KE Holdings Inc.

Annual Trend 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 ($1.4b) $5.9b $4.1b $3.0b
Net Income (Loss) Attributable to Parent ($427.7m) ($2.2b) $425.7m ($82.2m) ($201.0m) $828.6m $556.9m $428.1m
Net Income (Loss) Available to Common Stockholders, Basic ($427.7m) ($4.1b) $110.4m ($82.2m) ($201.0m) $828.6m $556.9m $428.1m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest ($2.2b) $425.8m ($82.3m) ($202.6m) $829.5m $558.7m $427.7m
Net Income (Loss) Attributable to Noncontrolling Interest $3.4m $112k ($100k) ($1.6m) $899k $1.8m ($423k)
Depreciation $562.0m $84.7m $138.0m $133.1m $109.2m $101.9m $133.6m
Amortization of Intangible Assets $138.9m $477.3m $95.2m $77.1m $84.7m $88.3m $36.8m $19.8m
Depreciation of property, plant and equipment $653.4m $562.0m $552.8m $879.7m $918.3m $775.0m $743.7m $934.1m
Amortization Cash Flow $584.5m $627.1m $268.7m $138.3m
Amortization Of Intangibles $584.5m $627.1m $268.7m $138.3m
Depreciation Amortization Depletion $1.5b $1.4b $1.0b $1.1b
Deferred Income Tax Expense (Benefit) ($438.7m) ($55.1m) ($26.7m) $43.8m ($46.3m) $20.1m ($36.2m)
Deferred tax expenses (benefits) ($514.9m) ($438.7m) ($359.4m) ($170.1m) $301.8m ($328.6m) $146.9m ($253.0m)
Deferred Income Tax $301.8m ($328.6m) $146.9m ($253.0m)
Deferred Tax $301.8m ($328.6m) $146.9m ($253.0m)
Share-based Payment Arrangement, Noncash Expense $3.0b $345.2m $241.4m $351.6m $452.9m $373.5m $272.4m
Share-based Payment Arrangement, Expense $3.0b $2.3b $1.5b $2.4b $3.2b $2.7b $1.9b
Equity Method Investment, Other than Temporary Impairment $1.5m $26.7m $457k $0 $1.5m $0 $61.1m
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount $0 $9.0m $28.8m $85.8m $4.1m $1.3m $391k
Goodwill and Intangible Asset Impairment $0 $36.2m $117.2m $21.5m $13.2m $20.8m $16.6m
Goodwill, Impairment Loss $0 $22.7m $732.4m $141.8m $93.4m $98.2m $116.3m
Impairment of Intangible Assets (Excluding Goodwill) $14.3m $6.3m $0
Impairment of Intangible Assets, Finite-lived $0 $213.4m $0
Impairment of goodwill, intangible assets and other long-lived assets $0 $0 $236.1m $746.7m $148.1m $93.4m $151.6m $116.3m
Impairment loss and provision related to equity investments accounted for using equity method $10.4m $103.7m
Impairment loss for equity investments accounted for using measurement alternative $0 $9.0m $183.8m $591.9m $28.8m $9.4m $2.7m
Share-based compensation expenses $382.2m $3.0b $2.3b $1.5b $2.4b $3.2b $2.7b $1.9b
Asset Impairment Charge $739.9m $132.6m $161.0m $230.1m
Income (Loss) from Equity Method Investments $11.4m ($1.7m) $6.2m $6.5m $1.3m $1.4m $2.3m
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property $70.7m ($7.4m) $3.5m ($467k) $653k ($629k) $30k $95.3m
Gain (Loss) on Disposition of Assets ($7.4m) $544k ($73k) $95k ($89k) ($4k) ($19.7m)
Income Tax Expense (Benefit) $904.4m $246.6m $261.4m $245.0m $280.9m $382.5m $241.1m
Operating Lease, Lease Income $6.0b $13.0b $18.5b
Other Nonoperating Income (Expense) $431.3m $161.8m $267.1m $227.4m $263.3m $214.5m $206.7m
Dividend received from equity method investments $8.0m $8.0m $38.6m $76.6m $55.8m $14.9m $15.8m $9.0m
Earnings (Loss)es From Equity Investments ($44.6m) ($9.1m) ($10.2m) ($16.4m)
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $5.0b $894.3m ($415.2m) ($748.2m)
Increase (Decrease) in Inventories $179.0m
