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Consolidated Statements Of Cash Flows
¥ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
CNY (¥)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
CNY (¥)
Dec. 31, 2019
CNY (¥)
Cash flows from operating activities:        
Net loss ¥ (3,654,528) $ (573,476) ¥ (3,470,480) ¥ (1,523,657)
Adjustments to reconcile net loss to net cash used in operating activities        
Depreciation and amortization 67,422 10,580 63,669 70,708
Share-based compensation 3,628,602 569,407 3,254,335 455,634
Modification of options 209,311 32,845 231,972 0
Allowance for doubtful accounts 1,591 250 18,678 62,857
Provision for loans receivable 97,658 15,325 94,160 127,790
(Gain) Loss from disposal of property and equipment 283 44 1,425 (228)
Net loss from disposal of investment in equity investees 124 19 0 0
Investment income from forward contract (25,878) (4,061) 0 0
Share of loss in equity method investees 11,321 1,777 11,054 1,729
Unrealized gains from fair value changes of trading securities and derivative assets (23,967) (3,761) (18,140) 0
Impairment loss and others 96,099 15,080 22,030 710,331
Changes in operating assets and liabilities:        
Accounts receivable 18,799 2,950 (16,396) (6,446)
Amounts due from related parties (7,075) (1,110) 1,130 10,851
Loans receivable (561,368) (88,091) 79,978 (876,654)
Prepayments and other current assets (656,008) (102,942) (27,773) 413,677
Deferred tax assets (1,450) (228) (1,958) (14,005)
Accounts payable 5,314 834 5,859 (18,460)
Prepaid for freight listing fees and other service fees 41,898 6,575 58,137 (3,424)
Income tax payable 5,614 881 15,465 3,953
Other tax payable 191,621 30,070 6,404 (209,445)
Amounts due to related parties (31,213) (4,898) 22,242 28,669
Accrued expenses and other current liabilities 385,712 60,527 233,501 (147,512)
Deferred tax liabilities (11,301) (1,773) (10,550) (10,333)
Net cash (used in) provided by operating activities (211,419) (33,176) 574,742 (923,965)
Cash flows from investing activities:        
Purchases of short-term investments (23,340,272) (3,662,598) (9,377,260) (6,341,221)
Maturity of short-term investments 10,069,291 1,580,091 6,613,919 3,177,061
Maturity of forward contracts 25,878 4,061 0 0
Payments for investment in equity investees (887,327) (139,241) (34,475) (214,739)
Acquisition of subsidiaries, net of cash acquired (242,009) (37,976) (17,728) 0
Prepayments for long-term investments 0 0 (100,000) 0
Net cash out in relation to disposal of a subsidiary (401) (63) 0 0
Return of prepayments for equity investments 0 0 90,000 0
Return from dissolution of an equity investment 11,929 1,872 0 0
Loans to related parties 0 0 (63,482) (48,458)
Repayments of loans from related parties 0 0 109,792 0
Loans to a third party company 0 0 0 (295,659)
Repayments of loans from a third party company 0 0 120,000 340,167
Purchases of property and equipment and intangible assets (43,220) (6,782) (53,064) (10,418)
Proceeds from disposal of property and equipment and intangible assets 7,158 1,123 21,403 2,068
Net cash used in investing activities (14,398,973) (2,259,513) (2,690,895) (3,391,199)
Cash flows from financing activities:        
Proceeds from short-term loans 0 0 0 1,216,469
Repayments of short-term loans 0 0 (500,000) (1,230,879)
Cash received from investors of the consolidated trusts 0 0 0 420,100
Cash paid to investors of the consolidated trusts (31,400) (4,927) (388,700) 0
Proceeds from exercise of share options 20 3 87 0
Cash paid for repurchase of ordinary shares and convertible redeemable preferred shares (2,208,791) (346,608) (557,836) (384,880)
Taxes paid for employees through repurchase of ordinary shares (376,646) (59,104)    
Proceeds from initial public offering, net 11,059,043 1,735,405 0 0
Proceeds from issuance of convertible redeemable preferred shares, net of issuance cost 385,788 60,539 11,081,037 1,672,415
Capital received from non-controlling interests 73,500 11,534 0 0
Loans to a shareholder pledged by preferred shares 0 0 (1,310,140) 0
Net cash provided by financing activities 8,901,514 1,396,842 8,324,448 1,693,225
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash (87,677) (13,759) (127,770) 19,884
Net (decrease) increase in cash, cash equivalents and restricted cash (5,796,555) (909,606) 6,080,525 (2,602,055)
Cash and cash equivalents and restricted cash, beginning of the year 10,160,168 1,594,352 4,079,643 6,681,698
Cash and cash equivalents and restricted cash, end of the year 4,363,613 684,746 10,160,168 4,079,643
The following table provides a reconciliation of cash and cash equivalents, and restricted cash reported within the Consolidated Balance Sheets that sum to the total of the same such amounts shown in the Consolidated Statement of Cash Flows.        
Cash and cash equivalents, end of the year 4,284,291 672,299 10,060,391 3,983,721
Restricted cash, current 65,822 10,329 86,277 95,922
Restricted cash, non-current 13,500 2,118 13,500  
Cash and cash equivalents and restricted cash, end of the year 4,363,613 684,746 10,160,168 4,079,643
Supplemental disclosure of cash flow information:        
Cash paid for interest (excluding interest paid to investors of consolidated trusts) 65 10 9,052 39,924
Income taxes paid 49,612 7,785 16,379 5,250
Supplemental disclosure of non-cash investing and financing activities:        
Acquisition of intangible assets through prepayments made in prior year 43,000 6,748 20,875  
Investment in equity investees through prepayments made in prior year 100,000 15,692    
Waiver of payable to an equity investee 771 121    
Repurchase of ordinary shares through offsetting loans or interests receivable 5,400 847 525 110,619
Consideration payable for repurchase of ordinary shares 129,738 20,359 315,083 47,712
Consideration payable for repurchase of share options     ¥ 9,519  
Consideration payable for purchasing equity investments       ¥ 35,083
Consideration payable for acquisition 76,586 12,018    
Tax payable for employees through repurchase of ordinary shares ¥ 250,008 $ 39,232