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Schedule I-Condensed Financial Information | 12 Months Ended
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Dec. 31, 2018
Schedule I-Condensed Financial Information |
Schedule I-Condensed Financial Information | VIPSHOP HOLDINGS LIMITED Schedule I—Condensed Financial Information Statements of Income and Comprehensive Income (All amounts in thousands)
|  | Year ended December 31,
|  | 2016 |  | 2017 |  | 2018 |  | 2018
|  | RMB |  | RMB |  | RMB |  | US$
General and administrative expenses |  | (490,939) |  | (696,832) |  | (694,847) |  | (101,061)
Other operating income |  | — |  | 77,513 |  | 36,087 |  | 5,249
Loss from operations |  | (490,939) |  | (619,319) |  | (658,760) |  | (95,812)
Interest expenses |  | (84,148) |  | (54,665) |  | (57,293) |  | (8,333)
Share of results of equity method investees |  | (65,492) |  | (21,319) |  | 1,642 |  | 239
Equity income of subsidiaries and VIEs |  | 2,677,396 |  | 2,644,958 |  | 2,843,198 |  | 413,526
Net income |  | 2,036,817 |  | 1,949,655 |  | 2,128,787 |  | 309,620
Other comprehensive income, net of tax of nil: |  |  |  |  |  |  |  |
Foreign currency translation adjustments |  | (292,152) |  | 342,348 |  | (7,083) |  | (1,030)
Share of comprehensive income/(loss) of subsidiaries |  | 19,525 |  | (22,982) |  | — |  | —
Comprehensive income attributable to Vipshop Holdings Limited's shareholders |  | 1,764,190 |  | 2,269,021 |  | 2,121,704 |  | 308,590
VIPSHOP HOLDINGS LIMITED Schedule I—Condensed Financial Information Balance Sheets (All amounts in thousands, except for share and per share data)
|  | As of December 31,
|  | 2017 |  | 2018 |  | 2018
|  | RMB |  | RMB |  | US$
ASSETS |  |  |  |  |  |
Cash and cash equivalents |  | 327,314 |  | 212 |  | 31
Investment in an equity method investee |  | 46,630 |  | 48,292 |  | 7,024
Investment in subsidiaries and VIEs |  | 9,093,924 |  | 11,937,122 |  | 1,736,182
Amount due from subsidiaries and VIEs |  | 8,941,899 |  | 9,614,563 |  | 1,398,380
TOTAL ASSETS |  | 18,409,767 |  | 21,600,189 |  | 3,141,617
LIABILITIES AND EQUITY |  |  |  |  |  |
Accrued expenses and other current liabilities |  | 20,345 |  | 11,106 |  | 1,613
Convertible senior notes |  | 4,094,903 |  | 4,327,268 |  | 629,375
Total liabilities |  | 4,115,248 |  | 4,338,374 |  | 630,988
EQUITY |  |  |  |  |  |
Class A ordinary shares (US$0.0001 par value, 483,489,642 shares authorized, and 114,716,587 and 116,395,883 shares issued and outstanding as of December 31, 2017 and 2018, respectively) |  | 74 |  | 75 |  | 11
Class B ordinary shares (US$0.0001 par value, 16,510,358 shares authorized, and 16,510,358 and 16,510,358 shares issued and outstanding as of December 31, 2017 and 2018, respectively) |  | 11 |  | 11 |  | 2
Additional paid-in capital |  | 8,715,995 |  | 9,385,216 |  | 1,365,023
Retained earnings |  | 5,602,681 |  | 7,907,396 |  | 1,150,083
Accumulated other comprehensive loss |  | (24,242) |  | (30,883) |  | (4,490)
Total shareholders’ equity |  | 14,294,519 |  | 17,261,815 |  | 2,510,629
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY |  | 18,409,767 |  | 21,600,189 |  | 3,141,617
VIPSHOP HOLDINGS LIMITED Schedule I—Condensed Financial Information STATEMENTS OF CASH FLOWS (All amounts in thousands)
|  | Year ended December 31,
|  | 2016 |  | 2017 |  | 2018 |  | 2018
|  | RMB |  | RMB |  | RMB |  | US$
Cash flow from operating activities: |  |  |  |  |  |  |  |
Net income |  | 2,036,817 |  | 1,949,655 |  | 2,128,787 |  | 309,620
Adjustments to reconcile net income to net cash by operating activities: |  |  |  |  |  |  |  |
Equity income of subsidiaries and variable interest entities |  | (2,677,396) |  | (2,644,958) |  | (2,843,198) |  | (413,526)
Share of results of equity method investees |  | 65,492 |  | 21,319 |  | (1,642) |  | (239)
Share-based compensation expenses |  | 475,653 |  | 667,098 |  | 671,210 |  | 97,623
Amortization of debt issuance cost |  | 35,824 |  | 5,950 |  | — |  | —
Changes in operating assets and liabilities: |  |  |  |  |  |  |  |
Investment in subsidiaries and VIEs |  | — |  | — |  | 176,370 |  | 25,652
Accrued expenses and other current liabilities |  | 23,924 |  | 53,870 |  | (10,115) |  | (1,472)
Deferred income |  | 35,688 |  | (44,109) |  | — |  | —
