← 36Kr Holdings Inc.

Annual Trend FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — $22.6m ($89.2m) ($140.8m) $11.4m
Net Income (Loss) Available to Common Stockholders, Basic — ($80.6m) ($850.4m) ($280.2m) ($89.6m) $21.9m ($90.0m) ($136.6m) $11.2m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — $40.5m ($3.7m) ($42.8m) ($90.6m) $22.6m ($89.2m) ($140.8m) $11.4m
Net Income (Loss) Attributable to Noncontrolling Interest — $0 ($22k) ($136k) ($1.0m) $694k $733k ($4.2m) $262k
Amortization of Intangible Assets — $18k $5k $8k $96k $150k $266k $368k $311k
Depreciation — $1.6m $603k $850k $2.6m $1.8m $1.7m $2.2m $1.9m
Depreciation of property and equipment $487k $1.6m $4.2m $5.5m $2.6m $1.8m $1.7m $2.2m $1.9m
Amortization Cash Flow — — — — — $150k $266k $368k $311k
Amortization Of Intangibles — — — — — $150k $266k $368k $311k
Depreciation Amortization Depletion — — — — — $15.5m $13.2m $10.2m $10.4m
Deferred Income Tax Expense (Benefit) — ($252k) ($443k) $520k ($53k) — — — —
Deferred Income Tax — — — — $0 $0 — — —
Deferred Tax — — — — $0 $0 — — —
Share-based Payment Arrangement, Noncash Expense — $5.1m $13.1m $6.0m $15.0m $13.9m $4.7m ($178k) $13k
Equity Method Investment, Other than Temporary Impairment — — — $0 $0 $0 $0 $44.5m —
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount — — — — — — — $44.5m $44.5m
Goodwill, Impairment Loss — — — $214k — — — — —
Share-based compensation expenses/(gain) $4.9m $5.1m $91.2m $39.3m $15.0m $13.9m $4.7m ($178k) $13k
Asset Impairment Charge — — — — $0 $0 — — —
Equity Method Investment, Realized Gain (Loss) on Disposal — — — — — — ($700k) — —
Gain (Loss) on Disposition of Property Plant Equipment — — — ($16k) ($73k) ($25k) ($42k) ($294k) ($33k)
Income (Loss) from Equity Method Investments — ($2.8m) — ($3.6m) ($5.5m) $51k ($523k) ($3.7m) ($723k)
Income Tax Expense (Benefit) — $14.8m $2.9m $577k $102k $361k ($42k) $64k $21k
Other Nonoperating Income (Expense) — $3.2m $184k $503k $3.3m $8.1m $7.7m $1.6m $676k
Share of loss from equity method investments $549k $2.8m $0 $23.5m $5.5m ($51k) $523k $3.7m $723k
Prepayment of an equity investment ($3.5m) — ($42.4m) — ($30.9m) — — ($1.0m) —
Earnings (Loss)es From Equity Investments — — — — — ($51k) $523k $3.7m $723k
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable — $121.5m $52.5m ($16.6m) ($241.5m) ($6.9m) $38.8m ($24.8m) $3.2m
Increase (Decrease) in Accounts Payable — $9.8m $17.1m ($11.3m) ($8.4m) ($2.8m) $6.9m $712k ($13.0m)
Foreign Currency Transaction Gain (Loss), before Tax — $275k ($6k) ($16k) ($68k) $3k ($21k) $24k ($25k)
General and Administrative Expense — $24.1m $18.8m $32.6m $90.6m $52.1m $107.0m $93.1m $42.4m
Operating Expenses — $113.2m $42.8m $60.2m $282.0m $229.2m $276.2m $190.1m $121.5m
Proceeds from Stock Options Exercised — — — $1k $7k — — $18k $1k
Unrealized Gain (Loss) on Investments — $3.5m $264k $73k $670k $618k $235k $58k $529k
Net (loss)/income $7.9m $40.5m ($25.9m) ($279.3m) ($90.6m) $22.6m ($89.2m) ($140.8m) $11.4m
Allowance for credit losses — $2.6m $10.0m $127.1m $9.9m ($28.7m) $28.2m $32.5m $3.9m
Exchange losses/(gains) — ($275k) $40k $104k $68k ($3k) $21k ($24k) $25k
Fair value changes of short-term investments ($334k) ($3.5m) ($1.8m) ($474k) ($670k) ($618k) ($235k) ($58k) ($529k)
Long-term investment loss/(income), net — — — — — ($16.0m) $8.1m $62.8m ($418k)
Disposal gain on subsidiaries — — ($11.5m) — — ($38.0m) ($3.4m) ($839k) ($355k)
Accounts receivable ($60.8m) ($121.5m) ($365.8m) $108.2m $241.5m $6.9m ($38.8m) $24.8m ($3.2m)
