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CONSOLIDATED STATEMENTS OF CASH FLOWS
¥ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
USD ($)
Dec. 31, 2015
CNY (¥)
Dec. 31, 2014
CNY (¥)
Dec. 31, 2013
CNY (¥)
Cash flows from operating activities:        
Net loss $ (1,449,192) ¥ (9,387,582) ¥ (4,996,358) ¥ (49,899)
Adjustments to reconcile net loss to net cash provided by operating activities:        
Depreciation and amortization 404,313 2,619,061 1,650,533 293,141
Share-based compensation 184,314 1,193,945 4,249,548 261,173
Allowance for doubtful accounts 64,953 420,750 74,332 (107)
Loss from disposal of property, equipment and software 1,191 7,714 26,043 22,726
Non-cash marketing services contributed by certain shareholder       24,682
Deferred income tax (6,574) (42,584) (4,169) (40)
Impairment of goodwill and intangible assets 424,547 2,750,129    
Impairment of investments accounted for under cost method and available-for-sale securities 94,339 611,108    
Gain from the sales of investments (233) (1,507)    
Share of results of equity investees 483,850 3,134,283 (638) 309
Foreign exchange (gains)/losses 8,860 57,395 28,980 (92,761)
Changes in operating assets and liabilities:        
Accounts receivable (1,141,657) (7,395,424) (2,004,884) (22,844)
Restricted cash (166,203) (1,076,628) (689,499) 577,743
Inventories (1,288,817) (8,348,700) (5,804,688) (1,632,326)
Loan receivables (356,082) (2,306,631) (125,935)  
Advance to suppliers (2,780) (18,010) (160,203) (660,000)
Prepayments and other current assets 38,963 252,397 (1,210,697) (59,684)
Amount due from related parties (62,181) (402,795) (412,314)  
Other non-current assets (180,687) (1,170,454) (66,485) (78,644)
Accounts payable 2,024,311 13,113,084 4,902,844 2,687,361
Advance from customers 387,049 2,507,225 2,611,035 1,158,745
Deferred revenues (72,988) (472,800) (65,725) 103,258
Taxes payable (20,524) (132,949) (42,615) 112,951
Accrued expenses and other current liabilities 340,775 2,207,476 2,988,499 928,920
Amount due to related parties 10,798 69,946 67,412 (4,885)
Net cash provided by/(used in) operating activities (279,655) (1,811,551) 1,015,016 3,569,819
Cash flows from investing activities:        
Purchase of short-term investments (775,263) (5,022,000) (19,104,408) (9,966,200)
Maturity of short-term investments 2,566,553 16,625,621 7,853,607 9,166,200
Changes of deposits for capital verification     545,000 (545,000)
Purchases of investment securities (175,891) (1,139,386) (421,133)  
Prepayments and investments in equity investees (1,104,818) (7,156,789) (434,585) (35,133)
Cash received from disposal of investment in equity investees       1,162
Purchase of property, equipment and software (436,387) (2,826,830) (1,424,534) (439,881)
Cash paid for construction in progress (237,830) (1,540,615) (1,036,513) (737,411)
Purchase of intangible assets (1,012) (6,556) (17,935) (10,237)
Purchase of land use rights (142,912) (925,758) (423,084) (104,552)
Cash received from/ (paid for) business combination, net of cash acquired (Note 7) (44,821) (290,339) 1,260,337  
Net cash used in investing activities (352,381) (2,282,652) (13,203,248) (2,671,052)
Cash flows from financing activities:        
Proceeds from issuance of ordinary shares, net     17,447,653 2,720,076
Proceeds from issuance of ordinary shares upon exercising of share-based awards 11,688 75,713    
Capital injection from non-controlling interest 22,567 146,185    
Proceeds from short-term bank loans 751,955 4,871,004 1,890,771 940,216
Repayment of short-term bank loans (575,222) (3,726,171) (946,396) (865,108)
Proceeds from nonrecourse securitization debt 514,610 3,333,542    
Net cash provided by financing activities 725,598 4,700,273 18,392,028 2,795,184
Effect of exchange rate changes on cash and cash equivalents 52,973 343,147 (101,484) (58,906)
Net increase in cash and cash equivalents 146,535 949,217 6,102,312 3,635,045
Cash and cash equivalents at beginning of year 2,611,171 16,914,651 10,812,339 7,177,294
Cash and cash equivalents at end of year 2,757,706 17,863,868 16,914,651 10,812,339
Supplemental cash flow disclosures:        
Cash paid for income taxes (3,584) (23,219) (9,807) (251)
Cash paid for interest (9,632) (62,396) (27,268) (8,437)
Supplemental disclosures of non-cash investing and financing activities:        
Conversion of preferred shares to ordinary shares     15,474,994 ¥ 38,176
Issuance of ordinary shares in connection with Tencent Transactions, net     11,644,310  
Certain time deposits pledged for short-term bank loan     ¥ 2,000,000  
Equity investments obtained through commitment of future services $ 592,629 ¥ 3,838,933