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Additional Financial Information of Parent Company
 12 Months Ended
Dec. 31, 2023
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,
  
    
2022
    
2023
    
2023
  
    
RMB
    
RMB
    
USD
  
                
(Note 2)
  
ASSETS
       
Current assets:
       
Cash and cash equivalents
      273,112       59,957       8,445  
Short-term investments
      16,581,019       9,377,702       1,320,822  
Prepayments and other current assets
      193,771       279,541       39,373  
  
 
 
    
 
 
    
 
 
  
Total current assets
   
 
17,047,902
 
  
 
9,717,200
 
  
 
1,368,640
 
Investment in and amount due from subsidiaries/VIEs
      15,678,895       19,491,063       2,745,258  
Long-term investments
      1,100,407       6,415,971       903,671  
Other
non-current
assets
      —        121,280       17,082  
  
 
 
    
 
 
    
 
 
  
Total
non-current
assets
   
 
16,779,302
 
  
 
26,028,314
 
  
 
3,666,011
 
  
 
 
    
 
 
    
 
 
  
TOTAL ASSETS
   
 
33,827,204
 
  
 
35,745,514
 
  
 
5,034,651
 
  
 
 
    
 
 
    
 
 
  
LIABILITIES
       
Accounts payable
      2       —        —   
Amounts due to related parties
      122,152       —        —   
Income tax payable
      18,303       24,952       3,514  
Other tax payable
      —        8,932       1,258  
Accrued expenses and other current liabilities
      29,514       107,124       15,089  
  
 
 
    
 
 
    
 
 
  
TOTAL LIABILITIES
   
 
169,971
 
  
 
141,008
 
  
 
19,861
 
  
 
 
    
 
 
    
 
 
  
SHAREHOLDERS’ EQUITY
       
Class A Ordinary shares (US$0.00001 par value,
40,000,000,000
and 40,000,000,000 shares authorized, 18,919,468,156 and 19,021,152,078
shares issued, 18,919,468,156 and 18,767,309,958 shares outstanding as of December 31, 2022 and 2023, respectively)
      1,222       1,229       173  
Class B Ordinary shares (US$0.00001 par value, 10,000,000,000 and 10,000,000,000 shares authorized, 2,317,044,668 and 2,131,865,628 shares issued and outstanding as of December 31, 2022 and 2023, respectively)
      155       142       20  
Treasury stock
, at cost
      —        (608,117 )      (85,651 ) 
Additional
paid-in
capital
      47,758,178       47,713,985       6,720,374  
Accumulated other comprehensive income
      2,511,170       2,897,871       408,157  
Accumulated deficit
      (16,613,492 )      (14,400,604 )      (2,028,283 ) 
  
 
 
    
 
 
    
 
 
  
TOTAL SHAREHOLDERS’ EQUITY
   
 
33,657,233
 
  
 
35,604,506
 
  
 
5,014,790
 
  
 
 
    
 
 
    
 
 
  
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY
   
 
33,827,204
 
  
 
35,745,514
 
  
 
5,034,651
 
  
 
 
    
 
 
    
 
 
  
 
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) INCOME
(Amounts in thousands, except share and per share data)
 
    
Years ended December 31,
  
    
2021
    
2022
    
2023
  
    
RMB
    
RMB
    
RMB
    
USD
  
                      
(Note 2)
  
Cost and operating expenses
      (3,959,299 )      (1,033,444 )      (526,819 )      (74,201 ) 
Interest income
      153,749       326,699       771,606       108,678  
Investment (loss) income
      (379 )      23,405       52,177       7,349  
Unrealized gains (loss) from fair value changes of investments
      18,333       (39,131 )      12,852       1,810  
Other income, net
      2,277       228,955       116,546       16,416  
Impairment loss and others
      (46,625 )      (1,646 )      1,152     162
Equity in losses of equity investees
      (5,696 )      —        —        —   
Income tax expenses
      (14,090 )      (96,032 )      (93,914 )      (13,228 ) 
Equity in income of subsidiaries, VIEs and VIEs’ subsidiaries
      197,282       997,956       1,879,288       264,694  
  
 
 
    
 
 
    
 
 
    
 
 
  
Net (loss) income
   
 
(3,654,448
) 
  
 
406,762
 
  
 
2,212,888
 
  
 
311,680
 
  
 
 
    
 
 
    
 
 
    
 
 
  
Other comprehensive (loss) income
         
Foreign currency translation adjustments, net of tax of nil
      (533,657 )      1,972,520       386,701       54,466  
  
 
 
    
 
 
    
 
 
    
 
