Sorl auto parts inc (SORL)
CashFlow / Quarterly
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 income (loss)

4,653

6,270

9,975

3,758

-4,992

7,492

9,192

3,211

9,539

6,583

7,692

9,234

3,598

8,043

478

6,430

2,421

2,471

3,202

4,360

3,163

4,580

3,063

872

3,733

4,546

1,373

-

-

-

-

-

-

-

-

Net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,847

3,537

2,333

-

-

-

-

Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Net Income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,354

Allowance for doubtful accounts

731

1,713

-79

979

-1,265

1,166

278

715

378

381

0

-5,932

928

1,722

3,676

-4,774

2,907

4,248

-338

961

502

894

299

1,437

-262

1,412

221

249

-171

0

27

-

-

-

-

Depreciation and amortization

3,601

3,544

3,382

2,911

3,094

2,985

2,847

2,636

2,435

2,170

2,017

1,882

1,920

1,702

1,733

1,644

1,853

1,974

1,937

1,789

1,865

1,879

1,853

1,570

1,992

1,676

1,948

1,802

1,814

1,847

1,939

1,970

1,821

1,743

1,688

Deferred income tax

829

-1,041

580

-1,004

324

-258

900

-807

0

-8

8

750

-302

-353

-596

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-674

-1,000

-162

-26

-98

-218

-89

-743

-18

-220

-13

-

-

-

-

-

-

-

-

Gain on disposal of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-17

-7

-36

8

0

-5

0

0

-

-

-

-

-

-

-

-

Gain on disposal of property and equipment

-7

8

29

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-8

0

-2

-

-

-

-

Amortization of debt issuance costs

115

144

181

647

-176

325

372

-

38

4

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in assets and liabilities:
Accounts receivable

-20,471

10,709

25,606

-15,521

-14,150

20,042

32,888

7,364

2,457

14,668

2,151

18,185

1,934

16,109

3,192

2,916

-4,513

7,658

4,556

3,227

-3,343

6,695

4,438

11,953

-4,275

1,129

-4,891

308

-6,620

2,868

648

-1,080

-6,850

7,213

9,744

Bank acceptance notes from customers

-13,177

1,858

10,059

-52,416

-31,194

-24,467

-12,354

5,253

1,125

-5,882

2,700

-596

8,234

9,117

5,236

12,100

-1,696

-3,236

-720

3,085

-9,251

10,474

-7,375

-2,201

4,928

9,932

-2,609

-2,293

661

474

-6,722

-2,597

4,817

2,563

-15,249

Inventories, net

12,984

-16

-20,637

87,824

-14,658

25,638

-996

29,347

-2,644

10,842

5,594

4,943

5,914

-8,118

-6,020

8,269

-2,493

-6,939

-3,937

2,530

-1,144

3,169

1,279

6,767

4,190

4,366

4,130

573

1,135

1,336

-2,645

7,557

5,392

4,157

5,112

Prepayments

491

-774

9,630

-53,554

26,862

10,762

14,987

-3,189

6,128

-3,673

-1,142

2,125

-2,044

2,456

4,828

-835

-142

186

492

-1,939

1,972

-1,510

2,254

-2,527

1,910

-1,722

131

-2,572

-576

1,204

3,483

-3,859

1,042

246

399

Other current assets, net

2,747

1,113

-3,162

-8,939

14,665

3,267

1,890

2,054

-880

2,558

638

-68

927

-783

216

403

270

-819

557

-444

-430

-207

-117

1,022

1,774

-1,037

1,019

-746

-71

-959

-1,461

218

338

412

540

Operating lease right of use assets

-

-

-125

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid capital lease interest

-

-

-

-

-

-

-

-

-

-

-

-3

-17

-28

-40

-46

-63

-76

-87

-96

-110

-121

-131

-287

0

-298

-43

-

-

-

-

-

-

-

-

Accounts payable and bank acceptance notes to vendors

-29,445

-29,464

-13,728

34,560

-12,930

36,582

63,073

45,097

1,742

4,039

-4,434

16,587

13,583

-571

2,389

21,275

6,066

80

-4,765

5,106

-4,640

4,997

-5,252

9,836

-1,167

334

-5,426

-

-

-

-

-

-

-

-

Deposits received from customers

-

8,048

621

-

-

15,347

5,123

1,786

8,114

5,368

3,033

-81

434

2,561

1,221

-6,116

2,196

4,331

1,716

3,164

1,995

35

-524

-11

4,580

952

1,785

1,038

530

-121

78

689

-660

-457

-2,294

Deferred tax assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

82

17

-22

222

-35

Accounts payable and bank acceptance notes to vendors

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,957

5,749

-8,336

-

-

-

-

Accounts payable and bank acceptance notes to vendors

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,328

-6,848

8,928

3,274

Income tax payable

-

-

-

-

-

-

-

1,216

471

172

265

161

-313

1,466

0

-1,806

-162

201

394

611

-322

405

-109

494

0

0

0

-1,140

-99

502

463

-

-

-

-

Income tax payable

-1,314

397

-207

-

25,977

-282

-1,635

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

187

7

Deferred income

-317

-146

-219

876

-123

-129

-129

989

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities

-

-

-326

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other current liabilities and accrued expenses

1,058

3,841

-4,598

6,364

-245

1,875

-7,302

4,837

1,716

45

-2,133

4,114

551

2,435

-1,900

2,100

-341

1,075

-1,608

1,392

1,005

2,315

308

1,527

-265

1,795

718

-

-

-

-

-

-

-

-

Net Cash Flows Used In Operating Activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,745

