| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|---|---|---|---|---|---|
Bonds 6.875% Due 2017 | ||||||
CASH FLOWS FROM OPERATING ACTIVITIES | ||||||
Net loss | ||||||
-141,040 | -134,224 | -61,946 | -52,942 | -7,763 | - | - |
Adjustments to reconcile net loss to net cash generated from operating activities: | ||||||
Net profit/(loss) from continuing operations | ||||||
- | - | - | - | - | 9,252 | 7,299 |
Foreign exchange (gain) loss | ||||||
-2,636 | 8,115 | 11,176 | -2,620 | 1,168 | -64 | 5,203 |
Changes in the fair value of contingent purchase consideration payables | ||||||
144 | -13,439 | 6,688 | 3,647 | - | - | - |
Changes in the fair value of contingent purchase consideration payable | ||||||
- | - | - | - | 9,231 | 2,798 | 10,039 |
Depreciation of property and equipment | ||||||
80,460 | 69,150 | 62,064 | 44,964 | 23,339 | 14,893 | 9,354 |
Amortization of intangible assets | ||||||
22,071 | 26,496 | 28,427 | 20,577 | 9,730 | 5,678 | 4,783 |
Loss (gain) on disposal of property and equipment and intangible assets | ||||||
505 | -1,743 | - | - | - | - | - |
Loss (gain) on disposal of property and equipment | ||||||
- | - | -16 | 429 | -57 | -287 | -65 |
Allowance for doubtful debt | ||||||
5,752 | 16,933 | 5,063 | 1,598 | - | 86 | 29 |
Provision for doubtful accounts and other receivables | ||||||
- | - | - | - | 91 | - | - |
Share based compensation expense | ||||||
7,244 | 17,101 | 29,335 | 37,671 | 11,195 | 10,856 | 6,667 |
Deferred income tax benefits | ||||||
-19,677 | -9,496 | -3,128 | -4,630 | -3,235 | -1,496 | -2,938 |
Bargain purchase gain | ||||||
- | - | - | 0 | 0 | 1,692 | - |
Gain from equity method investments | ||||||
8,266 | 5,135 | 8,082 | -108 | -227 | -177 | - |
Loss on debt extinguishment | ||||||
- | -4,298 | - | -6,702 | - | - | - |
Dividend income of cost method investments | ||||||
280 | - | - | - | - | - | - |
Gain from disposal of subsidiaries | ||||||
76,393 | - | - | - | - | - | - |
Impairment of long-lived assets | ||||||
61,757 | - | - | - | - | - | - |
Impairment of goodwill | ||||||
117,800 | - | - | - | - | - | - |
Impairment of long-term investment | ||||||
3,114 | - | - | - | - | - | - |
Gain from cost method investments | ||||||
- | 743 | - | - | - | - | - |
Impairment of long-lived assets | ||||||
- | 56,596 | - | - | - | - | - |
Changes in operating assets and liabilities, net of effects of acquisitions and disposals: | ||||||
Restricted cash | ||||||
13,048 | -4,978 | 12,954 | 7,603 | 144 | - | - |
Accounts and notes receivable | ||||||
-2,809 | 5,903 | -2,329 | 13,175 | - | - | - |
Inventories | ||||||
174 | -1,312 | 537 | 377 | - | - | - |
Accounts receivable | ||||||
- | - | - | - | 50,117 | 21,153 | 10,555 |
Prepaid expenses and other current assets | ||||||
47,675 | 21,430 | 43,043 | 16,651 | 7,366 | 1,145 | 1,066 |
Amounts due from related parties | ||||||
-682 | 2,442 | 2,767 | 283 | 1,263 | -5,736 | 5,417 |
Accounts and notes payables | ||||||
6,527 | 6,762 | 14,904 | 19,614 | - | - | - |
Unrecognized tax (expense) benefits | ||||||
-605 | 2,045 | -920 | - | - | - | - |
Accounts payable | ||||||
- | - | - | - | 10,121 | 3,243 | 2,376 |
Unrecognized tax benefits (expense) | ||||||
- | - | - | 305 | 1,027 | -2,321 | 3,372 |
Accrued expenses and other payables | ||||||
41,511 | 11,841 | 14,309 | -7,561 | 17,171 | -106 | 7,673 |
Deferred revenue | ||||||
-10,054 | -4,045 | -1,674 | -1,716 | - | - | - |
Advances from customers | ||||||
31,023 | 2,246 | 13,604 | 15,655 | 1,673 | -1,148 | 940 |
Income taxes payable | ||||||
-1,006 | -4,041 | 2,307 | 1,442 | -2,110 | 2,831 | 332 |
Deferred government grants | ||||||
-766 | -954 | 625 | - | - | - | - |
Deferred government grants | ||||||
- | - | - | 2,161 | -124 | 2,082 | 67 |
Amounts due to related parties | ||||||
-2,206 | 512 | 30 | 746 | 89 | -1,005 | -1,422 |
Net cash generated from operating activities | ||||||
