MTBLY · As filed with the SEC
Moatable cash flow statement, by fiscal year
The statement as Moatable presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
CONSOLIDATED STATEMENTS OF CASH FLOWS · USD thousands
| USD thousands | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 31, 2021 | FY2020 Year ended Dec 31, 2020 | FY2019 Year ended Dec 31, 2019 | FY2018 Year ended Dec 31, 2018 | FY2017 Year ended Dec 31, 2017 |
|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||
| Net loss from continuing operations | — | — | (76,418,000) | (103,406,000) | (16,800,000) | — | — | — |
| Net income from discontinued operations | — | — | — | 112,771,000 | (5,320,000) | — | — | — |
| Net loss | (2,493,000) | (9,911,000) | — | — | — | (107,484,000) | 64,481,000 | (110,503,000) |
| Adjustments to reconcile net loss to net cash (used in) provided by operating activities: | ||||||||
| Share-based compensation expense | 1,726,000 | 2,967,000 | 3,992,000 | 8,469,000 | 15,320,000 | 12,284,000 | 31,603,000 | 28,016,000 |
| Gain on deconsolidation of subsidiaries | — | — | — | — | — | (1,572,000) | (242,097,000) | (1,825,000) |
| Loss (earnings) in equity method investments | — | — | — | — | — | — | — | (67,240) |
| Noncash interest expenses | — | — | — | — | — | 2,347,000 | — | — |
| Impairment on and earnings (loss) in equity method investments | — | — | 11,397,000 | 59,001,000 | (70,000) | 7,464,000 | 12,090,000 | — |
| Realized loss on disposal of long-term investments | — | — | — | — | 0 | 0 | 2,141,000 | (37,311,000) |
| Reduction in the carrying amount of the right-of-use assets | — | — | — | — | 898,000 | 2,852,000 | — | — |
| Impairment on and loss in equity method investments | — | 2,218,000 | — | — | — | — | — | — |
| Impairment on and loss (income) in equity method investments | (37,000) | — | — | — | — | — | — | — |
| Amortization of the right-of-use assets | 596,000 | 493,000 | 721,000 | 823,000 | — | — | — | — |
| Depreciation and amortization | 423,000 | 437,000 | 756,000 | 329,000 | 967,000 | 975,000 | 1,443,000 | 2,029,000 |
| Exchange loss on offshore accounts | — | — | — | — | — | — | 0 | — |
| Impairment on long-term investments | — | — | — | — | — | — | — | 113,073 |
| Impairment on property and equipment | — | — | — | — | — | 503,000 | — | — |
| Write-down of Inventory | — | — | — | 250,000 | — | 17,826,000 | 5,712,000 | — |
| Write-offs of financing receivable | — | — | — | — | — | — | 0 | — |
| Impairment on available-for-sale investment | — | — | — | 0 | — | — | — | — |
| Impairment on long-term investment without readily determinable fair values | — | — | 44,474,000 | 1,526,000 | 0 | 2,000,000 | 2,180,000 | — |
| Impairment on goodwill | 0 | 395,000 | 0 | 0 | 0 | 83,379,000 | 29,055,000 | — |
| Loss on expiration of warrant | — | — | — | — | — | — | 0 | — |
| Interest income from long-term available-for-sale investment | — | — | — | — | — | — | 0 | (108,000) |
| Interest income from long-term available-for-sale investment | — | — | — | — | — | 0 | — | — |
| Impairment on intangible asset | 207,000 | 1,500,000 | 962,000 | — | — | 0 | 675,000 | — |
| Write-offs of prepaid expenses and other current assets | — | — | — | 2,000 | 281,000 | 22,700,000 | — | — |
| Gain on settlement of accrued expenses and other current liabilities | — | — | — | (370,000) | — | — | — | — |
| Provision for doubtful accounts | — | — | — | 0 | 0 | 212,000 | 41,000 | 46,000 |
| Provision for amount due from a related party | — | — | — | 0 | 0 | 12,408,000 | — | — |
| Write-offs for advance to supplier related to Ji'nan Dealership | — | — | — | — | 0 | 0 | 16,140,000 | (39,000) |
| Allowances for financing receivable losses | — | — | — | — | — | 2,017,000 | 10,802,000 | 12,745,000 |
| Write off of financing receivable | — | — | — | — | — | — | — | 0 |
| Provision for inventory | — | — | — | — | — | — | 200,000 | — |
| Write-offs of inventory related to Ji'nan Dealership | — | — | — | — | 0 | 0 | — | — |
