← uCloudlink Group Inc.

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 — — — — ($19.9m) $2.8m $4.6m $6.3m
Net Income (Loss) Attributable to Parent — $5.2m ($63.4m) ($46.0m) ($19.9m) $2.8m $4.6m $6.3m
Net Income (Loss) Available to Common Stockholders, Basic — $2.4m ($64.7m) ($46.0m) ($19.9m) $2.8m $4.6m $6.3m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — $5.2m ($63.4m) ($46.0m) ($19.9m) — — $11.0m
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent — — — — $19.2m — — —
Depreciation and amortization — — — — $839k $1.1m $2.3m $2.8m
Other Depreciation and Amortization — — — — $839k — — —
Amortization — — — — $149k — — —
Amortization of Intangible Assets $89k $90k $94k $143k $142k $136k $137k $129k
Depreciation — $3.0m $2.2m $2.0m $839k $985k $2.2m $2.7m
Depreciation of property and equipment $5.2m $3.0m $2.2m $2.0m $839k $985k $2.2m $2.7m
Amortization Cash Flow — — — — $142k $136k $137k $129k
Amortization Of Intangibles — — — — $142k $136k $137k $129k
Depreciation Amortization Depletion — — — — $981k $1.1m $2.3m $2.8m
Share-based Payment Arrangement, Noncash Expense — $169k $50.6m $8.8m $3.1m $3.3m $1.2m $1.0m
Share-based Payment Arrangement, Expense — $169k $50.6m $8.8m $3.1m $3.3m $1.2m $1.0m
Impairment/(reversal) for inventory obsolescence $772k $528k $636k $16k $96k $657k $106k ($103k)
Share-based compensation $2.3m $169k $50.6m $8.8m $3.1m $3.3m $1.2m $1.0m
Asset Impairment Charge — — — — $176k $657k $106k ($103k)
Gain (Loss) on Disposition of Property Plant Equipment $188k $353k $375k $94k $215k $203k $80k $104k
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property $188k $190k $230k $193k $215k ($203k) ($80k) $225k
Income (Loss) from Equity Method Investments — — — $287k $72k — — —
Income Tax Expense (Benefit) — $57k $185k $244k $161k $70k $68k $1.5m
Interest Expense Nonoperating — — — — — — $196k $196k
Interest expenses $3.4m $438k $285k $188k $441k $133k $196k $196k
Share of (profit)/loss in equity method investments — — — ($287k) ($72k) ($357k) ($210k) $12k
Operating lease right-of-use assets — — — — — ($2.1m) ($555k) $1.1m
Operating lease liabilities — — — — — $2.2m $573k ($1.2m)
Right-of-use assets obtained in exchange for operating lease obligations — — — — $444k $2.8m $2.3m $724k
Earnings (Loss)es From Equity Investments — — — — ($72k) ($357k) ($210k) $12k
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable — $9.3m ($16.2m) $8.2m ($7.7m) $390k $1.8m ($3.5m)
Increase (Decrease) in Inventories — ($974k) ($4.0m) $302k ($2.4m) ($784k) ($766k) $3.0m
Accounts Receivable, Credit Loss Expense (Reversal) — — — — — ($126k) $452k $790k
Proceeds from Stock Options Exercised — — — $1.3m — $49k — —
Debt and Equity Securities, Gain (Loss) — — $4.9m ($12.4m) ($13.0m) — — —
Equity Securities, FV-NI, Gain (Loss) — — — — — ($2.7m) $1.1m $4.6m
Foreign Currency Transaction Gain (Loss), before Tax — ($1.9m) ($153k) ($1.1m) ($2.5m) $514k $470k $518k
Foreign Currency Transaction Gain (Loss), Unrealized — ($607k) ($182k) ($1.1m) ($2.5m) ($514k) ($470k) —
General and Administrative Expense — $20.2m $43.2m $28.6m $18.7m $17.1m $15.9m $12.6m
