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Consolidated Statements of Cash Flows
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2014
USD ($)
Dec. 31, 2014
CNY
Dec. 31, 2013
CNY
Dec. 31, 2012
CNY
Cash flows from operating activities:        
Net income $ 42,245us-gaap_ProfitLoss 262,119us-gaap_ProfitLoss 278,023us-gaap_ProfitLoss 107,359us-gaap_ProfitLoss
Adjustments to reconcile net income to net cash provided by operating activities:        
Share-based compensation 8,571us-gaap_ShareBasedCompensation 53,181us-gaap_ShareBasedCompensation 16,723us-gaap_ShareBasedCompensation 6,759us-gaap_ShareBasedCompensation
Provision for allowance for doubtful accounts 1,487us-gaap_ProvisionForDoubtfulAccounts 9,229us-gaap_ProvisionForDoubtfulAccounts 2,590us-gaap_ProvisionForDoubtfulAccounts 25,902us-gaap_ProvisionForDoubtfulAccounts
Depreciation and amortization expense 5,854us-gaap_DepreciationDepletionAndAmortization 36,323us-gaap_DepreciationDepletionAndAmortization 31,465us-gaap_DepreciationDepletionAndAmortization 21,130us-gaap_DepreciationDepletionAndAmortization
Deferred income tax (520)us-gaap_DeferredIncomeTaxExpenseBenefit (3,226)us-gaap_DeferredIncomeTaxExpenseBenefit (5,275)us-gaap_DeferredIncomeTaxExpenseBenefit (5,573)us-gaap_DeferredIncomeTaxExpenseBenefit
Loss on disposal of property and equipment 95us-gaap_GainLossOnSaleOfPropertyPlantEquipment 589us-gaap_GainLossOnSaleOfPropertyPlantEquipment 1,003us-gaap_GainLossOnSaleOfPropertyPlantEquipment 486us-gaap_GainLossOnSaleOfPropertyPlantEquipment
Gain on disposition of subsidiaries and acquisition of equity investments (4,780)us-gaap_DeconsolidationGainOrLossAmount (29,660)us-gaap_DeconsolidationGainOrLossAmount 0us-gaap_DeconsolidationGainOrLossAmount 0us-gaap_DeconsolidationGainOrLossAmount
Loss from equity investments 2,988us-gaap_IncomeLossFromEquityMethodInvestments 18,538us-gaap_IncomeLossFromEquityMethodInvestments 0us-gaap_IncomeLossFromEquityMethodInvestments 0us-gaap_IncomeLossFromEquityMethodInvestments
Foreign currency exchange (gain)/loss 977us-gaap_ForeignCurrencyTransactionGainLossUnrealized 6,059us-gaap_ForeignCurrencyTransactionGainLossUnrealized (19,687)us-gaap_ForeignCurrencyTransactionGainLossUnrealized (1,897)us-gaap_ForeignCurrencyTransactionGainLossUnrealized
Changes in operating assets and liabilities:        
Accounts receivable (29,156)us-gaap_IncreaseDecreaseInAccountsReceivable (180,904)us-gaap_IncreaseDecreaseInAccountsReceivable (74,982)us-gaap_IncreaseDecreaseInAccountsReceivable (104,792)us-gaap_IncreaseDecreaseInAccountsReceivable
Prepayments and other current assets (2,308)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (14,320)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets 6,439us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets 12,603us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Amounts due from related parties (8,169)us-gaap_IncreaseDecreaseInDueFromRelatedPartiesCurrent (50,684)us-gaap_IncreaseDecreaseInDueFromRelatedPartiesCurrent (61,347)us-gaap_IncreaseDecreaseInDueFromRelatedPartiesCurrent 577us-gaap_IncreaseDecreaseInDueFromRelatedPartiesCurrent
Other non-current assets (173)us-gaap_IncreaseDecreaseInOtherNoncurrentAssets (1,076)us-gaap_IncreaseDecreaseInOtherNoncurrentAssets 426us-gaap_IncreaseDecreaseInOtherNoncurrentAssets (976)us-gaap_IncreaseDecreaseInOtherNoncurrentAssets
Accounts payable 10,221us-gaap_IncreaseDecreaseInAccountsPayableTrade 63,419us-gaap_IncreaseDecreaseInAccountsPayableTrade 69,493us-gaap_IncreaseDecreaseInAccountsPayableTrade 27,135us-gaap_IncreaseDecreaseInAccountsPayableTrade
Advance from customers 1,161us-gaap_IncreaseDecreaseInCustomerAdvances 7,202us-gaap_IncreaseDecreaseInCustomerAdvances 4,848us-gaap_IncreaseDecreaseInCustomerAdvances (1,307)us-gaap_IncreaseDecreaseInCustomerAdvances
