Daqo New Energy Corp.
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $92.8M | $43.5M | $13.0M | $16.6M | $-70.9M | $-111.9M | $33.3M | $68.6M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | $27.8M | $22.6M | $31.4M | $28.0M | $52.3M | $37.4M | $35.5M | $30.8M |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $4.2M | $2.7M | $3.7M | $1.8M | $1.9M | $2.2M | $2.2M | $1.6M |
| Net Cash from Operating Activities | $142.7M | $98.7M | $66.4M | $45.6M | $-16.5M | $-10.3M | $44.9M | $125.6M |
| Investing Activities | ||||||||
| Capital Expenditures | $64.1M | $66.5M | $81.4M | $77.0M | $32.5M | $105.7M | $252.7M | $57.7M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-67.9M | $-68.1M | $-74.1M | — | — | $-102.9M | $-274.1M | $-49.8M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | $1.4M | — | — | $500.7K | — | — |
| Net Cash from Financing Activities | $-37.4M | $-30.3M | $15.2M | — | — | $27.1M | $112.8M | $45.6M |
| Net Change in Cash | $40.8M | $-1.7M | $7.4M | $-762.6K | $1.2M | $-86.0M | $-110.9M | $122.2M |
| Free Cash Flow | $78.6M | $32.2M | $-14.9M | $-31.4M | $-49.0M | $-116.0M | $-207.8M | $68.0M |