| Mar'18 | Mar'17 | Mar'16 | Mar'15 | |||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net income | ||||||
9,791 | 5,989 | 11,056 | 3,923 | |||
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Revaluation of previously held equity interest | ||||||
3,896 | 112 | 2,885 | 1,054 | |||
Gain on disposals of equity investees | ||||||
474 | 78 | 479 | 21 | |||
Realized and unrealized gain related to investment securities | ||||||
11 | 797 | 141 | 29 | |||
Change in fair value of other assets and liabilities | ||||||
-225 | 110 | -13 | -84 | |||
(Gain) Loss on disposals of subsidiaries | ||||||
2 | -5 | 4,174 | 50 | |||
Depreciation and amortization of property and equipment and land use rights | ||||||
1,401 | 768 | 584 | 375 | |||
Amortization of intangible assets and licensed copyrights | ||||||
2,109 | - | - | - | |||
Amortization of intangible assets and licensed copyrights of video content | ||||||
- | 1,309 | - | - | |||
Amortization of intangible assets | ||||||
- | - | 455 | 337 | |||
Tax benefits from share-based awards | ||||||
- | 199 | 174 | - | |||
Share-based compensation expense | ||||||
3,201 | 2,324 | 2,494 | 2,102 | |||
Impairment of cost method investees and investment securities | ||||||
290 | 334 | 289 | - | |||
Impairment of goodwill and licensed copyrights of video content | ||||||
- | 124 | - | - | |||
Impairment of goodwill | ||||||
- | - | 71 | - | |||
Impairment of goodwill and licensed copyrights | ||||||
207 | - | - | 28 | |||
(Gain) Loss on disposals of property and equipment | ||||||
15 | -5 | 2 | 2 | |||
Amortization of restructuring reserve | ||||||
42 | 38 | 41 | 27 | |||
Share of results of equity investees | ||||||
-3,315 | -730 | -269 | -257 | |||
Deferred income taxes | ||||||
156 | 41 | 190 | 268 | |||
Allowance for doubtful accounts | ||||||
97 | 244 | -1 | 105 | |||
Changes in assets and liabilities, net of effects of acquisitions and disposals: | ||||||
Escrow receivables | ||||||
103 | 367 | - | - | |||
Restricted cash and escrow receivables | ||||||
- | - | - | 137 | |||
Loan receivables | ||||||
- | - | - | 1,883 | |||
Prepayments, receivables and other assets | ||||||
2,355 | 1,197 | 622 | 363 | |||
Income tax payable | ||||||
1,054 | 683 | 192 | 227 | |||
Escrow money payable | ||||||
103 | 367 | - | 135 | |||
Accrued expenses, accounts payable and other liabilities | ||||||
3,692 | 772 | 1,257 | 1,706 | |||
Merchant deposits | ||||||
221 | 127 | 18 | 402 | |||
Deferred revenue and customer advances | ||||||
907 | 670 | 364 | 212 | |||
Net cash provided by operating activities | ||||||
19,955 | 11,670 | 8,815 | 6,649 | |||
Cash flows from investing activities: | ||||||
Decrease (Increase) in short-term investments, net | ||||||
117 | -836 | -716 | 179 | |||
Decrease (Increase) in restricted cash | ||||||
19 | -66 | -116 | -184 | |||
Decrease in trading securities, net | ||||||
- | -179 | -1 | 3 | |||
Payments for settlement of forward exchange contracts | ||||||
94 | 37 | - | - | |||
Acquisitions of available-for-sale and other investment securities | ||||||
1,892 | 679 | 2,382 | 1,904 | |||
Disposals of available-for-sale and other investment securities | ||||||
1,152 | 633 | 338 | 151 | |||
Acquisitions of equity investees | ||||||
8,568 | 5,728 | 5,835 | 3,780 | |||
Disposals of equity investees | ||||||
986 | 718 | 1,554 | 16 | |||
Acquisitions of: | ||||||
Land use rights and construction in progress | ||||||
642 | 774 | 839 | 474 | |||
Other property and equipment, intangible assets and licensed copyrights | ||||||
4,114 | - | - | - | |||
Other property and equipment, intangible assets and licensed copyrights of video content | ||||||
- | 1,775 | - | - | |||
Other property, equipment and intangible assets | ||||||
- | - | 843 | 769 | |||
Cash paid for business combinations, net of cash acquired | ||||||
83 | 4,860 | 232 | 1,654 | |||
Deconsolidation and disposal of subsidiaries, net of cash proceeds | ||||||
-4 | 36 | 758 | -205 | |||
Loans to employees, net of repayments | ||||||
21 | - | 5 | -6 | |||
Net cash used in investing activities | ||||||
-13,374 | -11,385 | -6,643 | -8,623 | |||
Cash flows from financing activities: | ||||||
Issuance of ordinary shares, including repayment of loan and interest receivable on employee loans for the exercise of ordinary shares | ||||||
65 | 2,122 | 108 | 9,974 | |||
Repurchase of ordinary shares | ||||||
- | 1,915 | 3,070 | 44 | |||
Acquisition of additional equity interests in non-wholly owned subsidiaries | ||||||
2,173 | - | - | - | |||
Payment for settlement of contingent consideration | ||||||
123 | - | - | - | |||
Subscription of rights for Partner Capital Investment Plan | ||||||
- | 13 | - | -20 | |||
Payment of dividend on Convertible Preference Shares | ||||||
- | - | - | 17 | |||
Dividend paid by a non-wholly owned subsidiary to noncontrolling interests | ||||||
18 | 24 | 0 | 10 | |||
Capital injection from noncontrolling interests | ||||||
180 | 218 | 9 | 28 | |||
Proceeds from deemed disposals of partial interest in subsidiaries, net of related costs | ||||||
- | 6 | - | 1 | |||
Tax benefits from share-based awards | ||||||
- | 100 | 112 | - | |||
Proceeds from secured borrowings relating to micro loans | ||||||
- | - | - | 14,264 | |||
Repayment of secured borrowings relating to micro loans | ||||||
- | - | - | 13,271 | |||
Proceeds from current bank borrowings | ||||||
4,088 | 9,922 | 4,374 | 4,163 | |||
Repayment of current bank borrowings | ||||||
4,758 | 9,758 | 4,086 | 3,990 | |||
Proceeds from non-current bank borrowings | ||||||
188 | 4,123 | 119 | 3,162 | |||
Repayment of non-current bank borrowings | ||||||
91 | 25 | 23 | 7,991 | |||
Proceeds from unsecured senior notes | ||||||
7,304 | - | - | 7,865 | |||
Repayment of unsecured senior notes | ||||||
1,371 | - | - | - | |||
Upfront fee payment for a revolving credit facility | ||||||
45 | - | - | - | |||
Net cash (used in) provided by financing activities | ||||||
3,246 | 4,782 | -2,457 | 14,114 | |||
Effect of exchange rate changes on cash and cash equivalents | ||||||
-967 | - | - | - | |||
Effect of exchange rate changes on cash and cash equivalents | ||||||
- | 296 | 72 | -18 | |||
(Decrease) Increase in cash and cash equivalents | ||||||
8,860 | 5,363 | -213 | 12,122 | |||
Business combinations: | ||||||
Cash paid for business combinations, net of cash acquired | ||||||
83 | 4,860 | 232 | 1,654 | |||