Ctrip com international ltd (CTRP)
CashFlow / Yearly
Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10
Cash flows from operating activities:
Net income/(loss)

332,117

-235,666

370,402

14,766

149,727

110,834

172,382

159,392

Adjustments to reconcile net income to cash provided by operating activities:
Share-based compensation

281,851

512,706

99,199

80,044

72,340

69,296

54,464

36,751

Equity in (income) / loss of affiliates

-10,008

86,689

-20,960

14,022

9,176

5,512

9,139

-

Gain on deconsolidation of subsidiaries

-

36

354,202

127

-

7,131

-

-

Deferred income tax benefit provision

-

-

-

-

-

-3,652

-

-

Loss from disposal of property, equipment and software

-8,013

-1,277

-5,246

-604

-1,973

-104

-536

-232

Gain on disposal of cost method investment

211,251

21,470

-

-

663

-

-

-

Gain on disposal of available-for-sale investment

6,140

20,258

-

-

-

-

-

-

Gain on disposal of equity method investment

343

-

-

-

97

-

-

-

Gain from disposal of a subsidiary

1,754

-

-

-246

-

-

-

-

Impairments of cost method investment

21,405

-

-

-

-

-

-

-

Impairments of available-for-sale investment

41,760

-

-

-

-

-

-

-

Provision/impairment related to an equity method investment

148,685

-

-

-

-

-

-

-

Gain from the re-measurement of the previously held equity interest to the fair value in the business acquisition

-

-

-

16,147

-

-

-

-

Loss from impairment of long-term investment

-

6,911

-

-5,318

-

-

-

-

Equity in gain of affiliates

-

-

-

-

-

-

-

10,026

Provision for doubtful accounts

15,053

4,657

4,952

1,891

469

60

29

382

Depreciation of property, equipment and software

75,281

66,454

39,514

28,009

18,252

14,199

12,521

9,534

Amortization of intangible assets and land use rights

60,464

37,079

9,300

1,343

1,742

1,691

1,758

1,476

Deferred income tax expenses/(benefits)

-26,420

3,381

13,347

-15,726

-5,925

-

-538

-2,746

Changes in current assets and liabilities, net of assets acquired and liabilities assumed/disposed of in business combinations/dispositions net of deconsolidations:
Increase in accounts receivable

5,337

191,902

154,764

42,222

80,520

31,119

26,480

27,198

(Increase)/ Decrease in due from related parties

-39,813

86,648

12,562

-379

2,042

53

275

-184

(Increase) /Decrease in prepayments and other current assets

-62,995

-85,182

343,334

196,349

65,747

18,978

32,363

9,359

(Increase) /Decrease in long-term receivables

-6,890

-

-

-

-

-

-

-

(Increase)/Decrease in long-term deposits

-

-10,855

58,886

4,417

-3,205

1,200

-78

1,906

Increase in accounts payable

26,296

180,220

323,897

94,438

88,816

40,956

26,437

28,226

Increase/(Decrease) in due to related parties

-55,213

84,038

36,552

976

96

269

-798

1,269

Increase in salary and welfare payable

146,585

181,352

41,956

41,814

4,248

13,725

-2,227

848

Increase /(Decrease) in taxes payable

-21,472

-112,095

43,451

3,835

16,192

-490

9,577

2,258

Increase/(Decrease) in advances from customers

-52,345

327,090

317,468

236,826

165,471

49,838

77,378

35,180

Increase /(Decrease) in accrued liability for customer reward program

-7,461

9,336

25,084

23,560

11,087

8,957

6,437

5,009

Increase in other payables and accruals

196,981

3,651

43,068

70,626

35,727

23,750

4,365

5,370

Net cash provided by operating activities

1,086,464

759,431

470,655

315,669

405,178

265,544

294,144

234,881

Cash flows from investing activities:
Purchase of property, equipment and software

