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Additional Financial Information of Parent Company
 12 Months Ended
Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract]  
Additional Financial Information of Parent Company
ADDITIONAL FINANCIAL INFORMATION OF PARENT COMPANY
FINANCIAL STATEMENTS SCHEDULE I
FULL TRUCK ALLIANCE CO. LTD.
FINANCIAL INFORMATION OF PARENT COMPANY
CONDENSED BALANCE SHEETS
(Amounts in thousands, except share and per share data)
 
    
As of December 31,
  
    
2020
    
2021
    
2021
  
    
RMB
    
RMB
    
USD
  
                
(Note 2)
  
ASSETS
                         
Current assets:
                         
Cash and cash equivalents
      7,025,967       1,032,540       162,028  
Short-term investments
      6,270,302       17,866,528       2,803,648  
Prepayments and other current assets
      13,762       113,595       17,826  
  
 
 
 
 
 
 
 
 
 
 
 
Total current assets
   
 
13,310,031
 
  
 
19,012,663
 
  
 
2,983,502
 
Investment in and amount due from subsidiaries/VIEs
      9,675,404       11,885,179       1,865,044  
Long-term investments
      522,672       1,007,361       158,077  
  
 
 
 
 
 
 
 
 
 
 
 
Total
non-current
assets
   
 
10,198,076
 
  
 
12,892,540
 
  
 
2,023,121
 
    
 
 
    
 
 
    
 
 
  
TOTAL ASSETS
   
 
23,508,107
 
  
 
31,905,203
 
  
 
5,006,623
 
    
 
 
    
 
 
    
 
 
  
LIABILITIES
                         
Accounts payable
      —         42       7  
Amounts due to related parties
      172,779       179,859       28,224  
Income tax payable
      —         9,084       1,425  
Other tax payable
      —         250,008       39,232  
Accrued expenses and other current liabilities
      283,524       10,765       1,690  
  
 
 
 
 
 
 
 
 
 
 
 
TOTAL LIABILITIES
   
 
456,303
 
  
 
449,758
 
  
 
70,578
 
  
 
 
 
 
 
 
 
 
 
 
 
MEZZANINE EQUITY
   
 
31,535,947
 
  
 
—  
 
  
 
—  
 
SHAREHOLDERS’ (DEFICIT) EQUITY
                         
Class A Ordinary shares (US$0.00001 par value, 33,562,015,467 and 40,000,000,000 shares authorized, 3,517,944,736 and
18,559,858,605shares
issued and outstanding as of December 31, 2020 and 2021,respectively)
      233       1,201       188  
Class B Ordinary shares (US$0.00001 par value, 963,610,653
and10,000,000,000
shares authorized, 963,610,653 and 3,269,099,726 issued and outstanding as of December 31, 2020 and 2021, respectively)
      63       215       34  
Additional
paid-in
capital
      3,809,060       49,245,773       7,727,736  
Accumulated other comprehensive income
      1,072,307       538,650       84,526  
Subscription receivable
      —         (1,310,140 )      (205,590 ) 
Accumulated deficit
      (13,365,806 )      (17,020,254 )      (2,670,849 ) 
 
 
 
 
 
 
 
 
 
 
 
 
 
TOTAL SHAREHOLDERS’ (DEFICIT) EQUITY
   
 
(8,484,143
) 
  
 
31,455,445
 
  
 
4,936,045
 
    
 
 
    
 
 
    
 
 
  
TOTAL LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS’ (DEFICIT)
EQUITY
   
 
23,508,107
 
  
 
31,905,203
 
  
 
5,006,623
 
    
 
 
    
 
 
    
 
 
  
ADDITIONAL FINANCIAL INFORMATION OF PARENT COMPANY
FINANCIAL STATEMENTS SCHEDULE I
FULL TRUCK ALLIANCE CO. LTD.
FINANCIAL INFORMATION OF PARENT COMPANY
CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
(Amounts in thousands, except share and per share data)
 
    
Years ended December 31,
  
    
2019
    
2020
    
2021
  
    
RMB
    
RMB
    
RMB
    
USD
  
                      
(Note 2)
  
