| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | |
|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||
Net income | ||||||
385,536 | 217,713 | 154,113 | 171,561 | 78,917 | 14,314 | |
Adjustments to reconcile net income to net cash provided by operating activities | ||||||
Depreciation of property and equipment | ||||||
27,161 | 25,007 | 18,849 | 10,965 | 7,427 | 4,667 | |
Amortization of acquired intangible assets and land use right | ||||||
9,594 | 14,531 | 9,911 | 2,030 | 777 | - | |
Allowance for doubtful accounts | ||||||
2,322 | 6,613 | 643 | 4,532 | 5,284 | - | |
Loss on disposal of property and equipment | ||||||
-2,708 | -128 | -580 | -10 | - | - | |
Impairment of investments | ||||||
6,640 | 11,537 | - | - | - | - | |
Impairment of an equity investment | ||||||
- | - | - | 0 | 148 | - | |
Impairment of a cost investment | ||||||
- | - | 926 | 645 | - | 72 | |
Amortization of acquired intangible assets | ||||||
- | - | - | - | - | 541 | |
Allowance for doubtful accounts | ||||||
- | - | - | - | - | 1,105 | |
Loss (gain) on disposal of property and equipment | ||||||
- | - | - | - | - | -1 | |
Impairment of intangible assets | ||||||
0 | 551 | 8,830 | 918 | - | 87 | |
Impairment of goodwill | ||||||
388 | 2,544 | 47,875 | - | - | - | |
Fair value change of contingent consideration | ||||||
0 | 0 | -45,150 | - | - | - | |
Share-based compensation | ||||||
39,602 | 22,654 | 28,617 | 21,698 | 19,343 | 16,107 | |
Share of income in equity method investments, net of income taxes | ||||||
5,076 | 1,192 | 2,180 | 689 | 309 | 25 | |
Gain on partial disposal of investments | ||||||
7,049 | - | - | - | - | - | |
Gain on partial disposal of associates | ||||||
- | 3,610 | 0 | 161 | - | 104 | |
Gain on deconsolidation and disposal of subsidiaries | ||||||
5,839 | 14,973 | - | - | - | - | |
Gain on disposal of a cost investment | ||||||
- | - | - | 0 | - | 377 | |
Deferred income taxes, net | ||||||
602 | -1,119 | -3,865 | -7,374 | -5,850 | -3,100 | |
Foreign currency exchange (gains) losses, net | ||||||
-334 | 167 | -5,881 | -1,676 | 4,882 | -667 | |
Other non-operating expense | ||||||
0 | 0 | 334 | - | - | - | |
Other non-operating income | ||||||
- | - | 0 | 5,917 | - | - | |
Changes in operating assets and liabilities, net of business acquisition and disposal of subsidiaries | ||||||
Accounts receivable, net | ||||||
-2,825 | 4,939 | -19,086 | 29,579 | 2,391 | 12,436 | |
Prepayments and other assets | ||||||
7,420 | 14,099 | -6,967 | 14,654 | 7,702 | 1,921 | |
Amounts due from related parties | ||||||
-24 | -265 | 204 | 0 | - | 12 | |
Inventory | ||||||
-220 | -98 | 1,710 | - | - | - | |
Amounts due to related parties | ||||||
-2,861 | 9,553 | -2,122 | 4,553 | 6 | 278 | |
Accounts payable | ||||||
-6,003 | 5,313 | -3,497 | 3,734 | 4,351 | 1,158 | |
Deferred revenue | ||||||
56,351 | 11,740 | 3,939 | 8,759 | 22,622 | 20,151 | |
Advances from customers | ||||||
3,728 | 1,553 | 3,236 | 2,350 | 1,988 | 813 | |
Income taxes payable | ||||||
852 | 4,804 | 2,816 | 1,782 | 4,973 | 4,997 | |
Accrued liabilities and other current liabilities | ||||||
66,878 | 54,210 | 27,618 | 32,901 | 22,509 | 10,296 | |
Placements of short-term deposits | ||||||
- | - | - | - | 252,588 | - | |
Maturities of short-term deposits | ||||||
- | - | - | - | 164,527 | - | |
Net cash provided by operating activities | ||||||
571,517 | 348,715 | 281,493 | 209,740 | 147,211 | 57,279 | |
Cash flows from investing activities | ||||||
Placements of short-term deposits | ||||||
1,485,861 | - | - | - | - | 166,980 | |
Maturities of short-term deposits | ||||||
1,131,400 | 910,975 | 657,262 | 410,995 | - | 98,756 | |
Placements of restricted short-term deposits | ||||||
153,697 | 0 | 230,448 | 24,981 | - | - | |
Maturities of restricted short-term deposits | ||||||
0 | 56,059 | 80,734 | 8,864 | - | - | |
Placement of short-term investments | ||||||
29,133 | 1,156,175 | 288,646 | 861,286 | - | - | |
Maturities of short-term investments | ||||||
9,990 | - | - | - | - | - | |
Purchase of property and equipment | ||||||
61,068 | 23,390 | 33,938 | 28,764 | 9,185 | 9,772 | |
