Bilibili Inc.

Annual Trend 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 ($7.5b) ($4.8b) ($1.4b) $1.2b
Net Income (Loss) Attributable to Parent ($7.5b) ($4.8b) ($1.3b) $170.7m
Net Income (Loss) Available to Common Stockholders, Basic ($571.5m) ($89.6m) ($185.1m) ($461.6m) ($1.1b) ($1.1b) ($679.2m) ($184.5m) $1.2b
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest ($183.8m) ($82.2m) ($187.2m) ($468.0m) ($1.1b) ($1.1b) ($677.7m) ($186.8m) $170.3m
Net Income (Loss) Attributable to Noncontrolling Interest ($1.9m) ($2.1m) ($7.1m) ($3.1m) ($1.5m) $1.5m ($2.3m) ($370k)
Amortization $266.0m $78.9m $130.1m
Amortization of Debt Issuance Costs $1.3m $3.0m $4.0m $7.0m $3.3m $1.5m $1.0m
Amortization of Intangible Assets $260.6m $542.7m $905.6m $213.8m $298.7m $374.3m $282.1m $242.8m $221.0m
Depreciation $38.4m $14.5m $27.5m $50.0m $84.5m $109.5m $102.4m $75.9m $68.8m
Depreciation of property and equipment $38.4m $99.7m $191.8m $326.5m $538.6m $755.5m $727.2m $554.3m $480.9m
Amortization of right-of-use assets $70.7m $96.2m $161.9m $229.3m $169.3m $174.4m $161.4m
Amortization Cash Flow $2.6b $2.0b $1.8b $1.5b
Amortization Of Intangibles $2.6b $2.0b $1.8b $1.5b
Depreciation Amortization Depletion $3.6b $2.9b $2.5b $2.2b
Deferred Income Tax Expense (Benefit) ($1.5m) ($2.1m) ($3.4m) ($5.3m) ($3.6m) ($15.1m) ($6.8m)
Deferred income taxes ($10.5m) ($13.5m) ($21.5m) ($36.5m) ($25.4m) ($110.1m) ($47.5m)
Deferred Income Tax ($36.5m) ($25.4m) ($110.1m) ($47.5m)
Deferred Tax ($36.5m) ($25.4m) ($110.1m) ($47.5m)
Share-based Payment Arrangement, Noncash Expense $80.0m $26.4m $24.8m $59.1m $156.9m $150.9m $159.5m $152.9m $167.4m
Goodwill, Impairment Loss $0 $0 $0 $0 $0 $0 $0 $0 $0
Impairment of Intangible Assets, Finite-lived $0 $0 $0 $0 $0 $0 $0 $0 $0
Share-based compensation expenses $80.0m $181.2m $172.6m $385.9m $999.8m $1.0b $1.1b $1.1b $1.2b
Impairments of long-term investments $16.0m $46.4m $5.9m $8.0m $91.5m $465.6m $278.9m $486.5m $343.7m
Asset Impairment Charge $465.6m $278.9m $486.5m $343.7m
Gain (Loss) on Extinguishment of Debt $191.2m $41.2m ($5.3m) ($2k)
Equity Method Investment, Realized Gain (Loss) on Disposal $78.8m $48.1m $34.3m $42.4m
Gain (Loss) on Disposition of Property Plant Equipment ($96k) ($108k) ($91k) ($440k) ($565k)
Income Tax Expense (Benefit) $8.9m $3.8m $5.2m $8.2m $15.0m $15.1m $11.1m ($5.0m) $2.5m
Other Nonoperating Income (Expense) $18.5m $3.8m $3.8m $21.5m ($44.6m) $138.4m $46.6m ($7.7m) $12.0m
Loss from equity method investments $24.2m $50.5m $37.2m $211.6m $112.1m $40.5m $37.3m
Earnings (Loss)es From Equity Investments $59.5m $198.8m $40.5m $37.3m
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions ($3) ($8) ($6) ($31) ($16) ($6) ($5)
Changes in operating assets and liabilities:
Noncash investing and financing activities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $283.2m ($9.5m) $57.3m $63.9m $67.4m $8.7m $36.9m ($34.4m) $1.4m
Increase (Decrease) in Accounts Payable $271.9m $50.3m $84.3m $125.1m $165.8m $6.8m ($8.5m) $84.3m $83.8m
Accounts Receivable, Credit Loss Expense (Reversal) $2.7m $1.6m $1.4m $15.2m $29.7m $18.9m ($2.3m) $15.0m $4.0m
Proceeds from Stock Options Exercised $1k $1k $3k $3k $1k $2k $1.4m $938k
Purchases of property and equipment, accrued but unpaid $144.9m $42.7m $42.5m $92.3m $151.5m $110.3m $25.6m $63.8m $73.3m