Salary and welfare payable 2,099us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities 13,023us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities 35,200us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities 18,512us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities
Taxes payable 5,872us-gaap_IncreaseDecreaseInAccruedTaxesPayable 36,432us-gaap_IncreaseDecreaseInAccruedTaxesPayable 17,984us-gaap_IncreaseDecreaseInAccruedTaxesPayable 4,334us-gaap_IncreaseDecreaseInAccruedTaxesPayable
Amounts due to related parties 235us-gaap_IncreaseDecreaseInDueToRelatedPartiesCurrent 1,455us-gaap_IncreaseDecreaseInDueToRelatedPartiesCurrent 19,228us-gaap_IncreaseDecreaseInDueToRelatedPartiesCurrent (2,083)us-gaap_IncreaseDecreaseInDueToRelatedPartiesCurrent
Accrued expenses and other current liabilities 6,630us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities 41,139us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities 21,436us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities (1,081)us-gaap_IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
Long-term liabilities 747feng_IncreaseDecreaseInLongTermLiabilities 4,636feng_IncreaseDecreaseInLongTermLiabilities 4,235feng_IncreaseDecreaseInLongTermLiabilities 2,492feng_IncreaseDecreaseInLongTermLiabilities
Net cash provided by operating activities 44,076us-gaap_NetCashProvidedByUsedInOperatingActivities 273,474us-gaap_NetCashProvidedByUsedInOperatingActivities 347,802us-gaap_NetCashProvidedByUsedInOperatingActivities 109,580us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash flows from investing activities:        
Purchase of property and equipment and intangible assets (5,703)us-gaap_PaymentsToAcquireProductiveAssets (35,387)us-gaap_PaymentsToAcquireProductiveAssets (29,238)us-gaap_PaymentsToAcquireProductiveAssets (79,583)us-gaap_PaymentsToAcquireProductiveAssets
Placement of term deposits and short term investments (574,618)feng_PlacementOfTermDepositsAndShortTermInvestments (3,565,274)feng_PlacementOfTermDepositsAndShortTermInvestments (2,696,407)feng_PlacementOfTermDepositsAndShortTermInvestments [1] (1,221,801)feng_PlacementOfTermDepositsAndShortTermInvestments
Maturity of term deposits and short term investments 657,993feng_MaturityOfTermDepositsAndShortTermInvestments 4,082,583feng_MaturityOfTermDepositsAndShortTermInvestments 2,374,309feng_MaturityOfTermDepositsAndShortTermInvestments [1] 1,772,414feng_MaturityOfTermDepositsAndShortTermInvestments
Payment for available-for-sale investment (5,933)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesEquity (36,810)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesEquity 0us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesEquity 0us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesEquity
Payment for equity investments (6,073)us-gaap_PaymentsToAcquireEquityMethodInvestments (37,681)us-gaap_PaymentsToAcquireEquityMethodInvestments 0us-gaap_PaymentsToAcquireEquityMethodInvestments 0us-gaap_PaymentsToAcquireEquityMethodInvestments
Disposal of subsidiaries, net of cash received (2,298)us-gaap_ProceedsFromDivestitureOfBusinessesNetOfCashDivested (14,259)us-gaap_ProceedsFromDivestitureOfBusinessesNetOfCashDivested 0us-gaap_ProceedsFromDivestitureOfBusinessesNetOfCashDivested 0us-gaap_ProceedsFromDivestitureOfBusinessesNetOfCashDivested
Net cash provided by/(used in) investing activities 63,368us-gaap_NetCashProvidedByUsedInInvestingActivities 393,172us-gaap_NetCashProvidedByUsedInInvestingActivities (351,336)us-gaap_NetCashProvidedByUsedInInvestingActivities [1] 471,030us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash flows from financing activities:        
