← Sound Group 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 — — — — — $86.5m ($134.5m) ($81.0m) $220.6m
Net Income (Loss) Attributable to Parent — ($9.3m) ($19.1m) ($12.6m) ($20.0m) $86.5m ($134.5m) ($81.0m) $226.5m
Net Income (Loss) Available to Common Stockholders, Basic — ($225.5m) ($154.1m) ($36.2m) ($20.0m) $12.5m ($17.8m) ($9.5m) $32.4m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — ($9.3m) ($19.1m) ($12.6m) ($20.0m) $12.5m ($18.9m) ($11.1m) $31.6m
Net Income (Loss) Attributable to Noncontrolling Interest — — — — — — ($1.1m) ($1.6m) ($834k)
Amortization of Intangible Assets — $3.9m $253k $244k $265k $174k $138k $91k $109k
Depreciation — $5.8m $1.5m $2.7m $3.0m $2.6m $1.9m $1.5m $986k
Depreciation Expense $2.5m $5.8m $10.8m $17.7m $19.2m $18.1m $13.2m $10.7m $6.9m
Amortization of Intangibles $3.4m $3.9m $1.8m $1.6m $1.7m $1.2m $983k $661k $759k
Amortization of right-of-use assets — — — $8.6m $10.3m $14.6m $16.9m $17.5m $15.3m
Amortization Cash Flow — — — — — $1.2m $983k $661k $759k
Depreciation Amortization Depletion — — — — — $33.8m $31.1m $28.8m $22.9m
Share-based Payment Arrangement, Noncash Expense — — — $7.8m $5.9m $4.2m $3.8m $1.9m $646k
Share-based Payment Arrangement, Expense — $0 $0 $7.8m $5.9m $4.2m $3.8m $1.9m $646k
Impairment of Intangible Assets, Finite-lived — — — — — — $0 $0 $0
Operating Lease, Impairment Loss — — — — — — — — $159k
Share-based Payment Arrangement, Expensed and Capitalized, Amount — — — $0 — — — — —
Share-based compensation — — — $50.7m $37.4m $29.2m $26.8m $14.2m $4.5m
Asset Impairment Charge — — — — — — $0 $0 $1.1m
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property — — — $4k — ($15k) $62k ($12k) $381k
Gain (Loss) on Disposition of Property Plant Equipment — — — ($28k) — $105k ($438k) $90k ($54k)
Income (Loss) from Equity Method Investments — ($458k) — $190k $73k $319k — — —
Income Tax Expense (Benefit) — — — $153k $59k $30k $61k $447k $398k
Interest Expense Nonoperating — — — — — — — $57k —
Other Nonoperating Income (Expense) — ($675k) ($294k) ($609k) ($75k) $282k ($504k) $606k ($298k)
Changes in operating assets and liabilities:
Noncash investing and financing activities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable — ($6.2m) ($504k) $825k ($299k) ($468k) ($231k) ($65k) ($6k)
Increase (Decrease) in Accounts Payable — $24.3m ($634k) $915k $396k ($3.9m) ($1.5m) ($521k) $2.8m
Accounts Receivable, Credit Loss Expense (Reversal) — — — — — — $12.8m — —
Purchases of property and equipment, accrued but unpaid — $14.2m $4.0m $3.3m $3.1m $1.7m $840k $1.5m $493k
Foreign Currency Transaction Gain (Loss), before Tax — ($58k) $169k ($128k) ($116k) ($153k) ($210k) ($577k) ($146k)
Gain (Loss) Related to Litigation Settlement — — — — — — — $8.4m $8.4m
General and Administrative Expense — $26.7m $6.6m $13.6m $16.4m $15.5m $27.3m $14.6m $14.3m
Operating Costs and Expenses — $244.9m $59.2m $70.0m $118.6m $94.2m $103.2m $88.6m —
Operating Expenses — — — — — — — — $98.4m
Provision for Loan, Lease, and Other Losses — — — — — — $39k — ($69k)
Financing Receivable, Credit Loss, Expense (Reversal) — — — — — — — — $10k
Net (loss)/income — — — ($82.2m) ($127.2m) $86.5m ($134.5m) ($81.0m) $220.6m
Foreign exchange losses $3.6m $58k ($1.2m) $836k $738k $1.1m $1.5m $4.2m $1.0m