Equity Securities, FV-NI, Unrealized Gain (Loss) $0 ($33.4m)
Foreign Currency Transaction Gain (Loss), before Tax $6.4m ($242k) ($1.7m) $6.4m ($2.4m) ($2.9m) ($5.0m) ($9.4m) ($11.5m)
Foreign Currency Transaction Gain (Loss), Unrealized $115k ($72k) ($379k) $463k $1.0m ($330k) ($131k) $344k $1.4m
General and Administrative Expense $260.9m $67.1m $85.1m $149.6m $288.3m $365.5m $298.9m $278.3m $294.9m
Goodwill $51.0m $136.9m $145.4m $198.6m $366.9m $395.1m $383.8m $373.3m $403.0m
Inventory Write-down $860k $953k $3.8m $27.7m $1.5m $2.6m $260k
Operating Expenses $773.5m $230.4m $385.7m $916.6m $1.6b $1.8b $1.5b $1.4b $1.4b
Net (loss)/profit ($183.8m) ($565.0m) ($1.3b) ($3.1b) ($6.8b) ($7.5b) ($4.8b) ($1.4b) $1.2b
(Reversal of)/Allowance for expected credit losses $2.7m $10.9m $9.4m $99.2m $189.2m $130.5m ($16.0m) $109.8m $27.8m
Inventory provision $6.0m $6.2m $24.5m $191.1m $10.4m $18.7m $1.8m
Unrealized exchange losses/(gains) ($115k) $497k $2.6m ($3.0m) ($6.6m) $2.3m $931k ($2.5m) ($10.0m)
Unrealized fair value changes of investments ($12.5m) ($1.8m) $17.9m ($39.5m) $200.3m $251.4m $66.5m $22.8m $21.1m
Termination expenses of certain game projects $525.8m $354.8m
Gain from disposal of subsidiaries and long-term investments ($148.8m) ($4.4m) ($178.4m) ($3.9m) ($11.0m) ($15.4m)
Revaluation of previously held equity interests ($144.4m) $0 $31.5m ($152.2m) $86.7m
(Gain)/loss of convertible senior notes repurchase ($1.3b) ($292.2m) $38.6m $2k
Accounts receivable ($283.2m) $65.6m ($399.0m) ($417.2m) ($429.5m) ($59.9m) ($262.2m) $251.2m ($9.5m)
Amounts due from related parties ($24.7m) $35.1m $7.4m $17.0m $8.8m ($74.1m) $75.3m ($66.9m) ($63.3m)
Prepayments and other assets ($247.5m) ($540.6m) ($508.5m) ($610.6m) ($1.7b) ($556.2m) $342.5m $273.4m $192.0m
Other long-term assets ($360.5m) ($245.2m) ($138.4m) ($444.3m) $185.8m $51.2m ($38.4m)
Accounts payable $271.9m $345.9m $586.9m $816.1m $1.1b $46.9m ($60.5m) $615.2m $585.8m
Salary and welfare payable $91.4m $95.5m $101.8m $374.4m $254.2m $396.1m ($182.2m) $380.1m $106.2m
Taxes payable $13.5m $13.7m $23.1m $54.4m $77.4m $130.7m $29.0m $83.7m $49.4m
Deferred revenue $356.4m $398.6m $354.0m $734.8m $494.6m $173.9m $133.9m $848.2m $859.6m
Accrued liabilities and other payables $74.3m $106.7m $277.9m $651.7m $319.7m ($1.0b) $341.1m $779.3m $568.4m
Amounts due to related parties $5.7m $44.6m ($50.3m) ($21.2m) ($12.0m) ($348k) $11.6m
Other long-term liabilities $190.4m $111.9m $95.0m $282.4m ($141.6m) ($61.2m) ($33.6m)
Purchase of intangible assets ($485.9m) ($1.0b) ($1.3b) ($1.6b) ($2.7b) ($2.0b) ($1.1b) ($1.3b) ($1.3b)
Cash consideration (paid for)/acquired from purchase of subsidiaries, net of consideration paid and cash acquired ($135.8m) ($719.9m) ($498.9m) ($522.0m) ($1.2b) ($70.0m) $27.4m
Cash paid for long-term investments including loans ($320.1m) ($565.1m) ($1.2b) ($1.3b) ($6.7b) ($1.5b) ($132.6m) ($227.4m) ($1.7b)
Loans and advances from investees $11.0m $3.5m $539.2m $596.8m $684.8m $79.0m $13.0m
Cash received from disposal/return of long-term assets $12.8m $1.2m $566.6m $135.3m $74.6m $612.2m $100.6m $74.3m $92.3m
Placement of time deposits ($2.0m) ($750.5m) ($4.9b) ($10.9b) ($10.7b) ($10.2b) ($10.0b) ($5.8b) ($10.5b)
