Leases

12 Months Ended

Dec. 31, 2022

11.

LEASES

The Group has operating leases arrangements for their regional processing centers, frontline fulfillment stations, processing plants, office space, vehicles and equipment.

A summary of supplemental information related to operating leases as of December 31, 2021 and 2022 is as follows:


	As of December 31,
	2021			2022			2022
	RMB			RMB			US$
	(in thousands)
Operating lease right-of-use assets		2,245,571			1,425,117			206,622
Operating lease liabilities, current		969,494			693,496			100,547
Operating lease liabilities, non-current		1,244,096			678,000			98,301
Total operating lease liabilities.		2,213,590			1,371,496			198,848
Weighted average remaining lease term	2.79 years			2.54 years			2.54 years
Weighted average discount rate		6.8	%		6.9	%		6.9	%

A summary of lease cost recognized in the Group’s consolidated statements of comprehensive loss and supplemental cash flow information related to operating leases is as follows:


	For the year ended December 31,
	2020		2021		2022		2022
	RMB		RMB		RMB		US$
	(in thousands)
Operating lease cost		475,064		953,325		1,040,862		150,911
Short-term lease cost		7,391		12,227		11,219		1,626
Variable lease cost		—		8,247		14,896		2,160
Total		482,455		973,799		1,066,977		154,697
Cash paid for operating leases.		500,458		1,002,511		1,046,689		151,756
Right-of-use assets obtained in exchange for operating lease liabilities.		1,489,367		1,671,666		393,755		57,089

11.

LEASES (CONTINUED)

A summary of the maturity of operating lease liabilities under the Group’s non-cancelable operating leases as of December 31, 2022 is as follows:


	As of December 31, 2022
	RMB			US$
	(in thousands)
2023		758,787			110,014
2024		420,328			60,942
2025		217,340			31,511
2026		77,552			11,244
2027		6,079			881
Thereafter		2,668			387
Total future lease payments.		1,482,754			214,979
Less: imputed interest		(111,258	)		(16,131	)
Total operating lease liabilities		1,371,496			198,848

The aggregate consideration paid for the early termination of the operating leases of certain regional processing centers and frontline fulfillment stations and the resulting gain or loss recognized upon termination of such leases was not significant for the periods presented.