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CONSOLIDATED BALANCE SHEETS
¥ in Thousands, $ in Thousands
Dec. 31, 2019
CNY (¥)
Dec. 31, 2019
USD ($)
Dec. 31, 2018
CNY (¥)
Current assets:      
Cash and cash equivalents ¥ 5,934,742 $ 852,472 ¥ 4,586,405
Restricted cash 974,932 140,040 2,174,042
Short-term investments 4,579,313 657,777 6,061,832
Accounts receivable, net of allowance of RMB94,856 and RMB144,574 (US$20,766) as of December 31, 2018 and 2019, respectively 3,627,749 521,094 2,889,234
Prepayments and other assets 3,719,228 534,234 2,696,381
Amounts due from related parties 211,993 30,451 281,710
Licensed copyrights, net 1,224,881 175,943 1,163,839
Total current assets 20,272,838 2,912,011 19,853,443
Non-current assets:      
Fixed assets, net 1,754,367 251,999 1,618,147
Long-term investments 2,982,154 428,360 2,572,040
Deferred tax assets, net 34,916 5,015 23,873
Licensed copyrights, net 6,287,330 903,118 6,640,910
Intangible assets, net 813,960 116,918 1,678,193
Produced content, net 4,355,221 625,588 3,736,063
Prepayments and other assets 3,508,476 503,961 4,695,883
Operating lease assets 722,742 103,815 0
Goodwill 3,888,346 558,526 3,888,346
Amounts due from related parties 172,200 24,735 52,800
Total non-current assets 24,519,712 3,522,035 24,906,255
Total assets 44,792,550 6,434,046 44,759,698
Current liabilities (including current liabilities of the consolidated VIEs without recourse to the primary beneficiary of RMB11,324,276 and RMB12,093,465 (US$1,737,118) as of December 31, 2018 and 2019, respectively):      
Accounts and notes payable 8,212,449 1,179,644 10,162,366
Amounts due to related parties 1,604,258 230,437 692,390
Customer advances and deferred revenue 3,081,407 442,615 2,195,283
Short-term loans 2,618,170 376,077 3,046,449
Long-term loans, current portion 736,814 105,837 83,720
Operating lease liabilities, current portion 125,412 18,014 0
Accrued expenses 2,611,217 375,078 2,696,238
Other liabilities 1,183,439 169,990 935,910
Total current liabilities 20,173,166 2,897,692 19,812,356
Non-current liabilities (including non-current liabilities of the consolidated VIEs without recourse to the primary beneficiary of RMB1,434,506 and RMB1,932,830 (US$277,634) as of December 31, 2018 and 2019, respectively):      
Long-term loans 880,278 126,444 644,169
Convertible senior notes 12,296,868 1,766,335 4,712,284
Deferred tax liabilities 30,136 4,329 96,405
Amounts due to related parties 1,061,883 152,530 1,281,370
Operating lease liabilities 402,732 57,849 0
Other non-current liabilities 232,555 33,404 57,551
Total non-current liabilities 14,904,452 2,140,891 6,791,779
Total liabilities 35,077,618 5,038,583 26,604,135
Commitments and contingencies
Mezzanine equity:      
Redeemable noncontrolling interests 101,542 14,586 0
Shareholders’ equity:      
Additional paid-in capital 41,298,328 5,932,134 39,666,150
Accumulated deficit (33,834,357) (4,860,001) (23,509,486)
Accumulated other comprehensive income 2,106,718 302,611 1,879,946
Noncontrolling interests 42,376 6,087 118,632
Total shareholders’ equity 9,613,390 1,380,877 18,155,563
Total liabilities, mezzanine equity and shareholders’ equity 44,792,550 6,434,046 44,759,698
Class A Ordinary Shares      
Shareholders’ equity:      
Ordinary shares, value 142 20 138
Class B Ordinary Shares      
Shareholders’ equity:      
Ordinary shares, value ¥ 183 $ 26 ¥ 183