Cash flow Canaan Inc.

Equities

CAN

US1347481020

Blockchain & Cryptocurrency

Market Closed - Nasdaq Other stock markets 04:00:00 2025-06-17 pm EDT			5-day change	1st Jan Change
0.6560 ^USD	-6.79%		-3.44%	-68.00%

Jun. 17	Asian Equities Traded in the US as American Depositary Receipts Lower in Tuesday Trading	MT
Jun. 16	Asian Equities Traded in the US as American Depositary Receipts Surge Higher in Monday Trading	MT

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Published financial data: CANAAN INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	447M	4.96B	4.16B	177M	223M
Other Revenues, Total	901K	22.04M	219M	34.58M	46.09M
Total Revenues	448M	4.99B	4.38B	211M	269M
Cost of Goods Sold, Total	410M	2.14B	2.83B	452M	354M
Gross Profit	37.76M	2.85B	1.55B	-241M	-84.32M
Selling General & Admin Expenses, Total	152M	690M	643M	79.42M	77.4M
R&D Expenses	140M	333M	547M	64.84M	61.32M
Other Operating Expenses	-	-	52.96M	4.71M	-
Other Operating Expenses, Total	292M	1.02B	1.24B	149M	139M
Operating Income	-254M	1.83B	305M	-390M	-223M
Interest Expense, Total	-3.59M	-	-	-	-521K
Interest And Investment Income	9M	7.59M	15.94M	956K	536K
Net Interest Expenses	5.41M	7.59M	15.94M	956K	15K
Currency Exchange Gains (Loss)	2.42M	17.89M	243M	12.31M	14.14M
Other Non Operating Income (Expenses)	28.48M	197M	46.75M	-8.68M	91.44M
EBT, Excl. Unusual Items	-218M	2.05B	610M	-385M	-117M
Gain (Loss) On Sale Of Investments	2.48M	25K	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	7.22M
Asset Writedown	-	-	-	-21.13M	-11.3M
Other Unusual Items	-	-	-	-59.2M	-50.72M
EBT, Incl. Unusual Items	-215M	2.05B	610M	-465M	-172M
Income Tax Expense	-	50.11M	124M	-51.34M	77.48M
Earnings From Continuing Operations	-215M	2B	486M	-414M	-250M
Net Income to Company	-215M	2B	486M	-414M	-250M
Net Income - (IS)	-215M	2B	486M	-414M	-250M
Net Income to Common Incl Extra Items	-215M	2B	486M	-414M	-250M
Net Income to Common Excl. Extra Items	-215M	2B	486M	-414M	-250M
Per Share Items
Net EPS - Basic	-1.38	11.9	2.85	-2.41	-0.92
Basic EPS - Continuing Operations	-1.38	11.9	2.85	-2.41	-0.92
Basic Weighted Average Shares Outstanding	156M	168M	171M	172M	271M
Net EPS - Diluted	-1.38	11.65	2.83	-2.41	-0.92
Diluted EPS - Continuing Operations	-1.38	11.65	2.83	-2.41	-0.92
Diluted Weighted Average Shares Outstanding	156M	172M	172M	172M	271M
Normalized Basic EPS	-0.87	7.62	2.24	-1.4	-0.27
Normalized Diluted EPS	-0.87	7.46	2.22	-1.4	-0.27
American Depositary Receipts Ratio (ADR)	15	15	15	15	15
Supplemental Items
EBITDA	-223M	1.84B	531M	-330M	-195M
EBITA	-254M	1.83B	305M	-390M	-223M
EBIT	-254M	1.83B	305M	-390M	-223M
EBITDAR	-222M	1.84B	533M	-330M	-194M