| Gain on disposal of property and equipment | — | — | — | — | 0 | (52,000) | (25,928,000) | 13,000 |
| (Gain) loss on short-term investments and fair value change of derivatives | — | — | — | — | — | — | 0 | 100,000 |
| Realized gain on long-term available-for-sale investment | — | — | — | — | — | — | (1,005,000) | — |
| (Gain) loss on short-term investments | — | — | — | — | — | 0 | — | — |
| Realized gain on long-term available-for-sale investment | — | — | — | — | 0 | 0 | — | — |
| Fair value change of put option and liability-classified warrant | — | — | — | — | 0 | 0 | (233,000) | (195,000) |
| Fair value change of contingent consideration | — | — | — | — | — | — | 29,604,000 | 2,545,000 |
| Provision for amount due from the deconsolidated subsidiary | — | — | — | 3,943,000 | — | — | — | — |
| Consultant fee on security transfer | — | — | — | 1,687,000 | — | — | — | — |
| Fair value change of contingent consideration | — | — | — | (1,115,000) | 1,027,000 | (86,256,000) | — | — |
| Fair value change on long-term investment | — | — | 10,422,000 | — | — | — | — | — |
| Loss related to contingent liability settlement | — | — | — | 13,246,000 | — | — | — | — |
| Fair value change on long-term investment | — | 7,715,000 | — | — | — | — | — | — |
| Fair value change on long-term investment | 1,864,000 | — | — | — | — | — | — | — |
| Provision for credit losses | 1,349,000 | — | — | — | — | — | — | — |
| Reversal of tax payable | (2,585,000) | (8,767,000) | — | — | — | — | — | — |
| Loss from disposal of subsidiaries | — | 308,000 | — | — | — | — | — | — |
| Provision for credit loss | — | 311,000 | — | — | — | — | — | — |
| Reversal of aged other payables | (2,007,000) | — | — | — | — | — | — | — |
| Impairment on long-term investment without readily determinable fair values | 685,000 | — | — | — | — | — | — | — |
| Changes in operating assets and liabilities: | ||||||||
| Accounts and notes receivable | — | — | — | — | — | — | 3,463,000 | 2,116,000 |
| Accounts receivable | (1,220,000) | (702,000) | (432,000) | (1,144,000) | (44,000) | 1,549,000 | — | — |
| Financing receivable | — | — | — | — | — | 1,430,000 | 19,000 | (321,000) |
| Prepaid expenses and other current assets | (114,000) | (640,000) | 2,853,000 | (4,078,000) | 391,000 | (9,758,000) | 51,864,000 | (20,842,000) |
| Inventory | — | 19,000 | 339,000 | 96,000 | 287,000 | 18,676,000 | 28,903,000 | (76,605,000) |
| Right of use assets | — | — | — | — | 221,000 | (8,387,000) | — | — |
| Other non-current assets | (339,000) | — | 4,000 | (93,000) | 603,000 | 82,000 | 154,000 | 434,000 |
| Intercompany loan to Online Gaming (see Note 4) | — | — | — | — | — | — | 0 | — |
| Accounts payable | 155,000 | 491,000 | (85,000) | 701,000 | (320,000) | (2,063,000) | (11,682,000) | 12,599,000 |
| Amounts due from/to related parties | — | (2,000) | (2,000) | 0 | (7,909,000) | (6,495,000) | (65,343,000) | 7,514,000 |
| Amount due from subsidiary held for sale | — | — | — | (1,627,000) | (2,255,000) | — | — | — |
| Accrued expenses and other current liabilities | 2,330,000 | (52,000) | (404,000) | 1,641,000 | (3,056,000) | (2,497,000) | (5,442,000) | 8,576,000 |
| Interest payable to investors | — | — | — | — | 0 | 0 | (4,722,000) | (4,048,000) |
| Deferred revenue | — | — | — | — | — | — | — | 4,109 |
| Deferred revenue | — | — | 1,701,000 | 2,020,000 | (148,000) | (2,402,000) | (7,324,000) | — |
| Operating lease liabilities | — | — | (700,000) | (805,000) | 358,000 | 2,857,000 | — | — |
| Operating lease liabilities-non-current | — | — | — | — | (581,000) | 1,990,000 | — | — |
| Other non-current liabilities | — | — | — | — | 0 | 0 | 3,147,000 | 5,862,000 |
| Deferred revenue | 255,000 | (1,000) | — | — | — | — | — | — |
| Operating lease liabilities | (591,000) | (509,000) | — | — | — | — | — | — |
| Income tax payable | 1,093,000 | 563,000 | (3,402,000) | (74,000) | (894,000) | (788,000) | 9,820,000 | 4,296,000 |
