← HUYA Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income From Continuing Operations | — | — | — | — | — | — | ($547.7m) | ($204.5m) | ($48.0m) | ($112.6m) | |
| Net Income (Loss) Attributable to Parent | — | ($81.0m) | ($281.8m) | $67.2m | $135.5m | $91.6m | ($70.6m) | ($28.8m) | ($6.6m) | ($16.1m) | |
| Net Income (Loss) Available to Common Stockholders, Basic | — | ($100.8m) | ($364.5m) | $67.2m | $135.5m | $91.6m | ($70.6m) | ($28.8m) | ($6.6m) | ($16.1m) | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | ($81.0m) | ($281.8m) | $67.2m | $135.5m | $91.6m | ($70.6m) | ($28.8m) | ($6.6m) | ($16.1m) | |
| Amortization of Intangible Assets | — | $804k | $1.2m | $2.5m | $6.8m | $6.2m | $5.5m | $7.7m | $5.0m | $5.7m | |
| Depreciation | — | $6.9m | $3.9m | $6.5m | $9.0m | $7.8m | $6.3m | $6.6m | $5.5m | $5.1m | |
| Depreciation of property and equipment | $4.2m | $6.9m | $26.8m | $45.5m | $58.4m | $49.9m | $43.4m | $46.8m | $39.9m | $35.5m | |
| Amortization of acquired intangible assets | $312k | $804k | $8.2m | $17.1m | $44.4m | $39.2m | $38.0m | $54.3m | $36.6m | $39.5m | |
| Amortization of right-of-use assets | — | — | — | $25.2m | $28.4m | $35.9m | $41.6m | $39.3m | $37.5m | $33.0m | |
| Amortization Cash Flow | — | — | — | — | — | — | $58.6m | $54.3m | $36.6m | $39.5m | |
| Amortization Of Intangibles | — | — | — | — | — | — | $58.6m | $54.3m | $36.6m | $39.5m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $143.6m | $140.4m | $114.0m | $108.0m | |
| Deferred Income Tax Expense (Benefit) | — | $0 | ($7.4m) | ($2.1m) | $2.9m | $5.0m | $3.0m | ($564k) | ($554k) | ($580k) | |
| Deferred income tax benefits | $0 | $0 | ($50.9m) | ($14.9m) | $18.6m | $32.1m | $21.0m | ($4.0m) | ($4.0m) | ($4.1m) | |
| Deferred Income Tax | — | — | — | — | — | — | $17.5m | ($4.0m) | ($4.0m) | ($4.1m) | |
| Deferred Tax | — | — | — | — | — | — | $17.5m | ($4.0m) | ($4.0m) | ($4.1m) | |
| Share-based Payment Arrangement, Noncash Expense | — | $40.1m | $33.0m | $40.5m | $62.6m | $45.5m | $22.7m | $11.0m | $8.8m | $10.5m | |
| Share-based Payment Arrangement, Expense | — | $40.1m | $226.7m | $281.7m | $408.2m | $289.7m | $156.5m | $78.3m | — | $10.5m | |
| Equity Method Investment, Other than Temporary Impairment | — | — | — | — | — | — | $414k | $0 | $0 | $0 | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | — | — | — | — | $8.0m | $210.8m | $166.1m | $43.7m | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | — | $0 | $0 | $0 | |
| Share-based compensation | $52.1m | $40.1m | $226.7m | $281.7m | $408.2m | $289.7m | $156.5m | $78.3m | $64.5m | $73.6m | |
| Impairment loss of investments | — | — | — | — | $0 | $0 | $55.2m | $225.8m | $232.5m | $120.2m | |
| Asset Impairment Charge | — | — | — | — | — | — | $89.8m | $225.8m | $232.5m | $120.2m | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | — | — | $10.0m | — | — | $378.7m | — | — | — | — | |
| Gain (Loss) on Disposition of Other Assets | — | — | — | — | — | — | — | — | — | $746k | |
