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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
¥ in Thousands, $ in Thousands
9 Months Ended
Sep. 30, 2024
CNY (¥)
Sep. 30, 2024
USD ($)
Sep. 30, 2023
CNY (¥)
CASH FLOWS FROM OPERATING ACTIVITIES      
Net cash generated from operating activities ¥ 1,433,157 $ 204,223 ¥ 1,332,800
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchases of property and equipment (3,430,749) (488,878) (1,949,973)
Proceeds received from maturity of short-term investments 433,099 61,716 144,516
Proceeds from collection of the deposit associated with an acquisition 200,000 28,500  
Payments for long-term investments (52,665) (7,505) (511,299)
Payments for other investing activities (164,233) (23,401) (186,418)
Net cash used in investing activities (3,014,548) (429,568) (2,503,174)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from long-term bank borrowings 1,834,642 261,434 1,175,221
Proceeds from short-term bank borrowings 758,019 108,017 30,000
Repayment of short-term bank borrowings (235,749) (33,594)  
Repayment of long-term bank borrowings (478,909) (68,244) (206,985)
Repayments and deposits for other long-term borrowings (507,437) (72,309) (182,969)
Proceeds from other long-term borrowings 1,664,191 237,145 810,593
Proceeds from loan from a related party     350,000
Payments for purchase of property and equityment through finance leases (76,857) (10,952) (182,420)
Payments for other financing activities (108,460) (15,456) (80,804)
Net cash generated from (used in) financing activities (1,412,900) (201,338) 1,183,461
Effect of foreign exchange rate changes on cash and cash equivalents and restricted cash (22,729) (3,239) 21,633
Net increase (decrease) in cash and cash equivalents and restricted cash (3,017,020) (429,922) 34,720
Cash and cash equivalents and restricted cash at beginning of period 5,098,987 726,600 2,989,494
Cash and cash equivalents and restricted cash at end of period 2,081,967 296,678 3,024,214
Reconciliation of cash and cash equivalents and restricted cash to the consolidated balance sheets      
Cash and cash equivalents 1,524,819 217,285 2,702,523
Restricted cash-current 556,266 79,267 320,809
Restricted cash-non-current 882 126 882
Total cash and cash equivalents and restricted cash 2,081,967   3,024,214
2025 Convertible Notes      
CASH FLOWS FROM FINANCING ACTIVITIES      
Repurchase of Convertible Notes (Note 12)     ¥ (529,175)
2026 Convertible Notes      
CASH FLOWS FROM FINANCING ACTIVITIES      
Repurchase of Convertible Notes (Note 12) ¥ (4,262,340) $ (607,379)