-410

328

22,910

16,560

-485

11,153

15,786

-3,573

-805

285

68

-1,871

2,871

-

-

-

-

-

-

-

-

Other current liabilities and accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-203

-341

918

-148

262

534

812

Deferred tax liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13

13

13

13

13

Net Cash Flows Provided By (Used in) Operating Activities

-13,719

-19,392

-25,819

79,967

15,099

29,787

36,305

18,820

18,248

244

-3,492

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,306

5,891

4,319

3,557

-6,459

2,205

8,345

Cash Flows From Investing Activities
Acquisition of property, equipment, plant and land use rights

9,017

14,225

13,252

15,233

6,429

14,030

19,682

15,376

7,320

15,240

14,320

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in short term investments

-

-

-

-

-

-

-

-

-

-

-

1,573

-3,306

-54,407

-2,854

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in short term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

31,224

13,603

10,157

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in short term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

34,371

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

4,951

6,068

1,247

-

1,019

561

859

1,008

932

1,095

966

1,520

1,137

1,253

965

1,580

525

47

367

1,636

2,733

1,868

2,987

Change in restricted cash

-

-

-

-

-

-

-

-

-

-

-

704

4,570

-661

284

809

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Leasehold improvements in progress

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

0

0

31

-

-

-

-

Net Cash Flows Provided By (Used In) Investing Activities

-

-

-

-

-

-

-

-

-

-

-

-

-

67,696

-17,372

24,437

-32,243

-14,115

-11,017

-35,373

-929

-1,056

-952

-1,454

-1,122

-1,253

-965

-

-

-

-

-

-

-

-

Advances to related parties

-

0

15,305

-3,066

24,361

122,744

67,694

177,966

8,919

0

0

0

0

-448

18,695

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of advances to related parties

-

-

-

-92,759

0

216,516

5,821

118,436

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from disposal of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

3

38

14

-

-

-

-

924

3

0

3

-

-

-

-

Net Cash Flows Provided By (Used In) Investing Activities

42,490

6,624

-28,558

-104,784

-31,158

79,741

-81,555

-77,119

-19,222

-15,240

-14,320

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-522

-47

-395

-717

-2,733

-1,868

-2,987

Cash Flows From Financing Activities
Proceeds from short term bank loans

25,352

99,667

113,629

173,939

56,482

74,322

222,636

122,687

42,608

20,293

21,247

-

7,513

18,000

13,795

5,426

7,973

16,270

8,643

5,934

6,091

2,095

20,196

671

11,556

27,388

21,363

-

-

-

-

-

-

-

-

Proceeds from bank loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,881

19,032

-4,761

927

-3,118

1,484

48

Repayment of short term bank loans

41,914

83,133

123,310

100,739

68,706

141,546

115,398

77,290

13,114

23,035

0

-

7,513

9,546

20,050

4,591

3,317

10,838

5,470

4,599

9,020

5,337

10,566

1,856

15,266

28,716

25,095

-

-

-

-

-

-

-

-

Proceeds from related parties

0

1,104

739

-302,023

666

46,461

264,565

10,583

30,405

62,786

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments to related parties

-

-

-

-

180

71,560

256,883

26,410

58,995

54,076

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of long term loans

5,919

5,209

5,869

5,902

6,156

6,399

6,401

3,008

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of capital lease

-

-

-

-

-

-

-

-

-

-

-

0

0

872

906

843

916

932

932

908

928

928

918

2,703

927

922

9,550

607

578

1,129

0

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

263

-

-

-

-

Proceeds from capital lease

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,744

0

0

12,783

0

0

559

-559

-

-

-

-

Net Cash Flows Provided By (Used In) Financing Activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-63,200

-7,161

-9

3,739

4,499

2,240

426

-3,858

-4,170

8,711

-2,143

-4,637

-2,250

-499

-

-

-

-

-

-

-

-

Net Cash Flows Used In Financing Activities

-22,589

12,429

-14,811

93,898

-17,895

-98,722

108,519

54,486

903

5,968

21,247

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-405

-93

-5,320

842

8,124

1,484

48

Effects on changes in foreign exchange rate

-1,264

-873

1,470

1,719

-2,267

-3,708

1,418

57

170

231

83

794

-54

-545

817

978

-287

-47

-20

-99

-117

-4

629

-965

202

163

562

-37

166

-137

16

75

247

169

92

Net change in cash, cash equivalents and restricted cash

4,917

-1,212

-67,718

70,801

-36,222

7,098

64,687

-3,755

99

-8,796

3,517

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental Cash Flow Disclosures:
Interest paid

2,957

2,793

2,903

3,803

2,328

3,242

2,278

1,605

470

534

250

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

275

292

350

274

191

8

403

236

485

152

387

246

613

-192

1,239

-783

1,473

435

725

768

551

Income taxes paid

874

993

1,471

1,185

1,037

1,780

2,340

125

1,118

1,142

1,012

943

1,052

611

677

965

1,264

1,593

766

730

812

464

707

646

800

322

649

-2,330

3,276

-2,404

3,894

1,103

738

994

893

Non-cash Investing and Financing Transactions
Loans from related party in the form of bank acceptance notes

-

-

-

64,972

-27,875

929

32,791

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments to related party in the form of bank acceptance notes

-

-

-

-28,623

27,875

0

5,846

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments to related party in the form of bank acceptance notes

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans from related parties in the form of bank acceptance notes

-

-

-

-

-

-

-

-

9,139

14,375

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

567

-818

2,204

-24,127

24,487

-5,881

6,896

-9,282

-23,892

10,882

-8,804

7,582

-4,278

-5,488

-5,213

1,968

13,359

6,544

5,613

-1,380

3,758

-821

1,990

5,498