| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net income/(loss) | ||||||
212,612 | -111,425 | -262,956 | 22,644 | 19,557 | -30,401 | -83,402 |
Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities: | ||||||
Share-based compensation expenses | ||||||
53,652 | 38,428 | 28,060 | 6,173 | 2,865 | 1,671 | 1,970 |
Depreciation and amortization expenses | ||||||
66,669 | 58,646 | 33,166 | 5,607 | 4,657 | 3,879 | 1,685 |
Investment (income)/loss | ||||||
48,933 | 21 | -149,003 | 2,146 | 0 | -1,000 | 0 |
Share of results of equity investees | ||||||
-105,200 | -133,594 | - | - | - | - | - |
Interest expense | ||||||
7,867 | 10,580 | 8,191 | 0 | 0 | - | - |
Loss upon conversion of Guazi Convertible Note | ||||||
0 | 12,134 | - | - | - | - | - |
Interest income from Guazi Convertible Note | ||||||
0 | 2,523 | - | - | - | - | - |
Allowance for doubtful accounts and other current assets write-off | ||||||
2,565 | 8,162 | 1,877 | 0 | 0 | - | - |
Compensation to noncontrolling shareholders resulting from waiver of receivables from 58 Home | ||||||
0 | 0 | 12,147 | 0 | 0 | - | - |
Bargain purchase gain | ||||||
0 | 0 | 1,650 | 0 | 0 | - | - |
Gain on deconsolidation and disposal of businesses | ||||||
0 | 11,472 | 119,238 | 0 | 0 | - | - |
Impairment loss of long-term investments and other non-current assets | ||||||
5,708 | 24,813 | - | - | - | - | - |
Impairment loss of long-term investment | ||||||
- | - | 949 | 0 | 0 | - | - |
Loss/(income) on disposal of property and equipment | ||||||
-148 | 67 | -593 | -40 | 0 | -67 | -16 |
Deferred income taxes | ||||||
10,076 | 8,124 | 5,465 | 0 | 0 | - | - |
Foreign currency exchange loss/(income), net | ||||||
121 | -537 | -1,743 | -2,510 | 548 | -62 | -245 |
Changes in operating assets and liabilities, net of acquisitions and disposals: | ||||||
Restricted Cash | ||||||
12,636 | - | - | - | - | - | - |
Accounts receivable | ||||||
39,831 | 12,652 | 24,163 | 1,990 | 1,097 | 521 | 2,025 |
Prepayments and other assets | ||||||
52,845 | 1,363 | 16,753 | 16,000 | 2,318 | -924 | 7,041 |
Amounts due from related parties | ||||||
- | - | - | - | - | - | 726 |
Accounts payable | ||||||
6,199 | -5,553 | 41,888 | 6,021 | -2,647 | -9,129 | 18,401 |
Deferred revenues | ||||||
43,670 | 60,680 | 46,668 | 40,229 | 26,145 | 13,555 | 10,561 |
Customer advances | ||||||
19,798 | 33,647 | 70,408 | 14,615 | 10,329 | 7,227 | 3,307 |
Salary and welfare payable | ||||||
-2,127 | 5,923 | 22,459 | 10,785 | 5,549 | 4,194 | 5,673 |
Taxes payable | ||||||
18,771 | -588 | 61 | 5,128 | 387 | 780 | 174 |
Accrued expenses and other liabilities | ||||||
36,510 | 38,787 | 23,797 | 4,969 | 3,425 | 1,964 | 839 |
Net cash provided by operating activities | ||||||
412,800 | 272,143 | 10,785 | 98,585 | 66,304 | -4,728 | -50,323 |
Cash flows from investing activities: | ||||||
Purchase of property and equipment and intangible assets | ||||||
18,561 | 30,625 | 195,446 | 32,476 | 4,177 | 5,227 | 5,655 |
Purchase of intangible assets | ||||||
- | 96 | 883 | 0 | 0 | 28 | 58 |
Cash received for disposal of property and equipment | ||||||
76 | 52 | 229 | 44 | 0 | 0 | - |
Purchase of land use rights | ||||||
0 | 0 | 596 | 0 | 0 | - | - |
Purchase of long-term investments | ||||||
71,529 | 24,325 | 81,307 | 23,781 | 0 | 0 | - |
Changes in restricted cash | ||||||
-53,369 | 165,561 | 20,000 | 382,552 | 152,190 | 0 | 0 |
Cash paid to term deposits and other advances | ||||||
2,422 | 26,115 | - | - | - | - | - |
Proceeds from maturity of term deposits | ||||||
9,370 | 1,518 | 324,616 | 250,907 | 0 | 0 | - |
Purchase of short-term investments | ||||||
2,835,420 | 1,398,530 | 471,751 | 652,892 | 397,266 | 212,753 | 28,116 |
Proceeds from maturity of short-term investments | ||||||
2,438,156 | 1,314,815 | 709,350 | 535,322 | 323,587 | 190,855 | 24,374 |
Cash received for disposal of long-term investments | ||||||
54,098 | - | - | - | - | - | - |
Cash paid for acquisition of Anjuke, net of acquisition of cash | ||||||
0 | 27,514 | 124,646 | 0 | 0 | - | - |
Cash paid for equity investment in Ganji | ||||||
