F-2 |
||||
F-4 |
||||
F-5 |
||||
F-7 |
||||
F-9 |
December 31, 2021 |
September 30, 2022 |
September 30, 2022 |
||||||||||
RMB |
RMB |
US$ Note 2(d) |
||||||||||
Assets |
||||||||||||
Current assets: |
||||||||||||
Cash and cash equivalents |
||||||||||||
Time deposits |
||||||||||||
Accounts receivable, net |
||||||||||||
Amount due from related parties |
||||||||||||
Prepayments and other current assets |
||||||||||||
Short-term investments |
||||||||||||
Total current assets |
||||||||||||
Non-current assets: |
||||||||||||
Property and equipment, net |
||||||||||||
Production cost, net |
||||||||||||
Intangible assets, net |
||||||||||||
Deferred tax assets |
||||||||||||
Goodwill |
||||||||||||
Long-term investments, net |
||||||||||||
Other long-term assets |
||||||||||||
Total non-current assets |
||||||||||||
Total assets |
||||||||||||
Liabilities |
||||||||||||
Current liabilities: |
||||||||||||
Accounts payable |
||||||||||||
Salary and welfare payable |
||||||||||||
Taxes payable |
||||||||||||
Short-term loan and current portion of long-term debt |
||||||||||||
Deferred revenue |
||||||||||||
Accrued liabilities and other payables |
||||||||||||
Amount due to related parties |
||||||||||||
Total current liabilities |
||||||||||||
Non-current liabilities: |
||||||||||||
Long-term debt |
||||||||||||
Other long-term liabilities |
||||||||||||
Total non-current liabilities |
||||||||||||
Total liabilities |
||||||||||||
December 31, 2021 |
September 30, 2022 |
September 30, 2022 |
||||||||||
RMB |
RMB |
US$ Note 2(d) |
||||||||||
Shareholders’ equity |
||||||||||||
Ordinary shares: |
||||||||||||
Class Y Ordinary Shares (US$ |
||||||||||||
Class Z Ordinary Shares (US$ |
||||||||||||
Additional paid-in capital |
||||||||||||
Statutory reserves |
||||||||||||
Accumulated other comprehensive (loss) /income |
( |
) | ||||||||||
Accumulated deficit |
( |
) | ( |
) | ( |
) | ||||||
Total Bilibili Inc.’s shareholders’ equity |
||||||||||||
Noncontrolling interests |
||||||||||||
Total shareholders’ equity |
||||||||||||
Total liabilities and shareholders’ equity |
||||||||||||
For the Nine Months Ended September 30 |
||||||||||||
2021 |
2022 |
2022 |
||||||||||
RMB |
RMB |
US$ Note 2(d) |
||||||||||
Net revenues |
||||||||||||
Mobile games |
||||||||||||
Value-added services |
||||||||||||
Advertising |
||||||||||||
E-commerce and others |
||||||||||||
Total net revenues |
||||||||||||
Cost of revenues |
( |
) |
( |
) | ( |
) | ||||||
Gross profit |
||||||||||||
Operating expenses: |
||||||||||||
Sales and marketing expenses |
( |
) | ( |
) | ( |
) | ||||||
General and administrative expenses |
( |
) | ( |
) | ( |
) | ||||||
Research and development expenses |
( |
) | ( |
) | ( |
) | ||||||
Total operating expenses |
( |
) |
( |
) |
( |
) | ||||||
Loss from operations |
( |
) |
( |
) |
( |
) | ||||||
Other (expense)/income: |
||||||||||||
Investment loss, net (including impairments) |
( |
) | ( |
) | ( |
) | ||||||
Interest income |
||||||||||||
Interest expense |
( |
) | ( |
) | ( |
) | ||||||
Exchange losses |
( |
) | ( |
) | ( |
) | ||||||
Others, net |
( |
) | ||||||||||
Total other (expense)/income, net |
( |
) |
||||||||||
Loss before tax |
( |
) |
( |
) |
( |
) | ||||||
Income tax |
( |
) | ( |
) | ( |
) | ||||||
Net loss |
( |
) |
( |
) |
( |
) | ||||||
Net loss attributable to noncontrolling interests |
||||||||||||
Net loss attributable to the Bilibili Inc.’s shareholders |
( |
) |
( |
) |
( |
) | ||||||
Net loss |
( |
) |
( |
) |
( |
) | ||||||
Other comprehensive (loss)/income: |
||||||||||||
Foreign currency translation adjustments |
( |
) | ||||||||||
Total other comprehensive loss |
( |
) |
||||||||||
Total comprehensive loss |
( |
) |
( |
) |
( |
