Sorl auto parts inc (SORL)
CashFlow / TTM
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)

24,657

15,012

16,235

15,451

14,905

29,436

28,526

27,026

33,049

27,109

28,569

21,354

18,550

17,373

11,801

14,525

12,454

13,197

15,306

15,167

11,680

12,250

12,216

10,527

0

0

0

-

-

-

-

-

-

-

-

Net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Allowance for doubtful accounts

3,345

1,347

801

1,159

894

2,538

1,753

1,474

-5,172

-4,622

-3,281

395

1,553

3,532

6,057

2,042

7,779

5,374

2,020

2,658

3,134

2,369

2,887

2,808

1,621

1,712

299

106

0

0

0

-

-

-

-

Depreciation and amortization

13,440

12,933

12,374

11,838

11,563

10,904

10,089

9,259

8,505

7,991

7,523

7,239

7,001

6,934

7,206

7,409

7,554

7,565

7,470

7,386

7,168

7,295

7,092

7,188

7,420

7,242

7,414

7,405

7,573

7,580

7,475

7,224

0

0

0

Deferred income tax

-635

-1,141

-358

-37

159

-164

85

-807

750

447

102

-502

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,864

-1,288

-505

-431

-1,148

-1,068

-1,071

-995

0

0

0

-

-

-

-

-

-

-

-

Gain on disposal of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-53

-35

-33

3

-5

0

0

0

-

-

-

-

-

-

-

-

Gain on disposal of property and equipment

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Amortization of debt issuance costs

1,088

796

977

1,168

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in assets and liabilities:
Accounts receivable

322

6,643

15,976

23,258

46,144

62,751

57,377

26,640

37,461

36,939

38,381

39,422

24,154

17,705

9,253

10,617

10,928

12,098

11,135

11,017

19,744

18,812

13,246

3,916

-7,729

-10,073

-8,334

-2,793

-4,183

-4,413

-68

9,026

0

0

0

Bank acceptance notes from customers

-53,675

-71,692

-98,018

-120,433

-62,763

-30,443

-11,857

3,197

-2,653

4,455

19,454

21,991

34,688

24,758

12,404

6,446

-2,568

-10,123

3,587

-3,067

-8,354

5,826

5,284

10,050

9,958

5,690

-3,767

-7,881

-8,184

-4,028

-1,938

-10,466

0

0

0

Inventories, net

80,154

52,512

78,167

97,808

39,331

51,345

36,549

43,139

18,735

27,294

8,332

-3,281

44

-8,362

-7,183

-5,100

-10,838

-9,490

618

5,836

10,072

15,406

16,603

19,454

13,260

10,205

7,175

400

7,384

11,641

14,462

22,220

0

0

0

Prepayments

-44,205

-17,835

-6,298

-942

49,422

28,688

14,252

-1,877

3,438

-4,734

1,396

7,366

4,405

6,306

4,036

-299

-1,403

711

-985

776

188

126

-84

-2,207

-2,252

-4,739

-1,812

1,539

253

1,872

913

-2,170

0

0

0

Other current assets, net

-8,240

3,677

5,831

10,884

21,877

6,332

5,623

4,371

2,248

4,056

713

291

763

107

71

412

-435

-1,137

-525

-1,200

266

2,472

1,642

2,779

1,009

-836

-758

-3,238

-2,273

-1,863

-491

1,509

0

0

0

Operating lease right of use assets

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid capital lease interest

-

-

-

-

-

-

-

-

-

-

-

-90

-133

-179

-227

-273

-323

-370

-415

-459

-650

-540

-718

-630

0

0

0

-

-

-

-

-

-

-

-

Accounts payable and bank acceptance notes to vendors

-38,077

-21,562

44,484

121,285

131,822

146,495

113,952

46,444

17,934

29,775

25,164

31,988

36,676

29,160

29,812

22,657

6,488

-4,218

697

211

4,941

8,415

3,751

3,577

0

0

0

-

-

-

-

-

-

-

-

Deposits received from customers

-

0

6,264

-

-

30,370

20,391

18,302

16,434

8,755

5,947

4,135

-1,899

-138

1,632

2,126

11,408

11,207

6,911

4,670

1,495

4,080

4,997

7,306

8,355

4,306

3,232

1,525

1,176

-13

-349

-2,723

0

0

0

Deferred tax assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

299

182

0

0

0

Accounts payable and bank acceptance notes to vendors

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Accounts payable and bank acceptance notes to vendors

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,026

0

0

0

Income tax payable

-

-

-

-

-

-

-

2,126

1,071

286

1,580

1,314

-653

-501

-1,767

-1,372

1,045

885

1,089

585

467

790

384

494

-1,140

-1,239

-737

-273

0

0

0

-

-

-

-

Income tax payable

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Deferred income

192

386

404

493

607

730

859

989

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other current liabilities and accrued expenses

6,665

5,361

3,396

692

-834

1,127

-702

4,466

3,743

2,578

4,968

5,201

3,187

2,293

933

1,225

517

1,865

3,105

5,022

5,157

3,886

3,365

3,775

0

0

0

-

-

-

-

-

-

-

-

Net Cash Flows Used In Operating Activities

-

-

-

-

-

-

-

-

-

-

-

-

-

21,082

39,388

39,314

50,139

43,015

22,881

22,561

11,693

-4,024

-2,322

1,353

0

0

0

-

-

-

-

-

-

-

-

Other current liabilities and accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