Inventory Write-down — $230k $948k $12k $138k $657k $106k —
Investment Income, Interest — $193k $37k $14k $18k $70k $227k $68k
Operating Costs and Expenses — — — — $2.5m — — —
Operating Expenses — — — — — ($1.5m) $2.1m —
Financing Receivable, Credit Loss, Expense (Reversal) — $175k $2.8m $40k $2.0m — — —
Revenue from Contract with Customer, Including Assessed Tax — — — — — — — $81.4m
(Reversal)/provision for bad debts — — — $40k $2.0m ($126k) $452k $790k
Fair value losses/(gains) on other investments — — — $12.4m $13.0m $2.7m ($1.1m) ($4.6m)
Foreign currency exchange losses/(gains), net — — — — — $514k $470k ($518k)
Accounts receivable ($3.1m) ($9.3m) $16.2m ($8.2m) $7.7m ($390k) ($1.8m) $3.5m
Prepayments and other assets ($2.3m) $2.6m $690k $985k $1.8m ($1.7m) $1.0m $379k
Inventories ($7.8m) $974k $4.0m ($302k) $2.4m $784k $766k ($3.0m)
Accrued expenses, accounts payable and other liabilities $3.6m $6.3m ($9.3m) $5.9m ($9.6m) ($691k) $2.2m ($6.3m)
Amounts due to related parties $3.0m ($1.9m) $481k ($50k) $28k ($231k) ($1.2m) ($49k)
Amounts due from related parties — ($692k) ($1.6m) $1.1m $455k ($2.2m) $974k $274k
Contract liabilities $1.4m ($2.0m) ($1.0m) $686k ($523k) $373k ($717k) $2.7m
Other non-current liabilities — — $335k ($59k) ($58k) ($59k) ($58k) ($29k)
Purchase of intangible assets ($607k) ($84k) ($482k) ($92k) ($14k) — — ($122k)
Decrease in short-term deposit — — — ($2k) — $196k — —
Proceeds from other borrowings $4.4m — — — $212k $2.5m — —
Repayments of other borrowings ($273k) ($2.2m) ($1.8m) — ($163k) ($34k) ($2.5m) —
Proceeds from bank borrowings $6.1m $9.0m $3.7m $11.4m $9.5m $5.4m $7.0m $7.2m
Repayments of bank borrowings ($5.8m) ($5.2m) ($5.1m) ($12.0m) ($9.5m) ($5.4m) ($2.8m) ($7.1m)
Proceeds from exercise of share options — — — $1.3m — $49k — —
Beginning Cash Position — — — — $7.9m $14.9m $23.4m $30.1m
Cash Flow From Continuing Financing Activities — — — — $3.5m $2.5m $1.7m $122k
Cash Flow From Continuing Investing Activities — — — — ($162k) ($240k) ($3.8m) ($1.0m)
Change In Accrued Expense — — — — ($9.6m) ($691k) $2.2m ($6.3m)
Change In Inventory — — — — $2.4m $784k $766k ($3.0m)
Change In Other Current Liabilities — — — — ($58k) $10k ($40k) ($76k)
Change In Other Working Capital — — — — ($523k) $373k ($717k) $2.7m
Change In Payable — — — — $28k ($231k) ($1.2m) ($49k)
Change In Payables And Accrued Expense — — — — ($9.6m) ($922k) $1.0m ($6.4m)
Change In Prepaid Assets — — — — $1.8m ($1.7m) $1.0m $379k
Change In Receivables — — — — $8.2m ($2.6m) ($838k) $3.7m
Change In Working Capital — — — — $2.2m ($4.1m) $1.2m ($2.6m)
Changes In Account Receivables — — — — $7.7m ($390k) ($1.8m) $3.5m
Changes In Cash — — — — $7.8m $8.8m $7.2m $2.3m
End Cash Position — — — — $14.9m $23.4m $30.1m $32.8m
Financing Cash Flow — — — — $3.5m $2.5m $1.7m $122k
Free Cash Flow — — — — $4.0m $4.4m $5.2m $2.2m
Gain Loss On Sale Of PPE — — — — ($215k) ($203k) ($80k) ($104k)
Investing Cash Flow — — — — ($162k) ($240k) ($3.8m) ($1.0m)
Issuance Of Capital Stock — — — $0 $0 — — —
Net Business Purchase And Sale — — — ($247k) $0 $0 — —