) | ||||||
Net loss attributable to noncontrolling interests |
||||||||||||
Comprehensive loss attributable to the Bilibili Inc.’s shareholders |
( |
) |
( |
) |
( |
) | ||||||
Net loss per share, basic |
( |
) | ( |
) | ( |
) | ||||||
Net loss per share, diluted |
( |
) | ( |
) | ( |
) | ||||||
Net loss per ADS, basic |
( |
) | ( |
) | ( |
) | ||||||
Net loss per ADS, diluted |
( |
) | ( |
) | ( |
) | ||||||
Weighted average number of ordinary shares, basic |
||||||||||||
Weighted average number of ordinary shares, diluted |
||||||||||||
Weighted average number of ADS, basic |
||||||||||||
Weighted average number of ADS, diluted |
||||||||||||
Share-based compensation expenses included in: |
||||||||||||
Cost of revenues |
||||||||||||
Sales and marketing expenses |
||||||||||||
General and administrative expenses |
||||||||||||
Research and development expenses |
Ordinary shares |
||||||||||||||||||||||||||||||||||||||||
Class Y Ordinary Shares |
Class Z Ordinary Shares |
Additional paid-in capital |
Statutory reserves |
Accumulated other comprehensive income/(loss) |
Accumulated deficit |
Noncontrolling interests |
Total shareholders’ equity |
|||||||||||||||||||||||||||||||||
Shares |
Amount |
Shares |
Amount |
|||||||||||||||||||||||||||||||||||||
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
|||||||||||||||||||||||||||||||||
Balance at December 31, 2020 |
( |
) |
||||||||||||||||||||||||||||||||||||||
Net loss |
— | — | — | — | — | — | — | ( |
) | ( |
) | ( |
) | |||||||||||||||||||||||||||
Share-based compensation |
— | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||
Share issuance from exercise of share options |
— | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||
Share issuance upon secondary public offering (“HK IPO”), net of issuance costs of HKD |
— | — | — | — | — | — | ||||||||||||||||||||||||||||||||||
Issuance ordinary shares related to long-term investment |
— | — | ( |
) | — | — | — | — | — | |||||||||||||||||||||||||||||||
Share issuance upon the conversion of convertible senior notes |
— | — | — | — | — | — | ||||||||||||||||||||||||||||||||||
Capital injection in subsidiaries by noncontrolling interests |
— | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||
Acquisition of subsidiaries |
— | — | — | — | — | ( |
) | |||||||||||||||||||||||||||||||||
Purchase of noncontrolling interests |
— | — | — | — | ( |
) | — | — | — | ( |
) | ( |
) | |||||||||||||||||||||||||||
Foreign currency translation adjustment |
— | — | — | — | — | — | ( |
) | — | — | ( |
) | ||||||||||||||||||||||||||||
Balance at September 30, 2021 |
( |
) |
( |
) |
||||||||||||||||||||||||||||||||||||
Ordinary shares |
||||||||||||||||||||||||||||||||||||||||
Class Y Ordinary Shares |
Class Z Ordinary Shares |
Additional paid-in capital |
Statutory reserves |
Accumulated other comprehensive (loss)/income |
Accumulated deficit |
Noncontrolling interests |
Total shareholders’ equity |
|||||||||||||||||||||||||||||||||
Shares |
Amount |
Shares |
Amount |
|||||||||||||||||||||||||||||||||||||
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
RMB |
|||||||||||||||||||||||||||||||||
Balance at December 31, 2021 |
( |
) |
( |
) |
||||||||||||||||||||||||||||||||||||
Net loss |
— | — | — | — | — | — | — | ( |
) | ( |
) | ( |
) | |||||||||||||||||||||||||||
Share-based compensation |
— | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||
Issuance of Class Z ordinary shares upon exercise of stock options |
— | — | — | — | — | — | — | |||||||||||||||||||||||||||||||||
Repurchase of shares |
— | — | ( |
) | ( |
) | ( |
) | — | — | — | — | ( |
) | ||||||||||||||||||||||||||
Purchase of noncontrolling interests |
— | — | — | — | — | — | — | — | — | |||||||||||||||||||||||||||||||