61,835 | 12,046 | 33,474 | 52,443 | 10,661 | - | - |
CASH FLOWS FROM INVESTING ACTIVITIES | ||||||
Net cash generated from operating activities | ||||||
- | - | - | - | - | 27,917 | 26,395 |
Purchases of property and equipment | ||||||
60,864 | 82,745 | 162,444 | 129,019 | 69,235 | 71,704 | 40,635 |
Assets acquisition of BJ Yichengtaihe | ||||||
- | - | - | -22,152 | - | - | - |
Purchases of intangible assets | ||||||
2,914 | 5,473 | 7,335 | 9,381 | 5,977 | 21,489 | 127 |
Proceeds from disposal of property and equipment | ||||||
879 | 7 | 263 | 2,682 | 40 | 32 | 1,207 |
Disposal of subsidiaries | ||||||
-9,926 | - | - | - | - | - | - |
Payments for short-term investments | ||||||
116,176 | 41,067 | 258,600 | 24,521 | 181,421 | 42,926 | 262,205 |
Loans to related parties | ||||||
- | - | - | 19,119 | 6,120 | 2,412 | - |
Loans to third parties | ||||||
- | - | 11,342 | 31,980 | - | - | - |
Receipt of loan to a related party | ||||||
- | - | - | 6,285 | 201 | - | - |
Receipt of loan to a third party | ||||||
15,370 | 6,233 | - | 8,059 | - | - | - |
Proceeds received from maturity of short-term investments | ||||||
74,533 | 16,175 | 385,444 | 71,398 | 36,200 | 150,764 | 118,709 |
Proceeds from disposal of long-term investments | ||||||
- | 1,623 | - | - | - | - | - |
Proceeds from dividend income of cost method investments | ||||||
280 | - | - | - | - | - | - |
Loans to seller | ||||||
- | - | - | - | - | 2,068 | - |
Deposit for acquisition of BJ Yichengtaihe | ||||||
- | - | - | 0 | 165 | - | - |
Restricted cash | ||||||
-20,109 | - | - | 0 | 0 | 19,523 | - |
Payments for business acquisitions, net of cash acquired (Note 4) | ||||||
- | - | - | 210,847 | 10,208 | 10,765 | 6,414 |
Acquisition of the remaining 49% equity interest of Managed Network Entities (Note 4(b)) | ||||||
- | - | - | - | - | - | 10,705 |
Payments for long-term investments | ||||||
24,926 | 7,014 | 3,125 | 5,941 | 8,342 | 8,106 | 1,303 |
Payments for available-for-sale investments | ||||||
- | 767 | - | - | - | - | - |
Payments for assets acquisition, net of cash acquired | ||||||
3,851 | 8,104 | - | - | - | - | - |
Net cash used in investing activities | ||||||
-107,486 | -121,132 | -57,139 | -364,536 | -248,992 | - | - |
CASH FLOWS FROM FINANCING ACTIVITIES | ||||||
Net cash used in investing activities | ||||||
- | - | - | - | - | -28,197 | -201,473 |
Restricted cash | ||||||
261,622 | -244,766 | 7,770 | 13,079 | -63 | -46,097 | -22 |
Proceeds from exercise of stock options | ||||||
142 | 650 | 1,134 | 480 | 1,069 | 530 | 1,557 |
Proceeds from issuance of ordinary shares | ||||||
- | 367,088 | 279,184 | 0 | 88,095 | - | 211,777 |
Payments for contingent consideration in relation to acquisitions | ||||||
- | 377 | - | - | - | - | - |
Repayment of 2016 bonds/ 2017 bonds | ||||||
64,645 | 38,067 | - | - | - | - | - |
Consideration paid to selling shareholders | ||||||
- | - | 2,981 | 0 | 12,998 | - | - |
Proceeds received on behalf of selling shareholders | ||||||
- | - | - | 0 | 12,998 | - | - |
Proceeds from issuance of preferred shares | ||||||
- | - | - | - | 0 | - | - |
Proceeds from issuance of preferred shares | ||||||
- | - | - | - | - | - | 36,578 |
Dividends paid to a noncontrolling shareholders of subsidiary | ||||||
- | - | - | 0 | 574 | - | 606 |
Repurchase of 2017 bonds | ||||||
- | - | - | 122,588 | - | - | - |
Proceeds from issuance of 2020 bonds (Note 16) | ||||||
297,581 | - | - | 319,221 | 160,702 | - | - |
Payment of issuance cost of 2020 bonds | ||||||
1,496 | - | - | - | - | - | - |
Proceeds from long-term bank borrowings | ||||||
6,830 | 30,912 | 13,155 | 7,748 | 154,593 | - | - |
Proceeds from short-term bank borrowings | ||||||
10,759 | 248,549 | 46,312 | 58,493 | 33,045 | - | - |
Repayment of long-term bank borrowings | ||||||
14,453 | 7,104 | 148,247 | 31,555 | 661 | - | - |
Repayment of short-term bank borrowings | ||||||
