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CONSOLIDATED BALANCE SHEETS
¥ in Thousands, $ in Thousands
Dec. 31, 2022
USD ($)
Dec. 31, 2022
CNY (¥)
Dec. 31, 2021
CNY (¥)
Current assets:      
Cash and cash equivalents $ 1,029,104 ¥ 7,097,938 ¥ 2,997,212
Restricted cash 1,974 13,618 77,652
Short-term investments 118,637 818,265 1,348,255
Accounts receivable, net of allowance of RMB240,326 and RMB130,148 (US$18,870) as of December 31, 2021 and 2022, respectively 348,355 2,402,675 2,747,774
Prepayments and other assets 377,390 2,602,927 3,266,523
Amounts due from related parties 15,101 104,154 155,512
Licensed copyrights, net 108,168 746,058 931,189
Total current assets 1,998,729 13,785,635 11,524,117
Non-current assets:      
Fixed assets, net 160,169 1,104,721 1,344,784
Long-term investments 355,745 2,453,644 3,035,155
Deferred tax assets, net 0 0 31,351
Licensed copyrights, net 991,798 6,840,629 7,258,042
Intangible assets, net 63,313 436,685 545,305
Produced content, net 1,885,099 13,001,904 10,951,078
Prepayments and other assets 560,392 3,865,133 2,905,690
Operating lease assets 97,717 673,971 907,297
Goodwill 554,739 3,826,147 3,888,346
Amounts due from related parties 8,682 59,880 81,000
Total non-current assets 4,677,654 32,262,714 30,948,048
Total assets 6,676,383 46,048,349 42,472,165
Current liabilities (including current liabilities of the consolidated VIEs without recourse to the primary beneficiary of RMB13,941,720 and RMB12,234,786 (US$1,773,876) as of December 31, 2021 and 2022, respectively):      
Accounts and notes payable 868,964 5,993,416 8,896,460
Amounts due to related parties 510,591 3,521,646 2,634,089
Customer advances and deferred revenue 613,598 4,232,110 3,484,509
Short-term loans 485,362 3,347,638 4,117,774
Convertible senior notes, current portion 1,204,177 8,305,447 0
Operating lease liabilities, current portion 15,009 103,517 171,541
Accrued expenses 266,727 1,839,671 2,280,322
Other liabilities 114,041 786,573 891,775
Total current liabilities 4,078,469 28,130,018 22,476,470
Non-current liabilities (including non-current liabilities of the consolidated VIEs without recourse to the primary beneficiary of RMB919,082 and RMB1,750,258 (US$253,764) as of December 31, 2021 and 2022, respectively):      
Convertible senior notes 1,387,270 9,568,279 12,652,172
Deferred tax liabilities 266 1,832 3,127
Amounts due to related parties 14,635 100,941 780,615
Operating lease liabilities 73,736 508,571 625,737
Other non-current liabilities 202,295 1,395,269 260,931
Total non-current liabilities 1,678,202 11,574,892 14,322,582
Total liabilities 5,756,671 39,704,910 36,799,052
Commitments and contingencies
Mezzanine equity:      
Redeemable noncontrolling interests 0 0 397,385
Shareholders’ equity:      
Additional paid-in capital 7,377,731 50,885,688 49,642,014
Accumulated deficit (6,741,706) (46,498,897) (47,163,773)
Accumulated other comprehensive income 270,175 1,863,454 2,709,002
Noncontrolling interests 13,456 92,807 88,129
Total shareholders’ equity 919,712 6,343,439 5,275,728
Total liabilities, mezzanine equity and shareholders’ equity 6,676,383 46,048,349 42,472,165
Class A Ordinary Shares      
Shareholders’ equity:      
Ordinary shares, value 28 194 173
Class B Ordinary Shares      
Shareholders’ equity:      
Ordinary shares, value $ 28 ¥ 193 ¥ 183