Net cash (used in) generated from operating activities |  | (3,998) |  | 8,825 |  | 121,412 |  | 17,658
Cash flows from investing activities: |  |  |  |  |  |  |  |
Amounts due from (to) subsidiaries and VIEs |  | 192,523 |  | (5,277,028) |  | (452,366) |  | (65,794)
Net cash provided by (used in) investing activities |  | 192,523 |  | (5,277,028) |  | (452,366) |  | (65,794)
Cash flows from financing activities: |  |  |  |  |  |  |  |
Repurchase of ordinary shares |  | (193,619) |  | — |  | — |  | —
Proceeds from issuance of ordinary shares upon exercise of share options |  | 5,747 |  | 5,969 |  | 3,947 |  | 574
Partial redemption of convertible senior notes |  | — |  | (21,697) |  | — |  | —
Proceeds from issuance of ordinary shares to new investors |  | — |  | 5,610,337 |  | — |  | —
Net cash (used in) provided by financing activities |  | (187,872) |  | 5,594,609 |  | 3,947 |  | 574
Effect of exchange rate changes on cash and cash equivalents |  | 44 |  | (44) |  | (95) |  | (13)
Net increase in cash and cash equivalents |  | 697 |  | 326,362 |  | (327,102) |  | (47,575)
Cash and cash equivalents at beginning of the period |  | 255 |  | 952 |  | 327,314 |  | 47,606
Cash and cash equivalents at end of the period |  | 952 |  | 327,314 |  | 212 |  | 31
VIPSHOP HOLDINGS LIMITED NOTE TO SCHEDULE I (All amounts in thousands, except for share or per share data) Schedule I has been provided pursuant to the requirement of Rule 12-04(a) and 4-08(e)(3) of Regulation S-X, which require condensed financial information as to financial position, cash flows and results of operations of a parent company as of the same dates and for the same periods for which audited consolidated financial statements have been presented when the restricted net assets of the consolidated and unconsolidated subsidiaries together exceed 25 percent of consolidated net assets as of end of the most recently completed fiscal year. As of December 31, 2018, RMB6,762,570 of the restricted capital and reserves are not available for distribution respectively, and as such, the condensed financial information of Vipshop Holdings Limited (“Parent Company”) has been presented. Relevant PRC laws and regulations also restrict the subsidiaries in PRC, the VIEs and VIEs' subsidiaries from transferring a portion of their net assets to the Company in the form of loans and advances or cash dividends. No dividends have been paid by the subsidiaries in the PRC of the Company or the VIEs to the Company during the periods presented. Total restricted net assets of the Group represent net assets of the subsidiaries in the PRC, the VIEs and VIE's subsidiaries. The balance of restricted net assets was RMB6,637,007 as of December 31, 2018. During each of the three years in the period ended December 31, 2018, no cash dividend was declared and paid by the Parent Company. As of December 31, 2018, there were no material contingencies, significant provisions of long-term obligations, and mandatory dividend or redemption requirements of redeemable shares or guarantees of the Company, except for those which have been separately disclosed in the Consolidated Financial Statement, if any. Basis of preparation The condensed financial information of the Parent Company has been prepared using the same accounting policies as set out in its consolidated financial statements, except that the Parent Company has used the equity method to account for its investment in its subsidiaries, VIEs and VIEs' subsidiaries. Accordingly, the condensed financial information presented herein represents the financial information of the Parent Company. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted. The footnote discloses certain supplemental information relating to the operations of the Company and, as such, these statements should be read in conjunction with the notes to the accompanying Consolidated Financial Statements.

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- 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=108774443&loc=d3e5283-111683 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 235 -Section S99 -Paragraph 2 -Subparagraph (SX 210.9-06) -URI http://asc.fasb.org/extlink&oid=6882215&loc=d3e537971-122884 + Details
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