| Dec'17 | Dec'16 | |||||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net income | ||||||
71,775 | 133,328 | |||||
Adjustments to reconcile net income to cash provided by operating activities: | ||||||
Depreciation and amortization | ||||||
12,759 | 4,662 | |||||
Gain on sale of equipment | ||||||
81 | 30 | |||||
Fair value change of derivatives | ||||||
-7,004 | 8,564 | |||||
Realized gain on sale of available-for-sale investments | ||||||
5,901 | 1,541 | |||||
Deferred tax expense/(benefit) | ||||||
5,411 | - | |||||
Deferred taxes | ||||||
- | 7,251 | |||||
Share-based compensation | ||||||
26,085 | 23,594 | |||||
Gain from disposal of subsidiaries | ||||||
13,405 | 98 | |||||
Changes in operating assets and liabilities, net of acquisition: | ||||||
(Increase)/decrease in deposits with clearing organizations | ||||||
-39,788 | 3,731 | |||||
Increase in other assets arising from operating activities | ||||||
19,835 | 1,211 | |||||
Decrease in accounts payable | ||||||
-12,054 | -225 | |||||
Increase in accrued employee benefits | ||||||
-435 | 12,308 | |||||
Decrease in other liabilities arising from operating activities | ||||||
-10,307 | -20,294 | |||||
Increase/(decrease) in income taxes payable | ||||||
-6,516 | 17,523 | |||||
Net cash provided by operating activities | ||||||
94,288 | - | |||||
Net cash provided by operating activities | ||||||
- | 148,470 | |||||
Cash flows from investing activities: | ||||||
Proceeds from sale of equipment | ||||||
72 | 212 | |||||
Cash paid for purchase of equipment and leasehold improvements | ||||||
4,910 | 3,671 | |||||
Cash paid for purchase of available-for-sale investments | ||||||
2,483,021 | 1,242,287 | |||||
Cash received from sale of available-for-sale investments | ||||||
2,322,981 | 1,224,489 | |||||
Payment for acquisition of subsidiaries, net of cash acquired | ||||||
17,035 | 17,199 | |||||
Cash received from disposal of subsidiaries | ||||||
14,144 | - | |||||
Net cash provided by/(used in) investing activities | ||||||
-167,769 | - | |||||
Cash received from disposal of subsidiaries | ||||||
- | 78 | |||||
Net cash provided by/(used in) investing activities | ||||||
- | -38,378 | |||||
Cash flows from financing activities: | ||||||
Proceeds from issuance of ordinary shares | ||||||
- | 95,084 | |||||
Repayment of borrowings from related parties | ||||||
- | 17,122 | |||||
Proceeds from exercise of options | ||||||
7,594 | - | |||||
Dividends paid | ||||||
59,191 | 18,274 | |||||
Purchase of treasury stock | ||||||
5,683 | - | |||||
Net cash (used in)/provided by financing activities | ||||||
-57,280 | - | |||||
Net cash (used in)/provided by financing activities | ||||||
- | 59,688 | |||||
Net increase/(decrease) in cash | ||||||
-130,761 | 169,780 | |||||
Supplemental disclosure of cash flow information | ||||||
Cash paid for income taxes | ||||||
9,646 | 7,794 | |||||