← The9 LTD
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income From Continuing Operations | — | — | — | — | — | — | ($979.5m) | $12.6m | ($73.6m) | ($408.9m) | ($188.9m) | |
| Net Income (Loss) Attributable to Parent | ($97.5m) |
($26.9m)
+72.36%
|
($31.6m)
-17.20%
|
($25.5m)
+19.12%
|
$61.0m
+338.77%
|
($64.5m)
-205.83%
|
($141.3m)
-119.03%
|
$2.8m
+101.99%
|
($10.1m)
-457.02%
|
($408.9m)
-3965.18%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | ($667.1m) |
($112.1m)
+83.20%
|
($37.5m)
+66.52%
|
($27.4m)
+27.03%
|
$60.8m
+322.03%
|
($64.5m)
-206.14%
|
($141.3m)
-119.03%
|
$2.8m
+101.99%
|
($10.1m)
-457.02%
|
($57.5m)
-472.11%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ($96.1m) | ($17.2m) | ($34.8m) | ($28.2m) | $60.3m | ($65.4m) | ($142.0m) | $1.8m | ($10.1m) | ($58.5m) | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | ($8.4m) | $608k | ($2.4m) | — | — | — | — | ($1.0m) | ($30k) | ($925k) | — | |
| Depreciation and amortization | $1.1m | $814k | $531k | — | — | — | $91.4m | $12.2m | $61.5m | $15.1m | $16.5m | |
| Amortization of Debt Issuance Costs | — | — | — | — | — | — | — | — | — | $373k | — | |
| Amortization of Intangible Assets | $1.5m | $0 | $0 | — | — | — | — | — | — | $220k | — | |
| Amortization Cash Flow | — | — | — | — | — | $0 | — | $0 | $0 | $1.5m | — | |
| Amortization Of Intangibles | — | — | — | — | — | $0 | — | $0 | $0 | $1.5m | $2.4m | |
| Amortization Of Securities | — | — | — | — | — | — | — | $0 | $0 | $2.6m | $3.2m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $91.4m | $86.9m | $61.5m | $15.1m | $16.5m | |
| Share-based Payment Arrangement, Noncash Expense | $4.0m | $5.8m | $567k | $3.1m | $8.4m | $23.6m | $29.3m | $10.0m | $6.1m | $16.6m | $120.4m | |
| Equity Method Investment, Other than Temporary Impairment | $404k | $1.4m | $202k | $670k | $180k | $1.2m | $2.5m | $0 | $0 | $6.0m | — | |
| Impairment of Intangible Assets (Excluding Goodwill) | $9.8m | $0 | $0 | $0 | $6.5m | $11.6m | — | — | $6.5m | $0 | — | |
| Asset Impairment Charge | — | — | — | — | — | — | $441.9m | $161.9m | $14.5m | $114.7m | $114.1m | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | — | ($115k) | $0 | $100k | $27k | — | $103k | $235k | ($1k) | — | — | |
| Income (Loss) from Equity Method Investments | ($15.9m) | ($451k) | ($624k) | ($409k) | ($332k) | ($271k) | $0 | $0 | ($154k) | ($82k) | — | |
| Other Nonoperating Income (Expense) | ($1.4m) | $718k | $233k | $1.3m | $307k | ($7.0m) | $1.5m | $1.2m | ($696k) | $316k | — | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | $0 | $0 | $1.1m | $571k | $872k | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | $123.2m | ($26.2m) | ($5.7m) | ($3.4m) | ($30.5m) | |
| Increase (Decrease) in Accounts Receivable | $209k | ($883k) | ($277k) | ($45k) | ($606) | $2.1m | ($512k) | ($13k) | $7k | $1.6m | ($9.7m) | |
| Change In Receivables | — | — | — | — | — | — | $3.5m | $95k | ($54k) | ($11.0m) | ($9.7m) | |
| Changes In Account Receivables | — | — | — | — | — | — | $3.5m | $95k | ($54k) | ($11.0m) | ($9.7m) | |
| Increase (Decrease) in Accounts Payable | ($605k) | $319k | $132k | — | — | — | — | — | — | — | $2.9m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $51.4m | ($21.4m) | $1.6m | $15.9m | $2.9m | |
| Change In Accrued Expense | — | — | — | — | — | — | ($70.5m) | ($23.6m) | $2.9m | $8.4m | ($1.5m) | |
| Change In Other Current Assets | — | — | — | — | — | — | $0 | $0 | ($3.6m) | ($151k) | $7.5m | |
| Change In Other Current Liabilities | — | — | — | — | — | — | ($4.5m) | ($5.8m) | ($918k) | ($4.6m) | ($6.6m) | |
| Other Operating Income (Expense), Net | $519k | $54k | $33k | $4k | $4k | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | ($181.0m) |
($86.7m)
+52.12%
|
($14.7m)
+83.01%
|
($7.8m)
+47.13%
|
($16.3m)
-109.26%
|
($107.9m)
-562.69%
|
($22.4m)
+79.21%
|
($6.5m)
+70.92%
|
($6.1m)
+7.16%
|
($4.5m)
+25.05%
|
($58.7m)
-1192.60%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | $1.8m | $18k | ($184k) | $300k | $10k | $600k | $1.3m | $7.0m | $7.3m | $200k | ($25.5m) | |
