| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | ||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net income | ||||||
350,365 | 105,664 | 34,189 | -65,468 | -40,935 | ||
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Depreciation and amortization | ||||||
15,328 | 13,982 | 20,950 | 23,060 | 21,529 | ||
Stock-based compensation | ||||||
48,037 | 36,902 | 26,399 | 13,779 | 4,105 | ||
Provision (reversal) for allowance for doubtful accounts | ||||||
5,478 | 7,787 | -368 | 2,138 | 2,345 | ||
Deferred income tax benefits | ||||||
-1,503 | -4,630 | -977 | 866 | 271 | ||
(Income) Loss from equity method investments | ||||||
1,030 | -130 | -6 | -5 | -1,236 | ||
Dividend received from equity method investments | ||||||
267 | - | - | - | - | ||
Gain on sale of investments | ||||||
14 | 328 | 608 | 481 | 397 | ||
Investment related impairment | ||||||
4,747 | 40,161 | 8,005 | 2,521 | 2,526 | ||
Remeasurement gain upon obtaining control | ||||||
- | - | - | - | 3,116 | ||
Change in fair value of investor option liability | ||||||
- | - | - | -46,972 | 21,064 | ||
(Gain) Loss on disposal of property and equipment | ||||||
85 | -191 | -184 | - | - | ||
Amortization of convertible debt issuance cost | ||||||
690 | - | - | - | - | ||
Changes in assets and liabilities, net of acquisition: | ||||||
Accounts receivable due from third parties | ||||||
- | - | - | 14,938 | 26,930 | ||
Prepaid expenses and other current assets | ||||||
28,050 | 19,527 | -470 | 12,283 | 2,400 | ||
Other assets | ||||||
649 | -1,134 | -713 | 23 | - | ||
Accounts payable | ||||||
84,444 | 8,915 | 16,099 | 12,809 | - | ||
Accrued and other liabilities | ||||||
88,474 | 68,102 | 46,271 | 22,356 | - | ||
Accrued liabilities due to third parties and employees | ||||||
- | - | - | - | 35,881 | ||
Deferred revenues | ||||||
31,967 | 9,492 | 17,753 | 5,799 | 12,638 | ||
Net cash provided by operating activities | ||||||
539,151 | 236,244 | 181,971 | -19,412 | -1,950 | ||
Purchases of short-term investments | ||||||
1,439,558 | 314,363 | 149,374 | 230,161 | 250,000 | ||
Maturities of short-term investments | ||||||
696,245 | 373,805 | 216,615 | 321,208 | 117,564 | ||
Investment and prepayment in long-term investments | ||||||
54,640 | 155,122 | 268,758 | 54,383 | 17,672 | ||
Proceeds from disposal/refund of long-term investments | ||||||
2,458 | 12,188 | 6,090 | 1,644 | - | ||
Proceeds from disposal of property and equipment | ||||||
107 | - | - | - | - | ||
Proceeds from disposal of long-term investments | ||||||
- | - | - | - | 505 | ||
Purchases of property and equipment | ||||||
20,454 | 13,253 | 10,858 | 14,743 | 12,044 | ||
Cash paid for business acquisition, net of cash acquired | ||||||
2,298 | - | 22,025 | 9,648 | - | ||
Net cash used in investing activities | ||||||
-815,422 | -96,745 | -228,310 | 13,917 | -161,647 | ||
Proceeds from IPO, net of commission | ||||||
- | - | - | 306,491 | - | ||
Payment of offering expenses | ||||||
- | - | - | 5,213 | - | ||
Proceeds from employee options exercised | ||||||
2,285 | 4,183 | 7,822 | 1,508 | 991 | ||
Proceeds from convertible notes, net of debt issuance costs | ||||||
879,293 | - | - | - | - | ||
Proceeds from the issuance of preferred and ordinary shares (Note 3) | ||||||
- | - | - | - | 585,799 | ||
Payment for ordinary shares and repurchase of vested options | ||||||
- | - | - | 6,873 | 45,876 | ||
Proceeds from sales of non-controlling interests in subsidiaries | ||||||
- | - | - | 968 | 1,461 | ||
Repayment of amount due to SINA | ||||||
- | - | - | 269,042 | 159,816 | ||
Payments to non-controlling shareholders | ||||||
- | 1,148 | - | - | - | ||
Net cash provided by financing activities | ||||||
883,578 | 3,035 | 4,959 | 43,663 | 408,214 | ||
Effect of exchange rate changes on cash and cash equivalents | ||||||
28,880 | -15,208 | -6,045 | -2,402 | 131 | ||
Other financing activities | ||||||
- | - | - | - | -989 | ||
Net increase (decrease) in cash and cash equivalents | ||||||
636,187 | 127,326 | -47,425 | 35,766 | 244,748 | ||
Supplemental disclosure of cash flow information | ||||||
Cash paid for interest | ||||||
- | - | - | 7,580 | - | ||
Cash paid for income tax | ||||||
8,168 | 3,386 | 311 | - | - | ||
Supplemental schedule of non-cash investing and financing activities | ||||||
Conversion of preferred shares to ordinary shares | ||||||
- | - | - | 479,612 | - | ||
Legal transfer of Weibo Interactive and recognition of amount due to SINA | ||||||
- | - | - | - | 10,080 | ||
Property and equipment in accounts payable | ||||||
3,667 | 2,158 | 2,532 | 2,420 | 824 | ||
Uncollected proceeds from sale of subsidiary's shares to non-controlling shareholders | ||||||
- | 561 | - | - | - | ||