← The9 LTD

Annual Trend FY 2016 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 — — — — — — ($979.5m) $12.6m ($73.6m) ($408.9m)
Net Income (Loss) Attributable to Parent ($97.5m) ($26.9m) ($31.6m) ($25.5m) $61.0m ($64.5m) ($141.3m) $2.8m ($10.1m) ($408.9m)
Net Income (Loss) Available to Common Stockholders, Basic ($667.1m) ($112.1m) ($37.5m) ($27.4m) $60.8m ($64.5m) ($141.3m) $2.8m ($10.1m) ($57.5m)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest ($96.1m) ($17.2m) ($34.8m) ($28.2m) $60.3m ($65.4m) ($142.0m) $1.8m ($10.1m) ($58.5m)
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — — — — — ($20.3m) ($10.1m) ($58.5m)
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — — — — — $22.1m — —
Net Income (Loss) Attributable to Noncontrolling Interest ($8.4m) $608k ($2.4m) — — — — ($1.0m) ($30k) ($925k)
Depreciation and amortization $1.1m $814k $531k — — — $91.4m $12.2m $61.5m $15.1m
Amortization of Debt Issuance Costs — — — — — — — — — $373k
Amortization of Intangible Assets $1.5m $0 $0 — — — — — — $220k
Amortization Cash Flow — — — — — $0 — $0 $0 $1.5m
Amortization Of Intangibles — — — — — $0 — $0 $0 $1.5m
Amortization Of Securities — — — — — — — $0 $0 $2.6m
Depreciation Amortization Depletion — — — — — — $91.4m $86.9m $61.5m $15.1m
Share-based Payment Arrangement, Noncash Expense $4.0m $5.8m $567k $3.1m $8.4m $23.6m $29.3m $10.0m $6.1m $16.6m
Equity Method Investment, Other than Temporary Impairment $404k $1.4m $202k $670k $180k $1.2m $2.5m $0 $0 $6.0m
Goodwill, Impairment Loss $1.5m — $0 — — — — — — —
Impairment of Intangible Assets (Excluding Goodwill) $9.8m $0 $0 $0 $6.5m $11.6m — — $6.5m $0
Asset Impairment Charge — — — — — — $441.9m $161.9m $14.5m $114.7m
Equity Method Investment, Realized Gain (Loss) on Disposal — ($115k) $0 $100k $27k — $103k $235k ($1k) —
Gain (Loss) on Disposition of Property Plant Equipment $1.8m $18k ($184k) $300k $10k $600k $1.3m $7.0m $7.3m $200k
Gain (Loss) on Extinguishment of Debt — — — — $8.7m — — — — $172k
Income (Loss) from Equity Method Investments ($15.9m) ($451k) ($624k) ($409k) ($332k) ($271k) $0 $0 ($154k) ($82k)
Income Tax Expense (Benefit) ($876k) — $0 $0 $1.1m $0 — $0 $0 $16k
Interest Expense Nonoperating — — — — — — — — $4.7m $3.3m
Operating Lease, Expense — — — $59k $107k $611k $741k $701k $601k $644k
Other Nonoperating Income (Expense) ($1.4m) $718k $233k $1.3m $307k ($7.0m) $1.5m $1.2m ($696k) $316k
Earnings (Loss)es From Equity Investments — — — — — — $0 $0 $1.1m $571k
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $209k ($883k) ($277k) ($45k) ($606) $2.1m ($512k) ($13k) $7k $1.6m
Increase (Decrease) in Accounts Payable ($605k) $319k $132k — — — — — — —
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal $1.8m $18k ($184k) ($2.2m) ($30k) $12.3m ($8.8m) ($50k) $7.3m ($1.1m)
Foreign Currency Transaction Gain (Loss), before Tax $13.1m $3.0m ($3.0m) ($786k) ($1.3m) ($1.0m) ($914k) ($960k) ($98k) $427k
Foreign Currency Transaction Gain (Loss), Unrealized ($1.9m) $3.0m ($3.0m) ($786k) ($1.3m) ($1.0m) ($914k) ($960k) ($98k) $427k
