← JD.com, 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 (Loss) Attributable to Parent | ($548.3m) | ($11.7m) | ($2.8b) | $11.9b | $49.3b | ($4.5b) | $9.7b | $23.3b | $44.7b | $23.1b | |
| Net Income (Loss) Available to Common Stockholders, Basic | ($548.3m) | ($23.4m) | ($362.4m) | $1.8b | $7.6b | ($559.0m) | $1.5b | $3.4b | $5.7b | $2.8b | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ($491.7m) | ($1.8m) | ($407.3m) | $1.7b | $7.6b | ($701.0m) | $1.4b | $3.3b | $6.1b | $3.3b | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | ($2.9m) | ($407.3m) | $1.7b | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | $1.1m | — | — | — | — | — | — | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | ($11.4m) | ($145.0m) | ($101.0m) | ($128.0m) | $452.0m | $502.0m | |
| Depreciation, Depletion and Amortization | $523.3m | $644.4m | $808.7m | $837.1m | $929.9m | $978.0m | $1.0b | $1.2b | $1.2b | $1.4b | |
| Depreciation, Depletion and Amortization | $523.3m | $644.4m | $808.7m | $837.1m | $929.9m | $978.0m | $1.0b | $1.2b | $1.2b | $1.4b | |
| Amortization of Debt Issuance Costs and Discounts | $1.2m | $2.1m | $2.0m | $2.1m | $3.0m | $2.0m | $2.0m | $2.0m | — | — | |
| Amortization of Intangible Assets | $1.6b | $1.8b | $1.8b | $932.5m | $801.7m | $956.0m | $1.2b | $1.3b | $987.0m | $1.1b | |
| Depreciation | $1.9b | $2.3b | $3.5b | $4.7b | $5.0b | $5.0b | $5.3b | $6.1b | $7.0b | $7.7b | |
| Deferred Income Tax Expense (Benefit) | ($5.0m) | ($34.0m) | ($1.5m) | $76.6m | ($110.2m) | ($102.0m) | ($80.0m) | $122.0m | ($157.0m) | ($678.0m) | |
| Deferred income tax | ($34.8m) | ($221.0m) | ($10.5m) | $533.1m | ($718.9m) | ($651.0m) | ($549.0m) | $869.0m | ($1.1b) | ($4.7b) | |
| Share-based Payment Arrangement, Noncash Expense | $337.6m | $427.3m | $532.3m | $530.7m | $636.9m | $1.4b | $1.1b | $677.0m | $411.0m | $676.0m | |
| Share-based Payment Arrangement, Expense | $2.3b | $2.8b | $3.7b | $3.7b | $4.2b | $9.1b | $7.5b | $4.8b | $3.0b | $4.7b | |
| Goodwill and Intangible Asset Impairment | — | — | $3.2m | — | — | — | — | — | — | — | |
| Goodwill, Impairment Loss | $0 | $0 | $6.9m | $0 | $0 | $0 | $0 | $443.0m | $109.0m | $186.0m | |
| Impairment of Intangible Assets (Excluding Goodwill) | $0 | $0 | $15.4m | $0 | $0 | $0 | $0 | $902.0m | $535.0m | $0 | |
| Impairment of Intangible Assets, Finite-lived | $156.7m | — | — | — | — | — | — | — | — | — | |
| Share-based compensation | $2.3b | $2.8b | $3.7b | $3.7b | $4.2b | $9.1b | $7.5b | $4.8b | $3.0b | $4.7b | |
| Impairment of long-lived assets and goodwill | — | — | — | — | — | — | $0 | $5.2b | $2.4b | $1.3b | |
| Impairment of investments | $542.9m | $139.8m | $593.1m | $2.0b | $207.6m | $574.0m | $2.0b | $3.0b | $3.3b | $827.0m | |
| Proceeds from issuance of ordinary shares pursuant to share-based awards | $82.4m | $135.7m | $48.6m | $112.2m | $235.9m | $62.0m | $1.0b | $33.0m | $27.0m | $33.0m | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | $1.7m | — | $1.0m | — | — | — | |
