← QUHUO Ltd
| Annual Trend | 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 | — | — | — | — | ($16.4m) | $6.0m | $1.6m | ($150.5m) | |
| Net Income (Loss) Attributable to Parent | ($44.3m) | ($11.8m) | $526k | ($24.8m) | ($1.9m) | $469k | $371k | ($21.4m) | |
| Net Income (Loss) Available to Common Stockholders, Basic | ($44.3m) | ($11.8m) | $364k | ($24.8m) | ($1.9m) | $469k | $371k | ($150.5m) | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | ($13.4m) | ($859k) | ($30.0m) | ($2.4m) | $846k | $221k | ($21.5m) | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | ($1.7m) | ($1.4m) | ($5.2m) | ($476k) | $377k | ($150k) | ($150k) | |
| Amortization | $9.0m | $10.6m | $2.1m | $4.0m | $3.1m | $2.9m | $2.4m | $2.0m | |
| Depreciation | $1.1m | $3.5m | $959k | $821k | $1.1m | $749k | $618k | $204k | |
| Amortization Cash Flow | — | — | — | — | $21.1m | $20.4m | $17.2m | $14.3m | |
| Amortization Of Intangibles | — | — | — | — | $21.1m | $20.4m | $17.2m | $14.3m | |
| Depreciation Amortization Depletion | — | — | — | — | $28.6m | $25.7m | $21.7m | $15.7m | |
| Deferred Income Tax Expense (Benefit) | — | ($9.3m) | ($113k) | ($682k) | ($755k) | ($858k) | ($1.9m) | ($3.4m) | |
| Deferred income taxes | ($2.4m) | ($9.3m) | ($740k) | ($4.3m) | ($5.2m) | ($6.1m) | ($13.7m) | ($23.6m) | |
| Deferred Income Tax | — | — | — | — | ($5.2m) | ($6.1m) | ($13.7m) | ($23.6m) | |
| Deferred Tax | — | — | — | — | ($5.2m) | ($6.1m) | ($13.7m) | ($23.6m) | |
| Share-based Payment Arrangement, Noncash Expense | — | $64.8m | $12.7m | $10.8m | $2.9m | ($70k) | — | $431k | |
| Share-based Payment Arrangement, Expense | — | $64.8m | $12.7m | $10.8m | $2.9m | — | — | — | |
| Goodwill and Intangible Asset Impairment | — | $923k | $186k | $8.6m | $708k | $0 | $0 | — | |
| Goodwill, Impairment Loss | — | $0 | $51k | $8.2m | $708k | $0 | $0 | — | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | $923k | $804k | $665k | $0 | $0 | $0 | — | |
| Operating Lease, Impairment Loss | — | — | $127k | — | — | — | — | — | |
| Share-based compensation | $89.6m | $64.8m | $82.7m | $68.9m | $19.8m | ($495k) | — | $3.0m | |
| Asset Impairment Charge | — | — | — | $52.0m | $4.9m | $0 | $0 | — | |
| Gain (Loss) on Disposition of Assets | — | — | — | ($402k) | $2.0m | $3.1m | $10.3m | $635k | |
| Gain (Loss) on Disposition of Intangible Assets | — | ($3.8m) | $497k | ($402k) | $2.0m | $3.1m | $10.3m | $635k | |
| Gain (Loss) on Disposition of Property Plant Equipment | $854k | — | ($50k) | — | — | $467k | $1.4m | $6.5m | |
| Income (Loss) from Equity Method Investments | — | $162k | $0 | — | — | — | — | — | |
| Income Tax Expense (Benefit) | — | $21.6m | $3.9m | $1.9m | $3.0m | ($131k) | ($2.5m) | ($4.5m) | |
| Interest Expense Nonoperating | — | — | — | — | — | — | $562k | $600k | |
| Operating Lease, Expense | — | — | $736k | $805k | — | — | $672k | $625k | |
| Other Nonoperating Income (Expense) | — | — | — | ($5.3m) | ($3.8m) | $2.4m | ($360k) | ($33k) | |
| Operating lease liabilities arising from obtaining right-of-use assets | — | $0 | $37.3m | $9.1m | $5.5m | $5.0m | $4.2m | $1.4m | |
| Changes in operating assets and liabilities: | |||||||||
| Additional Financial Items | |||||||||
| Increase (Decrease) in Accounts Receivable | — | $112.4m | $14.9m | $21.1m | ($1.9m) | ($2.8m) | ($24.6m) | ($4.2m) | |