Proceeds from exercise of stock options 1,411us-gaap_ProceedsFromStockOptionsExercised 8,756us-gaap_ProceedsFromStockOptionsExercised 519us-gaap_ProceedsFromStockOptionsExercised 1,050us-gaap_ProceedsFromStockOptionsExercised
Repurchase of ordinary shares (39,084)us-gaap_PaymentsForRepurchaseOfCommonStock (242,500)us-gaap_PaymentsForRepurchaseOfCommonStock (65,198)us-gaap_PaymentsForRepurchaseOfCommonStock (52,752)us-gaap_PaymentsForRepurchaseOfCommonStock
Prepayment for share repurchases 0feng_PrepaymentForShareRepurchases 0feng_PrepaymentForShareRepurchases 0feng_PrepaymentForShareRepurchases (8,408)feng_PrepaymentForShareRepurchases
Capital contribution received from noncontrolling shareholders 1,612feng_CapitalContributionReceivedFromNoncontrollingShareholders 10,000feng_CapitalContributionReceivedFromNoncontrollingShareholders 0feng_CapitalContributionReceivedFromNoncontrollingShareholders 0feng_CapitalContributionReceivedFromNoncontrollingShareholders
Net cash used in financing activities (36,061)us-gaap_NetCashProvidedByUsedInFinancingActivities (223,744)us-gaap_NetCashProvidedByUsedInFinancingActivities (64,679)us-gaap_NetCashProvidedByUsedInFinancingActivities (60,110)us-gaap_NetCashProvidedByUsedInFinancingActivities
Effect of exchange rate changes on cash and cash equivalents (353)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (2,193)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (2,818)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents (1,497)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
Net increase/(decrease) in cash and cash equivalents 71,030us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 440,709us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (71,031)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease [1] 519,003us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at the beginning of the year 136,211us-gaap_CashAndCashEquivalentsAtCarryingValue 845,138us-gaap_CashAndCashEquivalentsAtCarryingValue [1] 916,169us-gaap_CashAndCashEquivalentsAtCarryingValue 397,166us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at the end of the year 207,241us-gaap_CashAndCashEquivalentsAtCarryingValue 1,285,847us-gaap_CashAndCashEquivalentsAtCarryingValue 845,138us-gaap_CashAndCashEquivalentsAtCarryingValue [1] 916,169us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental disclosure of cash flow information:        
Cash paid during the period for income taxes 5,284us-gaap_IncomeTaxesPaid 32,786us-gaap_IncomeTaxesPaid 19,598us-gaap_IncomeTaxesPaid 15,968us-gaap_IncomeTaxesPaid
Supplemental disclosures of non-cash investing and financing activities:        
Issuance of ordinary shares upon vesting of restricted share units 4us-gaap_StockIssued1 24us-gaap_StockIssued1 72us-gaap_StockIssued1 348us-gaap_StockIssued1
Purchase of property and equipment and intangible assets included in accounts payable 1,134feng_PurchaseOfPropertyAndEquipmentAndIntangibleAssetsIncludedInAccountsPayable 7,033feng_PurchaseOfPropertyAndEquipmentAndIntangibleAssetsIncludedInAccountsPayable 2,034feng_PurchaseOfPropertyAndEquipmentAndIntangibleAssetsIncludedInAccountsPayable 7,406feng_PurchaseOfPropertyAndEquipmentAndIntangibleAssetsIncludedInAccountsPayable
Restricted cash related to capital contribution financed by noncontrolling shareholders $ 0us-gaap_ProceedsFromMinorityShareholders 0us-gaap_ProceedsFromMinorityShareholders 10,000us-gaap_ProceedsFromMinorityShareholders 0us-gaap_ProceedsFromMinorityShareholders
[1] Revised. In 2014, the classification of certain highly liquid principal-guaranteed investments products ("Products") reported as cash and cash equivalents were re-assessed and it was determined that these Products should have been classified as term deposits and short term investments to properly reflect the nature of these assets. These 2013 financial statements have been revised to present them as such.