XML 51 R32.htm IDEA: XBRL DOCUMENT v3.23.1
Parent Company Only Condensed Financial Information
 12 Months Ended
Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract]  
Parent Company Only Condensed Financial Information
24.
Parent Company Only Condensed Financial Information
The Company performed a test on the restricted net assets of its consolidated subsidiaries and the VIEs in accordance with Securities and Exchange Commission Regulation
S-X
Rule
4-08
(e) (3), General Notes to Financial Statements and concluded that it was applicable for the Company to disclose the financial information for the Company only.
The subsidiaries did not pay any dividend to the Company for the years presented. Certain information and footnote disclosures generally included in financial statements prepared in accordance with US GAAP have been condensed and omitted. The footnote disclosures contain supplemental information relating to the operations of the Company, as such, these statements are not the general-purpose financial statements of the reporting entity and should be read in conjunction with the notes to the consolidated financial statements of the Company.
The Company did not have significant capital and other commitments, or guarantees as of December 31, 2021 and 2022.
Condensed balance sheets
 

 
  
December 31,

2021
 
  
December 31,

2022
 
 
  
RMB in thousands
 
Cash and cash equivalents
      1,748,896        270,138  
Time deposits
      7,625,337        4,067,326  
Amounts due from Group companies
      23,306,176        22,313,954  
Prepayments and other current assets
      11,773        61,631  
Short-term investments
      13,107,720        1,091,044  
Long-term investments, net
      1,448,100        1,157,990  
Investment in subsidiaries
 
and net asset
s
of
 VIEs and VIEs’ subsidiaries
      —          226,249  
    
 
 
     
 
 
  
Total assets
   
 
47,248,002
 
   
 
29,188,332
 
    
 
 
     
 
 
  
Short-term loan and current portion of long-term debt
      —          5,137,633  
Deferred revenue
      40,167        32,513  
Accrued liabilities and other payables
      126,512        97,208  
Other long-term
liabilities
      17,784,092        8,683,150  
Deficit in subsidiaries
 an
d net loss of
VIEs and VIEs’ subsidiaries
      7,593,564        —  
    
 
 
     
 
 
  
Total liabilities
   
 
25,544,335
 
   
 
13,950,504
 
    
 
 
     
 
 
  
Total Bilibili Inc’s shareholders’ equity
      21,703,667        15,237,828  
Total shareholders’ equity
   
 
21,703,667
 
   
 
15,237,828
 
    
 
 
     
 
 
  
Total liabilities and shareholders’ equity
   
 
47,248,002
 
   
 
29,188,332
 
    
 
 
     
 
 
  
 
 
Condensed statements of comprehensive loss and cash flows
:
 
                                                                                  
    
For the Year Ended December 31,
  
    
2020
     
2021
     
2022
  
    
RMB in thousands
  
Total costs and expenses
   
 
(44,090
) 
   
 
(12,405
) 
   
 
(30,558
) 
Net Loss from subsidiaries and net loss of VIEs and VIEs’ subsidiaries
   
 
(2,940,906
) 
   
 
(6,713,764
) 
   
 
(7,685,211
) 
(Loss)/Gain from
non-operations
   
 
(26,708
) 
   
 
(63,059
) 
   
 
218,756
 
    
 
 
     
 
 
     
 
 
  
Loss before income tax expenses
   
 
(3,011,704
) 
   
 
(6,789,228
) 
   
 
(7,497,013
) 
    
 
 
     
 
 
     
 
 
  
Net loss
   
 
(3,011,704
) 
   
 
(6,789,228
) 
   
 
(7,497,013
) 
    
 
 
     
 
 
     
 
 
  
 
    
For the Year Ended December 31,
  
    
2020
     
2021
     
2022
  
    
RMB in thousands
  
Net cash used in operating activities
   
 
(113,574
) 
   
 
(104,672
) 
   
 
(650,630
 )
    
 
 
     
 
 
     
 
 
  
Purchase of short-term investments
      (455,347 )       (48,781,106 )       (33,683,941 ) 
Maturities of short-term investments
      465,726        36,744,305        45,951,288  
Placements of time deposits
      (9,604,228 )       (10,658,126 )       (4,878,180 )
Maturities of time deposits
      4,925,241        7,600,828        9,133,225  
Investments in and loans to subsidiaries, VIEs and VIEs’ subsidiaries
      (5,102,250 )       (11,168,671 )       (13,131,173 )
Other investing activities
      (600,067 )       (1,153,850 )       283,028  
    
 
 
     
 
 
     
 
 
  
Net cash (used in)/provided by investing activities
   
 
(10,370,925
) 
   
 
(27,416,620
) 
   
 
3,674,247
 
    
 
 
     
 
 
     
 
 
  
Proceeds from exercise of employees’ share options
      3        3        4  
Proceeds from issuance of ordinary shares, net of issuance costs of US$563 and
HKD337,143, nil, respectively
      2,817,458        19,288,423        —  
Repurchase of convertible senior notes
      —          —          (4,201,506 )
Proceeds from issuance of convertible senior notes, net of issuance costs of US$13,857, US$23,402 and nil,
respectively
      5,594,779        10,085,520        —  
Repurchase of shares
      —          —          (347,581 )
Net cash provided by/(used in) financing activities
   
 
8,412,240
 
   
 
29,373,946
 
   
 
(4,549,083
 )
    
 
 
     
 
 
     
 
 
  
Basis of presentation
The Company’s accounting policies are the same as the Group’s accounting policies with the exception of the accounting for the investments in subsidiaries and VIEs.
For the Company only condensed financial information, the Company records its investments in subsidiaries and net assets of VIEs under the equity method of accounting as prescribed in ASC 323, Investments—Equity Method and Joint Ventures.
Share in the subsidiaries’ loss and loss of VIEs and VIEs’ subsidiaries are presented as “Net Loss from subsidiaries and net loss of VIEs and VIEs’ subsidiaries” in the condensed statements of comprehensive loss. The parent company only condensed financial information should be read in conjunction with the Group’ consolidated financial statements.