| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | ||
|---|---|---|---|---|---|---|
Cash Flows from Operating Activities: | ||||||
Net income | ||||||
210,839 | 160,795 | 43,828 | -4,497 | -8,342 | ||
Adjustments to reconcile net income to net cash used in operating activities: | ||||||
Depreciation and amortization | ||||||
3,647 | 1,528 | 579 | 185 | 72 | ||
Disposal of property, equipment and software | ||||||
8 | 5 | - | - | - | ||
Fair value adjustments related to Consolidated ABFE | ||||||
-6,167 | -2,842 | - | - | - | ||
Share-based compensation | ||||||
12,600 | 2,480 | - | - | - | ||
Interest income from short-term investment | ||||||
- | - | 135 | 0 | 0 | ||
Fair value adjustments of loans | ||||||
- | - | 1,804 | 0 | 0 | ||
Changes in operating assets and liabilities | ||||||
Accounts receivable | ||||||
-1,104 | -7,837 | -12,434 | 23,123 | 3,030 | ||
Change in Consolidated ABFE related asset/liability | ||||||
-1,648 | -568 | - | - | - | ||
Loans at fair value | ||||||
- | - | 1,804 | 0 | 0 | ||
Prepaid expenses and other assets | ||||||
91,567 | 31,692 | 7,085 | 31,148 | 1,317 | ||
Amounts due from/to related parties | ||||||
-7,591 | -13,417 | 7,826 | 5,779 | -255 | ||
Accrued expenses and other liabilities | ||||||
104,382 | 42,895 | 14,062 | 27,516 | 1,088 | ||
Accounts payable | ||||||
3,097 | 1,324 | 716 | 0 | 0 | ||
Restricted cash | ||||||
- | - | 74,063 | 0 | 0 | ||
Liabilities from quality assurance program and guarantee | ||||||
203,333 | 133,180 | 86,958 | 0 | 0 | ||
Deferred tax assets/liabilities | ||||||
54,318 | 37,526 | 27,991 | 0 | 0 | ||
Deferred revenue | ||||||
9,005 | 6,745 | 18,700 | 0 | 0 | ||
Net cash provided by operating activities | ||||||
417,520 | 304,398 | 60,177 | -36,846 | -11,274 | ||
Cash Flows from Investing Activities: | ||||||
Purchase of property, equipment and software | ||||||
10,844 | 4,317 | 2,610 | 580 | 123 | ||
Disposal of property, equipment and software | ||||||
22 | 2 | - | - | - | ||
Purchase of held-to-maturity investments | ||||||
144,969 | 34,411 | - | - | - | ||
Redemption of held-to-maturity investments | ||||||
158,504 | 24,485 | - | - | - | ||
Purchase of available-for-sale investments | ||||||
459,367 | 178,381 | - | - | - | ||
Redemption of available-for-sale investments | ||||||
489,028 | 11,594 | - | - | - | ||
Investment in preferred shares | ||||||
416 | - | - | - | - | ||
Purchase of short term investment | ||||||
- | - | 17,508 | 0 | 0 | ||
Redemption of short term investment | ||||||
- | - | 12,863 | 0 | 0 | ||
Investment in loans at fair value | ||||||
115,703 | 43,203 | 39,383 | 0 | 0 | ||
Principal payment of loans at fair value | ||||||
41,541 | 19,469 | 1,659 | 0 | 0 | ||
Loan to a related party | ||||||
15,370 | - | - | - | - | ||
Net cash used in investing activities | ||||||
-57,574 | -204,762 | -44,979 | -580 | -123 | ||
Cash Flows from Financing Activities: | ||||||
Cash contribution from owner | ||||||
- | - | 10 | 37,650 | 11,397 | ||
Initial contribution received by the trusts | ||||||
- | 38,888 | - | - | - | ||
Principal Payments to the Fund | ||||||
- | 36,007 | - | - | - | ||
Proceeds from issuances of ABFE | ||||||
30,390 | 29,166 | - | - | - | ||
Principal Payments to ABFE | ||||||
75,610 | - | - | - | - | ||
Principal Payments on Asset Backed Special Plan | ||||||
- | 9,417 | - | - | - | ||
Proceeds received by the Trust from the Fund | ||||||
- | - | 39,792 | 0 | 0 | ||
Proceeds from initial public offering, net of offering cost | ||||||
- | - | 68,219 | 0 | 0 | ||
Proceeds from concurrent private placement, net of offering cost | ||||||
- | - | 9,000 | 0 | 0 | ||
Payments of initial public offering cost | ||||||
- | 3,143 | - | - | - | ||
Proceeds from transfer of beneficiary rights under repurchase agreement | ||||||
7,685 | - | - | - | - | ||
Dividends paid to shareholders | ||||||
93,023 | - | - | - | - | ||
Net cash provided by /(used in) financing activities | ||||||
-130,558 | 19,487 | 117,021 | 37,650 | 11,397 | ||
Effect of foreign exchange rate changes | ||||||
-2,476 | 4,228 | -1,800 | -2 | 0 | ||
Net increase in cash, cash equivalents and restricted cash | ||||||
226,912 | 123,351 | 130,419 | 222 | 0 | ||
Supplemental disclosures of cash flow information: | ||||||
Income taxes paid, net | ||||||
46,455 | 9,490 | - | - | - | ||