| Gain (Loss) on Disposition of Property Plant Equipment | $0 | $16k | $10k | $159k | $971k | $1.8m | ($201k) | $84k | $113k | $133k | |
| Income (Loss) from Equity Method Investments | — | ($151k) | $16.5m | ($399k) | $4.4m | $59.5m | ($76k) | $0 | $0 | ($385k) | |
| Income Tax Expense (Benefit) | — | — | ($50.9m) | $96.1m | $176.8m | $8.7m | $4.0m | $1.9m | $1.8m | $1.8m | |
| Share of loss in equity method investments, net of income taxes | $0 | $151k | ($113.3m) | $2.8m | ($28.4m) | ($379.2m) | $520k | $0 | $0 | $2.7m | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | $520k | $0 | $0 | $2.7m | |
| Income (Loss) from Equity Method Investments, Net of Dividends or Distributions | — | $0 | $370k | $3.1m | — | — | — | — | — | — | |
| Changes in operating assets and liabilities: | |||||||||||
| Noncash investing and financing activities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | — | $27.4m | $2.1m | $2.6m | $2.0m | $2.5m | ($1.7m) | ($663k) | $1.2m | $23.4m | |
| Increase (Decrease) in Accounts Payable | — | $1.1m | ($539k) | $13k | $657k | $602k | ($442k) | $630k | $6.9m | $25.1m | |
| Accounts Receivable, Credit Loss Expense (Reversal) | — | $500k | $92k | — | — | ($370k) | ($16k) | $1.9m | ($794k) | $9.7m | |
| Proceeds from Stock Options Exercised | — | — | — | $3.3m | $40.7m | $1.7m | $877k | $18k | $93k | $0 | |
| Purchases of property and equipment, accrued but unpaid | — | $37.2m | $10.9m | $8.8m | $8.3m | $6.2m | $22.7m | $17.4m | $25.5m | $24.0m | |
| Fair Value, Option, Changes in Fair Value, Gain (Loss) | — | — | — | — | — | $44.2m | $7.6m | $0 | $0 | $0 | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | $0 | $7k | $166k | $315k | ($232k) | ($348k) | ($224k) | ($521k) | ($961k) | |
| General and Administrative Expense | — | $102.0m | $41.8m | $50.7m | $68.2m | $51.3m | $46.5m | $45.2m | $34.9m | $44.2m | |
| Goodwill | — | — | — | — | — | — | — | $64.4m | $63.5m | $64.8m | |
| Investment Income, Interest | — | $14.0m | $22.8m | $43.7m | $48.0m | $38.8m | $43.2m | $67.6m | $53.6m | $27.3m | |
| Operating Expenses | — | $359.4m | $107.9m | $186.7m | $266.2m | $299.0m | $215.1m | $188.7m | $142.7m | $153.3m | |
| Proceeds from Contributions from Affiliates | — | $100.0m | — | — | — | — | — | — | — | — | |
| Proceeds from Contributions from Parent | — | $164.9m | — | — | — | — | — | — | — | — | |
| Provision for Loan, Lease, and Other Losses | — | — | — | — | ($155k) | $0 | — | — | — | — | |
| Net loss attributable to HUYA Inc. | ($625.6m) | ($81.0m) | ($1.9b) | $468.2m | $884.2m | $583.5m | ($486.7m) | ($204.5m) | ($48.0m) | ($112.6m) | |
| Allowance (Reversal of) for expected credit losses | $0 | $500k | $632k | $0 | $517k | ($2.4m) | ($107k) | $13.4m | ($5.8m) | $67.8m | |
| Foreign currency exchange losses, net | — | — | — | ($1.2m) | ($2.1m) | $1.5m | $2.4m | $1.6m | $3.8m | $6.7m | |
| Gains on disposal of investments | — | — | — | — | — | — | — | $0 | $0 | ($1.5m) | |
| Gains on disposal of other asset | — | — | — | — | — | — | — | $0 | $0 | ($5.2m) | |
| Accounts receivable | ($2.9m) | ($27.4m) | ($14.6m) | ($17.9m) | ($13.1m) | ($16.1m) | $12.0m | $4.7m | ($9.0m) | ($163.7m) | |
