2023 Q4 Form 20-F Financial Statement

#000110465924051610 Filed on April 25, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023 2022 Q4
Revenue $88.88B $247.6B $39.82B
YoY Change 123.21% 89.68% 46.23%
Cost Of Revenue $35.08B $91.72B $8.927B
YoY Change 292.96% 191.53% 37.01%
Gross Profit $53.80B $155.9B $30.89B
YoY Change 74.16% 57.34% 49.13%
Gross Profit Margin 60.53% 62.96% 77.58%
Selling, General & Admin $28.54B $86.26B $19.37B
YoY Change 47.34% 47.94% 64.38%
% of Gross Profit 53.05% 55.33% 62.71%
Research & Development $2.864B $10.95B $2.407B
YoY Change 19.02% 5.47% 18.99%
% of Gross Profit 5.32% 7.02% 7.79%
Depreciation & Amortization $786.2M
YoY Change 235.66%
% of Gross Profit 0.5%
Operating Expenses $31.41B $97.22B $21.78B
YoY Change 44.21% 41.52% 57.73%
Operating Profit $22.39B $58.70B $9.114B
YoY Change 145.73% 93.08% 31.95%
Interest Expense $4.137B $10.23B $1.237B
YoY Change 234.53% 180.87% 82.87%
% of Operating Profit 18.47% 17.42% 13.57%
Other Income/Expense, Net $328.2M $2.953B $168.8M
YoY Change 94.4% 32.92% 46.69%
Pretax Income $26.86B $71.88B $10.52B
YoY Change 155.34% 98.2% 36.64%
Income Tax $3.580B $11.85B $1.066B
% Of Pretax Income 13.33% 16.49% 10.13%
Net Earnings $23.28B $60.03B $9.454B
YoY Change 146.26% 90.33% 42.81%
Net Earnings / Revenue 26.19% 24.24% 23.74%
Basic Earnings Per Share $1.56
Diluted Earnings Per Share $3.96 $10.28 $1.63
COMMON SHARES
Basic Shares Outstanding 5.416B
Diluted Shares Outstanding 5.840B

Balance Sheet

Concept 2023 Q4 2023 2022 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $217.2B $217.2B $149.4B
YoY Change 45.35% 45.35% 60.78%
Cash & Equivalents $59.79B $59.79B $34.33B
Short-Term Investments $157.4B $157.4B $115.1B
Other Short-Term Assets $66.20B $66.20B $60.27B
YoY Change 9.83% 9.83% -2.77%
Inventory
Prepaid Expenses $186.8M $140.1M
Receivables
Other Receivables $1.046B $6.319B
Total Short-Term Assets $294.8B $294.8B $216.6B
YoY Change 36.07% 36.07% 34.62%
LONG-TERM ASSETS
Property, Plant & Equipment $5.084B $5.084B $2.461B
YoY Change 106.61% 106.61% -21.67%
Goodwill
YoY Change
Intangibles $2.979M $19.43M
YoY Change -84.67% -97.23%
Long-Term Investments
YoY Change
Other Assets $48.22B $48.22B $17.91B
YoY Change 169.29% 169.29% 8.81%
Total Long-Term Assets $53.33B $53.33B $20.50B
YoY Change 160.11% 160.11% 0.99%
TOTAL ASSETS
Total Short-Term Assets $294.8B $294.8B $216.6B
Total Long-Term Assets $53.33B $53.33B $20.50B
Total Assets $348.1B $348.1B $237.1B
YoY Change 46.79% 46.79% 30.85%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $75.00B $75.00B $63.32B
YoY Change 18.45% 18.45% -1.78%
Accrued Expenses $56.99B $56.99B $21.56B
YoY Change 164.31% 164.31% 257.65%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $13.89B
YoY Change -100.0% -100.0%
Long-Term Debt Due $648.6M $648.6M $13.89B
YoY Change -95.33% -95.33%
Total Short-Term Liabilities $152.9B $152.9B $116.9B
YoY Change 30.81% 30.81% 24.71%
LONG-TERM LIABILITIES
Long-Term Debt $5.232B $5.232B $1.576B
YoY Change 232.0% 232.0% -86.63%
Other Long-Term Liabilities $2.644B $2.644B $870.8M
YoY Change 203.66% 203.66% 59.7%
Total Long-Term Liabilities $7.876B $7.876B $2.447B
YoY Change 221.92% 221.92% -80.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $152.9B $152.9B $116.9B
Total Long-Term Liabilities $7.876B $7.876B $2.447B
Total Liabilities $160.8B $160.8B $119.3B
YoY Change 34.76% 34.76% 12.49%
SHAREHOLDERS EQUITY
Retained Earnings $10.58B $2.203B
YoY Change 380.31% -112.44%
Common Stock $25.00K $170.0K
YoY Change -85.29%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $187.2B $187.2B $117.8B
YoY Change
Total Liabilities & Shareholders Equity $348.1B $348.1B $237.1B
YoY Change 46.79% 46.79% 30.85%

Cashflow Statement

Concept 2023 Q4 2023 2022 Q4
OPERATING ACTIVITIES
Net Income $23.28B $60.03B $9.454B
YoY Change 146.26% 90.33% 42.81%
Depreciation, Depletion And Amortization $786.2M
YoY Change 235.66%
Cash From Operating Activities $36.89B $94.16B $26.55B
YoY Change 38.95% 94.12% 61.89%
INVESTING ACTIVITIES
Capital Expenditures $583.9M
YoY Change -8.15%
Acquisitions
YoY Change
Other Investing Activities -$16.47B -$55.43B -$8.560B
YoY Change 92.42% 147.89% -32.56%
Cash From Investing Activities -$16.47B -$55.43B -$8.560B
YoY Change 92.42% 147.89% -32.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -8.968B -8.961B 9.079M
YoY Change -98880.67% -89003.92% 4604.15%
NET CHANGE
Cash From Operating Activities 36.89B 94.16B 26.55B
Cash From Investing Activities -16.47B -55.43B -8.560B
Cash From Financing Activities -8.968B -8.961B 9.079M
Net Change In Cash 11.45B 29.77B 18.00B
YoY Change -36.38% 13.82% 385.49%
FREE CASH FLOW
Cash From Operating Activities $36.89B $94.16B $26.55B
Capital Expenditures $583.9M
Free Cash Flow $93.58B
YoY Change 95.48%

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EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
100177000
CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-291139000
CY2023 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-41006000
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-8799665000
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
26256446000
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
29479488000
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
4152099000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