0 | 116,244 | 289,824 | 0 | 0 | - | 1,000 |
Cash paid for step-acquisition of Ganji, net of acquisition of cash | ||||||
14,059 | 95,534 | 244,645 | 0 | 0 | - | - |
Cash paid for acquisitions of other subsidiaries, net of acquisition of cash | ||||||
474 | 69 | 42,793 | -156 | 0 | 0 | - |
Net cash received/(paid) upon deconsolidation and disposal of businesses | ||||||
50,541 | 898 | 44,515 | 0 | 0 | - | - |
Purchase of convertible note issued by Guazi.com Inc. ("Guazi") | ||||||
0 | 0 | 50,000 | 0 | 0 | - | - |
Net cash used in investing activities | ||||||
-437,937 | -569,126 | -443,181 | -305,272 | -230,046 | -27,153 | -10,455 |
Cash flows from financing activities: | ||||||
Proceeds from exercise of share options | ||||||
15,437 | 3,046 | 3,430 | 3,286 | 557 | 253 | 0 |
Proceeds from short-term loans | ||||||
0 | 411,317 | 401,563 | 0 | 0 | - | - |
Repayment of short-term loans | ||||||
276,162 | 431,604 | - | - | - | - | - |
Proceeds from long-term loan | ||||||
113,263 | 21,623 | - | - | - | - | - |
Proceeds from issuance of ordinary shares to Tencent | ||||||
0 | 0 | 400,000 | 736,100 | 0 | 0 | - |
Proceeds from issuance of Preference Shares | ||||||
- | - | - | - | - | - | 57,110 |
Proceeds from issuance of 25,300,000 Class A ordinary shares in IPO | ||||||
- | - | 0 | 0 | 199,954 | 0 | 0 |
Proceeds from issuance of 1,764,706 Class A ordinary shares in the private placement to DCM Hybrid RMB Fund concurrently with IPO | ||||||
- | - | 0 | 0 | 15,000 | 0 | 0 |
Proceeds from issuance of preference shares of a subsidiary to Tencent | ||||||
210,211 | 0 | 0 | 72,960 | 0 | 0 | - |
Contribution from noncontrolling interest holders | ||||||
25,189 | - | - | - | - | - | - |
Other financing payment | ||||||
539 | - | - | - | - | - | - |
Net cash provided by financing activities | ||||||
87,399 | - | - | - | - | - | - |
Payments for repurchase of ordinary share from pre-IPO shareholders | ||||||
- | 0 | 0 | 552,075 | 0 | 0 | - |
Payment for issuance expenses | ||||||
- | 0 | 0 | 2,841 | 2,168 | 0 | 0 |
Capital injection from noncontrolling interest shareholders | ||||||
- | 4,070 | - | - | - | - | - |
Net cash provided by financing activities | ||||||
- | 8,452 | 804,993 | 257,430 | 213,343 | 253 | 57,110 |
Effect of exchange rate changes on cash and cash equivalents | ||||||
-12,596 | 9,170 | -668 | 139 | 224 | -14 | 324 |
Net increase/(decrease) in cash and cash equivalents | ||||||
49,666 | -279,361 | 371,929 | 50,882 | 49,825 | -31,642 | -3,344 |
Supplemental disclosure of cash flow information: | ||||||
Income tax paid/(refund), net | ||||||
25,527 | 510 | -1,119 | 1,194 | 0 | 0 | - |
Interest expense paid | ||||||
10,152 | 10,792 | - | - | - | - | - |
Supplemental disclosure of non-cash activities: | ||||||
Property and equipment in accounts payable | ||||||
1,378 | 5,329 | 6,537 | 1,813 | 28 | 394 | 0 |
Deemed dividend to mezzanine classified noncontrolling interests | ||||||
13,624 | 2,266 | 898 | 0 | 0 | - | - |
Accretions to preference shareholders redemption values | ||||||
- | - | 0 | 0 | 9,134 | 10,233 | 6,547 |
Equity consideration for acquisition of Anjuke | ||||||
0 | 0 | 93,957 | 0 | 0 | - | - |
Equity consideration for equity investment in Ganji | ||||||
0 | 0 | 911,244 | 0 | 0 | - | - |
Equity consideration for step acquisition of Ganji | ||||||
0 | 0 | 1,161,657 | 0 | 0 | - | - |
Consideration payable for acquisition of Anjuke | ||||||
0 | 0 | 28,962 | 0 | 0 | - | - |
Consideration payable for equity investment in Ganji | ||||||
0 | 0 | 122,413 | 0 | 0 | - | - |
Consideration payable for step acquisition of Ganji | ||||||
0 | 0 | 151,368 | 0 | 0 | - | - |
Early repayment of convertible note by issuance of ordinary share to Tencent | ||||||
0 | 0 | 132,288 | 0 | 0 | - | - |
Non-cash consideration for investment in Tujia.com International ("Tujia") | ||||||
0 | 11,407 | - | - | - | - | - |
Non-cash consideration for disposal of Finance business | ||||||
23,095 | - | - | - | - | - | - |
Restricted cash relating to share-based compensation plan | ||||||
- | - | - | - | - | 0 | - |