XML 54 R32.htm IDEA: XBRL DOCUMENT
v3.25.1

Parent Company Only Condensed Financial Information | 12 Months Ended
--- | ---
Dec. 31, 2024
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, 2023 and 2024, respectively. Condensed balance sheets
|  | December 31, 2023 |  |  | December 31, 2024 |
|  | RMB in thousands |
Cash and cash equivalents |  |  | 106,498 |  |  |  | 10,721 |
Amounts due from Group companies |  |  | 19,213,415 |  |  |  | 15,688,455 |
Prepayments and other current assets |  |  | 39,941 |  |  |  | 132,745 |
Short-term investments |  |  | 625,474 |  |  |  | 445,470 |
Long-term investments, net |  |  | 772,559 |  |  |  | 758,348 |
Investments in subsidiaries and net assets of VIEs and VIEs’ subsidiaries |  |  | — |  |  |  | 345,248 |
Total assets |  |  | 20,757,887 |  |  |  | 17,380,987 |
Short-term loan s and current portion of long-term debt |  |  | 6,053,767 |  |  |  | 31,657 |
Deferred revenue |  |  | 9,284 |  |  |  | 9,836 |
Accrued liabilities and other payables |  |  | 93,713 |  |  |  | 64,151 |
Other long-term payable |  |  | 15,931 |  |  |  | 3,166,946 |
Deficit in subsidiaries and net loss of VIEs and VIEs’ subsidiaries |  |  | 193,292 |  |  |  | — |
Total liabilities |  |  | 6,365,987 |  |  |  | 3,272,590 |
Total Bilibili Inc’s shareholders’ equity |  |  | 14,391,900 |  |  |  | 14,108,397 |
Total shareholders’ equity |  |  | 14,391,900 |  |  |  | 14,108,397 |
Total liabilities and shareholders’ equity |  |  | 20,757,887 |  |  |  | 17,380,987 |
Condensed statements of comprehensive loss and cash flows:
|  | For the Year Ended December 31, |
|  | 2022 |  |  | 2023 |  |  | 2024 |
|  | RMB in thousands |
Total costs and expenses |  |  | (30,558 | ) |  |  | (43,924 | ) |  |  | (24,139 | )
Net loss from subsidiaries and net loss of VIEs and VIEs’ subsidiaries |  |  | (7,685,211 | ) |  |  | (4,745,316 | ) |  |  | (1,009,762 | )
Gain/(loss) from non-operations |  |  | 218,756 |  |  |  | (33,081 | ) |  |  | (312,899 | )
Loss before income tax expenses |  |  | (7,497,013 | ) |  |  | (4,822,321 | ) |  |  | (1,346,800 | )
Net loss |  |  | (7,497,013 | ) |  |  | (4,822,321 | ) |  |  | (1,346,800 | )
|  | For the Year Ended December 31, |
|  | 2022 |  |  | 2023 |  |  | 2024 |
|  | RMB in thousands |
Net cash used in operating activities |  |  | (650,630 | ) |  |  | (111,392 | ) |  |  | (118,834 | )
Purchase of short-term investments |  |  | (33,683,941 | ) |  |  | (3,863 | ) |  |  | (70 | )
Maturities of short-term investments |  |  | 45,951,288 |  |  |  | 982,151 |  |  |  | 175,717 |
Placements of time deposits |  |  | (4,878,180 | ) |  |  | — |  |  |  | — |
Maturities of time deposits |  |  | 9,133,225 |  |  |  | 4,083,893 |  |  |  | — |
Investments and loans (to)/from subsidiaries, VIEs and VIEs’ subsidiaries |  |  | (13,131,173 | ) |  |  | 383,391 |  |  |  | 3,180,316 |
Other investing activities |  |  | 283,028 |  |  |  | (76,697 | ) |  |  | (147,691 | )
Net cash provided by investing activities |  |  | 3,674,247 |  |  |  | 5,368,875 |  |  |  | 3,208,272 |
Purchase of noncontrolling interests |  |  | — |  |  |  | (7,027 | ) |  |  | — |
Proceeds from exercise of employees’ share options |  |  | 4 |  |  |  | 2 |  |  |  | 10,268 |
Proceeds from issuance of ordinary shares, net of issuance costs |  |  | — |  |  |  | 2,689,380 |  |  |  | — |
Proceeds of short-term and long-term loan |  |  | — |  |  |  | — |  |  |  | 3,100,000 |
Repurchase of shares |  |  | (347,581 | ) |  |  | — |  |  |  | (117,523 | )
Repurchase of convertible senior notes |  |  | (4,201,506 | ) |  |  | (7,675,227 | ) |  |  | (6,058,432 | )
Net cash used in financing activities |  |  | (4,549,083 | ) |  |  | (4,992,872 | ) |  |  | (3,065,687 | )
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 VIEs under the equity method of accounting as prescribed in ASC 323, Investments—Equity Method and Joint Ventures. Such investments are presented on the condensed balance sheets as “Investments in subsidiaries and net assets of VIEs and VIEs’ subsidiaries/Deficit in subsidiaries and net loss of VIEs and VIEs’ subsidiaries” in the condensed balance sheets and share in the subsidiaries’ loss 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’s consolidated financial statements.

X
- References No definition available. + Details
Name: | srt_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | srt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481231/810-10-45-11 + Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration