XML 26 R8.htm IDEA: XBRL DOCUMENT v3.25.1
CONSOLIDATED STATEMENTS OF CASH FLOWS
¥ in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2024
CNY (¥)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
CNY (¥)
Dec. 31, 2022
CNY (¥)
Operating activities:        
Net (loss) income ¥ 3,102 $ 425 ¥ 4,131 ¥ (1,849)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:        
Share-based compensation 322 44 143 87
Depreciation and amortization 1,332 183 1,414 1,456
Amortization of issuance cost of convertible senior notes and upfront fee on bank borrowings 5 0 34 57
Deferred income taxes 113 15 29 (268)
Credit loss 3 0 89 82
Impairment loss 537 74 516 491
Loss from equity method investments, net of dividends 97 13 72 85
Foreign currency exchange loss (gain) 263 36 (119) 341
Investment loss (income) (13) (2) (806) 321
Noncash lease expense 2,300 315 2,163 2,257
Others 23 4 48 (54)
Changes in operating assets and liabilities, net of effect of acquisitions:        
Accounts receivable (95) (13) 296 (621)
Other assets 13 2 6 149
Salary and welfare payables 121 17 402 63
Deferred revenue 467 64 576 (19)
Accrued expenses and other current liabilities 752 103 1,133 507
Operating lease liabilities (2,453) (336) (2,548) (1,608)
Income tax payable 251 34 62 82
Other long-term liabilities 382 53 84 20
Others, net (4) (1) (51) (15)
Net cash provided by operating activities 7,518 1,030 7,674 1,564
Investing activities:        
Purchases of property and equipment (883) (121) (894) (1,049)
Purchases of intangible asset (15) (2) (7) (4)
Acquisitions, net of cash received     0 (57)
Purchases of investments (4,017) (550) (3,509) (401)
Proceeds from maturity/sale and return of investments 2,563 351 2,972 937
Origination of loan receivables (178) (24) (226) (175)
Collection of loan receivables 217 29 137 212
Other investing activities 74 10 50 15
Net cash used in investing activities (2,239) (307) (1,477) (522)
Financing activities:        
Proceeds from issuance of ordinary shares     1,973  
Proceeds from Termination of Capped Call       86
Payment of repurchases of ordinary shares (1,172) (161) (848) (334)
Proceeds from short-term debt 77 11 745 4,249
Repayment of short-term debt (367) (50) (3,436) (1,935)
Proceeds from long-term debt 490 67 350 2,797
Repayment of long-term debt (140) (19) (2,336) (2,364)
Proceeds from long-term finance liabilities 72 10 74 55
Repayment of long-term finance liabilities (73) (10) (66) (49)
Dividends paid (3,480) (477)   (416)
Repayment of convertible senior notes     0 (3,406)
Principal payments of finance lease (65) (9) (82) (40)
Purchase of prepaid put option (710) (97)    
Other financing activities (136) (19) (94) (37)
Net cash used in financing activities (5,504) (754) (3,720) (1,394)
Effect of exchange rate changes on cash and cash equivalents, and restricted cash 30 4 164 297
Net (decrease) increase in cash, cash equivalents and restricted cash, including cash and cash equivalents classified within assets held for sale (195) (27) 2,641 (55)
Less: net increase (decrease) in cash and cash equivalents classified within assets held for sale (9) (1) 17  
Cash, cash equivalents and restricted cash at the beginning of the year 7,710 1,057 5,086 5,141
Cash, cash equivalents and restricted cash at the end of the year 7,524 1,031 7,710 5,086
Cash and cash equivalents 7,474   6,946 3,583
Restricted cash 50   764 1,503
Total cash, cash equivalents and restricted cash shown in the statements of cash flows 7,524   7,710 5,086
Supplemental disclosure of cash flow information:        
Interest paid, net of amounts capitalized 166 23 263 256
Income taxes paid 1,310 179 1,127 385
Supplemental schedule of non-cash investing and financing activities:        
Purchases of property and equipment included in payables ¥ 437 $ 60 ¥ 477 ¥ 652