← NIO 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 | — | — | — | — | — | — | ($14.4b) | ($20.7b) | ($22.4b) | ($14.9b) | |
| Net Income (Loss) Available to Common Stockholders, Basic | — | ($7.6b) | ($3.4b) | ($1.6b) | ($859.9m) | ($1.7b) | ($2.1b) | ($3.0b) | ($3.1b) | ($2.2b) | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | ($5.0b) | ($1.4b) | ($1.6b) | ($812.9m) | ($630.3m) | ($2.1b) | ($2.9b) | ($3.1b) | ($2.1b) | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | ($36.4m) | ($6.1m) | ($1.3m) | ($760k) | ($4.9m) | ($22.8m) | $17.5m | ($12.5m) | $2.6m | |
| Depreciation, Depletion and Amortization | — | $167.9m | $69.0m | $143.5m | $160.4m | $268.0m | $413.5m | $475.8m | $804.9m | $1.0b | |
| Depreciation | — | $166.0m | $469.4m | $993.1m | $1.0b | $1.7b | $2.9b | $3.4b | $5.9b | $7.1b | |
| Amortization of Intangible Assets | — | $1.9m | $2.0m | — | — | — | — | — | — | — | |
| Amortization of right-of-use assets | — | — | — | $522.0m | $499.2m | $643.9m | $1.1b | $1.5b | $1.8b | $2.2b | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $4.0b | $4.9b | $7.7b | $9.4b | |
| Deferred Income Tax Expense (Benefit) | — | — | — | — | — | $18.7m | ($7.2m) | $200.9m | ($84.9m) | ($14.8m) | |
| Deferred Income Tax | — | — | — | — | — | — | $193.0m | $200.9m | ($84.9m) | ($14.8m) | |
| Deferred Tax | — | — | — | — | — | — | $193.0m | $200.9m | ($84.9m) | ($14.8m) | |
| Share-based Payment Arrangement, Noncash Expense | — | $90.3m | $98.8m | $47.9m | $28.7m | $158.5m | $332.9m | $333.7m | $264.2m | $256.1m | |
| Share-based Payment Arrangement, Expense | — | — | — | $333.5m | $187.1m | $1.0b | $2.3b | $2.4b | $1.9b | $1.8b | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | — | — | — | — | — | — | $0 | $0 | |
| Impairment on long-term assets | — | — | — | — | $25.8m | $0 | $35.0m | $0 | $55.3m | $0 | |
| Share-based compensation expenses | — | $90.3m | $679.5m | $333.5m | $187.1m | $1.0b | $2.3b | $2.4b | $1.9b | $1.8b | |
| Asset Impairment Charge | — | — | — | — | — | — | $183.7m | $65.4m | $178.7m | $509.3m | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | — | — | $20.1m | $24.0m | ($614k) | ($2.1m) | |
| Gain (Loss) on Disposition of Property Plant Equipment | — | ($6.2m) | ($3.1m) | ($7.3m) | ($19.6m) | ($4.9m) | ($1.9m) | $630k | ($8.7m) | $6.2m | |
| Income (Loss) from Equity Method Investments | — | — | — | ($9.3m) | ($10.1m) | $9.8m | $54.8m | $9.1m | ($68.9m) | ($156.2m) | |
| Income Tax Expense (Benefit) | — | $7.9m | $3.2m | $1.1m | $976k | $6.6m | $8.0m | $36.7m | ($3.1m) | $17.4m | |
| Other Nonoperating Income (Expense) | — | ($58.7m) | ($3.1m) | $9.5m | ($55.9m) | $29.0m | ($41.0m) | $21.9m | ($13.4m) | $64.5m | |
| Operating lease liabilities | — | — | — | ($345.3m) | ($448.5m) | ($748.8m) | ($1.0b) | ($1.3b) | ($1.8b) | ($1.9b) | |
| Acquisitions of equity investments | — | — | — | — | — | — | ($279.0m) | ($421.7m) | ($392.4m) | ($565.4m) | |
| Proceeds from disposal and withdrawal of equity investments | — | — | — | $76.7m | — | — | $286.8m | $10.8m | — | $810.4m | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | ($377.8m) | ($64.4m) | $503.2m | $1.1b | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | — | — | — | $97.9m | ($36.5m) | $269.6m | $334.0m | ($63.9m) | ($409.1m) | ($42.6m) | |