| Increase (Decrease) in Accounts Payable | — | $78.8m | $4.9m | $10.2m | ($5.9m) | ($5.5m) | ($14.8m) | $2.3m | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | ($1.5m) | ($231k) | $149k | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), Unrealized | — | $10k | ($22k) | — | — | — | — | — | |
| Gain (Loss) on Investments | — | $1.0m | $0 | — | — | — | — | — | |
| General and Administrative Expense | — | $161.2m | $31.2m | $37.8m | $31.0m | $26.0m | $20.4m | $26.9m | |
| Goodwill | — | $26.2m | $18.2m | $10.5m | $9.5m | $9.2m | $9.0m | $9.4m | |
| Marketable Securities, Unrealized Gain (Loss) | — | — | $0 | — | — | — | — | — | |
| Operating Expenses | — | $174.7m | $32.7m | $49.5m | $31.5m | $24.6m | $11.5m | $27.2m | |
| Proceeds from Contributed Capital | — | — | $0 | — | — | — | — | — | |
| Provision for Loan, Lease, and Other Losses | — | — | — | — | — | — | $669k | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | $2.1b | $394.0m | — | — | — | — | — | |
| Unrealized Gain (Loss) on Investments | — | — | — | — | — | $776k | ($864k) | — | |
| (Recovery from)/provision for credit losses | — | — | — | — | $2.5m | ($648k) | $5.9m | $25.6m | |
| Gain on disposals of intangible assets | — | $3.8m | ($2.9m) | $2.6m | ($14.0m) | ($22.3m) | ($75.2m) | ($4.4m) | |
| Changes in fair value of short-term investments | — | — | — | $52.9m | $41.8m | ($5.5m) | $6.3m | — | |
| Others | — | $1.4m | $2.2m | $9.6m | $2.2m | $480k | $1.2m | $459k | |
| Amounts due from a related party | ($25.9m) | $11.4m | $18.4m | $0 | — | $3.6m | $253k | — | |
| Amounts due to related parties | — | — | — | — | ($245k) | — | $1.4m | $4.1m | |
| Accounts receivable | ($15.7m) | ($112.4m) | ($97.2m) | ($134.2m) | $13.1m | $19.7m | $179.9m | $29.4m | |
| Prepayments and other current assets | $23.7m | ($11.3m) | ($8.2m) | $5.3m | ($5.9m) | ($42.4m) | $4.0m | $10.0m | |
| Other non-current assets | ($28.2m) | ($51.8m) | ($6.6m) | ($22.6m) | $20.3m | $2.4m | ($16.7m) | $9.2m | |
| Accounts payable | $4.5m | $78.8m | $31.8m | $65.1m | ($40.8m) | ($39.2m) | ($108.3m) | $15.9m | |
| Accrued expenses and other current liabilities | ($649k) | $12.7m | ($1.6m) | $31.8m | $4.5m | ($24.6m) | ($36.0m) | $30.6m | |
| Right-of-use assets | — | — | — | — | $2.4m | ($655k) | $1.6m | $3.1m | |
| Lease liabilities | — | $0 | ($5.4m) | ($193k) | $39k | $306k | ($887k) | ($2.9m) | |
| Income taxes payable | $29k | $15.1m | ($2.9m) | ($4.7m) | $5.8m | ($2.3m) | $4.1m | $5.3m | |
| Other non-current liabilities | $6.6m | $13.7m | $17.6m | $7.7m | $16.2m | ($12.7m) | $8.2m | ($8.8m) | |
| Proceeds from disposal of short-term investments | — | — | — | — | $5.6m | $1.4m | $863k | — | |
| Acquisitions of intangible assets | ($32.5m) | ($21.9m) | ($59.0m) | ($71.4m) | ($8.1m) | ($32.7m) | ($6.2m) | ($7.3m) | |
| Proceeds from disposals of intangible assets | $4.4m | $21.2m | $14.8m | $18.9m | $20.8m | $46.8m | $5.8m | $11.8m | |
| Proceeds from issuance ordinary shares | — | — | — | — | — | — | $14.2m | $37.1m | |
| Beginning Cash Position | — | — | — | — | $30.9m | $101.0m | $46.5m | $65.1m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | ($82.1m) | $24.2m | $32.4m | $33.0m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | $77.2m | $18.4m | $934k | ($19.7m) | |
| Change In Account Payable | — | — | — | — | ($40.8m) | ($39.2m) | ($108.3m) | $15.9m | |
