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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.