| Increase (Decrease) in Inventories | — | $89.5m | $200.1m | ($81.8m) | $30.3m | $155.4m | $907.3m | ($407.8m) | $244.7m | $445.5m | |
| Increase (Decrease) in Accounts Payable | — | — | — | — | $499.1m | $982.4m | $1.7b | $686.0m | — | — | |
| Proceeds from Stock Options Exercised | — | $6.2m | $6.1m | $7.3m | $23.7m | $22.7m | $11.4m | $12.2m | $15.3m | $14.2m | |
| Equity Securities, FV-NI, Gain (Loss) | — | — | — | — | — | — | — | — | $336.3m | — | |
| Foreign Currency Transaction Gain (Loss), Unrealized | — | ($49.5m) | ($5.3m) | ($2.0m) | ($70.1m) | ($1.6m) | ($41.0m) | $7.8m | ($29.1m) | $48.7m | |
| Gain (Loss) on Investments | — | ($5.4m) | ($1.4m) | — | — | — | — | — | — | — | |
| Inventory Write-down | — | — | — | $1.5m | $889k | $173k | $21.6m | $9.2m | $16.9m | $72.8m | |
| Investment Income, Interest | — | $19.0m | $19.4m | — | — | — | — | — | — | — | |
| Operating Costs and Expenses | — | — | — | — | — | — | — | $7.8m | — | — | |
| Operating Expenses | — | $5.0b | $1.4b | $1.4b | $993.3m | $1.8b | $3.0b | $3.6b | $3.9b | $3.7b | |
| Proceeds from Contributed Capital | — | $13.4m | $2.1m | — | — | $15.7m | — | — | — | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | $0 | $5.0b | — | — | — | — | — | — | — | |
| Net loss | — | ($5.0b) | ($9.6b) | ($11.3b) | ($5.3b) | ($4.0b) | ($14.4b) | ($20.7b) | ($22.4b) | ($14.9b) | |
| Expected credit loss reversal | — | — | — | $0 | $9.7m | $54.3m | $48.7m | ($26.3m) | ($3.8m) | ($46.7m) | |
| Inventory write-downs | — | $0 | $0 | $10.4m | $5.8m | $1.1m | $148.7m | $65.4m | $123.3m | $509.3m | |
| Foreign exchange (gain)/loss | — | $49.5m | $36.6m | $13.9m | $457.4m | $10.1m | $282.9m | ($55.5m) | $212.0m | ($340.7m) | |
| Investment (income)/loss | — | — | — | — | — | ($105.6m) | ($174.9m) | ($969.1m) | $438.0m | ($213.8m) | |
| Share of (income)/loss of equity investees | — | $5.4m | $9.7m | $64.5m | $66.0m | ($62.5m) | ($377.8m) | ($64.4m) | $503.2m | $1.1b | |
| (Gain)/Loss on disposal of long-lived assets | — | $6.2m | $21.5m | $50.8m | $127.7m | $31.1m | $12.8m | ($4.5m) | $63.6m | ($43.3m) | |
| Prepayments and other current assets | — | ($404.8m) | ($811.1m) | ($58.7m) | $135.4m | ($38.9m) | ($1.2b) | $279.4m | $940.2m | ($106.2m) | |
| Inventory | — | ($89.5m) | ($1.4b) | $569.2m | ($197.8m) | ($990.5m) | ($6.3b) | $2.9b | ($1.8b) | ($3.1b) | |
| Other non-current assets | — | ($66.7m) | ($658.0m) | ($243.9m) | $131.7m | ($3.7b) | ($1.8b) | $2.6b | $1.4b | $793.6m | |
| Amounts due from related parties | — | — | $24.4m | $9.3m | ($119.1m) | ($1.4b) | $167.7m | ($329.7m) | ($6.0b) | ($8.4b) | |
| Taxes payable | — | $9.7m | $21.4m | ($7.9m) | $130.5m | $447.0m | ($341.6m) | $61.0m | $53.3m | $36.9m | |
| Trade and notes receivable | — | — | ($756.5m) | ($681.6m) | $237.9m | ($1.7b) | ($2.3b) | $453.4m | $3.0b | $298.2m | |
| Trade and notes payable | — | — | $2.6b | $241.6m | $3.3b | $6.3b | $11.7b | $4.9b | $4.7b | $18.3b | |
| Accruals and other liabilities | — | $603.4m | $1.3b | $848.4m | $836.5m | $2.5b | $4.1b | $1.8b | $1.3b | ($312.7m) | |
| Amounts due to related parties, current | — | — | — | — | — | — | ($299.3m) | $177.3m | ($152.3m) | $199.9m | |
