Operations (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Company's major subsidiaries and VIEs and subsidiaries of the VIEs

As of December 31, 2022, the Company’s major subsidiaries, VIEs and subsidiaries of the VIEs are as follows:


Major Subsidiaries	Place and Year of Incorporation	Percentage of Direct or Indirect Economic Ownership	Principal Activities
Bilibili HK Limited	Hong Kong, 2014	100	Investment holding
Hode HK Limited	Hong Kong, 2014	100	Investment holding
Chaodian HK Limited	Hong Kong, 2019	100	Investment holding
Bilibili Co., Ltd.	Japan, 2014	100	Business development
Hode Shanghai Limited (“Hode Shanghai”)	PRC, 2014	100	Technology development
Shanghai Bilibili Technology Co., Ltd.	PRC, 2016	100	Technology development
Chaodian (Shanghai) Technology Co., Ltd .	PRC, 2019	100	E-commerce and advertising


Major VIEs and VIEs’ subsidiaries	Place and Year of Incorporation Acquisition		Percentage of Direct or Indirect Economic Interest	Principal Activities
Shanghai Hode Information Technology Co., Ltd. (“Hode Information Technology”)		PRC, 2013	100*	Mobile game operation
Shanghai Kuanyu Digital Technology Co., Ltd. (“Shanghai Kuanyu”)		PRC, 2014	100*	Video distribution and game distribution
Sharejoy Network Technology Co., Ltd. (“Sharejoy Network”)		PRC, 2014	100*	Game distribution
Shanghai Hehehe Culture Communication Co., Ltd. (“Shanghai Hehehe”)		PRC, 2014	100*	Comics distribution
Shanghai Anime Tamashi Cultural Media Co., Ltd. (“Shanghai Anime Tamashi”)		PRC, 2015	100*	E-commerce

*	Hode Shanghai is the primary beneficiary of the major VIEs and VIEs’ subsidiaries .

Schedule of combined financial information of the Group's VIEs included in the accompanying consolidated financial statements of the Group

The following combined financial information of the Group’s VIEs as of December 31, 2021 and 2022 and for the years ended December 31, 2020, 2021 and 2022 included in the accompanying consolidated financial statements of the Group was as follows:


	December 31, 2021			December 31, 2022

	RMB in thousands
Cash and cash equivalents		377,114			1,590,440
Time deposits		6,997			4,186
Accounts receivable, net		524,311			619,927
Amounts due from Group companies		391,951			507,849
Amount due from related parties		101,983			119,857
Prepayments and other current assets		1,806,185			883,903
Short-term investments		927,124			272,340
Long-term investments, net		1,745,466			1,852,740
Other non-current assets		4,926,989			5,852,315

Total assets		10,808,120			11,703,557

Accounts payable		3,164,301			3,452,192
Salary and welfare payables		343,008			343,786
Taxes payable		128,817			165,162
Short-term loan		400,000			400,000
Deferred revenue		2,192,460			2,138,539
Accrued liabilities and other payables		1,184,523			531,188
Amounts due to the Group companies		7,214,146			12,415,760
Amounts due to related parties		117,901			27,929
Other long-term liabilities		222,719			269,623

Total liabilities		14,967,875			19,744,179

Total Bilibili Inc’s shareholders’ deficit		(4,170,459	)		(8,042,238	)
Noncontrolling interests		10,704			1,616

Total shareholders’ deficit		(4,159,755	)		(8,040,622	)

Total liabilities and shareholders’ deficit		10,808,120			11,703,557


	For the Year Ended December 31,
	2020			2021			2022

	RMB in thousands
Third-party revenues		9,651,207			12,867,536			14,876,639
Inter-company revenues		667,765			1,574,896			1,198,107

Total revenues		10,318,972			14,442,432			16,074,746
Third-party costs and expenses		(9,931,047	)		(16,283,295	)		(18,436,865	)
Inter-company consulting and services costs and expenses		(1,021,596	)		(593,272	)		(726,875	)
Other inter-company costs and expenses		(201,587	)		(271,096	)		(418,667	)

Total costs and expenses		(11,154,230	)		(17,147,663	)		(19,582,407	)
Gain/(Loss) from non-operations		8,368			(163,146	)		(268,584	)

Loss before income tax expenses		(826,890	)		(2,868,377	)		(3,776,245	)
Income tax		(27,080	)		(38,997	)		(89,660	)

Net loss		(853,970	)		(2,907,374	)		(3,865,905	)
Net loss attributable to noncontrolling interests		8,501			10,367			9,088

Net loss attributable to Bilibili Inc.’s shareholders		(845,469	)		(2,897,007	)		(3,856,817	)


	For the Year Ended December 31,
	2020			2021			2022

	RMB in thousands
Consulting and services charges to Group companies		(1,074,899	)		(637,787	)		(610,600	)
Other operating cashflow from Group companies		586,017			1,683,907			3,863,991
Operating cashflow from/(to) third-parties		1,965,376			(1,729,079	)		(2,339,697	)

Net cash provided by/ (used in) operating activities		1,476,494			(682,959	)		913,694

Purchase of short-term investments		(13,973,904	)		(12,610,305	)		(7,335,115	)
Maturities of short-term investments		13,498,485			12,954,425			7,970,552
Placements of time deposits		(25,515	)		(39,318	)		(1,270	)
Maturities of time deposits		7,896			54,319			4,444
Other investing activities		(1,928,125	)		(3,265,756	)		(2,188,712	)

Net cash used in investing activities		(2,421,163	)		(2,906,635	)		(1,550,101	)

Investments and loans from Group companies		990,287			3,307,226			1,884,890
Other financing activities		100,000			300,000			—

Net cash provided by financing activities		1,090,287			3,607,226			1,884,890

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

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