| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net income | ||||||
5,291 | 11,265 | 11,175 | 42,245 | 45,925 | - | - |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Net income attributable to Phoenix New Media Limited | ||||||
- | - | - | - | - | 17,232 | 16,283 |
Share-based compensation | ||||||
3,204 | 273 | 5,304 | 8,571 | 2,762 | 1,085 | 10,501 |
Provision for allowance for doubtful accounts, including related party amounts | ||||||
1,019 | 6,942 | 7,614 | 1,487 | 428 | 4,158 | 1,894 |
Depreciation and amortization expense | ||||||
5,474 | 6,042 | 7,020 | 5,854 | 5,198 | 3,392 | - |
Impairment of intangible assets | ||||||
- | 13 | 590 | - | - | - | - |
Loss/(income) from equity investments, including impairments | ||||||
968 | -256 | -6,462 | - | - | - | - |
Depreciation and amortization expense | ||||||
- | - | - | - | - | - | 1,953 |
Deferred income tax | ||||||
-946 | -2,642 | -1,760 | -520 | -871 | -895 | -1,798 |
Loss/(gain) on disposal of property and equipment | ||||||
197 | -8 | -116 | -95 | -166 | -78 | - |
Loss on disposal of intangible assets | ||||||
-18 | - | - | - | - | - | - |
Gain on disposal of subsidiaries and acquisition of equity investments | ||||||
- | 0 | 0 | 4,780 | - | - | - |
Gain on disposal of an equity investment and acquisition of available-for-sale investments | ||||||
- | 0 | 717 | - | - | - | - |
Loss from equity investments | ||||||
- | - | - | -2,988 | - | - | - |
Foreign currency exchange loss/(gain) | ||||||
-3,621 | 1,384 | -163 | -977 | 3,252 | 304 | 3,073 |
Changes in operating assets and liabilities: | ||||||
Accounts receivable | ||||||
6,848 | -7,966 | 9,227 | 29,156 | 12,386 | 16,820 | 21,764 |
Prepayments and other current assets | ||||||
-847 | 2,669 | 2,818 | 2,308 | -1,064 | -2,023 | 4,244 |
Amounts due from related parties | ||||||
3,533 | -1,135 | -6,386 | 8,169 | 10,134 | -93 | 7,611 |
Note receivable | ||||||
- | - | - | - | 0 | 0 | -183 |
Other non-current assets | ||||||
-538 | -245 | 680 | 173 | -70 | 157 | 1,532 |
Accounts payable | ||||||
861 | -4,543 | 3,769 | 10,221 | 11,479 | 4,355 | - |
Accounts payable | ||||||
- | - | - | - | - | - | 10,613 |
Advances from customers | ||||||
5,744 | 1,813 | -362 | 1,161 | 801 | -210 | -94 |
Salary and welfare payable | ||||||
637 | 2,348 | 1,382 | 2,099 | 5,815 | 2,971 | 3,028 |
Taxes payable | ||||||
2,546 | -2,516 | 646 | 5,872 | 2,971 | 696 | 4,107 |
Amounts due to related parties | ||||||
-704 | -42 | -614 | 235 | 3,176 | -334 | -3,472 |
Accrued expenses and other current liabilities | ||||||
9,524 | 4,344 | -591 | 6,630 | 3,541 | -174 | 4,975 |
Long-term liabilities | ||||||
460 | 483 | 232 | 747 | 700 | 400 | - |
Long-term liabilities | ||||||
- | - | - | - | - | - | 321 |
Net cash provided by operating activities | ||||||
26,588 | 29,337 | 34,090 | 44,076 | 57,453 | 17,589 | 10,270 |
Cash flows from investing activities: | ||||||
Purchase of property and equipment and intangible assets | ||||||
4,273 | 4,217 | 6,709 | 5,703 | 4,830 | 12,774 | - |
Placement of term deposits and short term investments | ||||||
423,425 | 460,885 | 507,633 | 574,618 | - | - | - |
Maturity of term deposits and short term investments | ||||||
429,934 | 459,427 | 395,595 | 657,993 | - | - | - |
Investments in available-for-sale investments | ||||||
- | 0 | 54,341 | 5,933 | - | - | - |
Investments in equity investments | ||||||
- | 0 | 1,643 | - | - | - | - |
Payment for equity investments | ||||||
- | - | - | 6,073 | - | - | - |
Disposal of subsidiaries, net of cash received | ||||||
- | 0 | 0 | -2,298 | - | - | - |
Loans provided to a related party | ||||||
11,374 | 6,606 | - | - | - | - | - |
Issuance of convertible loans to a related party | ||||||
- | 32,879 | - | - | - | - | - |
Loans repaid by a related party | ||||||
8,155 | - | - | - | - | - | - |
Change in restricted cash | ||||||
- | 33,070 | 19,297 | - | - | - | - |
Placement of term deposits | ||||||
- | - | - | - | 30,792 | 196,113 | - |
Maturity of term deposits | ||||||
- | - | - | - | 54,068 | 284,492 | - |
Cash received from liquidation of PHOENIXi | ||||||
- | - | - | - | 0 | 0 | - |
Purchase of property and equipment and intangible assets | ||||||
- | - | - | - | - | - | 5,319 |
Placement of term deposits | ||||||
- | - | - | - | - | - | 247,859 |
Maturity of term deposit | ||||||
- | - | - | - | - | - | 123,291 |
Cash received from liquidation of PHOENIXi | ||||||
- | - | - | - | - | - | 2,272 |
Net cash used in investing activities* | ||||||
-983 | -78,230 | -194,028 | 63,368 | 18,446 | 75,605 | -127,615 |
Cash flows from financing activities: | ||||||
Proceeds from issuance of ordinary shares upon IPO | ||||||
- | - | - | - | 0 | 0 | 141,899 |
Proceeds from exercise of stock options | ||||||
1,901 | 351 | 1,072 | 1,411 | 86 | 169 | 29 |
Proceeds from short-term bank loans | ||||||
50,491 | 30,925 | 19,079 | - | - | - | - |
Repayment of short-term bank loans | ||||||
54,887 | - | - | - | - | - | - |
Repayment to VIEs' legal shareholders | ||||||
- | - | - | - | - | 0 | - |
Payment of IPO related expenses | ||||||
- | - | - | - | 0 | 0 | 4,783 |
Repurchase of ordinary shares | ||||||
- | 0 | 10,253 | 39,084 | 10,770 | 8,467 | - |
Prepayment for share repurchases | ||||||
- | - | - | 0 | 0 | 1,350 | - |
Capital contribution received from noncontrolling shareholders | ||||||
- | 0 | 39 | 1,612 | - | - | - |
Net cash provided by/(used in) financing activities | ||||||
-2,495 | 31,276 | 9,937 | -36,061 | -10,684 | -9,648 | 137,145 |
Effect of exchange rate changes on cash, cash equivalents and restricted cash | ||||||
-1,243 | - | - | - | - | - | - |
Net (decrease)/increase in cash, cash equivalents and restricted cash | ||||||
21,867 | - | - | - | - | - | - |
Effect of exchange rate changes on cash and cash equivalents | ||||||
- | 2,065 | -541 | -353 | -466 | -240 | -2,324 |
Net increase/(decrease) in cash and cash equivalents | ||||||
- | -15,552 | -150,542 | 71,030 | 64,749 | 83,306 | 17,476 |
Supplemental disclosure of cash flow information: | ||||||
Cash paid during the period for income taxes | ||||||
2,985 | 6,682 | 5,564 | 5,284 | 3,237 | 2,563 | 2,148 |
Cash paid during the period for interest expenses | ||||||
3,498 | - | - | - | - | - | - |
Supplemental disclosure of non-cash investing activities: | ||||||
Investments in available-for-sale investments by conversion of convertible loans issued to a related party | ||||||
- | -20,714 | - | - | - | - | - |
Conversion of series A convertible redeemable preferred shares into ordinary shares | ||||||
- | - | - | - | 0 | 0 | 184,910 |
Short-term loan waived by Phoenix TV Group | ||||||
- | - | - | - | 0 | 0 | - |
Short-term loan waived by Phoenix TV Group | ||||||
- | - | - | - | - | - | 2,478 |
Issuance of ordinary shares upon vesting of restricted share units | ||||||
- | - | - | 4 | 12 | 56 | 209 |
Purchase of property and equipment and intangible assets included in accounts payable | ||||||
- | - | - | 1,134 | 336 | 1,189 | - |
Restricted cash related to capital contribution financed by noncontrolling shareholders | ||||||
- | - | 0 | 0 | 1,652 | - | - |