| Amounts due to related parties, non-current | — | — | — | — | — | — | — | — | $329.5m | $204.0m | |
| Other non-current liabilities | — | $78.6m | $291.1m | $220.9m | $403.8m | $1.8b | $1.6b | $1.5b | $1.7b | ($174.6m) | |
| Purchase of retained asset-backed securities | — | — | — | — | — | — | — | ($43.0m) | ($124.0m) | — | |
| Proceeds from maturities of retained asset-backed securities | — | — | — | — | — | — | — | $16.9m | $83.0m | $43.6m | |
| Proceeds from exercise of stock options | — | $6.2m | $42.3m | $50.8m | $154.9m | $144.6m | $78.7m | $86.8m | $111.3m | $99.1m | |
| Capital withdrawal by non-controlling interests | — | — | — | — | ($10.5m) | ($1.0m) | ($3.2m) | ($250k) | ($343k) | ($61.8m) | |
| Distributions to non-controlling interests | — | — | — | — | — | — | ($32.6m) | — | — | ($72.7m) | |
| Capital injection from redeemable non-controlling interests | — | — | — | — | $5.0b | — | — | — | $3.3b | $500.0m | |
| Proceeds from issuance of convertible senior notes | — | $312.6m | $0 | $4.3b | $3.0b | $9.6b | — | $8.1b | — | — | |
| Repurchase of convertible senior notes | — | ($325.0m) | $0 | $0 | — | — | ($1.2b) | ($3.4b) | ($3.3b) | ($2.7b) | |
| Proceeds from borrowings from third parties | — | $633.7m | $2.7b | $1.4b | $1.6b | $6.1b | $6.9b | $8.0b | $9.2b | $5.5b | |
| Repayments of borrowings from third parties | — | — | ($120.2m) | ($2.6b) | ($964.8m) | ($2.4b) | ($8.6b) | ($6.1b) | ($7.5b) | ($8.3b) | |
| Proceeds from borrowings from related parties | — | — | $66.2m | $25.8m | $260.0m | — | — | — | — | $87.3m | |
| Principal payments on finance leases | — | — | — | ($43.9m) | ($42.5m) | ($32.9m) | ($27.5m) | ($37.5m) | ($37.9m) | ($101.1m) | |
| Proceeds from issuance of ordinary shares, net of issuance costs | — | $0 | $7.5b | $0 | $34.6b | $12.7b | — | $21.0b | — | $11.9b | |
| Accretion on redeemable non-controlling interests to redemption value | — | — | $63.3m | $126.6m | $311.7m | $6.6b | $279.4m | $303.2m | $347.5m | $609.9m | |
| Settlement of capped call options and zero strike call options (Note 12 (iv)) | — | — | — | — | — | $1.8b | — | — | $709.5m | — | |
| Beginning Cash Position | — | — | — | — | — | — | $18.4b | $23.2b | $38.6b | $27.7b | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($1.6b) | $27.7b | $1.8b | $6.8b | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | $10.4b | ($10.9b) | ($5.0b) | ($11.5b) | |
| Change In Account Payable | — | — | — | — | — | — | $11.7b | $4.9b | $4.7b | $18.3b | |
| Change In Accrued Expense | — | — | — | — | — | — | $4.1b | $1.8b | $1.3b | ($312.7m) | |
| Change In Income Tax Payable | — | — | — | — | — | — | ($341.6m) | $61.0m | $53.3m | $36.9m | |
| Change In Inventory | — | — | — | — | — | — | ($6.3b) | $2.9b | ($1.8b) | ($3.1b) | |
| Change In Other Current Assets | — | — | — | — | — | — | ($1.8b) | $2.6b | $1.4b | $793.6m | |
| Change In Other Current Liabilities | — | — | — | — | — | — | $604.3m | $250.0m | ($135.7m) | ($2.1b) | |
| Change In Other Working Capital | — | — | — | — | — | $25.2m | $193.0m | — | — | — | |
| Change In Payable | — | — | — | — | — | — | $11.0b | $5.1b | $4.9b | $18.7b | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $15.1b | $6.9b | $6.2b | $18.4b | |