74843636000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
66043971000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
92300417000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
13000242000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
66043971000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
92300417000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
121779905000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
17152341000
CY2021 pdd Cash Interest Received
CashInterestReceived
2936860000
CY2022 pdd Cash Interest Received
CashInterestReceived
3567738000
CY2023 pdd Cash Interest Received
CashInterestReceived
7273373000
CY2023 pdd Cash Interest Received
CashInterestReceived
1024433000
CY2022 us-gaap Income Taxes Paid
IncomeTaxesPaid
4881252000
CY2023 us-gaap Income Taxes Paid
IncomeTaxesPaid
5764435000
CY2023 us-gaap Income Taxes Paid
IncomeTaxesPaid
811904000
CY2021 pdd Right Of Use Assets And Lease Liabilities Recognized
RightOfUseAssetsAndLeaseLiabilitiesRecognized
704142000
CY2022 pdd Right Of Use Assets And Lease Liabilities Recognized
RightOfUseAssetsAndLeaseLiabilitiesRecognized
1068063000
CY2023 pdd Right Of Use Assets And Lease Liabilities Recognized
RightOfUseAssetsAndLeaseLiabilitiesRecognized
3918460000
CY2023 pdd Right Of Use Assets And Lease Liabilities Recognized
RightOfUseAssetsAndLeaseLiabilitiesRecognized
551904000
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
194385000
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
136411000
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
257211000
CY2023 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
36227000
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
6426715000
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
34326192000
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
59794469000
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
8421875000
CY2021Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
59617256000
CY2022Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
57974225000
CY2023Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
61985436000
CY2023Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
8730466000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
66043971000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
92300417000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
121779905000
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
17152341000
CY2023Q4 us-gaap Capital Units Net Amount
CapitalUnitsNetAmount
121000000
CY2023Q4 pdd Prc Statutory Reserves
PrcStatutoryReserves
5889000
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<table style="border-collapse:collapse;border:0;"><tr><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin-bottom:10pt;margin-top:0pt;"><span style="font-style:italic;">(c)</span></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin-bottom:10pt;margin-top:0pt;"><span style="font-style:italic;">Use of estimates</span></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 10pt 18pt;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the balance sheet dates and revenues and expenses during the reporting periods. Significant accounting estimates reflected in the Group’s consolidated financial statements include, but are not limited to allowance for doubtful accounts arising from expected credit losses, economic lives and impairment of long-lived assets, commitments and contingencies, valuation of short-term and long-term investments, valuation allowance for deferred tax assets, uncertain tax position, valuation for share-based compensation and incremental borrowing rates for operating lease liabilities. Changes in facts and circumstances may result in revised estimates. Actual results could differ from those estimates, and as such, differences may be material to the consolidated financial statements.</p>
CY2021 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0
CY2022 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0
CY2023 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0
CY2021 us-gaap Advertising Expense
AdvertisingExpense
41456838000
CY2022 us-gaap Advertising Expense
AdvertisingExpense
49971418000
CY2023 us-gaap Advertising Expense
AdvertisingExpense
76428811000
CY2023 us-gaap Advertising Expense
AdvertisingExpense
10764773000
CY2023 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1
CY2023 us-gaap Comparability Of Prior Year Financial Data
ComparabilityOfPriorYearFinancialData
<table style="border-collapse:collapse;border:0;"><tr><td style="vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin-bottom:12pt;margin-top:0pt;"><span style="font-style:italic;">(z)</span></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin-bottom:12pt;margin-top:0pt;"><span style="font-style:italic;">Comparatives</span></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 18pt;">Certain prior period amounts have been reclassified to conform to the current period presentation.</p>
CY2021 pdd Foreign Currency Exchange Percentage Of Appreciation Depreciation Of Functional Currency Against Reporting Currency
ForeignCurrencyExchangePercentageOfAppreciationDepreciationOfFunctionalCurrencyAgainstReportingCurrency
-0.023
CY2022 pdd Foreign Currency Exchange Percentage Of Appreciation Depreciation Of Functional Currency Against Reporting Currency