Total Revenues (As Reported)	448M	4.99B	4.38B	211M	269M
Effective Tax Rate - (Ratio)	-	2.44	20.32	11.03	-44.98
Total Current Taxes	-	149M	218M	-5.65M	11.33M
Total Deferred Taxes	-	-99.04M	-93.85M	-45.69M	66.15M
Normalized Net Income	-136M	1.28B	381M	-241M	-73.41M
Interest on Long-Term Debt	1.94M	1.61M	1.34M	115K	90K
Supplemental Operating Expense Items
Advertising Expense	3.7M	4.46M	6.77M	1.64M	535K
Selling and Marketing Expenses	19.98M	100M	62.97M	8.18M	5.71M
General and Administrative Expenses	131M	589M	579M	70.83M	71.13M
Research And Development Expense From Footnotes	140M	333M	547M	64.84M	61.32M
Net Rental Expense, Total	505K	443K	1.51M	417K	563K
Imputed Operating Lease Interest Expense	167K	-	-	-	166K
Imputed Operating Lease Depreciation	338K	-	-	-	397K
Stock-Based Comp., COGS (Total)	-	269K	990K	207K	312K
Stock-Based Comp., R&D Exp. (Total)	652K	99.17M	66.06M	9.1M	7.29M
Stock-Based Comp., S&M Exp. (Total)	41K	8.24M	16.26M	234K	156K
Stock-Based Comp., G&A Exp. (Total)	2.26M	384M	324M	32.54M	23.16M
Total Stock-Based Compensation	2.95M	491M	407M	42.07M	30.92M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	391M	2.68B	707M	96.15M	96.49M
Short Term Investments	62.39M	-	23.18M	3.75M	2.15M
Total Cash And Short Term Investments	454M	2.68B	730M	99.9M	98.64M
Accounts Receivable, Total	7.13M	367K	-	3M	1.51M
Other Receivables	93.39M	275M	504M	55.4M	113M
Total Receivables	101M	275M	504M	58.4M	115M
Inventory	226M	812M	1.47B	142M	94.62M
Restricted Cash	4.49M	47.36M	-	-	-
Other Current Assets, Total	223M	1.45B	1.16B	63.09M	26.1M
Total Current Assets	1.01B	5.27B	3.87B	364M	334M
Gross Property Plant And Equipment	51.01M	241M	871M	117M	116M
Accumulated Depreciation	-24.4M	-24.49M	-244M	-86.1M	-71.94M
Net Property Plant And Equipment	26.62M	216M	628M	31.16M	43.66M
Long-term Investments	25K	20M	20M	2.82M	2.78M
Other Intangibles, Total	-	-	-	-	901K
Deferred Tax Assets Long-Term	-	99.04M	151M	66.81M	295K
Other Long-Term Assets, Total	2.53M	23.27M	105M	28.83M	81.35M
Total Assets	1.04B	5.63B	4.77B	493M	463M
Liabilities
Accounts Payable, Total	51.37M	143M	116M	6.24M	13.98M
Accrued Expenses, Total	54.11M	269M	201M	28.07M	24.55M
Short-term Borrowings	34.75M	-	-	-	-
Current Portion of Long-Term Debt	-	-	-	-	16.66M
Current Portion of Leases	12.62M	14.82M	16.12M	1.22M	1.24M
Current Income Taxes Payable	874K	149M	50.34M	3.53M	10.93M
Unearned Revenue Current, Total	430M	1.34B	4.61M	19.61M	24.25M
Other Current Liabilities	8.36M	168M	135M	76.51M	86.97M
Total Current Liabilities	592M	2.09B	524M	135M	179M
Long-Term Debt	-	-	-	-	7.28M
Long-Term Leases	3.32M	16.29M	10.04M	210K	1.7M
Unearned Revenue Non Current	-	-	-	-	9.06M
