← Sound Group Inc.
| Annual Trend | 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 | — | ($9.3m) | ($19.1m) | ($12.6m) | ($20.0m) | $86.5m | ($134.5m) | ($81.0m) | $220.6m | $220.6m | |
| Net Income (Loss) Available to Common Stockholders, Basic | — | ($225.5m) |
($154.1m)
+31.65%
|
($36.2m)
+76.51%
|
($20.0m)
+44.85%
|
$12.5m
+162.82%
|
($17.8m)
-242.21%
|
($9.5m)
+46.56%
|
$32.4m
+439.73%
|
— | |
| 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 | $22.2m | |
| Depreciation Expense | $2.5m | $5.8m | $10.8m | $17.7m | $19.2m | $18.1m | $13.2m | $10.7m | $6.9m | $22.9m | |
| Amortization of Intangibles | $3.4m | $3.9m | $1.8m | $1.6m | $1.7m | $1.2m | $983k | $661k | $759k | $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 | $22.9m | |
| Share-based Payment Arrangement, Noncash Expense | — | — | — | $7.8m | $5.9m | $4.2m | $3.8m | $1.9m | $646k | $4.5m | |
| Share-based Payment Arrangement, Expense | — | $0 | $0 | $7.8m | $5.9m | $4.2m | $3.8m | $1.9m | $646k | $4.5m | |
| Share-based Payment Arrangement, Expensed and Capitalized, Amount | — | — | — | $0 | — | — | — | — | — | $4.5m | |
| Share-based compensation | — | — | — | $50.7m | $37.4m | $29.2m | $26.8m | $14.2m | $4.5m | $4.5m | |
| Impairment of Intangible Assets, Finite-lived | — | — | — | — | — | — | $0 | $0 | $0 | — | |
| Operating Lease, Impairment Loss | — | — | — | — | — | — | — | — | $159k | — | |
| Asset Impairment Charge | — | — | — | — | — | — | $0 | $0 | $1.1m | $1.1m | |
| Income (Loss) from Equity Method Investments | — | ($458k) | — | $190k | $73k | $319k | — | — | — | — | |
| Other Nonoperating Income (Expense) | — | ($675k) | ($294k) | ($609k) | ($75k) | $282k | ($504k) | $606k | ($298k) | — | |
| Changes in operating assets and liabilities: | |||||||||||
| Change In Working Capital | — | — | — | — | — | ($14.3m) | ($132.0m) | $8.1m | $28.4m | $28.4m | |
| Increase (Decrease) in Accounts Receivable | — | ($6.2m) | ($504k) | $825k | ($299k) | ($468k) | ($231k) | ($65k) | ($6k) | $41k | |
| Accounts Receivable, Credit Loss Expense (Reversal) | — | — | — | — | — | — | $12.8m | — | — | $41k | |
| Accounts receivable | ($3.6m) | $6.2m | $3.5m | ($5.4m) | $1.9m | $3.2m | $1.6m | $475k | $41k | $41k | |
| Change In Receivables | — | — | — | — | — | $3.2m | $1.6m | $475k | $41k | $41k | |
| Changes In Account Receivables | — | — | — | — | — | $3.2m | $1.6m | $475k | $41k | $41k | |
| Increase (Decrease) in Accounts Payable | — | $24.3m | ($634k) | $915k | $396k | ($3.9m) | ($1.5m) | ($521k) | $2.8m | $19.4m | |
| Accounts payable | $41.0m | $24.3m | ($4.4m) | $6.0m | $2.5m | ($27.0m) | ($10.6m) | ($3.8m) | $19.4m | $19.4m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | ($20.9m) | ($10.7m) | $24.2m | $52.6m | $19.4m | |
| Purchases of property and equipment, accrued but unpaid | — | $14.2m | $4.0m | $3.3m | $3.1m | $1.7m | $840k | $1.5m | $493k | ($4.1m) | |
| Deferred revenue | $4.8m | $4.8m | $3.9m | $2.5m | $3.7m | $15.0m | ($6.4m) | $1.7m | $7.3m | — | |
| Accrued expenses and other current liabilities | $66.2m | ($47.0m) | $8.6m | $14.3m | $2.9m | ($6.0m) | $31k | $29.7m | ($13.3m) | — | |
| Change In Accrued Expense | — | — | — | — | — | ($6.0m) | $31k | $29.7m | ($13.3m) | ($13.3m) | |
| Prepayments and other current assets | ($8.6m) | $6.0m | ($12.8m) | ($5.0m) | ($15.9m) | $4.0m | ($94.6m) | ($432k) | ($16.2m) | — | |
| Change In Other Current Liabilities | — | — | — | — | — | ($15.7m) | ($22.0m) | ($17.8m) | ($15.3m) | ($15.3m) | |