| Net cash used in operating activities from continuing operations | — | — | (3,822,000) | (18,978,000) | (11,724,000) | — | — | — |
| Net cash provided by operating activities from discontinued operations | — | — | — | 870,000 | (3,878,000) | — | — | — |
| Net cash (used in) provided by operating activities | 1,297,000 | (3,167,000) | (3,822,000) | (18,108,000) | — | (34,203,000) | (60,239,000) | (114,964,000) |
| Cash flows from investing activities: | ||||||||
| Placement of restricted cash | — | — | — | — | — | — | — | (455,956) |
| Release of restricted cash | — | — | — | — | — | — | — | 416,907 |
| Decrease in term deposits | — | — | — | — | — | — | — | 0 |
| Proceeds from principal repayments of financing receivable | — | — | — | — | — | 0 | 109,103,000 | 925,951,000 |
| Payments to provide financing receivable | — | — | — | — | — | 0 | (5,000) | (748,725,000) |
| Proceeds from sale of trading securities | — | — | — | — | — | 0 | 0 | 7,973,000 |
| Proceeds from sale of equity investment with readily determinable fair values | — | — | — | — | 0 | 0 | 8,432,000 | 0 |
| Proceeds from principal return on Series 2012-A Senior Secured Sofi Loan Notes ("SoFi Loan Note") | — | — | — | — | — | — | 0 | — |
| Proceeds from sale of equity method investments | — | — | — | — | — | — | 0 | 94,604,000 |
| Proceeds from sale of equity method investments | — | — | — | — | — | 0 | — | — |
| Proceeds from sales of equity investments without readily determinable fair values | — | — | — | — | 0 | 0 | 4,585,000 | 32,726,000 |
| Proceeds from capital withdrawal from equity method investees | — | — | — | — | 0 | 0 | 1,098,000 | 148,000 |
| Proceeds from disposition of Renren SNS | — | — | — | 0 | 0 | 6,090,000 | — | — |
| Payment for acquisition of a subsidiary, net of cash acquired | (3,450,000) | — | (1,836,000) | — | 0 | 0 | (9,454,000) | (23,305,000) |
| Loan to related parties | — | — | — | — | — | 0 | 0 | (11,113,000) |
| Proceeds from repayment of related party loans | — | — | — | — | — | 0 | 0 | 8,871,000 |
| Loans to third parties | — | — | — | — | 0 | 0 | (1,513,000) | (2,220,000) |
| Proceeds from repayment of the note issued by OPI | — | — | — | 67,985,000 | 31,529,000 | 9,564,000 | — | — |
| Purchase of trading securities | — | — | — | — | — | 0 | 0 | (7,653,000) |
| Purchase of derivative financial instruments | — | — | — | — | — | — | 0 | — |
| Purchase of equity method investments, call option and warrant | — | — | — | — | — | 0 | 0 | (4,940,000) |
| Purchase of equity investments without readily determinable fair values | — | — | — | — | 0 | 0 | (256,000) | — |
| Redemption of short-term investments | — | 24,004,000 | — | — | — | — | — | — |
| Purchases of intangible assets | (140,000) | (96,000) | (2,078,000) | — | — | — | 0 | — |
| Settlement of put option | — | — | — | — | — | — | 0 | — |
| Purchases of preferred share | — | — | — | (6,000,000) | — | — | — | — |
| Proceeds from repayment of third-party loans | — | — | — | 0 | 0 | 4,086,000 | 0 | 892,000 |
| Net cash outflow from deconsolidation of a subsidiary | — | — | — | (4,299,000) | — | — | — | — |
| Net cash provided by (used in) investing activities from continuing operations | — | — | (33,481,000) | 58,038,000 | 32,802,000 | — | — | — |
| Net cash provided by (used in) investing activities from discontinued operations | — | — | 0 | 0 | 0 | — | — | — |
| Redemption of short-term investments | — | — | (24,030,000) | 0 | 1,436,000 | — | — | — |
| Proceeds from sales of long-term investments | — | — | — | (454,000) | — | — | — | — |
| Dividend received from equity investment | — | 52,000 | — | — | — | — | — | — |
| Proceeds from disposal of equipment and property | — | 1,000 | — | 1,000 | 58,000 | 111,000 | 60,388,000 | 63,000 |
| Purchases of property and refurbishment construction | (251,000) | (927,000) | (5,537,000) | (103,000) | (221,000) | (480,000) | (884,000) | (135,000) |
