XML 139 R5.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Cash Flows
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
USD ($)
Dec. 31, 2014
CNY
Dec. 31, 2013
CNY
Dec. 31, 2012
CNY
CASH FLOWS FROM OPERATING ACTIVITIES        
Net income from continuing operations $ 15,279us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 94,796us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 80,431us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 126,886us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
Net income from discontinuing operations 4,106us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax 25,476us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax 10,765us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax 7,594us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax
Adjustments to reconcile net income to net cash generated from operating activities:        
Share-based compensation 1,185us-gaap_ShareBasedCompensation 7,349us-gaap_ShareBasedCompensation 8,804us-gaap_ShareBasedCompensation 9,084us-gaap_ShareBasedCompensation
Depreciation of property, plant and equipment 28,206us-gaap_Depreciation 175,008us-gaap_Depreciation 149,975us-gaap_Depreciation 119,919us-gaap_Depreciation
Amortization of intangible assets 3,717us-gaap_AmortizationOfIntangibleAssets 23,061us-gaap_AmortizationOfIntangibleAssets 29,669us-gaap_AmortizationOfIntangibleAssets 28,658us-gaap_AmortizationOfIntangibleAssets
Amortization of prepaid land lease payments 582us-gaap_AdjustmentForAmortization 3,610us-gaap_AdjustmentForAmortization 2,801us-gaap_AdjustmentForAmortization 1,637us-gaap_AdjustmentForAmortization
Share of net profit of equity investees (2,242)us-gaap_IncomeLossFromEquityMethodInvestments (13,911)us-gaap_IncomeLossFromEquityMethodInvestments (15,521)us-gaap_IncomeLossFromEquityMethodInvestments (1,790)us-gaap_IncomeLossFromEquityMethodInvestments
Other noncash income       (2,681)us-gaap_OtherNoncashIncome
Loss on disposal of property, plant and equipment, net 582ccm_NetGainLossOnSaleOfPropertyPlantEquipment 3,610ccm_NetGainLossOnSaleOfPropertyPlantEquipment 1,235ccm_NetGainLossOnSaleOfPropertyPlantEquipment 1,072ccm_NetGainLossOnSaleOfPropertyPlantEquipment
Amortization of acquired executory contracts     (822)us-gaap_AmortizationOfLeasedAsset (412)us-gaap_AmortizationOfLeasedAsset
Deferred tax benefits 3,756us-gaap_DeferredIncomeTaxesAndTaxCredits 23,307us-gaap_DeferredIncomeTaxesAndTaxCredits 3,361us-gaap_DeferredIncomeTaxesAndTaxCredits 1,869us-gaap_DeferredIncomeTaxesAndTaxCredits
Allowance for doubtful accounts, net (1,452)ccm_ProvisionForReductionOfDoubtfulAccounts (9,010)ccm_ProvisionForReductionOfDoubtfulAccounts   (12,966)ccm_ProvisionForReductionOfDoubtfulAccounts
Asset impairment   0us-gaap_AssetImpairmentCharges 0us-gaap_AssetImpairmentCharges 3,360us-gaap_AssetImpairmentCharges
Changes in fair value of derivatives 420us-gaap_DerivativeGainLossOnDerivativeNet 2,605us-gaap_DerivativeGainLossOnDerivativeNet    
Gain on disposal of CAH and WHT (note 4) (6,203)us-gaap_GainLossOnDispositionOfAssets1 (38,487)us-gaap_GainLossOnDispositionOfAssets1    
Changes in operating assets and liabilities net of effects of acquisition and disposals:        
Accounts receivable 726us-gaap_IncreaseDecreaseInAccountsReceivable 4,505us-gaap_IncreaseDecreaseInAccountsReceivable (102,187)us-gaap_IncreaseDecreaseInAccountsReceivable 9,870us-gaap_IncreaseDecreaseInAccountsReceivable