| Gain (Loss) on Disposition of Assets | ($2.7m) | ($1.8m) | $1.6m | ($9.4m) | ($10.4m) | ($3.0m) | ($59.0m) | ($8.0m) | ($19.0m) | $2.0m | |
| Income (Loss) from Equity Method Investments | ($401.2m) | ($296.1m) | ($161.9m) | ($249.7m) | $657.7m | ($772.0m) | ($318.0m) | $142.0m | $319.0m | $1.1b | |
| Income Tax Expense (Benefit) | $25.9m | $21.5m | $62.1m | $258.9m | $227.1m | $296.0m | $605.0m | $1.2b | $943.0m | $312.0m | |
| Other Nonoperating Income (Expense) | $212.3m | $202.3m | $13.8m | $772.1m | $5.0b | ($93.0m) | ($225.0m) | $1.1b | $1.8b | $2.5b | |
| Losses/(gains) from disposal of property, equipment and software | $18.5m | $11.6m | ($11.2m) | $65.5m | $67.5m | $18.0m | $407.0m | $55.0m | $140.0m | ($16.0m) | |
| Operating lease right-of-use assets | — | — | — | ($1.4b) | ($2.9b) | ($4.0b) | ($525.0m) | ($273.0m) | ($3.6b) | ($5.9b) | |
| Operating lease liabilities | — | — | — | $1.5b | $3.2b | $4.2b | $705.0m | $529.0m | $4.3b | $6.7b | |
| Disposal of equity investments | $34.6m | $202.8m | $1.6b | $3.6b | $1.1b | $407.0m | $412.0m | $387.0m | $576.0m | $2.9b | |
| Right-of-use assets acquired under operating leases | — | — | — | $4.9b | $10.7b | $10.2b | $7.7b | $10.9b | $11.2b | $16.3b | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $1.4b | $83.9m | ($623.5m) | ($565.5m) | $63.2m | $884.0m | $1.0b | $44.0m | $623.0m | $361.0m | |
| Increase (Decrease) in Inventories | $1.2b | $2.0b | $340.6m | $2.0b | ($122.5m) | $2.6b | $330.0m | ($1.4b) | $2.8b | $827.0m | |
| Increase (Decrease) in Accounts Payable | $2.0b | $4.0b | $795.1m | $1.5b | $1.7b | $5.1b | $2.6b | $650.0m | $3.8b | ($702.0m) | |
| Accounts Receivable, Credit Loss Expense (Reversal) | $408.3m | $17.0m | ($124.4m) | ($213.4m) | ($330.7m) | ($535.0m) | ($615.0m) | ($542.0m) | ($376.0m) | ($739.0m) | |
| Accrued capital expenditures | — | — | — | — | — | $873.0m | $797.0m | $567.0m | — | — | |
| Fair Value, Option, Changes in Fair Value, Gain (Loss) | — | — | — | — | — | — | — | $2.1b | $1.5b | $804.0m | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($21.1m) | $32.8m | ($28.0m) | $17.8m | ($13.8m) | $7.0m | $17.0m | ($4.0m) | ($111.0m) | $309.0m | |
| Gain (Loss) on Sale of Properties | — | — | — | $558.0m | $252.7m | $120.0m | $200.0m | $322.0m | $209.0m | $55.0m | |
| General and Administrative Expense | $671.7m | $647.8m | $750.4m | $788.6m | $982.2m | $1.8b | $1.6b | $1.4b | $1.2b | $1.7b | |
| Goodwill | $942.2m | $1.0b | $966.3m | $954.3m | $1.7b | $2.0b | $3.4b | $2.8b | $3.5b | $3.8b | |
| Investment Income, Interest | $69.4m | $388.9m | $308.0m | $256.5m | $422.0m | $4.2b | $5.7b | $9.6b | $9.4b | $9.1b | |
| Nonoperating Income (Expense) | ($1.1b) | $956.4m | $245.5m | $4.7b | $38.5b | ($6.7b) | ($5.9b) | $5.6b | — | — | |
| Proceeds from Issuance of Redeemable Preferred Stock | $952.4m | — | — | — | — | — | — | — | — | — | |
| Unrealized Gain (Loss) on Investments | — | — | ($220.1m) | $502.1m | — | ($7.3b) | ($4.1b) | ($855.0m) | $186.0m | $57.0m | |