Net Foreign Currency Exchange Gain Loss — — — — $2.5m $514k $470k ($518k)
Net Intangibles Purchase And Sale — — — — ($14k) $0 $0 ($122k)
Net PPE Purchase And Sale — — — — ($145k) ($1.8m) ($3.8m) ($699k)
Operating Gains Losses — — — — $2.2m ($46k) $180k ($610k)
Other Non Cash Items — — — — $590k $133k $196k $196k
Proceeds From Stock Option Exercised — — — — $0 $49k $0 $0
Provisionand Write Offof Assets — — — — $2.0m ($126k) $452k $790k
Purchase Of Business — — — ($247k) $0 $0 — —
Purchase Of Intangibles — — — — ($14k) $0 $0 ($122k)
Purchase Of PPE — — — — ($411k) ($2.1m) ($4.0m) ($924k)
Sale Of PPE — — — — $266k $217k $240k $225k
Stock Based Compensation — — — — $3.1m $3.3m $1.2m $1.0m
Unrealized Gain Loss On Investment Securities — — — — $13.0m $2.7m ($1.1m) ($4.6m)
Other Operating Income (Expense), Net — $290k $7.6m ($11.9m) ($14.3m) ($1.5m) $2.1m $6.7m
Net Cash Provided by (Used in) Operating Activities ($19.5m) $5.8m ($2.0m) ($21.7m) $4.4m $6.5m $9.2m $3.2m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment ($4.5m) $2.8m $1.3m $787k $411k $2.1m $4.0m $924k
Payments to Acquire Investments — — — $247k — — — —
Net Investment Purchase And Sale — — — — ($3k) $1.5m $0 $0
Purchase Of Investment — — — ($2k) ($3k) $0 $0 —
Sale Of Investment — — — — $0 $1.5m $0 $0
Net Cash Provided by (Used in) Investing Activities ($4.6m) ($3.3m) ($35.4m) ($935k) ($162k) ($240k) ($3.8m) ($1.0m)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt — — — — — — — $1.7m
Issuance Of Debt — — — — $14.4m $7.9m $7.0m $7.2m
Long Term Debt Issuance — — — $0 $212k — — —
Net Issuance Payments Of Debt — — — — $3.5m $2.5m $1.7m $122k
Net Long Term Debt Issuance — — — — ($401k) ($34k) ($2.5m) $0
Net Short Term Debt Issuance — — — — $3.9m $2.5m $4.2m $122k
Short Term Debt Issuance — — — — $14.4m $7.9m $7.0m $7.2m
Long Term Debt Payments — — — — ($401k) ($34k) ($2.5m) $0
Repayment Of Debt — — — — ($10.9m) ($5.5m) ($5.3m) ($7.1m)
Short Term Debt Payments — — — — ($10.5m) ($5.4m) ($2.8m) ($7.1m)
Common Stock Issuance — — — $0 $0 — — —
Net Common Stock Issuance — — — $0 $0 — — —
Dividends Received CFI — — — — $0 $83k $0 $0
Net cash generated from financing activities $4.4m $1.5m $26.7m $735k $3.5m $2.5m $1.7m $122k
Net Cash Provided by (Used in) Financing Activities — $1.5m $26.7m $735k $3.5m $2.5m $1.7m $122k
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — — ($326k) ($474k) $472k
Effect of exchange rates on cash and cash equivalents — — — ($420k) ($729k) ($326k) ($474k) $472k
Effect Of Exchange Rate Changes — — — — ($729k) ($326k) ($474k) $472k
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — $4.0m ($10.8m) ($21.9m) $7.8m — — —
Increase in cash and cash equivalents — — — ($21.9m) $7.8m $8.8m $7.2m $2.3m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — — $23.4m $30.1m $32.8m
Cash and cash equivalents at beginning of year — — — $7.9m $14.9m $23.4m $30.1m $32.8m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — $7.8m $8.8m $7.2m $2.3m
Interest Paid, Excluding Capitalized Interest, Operating Activities ($3.2m) $438k $285k $188k $426k $133k $196k $196k

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