 
  
Total comprehensive (loss) income
   
 
(4,188,105
) 
  
 
2,379,282
 
  
 
2,599,589
 
  
 
366,146
 
  
 
 
    
 
 
    
 
 
    
 
 
  
 
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,
  
    
2021
    
2022
    
2023
    
2023
  
    
RMB
    
RMB
    
RMB
    
USD
  
                      
(Note 2)
  
Cash flows from operating activities:
         
Net (loss) income
   
 
(3,654,448
) 
  
 
406,762
 
  
 
2,212,888
 
  
 
311,680
 
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities
         
Equity in income of subsidiaries, VIEs and VIEs’ subsidiaries
      (197,282 )      (997,956 )      (1,879,288 )      (264,694 )
Share-based compensation
      3,628,602       919,255       419,551       59,093  
Modification of share options
      209,311       —        —        —   
Equity in loss of unconsolidated investees
      5,696       —        —        —   
Net loss (gain) from disposal and deemed disposal of investment in equity investees
      379       —        (1,110 )      (156 ) 
Unrealized (gains) loss from fair value changes of investments
      (18,333 )      39,131       (12,852 )      (1,810 ) 
Foreign exchange loss
 (
gain
)
      2,917       1,646       (1,152 )      (162 ) 
Impairment loss
      43,708       —        —        —   
Changes in operating assets and liabilities:
         
Prepayments and other current assets
      (108,119 )      (80,171 )      92,424       13,018  
Accounts payable
      42       (40 )      (2 )      (0 ) 
Amounts due to related parties
      (31,213 )      (6,252 )      (6,066 )      (854 ) 
Income tax payable and other tax payable
      9,084       9,219       15,581       2,194  
Accrued expenses and other current liabilities
      (78,313 )      18,749       69,385       9,773  
Other non-current assets
      —        —        (121,280 )      (17,082 ) 
  
 
 
    
 
 
    
 
 
    
 
 
  
Net cash (used in) provided by operating activities
   
 
(187,969
) 
  
 
310,343
 
  
 
788,079
 
  
 
111,000
 
Cash flows from investing activities:
         
Purchases of short-term investments
      (19,376,170 )      (77,533,178 )      (9,431,226 )      (1,328,360 ) 
Maturity of short-term investments
      7,464,384       80,368,017       16,951,360       2,387,549  
Purchases of long-term investments
      —        —        (5,306,075 )      (747,345 ) 
Payment for investment in equity investees
      (580,888 )      —        —        —   
Return from dissolution of an equity investment
      11,929       —        —        —   
Investment in subsidiaries and VIEs
      (2,081,323 )      (2,538,846 )      (1,833,910 )      (258,301 ) 
  
 
 
    
 
 
    
 
 
    
 
 
  
Net cash (used in) provided by investing activities
   
 
(14,562,068
) 
  
 
295,993
 
  
 
380,149
 
  
 
53,543
 
Cash flows from financing activities:
         
Cash paid for repurchase of ordinary shares and convertible redeemable preferred shares
      (2,208,791 )      (884,360 )      (1,168,301 )      (164,552 ) 
Taxes paid for employees through repurchase of ordinary shares
      (376,646 )      (508,015 )      (26,741 )      (3,766 ) 
Cash prepaid for repurchase of ordinary shares
      —        —        (179,784 )      (25,322 ) 
Proceeds from issuing preferred shares, net of issuance cost
      385,788       —        —        —   
Proceeds from initial public offerings, net
      11,059,043       —        —        —   
Proceeds from exercise of share options
      20       8       1       0  
  
 
 
    
 
 
    
 
 
    
 
 
  
Net cash provided by (used in) financing activities
   
 
8,859,414
 
  
 
(1,392,367
) 
  
 
(1,374,825
) 
  
 
(193,640
) 
Effect of exchange rate changes on cash and cash equivalents
   
 
(102,804
) 
  
 
26,603
 
  
 
(6,558
) 
  
 
(925
) 
Net decrease in cash and cash equivalents
   
 
(5,993,427
) 
  
 
(759,428
) 
  
 
(213,155
) 
  
 
(30,022
) 
Cash and cash equivalents, beginning of the year
      7,025,967       1,032,540       273,112       38,467  
  
 
 
    
 
 
    
 
 
    
 
 
  
Cash and cash equivalents, end of the year
      1,032,540       273,112       59,957       8,445  
  
 
 
    
 
 
    
 
 
    
 
 
  
 
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, 2021, 2022 and 2023, there were no material contingencies, significant provisions of long-term obligations, or guarantees of the Company.