| Dec'17 | Dec'16 | Dec'15 | Dec'14 | |||
|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||
Net income (loss) | ||||||
211,435 | -8,167 | 26,440 | 10,784 | |||
Adjustments to reconcile net income (loss) to net cash from operating activities | ||||||
Depreciation of property and equipment | ||||||
6,940 | 6,691 | 3,958 | 3,495 | |||
Amortization of intangible assets | ||||||
14,009 | 16,838 | 18,605 | 9,197 | |||
Provision for doubtful accounts | ||||||
872 | 7,944 | 1,982 | 877 | |||
Impairment of goodwill and intangible assets | ||||||
5,973 | 416 | 7,700 | - | |||
Impairment of investments | ||||||
42,271 | 20,318 | 5,361 | - | |||
Foreign currency exchange loss | ||||||
-1,634 | - | - | - | |||
Loss (Gain) on disposal of property and equipment and intangible assets | ||||||
103 | - | - | - | |||
Loss on disposal of property and equipment | ||||||
- | -17 | -147 | - | |||
Change in fair value of redemption right granted to a non-controlling shareholder | ||||||
- | - | - | 576 | |||
Changes in fair value of put options granted to employees | ||||||
- | - | - | 129 | |||
Loss (gain) on disposal of intangible assets | ||||||
- | 777 | -547 | - | |||
Gain on disposal of a subsidiary/VIE's subsidiary | ||||||
35,761 | 4,043 | - | - | |||
Gain on disposal/deemed disposal of equity method investments | ||||||
- | 4,411 | 6,866 | - | |||
Gain on disposal/deemed disposal of investments | ||||||
146,526 | 104 | - | - | |||
(Gain) loss on disposal of available-for-sale securities | ||||||
- | 3,505 | -31 | 317 | |||
Impairment loss of intangible assets | ||||||
- | - | - | 1,338 | |||
Impairment loss of equity method investment | ||||||
- | - | - | 76 | |||
Impairment loss of an available-for-sale security | ||||||
- | - | - | 1,397 | |||
Settlement and changes in fair value of contingent consideration | ||||||
1,385 | 486 | -1,082 | 2,216 | |||
Changes in fair value of financial assets | ||||||
-1,992 | - | - | - | |||
Changes in fair value of redemption right and put options granted | ||||||
- | -14 | 3 | - | |||
Loss (Gain) from equity method investments | ||||||
76 | -1,637 | -1,441 | -878 | |||
Gain on dividends received from cost method investees | ||||||
9,028 | 18 | - | - | |||
Gain on settlement of consideration of business combination | ||||||
520 | - | - | - | |||
Deferred income tax benefits | ||||||
-3,889 | -7,696 | -1,075 | 2,080 | |||
Share-based compensation expenses | ||||||
11,268 | 44,095 | 48,690 | 27,927 | |||
Adjustments to reconcile net income to net cash from operating activities, total | ||||||
- | 69,735 | 105,876 | - | |||
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities, Total | ||||||
- | - | - | 59,243 | |||
Changes in operating assets and liabilities | ||||||
Restricted cash | ||||||
2,678 | 546 | 58 | - | |||
Accounts receivable | ||||||
9,762 | -3,754 | 48,805 | 24,494 | |||
Prepayments and other current assets | ||||||
27,556 | 25,377 | 25,030 | 13,778 | |||
Due from related parties | ||||||
2,441 | -2,211 | 3,012 | 4,948 | |||
Other non-current assets | ||||||
621 | 31 | -63 | 2,565 | |||
Accounts payable | ||||||
-1,590 | 7,235 | 4,586 | 6,182 | |||
Accrued expenses and other current liabilities | ||||||
31,166 | 1,157 | 98,295 | 36,324 | |||
Deferred revenue | ||||||
- | -800 | 2,309 | 4,772 | |||
Due to related parties | ||||||
1,738 | 2,046 | 5,466 | -324 | |||
Income tax payable | ||||||
6,048 | -2,125 | 3,270 | -1,450 | |||
Other non-current liabilities | ||||||
3,259 | - | 1,684 | -707 | |||
Net cash provided by operating activities | ||||||
95,455 | 57,259 | 144,644 | 58,255 | |||
Cash flows from investing activities | ||||||
Purchase of property and equipment | ||||||
2,979 | 10,681 | 9,431 | 5,829 | |||
Purchase of intangible assets | ||||||
1,000 | 6,270 | 5,340 | 19,408 | |||
Purchase of cost method investments | ||||||
50,704 | 43,884 | 61,676 | 24,386 | |||
Purchase of available-for-sale securities | ||||||
34 | 957 | - | 17,854 | |||
Purchase of equity method investments | ||||||
8,379 | 942 | 16,538 | 20,265 | |||
Purchase of short-term investments | ||||||
307,497 | - | - | - | |||
Proceeds from maturity of short-term investments | ||||||
144,602 | - | - | - | |||
Purchase of time deposits | ||||||
- | 131,926 | - | - | |||
Proceeds from maturity of time deposits | ||||||
- | 85,059 | - | - | |||
Purchase of fixed-rate time deposits | ||||||
- | - | 74,286 | 223,732 | |||
Prepayment for investment | ||||||
