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Consolidated Statements of Cash Flows
¥ in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2022
CNY (¥)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
CNY (¥)
Dec. 31, 2020
CNY (¥)
Cash flows from operating activities        
Net income (loss) ¥ 1,480,009 $ 214,580 ¥ (2,925,704) ¥ 2,100,392
Adjustments to reconcile net income to net cash provided by operating activities        
Depreciation of property and equipment 107,015 15,516 155,537 208,990
Amortization of intangible assets 5,116 742 109,062 157,258
Share-based compensation 401,484 58,209 475,771 678,686
Share of loss (income) on equity method investments (11,073) (1,605) 8,084 42,522
Impairment loss on goodwill and intangible assets 0 0 4,397,012 0
Gain on repurchase of convertible senior notes (129,575) (18,787) 0 0
Gain or loss on long-term investments 11,250 1,631 16,000 (1,500)
Gain on subsidiary deconsolidation 0 0 0 (6,676)
Gain on disposal of subsidiaries 0 0 (15,526) 0
Gain or loss on disposal of property and equipment (779) (113) 1,236 (282)
Provision of losses (income) on receivable and other assets (528) (77) (263) 46,075
Cash received on investment income distribution 1,708 248 0 1,153
Changes in operating assets and liabilities        
Accounts receivable 20,338 2,949 (10,374) 52,247
Prepaid expenses and other current assets (52,928) (7,674) (151,162) (59,117)
Amount due from a related party (55) (8) 0 4,382
Deferred tax assets 507 74 (2,354) 4,569
Rental deposits 1,399 203 (343) (4,265)
Other non-current assets 60,913 8,832 34,075 (138,484)
Accounts payable (115,384) (16,729) 30,475 (11,716)
Income tax payable (57,004) (8,265) (110,717) 82,514
Deferred revenue (56,387) (8,175) 35,106 8,910
Accrued expenses and other current liabilities (182,708) (26,490) 60,668 (120,363)
Amount due to related parties 4,162 603 (14,446) (10,144)
Deferred tax liabilities (187,119) (27,130) 180,173 (39,315)
Share-based compensation liability 0 0 (678,153) 0
Other non-current liabilities (73,470) (10,652) (34,959) 85,053
Net cash provided by operating activities 1,226,891 177,882 1,559,198 3,080,889
Cash flows from investing activities        
Purchase of property and equipment (80,445) (11,663) (95,323) (124,143)
Payment for long-term investments (70,343) (10,199) (415,052) (13,500)
Purchase of short-term deposits (1,700,000) (246,477) (4,976,688) (14,949,665)
Cash received on maturity of short-term deposits 5,410,000 784,376 9,667,570 19,577,159
Cash received on investment income distribution 3,523 511 5,610 0
Cash of disposed subsidiaries 0 0 (8,750) 0
Purchase of long-term deposits (2,750,000) (398,713) (1,850,000) (5,250,000)
Cash received on maturity of long-term deposits 1,200,000 173,984 200,000 0
Payment for short-term investments (300,000) (43,496) 0 (10,000)
Cash received from sales of short-term investment 0 0 0 10,000
Cash received from sales of long term investment 0 0 20,000 12,000
Other investing activities 3,110 451 2,975 (317)
Net cash (used in ) provided by investing activities 1,715,845 248,774 2,550,342 (748,466)
Cash flows from financing activities        
Deferred payment for business acquisition (21,421) (3,106) (12,957) (18,354)
Proceeds from exercise of share options 163 24 776 226
Repurchase of ordinary shares (392,374) (56,889) (862,865) (330,207)
Repurchase of subsidiary's share options (40,943) (5,936) (59,120) (25,832)
Dividends payment (840,997) (121,933) (852,743) (1,123,983)
Payment for redemption of convertible bonds (2,136,987) (309,834) 0 0
Net cash used in financing activities (3,432,559) (497,674) (1,786,909) (1,498,150)
Effect of exchange rate changes 41,390 6,001 (41,669) (80,944)
Net increase (decrease) in cash, cash equivalent and restricted cash (448,433) (65,017) 2,280,962 753,329
Cash and cash equivalents and restricted cash at the beginning of year 5,647,034 818,743 3,366,072 2,612,743
Cash, cash equivalent and restricted cash at the end of year 5,198,601 753,726 5,647,034 3,366,072
Non-cash investing and financing activities        
Payable for purchase of property and equipment 9,467 1,373 4,878 8,403
Right-of-use assets acquired in operating lease ¥ 22,238 $ 3,224 ¥ 166,844 ¥ 236,499