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CONSOLIDATED STATEMENTS OF CASH FLOWS
₽ in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
RUB (₽)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
RUB (₽)
Dec. 31, 2021
RUB (₽)
CASH FLOWS PROVIDED BY OPERATING ACTIVITIES:        
Net income/(loss) ₽ 21,775 $ 242.8 ₽ 47,615 ₽ (14,653)
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:        
Depreciation of property and equipment 29,432 328.2 23,243 18,162
Amortization of intangible assets 10,520 117.3 7,631 5,949
Amortization of content assets 9,138 101.9 8,944 6,386
Operating lease right-of-use assets amortization and the lease liability accretion 14,022 156.3 14,391 11,223
Amortization of debt discount and issuance costs     585 2,070
Share-based compensation expense (excluding cash settled awards of nil, RUB 17,041 and RUB 23,067, respectively) 8,710 97.1 6,996 20,829
Deferred income tax expense/(benefit) 598 6.7 4,569 (5,163)
Foreign exchange gains (22,852) (254.8) (9,393) (235)
Loss/(income) from equity method investments 1,602 17.9 929 (6,367)
Gain on restructuring of convertible debt     (9,305)  
Impairment of long-lived assets 7,539 84.1 3,644  
Provision for expected credit losses 5,171 57.7 2,799 1,249
Other 5,086 56.6 (92) (458)
Changes in operating assets and liabilities excluding the effect of acquisitions:        
Accounts receivable (28,755) (320.6) (15,905) (19,260)
Prepaid expenses (1,065) (12.0) (4,466) (8,344)
Inventory 3,812 42.5 (18,310) (4,756)
Accounts payable, accrued and other liabilities and non-income taxes payable 48,301 538.4 49,698 22,641
Deferred revenue 6,466 72.1 5,254 3,806
Other assets (2,886) (32.2) (9,092) (3,736)
VAT reclaimable (6,404) (71.4) (9,228) (5,865)
Funds receivable (4,414) (49.2) (2,246) (3,890)
Sales financing receivable (18,409) (205.3) (5,472) (266)
Content assets (18,719) (208.7) (11,989) (11,740)
Content liabilities 1,614 18.0 (1,061) 1,711
Net cash provided by operating activities 70,282 783.4 41,688 9,293
CASH FLOWS PROVIDED BY/(USED IN) INVESTING ACTIVITIES:        
Purchases of property and equipment and intangible assets (90,641) (1,010.6) (50,544) (44,621)
Purchase of assets to be leased (12,813) (142.9) (1,408)  
Acquisitions of businesses, net of cash acquired     (820) (8,236)
Net cash acquired as a result of the News and Zen deconsolidation and the acquisition of Delivery Club     1,795  
Investments in marketable equity securities       (10,604)
Bank deposits and loans to customers (1,982) (22.1)    
Proceeds from sale of marketable equity securities     5,859 6,163
Investments in term deposits (6) (0.1) (3,395) (264,151)
Maturities of term deposits 160 1.8 27,004 345,474
Loans granted (6,158) (68.6) (1,224) (1,546)
Proceeds from repayments of loans 3,623 40.4 480 1,667
Other investing activities 874 9.7 (485) (2,152)
Net cash provided by/(used in) investing activities (106,943) (1,192.4) (22,738) 21,994
CASH FLOWS PROVIDED BY/(USED IN) FINANCING ACTIVITIES:        
Proceeds from issuance of debt 227,151 2,532.7 50,666  
Repayment of debt (137,755) (1,536.0) (49,560)  
Proceeds from overdraft borrowings       2,941
Repayments of overdraft borrowings     (2,940) (397)
Purchase of non-redeemable noncontrolling interests (57,337) (639.3)   (73,077)
Payment of contingent consideration and holdback amount (299) (3.3) (635) (6,073)
Repurchases of ordinary shares       (6,966)
Proceeds from exercise of share options       1,153
Bank deposits and liabilities 19,002 211.9    
Payment for finance leases (3,245) (36.2) (1,660) (737)
Other financing activities (5,674) (63.2) (1,390) (1,689)
Net cash provided by/(used in) financing activities 41,843 466.6 (5,519) (84,845)
Effect of exchange rate changes on cash and cash equivalents, and restricted cash and cash equivalents 8,248 92.1 (8,390) 511
Net change in cash and cash equivalents, and restricted cash and cash equivalents 13,430 149.7 5,041 (53,047)
Cash and cash equivalents, and restricted cash and cash equivalents, beginning of period 84,440 941.5 79,399 132,446
Cash and cash equivalents, and restricted cash and cash equivalents, end of period 97,870 1,091.2 84,440 79,399
RECONCILIATION OF CASH AND CASH EQUIVALENTS, AND RESTRICTED CASH AND CASH EQUIVALENTS:        
Cash and cash equivalents, beginning of period 83,131 926.9 79,275 132,398
Restricted cash and cash equivalents, beginning of period 1,309 14.6 124 48
Cash and cash equivalents, and restricted cash and cash equivalents, beginning of period 84,440 941.5 79,399 132,446
Cash and cash equivalents, end of period 96,519 1,076.2 83,131 79,275
Restricted cash and cash equivalents, end of period 1,351 15.0 1,309 124
Cash and cash equivalents, and restricted cash and cash equivalents, end of period 97,870 1,091.2 84,440 79,399
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:        
Cash paid for income taxes 18,619 207.6 14,744 12,573
Cash paid for acquisitions     1,031 8,921
Convertible notes coupon paid     439 688
Interest paid for finance leases 2,722 30.3 1,444 575
Interest paid on loans 8,824 98.4 848  
Operating cash flows from operating leases 14,259 159.0 13,009 12,063
Non-cash operating activities:        
Right-of-use assets obtained in exchange for operating lease obligations 21,335 237.9 6,045 24,322
Non-cash investing activities:        
Acquired property and equipment and intangible assets not yet paid for 8,334 92.9 2,666 2,903
Non-cash financing activities:        
Right-of-use assets obtained in exchange for finance lease obligations ₽ 11,466 $ 127.8 8,898 ₽ 13,776
Sale of News and Zen        
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:        
Effect of the News and Zen deconsolidation     ₽ (38,051)