| Capital Expenditure | — | — | — | — | — | — | ($248.8m) | ($2.1m) | ($18.0m) | ($12.0m) | ($12.0m) | |
| Gain (Loss) on Investments | ($175k) | $18k | $0 | $100k | $27k | — | $103k | $235k | ($1k) | $0 | ($3.1m) | |
| Gain (Loss) on Sale of Investments | — | — | — | — | — | $2.2m | — | — | — | — | — | |
| Net Other Investing Changes | — | — | — | — | — | — | $4.5m | $1.5m | — | ($7.1m) | ($7.1m) | |
| Net Cash Provided by (Used in) Investing Activities | ($10.4m) | $161.9m | ($2.5m) | $8.7m | $67.2m | ($22.1m) | ($36.1m) | $666k | ($7.8m) | $159k | ($7.0m) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | $8.7m | — | — | — | — | $172k | — | |
| Issuance Of Debt | — | — | — | — | — | — | $36.2m | $86.8m | $88.1m | $78.4m | $78.4m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $36.2m | $86.8m | $814k | $78.4m | $78.4m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($3.1m) | ($54.6m) | ($37.2m) | ($32.0m) | ($32.0m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $33.0m | $32.2m | $50.9m | $46.3m | $41.2m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $33.0m | $32.2m | ($36.4m) | $46.3m | $46.3m | |
| Net Short Term Debt Issuance | — | — | — | — | — | — | $0 | $0 | $87.3m | $0 | ($5.1m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($3.1m) | ($54.6m) | ($37.2m) | ($32.0m) | ($32.0m) | |
| Short Term Debt Payments | — | — | — | — | — | $0 | $0 | ($42.9m) | — | — | ($42.9m) | |
| Proceeds from Issuance of Common Stock | — | — | — | — | — | — | — | — | — | $4.5m | $31.5m | |
| Common Stock Issuance | — | — | — | — | — | — | $40k | $262k | $18.9m | $31.5m | $31.5m | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $40k | $262k | $18.9m | $31.5m | $31.5m | |
| Net Other Financing Charges | — | — | — | — | — | ($3.7m) | — | — | — | $654k | $654k | |
| Net Cash Provided by (Used in) Financing Activities | $190.1m |
$44.1m
-76.81%
|
($2.7m)
-106.06%
|
$5.9m
+320.16%
|
($47.6m)
-910.02%
|
$192.5m
+504.26%
|
$4.8m
-97.51%
|
$4.5m
-5.28%
|
$9.6m
+110.78%
|
$11.2m
+17.37%
|
$73.3m
+553.51%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($8.8m) | $696k | ($1.5m) | $841k | $3.3m | $62.3m | ($53.7m) | ($1.8m) | ($4.7m) | $6.8m | $18.2m | |
| Beginning Cash Position | — | — | — | — | — | — | $428.4m | $58.1m | $45.2m | $10.9m | $10.6m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | $67.2m | $8.4m | $6.4m | $1.5m | $8.4m | $18.2m | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | $251k | ($3.5m) | ($2.9m) | ($249k) | ($2.0m) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $1.1m | $137k | $38k | $0 | $7.3m | $0 | $0 | $779k | $214k | $205k | — | |
| Income Taxes Paid, Net | $0 | $0 | $0 | $0 | $1.1m | — | $0 | $0 | $0 | $19k | — | |
| Additional Financial Items | ||||||||||||
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | $1.8m | $18k | ($184k) | ($2.2m) | ($30k) | ($3.9m) | ($8.8m) | $22.4m | $7.3m | ($1.1m) | — | |
| Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax | — | — | — | — | — | — | — | ($276k) | — | — | — | |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | $1.8m | $18k | ($184k) | ($2.2m) | ($30k) | $12.3m | ($8.8m) | ($50k) | $7.3m | ($1.1m) | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | $13.1m | $3.0m | ($3.0m) | ($786k) | ($1.3m) | ($1.0m) | ($914k) | ($960k) | ($98k) | $427k | — | |
| Foreign Currency Transaction Gain (Loss), Unrealized | ($1.9m) | $3.0m | ($3.0m) | ($786k) | ($1.3m) | ($1.0m) | ($914k) | ($960k) | ($98k) | $427k | — | |
| General and Administrative Expense | $18.6m | $16.7m | $13.0m | $16.4m | $16.7m | $46.0m | $54.6m | $28.6m | $21.6m | $29.4m | — | |
| Goodwill | $1.5m | $0 | $0 | — | — | — | — | — | — | — | $114.1m | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | ($20.3m) | ($10.1m) | ($58.5m) | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | $22.1m | — | — | — | |
| Income Tax Expense (Benefit) | ($876k) | — | $0 | $0 | $1.1m | $0 | — | $0 | $0 | $16k | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $4.7m | $3.3m | — | |
| Investment Income, Interest | $23k | $5k | $28k | $3k | $66k | — | — | — | — | $64k | — | |
