| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||
Net income | ||||||||
2,810 | 1,670 | 5,006 | 1,973 | 1,710 | 1,667 | 1,051 | 534 | 217 |
Adjustments to reconcile net income to net cash generated from operating activities: | ||||||||
Depreciation of fixed assets and computer parts | ||||||||
585 | 497 | 445 | 358 | 281 | 205 | 130 | 65 | 44 |
Gain on disposal of fixed assets | ||||||||
5 | 12 | 3 | 3 | 2 | 0 | -0 | -1 | 0 |
Amortization of intangible assets and licensed copyrights | ||||||||
1,221 | 702 | 459 | 281 | - | - | - | 1 | 1 |
Amortization of intangible assets | ||||||||
- | - | - | - | 156 | 37 | 10 | - | - |
Deferred income tax, net | ||||||||
-116 | -1 | 348 | -111 | 54 | -9 | -10 | -11 | -1 |
Share-based compensation | ||||||||
499 | 253 | 214 | 155 | 85 | 34 | 24 | 14 | 12 |
Provision for doubtful accounts | ||||||||
90 | 38 | 38 | 12 | 6 | -0 | 0 | -1 | 0 |
Foreign exchange loss | ||||||||
- | - | - | - | - | - | - | 0 | 0 |
Investment income | ||||||||
499 | 715 | 418 | 310 | 181 | 119 | - | 6 | -1 |
Gain on disposal of subsidiaries | ||||||||
853 | 179 | 3,772 | 0 | 0 | 2 | - | - | - |
Net gain from step-acquisition and settlement of pre-existing relationship | ||||||||
- | 0 | 0 | 12 | 0 | 78 | - | - | - |
Asset impairment | ||||||||
362 | 60 | 18 | 15 | 3 | 27 | 7 | 0 | 0 |
Gain on investments, net | ||||||||
- | - | - | - | - | - | 31 | - | - |
Loss (income) from equity method investments | ||||||||
-10 | -147 | 0 | -4 | -0 | -47 | -28 | -1 | -0 |
Barter transaction revenue | ||||||||
117 | - | - | - | - | - | - | - | - |
Other noncash expenses (income) | ||||||||
-56 | 66 | -8 | -5 | -3 | 9 | 5 | - | - |
Changes in assets and liabilities, net of effects of acquisition: | ||||||||
Restricted cash | ||||||||
-8 | 31 | 240 | 8 | 25 | -13 | 24 | 2 | - |
Accounts receivable | ||||||||
111 | 34 | 134 | 235 | 127 | 54 | 44 | 19 | -10 |
Other assets | ||||||||
-195 | -34 | 321 | 262 | 215 | 1 | 33 | 4 | 0 |
Amounts due from related parties | ||||||||
-27 | -229 | 122 | -59 | 0 | 127 | 24 | - | - |
Customer advances and deposits | ||||||||
117 | 93 | 226 | 211 | 143 | 78 | 82 | 63 | 27 |
Due from related parties | ||||||||
- | - | - | - | - | - | - | 14 | 1 |
Accounts payable and accrued liabilities | ||||||||
784 | 534 | 1,108 | 810 | 331 | 124 | 129 | 65 | 34 |
Deferred revenue | ||||||||
31 | 31 | 32 | -9 | 20 | 5 | -7 | 10 | 5 |
Deferred income | ||||||||
7 | 2 | 2 | 16 | 32 | 32 | 7 | 0 | -0 |
Amounts due to related parties | ||||||||
-47 | -47 | 102 | -58 | 0 | 54 | 8 | - | - |
Net cash generated from operating activities | ||||||||
5,054 | 3,205 | 2,998 | 2,890 | 2,278 | 1,925 | 1,299 | 712 | 333 |
Due to related parties | ||||||||
- | - | - | - | - | - | - | 14 | - |
Trading securities | ||||||||
- | - | - | - | - | - | - | 0 | 0 |
Cash flows from investing activities: | ||||||||
Acquisition of fixed assets | ||||||||
735 | 603 | 807 | 777 | 455 | 370 | 279 | 135 | 58 |
Acquisition of computer parts | ||||||||