Foreign currency translation adjustment |
— | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Balance at September 30, 2022 |
( |
) |
||||||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the Nine Months Ended September 30, |
||||||||||||
2021 |
2022 |
2022 |
||||||||||
RMB |
RMB |
US$ Note 2(d) |
||||||||||
Cash flows from operating activities: |
||||||||||||
Net loss |
( |
) | ( |
) | ( |
) | ||||||
Adjustments to reconcile net loss to net cash provided by operating activities: |
||||||||||||
Depreciation of property and equipment |
||||||||||||
Amortization of intangible assets |
||||||||||||
Amortization of right-of-use assets |
||||||||||||
Amortization of debt issuance costs |
||||||||||||
Share-based compensation expenses |
||||||||||||
Allowance for doubtful accounts |
||||||||||||
Inventory provision |
||||||||||||
Deferred income taxes |
( |
) | ( |
) | ( |
) | ||||||
Unrealized exchange (gains)/ losses |
( |
) | ||||||||||
Unrealized fair value changes of investments |
( |
) | ( |
) | ||||||||
Loss on disposal of property and equipment |
||||||||||||
Gain on disposal of long-term investments and subsidiaries |
— | ( |
) | ( |
) | |||||||
Loss from equity method investments |
||||||||||||
Revaluation of previously held equity interests |
( |
) | ( |
) | ||||||||
Impairments of long-term investments |
||||||||||||
Gain of convertible senior notes repurchase |
— | ( |
) | ( |
) | |||||||
Changes in operating assets and liabilities: |
||||||||||||
Accounts receivable |
( |
) | ( |
) | ( |
) | ||||||
Amount due from related parties |
( |
) | ( |
) | ( |
) | ||||||
Prepayments and other assets |
( |
) | ( |
) | ( |
) | ||||||
Other long-term assets |
( |
) | ( |
) | ( |
) | ||||||
Accounts payable |
||||||||||||
Salary and welfare payable |
( |
) | ( |
) | ||||||||
Taxes payable |
||||||||||||
Deferred revenue |
||||||||||||
Accrued liabilities and other payables |
( |
) | ( |
) | ||||||||
Amount due to related parties |
— | ( |
) | ( |
) | |||||||
Other long-term liabilities |
( |
) | ||||||||||
Net cash used in operating activities |
( |
) |
( |
) | ( |
) | ||||||
|
|
|
|
|
|
|||||||
Cash flows from investing activities: |
||||||||||||
Purchase of property and equipment |
( |
) | ( |
) | ( |
) | ||||||
Purchase of intangible assets |
( |
) | ( |
) | ( |
) | ||||||
Purchase of short-term investments |
( |
) | ( |
) | ( |
) | ||||||
Maturities of short-term investments |
||||||||||||
Cash consideration paid for purchase of subsidiaries, net of cash acquired |
( |
) | ( |
) | ( |
) | ||||||
Cash paid for long-term investments including loans |
( |
) | ( |
) | ( |
) | ||||||
Repayment of loans from investees |
||||||||||||
Cash received from disposal/return of investments |
||||||||||||
Placements of time deposits |
( |
) | ( |
) | ( |
) | ||||||
Maturities of time deposits |
||||||||||||
Impact to cash resulting from deconsolidation of subsidiaries |
— | ( |
) | ( |
) | |||||||
Net cash (used in)/ provided by investing activities |
( |
) |
||||||||||
|
|
|
|
|
|
|||||||
Cash flows from financing activities: |
||||||||||||
Proceeds of short-term loans |
||||||||||||
Repayment of short-term loans |
( |
) | ( |
) | ( |
) | ||||||
Purchase of noncontrolling interests |
( |
) | ( |
) | ( |
) | ||||||
Capital injections from noncontrolling interests |
— | — | ||||||||||
Proceeds from exercise of employees’ share options |
* | |||||||||||
Proceeds from issuance of ordinary shares, net of issuance costs of HKD |
— | — | ||||||||||
Repurchase of convertible senior notes |
— | ( |
) | ( |
) | |||||||
Repurchase of shares |
— | ( |
) |
( |
) | |||||||
Net cash provided by/ (used in) financing activities |
( |
) | ( |
) | ||||||||
|
|
|
|
|
|
|||||||
