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Consolidated Statements of Cash Flows
¥ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
CNY (¥)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
CNY (¥)
Dec. 31, 2019
CNY (¥)
Cash flows from operating activities:        
Net income (loss) ¥ 1,306,081 $ 204,952 ¥ (743,522) ¥ 863,759
Adjustments to reconcile net income (loss) to net cash provided by operating activities:        
Loss (gain) from disposal of property and equipment (6,063) (951) 572 1,163
Depreciation expense 146,567 23,000 98,452 105,432
Non-cash lease expenses 85,695 13,447 84,748 85,420
Share-based compensation expenses 51,037 8,009 59,789 94,897
Share-based settlement expense 19,908 3,124 1,290,811  
Income from equity in affiliates, net of dividends (206,218) (32,360) (60,397) (39,964)
(Gain) loss from disposal of subsidiaries     1,879 (3,971)
Provision for credit losses 112,959 17,726 8,083 130,723
Amortization of unearned lease income     (3,091) (37,961)
Impairment of long-term investments 10,000 1,569 115,100 104,365
Changes in investment fair value in the consolidated funds (2,520) (395) (11,383) (35,847)
Fair value changes of equity investments measured at fair value (67,420) (10,580) (6,458) (15,092)
Changes in operating assets and liabilities:        
Accounts receivable (362,996) (56,962) (219,330) 47,755
Amounts due from related parties 53,194 8,347 14,990 12,851
Other current assets 57,135 8,966 (96,832) 69,992
Other non-current assets (8,919) (1,400) (32,202) (11,521)
Accrued payroll and welfare expenses 240,925 37,807 149,903 (114,487)
Income taxes payable 49,483 7,765 14,034 73,109
Deferred revenues (7,982) (1,253) (29,080) (42,231)
Other current liabilities 191,420 30,038 (361,210) 16,356
Other non-current liabilities 99,165 15,561 (2,578) (32,285)
Contingent liabilities (11,398) (1,789) 530,433  
Lease assets and liabilities (93,805) (14,720) (22,463) (84,068)
Trading debt securities (14,804) (2,323)    
Deferred tax assets and liabilities (119,606) (18,769) (67,330) (62,364)
Acquisitions and sales of investment products     83,435 162,202
Net cash provided by operating activities 1,521,838 238,809 796,353 1,288,233
Cash flows from investing activities:        
Purchases of property and equipment (2,271,216) (356,403) (51,618) (65,333)
Proceeds from disposal of property and equipment 38,845 6,096    
Purchase of held-to-maturity investments (17,000) (2,668) (225,000) (74,500)
Proceeds from redemption of held-to-maturity investments 101,639 15,949 176,389 38,067
Purchases of available-for-sale investments (15,000) (2,354)   (16,056)
Proceeds from sale or redemption of available-for-sale investments 15,632 2,453   57,372
Purchases of short-term equity securities (18,975) (2,978)    
Proceeds from short-term equity securities 3,686 578    
Purchase of other long-term investments (91,256) (14,320) (6,454) (33,460)
Proceeds from sale of other long-term investments 8,465 1,328 26,606 231,171
Purchase of investments held by consolidated funds (3,327) (522)   (1,575,592)
Proceeds from investments held by consolidated funds 8,777 1,377 72,608 1,228,732
Loans to related parties (28,629) (4,493) (164,993) (318,055)
Principal collection of loans to related parties 18,101 2,840 174,523 314,099
Loans disbursement to third parties (1,007,378) (158,079) (417,934) (7,086,712)
Principal collection of loans originated to third parties 685,978 107,646 639,551 6,993,745
Increase in investments in affiliates (101,988) (16,004) (67,865) (39,916)
Capital return from investments in affiliates 129,507 20,322 168,344 57,570
Proceeds from disposal of subsidiaries, net of cash deconsolidated     20,331 115,219
Acquisitions, net of cash acquired (27,955) (4,387) 8,096 (8,363)
Net cash (used in) provided by investing activities (2,572,094) (403,619) 352,584 (182,012)
Cash flows from financing activities:        
Proceeds from issuance of ordinary shares upon exercise of stock options 11,114 1,744 33,372 31,686
Contribution from non-controlling interests 43,363 6,805   518,613
Distributions to non-controlling interests (5,772) (906) (28,335) (6,988)
Payments to acquire non-controlling interests in subsidiaries (178,807) (28,058) (4,000)  
Divestment of non-controlling interests (10,643) (1,670) (90,849)  
Payment for repurchase of ordinary shares (372,376) (58,434) (281,610)  
Net cash provided by (used in) financing activities (513,121) (80,519) (371,422) 543,311
Effect of exchange rate changes (46,714) (7,330) (148,745) 37,811
Net increases (decrease) in cash, cash equivalents and restricted cash (1,610,091) (252,659) 628,770 1,687,343
Cash, cash equivalents and restricted cash-beginning of the year 5,022,704 788,172 4,393,934 2,706,591
Cash, cash equivalents and restricted cash-end of the year 3,412,613 535,513 5,022,704 4,393,934
Supplemental disclosure of cash flow information:        
Cash paid for income taxes 364,120 57,139 310,586 209,975
Cash paid for interest expenses       430
Supplemental disclosure of non-cash investing and financing activities:        
Purchase of property and equipment in accounts payable 44,875 7,042 1,662 1,311
Conversion of convertible notes       145,004
Consideration payable of repurchase of ordinary shares     9,303  
Operating lease right-of-use assets obtained in exchange for operating lease liabilities 52,183 8,189 64,275 127,687
Reconciliation to amounts on consolidated balance sheets:        
Cash and cash equivalents 3,404,603 534,257 5,005,211 4,387,345
Restricted cash 510 80 9,993 6,589
Restricted cash - non-current included in other non-current assets 7,500 $ 1,176 7,500  
Total cash, cash equivalents and restricted cash ¥ 3,412,613   ¥ 5,022,704 ¥ 4,393,934