224

690

1,566

1,460

0

0

0

Deferred tax liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

54

54

0

0

0

Net Cash Flows Provided By (Used in) Operating Activities

21,037

49,855

99,035

161,160

100,012

103,161

73,618

33,820

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21,074

7,309

3,623

7,649

0

0

0

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

51,729

49,141

48,946

55,376

55,519

56,410

57,621

52,259

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in short term investments

-

-

-

-

-

-

-

-

-

-

-

-58,993

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in short term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in short term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

34,371

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

3,449

3,362

3,895

4,003

4,515

4,719

4,878

4,877

4,937

4,326

3,120

2,522

2,578

4,785

6,606

9,226

0

0

0

Change in restricted cash

-

-

-

-

-

-

-

-

-

-

-

4,897

5,002

431

1,093

809

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Leasehold improvements in progress

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

33

0

0

0

-

-

-

-

Net Cash Flows Provided By (Used In) Investing Activities

-

-

-

-

-

-

-

-

-

-

-

-

-

42,517

-39,295

-32,939

-92,750

-61,435

-48,375

-38,310

-4,392

-4,585

-4,783

-4,797

0

0

0

-

-

-

-

-

-

-

-

Advances to related parties

-

36,600

159,344

211,733

392,766

377,323

254,579

186,885

8,919

0

-448

18,247

18,247

18,247

18,695

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of advances to related parties

-

-

-

129,577

340,773

340,773

124,257

118,436

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from disposal of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

63

0

0

0

-

-

-

-

931

0

0

0

-

-

-

-

Net Cash Flows Provided By (Used In) Investing Activities

-84,227

-157,877

-84,760

-137,757

-110,093

-98,156

-193,138

-125,904

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,682

-3,894

-5,715

-8,307

0

0

0

Cash Flows From Financing Activities
Proceeds from short term bank loans

412,588

443,719

418,373

527,380

476,129

462,254

408,225

206,836

0

0

0

-

44,736

45,195

43,465

38,313

38,821

36,939

22,764

34,318

29,055

34,520

59,813

60,979

0

0

0

-

-

-

-

-

-

-

-

Proceeds from bank loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

24,080

12,080

-5,468

-658

0

0

0

Repayment of short term bank loans

349,097

375,890

434,302

426,390

402,942

347,349

228,838

113,440

0

0

0

-

41,702

37,506

38,798

24,218

24,225

29,929

24,428

29,524

26,781

33,027

56,406

70,935

0

0

0

-

-

-

-

-

-

-

-

Proceeds from related parties

-300,179

-299,513

-254,156

9,669

322,276

352,015

368,340

103,775

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments to related parties

-

-

-

-

355,034

413,849

396,365

139,482

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of long term loans

22,900

23,138

24,327

24,859

21,966

15,809

9,410

3,008

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of capital lease

-

-

-

-

-

-

-

-

-

-

-

1,779

2,622

3,538

3,598

3,624

3,689

3,702

3,698

3,685

5,479

5,477

5,471

14,103

12,007

11,659

11,866

2,315

0

0

0

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Proceeds from capital lease

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,527

12,783

12,783

13,343

0

0

0

0

-

-

-

-

Net Cash Flows Provided By (Used In) Financing Activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-66,631

1,068

10,470

10,905

3,307

-5,362

1,108

-1,461

-2,240

-320

-9,531

0

0

0

-

-

-

-

-

-

-

-

Net Cash Flows Used In Financing Activities

68,926

73,621

-37,530

85,799

46,387

65,186

169,877

82,605

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,976

3,553

5,130

10,499

0

0

0

Effects on changes in foreign exchange rate

1,051

48

-2,785

-2,837

-4,499

-2,061

1,877

542

1,279

1,054

277

1,011

1,195

962

1,461

623

-454

-283

-240

408

-458

-138

29

-36

890

854

553

6

120

201

507

584

0

0

0

Net change in cash, cash equivalents and restricted cash

6,787

-34,352

-26,041

106,364

31,807

68,129

52,234

-8,935

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental Cash Flow Disclosures:
Interest paid

12,458

11,829

12,278

11,653

9,455

7,596

4,888

2,860

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,193

1,108

824

877

840

1,135

1,278

1,262

1,272

1,399

1,055

1,906

877

1,737

2,364

1,850

3,402

2,480

0

0

0

Income taxes paid

4,524

4,687

5,474

6,343

5,283

5,364

4,726

3,398

4,216

4,150

3,618

3,284

3,306

3,519

4,501

4,590

4,355

3,903

2,773

2,714

2,629

2,617

2,475

2,418

-557

1,918

-809

2,435

5,869

3,331

6,731

3,730

0

0

0

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

-

-

-

70,818

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments to related party in the form of bank acceptance notes

-

-

-

5,097

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-22,173

1,747

-3,315

1,376

16,221

-32,159

-15,396

-31,097

-14,232

5,381

-10,989

-7,397

-13,011

4,626

16,659

27,486

24,136

14,535

7,169

3,546

10,425

0

0

0