| Dec'17 | Dec'16 | Dec'15 | Dec'14 | |||
|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||
Net Income | ||||||
318,024 | 145,250 | - | - | |||
Net (loss) income | ||||||
- | - | 13,697 | -25,415 | |||
Adjustments to reconcile net income to net cash provided by operating activities | ||||||
Depreciation of property and equipment | ||||||
11,722 | 8,404 | 6,646 | 2,805 | |||
Amortization of intangible assets | ||||||
714 | - | - | - | |||
Share-based compensation | ||||||
49,657 | 31,706 | 17,382 | 6,638 | |||
Share of income on equity method investments | ||||||
5,889 | 3,471 | 370 | - | |||
Impairment loss on long-term investments | ||||||
4,386 | 5,765 | - | - | |||
Impairment loss on intangible assets | ||||||
191 | - | - | - | |||
Loss on disposal of property and equipment | ||||||
-17 | -15 | -5 | -64 | |||
Provision of allowance for doubtful accounts | ||||||
85 | - | - | - | |||
Changes in operating assets and liabilities | ||||||
Accounts receivable | ||||||
1,226 | 22,978 | 8,538 | 5,205 | |||
Prepaid expenses and other current assets | ||||||
45,824 | 15,634 | 11,247 | 7,489 | |||
Amount due from related parties | ||||||
4,943 | -1,037 | 1,218 | -198 | |||
Deferred tax assets | ||||||
6,790 | 284 | - | - | |||
Rental deposits | ||||||
1,590 | 304 | -38 | 797 | |||
Other non-current assets | ||||||
750 | - | - | - | |||
Accounts payable | ||||||
25,778 | 32,019 | 5,274 | 4,494 | |||
Income tax payable | ||||||
22,683 | 3,946 | - | - | |||
Deferred revenue | ||||||
20,417 | 15,546 | 12,996 | 12,825 | |||
Accrued expenses and other current liabilities | ||||||
43,303 | 15,456 | 20,671 | 5,949 | |||
Amount due to related parties | ||||||
-2,496 | 1,642 | 88 | - | |||
Deferred tax liability | ||||||
-145 | - | - | - | |||
Other non-current liabilities | ||||||
283 | 196 | 1,828 | - | |||
Net cash provided by operating activities | ||||||
427,607 | 218,311 | 57,252 | -5,933 | |||
Cash flows from investing activities | ||||||
Purchase of property and equipment | ||||||
32,314 | 7,026 | 13,521 | 8,740 | |||
Proceeds from disposal of property and equipment | ||||||
8 | 63 | - | - | |||
Payment for long term investments | ||||||
8,003 | 14,542 | 17,859 | 809 | |||
Prepayment for long term investments | ||||||
7,561 | 2,635 | 2,000 | - | |||
Payment for acquired intangible assets | ||||||
2,993 | - | - | - | |||
Purchase of term deposits | ||||||
592,432 | 509,612 | 450,000 | - | |||
Cash received on maturity of term deposits | ||||||
617,566 | 415,404 | 150,000 | - | |||
Payment for short term investments | ||||||
2,367 | - | - | - | |||
Cash received from sales of short term investment | ||||||
786 | - | - | - | |||
Net cash used in investing activities | ||||||
-27,310 | -118,348 | -333,380 | -9,549 | |||
Cash flows from financing activities | ||||||
Proceeds from issuance of convertible redeemable participating preferred shares | ||||||
- | - | - | 211,750 | |||
Repurchase of convertible redeemable participating preferred shares | ||||||
- | - | - | 30,750 | |||
Proceeds from issuance of ordinary shares | ||||||
- | - | - | 291,012 | |||
Payment for IPO costs | ||||||
- | - | 2,634 | 1,727 | |||
Capital contribution from non-controlling interest shareholder | ||||||
73 | - | - | 15 | |||
Repurchase of ordinary shares | ||||||
- | - | - | 58,044 | |||
Deferred payment of purchase of property and equipment | ||||||
217 | 319 | - | - | |||
Proceeds from exercise of share options | ||||||
564 | 333 | 401 | - | |||
Net cash provided by (used in) financing activities | ||||||
420 | 14 | -2,233 | 412,256 | |||
Effect of exchange rate on cash and cash equivalents | ||||||
27,546 | -11,882 | -3,138 | -1,180 | |||
Net increase (decrease) in cash and cash equivalents | ||||||
428,263 | 88,095 | -281,499 | 395,594 | |||
Non-cash investing and financing activities | ||||||
Payable for purchase of property and equipment | ||||||
7,265 | 623 | 765 | 1,105 | |||
Payable for deferred IPO cost | ||||||
- | - | - | 2,634 | |||
Payable for repurchase of ordinary shares | ||||||
6,450 | 6,450 | 6,450 | 6,450 | |||