Debt and Equity Securities, Unrealized Gain (Loss) $4.0m ($158.7m)
Foreign Currency Transaction Gain (Loss), before Tax ($54.1m) $537k $3.3m ($18.5m) ($13.2m) $46.5m ($7.2m)
General and Administrative Expense $8.4b $1.2b $1.4b $1.1b $1.2b $1.2b $1.2b
Goodwill $2.5b $378.2m $283.4m $715.4m $684.1m $654.5m $666.4m
Inventory Write-down $1.0m
Investment Income, Interest $199.0m $34.7m
Operating Expenses $13.1b $2.1b $2.7b $2.1b $2.4b $2.6b $2.6b
Proceeds from Stock Options Exercised $1k $3k $1k $1k $2k
Financing Receivable, Credit Loss, Expense (Reversal) $38.4m ($4.1m) $19.5m $2.7m ($1.1m) $27.0m $27.1m
Realized Investment Gains (Losses) $104.9m $26.8m $76.5m $115.4m
Unrealized Gain (Loss) on Investments ($109.2m) $55.2m $88.6m ($74.3m) $11.0m $42.9m $66.2m
Provision of allowance for expected credit losses ($2.4m) $418.8m $296.6m $134.2m
Share of results of equity investees ($1.8m) ($11.4m) $10.9m ($39.5m) ($44.6m) ($9.1m) ($10.2m) ($16.4m)
Fair value changes in investments $39.2m $109.2m ($360.1m) ($564.8m) $512.2m ($78.3m) ($312.8m) ($146.4m)
Investment and interest income ($425.9m) ($767.3m) ($1.4b) ($253.0m) $210.3m
Foreign currency exchange loss (gain) ($224k) $54.1m ($3.5m) ($21.0m) $127.4m $94.0m ($339.3m) $50.6m
Accounts receivable and contract assets $2.6b $5.2b $834.7m ($2.4b) $1.5b
Amounts due from and prepayments to related parties ($338.1m) $113.4m $443.0m ($107.0m) $185.4m ($13.3m) $42.4m ($36.4m)
Inventories ($176.7m) ($1.3b) ($1.3b)
Prepayments, receivables and other assets $1.7b ($3.4b) $559.1m $1.5b ($382.7m) ($883.3m) ($269.8m) ($1.0b)
Right-of-use assets ($330.4m) ($493.1m) ($1.2b) ($418.4m) ($3.5b) ($6.3b) ($5.6b) $4.2b
Other non-current assets $1.0m $192.6m $108.7m ($11.3m) ($54.0m) ($29.5m) ($12.4m) ($288.4m)
Accounts payable $1.1b $2.7b $2.3b ($566.7m) ($866.4m) $482.5m $2.5b ($3.3b)
Amounts due to related parties $138.9m $37.8m ($9.4m) $329.8m ($158.4m) $4.7m ($38.9m) ($43.5m)
Employee compensation and welfare payable $909.0m $727.2m $2.1b ($1.4b) ($957.6m) ($1.2b) $268.7m ($1.9b)
Contract liabilities and deferred revenue $921.1m $1.4b $1.4b ($361.6m)
Lease liabilities $401.6m $431.4m $1.3b $588.7m $4.1b $6.1b $4.7b ($4.7b)
Accrued expenses and other current liabilities $82.1m $379.6m $767.2m $80.4m $652.8m $1.6b $1.1b $900.2m
Income taxes payable ($223.2m) $682.3m ($8.3m) ($418.9m) ($41.7m) $156.3m $330.2m ($326.1m)
Other liabilities $10.6m ($83.3m) $53.0m ($909k) ($86k) $2.5m
Disposal of other long-term investments $509.2m $338.7m $132.7m $18.5m
Proceeds from disposal of subsidiaries and long-lived assets $18.5m $19.1m $14.8m $12.2m $15.0m
Financing receivables originated ($15.6b) ($16.2b) ($37.2b) ($33.0b) ($11.5b) ($27.8b) ($58.1b) ($81.6b)
Collections of financing receivables principal $15.8b $14.8b $35.4b $36.3b $11.6b $27.1b $56.6b $83.0b
Loans to related parties and others ($5.0b) ($584.6m) ($30.0m) ($28.1m) ($50.1m) ($47.0m) ($941.6m) ($2.1b)
Repayments of loans from related parties and others $3.0b $675.8m $1.9b $21.7m $19.5m $65.4m $346.2m $1.3b
Repurchase of ordinary shares ($207.1m) ($1.3b) ($5.2b) ($5.1b) ($6.6b)
Proceeds from issuance of ordinary shares upon exercise of share option $7k $3k $2k $2k $2k
Proceeds from short-term borrowings $210.0m $3.3b $250.0m $260.0m $759.0m $426.6m $606.0m $1.0b
