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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 (loss) income ¥ 971,589 $ 140,865 ¥ 1,306,081 ¥ (743,522)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:        
Loss (gain) from disposal of property and equipment 1,183 172 (6,063) 572
Depreciation expenses 155,968 22,613 146,567 98,452
Non-cash lease expenses 95,280 13,814 85,695 84,748
Share-based compensation expenses 42,300 6,133 51,037 59,789
Share-based settlement expenses     19,908 1,290,811
Income from equity in affiliates, net of dividends (33,708) (4,887) (206,218) (60,397)
Loss from disposal of subsidiaries       1,879
Provision for (reversal of) credit losses (424) (61) 112,959 8,083
Amortization of unearned lease income       (3,091)
Impairment of long-term investments     10,000 115,100
Fair value (gains) losses in the consolidated funds 10,483 1,520 (2,520) (11,383)
Fair value gains of equity investments measured at fair value (99,991) (14,496) (67,420) (6,458)
Changes in operating assets and liabilities:        
Accounts receivable 304,698 44,177 (362,996) (219,330)
Amounts due from related parties (2,040) (296) 53,194 14,990
Other current assets (17,001) (2,465) 57,135 (96,832)
Other non-current assets 33,622 4,875 (8,919) (32,202)
Accrued payroll and welfare expenses (277,594) (40,246) 240,925 149,903
Income taxes payable (63,412) (9,194) 49,483 14,034
Deferred revenues 4,336 629 (7,982) (29,080)
Other current liabilities (178,823) (25,927) 191,420 (361,210)
Other non-current liabilities (40,260) (5,837) 99,165 (2,578)
Contingent liabilities 99,000 14,354 (11,398) 530,433
Lease assets and liabilities (94,535) (13,706) (93,805) (22,463)
Trading debt securities (192,866) (27,963) (14,804)  
Deferred tax assets and liabilities (84,904) (12,310) (119,606) (67,330)
Acquisitions and sales of investment products       83,435
Net cash provided by operating activities 632,901 91,764 1,521,838 796,353
Cash flows from investing activities:        
Purchases of property and equipment (62,710) (9,092) (2,271,216) (51,618)
Proceeds from disposal of property and equipment     38,845  
Purchase of held-to-maturity investments (1,035) (150) (17,000) (225,000)
Proceeds from redemption of held-to-maturity investments 9,662 1,401 101,639 176,389
Purchases of available-for-sale investments     (15,000)  
Proceeds from sale or redemption of available-for-sale investments     15,632  
Purchases of short-term equity securities (1,722) (250) (18,975)  
Proceeds from short-term equity securities 3,887 564 3,686  
Purchase of other long-term investments (3,943) (572) (91,256) (6,454)
Proceeds from sale of other long-term investments 19,366 2,808 8,465 26,606
Purchase of investments held by consolidated funds (75,029) (10,878) (3,327)  
Proceeds from investments held by consolidated funds 30,627 4,440 8,777 72,608
Loans to related parties (21,375) (3,099) (28,629) (164,993)
Principal collection of loans to related parties 36,308 5,264 18,101 174,523
Loans disbursement to third parties (200,111) (29,012) (1,007,378) (417,934)
Principal collection of loans originated to third parties 348,446 50,521 685,978 639,551
Increase in investments in affiliates (73,296) (10,627) (101,988) (67,865)
Capital return from investments in affiliates 65,214 9,455 129,507 168,344
Proceeds from disposal of subsidiaries, net of cash deconsolidated       20,331
Acquisitions, net of cash acquired     (27,955) 8,096
Net cash provided by (used in) investing activities 74,289 10,773 (2,572,094) 352,584
Cash flows from financing activities:        
Proceeds from offering, net of issuance cost 247,015 35,814    
Proceeds from issuance of ordinary shares upon exercise of stock options 1,493 216 11,114 33,372
Contribution from non-controlling interests 17,680 2,563 43,363  
Distributions to non-controlling interests     (5,772) (28,335)
Payments to acquire non-controlling interests in subsidiaries     (178,807) (4,000)
Divestment of non-controlling interests (23,653) (3,429) (10,643) (90,849)
Payment for repurchase of ordinary shares     (372,376) (281,610)
Payments of assumed liability resulting from certain asset acquisition (8,774) (1,272)    
Net cash (used in) provided by financing activities 233,761 33,892 (513,121) (371,422)
Effect of exchange rate changes 81,054 11,751 (46,714) (148,745)
Net increase (decrease) in cash and cash equivalents 1,022,005 148,180 (1,610,091) 628,770
Cash and cash equivalents - beginning of year 3,412,613 494,782 5,022,704 4,393,934
Cash and cash equivalents - end of year 4,434,618 642,962 3,412,613 5,022,704
Supplemental disclosure of cash flow information:        
Cash paid for income taxes 407,494 59,081 364,120 310,586
Supplemental disclosure of non-cash investing and financing activities:        
Purchase of property and equipment in other current liabilities 36,763 5,330 44,875 1,662
Consideration payable of repurchase of ordinary shares       9,303
Operating lease right-of-use assets obtained in exchange for operating lease liabilities 55,761 8,085 52,183 64,275
Reconciliation to amounts on consolidated balance sheets:        
Cash and cash equivalents 4,403,915 638,508 3,404,603 5,005,211
Restricted cash 23,203 3,364 510 9,993
Restricted cash - non-current included in other non-current assets 7,500 $ 1,090 7,500 7,500
Total cash, cash equivalents and restricted cash ¥ 4,434,618   ¥ 3,412,613 ¥ 5,022,704