CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands |
12 Months Ended |
Jun. 30, 2018 |
Jun. 30, 2017 |
Jun. 30, 2016 |
| Cash flows from operating activities: |
|
|
|
| Net income |
$ 107,437
|
$ 68,969
|
$ 123,504
|
| Adjustments to reconcile net income to net cash provided by operating activities: |
|
|
|
| Depreciation of property, plant and equipment |
8,217
|
8,752
|
6,266
|
| Amortization of prepaid land leases |
270
|
261
|
281
|
| Amortization of intangible assets |
801
|
623
|
818
|
| Allowance for doubtful accounts |
8,033
|
9,760
|
10,918
|
| Loss (gain) on disposal of long-lived assets |
(2,053)
|
596
|
224
|
| Impairment loss on property, plant and equipment |
0
|
361
|
0
|
| Goodwill impairment charge |
0
|
11,211
|
0
|
| Share of net (income) loss of equity investees |
1,571
|
(3,607)
|
(7,834)
|
| Gains on deconsolidation of the Company's interests in HollyCon |
0
|
(14,514)
|
0
|
| Gain on disposal of a subsidiary |
0
|
(628)
|
0
|
| Share-based compensation expenses |
1,207
|
464
|
3,860
|
| Deferred income tax (benefit) expenses |
(1,525)
|
2,133
|
(462)
|
| Acquisition-related consideration fair value adjustments |
0
|
0
|
(1,745)
|
| Accretion of convertible bond |
230
|
230
|
230
|
| Fair value adjustments of a bifurcated derivative |
(75)
|
89
|
93
|
| Changes in operating assets and liabilities: |
|
|
|
| Accounts receivable |
(28,283)
|
(23,441)
|
(16,413)
|
| Costs and estimated earnings in excess of billings |
1,817
|
21,945
|
(36,971)
|
| Inventories |
(11,429)
|
(10,701)
|
(4,607)
|
| Advances to suppliers |
232
|
881
|
2,497
|
| Other receivables |
(9,973)
|
(6,767)
|
(2,481)
|
| Deposits and other assets |
19,389
|
(12,698)
|
(674)
|
| Due from related parties |
1,286
|
(6,819)
|
8,226
|
| Accounts payable |
4,113
|
23,563
|
8,272
|
| Deferred revenue |
28,150
|
28,168
|
(47,637)
|
| Accruals and other payables |
(3,163)
|
(21,013)
|
5,015
|
| Due to related parties |
3,023
|
801
|
351
|
| Income tax payable |
(1,124)
|
(1,779)
|
(4,558)
|
| Other tax payables |
(2,959)
|
(7,027)
|
(436)
|
| Net cash provided by operating activities |
125,192
|
69,813
|
46,737
|
| Cash flows from investing activities: |
|
|
|
| Time deposits placed with banks |
(179,194)
|
(154,810)
|
(107,118)
|
| Purchases of property, plant and equipment |
(2,304)
|
(3,711)
|
(7,887)
|
| Maturity of time deposits |
137,839
|
89,262
|
112,013
|
| Proceeds from disposal of property, plant and equipment |
376
|
64
|
74
|
| Investment of equity/cost investees |
(5,882)
|
(2,654)
|
0
|
| Net cash reduced upon deconsolidation of a subsidiary |
0
|
(16,140)
|
0
|
| Acquisition of a subsidiary, net of cash acquired |
(583)
|
(1,652)
|
0
|
| Return of investment from a cost investee |
0
|
88
|
0
|
| Proceeds from sale of shares of a subsidiary |
0
|
0
|
464
|
| Net cash used in investing activities |
(49,748)
|
(89,553)
|
(2,454)
|
| Cash flows from financing activities: |
|
|
|
| Proceeds from short-term bank loans |
5,942
|
10,061
|
4,138
|
| Repayments of short-term bank loans |
(11,334)
|
(4,932)
|
(17,020)
|
| Proceeds from long-term bank loans |
984
|
461
|
2,606
|
| Repayments of long-term bank loans |
(548)
|
(7,350)
|
(9,681)
|
| Proceeds from exercise of options |
0
|
6,322
|
5,441
|
| Payment of dividends |
(7,241)
|
(11,975)
|
0
|
| Proceeds from issuance of shares of a subsidiary |
0
|
0
|
7,736
|
| Net cash used in financing activities |
(12,197)
|
(7,413)
|
(6,780)
|
| Effect of foreign exchange rate changes |
4,788
|
(4,302)
|
(16,242)
|
| Net increase (decrease) in cash and cash equivalents |
68,035
|
(31,455)
|
21,261
|
| Cash and cash equivalents, beginning of year |
197,640
|
229,095
|
207,834
|
| Cash and cash equivalents, end of year |
265,675
|
197,640
|
229,095
|
| Supplementary disclosures of cash flow information: |
|
|
|
| Interest |
462
|
727
|
1,048
|
| Income tax |
24,896
|
13,918
|
19,099
|
| Supplementary disclosures of significant non-cash transactions: |
|
|
|
| Acquisition of property, plant and equipment included in construction costs payable and accrued liabilities |
4,374
|
7,266
|
4,439
|
| Issuance of ordinary shares as purchase consideration in connection with the acquisition of Bond Group |
$ 0
|
$ 0
|
$ 13,336
|