XML 128 R6.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Cash Flows
¥ in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2019
CNY (¥)
Dec. 31, 2019
USD ($)
Dec. 31, 2018
CNY (¥)
Dec. 31, 2017
CNY (¥)
Cash flows from operating activities:        
Net income (loss) ¥ (2,288) $ (328) ¥ 22,582 ¥ 18,288
Adjustments to reconcile net income to net cash generated from operating activities:        
Depreciation of fixed assets and computer parts 5,615 807 3,730 3,805
Amortization of intangible assets 13,546 1,946 12,457 7,943
Deferred income tax, net (696) (100) (761) (756)
Share-based compensation 5,626 808 4,676 3,244
Provision for doubtful accounts 429 61 451 585
Investment and interest income (2,305) (332) (7,648) (3,244)
Amortization and impairment of produced content 2,977 428 2,266 811
Impairment of other assets 10,714 1,539 1,389 2,358
Loss from equity method investments 1,254 180 79 63
(Gain) loss on disposal of subsidiaries 578 83 (5,525) (5,550)
Barter transaction revenue (683) (98) (1,083) (763)
Other non-cash expenses 456 66 124 362
Other (78) (11) (51) (30)
Changes in operating assets and liabilities, net of effects of acquisitions and disposals:        
Accounts receivable (1,779) (256) (1,611) (721)
Amounts due from related parties (135) (19) 527 178
Other assets (4,459) (640) (1,333) 448
Customer deposits and deferred revenue 1,515 217 912 966
Accounts payable and accrued liabilities (1,653) (238) 4,094 5,100
Deferred income (37) (5) (64) 47
Amounts due to related parties (139) (20) 756 (306)
Net cash provided by operating activities 28,458 4,088 35,967 32,828
Cash flows from investing activities:        
Acquisition of fixed assets (6,428) (923) (8,772) (4,779)
Acquisition of businesses, net of cash acquired (969) (139) (1,978) (553)
Acquisition of licensed copyrights (12,152) (1,745) (13,116) (9,087)
Acquisition of intangible assets excluding licensed copyrights (541) (78) (385) (35)
Purchases of held-to-maturity investments (120,189) (17,264) (27,640) (56,150)
Maturities of held-to-maturity investments 46,563 6,688 49,040 49,580
Purchases of available-for-sale debt investments (218,171) (31,338) (284,149) (209,628)
Sales and maturities of available-for-sale debt investments 291,163 41,823 239,861 198,517
Purchases of other long-term investments (6,322) (908) (9,891) (12,499)
Proceeds from disposal of long-term investments 7,517 1,079 2,524 19
Disposal of subsidiaries' shares (476) (68) 5,581 1,431
Loans provided to related parties 0 0 (8,632) 0
Repayment of loans provided to related parties 24 3 12,270 0
Micro loan origination and disbursement 0 0 (35,824) (63,597)
Principal payments received on micro loans 0 0 38,063 40,075
Purchases of other invested securities 0 0 (16,362) (38,167)
Sales and maturities of other invested securities 0 0 24,949 27,917
Other investing activities 7 1 1 7
Net cash used in investing activities (19,974) (2,869) (34,460) (76,949)
Cash flows from financing activities:        
Proceeds from short-term loans 2,738 393 3,787 751
Repayments of short-term loans (3,166) (455) (1,055) (826)
Proceeds from long-term loans 946 136 1,168 299
Repayments of long-term loans (168) (24) (98) (3,330)
Loans borrowed from related parties 0 0 3,732 0
Proceeds from issuance of long-term notes, net of issuance costs (10) (1) 18,050 9,909
Repayment of long-term notes (6,912) (993) (6,846) (4,957)
Proceeds from issuance of convertible notes, net of issuance costs 7,910 1,136 5,035 8,463
Purchase of capped calls (567) (81) (465) 0
Proceeds from issuance of subsidiaries' shares 401 57 15,689 4,046
Repurchase of ordinary shares (4,958) (712) (3,312) (1,723)
Proceeds from exercise of share options 18 3 676 453
Proceeds from third-party investors for sale of financial products 0 0 15,143 101,189
Repayment to third-party investors for sale of financial products 0 0 (33,376) (82,987)
Proceeds from secured borrowings from third-party financial institutions 0 0 10,380 16,008
Repayment of secured borrowings from third-party financial institutions 0 0 (13,426) (2,730)
Other financing activities (105) (15) 0 (8)
Net cash provided by (used in) financing activities (3,873) (556) 15,082 44,557
Effect of exchange rate changes on cash, cash equivalents and restricted cash 1 0 1,902 (316)
Net increase in cash, cash equivalents and restricted cash 4,612 663 18,491 120
Cash, cash equivalents and restricted cash at beginning of the year 29,827 4,284 11,336 11,216
Cash, cash equivalents and restricted cash at end of the year 34,439 4,947 29,827 11,336
Supplemental disclosures:        
Interest paid 2,448 352 1,579 1,205
Income taxes paid 4,100 589 5,509 3,300
Non-cash investing and financing activities:        
Acquisition of fixed assets included in accounts payable and accrued liabilities 1,020 147 1,516 1,167
Acquisition of licensed copyrights included in accounts payable and accrued liabilities 5,486 788 6,337 4,040
Acquisition of licensed copyrights from nonmonetary content exchanges 968 139 642 782
Non-cash acquisitions of investments ¥ 28 $ 4 ¥ 764 ¥ 765