| Change In Prepaid Assets | — | — | — | — | — | — | ($1.2b) | $279.4m | $940.2m | ($106.2m) | |
| Change In Receivables | — | — | — | — | — | — | ($2.1b) | $123.7m | ($3.0b) | ($8.1b) | |
| Change In Tax Payable | — | — | — | — | — | — | ($341.6m) | $61.0m | $53.3m | $36.9m | |
| Change In Working Capital | — | — | — | — | — | — | $4.3b | $13.1b | $3.6b | $5.8b | |
| Changes In Account Receivables | — | — | — | — | — | — | ($2.3b) | $453.4m | $3.0b | $298.2m | |
| Changes In Cash | — | — | — | — | — | — | $4.9b | $15.4b | ($11.0b) | ($1.6b) | |
| End Cash Position | — | — | — | — | — | — | $23.2b | $38.6b | $27.7b | $26.1b | |
| Financing Cash Flow | — | — | — | — | — | — | ($1.6b) | $27.7b | $1.8b | $6.8b | |
| Free Cash Flow | — | — | — | — | — | — | ($10.8b) | ($15.7b) | ($17.0b) | ($3.1b) | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | ($174.9m) | ($969.1m) | $438.0m | ($213.8m) | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | $12.8m | ($4.5m) | $63.6m | ($43.3m) | |
| Investing Cash Flow | — | — | — | — | — | — | $10.4b | ($10.9b) | ($5.0b) | ($11.5b) | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $0 | $21.0b | $0 | $11.9b | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $7.7m | ($421.7m) | ($392.4m) | ($565.4m) | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | — | — | — | $282.9m | ($55.5m) | $212.0m | ($340.7m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($7.0b) | ($14.3b) | ($8.9b) | ($6.0b) | |
| Operating Gains Losses | — | — | — | — | — | — | ($395.3m) | ($1.3b) | $1.2b | $509.1m | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $78.7m | $86.8m | $111.3m | $99.1m | |
| Provisionand Write Offof Assets | — | — | — | — | — | — | $48.7m | ($26.3m) | ($3.8m) | ($46.7m) | |
| Purchase Of Business | — | — | — | — | — | — | ($279.0m) | ($421.7m) | ($392.4m) | ($565.4m) | |
| Purchase Of PPE | — | — | — | $245.2m | $172.8m | $640.0m | ($7.0b) | ($14.3b) | ($9.1b) | ($6.1b) | |
| Sale Of Business | — | — | — | — | — | $0 | $286.8m | $0 | $0 | — | |
| Sale Of PPE | — | — | — | — | — | — | $3.6m | $73.1m | $231.5m | $113.5m | |
| Stock Based Compensation | — | — | — | — | — | — | $2.3b | $2.4b | $1.9b | $1.8b | |
| Other Operating Income (Expense), Net | — | — | — | — | — | $23.9m | $85.4m | $85.8m | $56.4m | $105.2m | |
| Net Cash Provided by (Used in) Operating Activities | — | ($4.6b) | ($1.2b) | ($1.3b) | $299.0m | $308.6m | ($560.5m) | ($194.6m) | ($1.1b) | $427.9m | |
| Cash flows from investing activities: | |||||||||||
| Purchase of property, plant and equipment and intangible assets | — | $410.7m | $1.0b | $1.1b | $749.8m | $1.5b | $4.2b | $4.4b | $3.9b | $4.5b | |
| Purchase of short-term investments | — | — | ($8.1b) | ($2.2b) | ($7.6b) | ($134.3b) | ($87.6b) | ($43.9b) | ($46.0b) | ($29.4b) | |
| Purchase of available-for-sale debt investment | — | — | — | — | — | ($650.0m) | ($120.0m) | $0 | ($52.8m) | ($1.8m) | |
| Purchase of held to maturity debt investments | — | — | — | — | — | ($1.3b) | ($1.8b) | ($35.0m) | ($17.7m) | ($6.5m) | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | $17.3b | $3.8b | $4.3b | ($4.9b) | |
| Purchase Of Investment | — | — | — | — | — | — | ($89.6b) | ($44.0b) | ($46.2b) | ($29.4b) | |
