← NetEase, 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 | — | — | — | — | — | — | $19.2b | $29.4b | $30.3b | $34.8b | |
| Net Income (Loss) Attributable to Parent | $1.7b | — | — | — | — | — | $20.3b | $29.4b | $29.7b | $33.8b | |
| Net Income (Loss) Available to Common Stockholders, Basic | — | $1.6b | $894.8m | $3.1b | $1.8b | $2.6b | $2.9b | $4.1b | $4.1b | $4.8b | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $1.7b | $1.7b | $942.1m | $3.1b | $1.9b | $2.7b | $2.9b | $4.1b | $4.1b | $5.0b | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | $1.9b | $1.9b | $2.7b | $2.8b | $4.1b | $4.1b | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | $1.1b | — | — | $90.6m | — | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $27.1m | — | $11.2m | ($11.2m) | ($79.6m) | ($65.5m) | ($72.1m) | ($8.9m) | $76.0m | $147.8m | |
| Depreciation, Depletion and Amortization | $47.2m | $123.2m | $303.0m | $375.4m | $529.9m | $514.0m | $414.4m | $430.3m | $331.2m | $321.4m | |
| Depreciation | $312.9m | $522.2m | $954.7m | $1.1b | $1.1b | $928.5m | $1.1b | $769.7m | $2.4b | $2.2b | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $2.9b | $3.1b | $2.4b | $2.2b | |
| Deferred Income Tax Expense (Benefit) | $66.7m | ($438.0m) | ($69.9m) | $150.6m | $88.2m | $407.9m | $489.7m | $131.4m | $320.7m | ($1.3b) | |
| Deferred Income Tax | — | — | — | — | — | — | $489.7m | $131.4m | $320.7m | ($1.3b) | |
| Deferred Tax | — | — | — | — | — | — | $489.7m | $131.4m | $320.7m | ($1.3b) | |
| Share-based Payment Arrangement, Noncash Expense | $142.6m | $308.1m | $367.9m | $345.3m | $408.2m | $477.3m | $460.2m | $456.7m | $532.0m | $521.6m | |
| Share-based Payment Arrangement, Expense | $990.1m | $2.0b | $2.5b | $2.4b | $2.7b | $3.0b | $3.2b | $3.2b | $3.9b | $3.6b | |
| Goodwill, Impairment Loss | — | — | — | — | $0 | $0 | $0 | $0 | $0 | $0 | |
| Marketable Securities, Gain (Loss), Excluding Other-than-temporary Impairment Loss | $303.4m | $389.5m | $463.6m | $657.6m | $580.7m | $639.8m | $342.6m | $414.2m | $530.6m | $1.1b | |
| Asset Impairment Charge | — | — | — | — | — | — | $300.2m | $469.2m | $1.3b | $2.7b | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($184k) | ($780k) | $201k | ($736k) | ($993k) | ($8.5m) | ($525k) | ($799k) | $652k | $4.3m | |
| Income (Loss) from Equity Method Investments | ($12.4m) | ($1.9m) | ($14.3m) | $621k | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $302.8m | $332.3m | $358.8m | $418.7m | $466.2m | $647.8m | $729.5m | $661.9m | $748.2m | $862.7m | |
| Other Nonoperating Income (Expense) | $54.4m | $42.6m | $87.2m | $63.1m | $113.0m | $111.5m | $122.8m | $148.4m | $82.5m | $155.4m | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | ($1.3b) | ($473.9m) | $155.6m | $1.5b | |
| Changes in operating assets and liabilities: | |||||||||||
| Noncash investing and financing activities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $237.2m | ($86.9m) | $103.4m | $1.6m | $81.3m | $186.2m | ($80.4m) | $207.1m | ($98.1m) | ($37.8m) | |
| Increase (Decrease) in Inventories | $109.5m | $598.9m | ($66.5m) | ($59.6m) | ($4.6m) | $53.9m | $4.0m | ($41.8m) | ($17.0m) | $16.8m | |
| Increase (Decrease) in Accounts Payable | $87.0m | $169.2m | ($12.4m) | $1.9m | ($13.2m) | ($24.4m) | $64.9m | ($78.8m) | $12.5m | ($10.2m) | |
| Accounts Receivable, Credit Loss Expense (Reversal) | $1.4m | $9.3m | $7.4m | ($30.9m) | $40.6m | $265.9m | $8.9m | $8.6m | $256.0m | $367.4m | |
| Purchases of property and equipment, accrued but unpaid | $163.6m | $283.3m | $367.7m | $173.7m | $161.8m | $251.4m | $304.5m | $324.2m | $174.7m | $152.3m | |
| Equity Securities, FV-NI, Gain (Loss) | — | — | — | $763.2m | $720.6m | $91.1m | ($3.4b) | $535.3m | $1.2b | ($1.2b) | |