| Prepayments and other assets | ($4.3m) | ($21.4m) | ($301.7m) | ($115.4m) | ($59.3m) | ($245.6m) | $57.9m | $36.3m | $50.1m | $26.3m | |
| Prepaid assets and amounts due from related parties | — | — | — | — | — | — | $88.9m | ($88.9m) | ($59.0m) | ($83.1m) | |
| Accounts payable | $2.7m | $1.1m | ($3.7m) | $90k | $4.3m | $3.8m | ($3.0m) | $4.5m | $50.3m | $175.6m | |
| Amounts due to related parties | ($3.8m) | $8.2m | $26.3m | $44.4m | $16.4m | $120.7m | ($134.8m) | $15.3m | $12.6m | ($11.4m) | |
| Advances from customers and deferred revenue | — | — | $272.1m | $446.4m | ($346.9m) | ($85.5m) | ($59.5m) | ($60.1m) | ($158.2m) | ($41.4m) | |
| Lease liabilities | — | — | — | ($23.5m) | ($28.6m) | ($38.9m) | ($34.9m) | ($31.7m) | ($29.2m) | ($25.4m) | |
| Accrued liabilities and other current liabilities | $126.5m | $174.6m | $428.7m | $607.3m | $246.5m | $138.1m | ($250.3m) | ($183.5m) | ($124.0m) | ($314.6m) | |
| Income tax payable | — | — | — | $26.1m | $30.8m | ($53.5m) | $23.0m | $21.0m | $4.7m | $6.9m | |
| Placements of short-term deposits | ($95.0m) | ($1.3b) | ($5.8b) | ($7.2b) | ($7.9b) | ($7.1b) | ($8.5b) | ($6.1b) | ($3.4b) | ($3.5b) | |
| Maturities of short-term deposits | — | $759.5m | $1.8b | $5.6b | $8.4b | $4.6b | $8.3b | $8.3b | $7.3b | $5.8b | |
| Placements of short-term investments | — | — | ($863.8m) | ($3.7b) | ($2.2b) | ($1.9b) | $0 | $0 | ($10.0m) | ($1.3b) | |
| Placements of long-term deposits | — | — | — | — | $0 | $0 | ($1.1b) | ($2.1b) | ($60.0m) | — | |
| Maturities of long-term deposits | — | — | — | — | — | $0 | $0 | $714.7m | $140.0m | $50.0m | |
| Purchase of intangible assets | ($1.1m) | ($6.2m) | ($52.6m) | ($10.2m) | ($63.6m) | ($58.6m) | ($8.4m) | ($8.1m) | ($24.2m) | ($21.0m) | |
| Cash paid for long-term investments | — | ($10.4m) | ($86.2m) | ($92.9m) | ($102.0m) | ($284.1m) | ($244.5m) | ($68.3m) | $0 | ($24.0m) | |
| Cash consideration paid for business combination under common control | — | — | — | — | — | $0 | $0 | ($546.1m) | ($28.8m) | — | |
| Cash received from disposal of investments | — | — | — | — | — | — | — | $0 | $0 | $3.0m | |
| Proceeds from disposal of other assets | — | — | — | — | — | — | — | $0 | $0 | $3.7m | |
| Repurchase of shares | — | — | — | — | — | $0 | $0 | ($202.4m) | ($247.9m) | ($90.3m) | |
| Proceeds from exercise of vested share options | — | — | — | $22.9m | $265.3m | $10.7m | $6.0m | $128k | $680k | $0 | |
| - Unpaid cash consideration for repurchase of treasury shares | — | — | — | — | — | — | — | ($3.9m) | ($4.4m) | — | |
| - Acquisition of property and equipment, included with accrued liabilities and other current liabilities | — | $2.0m | $9.2m | $3.6m | $5.6m | $4.3m | $17.8m | $62.4m | $73.3m | $61.5m | |
| Beginning Cash Position | — | — | — | — | — | — | $1.8b | $698.1m | $530.1m | $1.2b | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $6.0m | ($202.3m) | ($3.1b) | ($2.5b) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($848.6m) | $53.2m | $3.7b | $2.2b | |