Prepayments and other current assets (811)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (5,029)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets 11,673us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (12,622)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Inventories 38us-gaap_IncreaseDecreaseInInventories 237us-gaap_IncreaseDecreaseInInventories (11,036)us-gaap_IncreaseDecreaseInInventories (362)us-gaap_IncreaseDecreaseInInventories
Amounts due from related parties (545)us-gaap_IncreaseDecreaseInDueFromRelatedParties (3,384)us-gaap_IncreaseDecreaseInDueFromRelatedParties (9,058)us-gaap_IncreaseDecreaseInDueFromRelatedParties (650)us-gaap_IncreaseDecreaseInDueFromRelatedParties
Amounts due to related parties (53)us-gaap_IncreaseDecreaseInDueToRelatedParties (326)us-gaap_IncreaseDecreaseInDueToRelatedParties (2,693)us-gaap_IncreaseDecreaseInDueToRelatedParties 5,109us-gaap_IncreaseDecreaseInDueToRelatedParties
Other non-current assets 5,840us-gaap_IncreaseDecreaseInOtherNoncurrentAssets 36,234us-gaap_IncreaseDecreaseInOtherNoncurrentAssets 7,025us-gaap_IncreaseDecreaseInOtherNoncurrentAssets 2,889us-gaap_IncreaseDecreaseInOtherNoncurrentAssets
Deposits for the purchases of land use rights     (27,427)us-gaap_PaymentsToAcquireIntangibleAssets (25,451)us-gaap_PaymentsToAcquireIntangibleAssets
Accounts payable 5,043us-gaap_IncreaseDecreaseInAccountsPayable 31,288us-gaap_IncreaseDecreaseInAccountsPayable 48,646us-gaap_IncreaseDecreaseInAccountsPayable (6,966)us-gaap_IncreaseDecreaseInAccountsPayable
Accrued expenses and other liabilities 5,720us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities 35,488us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities 36,966us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities (1,975)us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
Deferred revenue 1,796us-gaap_IncreaseDecreaseInDeferredRevenue 11,146us-gaap_IncreaseDecreaseInDeferredRevenue (4,362)us-gaap_IncreaseDecreaseInDeferredRevenue (2,842)us-gaap_IncreaseDecreaseInDeferredRevenue
Income tax payable 3,610us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable 22,397us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable 23,024us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable 1,610us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable
Accrued unrecognized tax benefit 9,736ccm_IncreaseDecreaseInAccruedUnrecognizedTaxBenefit 60,411ccm_IncreaseDecreaseInAccruedUnrecognizedTaxBenefit 17,764ccm_IncreaseDecreaseInAccruedUnrecognizedTaxBenefit 8,675ccm_IncreaseDecreaseInAccruedUnrecognizedTaxBenefit
Net cash generated from operating activities 79,036us-gaap_NetCashProvidedByUsedInOperatingActivities 490,381us-gaap_NetCashProvidedByUsedInOperatingActivities 259,033us-gaap_NetCashProvidedByUsedInOperatingActivities 259,515us-gaap_NetCashProvidedByUsedInOperatingActivities
CASH FLOWS FROM INVESTING ACTIVITIES        
Purchase of held to maturity securities     (30,000)us-gaap_PaymentsToAcquireHeldToMaturitySecurities  
Maturity of held to maturity securities     30,000ccm_ProceedsFromMaturityOfHeldToMaturitySecurities 100,466ccm_ProceedsFromMaturityOfHeldToMaturitySecurities
Maturity of the time deposit       50,372ccm_PaymentsForFixedTermBankDeposit
Investments in equity method investees (1,053)us-gaap_PaymentsToAcquireEquityMethodInvestments (6,534)us-gaap_PaymentsToAcquireEquityMethodInvestments (2,640)us-gaap_PaymentsToAcquireEquityMethodInvestments (228,696)us-gaap_PaymentsToAcquireEquityMethodInvestments
Acquisitions, net of cash acquired (note 4)       (223,403)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
