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Consolidated Statements of Cash Flows
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2012
USD ($)
Dec. 31, 2012
CNY
Dec. 31, 2011
CNY
Dec. 31, 2010
CNY
Cash flows from operating activities:        
Net income attributable to Phoenix New Media Limited $ 17,232 107,359 102,475 74,083
Adjustments to reconcile net income to net cash provided by operating activities:        
Share-based compensation 1,085 6,759 66,092 16,561
Provision for allowance for doubtful accounts 4,158 25,902 11,926 1,049
Depreciation and amortization expense 3,392 21,130 12,292 8,117
Deferred income tax (895) (5,573) (11,318) 1,572
Loss on disposal of property and equipment 78 486 2 50
Foreign currency exchange gain (304) (1,897) (19,343) (313)
Changes in operating assets and liabilities:        
Accounts receivable (16,820) (104,792) (136,980) (42,774)
Prepayments and other current assets 2,023 12,603 (26,713) (12,562)
Amounts due from related parties 93 577 (47,901) (7,791)
Note receivable 0 0 1,150 596
Other non-current assets (157) (976) (9,645) 1,981
Accounts payable 4,355 27,135 66,795 31,469
Advance from customers (210) (1,307) (590) 2,842
Salary and welfare payable 2,971 18,512 19,055 15,947
Taxes payable 696 4,334 25,852 7,931
Amounts due to related parties (334) (2,083) (21,843) (17,975)
Accrued expenses and other current liabilities (174) (1,081) 31,310 2,983
Long-term liabilities 400 2,492 2,021 1,910
Net cash provided by operating activities 17,589 109,580 64,637 85,676
Cash flows from investing activities:        
Purchase of property and equipment and intangible assets (12,774) (79,583) (33,477) (18,059)
Placement of term deposits (196,113) (1,221,801) (1,560,002) 0
Maturity of term deposits 284,492 1,772,414 775,979 0
Cash received from liquidation of PHOENIXi 0 0 14,300 0
Net cash (used in)/provided by investing activities 75,605 471,030 (803,200) (18,059)
Cash flows from financing activities:        
Proceeds from issuance of ordinary shares upon IPO 0 0 893,098 0
Proceeds from exercise of stock options 169 1,050 183 9,997
Repayment to VIEs' legal shareholders 0 0 0 (7,920)
Payment of IPO related expenses 0 0 (30,101) (1,457)
Repurchase of shares (8,467) (52,752) 0 0
Prepayment for share repurchases (1,350) (8,408) 0 0
Net cash provided by/(used in) financing activities (9,648) (60,110) 863,180 620
Effect of exchange rate changes on cash and cash equivalents (240) (1,497) (14,624) (4,150)
Net increase in cash and cash equivalents 83,306 519,003 109,993 64,087
Cash and cash equivalents at the beginning of the period 63,749 397,166 287,173 223,086
Cash and cash equivalents at the end of the period 147,055 916,169 397,166 287,173
Supplemental disclosure of cash flow information:        
Cash paid during the period for income taxes 2,563 15,968 13,518 3,830
Supplemental disclosure of non-cash investing and financing activities:        
Conversion of series A convertible redeemable preferred shares into ordinary shares 0 0 1,163,806 0
Short-term loan waived by Phoenix TV Group 0 0 15,596 0
Issuance of ordinary shares upon vesting of restricted share units 56 348 1,314 0
Purchase of property and equipment and intangible assets included in accounts payable $ 1,189 7,406 0 0