| Allowance for doubtful accounts | $867.2m | — | $170.5m | $423.7m | $352.8m | $708.0m | $926.0m | $641.0m | $333.0m | $340.0m | |
| Losses/(gains) from fair value change of long-term investments | — | — | $1.5b | ($3.5b) | — | — | $4.1b | $855.0m | ($1.4b) | ($397.0m) | |
| Gain on sale of development properties | — | — | — | ($3.9b) | ($1.6b) | ($767.0m) | ($1.4b) | ($2.3b) | ($1.5b) | ($387.0m) | |
| Share of results of equity investees | $2.8b | $1.9b | $1.1b | $1.7b | ($4.3b) | $4.9b | $2.2b | ($1.0b) | ($2.3b) | ($8.0b) | |
| Accrued interest income | — | — | — | — | — | — | ($1.1b) | ($211.0m) | ($2.9b) | ($213.0m) | |
| Accounts receivable | ($9.7b) | ($546.0m) | $4.3b | $3.9b | ($412.1m) | ($5.6b) | ($7.2b) | ($310.0m) | ($4.5b) | ($2.5b) | |
| Advance to suppliers | ($487.3m) | ($137.5m) | ($75.4m) | ($127.8m) | ($2.3b) | ($107.0m) | $9.0m | $1.1b | ($1.7b) | $1.8b | |
| Inventories | ($8.4b) | ($12.8b) | ($2.3b) | ($13.9b) | $799.4m | ($16.7b) | ($2.3b) | $9.9b | ($20.2b) | ($5.8b) | |
| Prepayments and other current assets | ($533.6m) | ($328.0m) | ($899.1m) | $486.1m | ($259.6m) | ($2.5b) | ($2.0b) | $590.0m | $114.0m | $1.2b | |
| Amount due from related parties | ($481.8m) | $2.5b | $1.8b | ($1.5b) | $582.8m | ($278.0m) | $1.8b | ($750.0m) | ($527.0m) | ($542.0m) | |
| Other non-current assets | $169.1m | ($372.6m) | $45.0m | ($408.9m) | ($870.9m) | ($1.7b) | $2.4b | $74.0m | $575.0m | ($1.1b) | |
| Accounts payable | $13.7b | $26.1b | $5.5b | $10.4b | $11.1b | $32.6b | $17.7b | $4.6b | $27.8b | ($4.9b) | |
| Advance from customers | $4.5b | $2.1b | ($745.9m) | $3.1b | $4.1b | $8.7b | $4.5b | ($2.1b) | $704.0m | $3.4b | |
| Deferred revenues | ($708.0m) | ($374.0m) | ($603.5m) | $454.8m | ($235.2m) | ($243.0m) | ($319.0m) | ($1.4b) | ($462.0m) | $351.0m | |
| Taxes payable | $494.4m | $92.9m | $166.1m | $722.8m | $849.0m | ($468.0m) | $3.2b | $1.3b | $1.9b | ($2.3b) | |
| Amount due to related parties | $29.6m | ($66.4m) | $128.9m | $134.7m | $282.3m | ($66.0m) | $847.0m | $1.1b | ($1.3b) | ($875.0m) | |
| Accrued expenses and other current liabilities | $4.2b | $4.6b | $5.2b | $4.4b | $4.8b | $5.3b | $3.3b | $2.1b | $2.2b | $3.5b | |
| Other non-current liabilities | — | — | — | — | — | $570.0m | $110.0m | ($668.0m) | ($202.0m) | ($120.0m) | |
| Purchases of time deposits and wealth management products | — | — | — | — | — | — | ($183.3b) | ($268.5b) | ($148.5b) | ($80.2b) | |
| Maturity of long-term time deposits and wealth management products | — | — | — | — | — | — | $30.0m | $217.2b | $166.5b | $133.3b | |
| Disposal of investment securities | — | — | — | $1.0b | $9.1b | $13.2b | $6.3b | $8.3b | $1.4b | $3.2b | |
| Prepayments and investments in equity investees | ($7.7b) | ($6.2b) | ($17.4b) | ($10.5b) | ($16.9b) | ($11.6b) | ($4.5b) | ($1.4b) | ($3.1b) | ($935.0m) | |
| Cash paid for loan originations | ($45.2b) | ($24.4b) | ($36.4b) | ($43.6b) | ($60.3b) | ($82.2b) | ($77.6b) | ($75.8b) | ($84.6b) | ($83.6b) | |