| Operating Expenses | $44.2m | $25.1m | $15.4m | $23.4m | ($51.6m) | $57.2m | $129.9m | $40.1m | $7.8m | $40.5m | — | |
| Operating Lease, Expense | — | — | — | $59k | $107k | $611k | $741k | $701k | $601k | $644k | — | |
| Proceeds from Contributed Capital | $8.3m | — | $0 | — | — | — | — | — | $151k | — | — | |
| Proceeds from Contributions from Affiliates | — | $3.1m | $0 | — | — | — | — | — | — | — | — | |
| Proceeds from Noncontrolling Interests | — | — | — | — | — | — | — | — | — | $164k | — | |
| Proceeds from Stock Options Exercised | $309k | — | $0 | — | — | — | — | — | — | — | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | — | $49k | $96k | $21.3m | $17.2m | $25.2m | $15.3m | $15.4m | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $33.1m | $32.5m | $69.8m | $78.5m | $73.3m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($249.6m) | $4.5m | ($57.0m) | $1.1m | ($7.0m) | |
| Change In Account Payable | — | — | — | — | — | — | $121.8m | $2.4m | ($1.3m) | $7.0m | $2.9m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($370.4m) | ($12.8m) | ($34.3m) | $47.6m | — | |
| Change In Income Tax Payable | — | — | — | — | — | — | $143k | ($149k) | ($36k) | $139k | ($108k) | |
| Change In Interest Payable | — | — | — | — | — | — | $1.2m | ($2.4m) | $1.2m | $0 | $0 | |
| Change In Other Working Capital | — | — | — | — | — | ($111.7m) | ($42.8m) | — | — | — | ($44.0m) | |
| Change In Payable | — | — | — | — | — | — | $121.9m | $2.2m | ($1.3m) | $7.5m | $2.9m | |
| Change In Prepaid Assets | — | — | — | — | — | — | $72.8m | $970k | ($2.8m) | ($3.6m) | ($10.9m) | |
| Change In Tax Payable | — | — | — | — | — | — | $143k | ($149k) | ($36k) | $139k | ($108k) | |
| Changes In Cash | — | — | — | — | — | — | ($370.6m) | ($9.4m) | ($31.4m) | $47.8m | $7.6m | |
| End Cash Position | — | — | — | — | — | — | $58.1m | $45.2m | $10.9m | $58.5m | $18.2m | |
| Financing Cash Flow | — | — | — | — | — | — | $33.1m |
$32.5m
-1.81%
|
$69.8m
+114.90%
|
$78.5m
+12.47%
|
$73.3m
-6.55%
|
|
| Free Cash Flow | — | — | — | — | — | — | ($402.9m) | ($48.4m) | ($62.2m) | ($43.7m) | ($70.6m) | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | ($37.2m) | ($23.2m) | ($45.0m) | $2.3m | ($3.1m) | |
| Gain Loss On Sale Of Business | — | — | — | — | — | — | $3.0m | ($160.2m) | $11.6m | $1.5m | $1.5m | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | ($8.8m) | ($50k) | $7.3m | ($1.1m) | ($1.1m) | |
| Investing Cash Flow | — | — | — | — | — | — | ($249.6m) | $4.5m | ($57.0m) | $1.1m | ($7.0m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $0 | ($85k) | ($10.7m) | ($426k) | ($426k) | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | — | — | — | ($7.6m) | ($36.7m) | ($125.8m) | ($30.5m) | ($19.2m) | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | — | $0 | $0 | ($18.0m) | $7.5m | $7.5m | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($5.7m) | $5.2m | ($28.4m) | $2.5m | $2.5m | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($248.4m) | ($2.1m) | $145k | ($1.4m) | ($1.4m) | |
| Operating Gains Losses | — | — | — | — | — | — | ($50.7m) | ($220.1m) | ($150.7m) | ($28.4m) | ($25.5m) | |
| Other Non Cash Items | — | — | — | — | — | — | ($3.6m) | ($132.1m) | $65.3m | $160.5m | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | $64.5m | $0 | $0 | — | — | $0 | |
| Provisionand Write Offof Assets | — | — | — | — | — | $619k | $20.8m | $0 | $0 | — | $0 | |
| Purchase Of Business | — | — | — | — | — | — | $0 | ($85k) | ($10.7m) | ($426k) | ($426k) | |
| Purchase Of Intangibles | — | — | — | — | — | — | $0 | $0 | ($18.0m) | ($10.5m) | ($10.5m) | |
| Purchase Of Investment | — | — | — | — | — | — | ($23.2m) | $0 | ($28.4m) | ($3.4m) | ($3.4m) | |
| Purchase Of PPE | — | — | — | — | — | — | ($248.8m) | ($2.1m) | $0 | ($1.4m) | ($12.0m) | |
| Sale Of Business | — | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Sale Of Investment | — | — | — | — | — | — | $17.4m | $5.2m | $5k | $5.9m | $5.9m | |
| Sale Of PPE | — | — | — | — | — | — | $407k | $4k | $145k | $89k | $0 | |
| Stock Based Compensation | — | — | — | — | — | — | $202.3m | $70.8m | $44.7m | $116.1m | $120.4m |