XINYUAN REAL ESTATE CO., LTD. XIN Cash Flow

Xinyuan real estate co., ltd. (XIN)

CashFlow / Yearly

Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income/(loss)
80,111	79,462	66,481	48,496	126,356	158,107	103,005	51,122	42,419
Adjustments to reconcile net income/(loss) to net cash used in operating activities:
Gain from liquidation of two subsidiaries, net of tax
-	-	-	-	-	12,110	0	0	-
Depreciation and amortization
13,727	8,688	8,751	6,998	3,137	2,513	2,500	2,737	2,173
Stock-based compensation expenses
4,894	7,828	3,774	2,736	427	2,151	1,740	2,646	3,302
Deferred tax expense/(benefit)
-35,587	-17,244	-25,580	9,437	-24,396	-3,594	5,892	10,594	-
Amortization of deferred charges
6,049	7,732	2,378	1,620	640	0	0	-	-
Deferred tax (benefit)/expense
-	-	-	-	-	-	-	-	-6,100
Share of loss of equity investees
-1,710	-324	2,234	-1,691	-117	0	0	226	4,402
Remeasurement gain on pre-existing interest in an equity investee at acquisition-date fair value
-	-	-	-	-	-	-	2,352	-
Remeasurement gain on pre-existing interest in an equity investee at acquisition-date fair value
-	-	-	-	-	-	-	-	0
Exchange loss
756	458	403	706	0	0	56	201	79
Changes in unrecognized tax benefit
10,737	2,718	4,150	-2,228	7,083	0	0	-	-
Loss on extinguishment of debt (Note 11)
-15,879	-12,123	0	-9,848	0	0	-	-	-
Net realized gain on short-term investments
7,873	2,505	603	3,128	0	0	-	-	-
Unrealized (gain)/loss on short-term investments
2,095	235	49	122	0	0	-	-	-
Proceeds from disposal of trading securities
178,849	61,064	26,524	76,528	0	0	-	-	-
Purchase of trading securities
186,062	97,389	21,363	79,264	0	0	-	-	-
Bargain purchase gain (Note 8)
0	2,004	0	0	-	-	-	-	-
Effect of remeasurement of equity interest in joint venture (Note 8)
0	2,100	0	0	-	-	-	-	-
Allowance for doubtful accounts
7,067	0	0	-	-	-	-	-	-
Others
-1,327	289	38	-166	-70	0	0	-	-
Changes in operating assets and liabilities:
Change in fair value of warrant liability
-	-	-	-	-	-	-	841	-
Changes in fair value of warrant liabilities
-	-	-	-	-	-	-	-	169
Accounts receivable
63,691	-6,948	28,650	6,932	5,271	-17,220	16,690	-5,860	3,889
Real estate properties held for sale
0	0	-1,185	-4,338	-5,667	11,191	0	0	-
Real estate properties development completed
355,551	429,429	9,357	-	-	-	-	-	-
Real estate properties development completed
-	-	-	-8,932	-2,337	-22,118	3,472	4,095	3,609
Real estate properties under development
-151,787	-346,724	23,151	762,186	-13,062	-52,894	17,511	122,656	-74,774
Real estate properties held for lease
111,952	100,388	9,197	11,052	37,843	7,360	-394	-	-
Advances to suppliers
7,335	-24,935	24,573	14,484	3,888	-2,564	-9,238	-	-
Advances to suppliers
-	-	-	-	-	-	-	1,566	18,973
Other receivables
47,195	-114,240	21,400	124,825	-18,068	13,732	6,396	-4,295	-11,949
Deposits for land use rights
180,359	129,517	94,952	3,411	247,456	44,357	0	-	-
Other deposits and prepayments
-275,227	258,358	114,766	48,556	50,252	909	22,520	-	-
Other deposits and prepayments
-	-	-	-	-	-	-	-8,492	3,438
Other current assets
2,783	-326	-656	138	-162	-112	348	-25,810	685
Amounts due from related parties
128,319	45,409	-62,518	124,099	807	0	0	-	-
Amounts due from employees
1,465	292	316	-8	-77	112	-32	-34	48
Other assets
16,415	10,525	4,328	4,427	305	-721	-1,356	-109	-1,052
Accounts payable
131,546	39,976	144,250	157,267	-54,094	9,315	75,620	49,438	7,996
Customer deposits
269,509	101,932	-38,092	32,027	23,156	-16,283	44,438	11,346	-3,411
Income tax payable
40,872	21,938	49,189	-58,549	42,740	8,800	23,772	23,985	5,312
Other payables and accrued liabilities
91,455	101,375	38,869	842	-40,364	13,219	9,658	4,550	12,833
Payroll and welfare payable
6,408	-2,073	5,791	-1,142	9,604	2,616	2,191	86	2,102
Net cash used in operating activities
139,712	-159,881	-4,535	-	-	-	-	51,422	124,505
Accrued interest
-	-	-	-	1,352	-17	17	763	1,479
Net cash provided/(used in) by operating activities
-	-	-	-884,314	-213,324	182,720	212,827	-	-
CASH FLOWS FROM INVESTING ACTIVITIES:
Disposal of properties held for lease and property and equipment
425	559	8	39	831	21	0	144	-182
