iSoftStone Holdings Ltd

CIK:0001500308|SEC Filings

Financial Information of Parent Company Statements of Operations (Detail) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Condensed Financial Statements, Captions [Line Items]
Cost of revenues	$ (308,349)	$ (251,540)	$ (181,121)
Operating expenses:
General and administrative expenses	(85,211)	(63,279)	(50,768)
Selling and marketing expenses	(34,116)	(32,855)	(27,685)
Research and development expenses	(7,737)	(4,951)	(3,684)
Total operating expenses	(127,064)	(101,085)	(82,137)
Income (loss) from operations	5,674	28,280	17,354
Interest income	812	775	1,118
Interest expense	(8,974)	(1,966)	(1,424)
Changes in fair value of convertible notes derivatives			2,832
Net income (loss) attributable to iSoftStone Holdings Limited	(3,657)	22,109	18,845
Parent Company
Condensed Financial Statements, Captions [Line Items]
Cost of revenues	(494)	(509)	(307)
Operating expenses:
General and administrative expenses	(17,842)	(11,491)	(9,263)
Selling and marketing expenses	(1,350)	(1,442)	(1,225)
Research and development expenses	(121)	(198)	(188)
Total operating expenses	(19,313)	(13,131)	(10,676)
Other operating income	201	1,068	193
Income (loss) from operations	(19,606)	(12,572)	(10,790)
Interest income	19	175	430
Interest expense			(654)
Changes in fair value of convertible notes derivatives			2,832
Net loss before income from subsidiaries and VIE	(19,587)	(12,397)	(8,182)
Income from subsidiaries and VIE	15,930	34,506	27,027
Net income (loss) attributable to iSoftStone Holdings Limited	$ (3,657)	$ 22,109	$ 18,845

Financial Information of Parent Company Statements of Cash Flows (Detail) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Cash flows from operating activities:
Net income (loss)	$ (3,657)	$ 22,109	$ 18,845
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Share-based compensation	12,832	11,120	9,331
Changes in fair value of convertible notes derivatives			(2,832)
Imputed interest expense in connection with convertible notes-interest			654
Changes in operating assets and liabilities:
Amounts due from related parties	(90)	(2,116)	1,043
Prepaid expenses and other current assets	(12,358)	1,693	(7,685)
Amounts due to related parties	8	(86)	(899)
Accrued expenses and other current liabilities	14,407	3,395	7,419
Net cash (used in) provided by operating activities	3,840	9,937	(463)
Cash flows from investing activities:
Proceeds from sales of long term investment		2,413	270
Net cash used in investing activities	(94,941)	(29,004)	(59,833)
Cash flows from financing activities:
Payment of offering cost in connection with the issuance of ordinary shares			(1,485)
Proceeds from exercise of options	597	1,874	4,031
Proceeds from sale of ordinary shares			211
Deferred and contingent consideration paid for business acquisitions	(5,651)	(5,677)	(2,184)
Net cash (used in) provided by financing activities	78,326	34,920	(21,763)
Net (decrease) increase in cash and cash equivalents	(11,762)	15,401	(79,884)
Cash and cash equivalents at beginning of year	116,597	101,196	181,080
Cash and cash equivalents at end of year	104,835	116,597	101,196
Parent Company
Cash flows from operating activities:
Net income (loss)	(3,657)	22,109	18,845
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Gain from investments in subsidiaries and VIE	(15,930)	(34,506)	(27,027)
Share-based compensation	12,832	11,120	9,331
Changes in fair value of convertible notes derivatives			(2,832)
Imputed interest expense in connection with convertible notes-interest			654
Changes in operating assets and liabilities:
Amounts due from related parties	1,949	5,755	889
Prepaid expenses and other current assets	143	(343)	173
Amounts due to related parties	155	(3,158)	2,751
Accrued expenses and other current liabilities	3,952	(62)	1,127
Net cash (used in) provided by operating activities	(556)	915	3,911
Cash flows from investing activities:
Deferred and contingent consideration paid for business acquisitions			(3,939)
Cash paid for investment in subsidiaries	(5,000)	(10,299)	(111,816)
Proceeds from sales of long term investment		2,413
Net cash used in investing activities	(5,000)	(7,886)	(115,755)
Cash flows from financing activities:
Payment of offering cost in connection with the issuance of ordinary shares			(1,485)
Proceeds from exercise of options	599	1,874	4,032
Proceeds from sale of ordinary shares			211
Deferred and contingent consideration paid for business acquisitions	(554)
Net cash (used in) provided by financing activities	45	1,874	2,758
Net (decrease) increase in cash and cash equivalents	(5,511)	(5,097)	(109,086)
Cash and cash equivalents at beginning of year	7,226	12,323	121,409
Cash and cash equivalents at end of year	$ 1,715	$ 7,226	$ 12,323

Financial Information of Parent Company Balance Sheets (Detail) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Current assets:
Cash and cash equivalents	$ 104,835	$ 116,597	$ 101,196	$ 181,080
Prepaid expenses and other current assets	29,146	14,019
Amounts due from related parties-current	1,374	3,838
Total current assets	402,354	347,314
Amounts due from related parties-non-current	2,564
Total assets	649,344	466,510
Current liabilities:
Accrued expenses and other current liabilities	55,456	32,839
Amounts due to related parties	16	8
Deferred consideration in connection with business acquisitions	1,858	2,480
Total current liabilities	241,415	129,478
Other non-current liabilities	201	401
Total liabilities	295,493	133,526
iSoftStone Holdings Limited shareholders' equity:
Ordinary shares ($0.0001 par value, 1,000,000,000 and 1,000,000,000 shares authorized as of December 31, 2012 and 2013, respectively; 569,206,989 and 583,578,303 shares issued and outstanding as of December 31, 2012 and 2013, respectively)	58	57
Treasury shares		(773)
Shares to be issued	127	1,262
Additional paid-in capital	308,699	294,909
Accumulated other comprehensive income	24,255	17,747
Retained earnings	(422)	5,412
Total equity	353,851	332,984	294,759	225,430
Total liabilities and equity	649,344	466,510
Parent Company
Current assets:
Cash and cash equivalents	1,715	7,226	12,323	121,409
Prepaid expenses and other current assets	19	162
Amounts due from related parties-current	35,390	37,933
Total current assets	37,124	45,321
Amounts due from related parties-non-current	594
Investment in subsidiaries and VIE	316,594	288,603
Total assets	354,312	333,924
Current liabilities:
Accrued expenses and other current liabilities	5,223	1,069
Amounts due to related parties	2,433	2,278
Deferred consideration in connection with business acquisitions	103	103
Total current liabilities	7,759	3,450
Other non-current liabilities	200	401
Total liabilities	7,959	3,851
iSoftStone Holdings Limited shareholders' equity:
Ordinary shares ($0.0001 par value, 1,000,000,000 and 1,000,000,000 shares authorized as of December 31, 2012 and 2013, respectively; 569,206,989 and 583,578,303 shares issued and outstanding as of December 31, 2012 and 2013, respectively)	58	57
Treasury shares		(773)
Shares to be issued	127	1,262
Additional paid-in capital	308,699	294,909
Accumulated other comprehensive income	24,255	17,747
Retained earnings	13,214	16,871
Total equity	346,353	330,073
Total liabilities and equity	$ 354,312	$ 333,924