Disposal net of cash disposed (note 4) 45,151us-gaap_ProceedsFromDivestitureOfBusinessesNetOfCashDivested 280,142us-gaap_ProceedsFromDivestitureOfBusinessesNetOfCashDivested    
Purchase of subsidiary shares from noncontrolling interests     (1,500)us-gaap_PaymentsToAcquireInterestInSubsidiariesAndAffiliates  
Acquisition of property, plant and equipment (8,297)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (51,480)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (74,553)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (65,904)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Deposits for the purchases of property, plant and equipment (9,408)ccm_PaymentsForProceedsFromAcquisitionsOfProductiveAssets (58,370)ccm_PaymentsForProceedsFromAcquisitionsOfProductiveAssets (85,448)ccm_PaymentsForProceedsFromAcquisitionsOfProductiveAssets (218,833)ccm_PaymentsForProceedsFromAcquisitionsOfProductiveAssets
Refund of deposits for the purchase of property, plant and equipment     11,357ccm_ProceedsFromRefundsFromSuppliersOfPropertyPlantAndEquipment  
Proceeds from disposal of property, plant and equipment 4,477us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 27,779us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 6,500us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment 4,707us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment
Proceeds from principal portion of direct financing leases 18,910us-gaap_ProceedsFromCollectionOfFinanceReceivables 117,328us-gaap_ProceedsFromCollectionOfFinanceReceivables 47,319us-gaap_ProceedsFromCollectionOfFinanceReceivables 37,426us-gaap_ProceedsFromCollectionOfFinanceReceivables
Net investment in direct financing leases (7,058)us-gaap_PaymentsToAcquireLeaseReceivables (43,794)us-gaap_PaymentsToAcquireLeaseReceivables (59,289)us-gaap_PaymentsToAcquireLeaseReceivables (115,425)us-gaap_PaymentsToAcquireLeaseReceivables
Cash distribution from equity investees 3,543us-gaap_ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital 21,984us-gaap_ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital 24,714us-gaap_ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital  
Net cash (used in) generated from investing activities 46,265us-gaap_NetCashProvidedByUsedInInvestingActivities 287,055us-gaap_NetCashProvidedByUsedInInvestingActivities (133,540)us-gaap_NetCashProvidedByUsedInInvestingActivities (659,290)us-gaap_NetCashProvidedByUsedInInvestingActivities
CASH FLOWS FROM FINANCING ACTIVITIES        
Proceeds from short-term bank borrowings 1,451us-gaap_ProceedsFromShortTermDebt 9,000us-gaap_ProceedsFromShortTermDebt 190,692us-gaap_ProceedsFromShortTermDebt 258,083us-gaap_ProceedsFromShortTermDebt
Proceeds from long-term bank borrowings 47,044us-gaap_ProceedsFromIssuanceOfLongTermDebt 291,892us-gaap_ProceedsFromIssuanceOfLongTermDebt 407,969us-gaap_ProceedsFromIssuanceOfLongTermDebt 518,749us-gaap_ProceedsFromIssuanceOfLongTermDebt
Repayment of obligations under capital leases (1,381)ccm_ProceedsFromRepaymentsOfLongTermCapitalLeaseObligations (8,567)ccm_ProceedsFromRepaymentsOfLongTermCapitalLeaseObligations (2,117)ccm_ProceedsFromRepaymentsOfLongTermCapitalLeaseObligations (3,354)ccm_ProceedsFromRepaymentsOfLongTermCapitalLeaseObligations
Repayment of short-term bank borrowings (17,820)us-gaap_RepaymentsOfShortTermDebt (110,569)us-gaap_RepaymentsOfShortTermDebt (79,246)us-gaap_RepaymentsOfShortTermDebt (2,000)us-gaap_RepaymentsOfShortTermDebt
Repayment of long-term bank borrowings (44,050)us-gaap_RepaymentsOfLongTermDebt (273,310)us-gaap_RepaymentsOfLongTermDebt (302,058)us-gaap_RepaymentsOfLongTermDebt (112,554)us-gaap_RepaymentsOfLongTermDebt