Gain (Loss) on Investments ($175k) $18k $0 $100k $27k — $103k $235k ($1k) $0
General and Administrative Expense $18.6m $16.7m $13.0m $16.4m $16.7m $46.0m $54.6m $28.6m $21.6m $29.4m
Goodwill — $0 $0 — — — — — — —
Investment Income, Interest $23k $5k $28k $3k $66k — — — — $64k
Operating Expenses $44.2m $25.1m $15.4m $23.4m ($51.6m) $57.2m $129.9m $40.1m $7.8m $40.5m
Proceeds from Contributed Capital $8.3m — $0 — — — — — $151k —
Proceeds from Contributions from Affiliates — $3.1m $0 — — — — — — —
Proceeds from Stock Options Exercised $309k — $0 — — — — — — —
Revenue from Contract with Customer, Including Assessed Tax — — — $49k $96k $21.3m $17.2m $25.2m $15.3m $15.4m
Beginning Cash Position — — — — — — $428.4m $58.1m $45.2m $10.9m
Cash Flow From Continuing Financing Activities — — — — — — $33.1m $32.5m $69.8m $78.5m
Cash Flow From Continuing Investing Activities — — — — — — ($249.6m) $4.5m ($57.0m) $1.1m
Change In Account Payable — — — — — — $121.8m $2.4m ($1.3m) $7.0m
Change In Accrued Expense — — — — — — ($70.5m) ($23.6m) $2.9m $8.4m
Change In Income Tax Payable — — — — — — $143k ($149k) ($36k) $139k
Change In Interest Payable — — — — — — $1.2m ($2.4m) $1.2m $0
Change In Other Current Assets — — — — — — $0 $0 ($3.6m) ($151k)
Change In Other Current Liabilities — — — — — — ($4.5m) ($5.8m) ($918k) ($4.6m)
Change In Other Working Capital — — — — — ($111.7m) ($42.8m) — — —
Change In Payable — — — — — — $121.9m $2.2m ($1.3m) $7.5m
Change In Payables And Accrued Expense — — — — — — $51.4m ($21.4m) $1.6m $15.9m
Change In Prepaid Assets — — — — — — $72.8m $970k ($2.8m) ($3.6m)
Change In Receivables — — — — — — $3.5m $95k ($54k) ($11.0m)
Change In Tax Payable — — — — — — $143k ($149k) ($36k) $139k
Change In Working Capital — — — — — — $123.2m ($26.2m) ($5.7m) ($3.4m)
Changes In Account Receivables — — — — — — $3.5m $95k ($54k) ($11.0m)
Changes In Cash — — — — — — ($370.6m) ($9.4m) ($31.4m) $47.8m
End Cash Position — — — — — — $58.1m $45.2m $10.9m $58.5m
Financing Cash Flow — — — — — — $33.1m $32.5m $69.8m $78.5m
Free Cash Flow — — — — — — ($402.9m) ($48.4m) ($62.2m) ($43.7m)
Gain Loss On Investment Securities — — — — — — ($37.2m) ($23.2m) ($45.0m) $2.3m
Gain Loss On Sale Of Business — — — — — — $3.0m ($160.2m) $11.6m $1.5m
Gain Loss On Sale Of PPE — — — — — — ($8.8m) ($50k) $7.3m ($1.1m)
Investing Cash Flow — — — — — — ($249.6m) $4.5m ($57.0m) $1.1m
Issuance Of Capital Stock — — — — — — $40k $262k $18.9m $31.5m
Net Business Purchase And Sale — — — — — — $0 ($85k) ($10.7m) ($426k)
Net Foreign Currency Exchange Gain Loss — — — — — — ($7.6m) ($36.7m) ($125.8m) ($30.5m)
Net Intangibles Purchase And Sale — — — — — — $0 $0 ($18.0m) $7.5m
Net PPE Purchase And Sale — — — — — — ($248.4m) ($2.1m) $145k ($1.4m)
Operating Gains Losses — — — — — — ($50.7m) ($220.1m) ($150.7m) ($28.4m)
Other Non Cash Items — — — — — — ($3.6m) ($132.1m) $65.3m $160.5m
Proceeds From Stock Option Exercised — — — — — $64.5m $0 $0 — —