Effect of exchange rate changes on cash and cash equivalents held in foreign currencies |
( |
) | ||||||||||
Net increase/ (decrease) in cash and cash equivalents |
( |
) | ( |
) | ||||||||
Cash and cash equivalents at beginning of the period |
||||||||||||
|
|
|
|
|
|
|||||||
Cash and cash equivalents at end of the period |
||||||||||||
|
|
|
|
|
|
For the Nine Months Ended September 30, |
||||||||||||
2021 |
2022 |
2022 |
||||||||||
RMB |
RMB |
US$ Note 2(d) |
||||||||||
Supplemental disclosures of cash flows information: |
||||||||||||
Cash paid for income taxes, net of tax refund |
||||||||||||
Cash paid for interest expense |
||||||||||||
Supplemental schedule of non-cash investing and financing activities: |
||||||||||||
Property and equipment purchase financed by accounts payable |
||||||||||||
Acquisitions and investments financed by payables |
||||||||||||
Intangible assets purchases financed by payables |
||||||||||||
Issuance of ordinary shares in the business combination, purchase of noncontrolling interests and investment addition |
||||||||||||
Issuance of ordinary shares in connection with debt conversion |
1. |
Operations |
Major Subsidiaries |
Place and Year of Incorporation |
Percentage of Direct or Indirect Economic Ownership |
Principal Activities | |||||
Bilibili HK Limited |
||||||||
Hode HK Limited |
||||||||
Chaodian HK Limited |
||||||||
Bilibili Co., Ltd. |
||||||||
Hode Shanghai Limited (“Hode Shanghai”) |
||||||||
Shanghai Bilibili Technology Co., Ltd. |
||||||||
Chaodian (Shanghai) Technology Co., Ltd. |
Major VIEs and VIEs’ subsidiaries |
Place and Year of Incorporation Acquisition |
Percentage of Direct or Indirect Economic Ownership |
Principal Activities | |||||||
Shanghai Hode Information Technology Co., Ltd. (“Hode Information Technology”) |
||||||||||
Shanghai Kuanyu Digital Technology Co., Ltd. (“Shanghai Kuanyu”) |
distribution | |||||||||
Sharejoy Network Technology Co., Ltd. (“Sharejoy Network”) |
||||||||||
Shanghai Hehehe Culture Communication Co., Ltd. (“Shanghai Hehehe”) |
||||||||||
Shanghai Anime Tamashi Cultural Media Co., Ltd. (“Shanghai Anime Tamashi”) |
1. |
Operations (Continued) |
December 31 2021 |
September 30 2022 |
|||||||
RMB in thousands |
||||||||
Cash and cash equivalents |
||||||||
Time deposits |
||||||||
Accounts receivable, net |
||||||||
Amounts due from Group companies |
||||||||
Amount due from related parties |
||||||||
Prepayments and other current assets |
||||||||
Short-term investments |
||||||||
Long-term investments, net |
||||||||
Other non-current assets |
||||||||
Total assets |
||||||||
Accounts payable |
||||||||
Salary and welfare payables |
||||||||
Taxes payable |
||||||||
Short-term loans |
||||||||
Deferred revenue |
||||||||
Accrued liabilities and other payables |
||||||||
Amounts due to the Group companies |
||||||||
Amounts due to related parties |
||||||||
Other long-term payable |
||||||||
Total liabilities |
||||||||
Total Bilibili Inc’s shareholders’ deficit |
( |
) |
( |
) | ||||
Noncontrolling interests |
||||||||
Total shareholders’ deficit |
( |
) |
( |
) | ||||
Total liabilities and shareholders’ deficit |
||||||||
1. |
Operations (Continued) |
For the Nine Months Ended September 30, |
||||||||
2021 |
2022 |
|||||||
RMB in thousands |
||||||||
Third-party revenues |
||||||||
Inter-company revenues |
||||||||
Total revenues |
||||||||
Net loss |
( |
) |
( |
) | ||||
For the Nine Months Ended September 30, |
||||||||
2021 |
2022 |
|||||||
RMB in thousands |
||||||||
Net cash provided by operating activities |
||||||||
Net cash used in investing activities |
( |
) |
( |
) | ||||
Net cash provided by financing activities |
||||||||
1. |
Operations (Continued) |
2. |