Increase in restricted cash (12,898)us-gaap_ProceedsFromRepaymentsOfRestrictedCashFinancingActivities (80,028)us-gaap_ProceedsFromRepaymentsOfRestrictedCashFinancingActivities (138,093)us-gaap_ProceedsFromRepaymentsOfRestrictedCashFinancingActivities (259,523)us-gaap_ProceedsFromRepaymentsOfRestrictedCashFinancingActivities
Dividends paid to ordinary shareholders (73,101)us-gaap_PaymentsOfDividendsCommonStock (453,562)us-gaap_PaymentsOfDividendsCommonStock    
Proceeds received from sales lease back 7,414us-gaap_SaleLeasebackTransactionGrossProceedsFinancingActivities 46,000us-gaap_SaleLeasebackTransactionGrossProceedsFinancingActivities    
Repurchase of ordinary shares     (6,015)us-gaap_PaymentsForRepurchaseOfCommonStock (43,469)us-gaap_PaymentsForRepurchaseOfCommonStock
Increase in loan to a noncontrolling interest of a subsidiary       (100,000)us-gaap_ProceedsFromPaymentsForOtherFinancingActivities
Repayment of loan from a noncontrolling shareholder of a subsidiary     6,590us-gaap_RepaymentsOfRelatedPartyDebt  
Net cash generated from (used in) financing activities (93,341)us-gaap_NetCashProvidedByUsedInFinancingActivities (579,144)us-gaap_NetCashProvidedByUsedInFinancingActivities 77,722us-gaap_NetCashProvidedByUsedInFinancingActivities 255,932us-gaap_NetCashProvidedByUsedInFinancingActivities
Exchange rate effect on cash (427)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (2,643)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 4,436us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 147us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net (decrease) increase in cash 31,533us-gaap_CashPeriodIncreaseDecrease 195,649us-gaap_CashPeriodIncreaseDecrease 207,651us-gaap_CashPeriodIncreaseDecrease (143,696)us-gaap_CashPeriodIncreaseDecrease
Cash at beginning of year 45,617us-gaap_Cash 283,033us-gaap_Cash 75,382us-gaap_Cash 219,078us-gaap_Cash
Cash at end of year 77,150us-gaap_Cash 478,682us-gaap_Cash 283,033us-gaap_Cash 75,382us-gaap_Cash
Supplemental schedule of cash flows information:        
Income tax paid (5,553)us-gaap_IncomeTaxesPaid (34,452)us-gaap_IncomeTaxesPaid (6,318)us-gaap_IncomeTaxesPaid (50,474)us-gaap_IncomeTaxesPaid
Interest paid (net of amounts capitalized) (8,618)us-gaap_InterestPaidCapitalized (53,470)us-gaap_InterestPaidCapitalized (37,527)us-gaap_InterestPaidCapitalized (16,255)us-gaap_InterestPaidCapitalized
Supplemental schedule of non-cash activities:        
Acquisition of property, plant and equipment and other intangible assets through utilization of deposits 4,431us-gaap_FairValueOfAssetsAcquired 27,492us-gaap_FairValueOfAssetsAcquired 74,267us-gaap_FairValueOfAssetsAcquired 221,291us-gaap_FairValueOfAssetsAcquired
Acquisition of property, plant and equipment included in accrual for purchase of property, plant and equipment 245us-gaap_CapitalExpendituresIncurredButNotYetPaid 1,519us-gaap_CapitalExpendituresIncurredButNotYetPaid 9,050us-gaap_CapitalExpendituresIncurredButNotYetPaid  
Acquisition of net investment in financing lease through utilization of deposits     27,940ccm_AcquisitionOfInvestmentsInFinancingFromDeposits 52,881ccm_AcquisitionOfInvestmentsInFinancingFromDeposits
Consideration of acquisition of CAH due to effective settlement of preexisting balance as the result of the business combination       128,573us-gaap_ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets
Contribution by the noncontrolling shareholder - JWYK of intangible assets       4,900us-gaap_ContributionOfProperty
Deposit for land use right transfer to land use right     25,451us-gaap_TransferToInvestments