Receivables due from related parties ($2.1m) ($8.7m) $6.4m $4.5m ($1.8m) ($608k) $676k ($16k) ($166k)
Prepayments and other current assets ($5.2m) ($7.0m) ($34.5m) $23.7m $51k $26.0m $60k ($3.0m) $4.6m
Accounts payable $10.5m $9.8m $119.1m ($73.6m) ($8.4m) ($2.8m) $6.9m $712k ($13.0m)
Salary and welfare payables $9.9m $24.6m $14.6m ($5.2m) $10.2m ($3.6m) ($16.1m) ($3.7m) ($6.7m)
Taxes payable $9.2m $7.4m $18.4m ($16.5m) ($6.0m) ($2.0m) ($4.7m) ($3.4m) $1.4m
Deferred revenue $3.5m $681k $3.9m $10.7m $10.0m ($3.7m) ($1.6m) ($846k) $20.6m
Amounts due to related parties $798k $1.2m ($2.0m) $548k $780k ($1.0m) ($51k) $528k $1.2m
Accrued liabilities and other payables $8.0m ($2.9m) $17.5m $1.9m $3.8m $8.1m ($5.1m) ($7.6m) ($1.8m)
Lease liabilities — — — ($15.4m) ($12.6m) ($1.2m) ($25.4m) ($7.9m) ($9.2m)
Purchase of intangible assets — ($273k) ($137k) ($164k) ($433k) ($591k) ($22k) ($42k) —
Cash received from customer in relation to advertisement agent services — — — — $26.3m $70.2m $68.8m $16.0m $3.0m
Net cash upon disposal of subsidiaries — — — — — — $85k ($3.0m) $198k
Investment in long-term investments — — — — ($30.9m) ($39.0m) ($9.5m) ($4.0m) ($11.6m)
Cash paid to acquire subsidiaries — — — — — ($1.7m) — ($188k) —
Cash received from disposal of equity investees — — — — — — $742k $5.5m $3.0m
Proceeds from bank loan — — — — $10.0m $9.9m $14.9m $10.0m $29.9m
Repayment of bank loan — — — — ($5.0m) ($5.0m) ($14.9m) ($9.9m) ($20.0m)
Proceeds from employee options exercised — — — $8k $7k — — $18k $1k
Capital injection from non-controlling interest shareholders — — $6.9m $520k $750k $174k $255k — —
Beginning Cash Position — — — — — $97.0m $142.6m $41.5m $37.6m
Cash Flow From Continuing Financing Activities — — — — — $5.1m $481k ($3.6m) $9.7m
Cash Flow From Continuing Investing Activities — — — — — $43.3m $20.2m $32.5m $48.0m
Change In Account Payable — — — — — ($2.8m) $6.9m $712k ($13.0m)
Change In Accrued Expense — — — — — $8.1m ($5.1m) ($7.6m) ($1.8m)
Change In Income Tax Payable — — — — — ($2.0m) ($4.7m) ($3.4m) $1.4m
Change In Other Current Liabilities — — — — — ($1.2m) ($25.4m) ($7.9m) ($9.2m)
Change In Other Working Capital — — — — — ($3.7m) ($1.6m) ($846k) $20.6m
Change In Payable — — — — — ($9.4m) ($14.0m) ($5.9m) ($17.1m)
Change In Payables And Accrued Expense — — — — — ($1.2m) ($19.0m) ($13.5m) ($18.9m)
Change In Prepaid Assets — — — — — $26.0m $60k ($3.0m) $4.6m
Change In Receivables — — — — — $6.3m ($38.1m) $24.8m ($3.4m)
Change In Tax Payable — — — — — ($2.0m) ($4.7m) ($3.4m) $1.4m
Change In Working Capital — — — — — $26.3m ($84.1m) ($508k) ($6.3m)
Changes In Account Receivables — — — — — $6.9m ($38.8m) $24.8m ($3.2m)
Changes In Cash — — — — — $43.4m ($101.5m) ($4.1m) $76.8m
End Cash Position — — — — — $142.6m $41.5m $37.6m $114.1m
Financing Cash Flow — — — — — $5.1m $481k ($3.6m) $9.7m
Free Cash Flow — — — — — ($6.6m) ($127.6m) ($33.5m) $18.9m
Gain Loss On Investment Securities — — — — — ($16.0m) $8.1m $62.8m ($418k)
Gain Loss On Sale Of Business — — — — — ($38.0m) ($3.4m) ($839k) ($355k)
Gain Loss On Sale Of PPE — — — — — $25k $42k $294k $33k
Investing Cash Flow — — — — — $43.3m $20.2m $32.5m $48.0m
Net Business Purchase And Sale — — — — — ($1.7m) $827k $1.3m $3.2m
Net Foreign Currency Exchange Gain Loss — — — — — ($3k) $21k ($24k) $25k
Net Intangibles Purchase And Sale — — — — — ($591k) ($22k) ($42k) $0
Net PPE Purchase And Sale — — — — — ($1.1m) ($5.4m) ($444k) ($89k)
Operating Gains Losses — — — — — ($54.0m) $5.3m $65.9m $8k
Other Non Cash Items — — — — $15.5m $13.6m — — —
