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Consolidated Statements Of Cash Flows
¥ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
CNY (¥)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
CNY (¥)
Dec. 31, 2020
CNY (¥)
Cash flows from operating activities:        
Net (loss) income ¥ 411,900 $ 59,720 ¥ (3,654,528) ¥ (3,470,480)
Adjustments to reconcile net (loss) income to net cash used in operating activities        
Depreciation and amortization 88,343 12,809 67,422 63,669
Share-based compensation 919,255 133,279 3,628,602 3,254,335
Modification of options 0 0 209,311 231,972
Allowance for doubtful accounts 4,613 669 1,591 18,678
Provision for loans receivable 194,272 28,167 97,658 94,160
Loss (gain) from disposal of property and equipment (483) (70) 283 1,425
Net loss from disposal of investment in equity investees 879 127 124 0
Investment (income) loss from forward contract 4,058 588 (25,878) 0
Share of loss in equity method investees 1,246 181 11,321 11,054
Unrealized (gains) loss from fair value changes of short term investments and derivative assets 63,390 9,191 (23,967) (18,140)
Noncash lease expense 12,220 1,772 0 0
Impairment loss and others (15,048) (2,182) 96,099 22,030
Changes in operating assets and liabilities:        
Accounts receivable 14,069 2,040 18,799 (16,396)
Amounts due from related parties 7,075 1,026 (7,075) 1,130
Loans receivable (1,065,054) (154,418) (561,368) 79,978
Prepayments and other current assets (943,214) (136,753) (656,008) (27,773)
Deferred tax assets (20,998) (3,044) (1,450) (1,958)
Accounts payable (1,428) (207) 5,314 5,859
Prepaid for freight listing fees and other service fees 78,844 11,431 41,898 58,137
Income tax payable 20,695 3,000 5,614 15,465
Other tax payable 82,839 12,011 191,621 6,404
Amounts due to related parties (6,252) (906) (31,213) 22,242
Accrued expenses and other current liabilities 158,236 22,942 385,712 233,501
Deferred tax liabilities (14,153) (2,052) (11,301) (10,550)
Operating lease liabilities (8,824) (1,279) 0 0
Other non-current assets (2,000) (290) 0 0
Net cash provided by (used in) operating activities (15,520) (2,248) (211,419) 574,742
Cash flows from investing activities:        
Purchases of short-term investments (84,599,727) (12,265,807) (23,340,272) (9,377,260)
Maturity of short-term investments 86,901,541 12,599,539 10,069,291 6,613,919
Maturity of forward contracts (4,058) (588) 25,878 0
Payments for investment in equity investees (6,500) (942) (887,327) (34,475)
Acquisition of subsidiaries, net of cash acquired (76,586) (11,104) (242,009) (17,728)
Prepayments for long-term investments 0 0 0 (100,000)
Net cash out in relation to disposal of a subsidiary 0 0 (401) 0
Return of prepayments for equity investments 0 0 0 90,000
Return from dissolution of equity investments 1,502 218 11,929 0
Loans to related parties 0 0 0 (63,482)
Repayments of loans from related parties 0 0 0 109,792
Repayments of loans from a third party company 0 0 0 120,000
Purchases of property and equipment, land use rights and intangible assets (85,686) (12,423) (43,220) (53,064)
Proceeds from disposal of property and equipment and intangible assets 735 107 7,158 21,403
Net cash (used in) provided by investing activities 2,131,221 309,000 (14,398,973) (2,690,895)
Cash flows from financing activities:        
Repayments of short-term loans (9,000) (1,305) 0 (500,000)
Cash paid to investors of the consolidated trusts 0 0 (31,400) (388,700)
Proceeds from exercise of share options 8 1 20 87
Cash paid for repurchase of ordinary shares and convertible redeemable preferred shares (884,360) (128,220) (2,208,791) (557,836)
Taxes paid for employees through repurchase of ordinary shares (508,015) (73,655) (376,646) 0
Proceeds from initial public offering, net of issuance cost paid of RMB31,785 0 0 11,059,043 0
Proceeds from issuance of convertible redeemable preferred shares, net of issuance cost paid of RMB3,216, nil and nil during the year ended December 31, 2020, 2021 and 2022, respectively 0 0 385,788 11,081,037
Capital received from redeemable non-controlling interests 71,192 10,322 0 0
Capital received from non-controlling interests 0 0 73,500 0
Loans to a shareholder pledged by convertible redeemable preferred shares 0   0 (1,310,140)
Net cash provided by (used in) financing activities (1,330,175) (192,857) 8,901,514 8,324,448
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash 71,932 10,425 (87,677) (127,770)
Net increase (decrease) in cash, cash equivalents and restricted cash 857,458 124,320 (5,796,555) 6,080,525
Cash and cash equivalents and restricted cash, beginning of the year 4,363,613 632,664 10,160,168 4,079,643
Total cash, cash equivalents, and restricted cash 5,221,071 756,984 4,363,613 10,160,168
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 5,137,312 744,840 4,284,291 10,060,391
Restricted cash, current 83,759 12,144 65,822 86,277
Restricted cash, non-current 0 0 13,500 13,500
Total cash, cash equivalents, and restricted cash 5,221,071 756,984 4,363,613 10,160,168
Supplemental disclosure of cash flow information:        
Cash paid for interest (excluding interest paid to investors of consolidated trusts) 175 25 65 9,052
Income taxes paid 110,491 16,020 49,612 16,379
Supplemental disclosure of non-cash investing and financing activities:        
Acquisition of intangible assets through prepayments made in prior year     43,000 20,875
Investment in equity investees through prepayments made in prior year     100,000  
Waiver of payable to an equity investee     771  
Repurchase of ordinary shares through offsetting loans or interests receivable     5,400 525
Consideration payable for repurchase of ordinary shares     129,738 315,083
Consideration payable for repurchase of share options       ¥ 9,519
Consideration payable for acquisition     76,586  
Tax payable for employees through repurchase of ordinary shares     ¥ 250,008  
Settlement of subscription receivables through surrender of ordinary shares held by the shareholder 1,310,140 189,952    
Reclassification from non-controlling interests to redeemable non-controlling interests 73,980 10,726    
Payables for purchase of intangible assets and property and equipment ¥ 7,505 $ 1,088