XML 98 R8.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Cash Flows
¥ in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2019
CNY (¥)
Dec. 31, 2019
USD ($)
Dec. 31, 2018
CNY (¥)
Dec. 31, 2017
CNY (¥)
Cash flows from operating activities:        
Net income ¥ 863,759 $ 124,069 ¥ 803,746 ¥ 761,862
Adjustments to reconcile net income to net cash provided by operating activities:        
Loss from disposal of property and equipment 1,163 167 304 135
Depreciation and amortization 105,432 15,144 92,282 81,964
Noncash lease expense 85,420 12,270    
Share-based compensation 94,897 13,631 112,763 93,635
Income from equity in affiliates, net of dividends (39,964) (5,740) (14,469) (92,136)
Income from disposal of subsidiaries (3,971) (570) (31,219)  
Provision for doubtful accounts 130,723 18,777 (688) 2,093
Amortization of unearned income for financial leases (37,961) (5,453) (62,285) (11,723)
Impairment of long-term investments 104,365 14,991    
Changes in investment fair value in the consolidated funds (35,847) (5,149)   3,608
Fair value change of equity investments measured by fair value (15,092) (2,168) 6,342  
Changes in operating assets and liabilities:        
Accounts receivable 47,755 6,860 (99,969) 21,464
Amounts due from related parties 12,851 1,846 (56,747) (173,775)
Other current assets 69,992 10,054 18,512 (96,470)
Other non-current assets (11,521) (1,655) (648) 3,055
Accrued payroll and welfare expenses (114,487) (16,445) 45,118 53,140
Income taxes payable 73,109 10,501 35,754 (3,487)
Deferred revenues (42,231) (6,066) (58,330) 108,002
Other current liabilities 16,356 2,349 201,644 124,293
Other non-current liabilities (32,285) (4,637) (77,942) 31,882
Amounts due to related parties     (134) (11,997)
Change in lease assets and liabilities (84,068) (12,076)    
Deferred tax assets and liabilities (62,364) (8,958) (40,730) (16,928)
Acquisitions and sales of financial products 162,202 23,300 156,082 (250,068)
Other operating cash flows       (166)
Net cash provided by operating activities 1,288,233 185,042 1,029,386 628,383
Cash flows from investing activities:        
Purchases of property and equipment (65,333) (9,384) (128,223) (152,712)
Purchase of held-to-maturity investments (74,500) (10,701)   (101,000)
Proceeds from redemption of held-to-maturity investments 38,067 5,468 135,000 180,580
Purchases of available-for-sale investments (16,056) (2,306) (43,904) (663,537)
Proceeds from sale or redemption of available-for-sale investments 57,372 8,241 97,551 721,487
Purchase of other long-term investments (33,460) (4,806) (197,233) (371,917)
Proceeds from sale of other long-term investments 231,171 33,206 151,434 63,836
Purchase of investments held by consolidated fund (1,575,592) (226,320)   (52,638)
Proceeds from investments held by consolidated funds 1,228,732 176,496    
Loans to related parties (318,055) (45,685)   (101,639)
Principal collection of loans to related parties 314,099 45,117 31,573 95,116
Loans disbursement to third parties (7,086,712) (1,017,942) (13,590,068) (5,532,111)
Principal collection of loans originated to third parties 6,993,745 1,004,589 13,707,549 4,878,539
Increase in investment in affiliates (39,916) (5,734) (946,491) (341,951)
Capital return from investment in affiliates 57,570 8,269 605,551 49,099
Proceeds from disposal of subsidiaries, net of cash deconsolidated 115,219 16,550 (25,232) (5,009)
Acquisition, net of cash acquired (8,363) (1,202) (193,184)  
Purchase of loan receivables from factoring business     (34,904) (200,000)
Collection of loan receivables from factoring business     34,904 700,000
Net cash used in investing activities (182,012) (26,144) (395,677) (833,857)
Cash flows from financing activities:        
Proceeds from issuance of ordinary shares upon exercise of stock options 31,686 4,551 45,896 19,692
Contribution from non-controlling shareholders of subsidiaries 518,613 74,495 63,929 35,123
Decrease in Mezzanine Equity - Redeemable non-controlling Interest of a Subsidiary       (343,346)
Return of non-controlling interests of subsidiaries (6,988) (1,004)   (1,970)
Prepayment from an investor to acquire interest in one subsidiary       30,000
Payments related to transfer of rights to the loan receivables from factoring business     34,904 200,000
Proceeds related to transfer of rights to the loan receivables from factoring business     (34,904) (700,000)
Payment for repurchase of ordinary shares       (31,288)
Net cash provided by (used in) financing activities 543,311 78,042 109,825 (791,789)
Effect of exchange rate changes 37,811 5,432 56,304 (79,494)
Net increases (decrease) in cash, cash equivalents and restricted cash 1,687,343 242,372 799,838 (1,076,757)
Cash and cash equivalents-beginning of year 2,706,591 388,777 1,906,753 2,983,510
Cash and cash equivalents-end of year 4,393,934 631,149 2,706,591 1,906,753
Supplemental disclosure of cash flow information:        
Cash paid for income taxes 209,975 30,161 211,503 205,039
Cash paid for interest expenses 430 62 13,022 23,737
Supplemental disclosure of non-cash investing and financing activities:        
Purchase of property and equipment in accounts payable 1,311 188 9,572 3,577
Conversion of convertible notes 145,004 20,829 342,969 33,266
Operating lease right-of-use assets obtained in exchange for operating lease liabilities 127,687 18,341    
Reconciliation to amounts on consolidated balance sheets:        
Cash and cash equivalents 4,387,345 630,203 2,704,091 1,906,753
Restricted cash 6,589 946 2,500  
Total cash, cash equivalents and restricted cash ¥ 2,706,591 $ 631,149 ¥ 2,706,591 ¥ 1,906,753