8 | 3 | 3 | 0 | 2 | 4 | 16 | - | - |
Disposal of fixed assets | ||||||||
7 | 7 | 5 | 3 | 3 | 1 | 0 | - | - |
Acquisition of business, net of cash acquired | ||||||||
85 | 0 | 51 | 53 | 2,180 | 131 | 309 | 0 | 1 |
Disposal of subsidiaries and business | ||||||||
- | 39 | -546 | - | - | - | - | - | - |
Acquisition of intangible assets | ||||||||
1,402 | 906 | 384 | 252 | 150 | 30 | 68 | 0 | 0 |
Capitalization of software costs | ||||||||
0 | 0 | 4 | 0 | 0 | 5 | 6 | 1 | 1 |
Purchases of held-to-maturity investments | ||||||||
8,630 | 6,860 | 7,750 | 8,921 | 5,028 | - | - | 397 | 114 |
Sales and maturities of held-to-maturity investments | ||||||||
7,620 | 6,646 | 8,021 | 6,035 | 4,883 | - | - | - | 103 |
Purchases of available-for-sale investments | ||||||||
32,219 | 26,262 | 19,475 | 12,576 | 8,907 | 5,239 | 1,743 | - | - |
Sales and maturities of available-for-sale investments | ||||||||
30,512 | 25,035 | 17,081 | 13,204 | 8,085 | 3,664 | 235 | - | - |
Purchases of other long-term investments | ||||||||
1,921 | 576 | 917 | 286 | 57 | 89 | 77 | 42 | 0 |
Cash distribution of long-term investments | ||||||||
2 | 0 | 1 | 0 | 0 | 0 | - | - | - |
Sales of other long-term investments | ||||||||
3 | 43 | 3 | 3 | 0 | 0 | 1 | - | - |
(Payments in) proceeds from disposal of subsidiaries' shares | ||||||||
222 | - | - | - | - | - | - | - | - |
Micro loan origination and disbursement | ||||||||
9,775 | 1,140 | - | - | - | - | - | - | - |
Principal payments received on micro loans | ||||||||
6,159 | 512 | - | - | - | - | - | - | - |
Purchases of other invested securities | ||||||||
5,866 | - | - | - | - | - | - | - | - |
Sales and maturities of other invested securities | ||||||||
4,291 | - | - | - | - | - | - | - | - |
Payments to acquire subsidiaries' shares from noncontrolling interests | ||||||||
- | - | - | - | 42 | - | - | - | - |
Sales and maturities of short-term investments | ||||||||
- | - | - | - | - | - | - | 403 | - |
Acquisition of long-term prepaid computer parts | ||||||||
- | - | - | - | - | - | - | 10 | 5 |
Net cash used in investing activities | ||||||||
- | - | - | - | -3,852 | -2,207 | -2,264 | -184 | -78 |
Cash flows from financing activities: | ||||||||
Purchases of trading investments | ||||||||
- | 1,291 | - | - | - | - | - | - | - |
Maturities of trading investments | ||||||||
- | 188 | - | - | - | - | - | - | - |
Net cash used in investing activities | ||||||||
-11,825 | -5,172 | -4,827 | -3,621 | - | - | - | - | - |
Restricted cash released as collateral for borrowings | ||||||||
0 | 0 | 15 | -16 | - | - | - | - | - |
Repayment of short-term loans | ||||||||
127 | 279 | 13 | 0 | 7 | 20 | - | - | - |
Payments to acquire subsidiaries' shares from noncontrolling interests | ||||||||
- | 0 | 0 | 100 | - | 0 | - | - | - |
Proceeds from short-term loan | ||||||||
115 | 468 | 15 | 14 | 0 | 0 | 20 | - | - |
Proceeds from long-term loans | ||||||||
46 | 955 | 333 | 291 | 354 | 57 | 354 | 13 | - |
Repayment of long-term debt | ||||||||
512 | 150 | 335 | 56 | 354 | 22 | - | - | - |