Investment income — — — ($1.2m) — ($331k) ($188k) ($919k) $996k
Accounts receivable ($3.6m) $6.2m $3.5m ($5.4m) $1.9m $3.2m $1.6m $475k $41k
Prepayments and other current assets ($8.6m) $6.0m ($12.8m) ($5.0m) ($15.9m) $4.0m ($94.6m) ($432k) ($16.2m)
Accounts payable $41.0m $24.3m ($4.4m) $6.0m $2.5m ($27.0m) ($10.6m) ($3.8m) $19.4m
Deferred revenue $4.8m $4.8m $3.9m $2.5m $3.7m $15.0m ($6.4m) $1.7m $7.3m
Salary and welfare payable $12.4m $15.2m $29.4m $26.4m $30.0m $11.5m $499k ($5.1m) $44.3m
Taxes payable ($384k) $3.7m ($2.3m) $6.0m $1.7m $537k ($549k) $3.5m $2.2m
Lease liabilities — — — ($8.6m) ($8.3m) ($15.2m) ($18.1m) ($17.8m) ($15.3m)
Accrued expenses and other current liabilities $66.2m ($47.0m) $8.6m $14.3m $2.9m ($6.0m) $31k $29.7m ($13.3m)
Purchase of intangible assets ($4.8m) ($3.3m) ($1.5m) ($1.8m) ($855k) ($149k) ($1.3m) ($1.1m) ($670k)
Proceeds from Sale of PP&E — $42k $0 $246k $9k $79k $1.9m $197k $317k
Proceeds from exercise of vested share options — — — $2k $3k $5k $5k $7k $26k
Repayments of short-term loans — — — ($30.9m) ($19.8m) ($67.2m) ($114.9m) ($11.2m) ($7.2m)
Cash paid for repurchase of common shares — — — — — — — ($10.2m) ($28.8m)
Right-of-use assets obtained in exchange for lease liabilities — — — — — — $6.1m $16.3m $27.3m
Beginning Cash Position — — — — — $537.4m $578.5m $497.6m $453.2m
Cash Flow From Continuing Financing Activities — — — — — $4.8m ($71.7m) ($3.0m) ($66.2m)
Cash Flow From Continuing Investing Activities — — — — — ($122.8m) $105.7m ($12.0m) ($3.8m)
Change In Account Payable — — — — — ($27.0m) ($10.6m) ($3.8m) $19.4m
Change In Accrued Expense — — — — — ($6.0m) $31k $29.7m ($13.3m)
Change In Income Tax Payable — — — — — $537k ($549k) $3.5m $2.2m
Change In Other Current Liabilities — — — — — ($15.7m) ($22.0m) ($17.8m) ($15.3m)
Change In Other Working Capital — — — — — $15.0m ($6.4m) $1.7m $7.3m
Change In Payable — — — — — ($14.9m) ($10.7m) ($5.5m) $65.9m
Change In Payables And Accrued Expense — — — — — ($20.9m) ($10.7m) $24.2m $52.6m
Change In Prepaid Assets — — — — — $4.0m ($94.6m) ($432k) ($16.2m)
Change In Receivables — — — — — $3.2m $1.6m $475k $41k
Change In Tax Payable — — — — — $537k ($549k) $3.5m $2.2m
Change In Working Capital — — — — — ($14.3m) ($132.0m) $8.1m $28.4m
Changes In Account Receivables — — — — — $3.2m $1.6m $475k $41k
Changes In Cash — — — — — $18.3m ($83.1m) ($41.4m) $210.0m
End Cash Position — — — — — $578.5m $497.6m $453.2m $659.9m
Financing Cash Flow — — — — — $4.8m ($71.7m) ($3.0m) ($66.2m)
Free Cash Flow — — — — — $124.4m ($124.3m) ($38.6m) $275.9m
Gain Loss On Investment Securities — — — — — ($331k) ($188k) ($919k) $996k
Gain Loss On Sale Of PPE — — — — — $105k ($438k) $90k $381k
Investing Cash Flow — — — — — ($122.8m) $105.7m ($12.0m) ($3.8m)
Issuance Of Capital Stock — — — — $183.2m $0 $0 $0 —
Net Foreign Currency Exchange Gain Loss — — — — — $1.1m $1.5m $4.2m $1.0m
Net Intangibles Purchase And Sale — — — — — ($149k) ($1.3m) ($1.1m) ($670k)
Net PPE Purchase And Sale — — — — — ($11.6m) ($4.1m) ($10.9m) ($3.1m)
Operating Gains Losses — — — — — $826k $862k $3.4m $2.4m
Proceeds From Stock Option Exercised — — — — — $5k $5k $7k $26k
Provisionand Write Offof Assets — — — — — $0 $90.8m $0 $69k
Purchase Of Intangibles — — — — — ($149k) ($1.3m) ($1.1m) ($670k)
