| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | |
|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||
Net loss for the year | ||||||
-37,809 | -24,183 | -14,466 | 9,862 | 10,379 | 382 | |
Adjustments to reconcile net loss to net cash generated from operating activities (note) | ||||||
Depreciation of property and equipment | ||||||
7,948 | 6,165 | 5,646 | 6,500 | 5,112 | 3,994 | |
Amortization of intangible assets | ||||||
2,101 | 2,223 | 12,149 | 38,741 | 38,314 | 50,578 | |
Allowance for doubtful accounts | ||||||
27 | 0 | 4 | 1,767 | 4,921 | 3,700 | |
Impairment of receivables from and prepayments to Kankan | ||||||
8,723 | 0 | 0 | - | - | - | |
Loss on disposal of property and equipment | ||||||
-85 | -85 | -4 | 0 | 0 | -5 | |
Gain from barter transactions | ||||||
0 | 0 | 409 | 4,428 | 2,059 | 7,472 | |
Share-based compensation | ||||||
8,330 | 9,348 | 9,728 | 7,644 | 2,096 | 2,233 | |
Decrease in fair value of warrants | ||||||
- | - | - | -8,054 | -1,531 | 710 | |
Share of loss from equity investees | ||||||
-1,875 | -195 | -12 | -259 | 25 | -45 | |
Investment income on short-term investments | ||||||
728 | 506 | 997 | 317 | 356 | 2 | |
Impairment of property and equipment | ||||||
20 | 0 | 0 | - | - | - | |
Impairment of intangible assets | ||||||
4,833 | 0 | 0 | - | 808 | - | |
Impairment of long-term investments | ||||||
596 | 0 | 0 | - | - | - | |
Loss on exchange of warrants | ||||||
- | - | - | -405 | 0 | - | |
Deemed disposal gain on long-term investments | ||||||
491 | 689 | 702 | 449 | 0 | - | |
Interest expense accrued on long-term payable | ||||||
239 | 239 | 239 | 163 | 0 | - | |
Deferred taxes | ||||||
-2,214 | -954 | 873 | -1,856 | -822 | -123 | |
Deferred government grants | ||||||
-3,493 | -3,473 | -1,969 | -2,059 | -1,284 | -1,363 | |
Changes in operating assets and liabilities: | ||||||
Accounts receivable | ||||||
20,040 | 5,168 | -1,395 | -4,699 | -13,655 | 17,831 | |
Prepayments and other assets | ||||||
11,418 | -13,947 | -3,815 | 9,180 | 333 | 458 | |
Due from/to related parties | ||||||
4,879 | 1,180 | 70 | 168 | 96 | -310 | |
Accounts payable | ||||||
9,037 | 15,855 | 301 | 2,569 | 5,924 | 3,428 | |
Inventories | ||||||
2,925 | -59 | 526 | 0 | 0 | - | |
Deferred revenue | ||||||
-510 | 2,631 | -294 | -2,643 | 12,630 | 8,543 | |
Income tax payable | ||||||
339 | 147 | 153 | -5 | 116 | 2,362 | |
Accrued liabilities and other payables | ||||||
26,138 | 2,229 | -1,122 | 4,752 | -1,916 | 10,873 | |
Net cash generated from/(used in) operating activities | ||||||
-14,216 | 16,970 | 13,764 | 48,202 | 85,533 | 59,914 | |
Cash flows from investing activities | ||||||
Purchase of short-term investments | ||||||
244,781 | 209,034 | 222,157 | 330,471 | 246,153 | 6,523 | |
Proceeds from disposal of short-term investments | ||||||
291,568 | 94,139 | 175,513 | 341,792 | 213,506 | 2 | |
Proceeds from disposal of property and equipment | ||||||
23 | 22 | 25 | 0 | 0 | 5 | |
Proceeds from disposal of Kankan | ||||||
0 | 0 | 16,687 | 0 | 0 | - | |
Proceeds from disposal of long-term investments | ||||||
191 | 3,670 | 0 | 0 | - | - | |
Purchase of intangible assets | ||||||
481 | 121 | 11,894 | 38,056 | 36,005 | 32,554 | |