ForeignCurrencyExchangePercentageOfAppreciationDepreciationOfFunctionalCurrencyAgainstReportingCurrency
0.092
CY2023 pdd Foreign Currency Exchange Percentage Of Appreciation Depreciation Of Functional Currency Against Reporting Currency
ForeignCurrencyExchangePercentageOfAppreciationDepreciationOfFunctionalCurrencyAgainstReportingCurrency
0.017
CY2022Q4 us-gaap Debt Securities Held To Maturity Excluding Accrued Interest After Allowance For Credit Loss Current
DebtSecuritiesHeldToMaturityExcludingAccruedInterestAfterAllowanceForCreditLossCurrent
113872353000
CY2023Q4 us-gaap Debt Securities Held To Maturity Excluding Accrued Interest After Allowance For Credit Loss Current
DebtSecuritiesHeldToMaturityExcludingAccruedInterestAfterAllowanceForCreditLossCurrent
139740216000
CY2023Q4 us-gaap Debt Securities Held To Maturity Excluding Accrued Interest After Allowance For Credit Loss Current
DebtSecuritiesHeldToMaturityExcludingAccruedInterestAfterAllowanceForCreditLossCurrent
19681997000
CY2022Q4 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
6917000
CY2023Q4 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
17151086000
CY2023Q4 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
2415680000
CY2022Q4 pdd Investments In Convertible Bonds
InvestmentsInConvertibleBonds
1233284000
CY2023Q4 pdd Investments In Convertible Bonds
InvestmentsInConvertibleBonds
524063000
CY2023Q4 pdd Investments In Convertible Bonds
InvestmentsInConvertibleBonds
73813000
CY2022Q4 us-gaap Short Term Investments
ShortTermInvestments
115112554000
CY2023Q4 us-gaap Short Term Investments
ShortTermInvestments
157415365000
CY2023Q4 us-gaap Short Term Investments
ShortTermInvestments
22171490000
CY2022Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
0
CY2023Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
0
CY2022Q4 us-gaap Marketable Securities
MarketableSecurities
6828000
CY2023Q4 us-gaap Marketable Securities
MarketableSecurities
15351531000
CY2023Q4 us-gaap Marketable Securities
MarketableSecurities
2162218000
CY2022 pdd Trading Securities Gross Unrealized Holding Gain Loss
TradingSecuritiesGrossUnrealizedHoldingGainLoss
89000
CY2023 pdd Trading Securities Gross Unrealized Holding Gain Loss
TradingSecuritiesGrossUnrealizedHoldingGainLoss
1799555000
CY2023 pdd Trading Securities Gross Unrealized Holding Gain Loss
TradingSecuritiesGrossUnrealizedHoldingGainLoss
253462000
CY2021 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
1093654000
CY2022 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
2442413000
CY2023 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
5750934000
CY2023 us-gaap Interest Income Deposits With Financial Institutions
InterestIncomeDepositsWithFinancialInstitutions
810002000
CY2022Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
1233284000
CY2023Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
524063000
CY2023Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
73813000
CY2021 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
67065000
CY2022 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
221640000
CY2023 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
749967000
CY2023 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
105631000
CY2022Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
966439000
CY2023Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
1326294000
CY2023Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
186805000
CY2022Q4 pdd Vat Recoverable And Receivable
VatRecoverableAndReceivable
326427000
CY2023Q4 pdd Vat Recoverable And Receivable
VatRecoverableAndReceivable
871593000
CY2023Q4 pdd Vat Recoverable And Receivable
VatRecoverableAndReceivable
122761000
CY2022Q4 us-gaap Interest Receivable Current
InterestReceivableCurrent
119564000
CY2023Q4 us-gaap Interest Receivable Current
InterestReceivableCurrent
367001000
CY2023Q4 us-gaap Interest Receivable Current
InterestReceivableCurrent
51691000
CY2022Q4 pdd Rental And Other Deposits Current
RentalAndOtherDepositsCurrent
86915000
CY2023Q4 pdd Rental And Other Deposits Current
RentalAndOtherDepositsCurrent
119455000
CY2023Q4 pdd Rental And Other Deposits Current
RentalAndOtherDepositsCurrent
16825000
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
799034000
CY2023Q4 us-gaap Other Assets Current
OtherAssetsCurrent
1528672000
CY2023Q4 us-gaap Other Assets Current
OtherAssetsCurrent
215308000
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
2298379000
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
4213015000
CY2023Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
593390000
CY2022 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
CY2023 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3622110000
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
4219638000
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
594323000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2577263000
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
3240041000
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
456350000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1044847000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
979597000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
137973000
CY2021 us-gaap Depreciation
Depreciation
911964000
CY2022 us-gaap Depreciation