Purchase of intangible assets and land use right | ||||||
2,728 | 10,086 | 7,862 | 3,507 | 2,417 | 308 | |
Purchase of other non-current assets | ||||||
12,702 | 778 | 297,358 | 82,252 | - | - | |
Cash paid for equity investments | ||||||
3,341 | 15,413 | 77 | 2,418 | 1,817 | 161 | |
Cash paid for cost investments | ||||||
46,393 | 12,996 | 54,309 | 11,830 | 7,782 | - | |
Acquisition of an available-for-sale security | ||||||
316 | 0 | 944 | - | - | - | |
Cash received from disposal of investments | ||||||
13,327 | 3,256 | - | - | - | - | |
Cash received from disposal of a cost investment | ||||||
- | - | 0 | 0 | 495 | 161 | |
Cash received from disposal of an equity investment | ||||||
- | - | 0 | 252 | - | 321 | |
Cash dividend received from an equity investee | ||||||
0 | 968 | 370 | - | - | - | |
Acquisition of businesses, net of cash and cash equivalents acquired | ||||||
947 | - | - | 27,552 | - | 1,882 | |
Deconsolidation and disposal of subsidiaries, net of cash disposed | ||||||
17,983 | 773 | - | - | - | - | |
Acquisition of businesses, net of cash and cash equivalents acquired | ||||||
- | 280 | -857 | - | - | - | |
Payment on behalf of related parties, net of repayment | ||||||
-3,553 | 1,541 | - | - | - | - | |
Payment on behalf of related parties | ||||||
- | - | 14,713 | 9,831 | - | - | |
Repayment of expense paid on behalf of a related party | ||||||
- | - | -24,110 | - | - | - | |
Loans to related parties | ||||||
3,837 | 6,409 | 24,545 | 242 | - | 193 | |
Repayment of loans from related parties | ||||||
5,450 | 0 | 24,700 | 242 | 165 | 401 | |
Loans to employees and third parties | ||||||
3,158 | 951 | 932 | 5,723 | - | - | |
Repayment of loans from employees and third parties | ||||||
713 | 684 | 2,043 | 730 | - | - | |
Loans to employees | ||||||
- | - | - | - | 623 | 470 | |
Repayment of loans from employees | ||||||
- | - | - | - | 258 | 106 | |
Proceeds from disposal of property and equipment | ||||||
209 | 26 | 1,909 | 25 | 8 | 5 | |
Proceeds from initial public offering | ||||||
- | - | - | 0 | - | - | |
Payments of listing expenses | ||||||
- | - | 0 | 0 | 958 | - | |
Proceeds from issuance of convertible bonds, net of issuance costs | ||||||
- | 0 | 0 | 387,221 | - | - | |
Net cash used in investing activities | ||||||
-620,556 | -256,824 | -161,787 | -637,278 | -108,959 | -80,016 | |
Cash flows from financing activities | ||||||
Proceeds from exercise of vested share options | ||||||
3 | 1 | 38 | 34 | 19 | - | |
Repurchase of common shares | ||||||
0 | 0 | 160,809 | - | - | - | |
Capital contributions from the non-controlling interests | ||||||
9,971 | 1,533 | 1,204 | - | - | - | |
Capital contributions from mezzanine equity holders | ||||||
78,314 | - | - | - | - | - | |
Proceeds from bank borrowings | ||||||
95,464 | 0 | 177,298 | - | - | - | |
Repayment of bank borrowings | ||||||
0 | 0 | 69,777 | - | - | - | |
Proceeds from issuance of common shares, net of issuance cost | ||||||
453,500 | - | - | - | - | - | |
Repayment of convertible bonds | ||||||
423,225 | - | - | - | - | - | |
Proceeds from initial public offering (net of underwriters' commissions of US$ 6,593) | ||||||
- | - | - | - | - | 88,370 | |
Payments of listing expenses | ||||||
- | - | - | - | - | 4,464 | |
Net cash (used in) provided by financing activities | ||||||
214,027 | 1,534 | -52,046 | 387,255 | -939 | 83,906 | |
Net increase in cash and cash equivalents | ||||||
164,988 | 93,425 | 67,660 | -40,283 | 37,313 | 61,169 | |
Effect of exchange rate changes on cash and cash equivalents | ||||||
-5,498 | 311 | 2,412 | -746 | -163 | -847 | |
Supplemental disclosure of cash flows information: | ||||||
?Cash paid for interest, net of amounts capitalized | ||||||
6,414 | 8,625 | 12,070 | - | - | - | |
?Acquisition of property and equipment in form of accounts payable | ||||||
2,592 | 5,423 | 10,293 | 4,112 | 1,264 | - | |
-Acquisition of property and equipment in form of accounts payable | ||||||
- | - | - | - | - | 949 | |
?Income taxes paid | ||||||
62,455 | 36,718 | 28,578 | 30,458 | 15,736 | 2,765 | |