Deferred Tax Liability Non Current	-	-	-	-	153K
Other Non Current Liabilities	8.02M	72.17M	4.16M	9.71M	-
Total Liabilities	604M	2.17B	538M	145M	197M
Common Stock, Total	1K	1K	1K	-	-
Additional Paid In Capital	1.63B	2.89B	3.3B	654M	816M
Retained Earnings	-1.1B	901M	1.32B	-205M	-436M
Treasury Stock	-23.92M	-231M	-381M	-57.06M	-57.06M
Comprehensive Income and Other	-79.78M	-102M	-4.84M	-43.88M	-57.46M
Total Common Equity	433M	3.46B	4.24B	348M	266M
Total Equity	433M	3.46B	4.24B	348M	266M
Total Liabilities And Equity	1.04B	5.63B	4.77B	493M	463M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	155M	172M	166M	234M	308M
ECS Total Common Shares Outstanding	155M	172M	166M	234M	308M
Book Value / Share	2.79	20.13	25.46	1.49	0.87
Tangible Book Value	433M	3.46B	4.24B	348M	265M
Tangible Book Value Per Share	2.79	20.13	25.46	1.49	0.86
Total Debt	50.7M	31.11M	26.16M	1.43M	26.88M
Net Debt	-403M	-2.65B	-704M	-98.47M	-71.76M
Debt Equivalent Oper. Leases	4.04M	3.54M	12.05M	3.34M	4.5M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	196M	429M	789M	95.06M	56.52M
Inventories - Work In Process, Total	2.62M	78.35M	261M	15.9M	5.57M
Inventories - Finished Goods, Total	26.96M	305M	423M	31.32M	32.53M
Land - (BS)	-	-	-	-	120K
Machinery, Total	16.18M	183M	792M	107M	93.27M
Full Time Employees	248	346	541	445	463
Accumulated Allowance for Doubtful Accounts (Supple)	243K	-	-	14K	-

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	-215M	2B	486M	-414M	-250M
Depreciation & Amortization - CF	44.67M	31.71M	242M	62.12M	30.17M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	159K
Depreciation & Amortization, Total	44.67M	31.71M	242M	62.12M	30.33M
(Gain) Loss From Sale Of Asset	96K	47K	272K	18K	-7.22M
(Gain) Loss on Sale of Investments - (CF)	2.48M	25K	-	10.92M	-20.57M
Asset Writedown & Restructuring Costs	-	-	-	21.13M	11.3M
Stock-Based Compensation (CF)	2.95M	491M	407M	42.07M	30.92M
Provision and Write-off of Bad Debts	4.85M	911K	90K	14K	2.98M
Other Operating Activities, Total	-18M	-267M	413M	138M	107M
Change In Accounts Receivable	-4.5M	6.76M	367K	-3.01M	97K
Change In Inventories	-48.84M	-788M	-1.56B	-124M	-129M
Change In Accounts Payable	-61.64M	106M	-95.18M	-10.24M	7.22M
Change in Unearned Revenues	422M	910M	-1.39B	19.03M	4.8M
Change In Income Taxes	-	149M	-98.48M	-3.6M	588K
Change in Other Net Operating Assets	-86.77M	-1.2B	-107M	138M	12.7M
Cash from Operations	42.3M	1.44B	-1.7B	-124M	-199M
Capital Expenditure	-2.18M	-37.71M	-95.13M	-3.31M	-19.3M
Sale of Property, Plant, and Equipment	637K	160K	-	2.3M	8.78M
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-48.04M	42.66M	-	-	-
Other Investing Activities, Total	-	-	64.81M	40.64M	71.49M