| Proceeds from maturities of short-term investments | — | — | — | — | — | $101.1b | $106.7b | $47.8b | $50.4b | $23.6b | |
| Sale Of Investment | — | — | — | — | — | — | $106.9b | $47.8b | $50.5b | $24.5b | |
| Net Cash Provided by (Used in) Investing Activities | — | ($1.2b) | ($1.2b) | $485.8m | ($777.2m) | ($6.2b) | $1.5b | ($1.5b) | ($679.3m) | ($1.6b) | |
| Cash flows from financing activities: | |||||||||||
| Issuance Of Debt | — | — | — | — | — | — | $6.9b | $16.1b | $9.2b | $5.6b | |
| Long Term Debt Issuance | — | — | — | — | — | — | $6.9b | $16.1b | $9.2b | $5.6b | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($1.7b) | $6.6b | ($1.6b) | ($5.5b) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($1.7b) | $6.6b | ($1.6b) | ($5.5b) | |
| Repayments of Long-term Debt | — | — | $17.5m | $375.0m | — | — | — | — | — | — | |
| Long Term Debt Payments | — | — | — | — | — | — | ($8.6b) | ($9.5b) | ($10.9b) | ($11.1b) | |
| Repayment Of Debt | — | — | — | — | — | — | ($8.6b) | ($9.5b) | ($10.9b) | ($11.1b) | |
| Proceeds from Issuance of Common Stock | — | — | $1.1b | — | $5.3b | $2.0b | — | $3.0b | — | $1.7b | |
| Common Stock Issuance | — | — | — | — | — | — | $0 | $21.0b | $0 | $11.9b | |
| Net Common Stock Issuance | — | — | — | — | — | — | $0 | $21.0b | $0 | $11.9b | |
| Payments for Repurchase of Common Stock | — | — | $1.1m | — | — | — | — | — | — | — | |
| Proceeds from Noncontrolling Interests | — | — | $184.1m | — | — | — | — | — | — | — | |
| Proceeds from (Payments to) Noncontrolling Interests | — | — | $6.9m | — | — | — | — | — | — | — | |
| Net Other Financing Charges | — | — | — | — | — | — | ($35.9m) | ($250k) | $3.3b | $365.5m | |
| Net Cash Provided by (Used in) Financing Activities | — | $12.9b | $1.7b | $444.6m | $6.3b | $2.8b | ($234.4m) | $3.9b | $242.8m | $978.7m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | ($168.1m) | ($8.3m) | $1.5m | ($104.5m) | ($78.6m) | ($17.7m) | $9.9m | $22.1m | ($2.3m) | |
| Effects of exchange rate changes on cash, cash equivalents and restricted cash | — | ($168.1m) | ($56.9m) | $10.2m | ($682.0m) | ($501.0m) | ($121.9m) | $70.3m | $161.0m | ($16.3m) | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($121.9m) | $70.3m | $161.0m | ($16.3m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $6.9b | ($626.4m) | ($321.0m) | $5.8b | ($3.2b) | $693.1m | $2.2b | ($1.5b) | ($234.4m) | |
| NET INCREASE/(DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | $6.9b | ($4.3b) | ($2.2b) | $37.6b | ($20.2b) | $4.8b | $15.5b | ($10.9b) | ($1.6b) | ||
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $1.1b | $469.0m | $142.2m | $5.9b | $2.9b | $3.4b | $5.4b | $3.8b | $3.7b | |
| Cash, cash equivalents and restricted cash at beginning of the year | — | $7.5b | $3.2b | $989.9m | $38.5b | $18.4b | $23.2b | $38.6b | $27.7b | $26.1b | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $4.8b | $15.5b | ($10.9b) | ($1.6b) | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | $15.4m | $16.4m | $37.4m | $51.2m | $34.3m | $39.8m | $40.2m | $87.9m | $125.8m | |
| Income Taxes Paid, Net | — | $1.1m | $1.6m | $2.6m | $2.0m | $943k | $11.2m | $5.1m | $9.0m | $144.1m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.