XML 95 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Income and Comprehensive Income (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Sales $ 267,850,899 $ 292,935,374 $ 256,614,328
Cost of goods sold (129,125,489) (180,614,710) (157,325,418)
Gross profit 138,725,410 112,320,664 99,288,910
Operating expenses:      
Sales and marketing (102,990,356) (78,988,475) (99,276,220)
General and administrative (21,594,465) (26,018,366) (21,306,074)
Goodwill and other intangible assets impairment   (1,012,410) (1,437,005)
Total operating expenses (124,584,821) (106,019,251) (122,019,299)
Other operating income (expense), net      
Gain (loss) on disposal of property, plant and equipment and land use rights 4,329,473 (520,619) (14,637)
Others (27,678) 3,801,298 (536,753)
Other operating income (expense), net 4,301,795 3,280,679 (551,390)
Income (loss) from operations 18,442,384 9,582,092 (23,281,779)
Interest income 83,103 90,008 287,967
Interest and finance costs (3,891,376) (4,235,956) (2,011,282)
Amortization of deferred debt issuance cost     (379,413)
Gain on deregistration of subsidiaries 180,077    
Government subsidy (in Dollars) 10,435,291 9,205,157 21,709,399
Income (loss) from continuing operations before income tax expenses and noncontrolling interests 25,249,479 14,641,301 (3,675,108)
Income tax (expenses) benefits (4,062,969) (10,010,427) 279,722
Income (loss) from continuing operations 21,186,510 4,630,874 (3,395,386)
Loss from discontinued operations, net of tax   (5,705,228) (6,499,869)
Net income (loss) 21,186,510 (1,074,354) (9,895,255)
Other comprehensive income, net of tax      
Foreign currency translation adjustments 2,699,885 12,250,387 7,203,664
Change in fair value of available for sale investments 6,094 (28,178) 2,828
Disposal of Dairy Farms   (2,341,550)  
Other comprehensive income 2,705,979 9,880,659 7,206,492
Comprehensive income 23,892,489 8,806,305 (2,688,763)
Comprehensive income attributable to the noncontrolling interest 17,943 (13,799) (21,719)
Comprehensive income attributable to common shareholders of Feihe International, Inc. 23,910,432 8,792,506 (2,710,482)
Net (income) loss attributable to noncontrolling interests (24,209) (126,302) 311,384
Settlement of redeemable common stock   1,033,738  
Accretion of redemption premium on redeemable common stock     (1,086,622)
Net income (loss) attributable to common shareholders of Feihe International, Inc. $ 21,162,301 $ (166,918) $ (10,670,493)
Basic (in Dollars per share) $ 1.05 $ 0.26 $ (0.20)
Diluted (in Dollars per share) $ 1.05 $ 0.26 $ (0.20)
Basic (in Dollars per share)   $ (0.26) $ (0.28)
Diluted (in Dollars per share)   $ (0.26) $ (0.28)
Basic (in Dollars per share) $ 1.05   $ (0.48)
Diluted (in Dollars per share) $ 1.05   $ (0.48)
Basic (in Shares) 19,756,559 19,688,551 19,647,844
Diluted (in Shares) 19,756,559 19,688,551 19,647,844
Common Class A [Member]
     
Other comprehensive income, net of tax      
Basic (in Dollars per share) $ 1.05 $ 0.26 $ (0.20)
Diluted (in Dollars per share) $ 1.05 $ 0.26 $ (0.20)
Basic (in Dollars per share)   $ (0.26) $ (0.28)
Diluted (in Dollars per share)   $ (0.26) $ (0.28)
Basic (in Dollars per share) $ 1.05   $ (0.48)
Diluted (in Dollars per share) $ 1.05   $ (0.48)
Basic (in Shares) 19,756,559 19,688,551 19,647,844
Diluted (in Shares) 19,756,559 19,688,551 19,647,844
Redeemable Preferred Stock [Member]
     
Other comprehensive income, net of tax      
Basic (in Dollars per share) $ 0.46 $ 0.23 $ 0.21
Diluted (in Dollars per share) $ 0.46 $ 0.23 $ 0.21
Basic (in Dollars per share)   $ (0.26) $ (0.28)
Diluted (in Dollars per share)   $ (0.26) $ (0.28)
Basic (in Dollars per share) $ 0.46 $ (0.03) $ (0.07)
Diluted (in Dollars per share) $ 0.46 $ (0.03) $ (0.07)
Basic (in Shares) 824,380 2,065,839 2,625,000
Diluted (in Shares) 824,380 2,065,839 2,625,000