Cost and operating expenses
      (712,108 )      (3,729,055 )      (3,959,299 )      (621,300 ) 
Interest income
      176,925       93,897       153,749       24,127  
Investment income
      —         —         (379 )      (59 ) 
Fair value change in trading securities
      —         —         18,333       2,877  
Impairment 
loss and others
      —         —         (44,348 )      (6,960 ) 
Equity in losses of equity investees
      (1,444 )      (10,975 )      (5,696 )      (894 ) 
Income tax expenses
      —         —         (14,090 )      (2,211 ) 
Equity in (loss) profit income of subsidiaries, VIEs and VIEs’ subsidiaries
      (987,023 )      175,661       197,282       30,957  
    
 
 
    
 
 
    
 
 
    
 
 
  
Net loss attributable to Full Truck Alliance Co. Ltd.
   
 
(1,523,650
) 
  
 
(3,470,472
) 
  
 
(3,654,448
) 
  
 
(573,463
) 
    
 
 
    
 
 
    
 
 
    
 
 
  
         
Other comprehensive income (loss)
                                 
Foreign currency translation adjustments, net of tax of nil
      89,399       (498,157 )      (533,657 )      (83,742 ) 
    
 
 
    
 
 
    
 
 
    
 
 
  
Total comprehensive loss attributable to Full Truck Alliance Co. Ltd.
   
 
(1,434,251
) 
  
 
(3,968,629
) 
  
 
(4,188,105
) 
  
 
(657,205
) 
    
 
 
    
 
 
    
 
 
    
 
 
  
ADDITIONAL FINANCIAL INFORMATION OF PARENT COMPANY
FINANCIAL STATEMENTS SCHEDULE I
FULL TRUCK ALLIANCE CO. LTD.
FINANCIAL INFORMATION OF PARENT COMPANY
CONDENSED STATEMENTS OF CASH FLOWS
(Amounts in thousands, except for share and per share data)
 
    
Years ended December 31,
  
    
2019
    
2020
    
2021
    
2021
  
    
RMB
    
RMB
    
RMB
    
USD
  
Cash flows from operating activities:
                           
 
(Note 2)
 
Net loss attribute to ordinary shareholders
   
 
(1,523,650
) 
  
 
(3,470,472
) 
  
 
(3,654,448
) 
  
 
(573,463
) 
Adjustments to reconcile net loss to net cash used in operating activities
                                 
Equity in income (loss) of subsidiaries, VIEs and VIEs’ subsidiaries
      987,023       (175,661 )      (197,282 )      (30,957 ) 
Share-based compensation
      455,634       3,254,335       3,628,602       569,407  
Modification of share options
      —         231,972       209,311       32,845  
Equity in loss of unconsolidated investees
      1,444       10,975       5,696       894  
Net gain from disposal of investment in equity investees
      —         —         379       59  
Unrealized gains from fair value changes of trading securities
      —         —         (18,333 )      (2,877 ) 
Foreign exchange loss
     
—  
 
    
 
—  
 
     2,917       458  
Impairment loss
      —         —         43,708       6,859  
Changes in operating assets and liabilities:
                                 
Prepayments and other current assets
      849       22,727       (108,119 )      (16,966 ) 
Accounts payable
      —         —         42       7  
Amounts due to related parties
      28,669       22,242       (31,213 )      (4,898 ) 
Income tax payable
      —         —         9,084       1,425  
Accrued expenses and other current liabilities
      —         91,377       (78,313 )      (12,289 ) 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net cash used in operating activities
   
 
(50,031
) 
  
 
(12,505
) 
  
 
(187,969
) 
  
 
(29,496
) 
Cash flows from investing activities:
                                 