Acquisition of long-term investments | ||||||
2,793 | 33,233 | 8,330 | 2,359 | 1,390 | 952 | |
Acquisition of Kingsoft Cloud Storage business | ||||||
- | - | - | 33,000 | 0 | - | |
Repayment of loans from /(loans to) employees | ||||||
423 | -22 | 105 | -767 | -856 | - | |
Acquisition of property and equipment | ||||||
5,318 | 13,756 | 4,931 | 7,770 | 7,372 | 7,447 | |
Acquisition of constructions in progress | ||||||
3,624 | 0 | 0 | - | - | - | |
Net cash generated from/(used in) investing activities | ||||||
35,208 | -158,335 | -54,982 | -70,546 | -78,352 | -49,490 | |
Cash flows from financing activities | ||||||
Repayment of advance from a shareholder | ||||||
- | - | - | 85 | - | - | |
Loans to employees | ||||||
- | - | - | - | - | 2,021 | |
Advance to or repayment of advance from a shareholder | ||||||
- | - | - | - | 82 | - | |
Repurchase of shares | ||||||
358 | 14,319 | 1,287 | 69,303 | 0 | - | |
Proceeds from initial public offering | ||||||
- | - | - | 93,881 | 0 | - | |
Payment of initial public offering expenses | ||||||
- | - | - | 3,504 | 0 | - | |
Prepayment for share repurchase plan | ||||||
0 | -712 | -288 | 1,000 | 0 | - | |
Proceeds from bank borrowings | ||||||
- | - | - | - | - | 20,519 | |
Repayment of bank borrowings | ||||||
- | - | - | - | - | 41,151 | |
Governments grants received | ||||||
2,908 | 2,508 | 1,055 | 856 | 2,487 | 2,836 | |
Proceeds from exercise of vested share options | ||||||
11 | 58 | 4,974 | 1,523 | 0 | - | |
Net cash generated from/(used in) financing activities | ||||||
2,561 | -11,041 | 5,030 | 333,268 | 2,487 | 17,692 | |
Initial public offering expenses reimbursement received | ||||||
- | - | - | 1,158 | 0 | - | |
Net (decrease)/increase in cash and cash equivalents | ||||||
23,553 | -152,406 | -36,188 | 310,924 | 9,668 | 28,116 | |
Effect of exchange rates on cash and cash equivalents | ||||||
10,422 | -9,867 | -6,310 | -555 | 2,332 | 441 | |
Supplemental disclosure of cash flow information | ||||||
Interests paid | ||||||
- | - | - | - | 0 | 1,438 | |
Income tax paid | ||||||
0 | 0 | 82 | 241 | 0 | - | |
Non cash investing and financing activities | ||||||
Acquisition of property and equipment in form of other payables | ||||||
-2,774 | -1,773 | 4,468 | 240 | 4,157 | 1,344 | |
Initial public offering expenses in form of other payables | ||||||
- | - | - | 712 | 0 | - | |
Purchase of intangible assets in form of accounts payable | ||||||
0 | 0 | 62 | 21,860 | 25,695 | 25,048 | |
Acquisition of intangible assets in form of barter transactions | ||||||
- | - | - | 4,030 | 4,058 | 6,650 | |
Beneficial Conversion Feature of convertible preferred shares from their modifications | ||||||
- | - | - | - | 0 | - | |
Deemed contribution from Series C preferred shareholders | ||||||
- | - | - | - | - | -2,979 | |
Deemed dividend to certain shareholders from repurchase of shares | ||||||
- | - | - | 14,926 | 0 | - | |
Acceleration of amortization of beneficial conversion feature of Series E upon initial public offering | ||||||
- | - | - | 49,346 | 0 | - | |
Deemed dividend to preferred shareholders upon initial public offering | ||||||
- | - | - | 32,807 | 0 | - | |