| Change In Accrued Expense | — | — | — | — | $4.5m | ($24.6m) | ($36.0m) | $30.6m | |
| Change In Income Tax Payable | — | — | — | — | $5.8m | ($2.3m) | $4.1m | $5.3m | |
| Change In Other Current Assets | — | — | — | — | $22.7m | $1.8m | ($15.1m) | $12.3m | |
| Change In Other Current Liabilities | — | — | — | — | $13.8m | ($11.7m) | $7.3m | ($11.7m) | |
| Change In Payable | — | — | — | — | ($35.2m) | ($41.5m) | ($102.9m) | $25.3m | |
| Change In Payables And Accrued Expense | — | — | — | — | ($30.7m) | ($66.1m) | ($138.9m) | $56.0m | |
| Change In Prepaid Assets | — | — | — | — | ($5.9m) | ($42.4m) | $4.0m | $10.0m | |
| Change In Receivables | — | — | — | — | $13.1m | $23.3m | $180.2m | $29.4m | |
| Change In Tax Payable | — | — | — | — | $5.8m | ($2.3m) | $4.1m | $5.3m | |
| Change In Working Capital | — | — | — | — | $13.0m | ($95.1m) | $37.4m | $95.9m | |
| Changes In Account Receivables | — | — | — | — | $13.1m | $19.7m | $179.9m | $29.4m | |
| Changes In Cash | — | — | — | — | $69.8m | ($54.7m) | $18.6m | ($24.7m) | |
| End Cash Position | — | — | — | — | $101.0m | $46.5m | $65.1m | $40.0m | |
| Financing Cash Flow | — | — | — | — | ($82.1m) | $24.2m | $32.4m | $33.0m | |
| Free Cash Flow | — | — | — | — | $62.0m | ($130.1m) | ($21.8m) | ($46.7m) | |
| Gain Loss On Sale Of PPE | — | — | — | — | ($14.0m) | ($22.3m) | ($75.2m) | ($4.4m) | |
| Investing Cash Flow | — | — | — | — | $77.2m | $18.4m | $934k | ($19.7m) | |
| Issuance Of Capital Stock | — | — | — | — | $0 | $0 | $14.2m | $37.1m | |
| Net Business Purchase And Sale | — | — | — | — | ($5.0m) | $0 | $0 | ($29.3m) | |
| Net Intangibles Purchase And Sale | — | — | — | — | $12.7m | $14.1m | ($399k) | $4.6m | |
| Net PPE Purchase And Sale | — | — | — | — | ($4.7m) | ($142k) | ($924k) | ($1.5m) | |
| Operating Gains Losses | — | — | — | — | ($14.0m) | ($22.3m) | ($75.2m) | ($4.4m) | |
| Other Non Cash Items | — | — | — | — | ($318k) | $1.1m | $1.2m | $459k | |
| Provisionand Write Offof Assets | — | — | — | — | $2.5m | ($648k) | $5.9m | $25.6m | |
| Purchase Of Business | — | — | — | — | ($5.0m) | $0 | $0 | ($29.3m) | |
| Purchase Of Intangibles | — | — | — | — | ($8.1m) | ($32.7m) | ($6.2m) | ($7.3m) | |
| Purchase Of PPE | — | — | — | — | ($4.7m) | ($142k) | ($924k) | ($1.5m) | |
| Sale Of Intangibles | — | — | — | — | $20.8m | $46.8m | $5.8m | $11.8m | |
| Stock Based Compensation | — | — | — | — | $19.8m | ($495k) | $0 | $3.0m | |
| Unrealized Gain Loss On Investment Securities | — | — | — | — | $41.8m | ($5.5m) | $6.3m | $0 | |
| Net Cash Provided by (Used in) Operating Activities | $19.8m | $17.6m | $1.7m | ($4.8m) | $10.8m | ($13.7m) | ($2.0m) | ($5.4m) | |
| Cash flows from investing activities: | |||||||||
| Payments to Acquire Property, Plant, and Equipment | $8.5m | $17.8m | $523k | $1.5m | $675k | $20k | $127k | $208k | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | $2.5m | $4.2m | $527k | $726k | — | — | — | |
| Payments to Acquire Investments | — | — | — | — | — | — | — | $4.2m | |
| Purchase of short-term investments | ($2.6b) | ($2.7b) | ($522.5m) | ($3.1b) | ($1.5b) | ($70.0m) | ($530k) | — | |
| Net Investment Purchase And Sale | — | — | — | — | $72.6m | $3.9m | $863k | $0 | |
| Purchase Of Investment | — | — | — | — | ($1.5b) | ($70.0m) | ($530k) | $0 | |
| Proceeds from sales of short-term investments | $2.6b | $2.7b | $3.3b | $3.0b | $1.6b | $72.5m | $530k | — | |
