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EXCEL - IDEA: XBRL DOCUMENT - Fushi Copperweld, Inc.Financial_Report.xls
10-Q - FORM 10-Q - Fushi Copperweld, Inc.v325512_10q.htm
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v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash flows from operating activities:    
Net cash provided by operating activities $ 16,289,145 $ 40,676,212
Cash flows from investing activities:    
Purchases of property, plant and equipment (423,623) (1,160,718)
Net cash used in investing activities (423,623) (1,160,718)
Cash flows from financing activities:    
Proceeds from bank loans 15,768,600   
Payment for acquisition of Jinchuan    (4,819,107)
Repayment of interest-free advance provided by Mr. Li Fu (2,000,000)   
Repayment of bank loans (13,435,700) (487,500)
Proceeds from issuance of common stock and warrants 573,210 628,495
Net cash provided by (used in) financing activities 906,110 (4,678,112)
Effect of foreign currency exchange rate changes on cash 428,221 5,786,556
Net increase in cash 17,199,853 40,623,938
Cash at beginning of period 200,451,902 123,000,338
Cash at end of period 217,651,755 163,624,276
Supplemental disclosure of cash flow information:    
Interest paid 309,183 340,282
Income taxes paid $ 15,257,995 $ 7,665,233