Cash from Investing	-49.58M	5.12M	-30.32M	39.63M	60.97M
Short Term Debt Issued, Total	152M	-	-	-	-
Long-Term Debt Issued, Total	-	-	-	-	9.94M
Total Debt Issued	152M	-	-	-	9.94M
Short Term Debt Repaid, Total	-217M	-35M	-	-	-
Total Debt Repaid	-217M	-35M	-	-	-
Issuance of Common Stock	-	1.08B	70.38M	67.85M	768K
Repurchase of Common Stock	-40.06M	-129M	-392M	-2.42M	-768K
Issuance of Preferred Stock	-	-	-	24.58M	130M
Other Financing Activities, Total	-6.88M	-5.7M	-44.28M	-	-
Cash from Financing	-112M	906M	-366M	90M	140M
Foreign Exchange Rate Adjustments	-9.82M	-13.92M	68.08M	-11.41M	-1.12M
Net Change in Cash	-129M	2.34B	-2.02B	-5.4M	334K
Supplemental Items
Cash Interest Paid	3.74M	246K	-	-	370K
Cash Income Tax Paid (Refund)	-	433K	316M	2.88M	52K
Levered Free Cash Flow	114M	1.12B	-1.37B	105M	-42.69M
Unlevered Free Cash Flow	116M	1.12B	-1.37B	105M	-42.37M
Change In Net Working Capital	-229M	510M	2.11B	-248M	-55.09M
Net Debt Issued / Repaid	-65M	-35M	-	-	9.94M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	-15.65	34.27	3.66	-41.35	-29.15
Return on Total Capital	-24.43	57.52	4.91	-50.69	-43.38
Return On Equity %	-38.23	102.81	12.64	-86.66	-81.29
Return on Common Equity	-38.23	102.81	12.64	-86.66	-81.29
Margin Analysis
Gross Profit Margin %	8.44	57.17	35.35	-113.86	-31.31
SG&A Margin	33.86	13.83	14.7	37.56	28.74
EBITDA Margin %	-49.73	36.95	12.13	-156.1	-72.26
EBITA Margin %	-56.71	36.66	6.96	-184.3	-82.76
EBIT Margin %	-56.71	36.66	6.96	-184.3	-82.82
Income From Continuing Operations Margin %	-48.05	40.11	11.11	-195.84	-92.73
Net Income Margin %	-48.05	40.11	11.11	-195.84	-92.73
Net Avail. For Common Margin %	-48.05	40.11	11.11	-195.84	-92.73
Normalized Net Income Margin	-30.37	25.7	8.71	-113.83	-27.26
Levered Free Cash Flow Margin	25.43	22.41	-31.28	49.83	-15.85
Unlevered Free Cash Flow Margin	25.93	22.41	-31.28	49.83	-15.73
Asset Turnover
Asset Turnover	0.44	1.5	0.84	0.36	0.56
Fixed Assets Turnover	12.44	41.03	10.38	3.5	7.2
Receivables Turnover (Average Receivables)	89.36	1.32K	-	-	98.97
Inventory Turnover (Average Inventory)	1.94	4.12	2.48	2.56	2.99
Short Term Liquidity
Current Ratio	1.7	2.53	7.38	2.69	1.87
Quick Ratio	0.94	1.42	2.36	1.17	1.19
Operating Cash Flow to Current Liabilities	0.07	0.69	-3.24	-0.91	-1.12
Days Sales Outstanding (Average Receivables)	4.1	0.28	-	-	3.7
Days Outstanding Inventory (Average Inventory)	188.21	88.68	147.38	142.82	122.59
Average Days Payable Outstanding	74.09	13.06	13.57	10.94	12.09
Cash Conversion Cycle (Average Days)	118.22	75.9	-	-	114.2
Long Term Solvency
Total Debt/Equity	11.72	0.9	0.62	0.41	10.09
Total Debt / Total Capital	10.49	0.89	0.61	0.41	9.17