Maturity of time deposits $2.1m $3.9b $7.7b $7.7b $13.9b $9.7b $7.5b $8.4b
Proceeds of short-term and long-term loans $1.7b $2.0b $5.1b $2.7b
Repayment of short-term loans and long-term loans ($2.0b) ($1.9b) ($2.7b)
Proceeds from exercise of employees' share options $6k $1k $3k $3k $4k $2k $10.3m $6.6m
Proceeds from issuance of ordinary shares, net of issuance costs $5.0b $1.6b $2.8b $19.3b $2.7b
Proceeds from issuance of convertible notes $3.4b $5.6b $10.1b ($4.2b) ($7.7b) $100.0m $4.9b
Repurchase of shares ($49.1m) ($347.6m) ($117.5m) ($822.7m)
Repurchase of convertible senior notes ($4.2b) ($7.7b) ($6.1b) ($474k)
Acquisitions and investments financed by payables $79.1m $125.4m $731.5m $202.0m ($80.0m) ($7.6m) $22.7m
Intangible assets purchases financed by payables $70.7m $415.8m $365.2m $746.4m $830.6m $824.9m $783.8m $767.4m $686.5m
Beginning Cash Position $7.5b $10.2b $7.2b $10.3b
Cash Flow From Continuing Financing Activities ($4.4b) ($5.1b) ($2.8b) $4.1b
Cash Flow From Continuing Investing Activities $10.6b $1.8b ($138.1m) ($9.3b)
Change In Account Payable $46.9m ($60.5m) $615.2m $585.8m
Change In Accrued Expense ($1.0b) $341.1m $779.3m $568.4m
Change In Income Tax Payable $130.7m $29.0m $83.7m $49.4m
Change In Other Current Assets ($444.3m) $185.8m $51.2m ($38.4m)
Change In Other Current Liabilities $282.4m ($141.6m) ($61.2m) ($33.6m)
Change In Other Working Capital $173.9m $133.9m $848.2m $859.6m
Change In Payable $552.4m ($225.6m) $1.1b $753.0m
Change In Payables And Accrued Expense ($473.9m) $115.5m $1.9b $1.3b
Change In Prepaid Assets ($556.2m) $342.5m $273.4m $192.0m
Change In Receivables ($134.0m) ($186.9m) $184.3m ($72.8m)
Change In Tax Payable $130.7m $29.0m $83.7m $49.4m
Change In Working Capital ($1.2b) $449.2m $3.2b $2.2b
Changes In Account Receivables ($59.9m) ($262.2m) $251.2m ($9.5m)
Changes In Cash $2.3b ($3.0b) $3.1b $1.9b
End Cash Position $10.2b $7.2b $10.3b $12.2b
Financing Cash Flow ($4.4b) ($5.1b) ($2.8b) $4.1b
Free Cash Flow ($6.6b) ($1.1b) $4.3b $5.3b
Gain Loss On Sale Of Business ($178.4m) ($3.9m) ($11.0m) ($15.4m)
Gain Loss On Sale Of PPE $748k $646k $3.2m $4.0m
Investing Cash Flow $10.6b $1.8b ($138.1m) ($9.3b)
Issuance Of Capital Stock $0 $2.7b $0 $0
Net Business Purchase And Sale ($1.2b) ($70.0m) $0 $27.4m
Net Foreign Currency Exchange Gain Loss $2.3m $931k ($2.5m) ($10.0m)
Net Intangibles Purchase And Sale ($2.0b) ($1.1b) ($1.3b) ($1.3b)
Net PPE Purchase And Sale ($760.4m) ($181.9m) ($465.4m) ($512.9m)
Operating Gains Losses ($1.4b) $196.5m $30.2m $15.9m
Other Non Cash Items $573.9m $85.9m $1.2b $1.1b
Proceeds From Stock Option Exercised $4k $2k $10.3m $6.6m
Provisionand Write Offof Assets $321.6m ($5.6m) $128.5m $29.6m
Purchase Of Business ($522.0m) ($1.2b) ($70.0m) $0
Purchase Of Intangibles ($2.0b) ($1.1b) ($1.3b) ($1.3b)
Purchase Of PPE ($760.4m) ($181.9m) ($465.4m) ($512.9m)
Repurchase Of Capital Stock ($347.6m) $0 ($117.5m) ($822.7m)
Sale Of Business $74.6m $612.2m $100.6m $27.4m
Stock Based Compensation $1.0b $1.1b ($16.0m) $109.8m
Unrealized Gain Loss On Investment Securities $251.4m $66.5m $22.8m $21.1m
Net Cash Provided by (Used in) Operating Activities $464.6m $107.2m $27.9m $115.4m ($415.4m) ($567.1m) $37.6m $824.0m $1.0b
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $144.9m $42.7m $42.5m $92.3m $151.5m $110.3m $25.6m $63.8m $73.3m
