| Dec'17 | ||||||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net (loss)/income | ||||||
36,943 | ||||||
Adjustments to reconcile net (loss)/income to net cash (used in)/provided by operating activities: | ||||||
Accrued convertible loans interest expense | ||||||
10,339 | ||||||
Amortization of debt issuance cost | ||||||
707 | ||||||
Change in fair value of servicing rights | ||||||
1,958 | ||||||
Share-based compensation expenses | ||||||
11,640 | ||||||
Depreciation and amortization | ||||||
2,899 | ||||||
Provision for credit losses | ||||||
94,043 | ||||||
Inventory write-downs | ||||||
271 | ||||||
Change in fair value of financial guarantee derivatives | ||||||
7,278 | ||||||
Deferred income tax | ||||||
548 | ||||||
Investment related impairment | ||||||
143 | ||||||
Share of results of an equity investee | ||||||
-312 | ||||||
Foreign exchange gain | ||||||
321 | ||||||
Changes in operating assets and liabilities: | ||||||
Financing receivables related to online direct sales | ||||||
-35,633 | ||||||
Accrued interest receivable | ||||||
8,680 | ||||||
Prepaid expenses and other current assets | ||||||
26,594 | ||||||
Amounts due from related parties | ||||||
-265 | ||||||
Inventories | ||||||
-659 | ||||||
Other assets | ||||||
5,112 | ||||||
Accounts payable | ||||||
19,285 | ||||||
Amounts due to related parties | ||||||
-14,232 | ||||||
Accrued interest payable | ||||||
24,046 | ||||||
Accrued expenses and other current liabilities | ||||||
78,023 | ||||||
Net cash (used in)/provided by operating activities | ||||||
255,497 | ||||||
Cash flows from investing activities: | ||||||
Cash paid on long-term investments | ||||||
435 | ||||||
Purchases of property, equipment and software | ||||||
5,817 | ||||||
Financing receivables originated (excluding receivables related to online direct sales) | ||||||
3,689,119 | ||||||
Principal collection on financing receivables and recoveries (excluding receivables related to online direct sales) | ||||||
2,928,485 | ||||||
Changes in restricted cash | ||||||
67,003 | ||||||
Placement of restricted time deposits | ||||||
1,668 | ||||||
Withdrawal of restricted time deposits | ||||||
1,921 | ||||||
Net cash used in investing activities | ||||||
-833,636 | ||||||
Cash flows from financing activities: | ||||||
Proceeds from financial institution borrowings | ||||||
35,658 | ||||||
Principal payments on financial institution borrowings | ||||||
20,437 | ||||||
Proceeds from Funding Debts | ||||||
2,798,030 | ||||||
Principal payments on Funding Debts | ||||||
2,234,998 | ||||||
Payment of debt issuance cost | ||||||
261 | ||||||
Proceeds from initial public offering, net of issuance costs | ||||||
100,095 | ||||||
Proceeds from receivables from Pre-IPO Series C-1 preferred shareholders | ||||||
7,650 | ||||||
Repayment of liabilities to Pre-IPO Series C-1 preferred shareholders | ||||||
7,685 | ||||||
Net cash provided by financing activities | ||||||
678,052 | ||||||
Effect of exchange rate changes on cash and cash equivalents | ||||||
-491 | ||||||
Net (decrease)/increase in cash and cash equivalents | ||||||
99,422 | ||||||
Supplemental disclosure of cash flows information | ||||||
Cash paid for interest expense | ||||||
704 | ||||||
Cash paid for income tax expense | ||||||
8,903 | ||||||
Non-cash financing activities | ||||||
Pre-IPO Preferred Shares redemption value accretion | ||||||
12,621 | ||||||
Conversion of convertible loans into Pre-IPO Preferred Shares | ||||||
117,533 | ||||||
Conversion and redesignation of Pre-IPO Preferred Shares into Class A Ordinary Shares | ||||||
230,277 | ||||||