Depreciation
1615551000
CY2023 us-gaap Depreciation
Depreciation
672020000
CY2023 us-gaap Depreciation
Depreciation
94652000
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
701220000
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
134002000
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
18874000
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
608618000
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
114215000
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
16087000
CY2022 us-gaap Finite Lived Intangible Assets Foreign Currency Translation Gain Loss
FiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
41400000
CY2023 us-gaap Finite Lived Intangible Assets Foreign Currency Translation Gain Loss
FiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
1361000
CY2023 us-gaap Finite Lived Intangible Assets Foreign Currency Translation Gain Loss
FiniteLivedIntangibleAssetsForeignCurrencyTranslationGainLoss
192000
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
134002000
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
21148000
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2979000
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
583416000
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
608618000
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
114215000
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
16087000
CY2021 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
3007000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
424000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
3007000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
424000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
3007000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
424000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
3007000
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
424000
CY2023Q4 pdd Finite Lived Intangible Asset Expected Amortization Year Five And After
FiniteLivedIntangibleAssetExpectedAmortizationYearFiveAndAfter
9120000
CY2023Q4 pdd Finite Lived Intangible Asset Expected Amortization Year Five And After
FiniteLivedIntangibleAssetExpectedAmortizationYearFiveAndAfter
1283000
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
385377000
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
557477000
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
1200344000
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
169065000
CY2021 us-gaap Short Term Lease Cost
ShortTermLeaseCost
141507000
CY2022 us-gaap Short Term Lease Cost
ShortTermLeaseCost
174402000
CY2023 us-gaap Short Term Lease Cost
ShortTermLeaseCost
178288000
CY2023 us-gaap Short Term Lease Cost
ShortTermLeaseCost
25111000
CY2021 us-gaap Lease Cost
LeaseCost
0
CY2022 us-gaap Lease Cost
LeaseCost
0
CY2023 us-gaap Lease Cost
LeaseCost
0
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1763815000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
248428000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1380948000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
194502000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
758834000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
106880000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
418912000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
59003000
CY2023Q4 pdd Lessee Operating Lease Liability To Be Paid Year Five And After Year Five
LesseeOperatingLeaseLiabilityToBePaidYearFiveAndAfterYearFive
206396000
CY2023Q4 pdd Lessee Operating Lease Liability To Be Paid Year Five And After Year Five
LesseeOperatingLeaseLiabilityToBePaidYearFiveAndAfterYearFive
29070000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
4528905000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
637883000
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
243097000
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
34240000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
4285808000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
603643000
CY2023 pdd Operating Leases Held Not Commenced
OperatingLeasesHeldNotCommenced
0
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y8M26D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y10M13D
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y25D
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0438
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0405
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0344
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
388144000
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
534784000
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
1075598000
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
151495000
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
704142000
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1068063000
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3918460000
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
551904000
CY2022Q4 us-gaap Debt Securities Held To Maturity Accrued Interest After Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAccruedInterestAfterAllowanceForCreditLoss
11040283000
CY2023Q4 us-gaap Debt Securities Held To Maturity Accrued Interest After Allowance For Credit Loss
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