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Income Statement
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Fang Holdings Ltd (SFUN)

Cash Flow Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14Dec-31-13Dec-31-12
   20-F20-F20-F20-F20-F20-F20-F20-F
CASH FLOWS FROM OPERATING ACTIVITIES          
Net income (loss)  -10.3-114.921.7-169.6-15.1253.2298.7151.8
   
Adjustments to reconcile net income (loss) to net cash generated from operating activities:          
    Share-based compensation  8.814.17.26.64.54.77.07.1
    Depreciation of property and equipment  25.225.927.6 14.711.69.76.4
    Amortization of land use rights   0.80.4     
    Deferred tax benefits  -10.5-21.3-0.3-2.3-32.427.315.524.9
    Net allowance for doubtful accounts and loans receivable  8.824.632.629.718.617.413.412.3
    Realized and unrealized loss (gain) related to investment securities  45.3165.9-3.3     
    Impairment on investments    2.82.2 8.4 0.0
    Amortization of loan origination costs  0.4 0.21.31.41.83.52.6
    Amortization of transaction costs for structured note  0.1       
    Amortization of issuance costs and unamortized discount (premium) for convertible senior notes  -0.71.71.8     
    Loss on disposal of property and equipment  2.31.05.60.7    
    Deemed rental expense (Note 19)  0.20.20.2     
    Allowance of doubtful accounts of commitment deposit    0.2     
    Compensation expenses related to investment in China Index Holding Limited  13.6       
    Foreign currency exchange gain, net  1.2       
    Reduction in the carrying amount of the right-of-use assets  2.5       
    Changes in operating assets and liabilities, net of effects of spinoff of CIH and disposal of subsidiaries:          
        Accounts receivable  -19.0-18.4-0.416.2-118.8-22.7-25.5-14.6
        Funds receivable  -3.00.52.37.813.2-25.2-29.3-7.6
        Prepayments and other current assets  -5.53.49.416.7-35.38.8-12.31.3
        Commitment deposits   5.60.84.136.7-47.3  
        Loans receivable, current    30.9214.8-53.3-2.0  
        Loans receivable, non-current    14.836.2-192.1-79.6  
        Amounts due from related parties  -0.10.2-0.40.3-0.3  1.6
        Other non-current assets  -1.1-3.45.6-0.32.3-4.30.1-12.0
        Deferred revenue  12.612.630.3-6.533.14.446.44.5
        Accrued expenses and other liabilities  2.7-42.9-39.3-17.6106.450.141.427.0
        Customers' refundable fees  1.1-2.9-22.7-27.6    
        Income tax payable  1.2-0.3-1.7-3.429.3   
        Amounts due to related parties  0.3   -0.70.10.5 
        Other non-current liabilities  -6.82.60.70.1-0.1-0.1-0.5 
            Net cash generated from operating activities  69.355.0126.9131.2-165.3214.5 218.9
   
CASH FLOWS FROM INVESTING ACTIVITIES          
Acquisition of short-term investments  -249.9-721.7-383.1-73.8-129.8   
Proceeds from maturity and disposal of fixed-rate time deposits and trading securities  10.1164.4373.4     
Proceeds from disposal of available-for-sale securities  166.0595.413.913.1  1.5 
Acquisition of property and equipment  -12.1-96.1-65.9-24.6-45.2-8.0-6.7-18.1
Origination of loans receivable  -118.8-134.8-212.8     
Collection of loans receivable  181.8149.586.9     
Purchase of land use rights    -34.3     
Proceeds from government in connection of purchase of land use rights   14.4      
Acquisition of long-term investments  -44.4-84.5-13.0-4.9-127.4-1,388.0-10.0-49.3
Proceeds from disposal of property and equipment  0.00.25.8-127.70.60.10.10.3
Proceeds from disposal of equity investments with readily determinable fair value  10.36.6      
Deposits for non-current assets    -55.5 -146.7-48.2-37.7-8.8
    Net cash used in investing activities  -57.0-106.7-284.5-127.958.6-631.1 -129.3
   
CASH FLOWS FROM FINANCING ACTIVITIES          
Proceeds from exercise of share options  0.03.04.81.78.412.526.016.7
Proceeds from short-term loans  2.436.3 296.672.8  46.0
Proceeds from long-term loans  71.266.8111.567.7  100.080.8
Proceeds from issuance of short term bond  102.0       
Purchase of structured note in connection with issuance of short term bond  -102.8       
Repayment of loans  -43.7-26.9-44.0-182.4-153.5-90.0-180.7-30.9
Proceeds from disposal of subsidiaries, net of US$1,378 cash disposed  0.3       
Redemption of convertible senior notes  -83.1-44.6 -394.3    
   
Repurchase of ordinary shares          
Payment of loan origination costs  -0.5 -0.3 0.0-1.9-12.5-3.3
Cash disposed in connection with the spinoff of CIH  -19.9       
    Net cash generated from (used in) financing activities  -74.134.772.0-347.3587.5192.1 -122.6
Exchange rate effect on cash, cash equivalents and restricted cash  -18.9-26.729.3-29.4    
    Net decrease in cash, cash equivalents and restricted cash  -80.7-43.7-56.4-373.5    
   
Supplemental schedule of cash flow information:          
    Income tax paid  9.68.28.06.76.712.238.713.2
    Interest paid  20.912.216.919.413.216.113.99.0
    Acquisition of property and equipment through utilization of deposits  0.357.1244.614.390.7 111.4 
    Acquisition of property and equipment included in accrued expenses and other liabilities  3.910.46.1     
    Long-term investments received in settlement of funds receivable    12.113.9    
    Shareholder contribution of call option (Note 5)  0.7       

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