Provisionand Write Offof Assets — — — — — $619k $20.8m $0 $0 —
Purchase Of Business — — — — — — $0 ($85k) ($10.7m) ($426k)
Purchase Of Intangibles — — — — — — $0 $0 ($18.0m) ($10.5m)
Purchase Of PPE — — — — — — ($248.8m) ($2.1m) $0 ($1.4m)
Sale Of Business — — — — — $0 $0 — — —
Sale Of PPE — — — — — — $407k $4k $145k $89k
Stock Based Compensation — — — — — — $202.3m $70.8m $44.7m $116.1m
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax $1.8m $18k ($184k) ($2.2m) ($30k) ($3.9m) ($8.8m) $22.4m $7.3m ($1.1m)
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax — — — — — — — ($276k) — —
Other Operating Income (Expense), Net $519k $54k $33k $4k $4k — — — — —
Net Cash Provided by (Used in) Operating Activities ($181.0m) ($86.7m) ($14.7m) ($7.8m) ($16.3m) ($107.9m) ($22.4m) ($6.5m) ($6.1m) ($4.5m)
Cash flows from investing activities:
Capital Expenditure — — — — — — ($248.8m) ($2.1m) ($18.0m) ($12.0m)
Net Investment Purchase And Sale — — — — — — ($5.7m) $5.2m ($28.4m) $2.5m
Purchase Of Investment — — — — — — ($23.2m) $0 ($28.4m) ($3.4m)
Gain (Loss) on Sale of Investments — — — — — $2.2m — — — —
Sale Of Investment — — — — — — $17.4m $5.2m $5k $5.9m
Net Other Investing Changes — — — — — — $4.5m $1.5m — ($7.1m)
Net Cash Provided by (Used in) Investing Activities ($10.4m) $161.9m ($2.5m) $8.7m $67.2m ($22.1m) ($36.1m) $666k ($7.8m) $159k
Cash flows from financing activities:
Issuance Of Debt — — — — — — $36.2m $86.8m $88.1m $78.4m
Long Term Debt Issuance — — — — — — $36.2m $86.8m $814k $78.4m
Net Issuance Payments Of Debt — — — — — — $33.0m $32.2m $50.9m $46.3m
Net Long Term Debt Issuance — — — — — — $33.0m $32.2m ($36.4m) $46.3m
Net Short Term Debt Issuance — — — — — — $0 $0 $87.3m $0
Short Term Debt Issuance — — — — — — $0 $0 $87.3m $0
Long Term Debt Payments — — — — — — ($3.1m) ($54.6m) ($37.2m) ($32.0m)
Repayment Of Debt — — — — — — ($3.1m) ($54.6m) ($37.2m) ($32.0m)
Short Term Debt Payments — — — — — $0 $0 ($42.9m) — —
Proceeds from Issuance of Common Stock — — — — — — — — — $4.5m
Common Stock Issuance — — — — — — $40k $262k $18.9m $31.5m
Net Common Stock Issuance — — — — — — $40k $262k $18.9m $31.5m
Proceeds from Noncontrolling Interests — — — — — — — — — $164k
Net Other Financing Charges — — — — — ($3.7m) — — — $654k
Net Cash Provided by (Used in) Financing Activities $190.1m $44.1m ($2.7m) $5.9m ($47.6m) $192.5m $4.8m $4.5m $9.6m $11.2m
Effect Of Exchange Rate Changes — — — — — — $251k ($3.5m) ($2.9m) ($249k)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($8.8m) $696k ($1.5m) $841k $3.3m $62.3m ($53.7m) ($1.8m) ($4.7m) $6.8m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — — $67.2m $8.4m $6.4m $1.5m $8.4m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — ($370.4m) ($12.8m) ($34.3m) $47.6m
Interest Paid, Excluding Capitalized Interest, Operating Activities $1.1m $137k $38k $0 $7.3m $0 $0 $779k $214k $205k
Income Taxes Paid, Net $0 $0 $0 $0 $1.1m — $0 $0 $0 $19k

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