Significant Accounting Policies |
a) |
Basis of presentation |
b) |
Principles of consolidation |
2. |
Significant Accounting Policies (Continued) |
c) |
Use of estimates |
d) |
Convenience Translation |
e) |
Contract Balances |
f) |
Receivables, net |
For the Nine Months Ended September 30, |
||||||||
2021 |
2022 |
|||||||
RMB in thousands |
||||||||
Beginning balance |
||||||||
|
|
|
|
|||||
Provisions |
||||||||
Write-offs |
( |
) | ||||||
Ending balance |
||||||||
|
|
|
|
3. |
Concentrations and Risks |
a) |
Telecommunications service provider |
For the Nine Months Ended September 30, |
||||||||
2021 |
2022 |
|||||||
Total number of telecommunications service providers |
||||||||
Number of service providers providing 10% or more of the Group’s servers and bandwidth expenditure |
||||||||
Total percentage of the Group’s servers and bandwidth expenditure provided by 10% or greater service providers |
% | % |
b) |
Foreign currency exchange rate risk |
c) |
Credit risk |
RMB in thousands |
December 31, 2021 |
September 30, 2022 |
||||||
Distribution channel A |
N/A |
3. |
Concentrations and Risks (Continued) |
d) |
Major customers and supplying channels |
e) |
Mobile games |
4. |
Prepayments and Other Current Assets |
December 31, 2021 |
September 30, 2022 |
|||||||
RMB in thousands |
||||||||
Prepayments for revenue sharing cost* |
||||||||
Inventories, net |
||||||||
Prepayments for sales tax |
||||||||
Prepayments of marketing and other operational expenses |
||||||||
Prepayments to inventory suppliers |
||||||||
Interest income receivable |
||||||||
Loans to investees or ongoing investments |
||||||||
Prepayments for content cost |
||||||||
Deposits |
||||||||
Prepayments/receivables relating to jointly invested content |
||||||||
Others |
||||||||
Total |
||||||||
* | App stores retain commissions on each purchase made by the users through the App stores. The Group is also obligated to pay ongoing licensing fees in form of royalties to the third-party game developers. Licensing fees consist of fees that the Group pays to content owners for the use of licensed content, including trademarks and copyrights, in the development of games. Licensing fees are either paid in advance and recorded on the balance sheets as prepayments or accrued as incurred and subsequently paid. Additionally, the Group defers the revenue from licensed mobile games over the estimated average playing period of paying players given that there is an implied obligation to provide on-going services to end-users. The related direct and incremental platform commissions are deferred and reported in “Prepayments and Other Current Assets” on the unaudited interim condensed consolidated balance sheets. |
5. |
Short-term Investments |
December 31, 2021 |
September 30, 2022 |
|||||||
RMB in thousands |
||||||||
Financial products |
||||||||
Investments in publicly traded companies |
||||||||
Money market funds |
— | |||||||
Total |
||||||||
6. |
Property and Equipment, Net |
December 31, 2021 |
September 30, 2022 |
|||||||
RMB in thousands |
||||||||
Leasehold improvements |
||||||||
Servers and computers |
||||||||
Others |
||||||||
Total |
||||||||
Less: accumulated depreciation |
( |
) | ( |
) | ||||
Net book value |
||||||||
7. |
Intangible Assets, Net |
As of December 31, 2021 |
||||||||||||
Gross carrying value |
Accumulated amortization |
Net carrying value |
||||||||||
RMB in thousands |
||||||||||||
Licensed copyrights of content |
( |
) | ||||||||||
License rights of mobile games |
( |
) | ||||||||||
Intellectual property and others |
( |
) | ||||||||||
Total |
( |
) |
||||||||||
As of September 30, 2022 |
||||||||||||
Gross carrying value |
Accumulated amortization |
Net carrying value |
||||||||||
