|
Net Income
|
|
$39.5m
|
$36.1m
|
$77.7m
|
$39.8m
|
—
|
|
Net Income From Continuing Operations
|
|
$39.8m
|
$36.4m
|
$78.2m
|
$40.1m
|
—
|
|
Depreciation Expense
|
|
$1.5m
|
$3.3m
|
$4.3m
|
$8.5m
|
$13.2m
|
|
Depreciation
|
|
$1.5m
|
$4.0m
|
$5.0m
|
$8.8m
|
—
|
|
Depreciation Amortization Depletion
|
|
$1.5m
|
$4.0m
|
$5.0m
|
$8.8m
|
—
|
|
Deferred tax assets, net
|
|
($702k)
|
($616k)
|
($7.9m)
|
($10.2m)
|
$2.5m
|
|
Income Tax Expense
|
|
—
|
$415k
|
$6k
|
$169k
|
$192k
|
|
Interest Expense
|
|
—
|
$30k
|
$919k
|
$1.8m
|
$2.7m
|
|
Profit or Loss
|
|
$39.8m
|
$36.4m
|
$78.2m
|
$40.1m
|
$9.9m
|
|
Provision for Doubtful Accounts (CF)
|
|
$5.3m
|
$91k
|
$11.7m
|
($3.6m)
|
$1.8m
|
|
Gain on disposal of subsidiaries
|
|
—
|
—
|
—
|
($971k)
|
—
|
|
Fair vale gains on short-term investments
|
|
($133k)
|
($500k)
|
—
|
($23k)
|
—
|
|
Accounts receivable
|
|
($22.9m)
|
($44.9m)
|
$63.7m
|
($28.6m)
|
$28.6m
|
|
Advance to suppliers
|
|
($59.6m)
|
$20.5m
|
($125.4m)
|
$809k
|
$7.4m
|
|
Prepaid expenses and other current assets
|
|
($42k)
|
($1.5m)
|
($13k)
|
($346k)
|
($1.1m)
|
|
Accounts payable
|
|
$60.1m
|
($16.1m)
|
($51.8m)
|
$12.1m
|
($11.3m)
|
|
Contract liabilities
|
|
$34.4m
|
($9.8m)
|
($11.2m)
|
$2.4m
|
($13.1m)
|
|
Income tax payables
|
|
$454k
|
($393k)
|
($6k)
|
—
|
($16k)
|
|
Amounts due to related parties
|
|
$1.6m
|
$191k
|
$940k
|
$603k
|
—
|
|
Accrued expenses and other current liabilities
|
|
$821k
|
($2.3m)
|
$1.0m
|
($597k)
|
($2.2m)
|
|
Purchases of software and equipment
|
|
($24.1m)
|
($13.7m)
|
($12.1m)
|
($44.7m)
|
($83.2m)
|
|
Purchases of development expenditures
|
|
—
|
—
|
—
|
($32.5m)
|
($2.3m)
|
|
Deposit for investment in joint venture
|
|
—
|
—
|
—
|
—
|
($19.7m)
|
|
Repayments of short-term borrowings
|
|
—
|
($3.2m)
|
($29.8m)
|
($62.2m)
|
($77.8m)
|
|
Payments of offering costs related to initial public offering ("IPO")
|
|
—
|
($2.5m)
|
($4.0m)
|
($2.7m)
|
($1.3m)
|
|
Payments of offering costs related to followed-on offering
|
|
—
|
—
|
—
|
($2.3m)
|
—
|
|
Payment for purchase of treasury stock
|
|
—
|
—
|
—
|
($856k)
|
—
|
|
Sale of public shares through public offering
|
|
—
|
—
|
—
|
$38.5m
|
$43.6m
|
|
Beginning Cash Position
|
|
$4.9m
|
$44.0m
|
$49.3m
|
$30.2m
|
—
|
|
Cash Flow From Continuing Financing Activities
|
|
$26.5m
|
$3.4m
|
$29.4m
|
$60.7m
|
—
|
|
Cash Flow From Continuing Investing Activities
|
|
($47.8m)
|
$16.8m
|
($12.1m)
|
($79.9m)
|
—
|
|
Change In Account Payable
|
|
$60.1m
|
($16.1m)
|
($51.8m)
|
$12.1m
|
—
|
|
Change In Accrued Expense
|
|
$821k
|
($2.3m)
|
$1.0m
|
($597k)
|
—
|
|
Change In Income Tax Payable
|
|
$454k
|
($393k)
|
($6k)
|
$0
|
—
|
|
Change In Other Current Liabilities
|
|
$0
|
($222k)
|
($742k)
|
($352k)
|
—
|
|
Change In Other Working Capital
|
|
$33.7m
|
($10.4m)
|
($19.0m)
|
($7.8m)
|
—
|
|
Change In Payable
|
|
$62.2m
|
($16.3m)
|
($50.8m)
|
$12.7m
|
—
|
|
Change In Payables And Accrued Expense
|
|
$63.0m
|
($18.6m)
|
($49.8m)
|
$12.1m
|
—
|
|
Change In Prepaid Assets
|
|
($59.7m)
|
$19.1m
|
($125.4m)
|
$463k
|
—
|
|
Change In Receivables
|
|
($22.9m)
|
($44.9m)
|
$63.7m
|
($28.6m)
|
—
|
|
Change In Tax Payable
|
|
$454k
|
($393k)
|
($6k)
|
$0
|
—
|
|
Change In Working Capital
|
|
$14.2m
|
($55.1m)
|
($131.3m)
|
($24.2m)
|
—
|
|
Changes In Account Receivables
|
|
