| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | ||
|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES | ||||||
Net income | ||||||
306,542 | 175,173 | 152,931 | 120,665 | - | ||
Income from continuing operations | ||||||
- | - | - | - | 75,352 | ||
Loss from discontinued operations | ||||||
- | - | - | - | 0 | ||
Adjustments to reconcile net income to net cash from operating activities: | ||||||
Depreciation of property and equipment | ||||||
12,590 | 9,397 | 7,925 | 5,655 | 4,220 | ||
Amortization of intangible assets | ||||||
1,064 | 656 | 810 | 976 | 1,032 | ||
Loss on disposal of property and equipment | ||||||
-447 | -33 | -88 | -26 | -15 | ||
Provision for doubtful accounts | ||||||
170 | 332 | 336 | - | - | ||
(Earnings)/loss from equity method investments | ||||||
-1,625 | -956 | 16 | - | - | ||
Fair value change of short-term investments | ||||||
4,464 | 847 | - | - | - | ||
Write-down of inventories and prepayment for vehicle purchase cost | ||||||
228 | 7,229 | - | - | - | ||
Provision for doubtful accounts | ||||||
- | - | - | 7 | 41 | ||
Share-based compensation | ||||||
27,325 | 28,142 | 16,664 | 9,133 | 4,230 | ||
Deferred income taxes | ||||||
1,887 | -14,950 | -1,000 | 860 | 550 | ||
Changes in operating assets and liabilities: | ||||||
Accounts receivable | ||||||
105,885 | 19,123 | 52,632 | 43,681 | 23,110 | ||
Amounts due from related parties, current | ||||||
623 | 2,709 | 254 | - | - | ||
Prepaid expenses and other current assets | ||||||
-29,411 | 11,175 | 40,816 | 9,755 | 141 | ||
Inventories | ||||||
-14,468 | -636 | 17,238 | - | - | ||
Restricted cash | ||||||
-1,432 | -7,457 | 9,431 | - | - | ||
Amounts due from related parties, non-current | ||||||
1,560 | 116 | - | - | - | ||
Other non-current assets | ||||||
-2,518 | 1,741 | 303 | 2,085 | 1,016 | ||
Accrued expenses and other payables | ||||||
65,369 | 44,484 | 48,892 | 32,463 | 16,156 | ||
Advance from customers | ||||||
-834 | 7,010 | -2,364 | 6,477 | - | ||
Notes payable | ||||||
-4,774 | -20,723 | 27,007 | - | - | ||
Deferred revenue | ||||||
61,071 | 20,115 | 66,950 | 36,353 | 20,019 | ||
Income tax payable | ||||||
-26,497 | 4,580 | 23,188 | 8,793 | -1,399 | ||
Amounts due to related parties | ||||||
-975 | -981 | 3,614 | -86 | 94 | ||
Other liabilities | ||||||
-439 | 343 | 1,318 | -803 | 2,060 | ||
Net cash generated from operating activities | ||||||
380,096 | 234,178 | 225,669 | 164,998 | 98,103 | ||
Purchase of property and equipment | ||||||
13,283 | 12,796 | 13,764 | 6,885 | 7,303 | ||
Proceeds from disposal of property and equipment | ||||||
125 | 78 | 92 | 175 | 88 | ||
Acquisition of intangible assets | ||||||
3,243 | 0 | 0 | 17 | 374 | ||
Purchase of long-term investments | ||||||
4,611 | 2,449 | - | - | - | ||
Proceeds from and cash advanced from disposal of long-term investments | ||||||
8,838 | - | - | - | - | ||
Long-term investments | ||||||
- | - | 19,142 | - | - | ||
Purchase of short-term investments | ||||||
3,014,582 | 606,740 | 573,509 | 347,381 | - | ||
Maturity of short-term investments | ||||||
2,271,515 | 547,744 | 543,392 | 70,526 | - | ||
Net cash used in investing activities | ||||||
-755,241 | -74,163 | -62,931 | -283,582 | -7,589 | ||
CASH FLOWS FROM FINANCING ACTIVITIES | ||||||
Decrease in restricted cash | ||||||
- | 0 | 0 | -39,487 | - | ||
Increase in restricted cash | ||||||
- | - | - | - | 40,471 | ||
Proceeds from short-term debt | ||||||
- | - | 0 | 0 | 38,390 | ||
Repayment of short-term debt | ||||||
- | 0 | 0 | 380 | 38,000 | ||
Net proceeds from the initial public offering ("IPO") and follow-on offering of ADSs | ||||||
- | 0 | 0 | 97,344 | - | ||
Payments of offering cost for IPO | ||||||
- | 0 | 0 | 1,934 | - | ||
Net proceeds from the issuance of Class A ordinary shares upon completion of the initial public offering ("IPO") | ||||||
- | - | - | - | 142,590 | ||
Payments for repurchase of common stock | ||||||
- | 0 | 0 | 36,588 | 38,049 | ||
Proceeds from exercise of share options | ||||||
9,386 | 3,661 | 4,662 | 6,413 | - | ||
Capital injection from noncontrolling interests shareholder | ||||||
0 | 360 | - | - | - | ||
Payments of dividends | ||||||
- | - | 0 | 0 | 36,494 | ||
Net cash generated from financing activities | ||||||
9,386 | 4,021 | 4,662 | - | - | ||
Net cash (used in)/generated from financing activities | ||||||
- | - | - | 104,342 | 27,966 | ||
Effect of exchange rate changes on cash and cash equivalents | ||||||
-397 | 340 | 2,138 | 672 | 131 | ||
Net increase/(decrease) in cash and cash equivalents | ||||||
-366,156 | 164,376 | 169,538 | -13,570 | 118,611 | ||
Supplemental disclosures of cash flow information: | ||||||
Income taxes paid | ||||||
66,111 | 14,755 | 20,573 | 22,214 | 17,697 | ||
Payable for repurchase of common stock (Note 15) | ||||||
- | - | - | - | 37,500 | ||
Capitalized IPO costs included in accrued expenses and other payables | ||||||
- | - | 0 | 0 | 2,160 | ||
Purchase of fixed assets included in accrued expenses and other payables | ||||||
969 | 1,757 | 403 | 1,708 | - | ||
Dividends declared but not paid | ||||||
91,570 | - | - | - | - | ||