LT Debt/Equity	0.77	0.47	0.24	0.06	3.37
Long-Term Debt / Total Capital	0.69	0.47	0.24	0.06	3.06
Total Liabilities / Total Assets	58.26	38.59	11.28	29.42	42.5
EBIT / Interest Expense	-70.78	-	-	-	-428.1
EBITDA / Interest Expense	-61.93	-	-	-	-372.48
(EBITDA - Capex) / Interest Expense	-62.53	-	-	-	-409.53
Total Debt / EBITDA	-0.23	0.02	0.05	-0	-0.14
Net Debt / EBITDA	1.81	-1.44	-1.32	0.3	0.37
Total Debt / (EBITDA - Capex)	-0.23	0.02	0.06	-0	-0.13
Net Debt / (EBITDA - Capex)	1.8	-1.47	-1.61	0.3	0.34
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-68.53	1.01K	-12.19	-67.54	27.35
Gross Profit, 1 Yr. Growth %	-107.32	7.45K	-45.71	-204.56	-64.98
EBITDA, 1 Yr. Growth %	-78.15	-927.55	-71.17	-530.81	-41.04
EBITA, 1 Yr. Growth %	-75.9	-820.15	-83.33	-1.01K	-42.81
EBIT, 1 Yr. Growth %	-75.9	-820.15	-83.33	-1.01K	-42.77
Earnings From Cont. Operations, 1 Yr. Growth %	-79.21	-1.03K	-75.69	-692.63	-39.7
Net Income, 1 Yr. Growth %	-79.21	-1.03K	-75.69	-692.63	-39.7
Normalized Net Income, 1 Yr. Growth %	-78.97	-1.04K	-70.23	-536.04	-69.51
Diluted EPS Before Extra, 1 Yr. Growth %	-80.92	-946.78	-75.7	-692.62	-61.81
Accounts Receivable, 1 Yr. Growth %	148.19	-94.85	-	-	-49.48
Inventory, 1 Yr. Growth %	15.02	260.21	81.44	-32.77	-33.5
Net Property, Plant and Equip., 1 Yr. Growth %	-41.33	713.4	189.9	-65.23	40.13
Total Assets, 1 Yr. Growth %	4.53	443.46	-15.24	-27.98	-6.14
Tangible Book Value, 1 Yr. Growth %	-37.56	699.59	22.47	-42.7	-23.79
Common Equity, 1 Yr. Growth %	-37.56	699.59	22.47	-42.7	-23.53
Cash From Operations, 1 Yr. Growth %	-115.1	3.3K	-217.92	-32.3	61.19
Capital Expenditures, 1 Yr. Growth %	-74.03	1.63K	152.28	-81.34	482.85
Levered Free Cash Flow, 1 Yr. Growth %	-71.2	881.96	-222.38	-155.93	-140.52
Unlevered Free Cash Flow, 1 Yr. Growth %	-71.53	862.99	-222.38	-155.93	-140.21
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-59.32	87.22	212.75	-47.69	-35.71
Gross Profit, 2 Yr. CAGR %	-72.74	135.05	540.2	-26.17	-39.49
EBITDA, 2 Yr. CAGR %	-6.82	34.46	54.45	7.59	59.37
EBITA, 2 Yr. CAGR %	2.16	31.75	9.55	17.36	127.84
EBIT, 2 Yr. CAGR %	2.16	31.75	9.55	17.36	127.92
Earnings From Cont. Operations, 2 Yr. CAGR %	32.55	39.05	50.37	15.76	89.05
Net Income, 2 Yr. CAGR %	32.55	39.05	50.37	15.76	89.05
Normalized Net Income, 2 Yr. CAGR %	4.24	40.78	67.49	10.25	15.31
Diluted EPS Before Extra, 2 Yr. CAGR %	21.71	27.12	43.45	15.69	50.43
Accounts Receivable, 2 Yr. CAGR %	-45.14	-64.25	-	620.25	-
Inventory, 2 Yr. CAGR %	-37.95	103.55	155.65	5.48	-33.14
Net Property, Plant and Equip., 2 Yr. CAGR %	-2.38	118.45	385.59	-4.38	-30.2
Total Assets, 2 Yr. CAGR %	-14.04	138.35	114.63	-25.41	-17.78
Tangible Book Value, 2 Yr. CAGR %	33.98	123.44	212.93	-20.03	-33.92