Repayments of short-term borrowings ($250.0m) ($2.8b) ($970.0m) ($400.0m) ($756.0m) ($608.4m) ($1.1b)
Proceeds from long-term borrowings $112.9m $4.9b $42.0m $200.4m
Repayments of long-term borrowings ($4.5b) ($17.5m)
Liquidation of subsidiaries ($51.0m) ($6.9m)
Change in customer deposits payable and other amounts collected and payable on behalf of others, net ($256.6m) $2.1b ($1.7b)
Total $12.8b $31.9b $49.5b $26.7b $25.6b $25.9b $20.3b $15.9b
Beginning Cash Position $26.7b $25.6b $25.9b $20.3b
Cash Flow From Continuing Financing Activities ($1.2b) ($7.2b) ($5.8b) ($9.8b)
Cash Flow From Continuing Investing Activities ($8.5b) ($4.0b) ($9.4b) $5.9b
Change In Account Payable ($866.4m) $482.5m $2.5b ($3.3b)
Change In Accrued Expense $724.4m $1.5b $1.1b $900.2m
Change In Income Tax Payable ($41.7m) $156.3m $330.2m ($326.1m)
Change In Inventory ($176.7m) ($1.3b) ($1.3b)
Change In Other Current Assets ($3.6b) ($6.4b) ($5.6b) $3.9b
Change In Other Current Liabilities $4.1b $6.1b $4.7b ($4.7b)
Change In Other Working Capital ($36.4m) $185.2m $1.7b ($2.3b)
Change In Payable ($1.1b) $643.5m $2.7b ($3.7b)
Change In Payables And Accrued Expense ($342.1m) $2.2b $3.8b ($2.8b)
Change In Prepaid Assets ($382.7m) ($706.7m) $1.0b ($1.0b)
Change In Receivables $5.3b $821.4m ($2.4b) $1.4b
Change In Tax Payable ($41.7m) $156.3m $330.2m ($326.1m)
Change In Working Capital $5.1b $2.1b $1.9b ($6.7b)
Changes In Account Receivables $5.2b $834.7m ($2.4b) $1.5b
Changes In Cash ($1.2b) $218.6m ($5.7b) ($4.3b)
End Cash Position $25.6b $25.9b $20.3b $15.9b
Financing Cash Flow ($1.2b) ($7.2b) ($5.8b) ($9.8b)
Free Cash Flow $7.7b $10.5b $8.4b ($983.9m)
Gain Loss On Investment Securities ($767.3m) ($1.4b) ($253.0m) $210.3m
Gain Loss On Sale Of PPE ($653k) $629k $30k $137.5m
Investing Cash Flow ($8.5b) ($4.0b) ($9.4b) $5.9b
Issuance Of Capital Stock $0 $0
Net Business Purchase And Sale ($3.1b) $4.9m $117.2m $15.0m
Net Foreign Currency Exchange Gain Loss $127.4m $94.0m ($339.3m) $50.6m
Net PPE Purchase And Sale ($793.0m) ($874.0m) ($1.0b) ($607.7m)
Operating Gains Losses ($685.2m) ($1.3b) ($602.4m) $382.0m
Proceeds From Stock Option Exercised $3k $2k $2k $2k
Provisionand Write Offof Assets ($2.4m) $418.8m $296.6m $134.2m
Purchase Of Business ($21.8m) ($3.1b) ($9.9m)
Purchase Of PPE ($793.0m) ($874.0m) ($1.0b) ($607.7m)
Repurchase Of Capital Stock ($1.3b) ($5.2b) ($5.1b) ($6.6b)
Sale Of Business $19.1m $14.8m $117.2m $15.0m
Stock Based Compensation $2.4b $3.2b $2.7b $1.9b
Unrealized Gain Loss On Investment Securities $512.2m ($78.3m) ($312.8m) ($146.4m)
Net Cash Provided by (Used in) Operating Activities $3.2b $112.6m $1.4b $564.2m $1.2b $1.6b $1.3b ($53.8m)
Cash flows from investing activities:
Purchases of property, plant and equipment, intangible assets and other long-lived assets ($69.5m) $48.2m ($139.1m) $20.1m $93.7m ($2.7m) ($168.6m) ($607.7m)
Payments to Acquire Businesses, Net of Cash Acquired $772.8m $1.7m $3.4m $456.4m $1.4m ($14.4m)
Cash paid for business combinations, net of cash acquired ($358.8m) ($772.8m) ($10.8m) ($21.8m) ($3.1b) ($9.9m) $105.0m
Purchases of time deposits and held-to-maturity debt investments ($23.8b) ($14.5b) ($24.0b) ($8.9b)
Purchases of available-for-sale debt investments ($8.5b) ($1.2b) ($441.4m)
Purchases of other long-term investments ($8.8b) ($560.6m) ($1.2b) ($3.9b) ($6.5b)