Purchases of short-term investments
      (4,404,601 )      (6,766,468 )      (19,376,170 )      (3,040,544 ) 
Maturity of short-term investments
      3,107,061       4,638,930       7,464,384       1,171,325  
Payment for investment in equity investees
      (75,739 )      (19,312 )      (580,888 )      (91,154 ) 
Return from dissolution of an equity investment
      —         —         11,929       1,872  
Loans to related parties
      (48,458 )      (63,482 )      —         —    
Repayment of loans from related parties
      —         109,792       —         —    
Investment in subsidiaries and VIEs
      (91,803 )      (493,225 )      (2,081,323 )      (326,605 ) 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net cash used in investing activities
   
 
(1,513,540
) 
  
 
(2,593,765
) 
  
 
(14,562,068
) 
  
 
(2,285,106
) 
Cash flows from financing activities:
                                 
Cash paid for repurchase of ordinary shares and preferred shares
      (384,880 )      (557,836 )      (2,585,437 )      (405,711 ) 
Proceeds from issuing preferred shares, net of issuance cost
      —         —         385,788       60,539  
Proceeds from initial public offerings, net
      —         —         11,059,043       1,735,405  
Proceeds from exercise of share options
      —         87       20       3  
Proceeds from issuance of convertible redeemable preferred shares, net of issuance cost
      1,672,415       11,081,037       —         —    
Loan to a shareholder pledged by preferred shares
      —         (1,310,140 )      —         —    
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net cash provided by financing activities
   
 
1,287,535
 
  
 
9,213,148
 
  
 
8,859,414
 
  
 
1,390,236
 
Effect of exchange rate changes on cash and cash equivalents
   
 
36,656
 
  
 
(274,587
) 
  
 
(102,804
) 
  
 
(16,134
) 
Net (decrease) increase in cash and cash equivalents
   
 
(239,380
) 
  
 
6,332,291
 
  
 
(5,993,427
) 
  
 
(940,500
) 
Cash and cash equivalents, beginning of the year
   
 
933,056
 
  
 
693,676
 
  
 
7,025,967
 
  
 
1,102,528
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and cash equivalents, end of the year
   
 
693,676
 
  
 
7,025,967
 
  
 
1,032,540
 
  
 
162,028
 
 
  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
ADDITIONAL FINANCIAL INFORMATION OF PARENT COMPANY
FINANCIAL STATEMENTS SCHEDULE I
FULL TRUCK ALLIANCE CO. LTD.
FINANCIAL INFORMATION OF PARENT COMPANY
NOTES TO SCHEDULE I
 
1)
Schedule I has been provided pursuant to the requirements of Rule
12-04(a)
and
5-04(c)
of Regulation
S-X,
which require condensed financial information as to the financial position, changes in financial position and results of operations of a parent company as of the same dates and for the same periods for which audited consolidated financial statements have been presented when the restricted net assets of consolidated subsidiaries exceed 25 percent of condensed consolidated net assets as of the end of the most recently completed fiscal year. The Company does not include financial information as to the changes in equity as such financial information is the same as the consolidated statements of changes in shareholders’ equity.
 
2)
The condensed financial information has been prepared using the same accounting policies as set out in the consolidated financial statements except that the equity method has been used to account for investments in its subsidiaries and VIEs. For the parent company, the Company records its investments in subsidiaries and VIEs under the equity method of accounting as prescribed in ASC 323, Investments—Equity Method and Joint Ventures. Such investments are presented on the Condensed Balance Sheets as “Investment in subsidiaries and VIEs” and the subsidiaries and VIE’s profit or loss as “Equity in losses of subsidiaries, VIEs and VIEs’ subsidiaries” on the Condensed Statements of Operations and Comprehensive Loss. Ordinarily under the equity method, an investor in an equity method investee would cease to recognize its share of the losses of an investee once the carrying value of the investment has been reduced to nil absent an undertaking by the investor to provide continuing support and fund losses. For the purpose of this Schedule I, the parent company has continued to reflect its share, based on its proportionate interest, of the losses of subsidiaries and VIE in investment in and amount due from subsidiaries and VIEs even though the parent company is not obligated to provide continuing support or fund losses.
 
3)
For the years ended December 31, 2019, 2020 and 2021, there were no material contingencies, significant provisions of long-term obligations, or guarantees of the Company.