| Net Cash Provided by (Used in) Operating Activities | ($31.3m) |
$14.0m
+144.56%
|
($13.8m)
-198.51%
|
$6.1m
+144.57%
|
($6.3m)
-203.47%
|
$19.8m
+411.51%
|
($16.5m)
-183.44%
|
($3.6m)
+78.01%
|
$40.0m
+1204.66%
|
$280.0m
+599.31%
|
|
| Cash flows from investing activities: | |||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | — | — | — | $4k | — | ($15k) | $62k | ($12k) | $381k | $2.4m | |
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | — | ($28k) | — | $105k | ($438k) | $90k | ($54k) | $2.4m | |
| Payments to Acquire Property, Plant, and Equipment | ($7.9m) | $14.2m | $4.0m | $3.3m | $3.1m | $1.7m | $840k | $1.5m | $493k | ($4.1m) | |
| Purchase of short-term investments | — | — | — | ($86.3m) | — | ($191.0m) | — | ($125.0m) | ($247.0m) | — | |
| Proceeds from Maturities of Investments | — | — | — | $14.5m | $73.0m | $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) | ($3.8m) | |
| 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 | $0 | |
| Net Issuance Payments Of Debt | — | — | — | — | — | $4.8m | ($74.0m) | $7.2m | ($7.2m) | ($7.2m) | |
| Net Short Term Debt Issuance | — | — | — | — | — | $4.8m | ($74.0m) | $7.2m | ($7.2m) | ($7.2m) | |
| Short Term Debt Issuance | — | — | — | — | — | $72.0m | $40.9m | $18.4m | $0 | $0 | |
| Repayment Of Debt | — | — | — | — | — | ($67.2m) | ($114.9m) | ($11.2m) | ($7.2m) | ($7.2m) | |
| Short Term Debt Payments | — | — | — | — | — | ($67.2m) | ($114.9m) | ($11.2m) | ($7.2m) | ($7.2m) | |
| Issuance Of Capital Stock | — | — | — | — | $183.2m | $0 | $0 | $0 | — | $0 | |
| Repurchase Of Capital Stock | — | — | — | — | — | $0 | $0 | ($10.2m) | ($28.8m) | ($28.8m) | |
| Proceeds from Issuance of Common Stock | — | — | — | $39.7m | $28.7m | — | — | — | — | $0 | |
| Common Stock Issuance | — | — | — | — | $183.2m | $0 | $0 | $0 | — | $0 | |
| Net Common Stock Issuance | — | — | — | — | — | $0 | $0 | ($10.2m) | ($28.8m) | ($28.8m) | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | — | $130k | $10.2m | $28.8m | — | |
| Common Stock Payments | — | — | — | — | — | $0 | $0 | ($10.2m) | ($28.8m) | ($28.8m) | |
| Dividends Payable | — | — | — | — | — | — | — | — | $0 | — | |
| Cash Dividends Paid | — | — | — | — | — | — | $0 | $0 | ($30.3m) | ($30.3m) | |
| Net Cash Provided by (Used in) Financing Activities | — | — | — | $45.7m |
$33.4m
-26.93%
|
$692k
-97.93%
|
($10.1m)
-1558.67%
|
($410k)
+95.94%
|
($9.5m)
-2208.78%
|
($66.2m)
-599.36%
|
|
| 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, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | $36.2m | $34.3m | $6.0m | ($11.4m) | ($6.1m) | $29.6m | $659.9m | |
| Beginning Cash Position | — | — | — | — | — | $537.4m | $578.5m | $497.6m | $453.2m | $453.2m | |
| Cash, cash equivalents and restricted cash at beginning of the year | — | — | — | — | — | — | $497.6m | $453.2m | $659.9m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $48.9m | $84.3m | $83.9m | $70.1m | $62.1m | $94.4m | $659.9m | |
| 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 | — | |
| Effect of Exchange Rate on Cash | — | $2.5m | $2.2m | ($7.0m) | ($6.1m) | $22.8m | $2.2m | ($3.0m) | ($3.3m) | ($3.3m) | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | $22.8m | $2.2m | ($3.0m) | ($3.3m) | ($3.3m) | |
| Additional Supplementary Disclosures | |||||||||||
| Additional Supplementary Disclosures | |||||||||||