RMB in thousands |
||||||||||||
Licensed copyrights of content |
( |
) | ||||||||||
License rights of mobile games |
( |
) | ||||||||||
Intellectual property and others |
( |
) | ||||||||||
Total |
( |
) |
||||||||||
8. |
Long-term Investments, Net |
December 31, 2021 |
September 30, 2022 |
|||||||
RMB in thousands |
||||||||
Equity investments using the measurement alternative |
||||||||
Equity investments accounted for using the equity method |
||||||||
Investments accounted for at fair value |
||||||||
Total |
||||||||
9. |
Taxation |
For the nine months ended September 30 |
||||||||
2021 |
2022 |
|||||||
RMB in thousands |
||||||||
Current income tax expenses |
||||||||
Withholding income tax expenses |
||||||||
Deferred tax benefits |
( |
) | ( |
) | ||||
|
|
|
|
|||||
Total |
||||||||
|
|
|
|
10. |
Taxes Payable |
December 31, 2021 |
September 30, 2022 |
|||||||
RMB in thousands |
||||||||
EIT payable |
||||||||
Withholding income tax payable |
||||||||
Withholding individual income taxes for employees |
||||||||
VAT payable |
||||||||
Others |
||||||||
|
|
|
|
|||||
Total |
||||||||
|
|
|
|
11. |
Short-term loan and current portion of long-term debt |
Balance at December 31, 2021, |
Balance at September 30, 2022 |
|||||||||||||||||||
Interest Rate Range |
Maturity Date |
Amount |
Interest Rate Range |
Maturity Date |
Amount |
|||||||||||||||
RMB in thousands |
RMB in thousands |
|||||||||||||||||||
Unsecured bank loans |
12 months |
|
12 months |
|
||||||||||||||||
Unsecured borrowing |
12 months |
|
12 months |
|
||||||||||||||||
2027 Notes(Note 13) |
N/A | N/A | |
— | 12 months |
|
||||||||||||||
|
|
|
|
|||||||||||||||||
Total |
||||||||||||||||||||
|
|
|
|
12. |
Accrued Liabilities and Other Payables |
December 31, 2021 |
September 30, 2022 |
|||||||
RMB in thousands |
||||||||
Accrued marketing expenses |
||||||||
Payables to producers and licensors |
||||||||
|
||||||||
Consideration payable for acquisitions and investments |
||||||||
Professional fees |
||||||||
Deposit |
||||||||
Interest payable |
||||||||
Other staff related cost |
||||||||
Advances from/payables to third parties |
||||||||
Others |
||||||||
|
|
|
|
|||||
Total |
||||||||
|
|
|
|
13. |
Convertible senior notes |
13. |
Convertible senior notes (Continued) |
13. |
Convertible senior notes (Continued) |
December 31, |
September 30, |
Effective interest rate |
||||||||||
2021 |
2022 |
|||||||||||
Amounts |
Amounts |
|||||||||||
RMB in thousands |
||||||||||||
April 2026 Notes |
% | |||||||||||
2027 Notes |
— |
% | ||||||||||
December 2026 Notes |
% | |||||||||||
Carrying value |
||||||||||||
Unamortized discount and debt issuance costs |
||||||||||||
Total principal amounts of unsecured senior notes |
||||||||||||
14. |
Share-based Compensation |
Total Number of shares |
Weighted Average Exercise Price |
|||||||
(In thousands) |
US$ |
|||||||
Outstanding at January 1, 2022 |
||||||||
Granted |
||||||||
Exercised |
( |
) | ||||||
Forfeited |
( |
) | ||||||
Outstanding at September 30, 2022 |
||||||||
Exercisable at September 30, 2022 |
||||||||
15. |
Net Loss per Share |
For the Nine Months Ended September 30, |
||||||||
2021 |
2022 |
|||||||
RMB in thousands, except for share and per share data |
||||||||
Numerator: |
||||||||
Net loss |
( |
) | ( |
) | ||||
Net loss attributable to noncontrolling interests |
||||||||
|
|
|
|
|||||
Net loss attributable to Bilibili Inc.’s shareholders for basic/dilutive net loss per share calculation |
( |
) | ( |
) | ||||
|
|
|
|
|||||
Denominator: |
||||||||
Weighted average number of ordinary shares outstanding, basic |
||||||||
Weighted average number of ordinary shares outstanding, diluted |
||||||||
Net loss per share, basic |
( |
) | ( |
) | ||||