Proceeds From Stock Option Exercised — — — — — $0 $0 $18k $1k
Provisionand Write Offof Assets — — — — — ($28.7m) $28.2m $32.5m $3.9m
Purchase Of Business — — — — — ($1.7m) $0 ($4.2m) $0
Purchase Of Intangibles — — — — — ($591k) ($22k) ($42k) $0
Purchase Of PPE — — — — — ($1.1m) ($5.4m) ($444k) ($149k)
Repurchase Of Capital Stock — — — — ($5.8m) $0 $0 — —
Sale Of Business — — — — — $0 $827k $5.5m $3.2m
Sale Of PPE — — — — — — $0 $0 $60k
Stock Based Compensation — — — — — $13.9m $4.7m ($178k) $13k
Unrealized Gain Loss On Investment Securities — — — — — ($618k) ($235k) ($58k) ($529k)
Net Cash Provided by (Used in) Operating Activities ($11.4m) ($45.6m) ($22.8m) ($2.6m) $195.0m ($5.0m) ($122.2m) ($33.0m) $19.0m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment ($392k) $16.4m $666k $335k $1.7m $1.1m $5.4m $444k $149k
Payments to Acquire Businesses, Net of Cash Acquired — — — $66k — — — — —
Purchase of short-term investments ($130.0m) ($544.6m) ($817.5m) ($614.0m) ($659.2m) ($457.5m) ($380.5m) ($245.8m) ($273.3m)
Net Investment Purchase And Sale — — — — — $38.5m ($44.1m) $15.7m $41.9m
Purchase Of Investment — — — — — ($496.5m) ($390.0m) ($249.8m) ($284.9m)
Proceeds from maturities of short-term investments $28.0m $505.0m $878.4m $552.4m $689.1m $535.0m $345.9m $265.5m $326.8m
Sale Of Investment — — — — — $535.0m $345.9m $265.5m $326.8m
Net Other Investing Changes — — — — — $8.2m $68.8m $16.0m $3.0m
Net Cash Provided by (Used in) Investing Activities — ($56.3m) $1.4m ($9.9m) ($158.0m) $43.3m $20.2m $32.5m $48.0m
Cash flows from financing activities:
Issuance Of Debt — — — — — $9.9m $14.9m $10.0m $29.9m
Net Issuance Payments Of Debt — — — — — $5.0m $0 $50k $9.9m
Net Short Term Debt Issuance — — — — — $5.0m $0 $50k $9.9m
Short Term Debt Issuance — — — — — $9.9m $14.9m $10.0m $29.9m
Repayment Of Debt — — — — — ($5.0m) ($14.9m) ($9.9m) ($20.0m)
Short Term Debt Payments — — — — — ($5.0m) ($14.9m) ($9.9m) ($20.0m)
Net Common Stock Issuance — — — — ($5.8m) $0 $0 — —
Common Stock Payments — — — — ($5.8m) $0 $0 — —
Proceeds from Noncontrolling Interests — — $990k $80k $750k $174k $255k — —
Dividends Payable — $0 $0 $0 $0 — — — —
Net Other Financing Charges — — — — — $174k $481k ($3.7m) ($202k)
Net Cash Provided by (Used in) Financing Activities $163.0m $104.7m $40.0m ($5.0m) ($23k) $5.1m $481k ($3.6m) $9.7m
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — $501k ($54k) ($426k) ($822k) $2.2m $362k $245k ($227k)
Effect of exchange rate changes on cash, cash equivalents and restricted cash held in foreign currencies — $501k ($376k) ($2.8m) ($822k) $2.2m $362k $245k ($227k)
Effect Of Exchange Rate Changes — — — — — $2.2m $362k $245k ($227k)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — $3.3m $18.5m ($17.9m) $36.1m $45.6m ($101.1m) ($3.9m) $76.6m
Net (decrease)/increase in cash, cash equivalents and restricted cash $45.6m $3.3m $128.9m ($117.0m) $36.1m $45.6m ($101.1m) ($3.9m) $76.6m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — $7.0m $25.6m $9.3m $97.0m $142.6m $41.5m $37.6m $114.1m
Cash, cash equivalents and restricted cash at beginning of the year $45.6m $49.0m $177.9m $60.8m $97.0m $142.6m $41.5m $37.6m $114.1m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — $45.6m ($101.1m) ($3.9m) $76.6m
Interest Paid, Excluding Capitalized Interest, Operating Activities ($6k) $92k $11k — $0 ($1.7m) — — ($202k)
Income Taxes Paid, Net ($313k) $11.9m $2.5m $2.1m $306k $171k $93k $206k $30k

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.