257,239 | 45,802 | 28,433 | 61,312 | 33,579 | - | - |
Payments for business acquisitions, net of cash acquired (Note 4) | ||||||
- | - | - | 785 | - | - | - |
Payments for purchase of noncontrolling interest/mandatorily redeemable noncontrolling interests | ||||||
- | 14,403 | 1,235 | - | - | - | - |
Payments for purchase of property and equipment through capital leases | ||||||
30,605 | 3,405 | 12,589 | 5,155 | - | - | - |
Advance of loan from a third party | ||||||
- | - | - | 24,176 | - | - | - |
Repayment of loan from a third party | ||||||
-15,370 | - | - | -8,059 | - | - | - |
Proceeds from sales and leaseback transactions | ||||||
- | - | 20,069 | 26,432 | - | - | - |
Rental prepayment and deposits for sales and leaseback transactions | ||||||
25,314 | 21,996 | 2,007 | 4,951 | - | - | - |
Contribution from noncontrolling interest in a subsidiary | ||||||
20,693 | 576 | - | 0 | 16,519 | - | - |
Prepayment for future share repurchase plan | ||||||
585 | 5,621 | - | - | - | - | - |
Payments for share repurchase plan | ||||||
20,461 | 6,145 | - | 34,437 | 9,882 | - | 30,191 |
Net cash generated from financing activities | ||||||
167,459 | 30,169 | 172,132 | 180,787 | 409,264 | - | - |
Proceeds from long-term bank borrowings | ||||||
- | - | - | - | - | 37,219 | - |
Proceeds from short-term bank borrowings | ||||||
- | - | - | - | - | 28,404 | 17,477 |
Repayment of long-term bank borrowings | ||||||
- | - | - | - | - | 161 | - |
Repayment of short-term bank borrowings | ||||||
- | - | - | - | - | 16,051 | 7,150 |
Net cash (used in) generated from financing activities | ||||||
- | - | - | - | - | 3,844 | 229,420 |
Effect of foreign exchange rate changes on cash and cash equivalents | ||||||
-21,564 | 23,086 | 12,180 | 42 | -1,350 | -55 | -2,367 |
Net increase (decrease) in cash and cash equivalents | ||||||
100,244 | -55,831 | 160,647 | -131,264 | 169,583 | 3,509 | 51,975 |
Supplemental disclosures of cash flow information | ||||||
Income taxes paid | ||||||
8,465 | 7,252 | 9,697 | 5,278 | 6,297 | 7,141 | 1,407 |
Interest paid | ||||||
14,885 | 22,422 | 37,468 | 36,964 | 10,262 | 1,706 | 699 |
Interest received | ||||||
4,435 | 2,864 | 9,492 | 13,438 | - | - | - |
Interest received | ||||||
- | - | - | - | 4,476 | 3,146 | 738 |
Supplemental disclosures of non-cash activities | ||||||
Purchase of property and equipment through capital leases | ||||||
69,746 | 8,755 | 20,986 | 37,372 | 43,390 | -1,739 | 4,114 |
Purchase of property and equipment included in accrued expenses and other payables, notes payable, and amounts due to related parties | ||||||
-2,421 | -7,442 | -14,632 | - | - | - | - |
Purchase of property and equipment included in accrued expenses and other payables, notes payable, and amounts due to related parties | ||||||
- | - | - | 20,256 | - | - | - |
Purchase of intangible assets included in accrued expenses and other payables | ||||||
-208 | 189 | -215 | -797 | - | - | - |
Contingent consideration related to the acquisitions included in amount due to related parties and accrued expenses and other payables | ||||||
-144 | -44,091 | -26,479 | 59,754 | - | - | - |
Purchase of property and equipment included in accrued expenses and other payables, notes payable, and amounts due to related parties | ||||||
- | - | - | - | 7,363 | 2,054 | 784 |
Purchase of intangible assets included in accrued expenses and other payables | ||||||
- | - | - | - | -1,683 | 3,172 | 35 |
Disposal of property and equipment included in amounts due from related parties | ||||||
- | - | - | - | 0 | - | 939 |
Contingent consideration related to the acquisitions included in amount due to related parties | ||||||
- | - | - | - | 5,376 | -3,620 | 11,771 |
Conversion of redeemable convertible preferred shares into ordinary shares concurrent with initial public offering | ||||||
- | - | - | - | 0 | - | 194,050 |