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Interim Condensed Consolidated Statements of Cash Flows
¥ in Millions, $ in Millions
 6 Months Ended
Jun. 30, 2020
CNY (¥)
Jun. 30, 2020
USD ($)
Jun. 30, 2019
CNY (¥)
Cash flows from operating activities:      
Net income ¥ 1,110 $ 158 ¥ 725
Adjustments to reconcile net income to net cash generated from operating activities:      
Depreciation of fixed assets and computer parts 2,826 400 2,769
Amortization of intangible assets 293 41 327
Deferred income tax, net 683 97 579
Share-based compensation 3,336 473 2,832
Provision for doubtful accounts 396 56 159
Investment and interest income (2,681) (379) (2,284)
Amortization and impairment of licensed copyrights 6,770 958 5,657
Amortization and impairment of produced content 2,194 311 1,618
Impairment of other assets 2,874 407 653
Loss from equity method investments 1,551 220 431
Barter transaction revenue (939) (133) (177)
Other non-cash expenses 341 46 152
Other operating activities (12) (2) (50)
Changes in operating assets and liabilities, net of effects of acquisitions and disposals:      
Accounts receivable 482 68 (1,013)
Amounts due from related parties (240) (34) (614)
Licensed copyrights, net (5,559) (787) 0
Produced content (2,253) (319) (2,365)
Other assets (156) (22) (1,301)
Customer deposits and deferred revenue 157 22 249
Accounts payable and accrued liabilities (1,056) (149) 378
Deferred income 5 1 (39)
Amounts due to related parties 264 37 (60)
Net cash generated from operating activities 10,386 1,470 8,626
Cash flows from investing activities:      
Acquisition of fixed assets (1,399) (198) (4,332)
Acquisition of businesses, net of cash acquired (693) (98) (506)
Acquisition of licensed copyrights 0 0 (5,702)
Acquisition of intangible assets excluding licensed copyrights (150) (21) (152)
Purchases of held-to-maturity investments (64,990) (9,199) (49,388)
Maturities of held-to-maturity investments 48,454 6,858 21,722
Purchases of available-for-sale investments (91,611) (12,967) (75,776)
Sales and maturities of available-for-sale investments 89,912 12,726 101,244
Purchases of other long-term investments (2,024) (286) (2,383)
Proceeds from disposal of long-term investments 2,034 288 421
Disposal of subsidiary's shares (49) (7) (322)
Repayment of loans provided to related parties 100 14 0
Other investing activities 12 2 (23)
Net cash used in investing activities (20,404) (2,888) (15,197)
Cash flows from financing activities:      
Proceeds from short-term loans 2,175 308 1,291
Repayments of short-term loans (1,178) (167) (321)
Repayments of long-term loans (296) (42) (5)
Proceeds from issuance of long-term notes, net of issuance costs 7,004 991 (10)
Repayment of long-term notes (5,378) (761) (6,821)
Proceeds from issuance of convertible notes, net of issuance costs 0 0 7,910
Purchase of capped call 0 0 (567)
Proceeds from issuance of subsidiaries' shares 108 15 225
Repurchase of ordinary shares (5,133) (727) (1,999)
Proceeds from exercise of share options 2 0 10
Other financing activities (67) (9) (83)
Net cash used in financing activities (2,763) (392) (370)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 219 31 53
Net decrease in cash, cash equivalents and restricted cash (12,562) (1,779) (6,888)
Cash, cash equivalents and restricted cash at beginning of the period 34,439 4,875 29,827
Cash, cash equivalents and restricted cash at end of the period 21,877 3,096 22,939
Supplemental disclosure:      
Acquisition of fixed assets included in accounts payable and accrued liabilities 925 131 1,302
Acquisition of licensed copyrights included in accounts payable and accrued liabilities 4,739 671 5,551
Acquisition of licensed copyrights from nonmonetary content exchanges ¥ 661 $ 94 ¥ 455