XML 31 R8.htm IDEA: XBRL DOCUMENT v3.22.2
CONSOLIDATED STATEMENTS OF CASH FLOWS
¥ in Thousands, $ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2020
CNY (¥)
Mar. 31, 2022
CNY (¥)
Mar. 31, 2022
USD ($)
Mar. 31, 2021
CNY (¥)
Dec. 31, 2019
CNY (¥)
Cash flows from operating activities:          
Net loss (continuing and discontinued operations) ¥ (2,489,562) ¥ (143,223) $ (22,593) ¥ (421,231) ¥ (1,990,128)
Adjustments to reconcile net loss to net cash generated from operating activities:          
Shared-based compensation (32,571) 26,534 4,186 (19,122) 100,295
Depreciation and amortization of property, equipment and software 21,339 14,265 2,250 46,391 88,939
Amortization of intangible assets 87 27 4 111 6,892
Amortization of right-of-use assets 1,252 15,373 2,425 10,950 75,924
Loss/(gains) from disposal of property, equipment and software 1,210 (1,494) (236) 6,568 2,710
Equity in income of affiliates (6,940) (328) (52) (15,657) (30,231)
Write-down of inventory   14,223 2,244 16,279  
Provision for/ (reversal of) credit losses 1,954,516 (687) (108) 91,593 272,783
Guarantee income (44,471) (126) (20) (207,825)  
Discounting impact of the consideration payable to WeBank   11,986 1,891 (30,898)  
Fair value impact of the issuance of senior convertible preferred shares (Note 12, 17)   (186,231) (29,377)    
Gains from waiver of operating payables (Note 13)   (73,747) (11,633)    
Losses from guarantee liabilities         362,597
Deferred income tax liabilities         (1,678)
Impairment of long-term investment         37,775
Gains from disposal of long-term investment, net         (28,257)
Gain from disposal of salvage car related business (179,020)        
Goodwill impairment       9,541  
Impairment of net assets transferred 407,710     420,000  
Transaction gain from divestiture transactions, net (Note 3)       (721,211)  
Inducement charge of convertible notes       121,056  
Changes in operating assets and liabilities:          
Receivables, prepaid expenses and other current assets 138,588 51,824 8,175 48,250 315,726
Amounts due from related parties 23,520 3,817 602 36,664 (51,590)
Amounts due to related parties       69,434  
Advance to consumers on behalf of financing partners 2,135       519,773
Loans recognized as a result of payments under guarantees (251,163) 148,708 23,458 134,380 (1,533,259)
Advance to sellers 58,185     83,537 347,402
Financial lease receivables 102,680 10 2 8,510 156,301
Inventory 3,478 (372,120) (58,700) (75,552) 5,588
Payables, accruals and other current liabilities (101,829) (266,922) (42,105) (354,669) 679,335
Deposit of interests from consumers and payable to financing partners (16,496)     (18,032) (470,105)
Deferred revenue (3,919) (5,247) (828) (27,052) (60,893)
Consideration payable to WeBank   (81,604) (12,873) (334,323)  
Net cash used in operating activities (411,271) (844,962) (133,288) (1,122,308) (1,194,101)
Cash flows from investing activities:          
Proceeds from disposal of property, equipment and software 451 1,885 297 13,357 43,611
Purchase of property, equipment and software (307) (18,654) (2,943) (413) (46,820)
Proceeds from disposal of long term investments 2,741       96,838
Proceeds from disposal short-term investments         597,984
Cash deposits transferred to Golden Pacer (Note 3)         (1,175,867)
Proceeds from disposal of subsidiaries, net of cash disposed 157,013     130,000  
Proceeds from disposal of 2B business       300,072  
Net cash (used in)/generated from investing activities 159,898 (16,769) (2,646) 443,016 (484,254)
Cash flows from financing activities:          
Repayment of borrowings (159,148) (79,560) (12,550) (41,094) (602,485)
Net proceeds from issuance of convertible notes         1,853,381
Repayment of convertible notes         (1,190,182)
Repayment of long-term debt   (58,956) (9,300)    
Proceeds from exercise of share options 629 15,713 2,479 1,912 12,916
Proceeds from issuance of Class A ordinary shares       169,499  
Repurchase of ordinary shares from Fairlubo's minority interest (7,000)        
Proceeds from the issuance of senior convertible preferred shares in conjunction with warrants   887,225 139,956    
Net cash generated from/ (used in) financing activities (165,519) 764,422 120,585 130,317 73,630
Effect of exchange rate changes on cash, cash equivalents and restricted cash 4,065 (113) (18) (14,741) 960
Net decrease in cash, cash equivalents and restricted cash (412,827) (97,422) (15,367) (563,716) (1,603,765)
Cash, cash equivalents and restricted cash recorded in held for sale assets at beginning of the period 25,074       1,001,325
Cash, cash equivalents and restricted cash at beginning of the period 1,185,188 233,719 36,868 797,435 1,812,702
Cash, cash equivalents and restricted cash recorded in held for sale assets at end of the period         25,074
Cash, cash equivalents and restricted cash at end of the period 797,435 136,297 21,501 233,719 1,185,188
Supplemental disclosure of cash flow information          
Cash paid for income tax 1,115 179 28 22 7,754
Cash paid for interest   5,111 806 19,717 ¥ 77,924
Supplemental schedule of noncash investing and financing activities          
Unreceived disposal consideration 130,000     ¥ 129,307  
Unpaid purchase consideration to minority interest ¥ 8,319        
Net settlement of long-term debt with unreceived disposal consideration(Note 5)   ¥ 45,350 $ 7,154