v3.22.1
Consolidated Statements of Cash Flows
¥ in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2021
CNY (¥)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
CNY (¥)
Dec. 31, 2019
CNY (¥)
Cash flows from operating activities:        
Net (loss) income ¥ 7,591 $ 1,191 ¥ 19,026 ¥ (2,288)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:        
Depreciation of fixed assets and computer parts 5,884 923 5,772 5,615
Amortization of intangible assets 471 74 544 661
Deferred income tax, net (449) (70) 115 (696)
Share-based compensation 7,056 1,107 6,728 5,626
Allowance for credit losses 989 155 679 429
Investment and interest income (3,930) (617) (11,966) (2,305)
Amortization and impairment of licensed copyrights 10,083 1,582 11,864 12,885
Amortization and impairment of produced content 6,121 961 4,534 2,977
Impairment of other assets 4,445 698 2,928 10,714
Share of losses from equity method investments 932 146 2,248 1,254
Loss (gain) on disposal of subsidiaries (45) (7) 0 578
(Gain) loss on disposal of fixed assets (81) (14) 71 (78)
Barter transaction revenue (1,244) (195) (1,376) (683)
Accretion on convertible senior notes and asset-backed debt securities 618 97 501 380
Other non-cash expenses 372 58 739 76
Changes in operating assets and liabilities, net of effects of acquisitions and disposals:        
Accounts receivable (2,144) (336) (1,660) (1,779)
Amounts due from related parties (695) (109) 125 (135)
Licensed copyrights (9,731) (1,527) (10,528) 0
Produced content (10,492) (1,645) (6,728) (3,596)
Other assets (3,644) (573) (351) (863)
Customer deposits and deferred revenue 622 98 1,177 1,515
Accounts payable and accrued liabilities 7,141 1,121 208 (1,653)
Deferred income (29) (5) (293) (37)
Amounts due to related parties 281 45 (157) (139)
Net cash provided by operating activities 20,122 3,158 24,200 28,458
Cash flows from investing activities:        
Acquisition of fixed assets (10,896) (1,710) (5,084) (6,428)
Acquisition of businesses, net of cash acquired (247) (39) (2,396) (969)
Acquisition of licensed copyrights 0 0 0 (12,152)
Acquisition of intangible assets (344) (54) (247) (541)
Purchases of held-to-maturity investments (171,526) (26,916) (159,197) (120,189)
Maturities of held-to-maturity investments 156,700 24,590 134,299 46,563
Purchases of available-for-sale investments (25,575) (4,013) (133,008) (218,171)
Sales and maturities of available-for-sale investments 25,895 4,063 135,606 291,163
Purchases of equity investments (3,395) (533) (4,467) (6,322)
Proceeds from disposal of equity investments 9,908 1,555 6,523 7,517
Disposal of subsidiaries' shares 0 0 (486) (476)
Loans provided to third parties (810) (127) (5) 0
Repayment of loans provided to third parties 810 127 0 0
Repayment of loans provided to related parties 0 0 917 24
Prepayments made for the acquisition of businesses (12,035) (1,888) 0 0
Other investing activities 71 11 (7) 7
Net cash used in investing activities (31,444) (4,934) (27,552) (19,974)
Cash flows from financing activities:        
Proceeds from short-term loans 4,487 704 3,559 2,738
Repayments of short-term loans (3,365) (528) (3,223) (3,166)
Proceeds from long-term loans 12,673 1,989 0 946
Repayments of long-term loans (7,277) (1,142) (709) (168)
Repayment of loans borrowed from related parties 0 0 (356) 0
Proceeds from issuance of long-term notes, net of issuance costs 6,440 1,011 13,346 (10)
Repayment of long-term notes 0 0 (5,378) (6,912)
Proceeds from issuance of convertible senior notes, net of issuance costs 633 99 5,151 7,910
Repayments of convertible senior notes (4,751) (746) 0 0
Purchase of capped calls 0 0 0 (567)
Proceeds from issuance of subsidiaries' shares 684 107 4,662 401
Repurchase of ordinary shares (7,581) (1,190) (13,054) (4,958)
Proceeds from exercise of share options 335 53 228 18
Proceeds from issuance of redeemable noncontrolling interests 4,935 774 1,669 0
Acquisition of redeemable noncontrolling interests and noncontrolling interests in a subsidiary (880) (138) 0 0
Proceeds from Hong Kong listing, net of issuance costs 19,873 3,120 0 0
Return of equity to noncontrolling interest shareholders (2,701) (424) 0 0
Other financing activities (109) (18) (230) (105)
Net cash (used in) provided by financing activities 23,396 3,671 5,665 (3,873)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (943) (148) (212) 1
Net increase in cash, cash equivalents and restricted cash 11,131 1,747 2,101 4,612
Cash, cash equivalents and restricted cash at the beginning of the year 36,540 5,733 34,439 29,827
Cash, cash equivalents and restricted cash at the end of the year 47,671 7,480 36,540 34,439
Supplemental disclosures:        
Interest paid 2,542 399 2,204 2,448
Income taxes paid 3,253 510 3,608 4,100
Non-cash investing and financing activities:        
Acquisition of fixed assets included in accounts payable and accrued liabilities 1,843 289 984 1,020
Non-cash acquisitions of investments 50 8 54 28
Reconciliation of cash, cash equivalents and restricted cash:        
Cash and cash equivalents 36,850 5,783 35,782 33,443
Restricted cash 10,821 1,697 758 996
Cash, cash equivalents and restricted cash at the end of the year ¥ 47,671 $ 7,480 ¥ 36,540 ¥ 34,439