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Leases | 12 Months Ended
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Dec. 31, 2021
Leases [Abstract] |
Leases |
11. | LEASES
The Group has operating leases arrangements for their regional processing centers, frontline fulfillment stations, office space, vehicles and equipment. A summary of supplemental information related to operating leases as of December 31, 2020 and 2021 is as follows:
|  | As of December 31, |
|  | 2020 |  |  | 2021 |  |  | 2021 |
|  | RMB |  |  | RMB |  |  | US$ |
|  | (in thousands) |
Operating lease right-of-use assets |  |  | 1,503,222 |  |  |  | 2,245,571 |  |  |  | 352,379 |
Operating lease liabilities, current |  |  | 594,787 |  |  |  | 969,494 |  |  |  | 152,135 |
Operating lease liabilities, non-current |  |  | 871,685 |  |  |  | 1,244,096 |  |  |  | 195,226 |
Total operating lease liabilities |  |  | 1,466,472 |  |  |  | 2,213,590 |  |  |  | 347,361 |
Weighted average remaining lease term |  |  | 2.85 years |  |  |  | 2.79 years |  |  |  | 2.79 years |
Weighted average discount rate |  |  | 6.4 | % |  |  | 6.8 | % |  |  | 6.8 | %
A summary of lease cost recognized in the Group’s consolidated statements of comprehensive loss and supplemental cash flow information related to operating leases is as follows:
|  | For the years ended December 31, |
|  | 2019 |  |  | 2020 |  |  | 2021 |  |  | 2021 |
|  | RMB |  |  | RMB |  |  | RMB |  |  | US$ |
|  | (in thousands) |
Operating lease cost |  |  | 165,733 |  |  |  | 475,064 |  |  |  | 953,325 |  |  |  | 149,597 |
Short-term lease cost |  |  | 1,859 |  |  |  | 7,391 |  |  |  | 12,227 |  |  |  | 1,919 |
Variable lease cost |  |  | — |  |  |  | — |  |  |  | 8,247 |  |  |  | 1,294 |
Total |  |  | 167,592 |  |  |  | 482,455 |  |  |  | 973,799 |  |  |  | 152,810 |
Cash paid for operating leases |  |  | 168,787 |  |  |  | 500,458 |  |  |  | 1,002,511 |  |  |  | 157,316 |
Right-of-use assets obtained in exchange for operating lease liabilities |  |  | 499,615 |  |  |  | 1,489,367 |  |  |  | 1,671,666 |  |  |  | 262,321 |
A summary of maturity of operating lease liabilities under the Group’s non-cancelable operating leases as of December 31, 2021 is as follows:
|  | As of December 31, 2021 |
|  | RMB |  |  | US$ |
|  | (in thousands) |
2022 |  |  | 1,080,579 |  |  |  | 169,566 |
2023 |  |  | 711,673 |  |  |  | 111,677 |
2024 |  |  | 379,318 |  |  |  | 59,523 |
2025 |  |  | 188,455 |  |  |  | 29,573 |
2026 |  |  | 59,163 |  |  |  | 9,284 |
Thereafter |  |  | 1,067 |  |  |  | 168 |
Total future lease payments |  |  | 2,420,255 |  |  |  | 379,791 |
Less: imputed interest |  |  | (206,665 | ) |  |  | (32,430 | )
Total operating lease liabilities |  |  | 2,213,590 |  |  |  | 347,361 |
As of December 31, 2021, the Group entered into new operating leases primarily for regional processing centers and frontline fulfillment stations of RMB27.8 million, which have not yet commenced. The related right of use assets and lease liabilities of RMB24.2 million and RMB22.5 million, respectively, will be recorded in the consolidated balance sheets upon commencement of the leases.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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