Purchase of property and equipment
5,565	2,739	2,477	5,932	3,481	375	1,164	-	-
Proceeds from disposal of available-for-sale securities
0	0	6,284	0	0	-	-	-	-
Purchase of available-for-sale securities
0	0	6,137	0	0	-	-	-	-
Acquisition of subsidiaries, net of cash acquired (Note 8)
0	-15,055	0	9,997	91,342	0	0	-9,268	0
Acquisition of long-term investments
822,029	8,407	32,681	0	0	-	-	-	-
Net cash used in investing activities
-827,168	4,467	-35,002	-	-	-	-	8,432	-535
Acquisition of other equity method investment
-	-	-	0	5,967	0	0	-	-
Purchase of property and equipment
-	-	-	-	-	-	-	981	353
Net cash provided/(used in) investing activities
-	-	-	-15,891	-99,961	-354	-1,164	-	-
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issuance of common shares
-	-	-	-	-	-	-	-	399
Proceeds from exercise of stock options
6,111	1,454	48	1,080	5,060	98	0	15	-
Issuance of treasury shares
-	-	-	-	32,792	0	0	-	-
Purchase of shares under Restricted Stock Unit ("RSU") plan
0	4,003	3,259	7,042	0	0	-	-	-
Purchase of treasury shares
14,058	29,688	3,349	17,610	5,767	5,708	7,958	0	0
Dividends to shareholders
26,090	20,545	14,751	15,288	14,724	8,769	7,661	-	-
Loss on extinguishment of debt (Note 11)
13,000	12,123	0	9,848	0	0	-	-	-
Amounts due to related parties
-	-	-	-	-	-	-	359	6,380
Decrease/(increase) in restricted cash
212,333	-31,406	-53,913	177,026	98,268	-11,847	79,841	39,926	-17,757
Amounts due to related parties
82,725	66,414	0	0	-	-	-	-	-
Repayments of short-term bank loans and current portion of long-term bank loans
51,330	444,479	576,757	63,657	269,462	135,216	174,925	171,785	182,082
Proceeds from short-term bank loans and current portion of long-term bank loans
256,681	203,622	584,233	483,446	80,831	124,209	106,619	147,455	67,196
Repayment of long-term bank loans
14,780	13,553	38,540	0	8,070	26,012	24,860	-	-
Repayment of long-term bank loans
-	-	-	-	-	-	-	59,573	45,279
Proceeds from long-term bank loans
10,659	201,936	8,029	52,096	146,877	35,000	69,953	178,251	33,666
Repayment of other short-term debt
516,320	669,849	169,096	0	29,200	0	0	-	-
Proceeds from other short-term debt
884,488	819,039	8,511	162,802	0	0	-	-	-
Repayment of other long-term debt
236,322	369,338	17,854	122,973	40,000	0	0	75,000	0
Proceeds from other long-term debt
788,220	612,307	485,351	175,592	608,703	0	0	10,000	0
Deferred charges
23,254	10,725	3,104	10,649	9,585	0	0	-	-
Capital lease payments
4,196	3,721	3,966	2,765	5,274	0	0	-	-
Dividends to shareholders
-	-	-	-	-	-	-	0	0
Distribution to non-controlling interests
-	-	-	-	-	2,231	0	0	-
Capital injection from non-controlling interests
23,687	4,505	0	0	-	-	-	-	-
Proceeds from sale and leaseback (Note 12,17)
0	2,861	0	0	-	-	-	-	-
Repayment of mandatorily redeemable non-controlling interests
12,954	3,463	4,408	0	0	-	-	-	-
Proceeds from mandatorily redeemable non-controlling interests
14,210	13,177	1,284	6,910	0	0	-	-	-
Net cash provided by financing activities
942,144	375,230	306,282	-	-	-	-	-10,203	-101,962
SUPPLEMENTARY INFORMATION ON CASH FLOWS
Net cash provided by financing activities
-	-	-	455,065	393,912	-6,781	-118,674	-	-
NET INCREASE IN CASH AND CASH EQUIVALENTS
254,688	219,816	266,744	-445,140	80,626	175,585	92,989	-	-
NET INCREASE IN CASH AND CASH EQUIVALENTS
-	-	-	-	-	-	-	49,651	22,008
Effect of exchange rate changes on cash and cash equivalents
61,618	-29,100	-19,710	-1,483	10,287	1,401	12,902	5,874	133
Incomes taxes paid
112,460	122,347	55,564	94,316	63,850	77,493	30,774	20,155	15,249
Interest paid
223,541	181,857	187,209	-	-	-	-	-	-
Interest paid
-	-	-	141,052	32,710	20,066	23,429	24,563	20,982
Non-cash investing activities
Non-controlling interest arising from business combination (Note 8, 24)
0	5,724	0	0	-	-	-	-	-
Non-controlling interest arising from asset acquisitions
5,193	0	0	-	-	-	-	-	-
Purchase of property and equipment through capital lease
-	-	-	-	29,391	0	0	-	-
Transfer of real estate held for lease to real estate property development completed
-	-	-	-	-	-	-	-	796
Non-cash repayment of other debt
-	-	-	-	-	-	-	30,000	0