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Consolidated Statements Of Cash Flows
¥ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
CNY (¥)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
CNY (¥)
Dec. 31, 2021
CNY (¥)
Cash flows from operating activities:        
Net (loss) income ¥ 2,227,093 $ 313,681 ¥ 411,900 ¥ (3,654,528)
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities        
Depreciation and amortization 74,742 10,527 88,343 67,422
Share-based compensation 441,827 62,230 919,255 3,628,602
Modification of options 0 0 0 209,311
Allowance (reversal) for doubtful accounts (767) (108) 4,613 1,591
Provision for loans receivable 234,599 33,043 194,272 97,658
Loss (gain) from disposal of property and equipment 803 113 (483) 283
Net loss (gain) from disposal and deemed disposal of investment in equity investees (3,852) (543) 879 124
Investment (income) loss from forward contract 0 0 4,058 (25,878)
Share of loss in equity method investees 2,067 291 1,246 11,321
Unrealized (gains) losses from fair value changes of investments and derivative assets (12,938) (1,822) 63,390 (23,967)
Noncash lease expense 12,791 1,802 12,220 0
Impairment loss and others 2,149 303 (15,048) 96,099
Changes in operating assets and liabilities:        
Accounts receivable (10,043) (1,415) 14,069 18,799
Amounts due from related parties 0 0 7,075 (7,075)
Loans receivable (1,107,222) (155,949) (1,065,054) (561,368)
Prepayments and other current assets 163,248 22,993 (943,214) (656,008)
Deferred tax assets (107,591) (15,154) (20,998) (1,450)
Accounts payable (2,733) (385) (1,428) 5,314
Prepaid for freight listing fees and other service fees 86,837 12,231 78,844 41,898
Income tax payable 102,683 14,463 20,695 5,614
Other tax payable 63,020 8,876 82,839 191,621
Amounts due to related parties (6,066) (854) (6,252) (31,213)
Accrued expenses and other current liabilities 295,622 41,637 158,236 385,712
Deferred tax liabilities (13,020) (1,834) (14,153) (11,301)
Operating lease liabilities (12,724) (1,792) (8,824) 0
Other non-current liabilities 22,950 3,232 0 0
Other non-current assets (183,829) (25,892) (2,000) 0
Net cash (used in) provided by operating activities 2,269,646 319,674 (15,520) (211,419)
Cash flows from investing activities:        
Purchases of short-term investments (11,617,682) (1,636,316) (84,599,727) (23,340,272)
Maturity of short-term investments 21,594,724 3,041,553 86,901,541 10,069,291
Purchases of long-term investments (9,261,359) (1,304,435) 0 0
Maturity of forward contracts 0 0 (4,058) 25,878
Payments for investment in equity investees (63,000) (8,873) (6,500) (887,327)
Acquisition of subsidiaries, net of cash acquired 0 0 (76,586) (242,009)
Net cash out in relation to disposal of a subsidiary 0 0 0 (401)
Return from dissolution of equity investments 0 0 1,502 11,929
Purchases of property and equipment, land use rights and intangible assets (100,344) (14,133) (85,686) (43,220)
Proceeds from disposal of property and equipment and intangible assets 1,400 197 735 7,158
Net cash (used in) provided by investing activities 553,739 77,993 2,131,221 (14,398,973)
Cash flows from financing activities:        
Repayments of short-term loans 0 0 (9,000) 0
Cash paid to investors of the consolidated trusts 0 0 0 (31,400)
Proceeds from exercise of share options 1 0 8 20
Cash paid for repurchase of ordinary shares and convertible redeemable preferred shares (1,168,301) (164,552) (884,360) (2,208,791)
Taxes paid for employees through repurchase of ordinary shares (26,741) (3,766) (508,015) (376,646)
Cash prepaid for repurchase of ordinary shares (179,784) (25,322) 0 0
Proceeds from initial public offering, net of issuance cost paid of RMB31,785 0 0 0 11,059,043
Proceeds from issuance of convertible redeemable preferred shares 0 0 0 385,788
Proceeds prepaid by investors of a subsidiary 90,000 12,676 0 0
Capital contribution from redeemable non-controlling interests 111,823 15,750 71,192 0
Capital contribution from non-controlling interests 6,000 845 0 73,500
Net cash provided by (used in) financing activities (1,167,002) (164,369) (1,330,175) 8,901,514
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash 18,954 2,669 71,932 (87,677)
Net (decrease) increase in cash, cash equivalents and restricted cash 1,675,337 235,967 857,458 (5,796,555)
Cash and cash equivalents and restricted cash, beginning of the year 5,221,071 735,372 4,363,613 10,160,168
Total cash, cash equivalents, and restricted cash 6,896,408 971,339 5,221,071 4,363,613
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 6,770,895 953,661 5,137,312 4,284,291
Restricted cash, current 115,513 16,270 83,759 65,822
Restricted cash, non-current 10,000 1,408 0 13,500
Total cash, cash equivalents, and restricted cash 6,896,408 971,339 5,221,071 4,363,613
Supplemental disclosure of cash flow information:        
Cash paid for interest (excluding interest paid to investors of consolidated trusts)     175 65
Income taxes paid 124,732 17,568 110,491 49,612
Supplemental disclosure of non-cash investing and financing activities:        
Acquisition of intangible assets and property and equipment through prepayments made in prior year       43,000
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
Consideration payable for repurchase of ordinary shares and convertible redeemable preferred shares       129,738
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  
Reclassification from non-controlling interests to redeemable non-controlling interests     73,980  
Payables for purchase of intangible assets and property and equipment 28,238 3,977 ¥ 7,505  
TYT Company [Member]        
Supplemental disclosure of non-cash investing and financing activities:        
Vesting of restricted shares of TYT (see note 17) ¥ 8,050 $ 1,134