Common Equity, 2 Yr. CAGR %	33.98	123.44	212.93	-20.03	-33.81
Cash From Operations, 2 Yr. CAGR %	82.19	126.66	533.36	-21.83	4.46
Capital Expenditures, 2 Yr. CAGR %	-70.44	112.13	561.19	-23.4	4.3
Levered Free Cash Flow, 2 Yr. CAGR %	-38.81	68.17	246.89	-21.85	-52.4
Unlevered Free Cash Flow, 2 Yr. CAGR %	-34.54	65.57	243.52	-21.85	-52.58
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-30.05	22.61	45.46	49.62	-29.63
Gross Profit, 3 Yr. CAGR %	-60.32	77.69	44.22	256.24	-42.42
EBITDA, 3 Yr. CAGR %	-18.18	92.97	-19.53	119.07	-11.96
EBITA, 3 Yr. CAGR %	-13.88	95.88	-33.86	121.63	-7.65
EBIT, 3 Yr. CAGR %	-13.88	95.88	-33.86	121.63	-7.63
Earnings From Cont. Operations, 3 Yr. CAGR %	-16.97	153.75	-22.24	139.01	-6.86
Net Income, 3 Yr. CAGR %	-16.97	153.75	-22.24	139.01	-6.86
Normalized Net Income, 3 Yr. CAGR %	-18.55	117.15	-16.13	132.41	-28.16
Diluted EPS Before Extra, 3 Yr. CAGR %	-21.64	132.35	-26.77	131.58	-20.05
Accounts Receivable, 3 Yr. CAGR %	76.02	-75.07	-	43.93	197.03
Inventory, 3 Yr. CAGR %	-4.61	11.52	95.9	64.78	-9.55
Net Property, Plant and Equip., 3 Yr. CAGR %	13.08	97.91	140.06	102.48	8.61
Total Assets, 3 Yr. CAGR %	-4.85	58.94	68.87	50	-19.47
Tangible Book Value, 3 Yr. CAGR %	-20.39	143.02	82.86	78.71	-21.3
Common Equity, 3 Yr. CAGR %	-20.39	143.02	82.86	78.71	-21.21
Cash From Operations, 3 Yr. CAGR %	-22.59	383.33	82.3	174.68	-0.5
Capital Expenditures, 3 Yr. CAGR %	-44.39	14.82	124.74	120.99	50.66
Levered Free Cash Flow, 3 Yr. CAGR %	-	54.34	51.33	87.24	-37.22
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	60.4	49.77	86.03	-37.38
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	27.33	-11.13	6.68
Gross Profit, 5 Yr. CAGR %	-	-	20.69	27.43	3.59
EBITDA, 5 Yr. CAGR %	-	-	5.49	55.63	6.87
EBITA, 5 Yr. CAGR %	-	-	-5.17	62.59	9.08
EBIT, 5 Yr. CAGR %	-	-	-5.17	62.59	9.1
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	5.29	88.8	12
Net Income, 5 Yr. CAGR %	-	-	5.29	88.8	12
Normalized Net Income, 5 Yr. CAGR %	-	-	8.68	68.64	-3.69
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-0.2	79.04	-1.41
Accounts Receivable, 5 Yr. CAGR %	-	-	-	-2.15	30.93
Inventory, 5 Yr. CAGR %	-	-	41.5	11.49	28.64
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	102.56	51.23	47.68
Total Assets, 5 Yr. CAGR %	-	-	31.74	20.05	27.8
Tangible Book Value, 5 Yr. CAGR %	-	-	37.65	59.26	22.83
Common Equity, 5 Yr. CAGR %	-	-	37.65	59.26	22.91
Cash From Operations, 5 Yr. CAGR %	-	-	79.44	133.08	39.02
Capital Expenditures, 5 Yr. CAGR %	-	-	49.69	-1.17	75.85
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	19.7	-4.64
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	22.5	-5.38