| Income Tax Expense (Benefit) | — | — | — | $153k | $59k | $30k | $61k | $447k | $398k | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | $57k | — | — | |
| Noncash investing and financing activities: | |||||||||||
| Additional Financial Items | |||||||||||
| 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 | — | |
| 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) | — | |
| 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 | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | $4.8m | ($71.7m) | ($3.0m) | ($66.2m) | ($66.2m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | ($122.8m) | $105.7m | ($12.0m) | ($3.8m) | ($3.8m) | |
| Change In Account Payable | — | — | — | — | — | ($27.0m) | ($10.6m) | ($3.8m) | $19.4m | $19.4m | |
| Change In Income Tax Payable | — | — | — | — | — | $537k | ($549k) | $3.5m | $2.2m | $2.2m | |
| Change In Other Working Capital | — | — | — | — | — | $15.0m | ($6.4m) | $1.7m | $7.3m | $7.3m | |
| Change In Payable | — | — | — | — | — | ($14.9m) | ($10.7m) | ($5.5m) | $65.9m | $19.4m | |
| Change In Prepaid Assets | — | — | — | — | — | $4.0m | ($94.6m) | ($432k) | ($16.2m) | ($16.2m) | |
| Change In Tax Payable | — | — | — | — | — | $537k | ($549k) | $3.5m | $2.2m | $2.2m | |
| Changes In Cash | — | — | — | — | — | $18.3m | ($83.1m) | ($41.4m) | $210.0m | $210.0m | |
| End Cash Position | — | — | — | — | — | $578.5m | $497.6m | $453.2m | $659.9m | $659.9m | |
| Financing Cash Flow | — | — | — | — | — | $4.8m |
($71.7m)
-1602.28%
|
($3.0m)
+95.82%
|
($66.2m)
-2111.12%
|
($66.2m)
0.00%
|
|
| Free Cash Flow | — | — | — | — | — | $124.4m | ($124.3m) | ($38.6m) | $275.9m | $275.9m | |
| Gain Loss On Investment Securities | — | — | — | — | — | ($331k) | ($188k) | ($919k) | $996k | $996k | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | $105k | ($438k) | $90k | $381k | $381k | |
| Investing Cash Flow | — | — | — | — | — | ($122.8m) | $105.7m | ($12.0m) | ($3.8m) | ($3.8m) | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | — | — | $1.1m | $1.5m | $4.2m | $1.0m | $1.0m | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | ($149k) | ($1.3m) | ($1.1m) | ($670k) | ($670k) | |
| Net PPE Purchase And Sale | — | — | — | — | — | ($11.6m) | ($4.1m) | ($10.9m) | ($3.1m) | ($3.1m) | |
| Operating Gains Losses | — | — | — | — | — | $826k | $862k | $3.4m | $2.4m | $2.4m | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | $5k | $5k | $7k | $26k | $26k | |
| Provisionand Write Offof Assets | — | — | — | — | — | $0 | $90.8m | $0 | $69k | $69k | |
| Purchase Of Intangibles | — | — | — | — | — | ($149k) | ($1.3m) | ($1.1m) | ($670k) | ($670k) | |
| Purchase Of PPE | — | — | — | — | — | ($11.7m) | ($6.0m) | ($11.1m) | ($3.4m) | ($4.1m) | |
| Sale Of PPE | — | — | — | — | — | $79k | $1.9m | $197k | $317k | $317k | |
| Stock Based Compensation | — | — | — | — | — | $29.2m | $26.8m | $14.2m | $4.5m | $4.5m | |
| Net Investment Purchase And Sale | — | — | — | — | — | ($111.0m) | $111.0m | $0 | $0 | $0 | |
| Purchase Of Investment | — | — | — | — | — | ($191.0m) | $0 | ($125.0m) | ($247.0m) | ($247.0m) | |
| Sale Of Investment | — | — | — | — | — | $80.0m | $111.0m | $125.0m | $247.0m | $247.0m | |
| Proceeds from Noncontrolling Interests | — | — | — | — | — | — | $324k | — | — | — | |
| Cash and cash equivalents | $206.5m | $205.6m | $82.7m | — | $533.3m | $568.2m | $495.0m | $441.9m | $655.1m | $453.2m | |
| 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 | — |