Proceeds from note issuance | ||||||||
1,526 | - | - | - | - | - | - | - | - |
Repayment of long-term notes | ||||||||
762 | - | - | - | - | - | - | - | - |
Payment of note issuance costs | ||||||||
3 | - | 7 | 5 | 6 | - | - | - | - |
Net proceeds from sale of financial products | ||||||||
- | 1,501 | - | - | - | - | - | - | - |
Payments on financial products | ||||||||
- | 528 | - | - | - | - | - | - | - |
Payment of dividends by a subsidiary to noncontrolling interests | ||||||||
- | 0 | 0 | -54 | - | - | - | - | - |
Proceeds from issuance of notes payable | ||||||||
- | 0 | 1,606 | 997 | 1,009 | 1,492 | - | - | - |
Payment of capital lease obligation | ||||||||
1 | 7 | 9 | 11 | 6 | 4 | - | - | - |
Proceeds from issuance of Convertible Notes | ||||||||
1,301 | - | - | - | - | - | - | - | - |
Proceeds from issuance of subsidiaries' shares | ||||||||
623 | 95 | 544 | 297 | 230 | 16 | 6 | - | - |
Structured share repurchase, net | ||||||||
- | - | - | - | - | - | 0 | 0 | 11 |
Repurchase of ordinary shares | ||||||||
265 | 0 | 984 | - | - | - | 0 | 0 | -3 |
Proceeds from exercise of share options | ||||||||
70 | 25 | 34 | 31 | 25 | 9 | 3 | 5 | 5 |
Proceeds from secured borrowings from third-party financial institutions | ||||||||
2,460 | - | - | - | - | - | - | - | - |
Repayment of secured borrowings from third-party financial institutions | ||||||||
420 | - | - | - | - | - | - | - | - |
Proceeds from third-party investors for sale of financial products | ||||||||
15,552 | - | - | - | - | - | - | - | - |
Repayment to third-party investors for sale of financial products | ||||||||
12,755 | - | - | - | - | - | - | - | - |
Net cash generated from financing activities | ||||||||
6,848 | 2,080 | 1,200 | 1,387 | 1,245 | 1,527 | 385 | 18 | 13 |
Effect of exchange rate changes on cash and cash equivalents | ||||||||
-48 | 20 | 27 | 12 | -33 | -1 | -1 | -0 | -0 |
Net (decrease) increase in cash and cash equivalents | ||||||||
29 | 135 | -600 | 670 | -361 | 1,244 | -580 | 545 | 269 |
Interests paid | ||||||||
117 | 159 | 133 | 95 | 49 | 6 | 2 | - | - |
Income taxes paid | ||||||||
507 | 345 | 426 | 450 | 273 | 263 | 185 | 66 | 22 |
Non-cash investing and financing activities: | ||||||||
Capital lease obligation | ||||||||
0 | 0 | 0 | 15 | 7 | 9 | 7 | - | - |
Acquisition of fixed assets included in accounts payable and accrued liabilities | ||||||||
179 | 130 | 158 | 182 | 130 | 53 | 39 | - | - |
Acquisition of other non-current assets included in accounts payable and accrued liabilities | ||||||||
8 | 5 | 6 | 6 | 6 | 6 | 4 | - | - |
Acquisition of licensed copyrights included in accounts payable and accrued liabilities | ||||||||
621 | - | - | - | - | - | - | - | - |
Acquisition of licensed copyrights from nonmonetary content exchanges | ||||||||
120 | - | - | - | - | - | - | - | - |
Non-cash acquisitions of investments | ||||||||
118 | 426 | 3,771 | 12 | 0 | 113 | 30 | - | - |
Non-cash acquisitions of subsidiaries | ||||||||
- | - | - | 0 | 0 | 54 | - | - | - |