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CONSOLIDATED BALANCE SHEETS
¥ in Thousands, $ in Thousands
Dec. 31, 2023
CNY (¥)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
CNY (¥)
Current assets:      
Cash and cash equivalents ¥ 4,434,525 $ 624,590 ¥ 7,097,938
Restricted cash 6,120 862 13,618
Short-term investments 941,738 132,641 818,265
Accounts receivable, net of allowance of RMB130,148 and RMB147,945 (US$20,774) as of December 31, 2022 and 2023, respectively 2,169,042 305,503 2,402,675
Prepayments and other assets 2,794,259 393,563 2,602,927
Licensed copyrights, net 582,521 82,047 746,058
Total current assets 12,635,229 1,779,635 13,785,635
Non-current assets:      
Fixed assets, net 863,813 121,666 1,104,721
Long-term investments 2,260,785 318,425 2,453,644
Licensed copyrights, net 6,966,508 981,212 6,840,629
Intangible assets, net 309,534 43,597 436,685
Produced content, net 13,376,985 1,884,109 13,001,904
Prepayments and other assets 3,518,210 495,529 3,865,133
Operating lease assets 683,897 96,325 673,971
Goodwill 3,820,823 538,152 3,826,147
Total non-current assets 31,959,145 4,501,351 32,262,714
Total assets 44,594,374 6,280,986 46,048,349
Current liabilities (including current liabilities of the consolidated VIEs without recourse to the primary beneficiary of RMB12,234,786 and RMB12,450,389 (US$1,753,601) as of December 31, 2022 and 2023, respectively):      
Accounts and notes payable 5,671,074 798,754 5,993,416
Customer advances and deferred revenue 4,373,208 615,953 4,232,110
Short-term loans 3,571,637 503,055 3,347,638
Convertible senior notes, current portion 2,802,442 394,716 8,305,447
Operating lease liabilities, current portion 100,883 14,209 103,517
Accrued expenses 1,910,191 269,045 1,839,671
Total current liabilities 22,341,534 3,146,739 28,130,018
Non-current liabilities (including non-current liabilities of the consolidated VIEs without recourse to the primary beneficiary of RMB1,750,258 and RMB1,522,773 (US$214,478) as of December 31, 2022 and 2023, respectively):      
Long-term loans 97,990 13,802  
Convertible senior notes 8,143,994 1,147,058 9,568,279
Deferred tax liabilities 824 116 1,832
Operating lease liabilities 523,747 73,768 508,571
Total non-current liabilities 10,067,925 1,418,038 11,574,892
Total liabilities 32,409,459 4,564,777 39,704,910
Commitments and contingencies
Shareholders’ equity:      
Additional paid-in capital 54,971,469 7,742,569 50,885,688
Accumulated deficit (44,573,428) (6,278,036) (46,498,897)
Accumulated other comprehensive income 1,688,047 237,756 1,863,454
Noncontrolling interests 98,397 13,859 92,807
Total shareholders’ equity 12,184,915 1,716,209 6,343,439
Total liabilities and shareholders' equity 44,594,374 6,280,986 46,048,349
Related Party      
Current assets:      
Amounts due from related parties 1,707,024 240,429 104,154
Non-current assets:      
Amounts due from related parties 158,590 22,336 59,880
Current liabilities (including current liabilities of the consolidated VIEs without recourse to the primary beneficiary of RMB12,234,786 and RMB12,450,389 (US$1,753,601) as of December 31, 2022 and 2023, respectively):      
Other liabilities 2,953,658 416,014 3,521,646
Non-current liabilities (including non-current liabilities of the consolidated VIEs without recourse to the primary beneficiary of RMB1,750,258 and RMB1,522,773 (US$214,478) as of December 31, 2022 and 2023, respectively):      
Other non-current liabilities 80,566 11,347 100,941
Nonrelated Party      
Current liabilities (including current liabilities of the consolidated VIEs without recourse to the primary beneficiary of RMB12,234,786 and RMB12,450,389 (US$1,753,601) as of December 31, 2022 and 2023, respectively):      
Other liabilities 958,441 134,993 786,573
Non-current liabilities (including non-current liabilities of the consolidated VIEs without recourse to the primary beneficiary of RMB1,750,258 and RMB1,522,773 (US$214,478) as of December 31, 2022 and 2023, respectively):      
Other non-current liabilities 1,220,804 171,947 1,395,269
Class A Ordinary Shares      
Shareholders’ equity:      
Ordinary shares, value 237 34 194
Class B Ordinary Shares      
Shareholders’ equity:      
Ordinary shares, value ¥ 193 $ 27 ¥ 193