| Cash disposed of from deconsolidation of subsidiaries | — | — | — | 0 | 0 | (343,000) | 0 | (1,179,000) |
| Purchase of short-term investments | (4,980,000) | — | — | — | — | (1,436,000) | — | (5,673,000) |
| Purchase of long-term investments | (100,000) | — | — | — | 0 | 0 | (650,000) | (3,000,000) |
| Net cash provided by (used in) investing activities | (8,921,000) | 23,034,000 | (33,481,000) | 58,038,000 | — | 17,592,000 | 170,844,000 | 224,236,000 |
| Cash flows from financing activities: | ||||||||
| Proceeds from exercise of share options | 1,047,000 | 59,000 | 190,000 | 275,000 | 1,000 | 8,000 | 526,000 | 262,000 |
| Proceeds from investors | — | — | — | — | — | 0 | 57,767,000 | 1,580,544,000 |
| Payment to investors | — | — | — | — | 1,000 | 0 | (193,502,000) | (1,688,655,000) |
| Proceeds from convertible loans issued by Kaixin | — | — | — | — | — | 21,000,000 | — | — |
| Proceeds from the issuance of units by KAH | — | — | — | — | — | 7,500,000 | — | — |
| Cash acquired in the reverse recapitalization | — | — | — | — | — | 6,000 | — | — |
| Repayment of convertible loans issued by Kaixin | — | — | — | 0 | 0 | — | — | — |
| Ordinary share buyback | (253,000) | (11,593,000) | — | — | — | — | — | — |
| Dividend received from stipulation settlement | — | 2,630,000 | — | — | — | — | — | — |
| Repayment of borrowings | — | — | (1,644,000) | (11,451,000) | (4,751,000) | (82,214,000) | (119,000,000) | (24,060,000) |
| Repayment of long-term borrowings | — | — | — | — | — | — | — | (43,965) |
| Cash distribution to shareholders related to acquisition of OPI | — | — | — | — | 0 | 0 | (168,983,000) | — |
| Proceeds from borrowings | — | — | — | 0 | 3,289,000 | 28,654,000 | 71,140,000 | 65,859,000 |
| Proceeds from long-term borrowings | — | — | — | — | — | 0 | 87,000,000 | 26,639,000 |
| Proceeds from a related party | — | — | — | 0 | 0 | 1,600,000 | 0 | 0 |
| Placement of restricted cash | — | — | — | — | — | — | — | 0 |
| Capital injection by noncontrolling shareholders | — | — | — | — | — | 0 | 10,873,000 | 16,263,000 |
| Net cash used in financing activities from continuing operations | — | — | (1,454,000) | (11,176,000) | (1,460,000) | — | — | — |
| Net cash provided by financing activities from discontinued operations | — | — | — | 267,000 | 3,917,000 | — | — | — |
| Net cash (used in) provided by financing activities | 794,000 | (8,904,000) | (1,454,000) | (10,909,000) | — | (23,446,000) | (254,179,000) | (67,113,000) |
| Net (decrease) increase in cash and cash equivalents | — | — | — | — | — | — | — | 42,159 |
| Cash and cash equivalents at beginning of year | — | — | — | — | — | — | 128,595 | 79,370 |
| Net increase (decrease) in cash and cash equivalents and restricted cash from continuing operations | — | — | (38,757,000) | 27,884,000 | 19,618,000 | — | — | — |
| Net increase in cash and cash equivalents and restricted cash from discontinued operations | — | — | — | 1,137,000 | 39,000 | — | — | — |
| Cash and cash equivalents and restricted cash at beginning of year from continuing operations | — | 27,960,000 | 65,247,000 | 34,087,000 | 14,733,000 | 57,513,000 | 201,923,000 | — |
| Cash and cash equivalents and restricted cash at beginning of year from discontinued operations | — | 0 | 0 | 3,162,000 | 3,189,000 | 13,768,000 | — | — |
| Effect of exchange rate changes | — | — | — | — | (330,000) | 466,000 | (836,000) | 7,066,000 |
| Cash and cash equivalents at end of year | — | — | — | — | — | — | — | 128,595 |
| Effect of exchange rate changes from continuing operations | — | — | — | (1,023,000) | — | — | — | — |
| Effect of exchange rate changes from discontinued operations | — | — | — | 0 | — | — | — | — |
| Net increase (decrease) in cash and cash equivalents and restricted cash | (6,830,000) | 10,963,000 | — | — | — | (40,057,000) | (143,574,000) | — |
| Cash and cash equivalents and restricted cash at the beginning of year | 38,969,000 | 27,960,000 | — | — | — | — | — | — |
