BEST Inc. Cashflow Statement | Understand Stock

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated statements of cash flows

In millions of CNY, except per-share amounts

	FY2023 12 months to Dec 31, 2023	FY2022 12 months to Dec 31, 2022	FY2021 12 months to Dec 31, 2021	FY2020 12 months to Dec 31, 2020	FY2019 12 months to Dec 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)
Less: Net income (loss) from discontinued operations, net of tax
Net loss from continuing operations
Adjustments to reconcile net loss to net cash used in operating activities:
Share of net loss of equity investees
Fair value change of equity investments without readily determinable fair values under the measurement alternative
Deferred income tax
Change in fair value change of derivative assets and derivative liabilities
Impairment of long-term investments
Gain on disposal of a subsidiary
Depreciation and amortization
Lease expense to reduce operating lease right-of -use assets
Share-based compensation
Accretion on secured bank borrowings and convertible senior notes
Accretion (reversal) on secured bank borrowings and convertible senior notes held by third parties
Accretion on convertible senior notes held by a related party
Allowance for credit losses
Loss (gain) on disposal of property and equipment
Gain on disposal of long-term investments
Impairment of long-lived assets
Gain from the repurchase of convertible senior notes
Foreign exchange (gain) loss
Changes in operating assets and liabilities:
Accounts and notes receivable
Inventories
Prepayments and other current assets
Amounts due from related parties
Non-current deposits
Other non-current assets
Lease rental receivables - interest portion
Accounts and notes payable
Income tax payable
Customer advances and deposits and deferred revenue
Accrued expenses and other liabilities
Amounts due to related parties
Other non-current liabilities
Operating lease liabilities
Net cash used in continuing operating activities
Net cash used in discontinued operating activities

Net cash used in operating activities
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property and equipment
Origination of lease rental and other financing receivables
Receipt of repayment on lease and other financing receivables-principal portion
Disposal of property and equipment and intangible assets to third parties
Disposal of property and equipment and intangible assets to a related party
Cash paid for business acquisitions (net of cash acquired of nil, for the year ended December 31, 2021)
Acquisition of intangible assets
Disposal of long-term investments
Acquisition of long-term investments
Proceeds from disposal of subsidiaries (net of cash disposed of nil, 576,051 and nil for the years ended December 31, 2020, 2021 and 2022, respectively)
Proceeds from disposal of subsidiaries (net of cash disposed of RMB3,550,235, nil, andRMB445(US$63) for the year ended December 31, 2021, 2022 and 2023, respectively)
Proceeds from maturities of short-term investments
Purchase of short-term investments
Other investing activities, net
Net cash generated from continuing investing activities
Net cash used in discontinued investing activities
Net cash generated from investing activities
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from short-term bank loans
Proceeds from long-term bank loans
Repayment of short-term bank loans
Repayment of long-term bank loans
Proceeds from loan from a related party
Repayment of loan from a related party
Proceeds from other financing activities
Principal repayment of financing lease liabilities
Proceeds from issuance of series A preferred shares of a subsidiary, net of issuance cost
Proceeds from convertible senior notes held by a related party, net of issuance costs
Proceeds from convertible senior notes held by third parties, net of issuance costs
Purchase of capped calls
Borrowings for machinery and electronic equipment
Principal repayment of borrowings for machinery and electronic equipment loans
Proceeds from long-term borrowings, net of issuance costs
Principal repayment of long-term borrowings
Redemption of convertible senior notes held by a related party
Redemption of convertible senior notes held by third parties
Principal repayment of other financing activities
Contributions from non-controlling interest shareholders
Proceeds from the exercise of share options
Repurchase of ordinary shares
Net cash used in continuing financing activities
Net cash used in discontinued financing activities
Net cash used in financing activities

Exchange rate effect on cash, cash equivalents and restricted cash
Net increase (decrease) in cash, cash equivalents and restricted cash
Cash, cash equivalents and restricted cash at the beginning of the year
Cash, cash equivalents and restricted cash at the end of the year
Supplemental disclosures of cash flow information:
Income taxes paid
Interest expense paid
Supplemental disclosures of non-cash investing and financing activities:
Purchase of property and equipment included in accrued expenses and other liabilities
Acquisition of property and equipment through financing leases
Purchase consideration for business acquisitions included in accrued expenses and other liabilities

Reconciliation of cash, cash equivalents and restricted cash:
Cash and cash equivalents
Restricted cash - current
Restricted cash - non-current

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