72,409

98,348

98,510

771,794

107,663

87,177

32,604

24,602

Cash paid for long-term investments

236,839

778,981

653,364

334,973

159,476

-

-

-

Cash paid for business combinations, net of cash acquired

47,429

1,318,938

-634,931

-

-

-

-

96,461

Cash paid for investments

-

-

-

-

-

-

810

80,758

Cash paid for acquisition, net of cash acquired

-

-

-

20,972

19,779

4,657

4,374

-

Purchase of intangible assets

3,545

894

3,087

1,450

-

-

513

542

Purchase of land use rights

-

-

-

-

-

-

1,548

-

(Increase) /Decrease in restricted cash

661

-75,651

117,458

15,309

-5,278

89,664

-878

15,863

Increase in short-term investments

2,141,890

854,806

223,468

451,246

366,708

19,855

15,038

-

Increase in long-term loan receivable

-

-

140,000

-

29,499

-

-

-

Cash repayment from long-term receivables

-

30,565

140,000

-

-

-

-

-

Cash received from loans to the users

67,733

-

-

-

-

-

-

-

Cash paid for loans to the users

-89,097

-

-

-

-

-

-

-

Net change in loans to the users

-38,697

-

-

-

-

-

-

-

Decrease in long-term receivables due from related parties

-

-

-

-80,000

-

-

-

-

Cash received from disposal of equity method investments

802

2,544

-

-

695

-

-

-

Cash received from disposal of cost method investments

222,520

45,679

-

-

2,171

-

-

-

Cash received from disposal of available-for-sale investments

-

55,075

9,568

-

-

-

-

-

Cash used from deconsolidation of a subsidiary, net of cash disposed

-

-13,010

-

-

-

-

-

-

Cash disposed from disposal of a subsidiary net of cash received

-1,641

-

-

-

-

-

-

-

(Increase) Decrease in short-term investment

-

-

-

-

-

-

-

151,528

Net cash used in investing activities

-2,341,154

-2,855,462

-683,346

-1,509,591

-674,982

-199,018

-54,012

-369,757

Cash outflows from deconsolidation of a subsidiary, net of cash disposed

-

-

-

-7,344

-

-

-

-

Cash received from deconsolidation of a subsidiary, net of cash disposed

-

-

-231,955

-1,188

-

2,336

0

-

Cash flows from financing activities:
Proceeds from short-term bank loans

328,478

285,160

99,480

374,833

53,045

72,788

-

-

Proceeds from long-term bank loans

953,157

367,276

-

-

-

-

-

-

Proceeds from exercise of share options

112,465

30,494

8,045

29,748

29,777

13,147

8,645

9,241

Repurchase of ordinary shares

-

-

134,658

71,907

-

278,186

25,224

-

Cash paid to non-controlling investors

-

-

-

5,929

13

-

1,653

-

Cash paid for acquisition of additional equity stake in subsidiaries

270,426

940,825

7,137

-

-

-

-

-

Cash paid for settlement of convertible notes

-

292,952

-

-

777

-

-

-

Cash received from non-controlling investors

8,892

12,474

42,602

22,466

-

-

0

22

Cash received (paid) from noncontrolling investors

-

-

-

-

-

-6,466

-

-

Proceeds from issuance convertible preferred shares by a subsidiary

-

-

111,999

30,054

21,922

10,226

-

-

Proceeds from issuance of senior convertible notes, net of issuance costs

-

942,671

2,274,877

494,633

780,268

176,112

-

-

Proceeds from sale of warrants

-

-

80,799

-

77,777

26,886

-

-

Purchase of Purchased Call Option

-

-

124,348

-

139,203

55,538

-

-

Cash inflow (outflow) for Capped equity

-

-

-

-

-43,732

41,722

-

-

Proceeds from Early Termination of Purchased Call Option

99,941

-

-

-

11,607

-

-

-

Proceeds from issuance of ordinary shares, net of issuance costs

-

1,534,289

-

-

-

-

0

237,000

Repayment of loans due to related parties

-

262,265

-

-

-

-

-

-

Proceeds from repayment of loans due from related parties

-

93,771

-

-

-

-

-

-

Net cash provided by financing activities

1,232,507

1,770,093

2,351,660

873,899

878,136

-82,753

-18,231

246,264

Effect of foreign exchange rate changes on cash and cash equivalents

-7,279

213,452

9,103

23,878

5,641

3,082

-7,487

-2,401

Net increase/ (decrease) in cash and cash equivalents

-29,462

-112,486

2,148,072

-296,144

613,973

-13,145

214,412

108,987

Supplemental disclosure of cash flow information
Cash paid during the year for income taxes

242,146

59,306

37,640

42,183

44,845

56,250

31,411

-

Cash paid for interest, net of amounts capitalized

187,255

85,488

37,375

5,019

3,184

540

-

-

Supplemental schedule of non-cash investing and financing activities
Receivables incurred for disposal of investment

-

-

-

-

2,023

-

-

-

Conversion of convertible senior notes

368,221

24,017

18,366

64,566

-

-

-

-

Issuance of ordinary shares for settlement of Convertible Notes

-

351,162

-

-

-

-

-

-

Non-cash consideration paid for business acquisitions, investments and non-controlling interest

181,238

2,106,570

5,031,164

-27,364

-

-

-

-

Share exchange for equity investment (Note 8)

-

-359,896

-

-

-

-

-

-

Cash paid during the year for income taxes

-

-

-

-

-

-

-

28,009

Accruals related to purchase of property, equipment and software

6,523

3,291

7,485

41,684

6,118

5,529

5,115

-18,191

Share issuance for the investments

-

-

5,415

-

-

-

-

-

Unpaid cash consideration for business acquisitions and acquisition of additional shares of subsidiary (Note 2)

96,165

71,645

17,027

-49,474

-3,927

-3,168

1,708

-

Liabilities incurred for acquisitions and investments

-

-

-

-

-

-

-

-772