-

-

-

1,460

2,169

Deferred tax liabilities

-

-

-

-

-

-

-

54

60

Net Cash Flows Provided By (Used in) Operating Activities

161,160

33,820

5,427

-

-

-

-

7,649

12,264

Cash Flows From Investing Activities
Deposits on loan agreements

-

5,196

-

-

-

-

-

-

-

Deposits on loan agreements

-

-

0

-

-

-

-

-

-

Acquisition of property, equipment, plant and land use rights

55,376

52,259

15,889

3,062

-

-

-

-

-

Change in short term investments

-

-

-58,993

29,015

-

-

-

-

-

Change in security deposit on lease agreement

-

-

-

-

-

-66

0

-

-

Change in short term investments

-

-

-

-

34,371

0

-

-

-

Acquisition and prepayments of property, plant and equipment and land use rights

-

-

-

-

4,003

4,877

2,522

9,226

16,928

Deposits for acquisition of land use rights

-

2,982

0

-

-

-

-

-

-

Refund of deposits for acquisition of land use rights

-

2,982

-

-

-

-

-

-

-

Repayment of advances to related parties

-

-

18,247

-

-

-

-

-

-

Change in restricted cash

-

-

4,897

809

0

-

-

-

-

Cash paid for disposal of subsidiary

-

-

-

99

0

-

-

-

-

Prepayment for sales-leaseback

-

-

-

-

-

-

-

-658

-

Leasehold improvements in progress

-

-

-

-

-

-

33

0

-

Net Cash Flows Provided By (Used In) Investing Activities

-

-

-

-32,939

-38,310

-4,797

-1,624

-

-

Acquisition of automotive parts business

-

-

-

-

-

-

-

-

24,963

Acquisition of intangible assets

225

-

-

-

-

-

-

0

-

Refund of deposits for acquisition of land use rights

-

-

0

-

-

-

-

-

-

Advances to related parties

211,733

186,885

18,247

0

-

-

-

-

-

Repayment of advances to related parties

129,577

118,436

-

0

-

-

-

-

-

Proceeds from disposal of property and equipment

-

-

-

47

63

14

931

920

-

Net Cash Flows Provided By (Used In) Investing Activities

-137,757

-125,904

38,206

-

-

-

-

-8,307

-41,892

Cash Flows From Financing Activities
Prepaid interest for sales-leaseback

-

-

-

-

-

-

-1,698

-

-

Proceeds from short term bank loans

527,380

206,836

-

38,313

34,318

60,979

37,183

-

-

Proceeds from bank loans

-

-

-

-

-

-

-

-658

15,529

Repayment of short term bank loans

426,390

113,440

-

24,218

29,524

70,935

39,031

-

-

Proceeds from short term bank loans

-

-

53,895

-

-

-

-

-

-

Repayment of short term bank loans

-

-

48,153

-

-

-

-

-

-

Proceeds from related parties

9,669

103,775

0

-

-

-

-

-

-

Repayments to related parties

-

139,482

0

-

-

-

-

-

-

Proceeds from long term loans

-

29,692

0

-

-

-

-

-

-

Repayments of long term loans

24,859

3,008

0

-

-

-

-

-

-

Payment of debt issuance costs

-

1,767

0

-

-

-

-

-

-

Distribution to controlling shareholder in connection with plant and land use rights exchange with entity under common control

-

-

70,781

0

-

-

-

-

-

Repayment of capital lease

-

-

1,779

3,624

3,685

14,103

2,315

-11,157

-

Proceeds from capital lease

-

-

-

-

-

14,527

0

-

-

Net Cash Flows Provided By (Used In) Financing Activities

-

-

-

10,470

1,108

-9,531

-5,862

-

-

Proceeds from Share Issuance

-

-

-

-

-

-

-

-

9,399

Capital contributed by Minority Stockholders

-

-

-

-

-

-

-

-

1,038

Net Cash Flows Used In Financing Activities

85,799

82,605

-66,819

-

-

-

-

10,499

25,968

Effects on changes in foreign exchange rate

-2,837

542

1,011

623

408

-36

6

584

95

Net change in cash, cash equivalents and restricted cash

106,364

-8,935

-

-

-

-

-

-

-

Supplemental Cash Flow Disclosures:
Interest paid

11,653

2,860

807

-

-

-

-

-

-

Interest paid

-

-

-

1,108

1,135

1,399

1,737

2,480

550

Income taxes paid

6,343

3,398

3,284

4,590

2,714

2,418

2,435

3,730

2,961

Non-cash Investing and Financing Transactions
Land use rights transferred from prepayments

7,733

-

-

-

-

-

-

-

-

Borrowings from long term loans in the form of bank acceptance notes

-

29,692

-

-

-

-

-

-

-

Loans from related party in the form of bank acceptance notes

70,818

35,706

-

-

-

-

-

-

-

Repayments to related party in the form of bank acceptance notes

5,097

-

-

-

-

-

-

-

-

Liabilities assumed in connection with acquisition of property, plant and equipment

703

-

-

-

-

-

-

-

-

Transfer of debt among related parties

-

3,711

-

-

-

-

-

-

-

Deposits on loan agreements deducted from proceeds of long term loans

-

5,196

-

-

-

-

-

-

-

Transfer of plant and land use right to entity under common control

-

-

17,342

0

-

-

-

-

-

Liabilities assumed in connection with the plant and land use right exchange

-

-

5,351

0

-

-

-

-

-

Proceeds from long term loans in the form of bank acceptance notes

-

-

0

-

-

-

-

-

-

Loans from related parties in the form of bank acceptance notes

-

-

0

-

-

-

-

-

-

Net change in cash and cash equivalents

-

-

-22,173

16,221

-14,232

-13,011

24,136

10,425

-3,564

Transfer of debt among related parties

-

-

0

-

-

-

-

-

-

Deposits on loan agreements deducted from proceeds from long term loans

-

-

0

-

-

-

-

-

-