Consolidated Statements of Cash Flows
¥ in Thousands, $ in Thousands |
12 Months Ended |
|
Dec. 31, 2017
CNY (¥)
|
Dec. 31, 2017
USD ($)
|
Dec. 31, 2016
CNY (¥)
|
Dec. 31, 2015
CNY (¥)
|
| CASH FLOWS FROM OPERATING ACTIVITIES |
|
|
|
|
| Net income |
¥ 1,994,459
|
$ 306,542
|
¥ 1,216,223
|
¥ 990,649
|
| Adjustments to reconcile net income to net cash from operating activities: |
|
|
|
|
| Depreciation of property and equipment |
81,915
|
12,590
|
65,246
|
51,337
|
| Amortization of intangible assets |
6,923
|
1,064
|
4,558
|
5,247
|
| Loss on disposal of property and equipment |
2,909
|
447
|
227
|
570
|
| Provision for doubtful accounts |
1,110
|
170
|
2,303
|
2,179
|
| (Earnings)/loss from equity method investments |
10,571
|
1,625
|
6,638
|
(102)
|
| Fair value change of short-term investments |
(29,042)
|
(4,464)
|
(5,883)
|
0
|
| Write-down of inventories and prepayment for vehicle purchase cost |
1,483
|
228
|
50,190
|
0
|
| Share-based compensation |
177,786
|
27,325
|
195,393
|
107,945
|
| Deferred income taxes |
12,279
|
1,887
|
(103,800)
|
(6,475)
|
| Changes in operating assets and liabilities: |
|
|
|
|
| Accounts receivable |
(688,923)
|
(105,885)
|
(132,771)
|
(340,940)
|
| Amounts due from related parties, current |
(4,051)
|
(623)
|
(18,806)
|
(1,645)
|
| Prepaid expenses and other current assets |
191,348
|
29,411
|
(77,587)
|
(264,391)
|
| Inventories |
94,134
|
14,468
|
4,418
|
(111,667)
|
| Restricted cash |
9,319
|
1,432
|
51,772
|
(61,091)
|
| Amounts due from related parties, non-current |
(10,147)
|
(1,560)
|
(809)
|
0
|
| Other non-current assets |
16,386
|
2,518
|
(12,090)
|
(1,965)
|
| Accrued expenses and other payables |
425,306
|
65,369
|
308,861
|
316,714
|
| Advance from customers |
(5,428)
|
(834)
|
48,668
|
(15,316)
|
| Notes payable |
(31,063)
|
(4,774)
|
(143,880)
|
174,943
|
| Deferred revenue |
397,342
|
61,071
|
139,656
|
433,690
|
| Income tax payable |
(172,398)
|
(26,497)
|
31,802
|
150,210
|
| Amounts due to related parties |
(6,345)
|
(975)
|
(6,814)
|
23,411
|
| Other liabilities |
(2,855)
|
(439)
|
2,381
|
8,538
|
| Net cash generated from operating activities |
2,473,018
|
380,096
|
1,625,896
|
1,461,841
|
| CASH FLOWS FROM INVESTING ACTIVITIES |
|
|
|
|
| Purchase of property and equipment |
(86,422)
|
(13,283)
|
(88,837)
|
(89,161)
|
| Proceeds from disposal of property and equipment |
811
|
125
|
539
|
595
|
| Acquisition of intangible assets |
(21,100)
|
(3,243)
|
0
|
0
|
| Purchase of long-term investments |
(30,000)
|
(4,611)
|
(17,000)
|
(124,000)
|
| Proceeds from and cash advanced from disposal of long-term investments |
57,500
|
8,838
|
0
|
0
|
| Purchase of short-term investments |
(19,613,774)
|
(3,014,582)
|
(4,212,594)
|
(3,715,074)
|
| Maturity of short-term investments |
14,779,158
|
2,271,515
|
3,802,986
|
3,519,983
|
| Net cash used in investing activities |
(4,913,827)
|
(755,241)
|
(514,906)
|
(407,657)
|
| CASH FLOWS FROM FINANCING ACTIVITIES |
|
|
|
|
| Proceeds from exercise of share options |
61,070
|
9,386
|
25,420
|
30,200
|
| Capital injection from noncontrolling interests shareholder |
0
|
0
|
2,500
|
0
|
| Net cash generated from financing activities |
61,070
|
9,386
|
27,920
|
30,200
|
| Effect of exchange rate changes on cash and cash equivalents |
(2,584)
|
(397)
|
2,354
|
13,847
|
| Net increase/(decrease) in cash and cash equivalents |
(2,382,323)
|
(366,156)
|
1,141,264
|
1,098,231
|
| Cash and cash equivalents at beginning of year |
3,293,911
|
506,265
|
2,152,647
|
1,054,416
|
| Cash and cash equivalents at end of year |
911,588
|
140,109
|
3,293,911
|
2,152,647
|
| Supplemental disclosures of cash flow information: |
|
|
|
|
| Income taxes paid |
430,136
|
66,111
|
102,443
|
133,265
|
| Purchase of fixed assets included in accrued expenses and other payables |
6,303
|
969
|
12,200
|
2,612
|
| Dividends declared but not paid |
¥ 595,779
|
$ 91,570
|
¥ 0
|
¥ 0
|