| Change In Account Payable | — | — | — | — | — | — | ($3.0m) | $4.5m | $50.3m | $175.6m | |
| Change In Accrued Expense | — | — | — | — | — | — | ($248.8m) | ($183.5m) | ($124.0m) | ($314.6m) | |
| Change In Income Tax Payable | — | — | — | — | — | — | $23.0m | $21.0m | $4.7m | $6.9m | |
| Change In Other Current Liabilities | — | — | — | — | — | — | ($34.9m) | ($31.7m) | ($29.2m) | ($25.4m) | |
| Change In Other Working Capital | — | — | — | — | — | — | $30.7m | ($149.0m) | ($217.2m) | ($124.6m) | |
| Change In Payable | — | — | — | — | — | — | ($63.0m) | $40.7m | $67.5m | $171.2m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | ($311.9m) | ($142.8m) | ($56.5m) | ($143.5m) | |
| Change In Prepaid Assets | — | — | — | — | — | — | $57.7m | $36.3m | $50.1m | $26.3m | |
| Change In Receivables | — | — | — | — | — | — | $3.6m | $4.7m | ($9.0m) | ($163.7m) | |
| Change In Tax Payable | — | — | — | — | — | — | $23.0m | $21.0m | $4.7m | $6.9m | |
| Change In Working Capital | — | — | — | — | — | — | ($254.8m) | ($282.4m) | ($261.8m) | ($430.9m) | |
| Changes In Account Receivables | — | — | — | — | — | — | $3.6m | $4.7m | ($9.0m) | ($163.7m) | |
| Changes In Cash | — | — | — | — | — | — | ($1.2b) | ($181.2m) | $668.1m | ($489.1m) | |
| End Cash Position | — | — | — | — | — | — | $698.1m | $530.1m | $1.2b | $704.7m | |
| Financing Cash Flow | — | — | — | — | — | — | $6.0m | ($202.3m) | ($3.1b) | ($2.5b) | |
| Free Cash Flow | — | — | — | — | — | — | ($565.1m) | ($163.4m) | ($116.2m) | ($365.0m) | |
| Gain Loss On Investment Securities | — | — | — | — | — | ($16.3m) | ($2.1m) | — | — | ($6.7m) | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | $1.4m | ($594k) | ($831k) | ($928k) | |
| Investing Cash Flow | — | — | — | — | — | — | ($848.6m) | $53.2m | $3.7b | $2.2b | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $0 | ($546.1m) | ($28.8m) | $0 | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | — | — | — | $2.5m | $1.6m | $3.8m | $6.7m | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | — | ($8.4m) | ($8.1m) | ($24.2m) | ($21.0m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($155.2m) | ($122.1m) | ($185.9m) | ($166.8m) | |
| Operating Gains Losses | — | — | — | — | — | — | $2.3m | $999k | $3.0m | $1.8m | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $6.0m | $128k | $680k | $0 | |
| Provisionand Write Offof Assets | — | — | — | — | — | — | ($107k) | $13.4m | ($5.8m) | $67.8m | |
| Purchase Of Business | — | — | — | — | — | — | $0 | ($546.1m) | ($28.8m) | $0 | |
| Purchase Of Intangibles | — | — | — | — | — | — | ($8.4m) | ($8.1m) | ($24.2m) | ($21.0m) | |
| Purchase Of PPE | — | — | — | — | — | — | ($156.3m) | ($123.2m) | ($186.3m) | ($167.8m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | $0 | ($202.4m) | ($247.9m) | ($90.3m) | |
| Sale Of PPE | — | — | — | — | — | — | $1.1m | $1.1m | $378k | $1.1m | |
| Stock Based Compensation | — | — | — | — | — | — | $156.5m | $78.3m | $64.5m | $73.6m | |
| Unrealized Gain Loss On Investment Securities | — | — | — | — | — | ($44.2m) | ($7.6m) | $0 | $0 | — | |
