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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/(loss) ¥ 724,002 $ 103,996 ¥ (65,612) ¥ 34,424
Adjustments to reconcile net income/(loss) to net cash provided by/ (used in) operating activities:        
Share-based compensation 20,221 2,905 13,989 20,852
Provision for allowance for doubtful accounts, including related party amounts of RMB15,757, RMB1,528 and RMB(2,273) (US$(326)) for the years ended December 31, 2017, 2018 and 2019, respectively 40,154 5,768 23,999 6,632
Depreciation and amortization expense 77,356 11,111 32,471 35,618
Amortization of the right-of-use assets 34,976 5,024    
Impairment of intangible assets 5,600 804    
(Income)/loss from equity method investments, net of impairments 3,447 495 (5,352) (6,296)
Deferred income tax (2,977) (428) 286 (6,153)
Gain on disposal of property and equipment (144) (21) (1,318) (1,279)
Loss on disposal of intangible assets       118
Gain on disposal of convertible loans due from a related party     (10,565)  
Changes in fair value of financial assets-contingent returnable consideration [1] (62,051) (8,913)    
Gain on disposal of available-for-sale debt investments (1,001,181) (143,811) 0 0
Changes in fair value of financial liability (4,441) (638)    
Foreign currency exchange loss/(gain) (7,892) (1,134) (6,849) 23,560
Changes in operating assets and liabilities, net of effects of acquisition:        
Accounts receivable (79,203) (11,377) (29,979) (44,575)
Prepayments and other current assets 20,641 2,965 (13,636) 5,508
Amounts due from related parties 33,778 4,852 37,539 (22,988)
Other non-current assets 5,902 848 (4,910) 3,503
Accounts payable (51,113) (7,342) (6,102) 5,602
Advances from customers (2,674) (384) (15,701) 37,371
Salary and welfare payable 14,828 2,130 (19,855) 4,142
Taxes payable 18,223 2,618 8,066 16,562
Amounts due to related parties 15,505 2,227 2,578 (4,580)
Accrued expenses and other current liabilities (104,284) (14,978) (17,290) 61,968
Long-term liabilities (28,978) (4,162) 1,417 2,991
Net cash provided by/(used in) operating activities (330,305) (47,445) (76,824) 172,980
Cash flows from investing activities:        
Purchase of property and equipment and intangible assets (83,837) (12,042) (55,950) (27,800)
Placement of term deposits and short term investments (9,175,619) (1,317,995) (3,365,720) (2,754,930)
Maturity of term deposits and short term investments 8,844,241 1,270,396 3,199,558 2,797,282
Payment for the equity investment measured under fair value (6,500) (934) (6,500)  
Loans provided to a related party     (10,000) (74,000)
Loans repaid by a related party     74,000 53,058
Proceeds from disposal of convertible loans due from a related party     111,957  
Net proceeds from disposal of available-for-sale debt investments 1,403,046 201,535    
Deposits received from proposed buyers of investments in Particle 357,974 51,420    
Cash (paid for)/acquired from acquisition of subsidiaries, net 121,089 17,393 (62,057)  
Net cash (used in)/provided by investing activities 1,460,394 209,773 (114,712) (6,390)
Cash flows from financing activities:        
Proceeds from exercise of stock options 511 73 3,677 12,368
Proceeds from short-term bank loans     250,492 328,511
Repayment of short-term bank loans (267,886) (38,479) (330,000) (357,113)
Dividends paid to shareholders (703,145) (101,000)    
Cash paid for acquisition of noncontrolling interests (144,100) (20,699)    
Net cash used in financing activities (1,114,620) (160,105) (75,831) (16,234)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (35,191) (5,055) 11,477 (8,090)
Net increase/(decrease) in cash, cash equivalents and restricted cash (19,722) (2,832) (255,890) 142,266
Cash, cash equivalents and restricted cash at the beginning of the year 443,672 63,729 699,562 557,296
Cash and cash equivalents at the beginning of the year 174,024 24,997 362,862 202,694
Restricted cash at the beginning of the year 269,648 38,732 336,700 354,602
Cash, cash equivalents and restricted cash at the end of the year 423,950 60,897 443,672 699,562
Cash and cash equivalents at the end of the year 341,016 48,984 174,024 362,862
Restricted cash at the end of the year 82,934 11,913 269,648 336,700
Supplemental disclosure of cash flow information:        
Cash paid during the period for income taxes 1,083 156 10,649 19,424
Cash paid during the period for interest expenses ¥ 4,026 $ 578 15,221 ¥ 22,762
Supplemental disclosure of non-cash investing activities:        
Acquisition of a subsidiary included in accrued expenses and other current liabilities     71,100  
Acquisition of the investments included in amount due to related parties     ¥ 8,500  
[1] (1)Transactions with related parties included in revenues, cost of revenues and operating expenses are as follows (Note 24): Net advertising revenues 67,393 41,482 50,700 7,283 Paid services revenues 139,149 87,131 72,454 10,407 Cost of revenues (57,057) (30,167) (26,728) (3,839) Sales and marketing expenses (748) (4,341) (4,157) (597) General and administrative expenses (6,245) (7,918) (7,045) (1,012)