| Effect of exchange rate changes | (217,000) | 46,000 | 1,470,000 | — | — | — | — | — |
| Cash and cash equivalents and restricted cash at end of year from continuing operations | — | — | 27,960,000 | 65,247,000 | 34,087,000 | 17,922,000 | 57,513,000 | — |
| Cash and cash equivalents and restricted cash at end of year from discontinued operations | — | — | 0 | 0 | 3,162,000 | — | — | — |
| Cash and cash equivalents and restricted cash at end of the year | 31,922,000 | 38,969,000 | — | — | — | — | — | — |
| Supplemental schedule of cash flows information: | ||||||||
| Interest paid | — | — | 0 | 0 | 839,000 | — | — | — |
| Income taxes paid | — | — | — | 104,000 | 8,000 | — | — | — |
| Interest paid | — | — | 25,000 | 51,000 | 337,000 | 2,275,000 | 8,290,000 | 10,729,000 |
| Income taxes paid | 581,000 | 162,000 | 0 | 0 | 0 | 254,000 | 1,000 | 180,000 |
| Schedule of non-cash activities: | ||||||||
| Payable for acquisition of property, plant and equipments included in accrued expenses and other liabilities | — | — | — | — | — | — | — | 6 |
| Contingent consideration reclassification from liability to equity | — | — | — | — | — | 0 | 14,113,000 | — |
| Reclassification from liability to equity for contingent consideration | — | — | — | — | — | 20,849,000 | — | — |
| Continuing operations. | — | — | — | 0 | 0 | — | — | — |
| Discontinued operations | — | — | — | — | 0 | — | — | — |
| Increase in equity method investments through the settlement of amount due from a related party | — | — | — | — | — | 600,000 | — | — |
| Continuing operations. | — | — | — | 0 | 0 | — | — | — |
| Receivable from disposition of Renren SNS | — | — | — | — | — | 0 | 60,000,000 | — |
| Purchase of long-term available-for-sale investment through exchange of equity interest in a subsidiary | — | — | — | — | — | — | 0 | — |
| Continuing operations | — | — | — | — | 0 | — | — | — |
| Conversion of a loan to a related party to equity investment into the related party | — | — | — | — | — | 0 | 0 | 200,000 |
| Acquisition of equity method investment through settlement of loan from a related party | — | — | — | — | — | — | 0 | — |
| Continuing operations. | — | — | — | 0 | 40,000,000 | — | — | — |
| Continuing operations | — | — | — | — | 0 | — | — | — |
| Discontinued operations | — | — | — | — | 0 | — | — | — |
| Obtaining right-of-use assets in exchange for operating lease liabilities | 1,152,000 | 933,000 | 233,000 | 614,000 | — | — | — | — |
| Gain on deconsolidation of subsidiaries | — | — | — | 123,667,000 | — | — | — | — |
| Beneficial conversion feature of a convertible loan issued by Kaixin | — | — | — | — | — | 2,128,000 | — | — |
| Discontinued operations | — | — | — | 0 | 0 | — | — | — |
| Conversion of convertible loans issued by Kaixin to kaixin's ordinary shares, including interest of $219 | — | — | — | — | — | 21,219,000 | — | — |
| Discontinued operations | — | — | — | 0 | 0 | — | — | — |
| Acquisition of noncontrolling interest | — | — | — | — | — | 1,512,000 | — | — |
| Discontinued operations | — | — | — | 0 | 0 | — | — | — |
| Net assets disposal of a dealership | — | — | — | — | — | 62,000 | — | — |
| Discontinued operations | — | — | — | 0 | 0 | — | — | — |
| Net liabilities acquired in the reverse recapitalization, excluding cash acquired | — | — | — | — | — | 5,053,000 | — | — |
| Discontinued operations | — | — | — | 0 | 0 | — | — | — |
| Acquisition of business settled by forgiveness of financing receivable | — | — | — | — | — | 0 | 1,428,000 | 21,201,000 |
| Acquisition of entity through settlement of long-term investments | — | — | — | — | — | 0 | 0 | 5,787,000 |
| Discontinued operations | — | — | — | — | 0 | — | — | — |
| Discontinued operations | — | — | — | 0 | (4,213,000) | — | — | — |
| Change of shares withheld for payroll taxes on restricted shares into treasury stock | 674,000 | — | — | — | — | — | — | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.