| Other Operating Income (Expense), Net | — | — | — | — | — | — | — | $11.4m | $5.8m | $5.4m | |
| Net Cash Provided by (Used in) Operating Activities | ($420.5m) | $242.4m | $104.3m | $279.4m | $190.0m | $51.4m | ($63.4m) | ($4.5m) | $12.9m | ($25.2m) | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | ($3k) | $37.2m | $10.9m | $8.8m | $8.3m | $6.2m | $22.7m | $17.4m | $25.5m | $24.0m | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($684.9m) | $729.5m | $3.9b | $2.4b | |
| Purchase Of Investment | — | — | — | — | — | — | ($9.8b) | ($8.3b) | ($3.5b) | ($4.8b) | |
| Gain (Loss) on Sale of Investments | — | — | — | — | — | — | — | — | — | $214k | |
| Maturities of short-term investments | — | — | $566.1m | $1.8b | $3.2b | $2.4b | $815.3m | $3.1m | $10.0m | $1.3b | |
| Sale Of Investment | — | — | — | — | — | — | $9.1b | $9.0b | $7.4b | $7.2b | |
| Net Cash Provided by (Used in) Investing Activities | ($96.1m) | ($559.6m) | ($664.3m) | ($529.3m) | $154.0m | ($295.1m) | ($123.0m) | $7.5m | $504.0m | $312.5m | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Common Stock | — | — | $175.7m | — | — | — | — | — | — | — | |
| Net Common Stock Issuance | — | — | — | — | — | — | $0 | ($202.4m) | ($247.9m) | ($90.3m) | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | — | — | $28.5m | $34.0m | $12.9m | |
| Payments of Ordinary Dividends, Common Stock | — | — | — | — | — | — | — | — | $391 | $344 | |
| Common Stock Payments | — | — | — | — | — | — | $0 | ($202.4m) | ($247.9m) | ($90.3m) | |
| Dividends paid to shareholders | — | — | — | — | — | — | $0 | $0 | ($2.9b) | ($2.4b) | |
| Cash Dividends Paid | — | — | — | — | — | — | $0 | $0 | ($2.9b) | ($2.4b) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | $0 | $0 | ($2.9b) | ($2.4b) | |
| Net Cash Provided by (Used in) Financing Activities | $522.8m | $774.4m | $600.2m | $306.5m | $40.7m | $1.7m | $877k | ($28.5m) | ($425.3m) | ($357.2m) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | ($21.0m) | ($1.5m) | $1.7m | $25.5m | $11.0m | ($13.4m) | ($1.9m) | ($1.1m) | $1.7m | |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash | — | ($21.0m) | ($10.4m) | $11.5m | ($166.1m) | $69.9m | $92.6m | $13.1m | $7.7m | ($12.2m) | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | $94.6m | $13.1m | $7.7m | ($12.2m) | |
| Net (decrease) increase in cash and cash equivalents and restricted cash | $6.2m | $457.3m | $276.9m | $394.1m | $2.5b | ($1.5b) | ($1.3b) | ($181.2m) | $668.1m | ($489.1m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $64.4m | $103.1m | $160.1m | $530.0m | $289.7m | $95.6m | $74.7m | $165.2m | $100.8m | |
| Cash and cash equivalents and restricted cash at the beginning of the year | $6.2m | $442.5m | $709.0m | $1.1b | $3.5b | $1.8b | $659.3m | $530.1m | $1.2b | $704.7m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($1.2b) | ($181.2m) | $668.1m | ($489.1m) | |
| Income Taxes Paid, Net | — | — | — | $12.2m | $28.5m | $15.1m | ($12.7m) | ($1.3m) | ($1.9m) | $875k |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.