Gulf Resources, Inc.
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $8.0M | $36.2M | $34.1M | $17.9M | $21.0M | $15.0M | $31.0M | $51.3M |
| Depreciation & Amortization | $19.9M | $24.6M | $28.7M | $27.3M | $27.1M | $23.3M | $17.7M | $11.1M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | $660.0K | $493.8K | $424.5K | — |
| Stock-Based Compensation | $372.4K | $40.3K | $374.6K | $346.1K | $544.9K | $510.5K | $7.5M | $1.3M |
| Net Cash from Operating Activities | $62.8M | $55.2M | $70.4M | $46.6M | $40.2M | $24.8M | $59.0M | $58.0M |
| Investing Activities | ||||||||
| Capital Expenditures | $17.9M | $17.0M | $22.9M | $6.5M | $3.2M | $37.4M | $52.9M | $39.5M |
| Business Acquisitions | — | $0 | $66.3M | — | — | — | — | — |
| Net Cash from Investing Activities | $-28.4M | $-15.0M | $-75.8M | $-7.2M | $37.9K | $-37.9M | $-52.0M | $-39.1M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | $0 | $37.7K | $61.7K | — | $0 | $500.0K | — |
| Net Cash from Financing Activities | $-273.9K | $-287.4K | $-344.4K | $-366.5K | $-302.5K | $-297.6K | $-788.7K | $2.2M |
| Net Change in Cash | — | — | — | — | — | — | — | — |
| Free Cash Flow | $44.8M | $38.2M | $47.5M | $40.0M | $37.0M | $-12.6M | $6.1M | $18.5M |