| Sale Of Investment | — | — | — | — | $1.6b | $73.9m | $1.4m | $0 | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | $1.9m | ($221k) | ($66k) | ($191k) | — | |
| Net Other Investing Changes | — | — | — | — | $1.5m | $467k | $1.4m | $6.5m | |
| Net Cash Provided by (Used in) Investing Activities | — | $12.5m | ($28.7m) | ($17.3m) | $11.2m | $2.6m | $127k | ($2.8m) | |
| Cash flows from financing activities: | |||||||||
| Proceeds from Issuance of Long-term Debt | — | $15.2m | $14k | $0 | — | — | — | — | |
| Proceeds from short-term debt | $85.8m | $116.0m | $151.0m | $213.5m | $473.5m | $271.5m | $593.3m | $775.7m | |
| Issuance Of Debt | — | — | — | — | $473.5m | $271.5m | $593.3m | $775.7m | |
| Long Term Debt Issuance | — | — | — | $0 | $0 | $0 | — | — | |
| Net Issuance Payments Of Debt | — | — | — | — | ($82.1m) | $24.2m | $18.2m | ($4.1m) | |
| Net Long Term Debt Issuance | — | — | — | — | ($3.1m) | ($698k) | ($1.9m) | ($4.7m) | |
| Net Short Term Debt Issuance | — | — | — | — | ($79.0m) | $24.9m | $20.1m | $599k | |
| Short Term Debt Issuance | — | — | — | — | $473.5m | $271.5m | $593.3m | $775.7m | |
| Repayments of Long-term Debt | — | $3.8m | $1.3m | $1.4m | $452k | $98k | $263k | $673k | |
| Repayments of short-term debt | ($36.9m) | ($45.8m) | ($222.6m) | ($136.0m) | ($552.5m) | ($246.5m) | ($573.2m) | ($775.1m) | |
| Long Term Debt Payments | — | — | — | — | ($3.1m) | ($698k) | ($1.9m) | ($4.7m) | |
| Repayment Of Debt | — | — | — | — | ($555.6m) | ($247.2m) | ($575.2m) | ($779.8m) | |
| Short Term Debt Payments | — | — | — | — | ($552.5m) | ($246.5m) | ($573.2m) | ($775.1m) | |
| Proceeds from Issuance of Common Stock | — | — | — | — | — | — | $2.0m | $5.3m | |
| Common Stock Issuance | — | — | — | — | $0 | $0 | $14.2m | $37.1m | |
| Net Common Stock Issuance | — | — | — | — | $0 | $0 | $14.2m | $37.1m | |
| Proceeds from Noncontrolling Interests | — | — | $0 | — | — | — | — | — | |
| Net Cash Provided by (Used in) Financing Activities | $82.5m | $80.5m | $23.5m | $10.8m | ($11.9m) | $3.4m | $4.4m | $4.7m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | ($1.2m) | ($20k) | ($35k) | — | — | — | — | |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | — | — | ($144k) | ($214k) | $321k | $110k | $48k | ($458k) | |
| Effect Of Exchange Rate Changes | — | — | — | — | $321k | $110k | $48k | ($458k) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $109.4m | ($3.5m) | ($11.4m) | $10.2m | ($7.7m) | $2.6m | ($3.6m) | |
| Net (decrease)/increase in cash, cash equivalents and restricted cash | $8.2m | $109.4m | ($23.0m) | ($72.8m) | $70.1m | ($54.6m) | $18.7m | ($25.1m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $19.4m | $15.9m | $4.8m | $14.6m | $6.5m | $8.9m | $5.7m | |
| Cash, cash equivalents and restricted cash, at the beginning of year | $17.3m | $126.8m | $103.8m | $30.9m | $101.0m | $46.5m | $65.1m | $40.0m | |
| Supplemental disclosure of cash flow information: | |||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | $70.1m | ($54.6m) | $18.7m | ($25.1m) | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $3.8m | $5.9m | $8.1m | $6.2m | $830k | $446k | $382k | $343k | |
| Income Taxes Paid, Net | $77k | $835k | $11.9m | $10.6m | $607k | $395k | $59k | $46k |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.