Purchase Of PPE — — — — — ($11.7m) ($6.0m) ($11.1m) ($3.4m)
Repurchase Of Capital Stock — — — — — $0 $0 ($10.2m) ($28.8m)
Sale Of PPE — — — — — $79k $1.9m $197k $317k
Stock Based Compensation — — — — — $29.2m $26.8m $14.2m $4.5m
Net Cash Provided by (Used in) Operating Activities ($31.3m) $14.0m ($13.8m) $6.1m ($6.3m) $19.8m ($16.5m) ($3.6m) $40.0m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment ($7.9m) $14.2m $4.0m $3.3m $3.1m $1.7m $840k $1.5m $493k
Purchase of short-term investments — — — ($86.3m) — ($191.0m) — ($125.0m) ($247.0m)
Net Investment Purchase And Sale — — — — — ($111.0m) $111.0m $0 $0
Purchase Of Investment — — — — — ($191.0m) $0 ($125.0m) ($247.0m)
Proceeds from Maturities of Investments — — — $14.5m $73.0m $80.0m $111.0m $125.0m $247.0m
Sale Of Investment — — — — — $80.0m $111.0m $125.0m $247.0m
Net cash generated from/(used in) investing activities ($13.2m) ($17.4m) ($29.4m) ($94.6m) $52.1m ($122.8m) $105.7m ($12.0m) ($3.8m)
Net Cash Provided by (Used in) Investing Activities — ($17.4m) ($4.2m) ($14.5m) $8.2m ($17.8m) $14.9m ($1.6m) ($544k)
Cash flows from financing activities:
Proceeds from Debt Issuance — — — $69.9m $49.2m $72.0m $40.9m $18.4m —
Issuance Of Debt — — — — — $72.0m $40.9m $18.4m $0
Net Issuance Payments Of Debt — — — — — $4.8m ($74.0m) $7.2m ($7.2m)
Net Short Term Debt Issuance — — — — — $4.8m ($74.0m) $7.2m ($7.2m)
Short Term Debt Issuance — — — — — $72.0m $40.9m $18.4m $0
Repayment Of Debt — — — — — ($67.2m) ($114.9m) ($11.2m) ($7.2m)
Short Term Debt Payments — — — — — ($67.2m) ($114.9m) ($11.2m) ($7.2m)
Proceeds from Issuance of Common Stock — — — $39.7m $28.7m — — — —
Common Stock Issuance — — — — $183.2m $0 $0 $0 —
Net Common Stock Issuance — — — — — $0 $0 ($10.2m) ($28.8m)
Payments for Repurchase of Common Stock — — — — — — $130k $10.2m $28.8m
Common Stock Payments — — — — — $0 $0 ($10.2m) ($28.8m)
Proceeds from Noncontrolling Interests — — — — — — $324k — —
Dividends Payable — — — — — — — — $0
Cash Dividends Paid — — — — — — $0 $0 ($30.3m)
Net Cash Provided by (Used in) Financing Activities — — — $45.7m $33.4m $692k ($10.1m) ($410k) ($9.5m)
Effect of Exchange Rate on Cash — $2.5m $2.2m ($7.0m) ($6.1m) $22.8m $2.2m ($3.0m) ($3.3m)
Effect Of Exchange Rate Changes — — — — — $22.8m $2.2m ($3.0m) ($3.3m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — — $36.2m $34.3m $6.0m ($11.4m) ($6.1m) $29.6m
Net (decrease)/increase in cash, cash equivalents and restricted cash — ($905k) ($122.9m) $236.4m $218.3m $41.1m ($80.9m) ($44.5m) $206.7m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — $48.9m $84.3m $83.9m $70.1m $62.1m $94.4m
Cash, cash equivalents and restricted cash at beginning of the year — — — — — — $497.6m $453.2m $659.9m
Cash and cash equivalents $206.5m $205.6m $82.7m — $533.3m $568.2m $495.0m $441.9m $655.1m
Restricted cash — — — — $4.2m $10.3m $2.7m $11.3m $4.8m
Total Cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows — $205.6m $82.7m $319.2m $537.4m $578.5m $497.6m $453.2m $659.9m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — $41.1m ($80.9m) ($44.5m) $206.7m
Interest Paid, Excluding Capitalized Interest, Operating Activities $1.9m — — $289k $493k $323k $289k $57k $4k
Income Taxes Paid, Net — — — — ($924k) ($100k) ($495k) ($1.9m) $259k

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