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CONSOLIDATED STATEMENTS OF CASH FLOWS
¥ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
USD ($)
Dec. 31, 2020
CNY (¥)
Dec. 31, 2019
CNY (¥)
Dec. 31, 2018
CNY (¥)
Cash flows from operating activities:        
Net loss $ (261,330) ¥ (1,705,176) ¥ (1,669,781) ¥ (1,878,375)
Adjustments to reconcile net loss to net cash used in operating activities        
Depreciation and amortization 30,846 201,272 215,664 212,241
Share-based compensation 55,184 360,078 51,168 51,185
Loss (gain) from disposal of property and equipment 13 82 (1,442) 3,639
Valuation allowance for inventories 63 413   1,632
Foreign exchange (gain) loss     13,370 (7,151)
Allowance (reversal) for doubtful accounts     (316) 316
Impairment provision for other non-current assets       5,432
Impairment provision for property and equipment       8,481
Fair value change in foreign currency forward contract       (13,463)
Changes in operating assets and liabilities:        
Accounts receivable (55,992) (365,350) (7,574) (23,714)
Inventories (297) (1,937) 4,001 (3,634)
Amount due from related parties (51,749) (337,659) (149,319) (110,603)
Prepayments and other current assets (13,026) (84,995) (3,261) (42,273)
Operating lease right-of-use assets 2,742 17,890    
Other non-current assets (1,040) (6,785) 187 35
Accounts payable 601 3,922 1,262 1,516
Notes payable 26,054 170,000    
Amount due to related parties (4,580) (29,882) 28,498 16,012
Payable to riders and drivers 51,518 336,155 101,244 15,082
Accrued expenses and other current liabilities 54,831 357,773 127,493 (28,174)
Deferred tax liabilities (788) (5,143) (9,032) (27,539)
Operating lease liabilities (2,891) (18,865)    
Net cash used in operating activities (169,841) (1,108,207) (1,297,838) (1,819,355)
Cash flows from investing activities:        
Proceeds from disposal of short-term investments 1,120,785 7,313,119 4,444,043 7,489,577
Purchase of short-term investments (1,091,047) (7,119,080) (4,680,033) (7,909,057)
Purchase of long-term time deposits (61,303) (400,000)    
Purchase of property and equipment and intangible assets (3,661) (23,890) (31,762) (32,861)
Proceeds from disposal of property and equipment 14 94 292 649
Proceeds from disposal of foreign currency forward contract       36,310
Net cash used in investing activities (35,212) (229,757) (267,460) (415,382)
Cash flows from financing activities:        
Proceeds from short-term loan 91,954 600,000    
Repayment of short-term loan       (354,499)
Proceeds from public offerings, net of issuance costs paid of RMB38,821 793,029 5,174,508    
Proceeds from exercise of share options 1,058 6,904    
Proceeds from subscription receivable 5 35    
Proceeds from stock sold on behalf of employees 16,874 110,103    
Proceeds from issuance of convertible redeemable preferred shares, net of issuance costs paid of RMB 9,689       3,402,611
Net cash provided by financing activities 902,920 5,891,550   3,048,112
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash (28,914) (188,664) (22,575) 11,363
Net increase (decrease) in cash, cash equivalents and restricted cash 668,953 4,364,922 (1,587,873) 824,738
Cash and cash equivalents and restricted cash, beginning of the year 177,185 1,156,133 2,744,006 1,919,268
Cash and cash equivalents and restricted cash, end of the year $ 846,138 ¥ 5,521,055 ¥ 1,156,133 ¥ 2,744,006