Payments to Acquire Businesses, Net of Cash Acquired $19.8m $103.4m $76.5m $81.9m $171.1m $9.9m ($3.9m)
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain (Loss), Net $21.0m ($4.9m) $22.1m ($12.2m)
Purchase of short-term investments ($4.7b) ($6.7b) ($10.0b) ($26.7b) ($71.7b) ($70.6b) ($13.5b) ($37.0b) ($85.6b)
Net Investment Purchase And Sale $13.3b $2.4b $1.5b ($7.6b)
Purchase Of Investment ($82.3b) ($23.6b) ($43.0b) ($97.9b)
Maturities of short-term investments $4.9b $6.3b $10.0b $24.9b $60.5b $81.7b $16.3b $37.0b $81.8b
Sale Of Investment $95.6b $26.0b $44.5b $90.2b
Net Other Investing Changes $1.2b $785.4m $153.3m $105.3m
Net Cash Provided by (Used in) Investing Activities ($716.3m) ($464.9m) ($568.6m) ($1.4b) ($3.9b) $1.5b $248.2m ($18.9m) ($1.3b)
Cash flows from financing activities:
Issuance Of Debt $1.7b $2.0b $5.2b $7.6b
Long Term Debt Issuance $0 $0 $100.0m $4.9b
Net Issuance Payments Of Debt ($4.0b) ($7.8b) ($2.7b) $4.9b
Net Long Term Debt Issuance ($4.2b) ($7.7b) ($6.0b) $4.9b
Net Short Term Debt Issuance $250.9m ($81.8m) $3.2b $18.0m
Short Term Debt Issuance $1.7b $2.0b $5.1b $2.7b
Long Term Debt Payments ($4.2b) ($7.7b) ($6.1b) ($474k)
Repayment Of Debt ($5.7b) ($9.7b) ($8.0b) ($2.7b)
Short Term Debt Payments ($1.5b) ($2.0b) ($1.9b) ($2.7b)
Common Stock Issuance $0 $2.7b $0 $0
Net Common Stock Issuance ($347.6m) $2.7b ($117.5m) ($822.7m)
Payments for Repurchase of Common Stock $49.1m $50.4m $16.1m $117.6m
Common Stock Payments ($347.6m) $0 ($117.5m) ($822.7m)
Proceeds from Noncontrolling Interests $22.2m $15.9m $343k
Proceeds from (Payments to) Noncontrolling Interests ($2.7m) $3.2m
Purchase of noncontrolling interests ($2.7m) ($121.3m) ($280.3m) ($104.7m) ($56.7m) ($7.0m) ($1.1m)
Net Other Financing Charges ($102.5m) ($56.7m) ($7.0m) ($1.1m)
Net cash (used in)/provided by financing activities $675.5m $5.0b $5.1b $8.3b $30.4b ($4.4b) ($5.1b) ($2.8b) $4.1b
Net Cash Provided by (Used in) Financing Activities $675.5m $723.6m $729.5m $1.3b $4.8b ($631.4m) ($714.8m) ($387.1m) $584.5m
Effect of exchange rate changes on cash and cash equivalents and restricted cash held in foreign currencies ($48.1m) $261.4m $107.5m ($466.3m) ($319.0m) $321.4m $100.3m $6.2m $41.2m
Effect Of Exchange Rate Changes $321.4m $100.3m $6.2m $41.2m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $375.7m $403.9m $204.3m ($43.6m) $446.4m $386.3m ($414.9m) $418.9m $276.7m
Net (decrease)/increase in cash and cash equivalents and restricted cash $375.7m $2.8b $1.4b ($284.6m) $2.8b $2.7b ($2.9b) $3.1b $1.9b
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $111.0m $514.9m $712.8m $1.5b $1.0b $1.4b $1.7b
Cash and cash equivalents and restricted cash at beginning of the year $762.9m $3.5b $5.0b $4.7b $7.5b $10.2b $7.2b $10.3b $12.2b
Cash and cash equivalents at end of the year $762.9m $3.5b $5.0b $4.7b $7.5b $10.2b $7.2b $10.2b $12.2b
Restricted cash at end of the year $0 $0 $14.8m $50.0m $50.0m $50.8m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported $2.7b ($2.9b) $3.1b $1.9b
Interest Paid, Excluding Capitalized Interest, Operating Activities $3.8m $13.2m $18.2m $29.0m $23.6m $12.9m $17.9m
Income Taxes Paid, Net $6.2m $2.3m $4.8m $8.3m $11.6m $11.7m $14.6m $11.9m $9.0m

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