Net loss per share, diluted |
( |
) | ( |
) |
16. |
Related Party Transactions and Balances |
For the Nine Months Ended September 30, |
||||||||
2021 |
2022 |
|||||||
RMB in thousands |
||||||||
Purchases of goods and services |
||||||||
Transfer of long-term investments 1 |
— | |||||||
Sales of goods and services |
||||||||
Investment income and interest income |
December 31, 2021 |
September 30, 2022 |
|||||||
RMB in thousands |
||||||||
Amount due from related parties |
||||||||
Due from an investment fund |
||||||||
Due from an entity (“Entity” 2 |
||||||||
Due from other investees |
||||||||
|
|
|
|
|||||
Total |
||||||||
|
|
|
|
|||||
Amount due to related parties |
||||||||
|
|
|
|
1. |
In September 2022, the Company transferred several equity investments of the Group to an investment fund, of which the Company is as a limited partner. Pro forma results of operations for the disposed investments have not been presented because they were not material to the unaudited interim condensed consolidated statements of operations and comprehensive loss for the nine months ended September 30, 2021 and 2022, either individually or in aggregate. |
2. |
The Company established the Entity with an independent third party and two entities controlled by Mr. Rui Chen and Ms. Ni Li, respectively, to acquire the land use rights for a parcel of land in Shanghai for future construction. The Company made capital contribution of RMB |
17. |
Acquisitions |
Amount |
Amortization Period |
|||||||
RMB in thousands |
||||||||
Net assets acquired |
||||||||
Intangible assets |
||||||||
—Brand |
||||||||
—Vendor relationship |
||||||||
—Non-compete clause |
||||||||
Goodwill |
||||||||
Total |
||||||||
Total purchase price comprised of: |
||||||||
Amount |
||||||||
RMB in thousands |
||||||||
Cash consideration |
||||||||
Share consideration |
||||||||
Fair value of previously held equity interests |
||||||||
Total |
||||||||
17. |
Acquisitions (Continued) |
Amount |
Amortization Period |
|||||||
RMB in thousands |
||||||||
Net assets acquired |
||||||||
Intangible assets |
||||||||
—Brand |
||||||||
—User base |
||||||||
—Copyrights |
||||||||
—Technology |
||||||||
—Non-compete clause |
||||||||
Deferred tax liabilities |
( |
) | ||||||
Goodwill |
||||||||
Total |
||||||||
Total purchase price comprised of: |
||||||||
Amount |
||||||||
RMB in thousands |
||||||||
Cash consideration |
17. |
Acquisitions (Continued) |
Amount |
Amortization Period |
|||||||
RMB in thousands |
||||||||
Net assets acquired |
||||||||
Intangible assets |
||||||||
—Non-compete clause |
||||||||
—Others |
||||||||
Deferred tax liabilities |
( |
) | ||||||
Goodwill |
||||||||
|
|
|||||||
Total |
||||||||
|
|
|||||||
|
|
|
|
|
|
|
|
|
Total purchase price comprised of: |
||||||||
Amount |
||||||||
RMB in thousands |
||||||||
Cash consideration |
17. |
Acquisitions (Continued) |
For the Year Ended December 31, 2021 |
For the nine months ended September 30, 2022 |
|||||||||||
Amount |
Amortization Period |
|||||||||||
RMB in thousands |
||||||||||||
Net assets acquired |
||||||||||||
Intangible assets |
||||||||||||
—Brand |
— | |||||||||||
—Customer relationship |
— | |||||||||||
—Non-compete clause |
||||||||||||
—Others |
||||||||||||
Deferred tax liabilities |
— | ( |
) | |||||||||
Goodwill |
||||||||||||
|
|
|
|
|||||||||
Total |
||||||||||||
|
|
|
|
|||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
Total purchase price comprised of: |
||||||||||||
Amount |
||||||||||||
RMB in thousands |
||||||||||||
Cash consideration |
||||||||||||
Share consideration |
— | |||||||||||
Fair value of previously held equity interests |
||||||||||||
|
|
|
|
|||||||||
Total |
||||||||||||
|
|
|
|
18. |
Subsequent Events |