($22.9m)
|
($44.9m)
|
$63.7m
|
($28.6m)
|
—
|
|
Changes In Cash
|
|
$39.3m
|
$5.1m
|
($19.1m)
|
$984k
|
—
|
|
End Cash Position
|
|
$44.0m
|
$49.3m
|
$30.2m
|
$31.7m
|
—
|
|
Financing Cash Flow
|
|
$26.5m
|
$3.4m
|
$29.4m
|
$60.7m
|
—
|
|
Free Cash Flow
|
|
$36.5m
|
($28.8m)
|
($48.5m)
|
($57.0m)
|
—
|
|
Gain Loss On Investment Securities
|
|
($133k)
|
($500k)
|
—
|
($23k)
|
—
|
|
Gain Loss On Sale Of Business
|
|
—
|
$0
|
$0
|
($971k)
|
—
|
|
Investing Cash Flow
|
|
($47.8m)
|
$16.8m
|
($12.1m)
|
($79.9m)
|
—
|
|
Issuance Of Capital Stock
|
|
$26.5m
|
$0
|
$0
|
$38.5m
|
—
|
|
Net Intangibles Purchase And Sale
|
|
—
|
$0
|
$0
|
($32.5m)
|
—
|
|
Net PPE Purchase And Sale
|
|
($24.1m)
|
($13.7m)
|
($12.1m)
|
($44.7m)
|
—
|
|
Net Preferred Stock Issuance
|
|
$26.5m
|
$0
|
$0
|
—
|
—
|
|
Operating Gains Losses
|
|
($133k)
|
($500k)
|
—
|
($994k)
|
—
|
|
Preferred Stock Issuance
|
|
$26.5m
|
$0
|
$0
|
—
|
—
|
|
Provisionand Write Offof Assets
|
|
$5.3m
|
$91k
|
$11.7m
|
($3.6m)
|
—
|
|
Purchase Of Intangibles
|
|
—
|
$0
|
$0
|
($32.5m)
|
—
|
|
Purchase Of PPE
|
|
($24.1m)
|
($13.7m)
|
($12.1m)
|
($44.7m)
|
$11.9m
|
|
Repurchase Of Capital Stock
|
|
—
|
$0
|
$0
|
($856k)
|
—
|
|
Net Cash from Operating Activities
|
|
$60.6m
|
$1.4m
|
($742k)
|
$907k
|
($438k)
|
|
Net cash provided by/ (used in) operating activities
|
|
$60.6m
|
($15.1m)
|
($36.4m)
|
$20.2m
|
$35.5m
|
|
Purchases of short-term investments
|
|
($50.6m)
|
($52.2m)
|
—
|
($2.8m)
|
($2.0m)
|
|
Net Investment Purchase And Sale
|
|
($23.7m)
|
$30.5m
|
$4k
|
($2.8m)
|
—
|
|
Purchase Of Investment
|
|
($50.6m)
|
($52.2m)
|
$0
|
($2.8m)
|
—
|
|
Proceeds from Maturities of Investments
|
|
$26.8m
|
$82.3m
|
$4k
|
—
|
—
|
|
Sale Of Investment
|
|
$26.9m
|
$82.8m
|
$4k
|
$0
|
—
|
|
Net cash (used in)/ provided by investing activities
|
|
($47.8m)
|
$16.8m
|
($12.1m)
|
($79.9m)
|
($107.3m)
|
|
Proceeds from Debt Issuance
|
|
—
|
$9.1m
|
$63.3m
|
$90.3m
|
$1.8m
|
|
Issuance Of Debt
|
|
$0
|
$9.1m
|
$63.3m
|
$90.3m
|
—
|
|
Net Issuance Payments Of Debt
|
|
$0
|
$5.9m
|
$33.5m
|
$28.1m
|
—
|
|
Net Short Term Debt Issuance
|
|
$0
|
$5.9m
|
$33.5m
|
$28.1m
|
—
|
|
Short Term Debt Issuance
|
|
$0
|
$9.1m
|
$63.3m
|
$90.3m
|
—
|
|
Repayment Of Debt
|
|
$0
|
($3.2m)
|
($29.8m)
|
($62.2m)
|
—
|
|
Short Term Debt Payments
|
|
$0
|
($3.2m)
|
($29.8m)
|
($62.2m)
|
—
|
|
Common Stock Issuance
|
|
—
|
$0
|
$0
|
$38.5m
|
—
|
|
Net Common Stock Issuance
|
|
—
|
$0
|
$0
|
$37.7m
|
—
|
|
Common Stock Payments
|
|
—
|
$0
|
$0
|
($856k)
|
—
|
|
Net Other Financing Charges
|
|
—
|
($2.5m)
|
($4.0m)
|
($5.0m)
|
—
|
|
Net cash provided by financing activities
|
|
$26.5m
|
$3.4m
|
$29.4m
|
$60.7m
|
$71.6m
|
|
Effect of Exchange Rate on Cash
|
|
($81k)
|
$148k
|
($8k)
|
$454k
|
($1.1m)
|
|
Effect Of Exchange Rate Changes
|
|
($81k)
|
$148k
|
($8k)
|
$454k
|
—
|
|
Net (decrease)/increase in cash, cash equivalents and restricted cash:
|
|
$39.2m
|
$5.3m
|
($19.1m)
|
$1.4m
|
($1.4m)
|
|
Cash, cash equivalents and restricted cash at the beginning of year
|
|
$44.0m
|
$49.3m
|
$30.2m
|
$31.7m
|
$30.3m
|
|
Change In Cash Supplemental As Reported
|
|
$39.2m
|
$5.3m
|
($19.1m)
|
$1.4m
|
—
|
|
Income Tax Paid Supplemental Data
|
|
$0
|
$415k
|
$6k
|
$169k
|
—
|
|
Interest Paid Supplemental Data
|
|
$0
|
$30k
|
$919k
|
$1.8m
|
—
|