| Cash received from loan repayments | $34.8b | $23.0b | $39.0b | $44.6b | $60.9b | $80.6b | $77.7b | $76.0b | $84.8b | $82.9b | |
| Disposal of equipment and other assets | — | — | — | — | — | $1.8b | $1.4b | $130.0m | $81.0m | $169.0m | |
| Cash paid for asset acquisitions, net of cash acquired | — | — | — | — | — | ($1.6b) | ($2.2b) | ($5.5b) | ($4.3b) | ($3.6b) | |
| Purchase of land use rights | ($678.3m) | ($4.8b) | ($4.1b) | ($1.0b) | ($1.5b) | ($7.8b) | ($5.2b) | ($5.0b) | ($618.0m) | ($397.0m) | |
| Cash paid for construction in progress | ($1.4b) | ($3.3b) | ($7.4b) | ($5.3b) | ($7.5b) | ($8.9b) | ($12.2b) | ($11.0b) | ($7.8b) | ($6.0b) | |
| Sales of development properties | — | — | — | $7.9b | $4.8b | $3.5b | $1.7b | $7.0b | $3.8b | $4.9b | |
| Loans settled by/(provided to) JD Technology | $1.9b | ($6.2b) | $6.3b | $4.1b | ($2.3b) | ($169.0m) | ($502.0m) | $3.3b | $50.0m | ($680.0m) | |
| Repurchase of ordinary shares | ($5.3b) | — | ($205.9m) | ($131.0m) | ($311.8m) | ($5.2b) | ($1.8b) | ($2.5b) | ($25.9b) | ($21.4b) | |
| Capital injection from non-controlling interest shareholders | $177.8m | $209.7m | $805.6m | $6.6b | $34.6b | $27.7b | $8.0b | $1.8b | $31.0m | $2.6b | |
| Acquisition of additional equity interests in non-wholly owned subsidiaries | — | — | — | — | — | ($775.0m) | ($4.6b) | ($778.0m) | ($829.0m) | ($7.2b) | |
| Proceeds from unsecured senior notes, net of issuance costs | — | — | — | — | — | — | $0 | $0 | $14.0b | $0 | |
| Net Cash Provided by (Used in) Operating Activities | $8.8b | $3.8b | $3.0b | $3.6b | $6.5b | $6.6b | $8.4b | $8.4b | $8.0b | $2.7b | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | ($2.4b) | ($3.3b) | ($9.7b) | ($2.6b) | ($3.4b) | $873.0m | $797.0m | $567.0m | ($5.4b) | ($7.8b) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $88.7m | $24.7m | $2.8m | $5.9m | ($102.9m) | $50.0m | $2.3b | — | $380.0m | $158.0m | |
| Gains from acquirements or disposals of businesses and investments | — | — | — | — | ($279.0m) | ($140.0m) | $3.6b | ($89.0m) | ($652.0m) | ($55.0m) | |
| Cash paid for business combinations, net of cash acquired | ($615.8m) | ($160.7m) | ($19.6m) | ($41.4m) | $671.4m | ($321.0m) | ($15.7b) | $0 | ($2.8b) | ($1.1b) | |
| Purchases of investment securities | ($1.1b) | ($7.8b) | ($4.6b) | ($770.8m) | ($1.1b) | ($2.7b) | — | $0 | $0 | ($60.0m) | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | $35.6m | $94.6m | ($251.0m) | $10.0m | $97.0m | $146.0m | $166.0m | |
| Other investing activities | — | — | — | ($247.5m) | ($617.5m) | $1.6b | ($88.0m) | ($696.0m) | ($1.1b) | ($1.2b) | |
| Net cash (used in)/provided by investing activities | ($48.3b) | ($37.5b) | ($26.1b) | ($25.3b) | ($57.8b) | ($74.2b) | ($54.0b) | ($59.5b) | ($871.0m) | $41.8b | |
| Net Cash Provided by (Used in) Investing Activities | ($48.3b) | ($5.8b) | ($3.8b) | ($3.6b) | ($8.9b) | ($11.7b) | ($7.8b) | ($8.4b) | ($119.0m) | $6.0b | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | — | — | $420.4m | — | — | — | $2.0b | $1.9b | — | — | |