Purchases of other short-term investments ($37.2b) ($34.7b) ($38.9b) ($33.3b) ($27.1b)
Net Investment Purchase And Sale ($4.5b) ($2.5b) ($6.3b) $5.8b
Purchase Of Investment ($60.3b) ($54.6b) ($61.2b) ($42.9b)
Gain (Loss) on Sale of Investments ($800k) ($790k)
Maturities of time deposits and held-to-maturity debt investments $15.8b $8.9b $12.1b $20.9b
Sales and maturities of available-for-sale debt investments $716.0m $2.9b $1.4b $548.6m
Maturities of other short-term investments $37.2b $36.5b $41.5b $42.6b $27.3b
Sale Of Investment $55.8b $52.1b $54.9b $48.7b
Net Other Investing Changes ($4.0m) ($654.6m) ($2.1b) $649.1m
Net Cash Provided by (Used in) Investing Activities $2.6b ($3.9b) ($2.3b) ($3.9b) ($1.2b) ($560.2m) ($1.3b) $842.9m
Cash flows from financing activities:
Issuance Of Debt $892.4m $426.6m $606.0m $2.2b
Long Term Debt Issuance $133.4m $0 $0 $1.2b
Net Issuance Payments Of Debt $164.8m ($329.3m) ($2.4m) $938.8m
Net Long Term Debt Issuance ($194.2m) $0 $0 $1.0b
Net Short Term Debt Issuance $359.0m ($329.3m) ($2.4m) ($82.8m)
Short Term Debt Issuance $759.0m $426.6m $606.0m $1.0b
Long Term Debt Payments ($327.6m) $0 $0 ($161.4m)
Repayment Of Debt ($727.6m) ($756.0m) ($608.4m) ($1.3b)
Short Term Debt Payments ($400.0m) ($756.0m) ($608.4m) ($1.1b)
Proceeds from Issuance of Common Stock $2.3b
Common Stock Issuance $0 $0
Net Common Stock Issuance ($1.3b) ($5.2b) ($5.1b) ($6.6b)
Payments for Repurchase of Common Stock $207.1m $191.4m $725.5m $698.8m $941.1m
Payments of Ordinary Dividends, Common Stock $201 $388 $412
Common Stock Payments ($1.3b) ($5.2b) ($5.1b) ($6.6b)
Payments of Dividends $198
Dividends paid to equity holders of the Company ($1k) ($3k) ($3k)
Dividends paid to non-controlling shareholders of subsidiaries ($14) ($2) ($5) ($3)
Cash Dividends Paid $0 ($1.4b) ($2.8b) ($2.9b)
Common Stock Dividend Paid $0 ($1.4b) ($2.8b) ($2.9b)
Dividend Received CFO $27.3m $14.9m $15.8m $9.0m
Proceeds from (Payments for) Other Financing Activities $357k
Net Other Financing Charges ($58.1m) ($312.5m) $2.1b ($1.3b)
Net Cash Provided by (Used in) Financing Activities ($1.3b) $23.0b $3.9b ($168.6m) ($167.5m) ($980.5m) ($793.9m) ($1.4b)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents ($94.9m) ($334.7m) ($69.4m)
Effect of exchange rate change on cash, cash equivalents and restricted cash $416k ($94.9m) ($2.2b) ($442.1m) $28.6m $44.6m $169.5m ($82.6m)
Effect Of Exchange Rate Changes $28.6m $44.6m $169.5m ($82.6m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $19.2b $2.7b ($3.6b) ($165.0m) $37.1m ($761.2m) ($623.1m)
Net increase (decrease) in cash, cash equivalents and restricted cash $4.5b $19.2b $17.6b ($22.8b) ($1.1b) $263.2m ($5.6b) ($4.4b)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $4.9b $7.6b $4.2b $3.7b $3.6b $2.8b $2.3b
Cash and cash equivalents at the beginning of the year $9.1b $24.3b $41.0b $20.4b $19.4b $19.6b $11.4b $7.8b
Restricted cash at the beginning of the year $3.5b $7.4b $8.6b $6.3b $6.2b $6.2b $8.9b $8.2b
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported ($1.1b) $263.2m ($5.6b) ($4.4b)
Interest Paid, Excluding Capitalized Interest, Operating Activities ($128.1m) $236.8m $29.8m $733k $2.0m $2.5m $1.7m $993k
Income Taxes Paid, Net ($666.7m) ($660.7m) ($2.1b) ($2.3b) ($1.4b) ($2.3b) ($2.2b) $2.3b

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.