- | - | - | 967 | |||
Prepayment for intangible assets | ||||||
- | - | - | 3,945 | |||
Acquisition of business, net of cash acquired | ||||||
-308 | 46,978 | 38,505 | 31,460 | |||
Dividends from cost method investees | ||||||
9,028 | 14 | - | - | |||
Proceeds from disposal of a subsidiary/VIE's subsidiary | ||||||
23,462 | 1,179 | - | - | |||
Proceeds from disposal of property and equipment and intangible assets | ||||||
-219 | - | - | - | |||
Proceeds from sales of property and equipment | ||||||
- | 9 | 76 | 16 | |||
Proceeds from sales of intangible assets | ||||||
- | - | 513 | - | |||
Proceeds from disposal of available-for-sale securities | ||||||
- | 7,139 | - | 2,752 | |||
Proceeds from maturity of available-for-sale securities | ||||||
- | - | 10,522 | - | |||
Proceeds and deposits from disposal of equity method investments | ||||||
4,139 | 2,322 | 2,007 | - | |||
Proceeds and advance from disposal of cost method investments | ||||||
170,544 | 4,709 | - | - | |||
Entrusted loan to related parties | ||||||
16,702 | 1,872 | - | - | |||
Maturity of fixed-rate time deposits | ||||||
- | - | 139,147 | 154,698 | |||
Entrusted loan to third parties | ||||||
5,241 | - | 463 | - | |||
Repayment of entrusted loans from related parties | ||||||
16,856 | - | - | - | |||
Repayment of entrusted loans from a third party | ||||||
- | 432 | - | 161 | |||
Repayment of entrusted loan from an equity investee | ||||||
- | 869 | - | - | |||
Repayment of entrusted loans from an investor of an equity investee | ||||||
- | 227 | 1,389 | 796 | |||
Net cash used for investing activities | ||||||
-23,378 | -141,551 | -52,585 | -189,423 | |||
Cash flows from financing activities | ||||||
Proceeds from bank loans | ||||||
- | 47,829 | 15,726 | - | |||
Repayment for bank loans | ||||||
21,311 | 1,278 | - | - | |||
Restricted cash for bank loans | ||||||
- | -5,645 | - | - | |||
Proceeds and advance from exercise of restricted shares with an option feature | ||||||
3,678 | 5,376 | 632 | - | |||
Proceeds from a related party | ||||||
3,037 | - | - | - | |||
Settlement of contingent consideration | ||||||
4,367 | 4,446 | 4,277 | 687 | |||
Share repurchase | ||||||
- | 25,780 | - | - | |||
Capital contribution from noncontrolling shareholders | ||||||
1,829 | - | 521 | - | |||
Payment of withholding tax for dividend to noncontrolling shareholders | ||||||
415 | - | - | - | |||
Proceeds from issuance of redeemable noncontrolling interests | ||||||
97,720 | - | - | - | |||
Purchase of shares from noncontrolling shareholders | ||||||
2,488 | 1,153 | - | - | |||
Capital contribution from a noncontrolling interest shareholder | ||||||
- | - | - | 1,088 | |||
Distribution to a shareholder due to under common control acquisition | ||||||
- | - | - | 4,960 | |||
Proceeds from the initial public offering("IPO") and concurrent private placement | ||||||
- | - | - | 227,117 | |||
Net cash provided by financing activities | ||||||
77,683 | 14,903 | 12,602 | 222,558 | |||
Effect of exchange rate changes on cash and cash equivalents | ||||||
-10,436 | 7,134 | 5,871 | -691 | |||
Net increase (decrease) in cash and cash equivalents | ||||||
139,324 | -62,255 | 110,532 | 90,699 | |||
Supplemental disclosures | ||||||
Income taxes paid | ||||||
1,183 | 9,789 | 3,412 | 3,288 | |||
Interest expense paid | ||||||
1,843 | 1,052 | 84 | - | |||
Non-cash investing and financing activities: | ||||||
Acquisition of property and equipment and intangible assets included in accrued expenses and other liabilities | ||||||
4,692 | 1,052 | 6,752 | 122 | |||
Acquisition of a cost method investment included in accrued expenses and other liabilities | ||||||
- | - | 788 | - | |||
Acquisition of investments included in accrued expenses and other liabilities | ||||||
- | - | 501 | - | |||
Disposal of a subsidiary included in prepayments and other current assets | ||||||
14,305 | - | - | - | |||
Disposal of investments included in prepayments and other current assets | ||||||
7,349 | 3,189 | - | - | |||
Contingent consideration payable for business acquisitions | ||||||
- | 3,610 | - | - | |||
Contingent considerations payable included in other non-current liabilities | ||||||
- | - | 3,603 | - | |||
Non-cash acquisition of an equity method investment | ||||||
- | - | - | 806 | |||
Non-cash acquisition of cost method investments | ||||||
50,675 | - | 9,897 | - | |||
Non-cash acquisition of business | ||||||
1,067 | - | 3,598 | - | |||