| Proceeds from debts | — | — | — | — | — | — | $47.3b | $30.5b | $13.6b | $34.3b | |
| Repayments of Long-term Debt | — | — | — | — | $18.9m | $5.0m | $527.0m | $1.6b | — | — | |
| Repayment of debts | — | — | — | — | — | — | ($35.4b) | ($27.4b) | ($13.3b) | ($24.0b) | |
| Proceeds from Issuance of Common Stock | — | — | $513.7m | — | $4.8b | — | — | — | — | — | |
| Payments for Repurchase of Common Stock | $768.9m | — | $29.9m | $18.8m | $47.8m | $823.0m | $264.0m | $352.0m | $3.5b | $3.1b | |
| Payments of Ordinary Dividends, Common Stock | — | — | — | — | — | — | $2k | $949 | $1k | $1k | |
| Proceeds from Noncontrolling Interests | $25.6m | $32.2m | $117.2m | $955.0m | $5.3b | $4.3b | $1.2b | $258.0m | $4.0m | $379.0m | |
| Payments of Dividends | — | — | — | — | — | — | $2k | $949 | $1k | $1k | |
| Dividends Payable | — | — | — | — | — | — | — | — | $1k | $1k | |
| Cash paid for dividends | — | — | — | — | $0 | $0 | ($13.1b) | ($6.7b) | ($8.3b) | ($10.4b) | |
| Proceeds from (Payments for) Other Financing Activities | — | $22.1m | $24.9m | ($753k) | ($1.2m) | ($2.0m) | ($30.0m) | ($108.0m) | ($58.0m) | ($100.0m) | |
| Other financing activities | — | $143.7m | $171.2m | ($5.2m) | ($7.9m) | ($8.0m) | ($195.0m) | ($773.0m) | ($432.0m) | ($695.0m) | |
| Net Cash Provided by (Used in) Financing Activities | $40.7b | $3.0b | $1.6b | $369.5m | $10.9b | $3.1b | $171.0m | ($818.0m) | ($2.9b) | ($3.8b) | |
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash | $726.5m | ($641.5m) | $1.7b | $405.9m | ($5.1b) | ($1.5b) | $3.5b | $125.0m | $98.0m | ($186.0m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $1.1b | $346.2m | $7.8b | ($2.2b) | $1.2b | ($804.0m) | $5.0b | $4.8b | |
| Net (decrease)/increase in cash, cash equivalents, and restricted cash | $4.2b | $5.6b | $7.7b | $2.4b | $50.7b | ($13.9b) | $8.5b | ($5.7b) | $36.3b | $33.9b | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $5.5b | $5.7b | $13.9b | $12.0b | $12.3b | $11.2b | $15.9b | $21.4b | |
| Cash, cash equivalents, and restricted cash at beginning of year, including cash, cash equivalents, and restricted cash classified within assets held for sale | $24.2b | $29.8b | $37.5b | $39.9b | $90.6b | $76.7b | $85.2b | $79.5b | $115.7b | $149.6b | |
| Less: cash, cash equivalents, and restricted cash classified within assets held for sale at beginning of year | $4.2b | — | — | — | $115.9m | $116.0m | $41.0m | $53.0m | $0 | $0 | |
| Cash, cash equivalents, and restricted cash at beginning of year | — | $29.8b | $37.5b | $39.9b | $90.5b | $76.7b | $85.1b | $79.4b | $115.7b | $149.6b | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | ($729.7m) | $88.7m | $61.2m | $97.5m | $156.3m | $192.0m | $347.0m | $395.0m | $380.0m | $384.0m | |
| Cash paid for income taxes | ($113.1m) | ($240.9m) | ($666.3m) | ($807.6m) | ($1.2b) | ($2.5b) | ($2.6b) | ($5.5b) | ($8.8b) | ($8.7b) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.