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UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEET
¥ in Thousands, $ in Thousands
Sep. 30, 2024
CNY (¥)
Sep. 30, 2024
USD ($)
Dec. 31, 2023
CNY (¥)
Current assets:      
Cash and cash equivalents ¥ 3,241,336 $ 461,887 ¥ 4,434,525
Restricted cash 0 0 6,120
Short-term investments 936,267 133,417 941,738
Accounts receivable, net of allowance of RMB147,495 and RMB106,333 (US$15,152) as of December 31, 2023 and September 30, 2024, respectively 2,215,920 315,766 2,169,042
Prepayments and other assets 2,302,748 328,139 2,794,259
Licensed copyrights, net 522,495 74,455 582,521
Total current assets 9,564,158 1,362,882 12,635,229
Non-current assets:      
Fixed assets, net 839,945 119,691 863,813
Long-term investments 2,054,565 292,773 2,260,785
Licensed copyrights, net 6,862,492 977,897 6,966,508
Intangible assets, net 310,006 44,176 309,534
Produced content, net 14,321,624 2,040,815 13,376,985
Prepayments and other assets 3,508,104 499,901 3,518,210
Operating lease assets 621,083 88,504 683,897
Goodwill 3,820,823 544,463 3,820,823
Total non-current assets 35,265,882 5,025,348 31,959,145
Total assets 44,830,040 6,388,230 44,594,374
Current liabilities (including current liabilities of the consolidated VIEs without recourse to the primary beneficiary of RMB12,450,389 and RMB13,248,930 (US$1,887,957) as of December 31, 2023 and September 30, 2024, respectively):      
Accounts and notes payable 6,486,111 924,263 5,671,074
Customer advances and deferred revenue 4,320,866 615,718 4,373,208
Short-term loans 4,347,147 619,463 3,571,637
Long-term loans, current portion 36,800 5,244 2,000
Convertible senior notes, current portion 16,668 2,375 2,802,442
Operating lease liabilities, current portion 93,432 13,314 100,883
Accrued expenses 1,858,403 264,820 1,910,191
Total current liabilities 21,451,990 3,056,883 22,341,534
Non-current liabilities (including non-current liabilities of the consolidated VIEs without recourse to the primary beneficiary of RMB1,522,773 and RMB1,616,055 (US$230,286) as of December 31, 2023 and September 30, 2024, respectively):      
Long-term loans 496,951 70,815 97,990
Convertible senior notes 8,187,011 1,166,640 8,143,994
Deferred tax liabilities 34 5 824
Operating lease liabilities 464,837 66,239 523,747
Total non-current liabilities 10,099,390 1,439,152 10,067,925
Total liabilities 31,551,380 4,496,035 32,409,459
Commitments and contingencies
Shareholders’ equity:      
Additional paid-in capital 55,439,943 7,900,129 54,971,469
Accumulated deficit (43,620,014) (6,215,802) (44,573,428)
Accumulated other comprehensive income 1,388,992 197,930 1,688,047
Noncontrolling interests 69,308 9,876 98,397
Total shareholders’ equity 13,278,660 1,892,195 12,184,915
Total liabilities and shareholders' equity 44,830,040 6,388,230 44,594,374
Class A Ordinary Shares      
Shareholders’ equity:      
Ordinary shares, value 238 34 237
Class B Ordinary Shares      
Shareholders’ equity:      
Ordinary shares, value 193 28 193
Related Party      
Current assets:      
Amounts due from related parties 345,392 49,218 1,707,024
Non-current assets:      
Amounts due from related parties, non-current 2,927,240 417,128 158,590
Current liabilities (including current liabilities of the consolidated VIEs without recourse to the primary beneficiary of RMB12,450,389 and RMB13,248,930 (US$1,887,957) as of December 31, 2023 and September 30, 2024, respectively):      
Other liabilities 3,267,320 465,589 2,953,658
Non-current liabilities (including non-current liabilities of the consolidated VIEs without recourse to the primary beneficiary of RMB1,522,773 and RMB1,616,055 (US$230,286) as of December 31, 2023 and September 30, 2024, respectively):      
Other non-current liabilities 64,211 9,150 80,566
Nonrelated Party      
Current liabilities (including current liabilities of the consolidated VIEs without recourse to the primary beneficiary of RMB12,450,389 and RMB13,248,930 (US$1,887,957) as of December 31, 2023 and September 30, 2024, respectively):      
Other liabilities 1,025,243 146,097 956,441
Non-current liabilities (including non-current liabilities of the consolidated VIEs without recourse to the primary beneficiary of RMB1,522,773 and RMB1,616,055 (US$230,286) as of December 31, 2023 and September 30, 2024, respectively):      
Other non-current liabilities ¥ 886,346 $ 126,303 ¥ 1,220,804