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Consolidated Balance Sheets
¥ in Thousands, $ in Thousands
Dec. 31, 2019
USD ($)
Dec. 31, 2019
CNY (¥)
Dec. 31, 2018
CNY (¥)
Current assets      
Cash and cash equivalents $ 375,297 ¥ 2,612,743 ¥ 2,468,034
Short-term deposits 1,768,592 12,312,585 8,824,610
Accounts receivable, net of allowance for doubtful accounts of RMB nil and RMB12,209 as of December 31, 2018 and 2019, respectively 38,087 265,155 719,606
Amount due from related parties 629 4,382  
Prepaid expenses and other current assets 86,041 599,000 620,979
Total current assets 2,268,646 15,793,865 12,633,229
Long-term deposits 43,092 300,000  
Right-of-use assets, net 27,371 190,552  
Property and equipment, net 49,749 346,345 387,532
Intangible assets 127,884 890,303 1,036,986
Rental deposits 3,595 25,028 24,192
Long-term investments 71,232 495,905 447,465
Other non-current assets 6,322 44,009 71,519
Deferred tax assets 5,324 37,064 57,786
Goodwill 626,362 4,360,610 4,306,829
Total assets 3,229,577 22,483,681 18,965,538
Current liabilities      
Accounts payable (including accounts payable of the consolidated VIEs without recourse to the Company of RMB549,173 and RMB611,471 as of December 31, 2018 and 2019, respectively) 102,604 714,323 718,362
Deferred revenue (including deferred revenue of the consolidated VIEs without recourse to the Company of RMB441,392 and RMB497,166 as of December 31, 2018 and 2019, respectively) 72,318 503,461 441,892
Accrued expenses and other current liabilities (including accrued expenses and other current liabilities of the consolidated VIEs without recourse to the Company of RMB304,363 and RMB244,759 as of December 31, 2018 and 2019, respectively) 141,611 985,873 846,710
Amount due to related parties (including amount due to related parties of the consolidated VIEs without recourse to the Company of RMB43,213 and RMB29,554 as of December 31, 2018 and 2019, respectively) 4,253 29,606 82,948
Lease liabilities due within one year (including lease liabilities due within one year of the consolidated VIEs without recourse to the Company of RMB nil and RMB6,830 as of December 31, 2018 and 2019, respectively) 19,416 135,169  
Income tax payable (including income tax payable of the consolidated VIEs without recourse to the Company of RMB113,733 and RMB122,403 as of December 31, 2018 and 2019, respectively) 22,117 153,976 137,090
Deferred consideration in connection with business acquisitions (including deferred consideration in connection with business acquisitions of the consolidated VIEs without recourse to the Company of RMB nil and RMB nil as of December 31, 2018 and 2019, respectively) 12,116 84,346 469,274
Total current liabilities 374,435 2,606,754 2,696,276
Deferred tax liabilities 31,971 222,576 259,247
Share-based compensation liability 129,571 902,047 86,767
Lease liabilities 8,115 56,498  
Other non-current liabilities 3,257 22,672 23,273
Total liabilities 1,258,997 8,764,899 7,942,679
Commitments and contingencies (Note 18)
Equity      
Treasury stock (57,782) (402,267) (402,267)
Additional paid-in capital 885,515 6,164,781 5,657,838
Retained earnings 1,072,222 7,464,585 5,361,154
Accumulated other comprehensive income 43,478 302,687 313,564
Non-controlling interest 27,108 188,724 92,300
Total equity 1,970,580 13,718,782 11,022,859
Total liabilities and equity 3,229,577 22,483,681 18,965,538
Senior Notes [Member]      
Current liabilities      
Convertible senior notes 711,648 4,954,352 4,877,116
Class A Common Stock [Member]      
Equity      
Ordinary shares, value 32 221 219
Class B Common Stock [Member]      
Equity      
Ordinary shares, value $ 7 ¥ 51 ¥ 51