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CONSOLIDATED STATEMENTS OF CASH FLOWS
¥ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
CNY (¥)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
CNY (¥)
Dec. 31, 2020
CNY (¥)
Cash Flows from Operating Activities        
Net loss ¥ (1,523,564) $ (220,897) ¥ (3,849,838) ¥ (1,649,174)
Adjustments to reconcile net loss to net cash used in operating activities:        
Depreciation of property and equipment 100,800 14,600 123,473 135,659
Amortization of intangible assets 1,220 177 3,087 3,812
Share-based compensation 91,367 13,247 810,178 59,476
Non cash expenses items 29,707 4,307    
Amortization of convertible note and loan     12,106 5,794
Change in fair value of option and embedded conversion feature     (79,386) (5,216)
Losses from disposal of property and equipment 154,017 22,330 7,006 10,201
Share of results of equity investees 1,800 261 287 780
Change in fair value of short - term investments 218,089 31,620 29,636  
Impairment loss of assets 131,547 19,072    
Changes in operating assets and liabilities:        
Accounts receivable, net 75,076 10,885 (50,841) 13,823
Prepayments and other current assets 204,104 29,592 (79,442) 125,507
Inventories, net 149,532 21,680 26,579 (4,396)
Operating lease right-of-use assets, net 648,283 93,992 (178,639) 207,852
Other non-current assets 7,915 1,148 10,199 7,924
Accounts payable (301,024) (43,644) 437,160 (332,380)
Deferred revenue (27,376) (3,969) 47,926 8,816
Accrued expenses and other current liabilities (66,599) (9,656) (40,795) (6,625)
Lease liabilities (581,507) (84,311) 157,334 (193,641)
Other non-current liability 3,895 565 24,930  
Net Cash used in Operating Activities (682,675) (98,980) (2,589,040) (1,611,788)
Cash Flows from Investing Activities        
Purchase of property and equipment (26,696) (3,871) (136,810) (68,959)
Purchase of intangible assets     (1,522) (5,349)
Purchase of short-term investments     (1,417,426) (2,991,232)
Maturity of short-term investments 580,469 84,160 661,255 2,872,106
Proceeds from disposal of property and equipment 4,844 703 851 3,773
Cash received (paid) from long-term investments 22,628 3,281 (14,700) (45,348)
Acquisition of a business, net of cash and cash equivalents acquired     524  
Net Cash used in Investing Activities 581,245 84,273 (907,828) (235,009)
Cash Flows from Financing Activities        
Proceeds from issuance of convertible redeemable preferred shares, net     2,246,824 1,136,109
Proceeds from short-term borrowings 8,309 1,205 2,242,175 1,525,014
Proceeds from issuance of ordinary shares, net of issuance costs     1,621,154  
Repayment of short-term borrowings (939,475) (136,211) (2,168,968) (900,013)
Proceeds from issuance of convertible note and loan       278,870
Repayment of convertible note and loan     (259,020)  
Capital injection from non-controlling interest shareholders 1,200 174 9,000  
Proceeds from the issuance of the convertible redeemable preferred shares to non-controlling interest shareholders       235,000
Net Cash provided by/ (used in) Financing Activities (929,966) (134,832) 3,691,165 2,274,980
Effects of exchange rate changes on cash and cash equivalents and restricted cash (16,319) (2,365) (20,008) (66,899)
Net increase/ (decrease) in cash, cash equivalents and restricted cash (1,047,715) (151,904) 174,289 361,284
Cash, cash equivalents and restricted cash at beginning of the year 1,096,671 159,002 922,382 561,098
Cash, cash equivalents and restricted cash at end of the year 48,956 7,098 1,096,671 922,382
Supplemental disclosures of cash flow information        
Cash paid for interest ¥ (4,758) $ (690) (58,374) (33,486)
Supplemental schedule of non-cash investing and financing activities        
Accretion of convertible redeemable preferred shares to redemption value     313,680 508,321
Accretion of convertible redeemable non-controlling preferred shares to redemption value     4,296 6,750
Payables related to purchase of property and equipment     ¥ 9,946 ¥ 4,347