| Foreign Currency Transaction Gain (Loss), before Tax | $21.1m | ($69.0m) | ($16.5m) | $3.6m | ($477.0m) | ($77.0m) | $227.8m | ($18.7m) | $35.0m | ($111.0m) | |
| Foreign Currency Transaction Gain (Loss), Unrealized | $24.0m | ($67.3m) | ($5.7m) | $1.4m | ($475.5m) | ($76.7m) | $232.6m | ($16.9m) | $98.5m | ($98.5m) | |
| General and Administrative Expense | $216.9m | $373.5m | $464.2m | $449.6m | $516.8m | $669.0m | $680.8m | $690.1m | $623.4m | $604.6m | |
| Goodwill | — | — | — | — | $318.9m | $595.3m | $2.2b | $1.9b | $1.9b | $1.9b | |
| Operating Expenses | $1.3b | $2.1b | $3.0b | $2.6b | $3.7b | $4.8b | $4.8b | $5.0b | $5.0b | $5.2b | |
| Beginning Cash Position | — | — | — | — | — | — | $17.4b | $27.6b | $24.2b | $54.5b | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($10.2b) | ($21.5b) | ($27.3b) | ($20.2b) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($7.4b) | ($17.0b) | $17.9b | ($33.2b) | |
| Change In Account Payable | — | — | — | — | — | — | $447.7m | ($559.4m) | $91.1m | ($71.6m) | |
| Change In Accrued Expense | — | — | — | — | — | — | $1.9b | $1.2b | $1.5b | $1.9b | |
| Change In Income Tax Payable | — | — | — | — | — | — | ($917.6m) | ($244.3m) | $187.8m | $1.1b | |
| Change In Inventory | — | — | — | — | — | — | ($27.6m) | $296.8m | $123.8m | ($117.6m) | |
| Change In Other Working Capital | — | — | — | — | — | — | $385.4m | $1.2b | $2.0b | $5.4b | |
| Change In Payable | — | — | — | — | — | — | ($45.4m) | ($866.6m) | $68.0m | $1.2b | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $1.9b | $300.1m | $1.6b | $3.0b | |
| Change In Prepaid Assets | — | — | — | — | — | — | $731.1m | $87.6m | ($809.6m) | $100.7m | |
| Change In Receivables | — | — | — | — | — | — | $554.3m | ($1.5b) | $716.4m | $264.1m | |
| Change In Tax Payable | — | — | — | — | — | — | ($917.6m) | ($244.3m) | $187.8m | $1.1b | |
| Change In Working Capital | — | — | — | — | — | — | $3.5b | $375.9m | $3.7b | $8.7b | |
| Changes In Account Receivables | — | — | — | — | — | — | $554.3m | ($1.5b) | $716.4m | $264.1m | |
| Changes In Cash | — | — | — | — | — | — | $10.1b | ($3.2b) | $30.3b | ($2.6b) | |
| End Cash Position | — | — | — | — | — | — | $27.6b | $24.2b | $54.5b | $51.5b | |
| Financing Cash Flow | — | — | — | — | — | — | ($10.2b) | ($21.5b) | ($27.3b) | ($20.2b) | |
| Free Cash Flow | — | — | — | — | — | — | $25.1b | $31.1b | $37.5b | $48.7b | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | ($1.8b) | ($63.8m) | ($272.4m) | ($440.9m) | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | $3.6m | $5.7m | ($4.8m) | ($30.3m) | |
| Investing Cash Flow | — | — | — | — | — | — | ($7.4b) | ($17.0b) | $17.9b | ($33.2b) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $1.7b | ($292.0m) | $2.3b | $2.8b | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | — | — | — | ($1.6b) | $119.9m | ($719.2m) | $688.9m | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | — | ($543.2m) | ($2.0b) | ($931.0m) | ($987.1m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($2.1b) | ($2.3b) | ($1.3b) | ($1.0b) | |
| Operating Gains Losses | — | — | — | — | — | — | ($4.7b) | ($412.1m) | ($840.8m) | $1.8b | |
| Provisionand Write Offof Assets | — | — | — | — | — | — | $61.4m | $61.1m | $68.9m | $367.5m | |
| Purchase Of Business | — | — | — | — | — | — | ($705.9m) | ($444.6m) | ($513.4m) | ($268.9m) | |
| Purchase Of Intangibles | — | — | — | — | — | — | ($543.2m) | ($2.0b) | ($931.0m) | ($987.1m) | |
| Purchase Of PPE | $163.6m | $283.3m | $367.7m | $173.7m | $161.8m | $251.4m | ($2.1b) | ($2.3b) | ($1.3b) | ($1.1b) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($8.3b) | ($5.2b) | ($8.8b) | ($639.3m) | |
| Sale Of Business | — | — | — | — | — | — | $2.4b | $152.6m | $2.8b | $3.0b | |
| Sale Of PPE | — | — | — | — | — | — | $41.5m | $10.3m | $14.5m | $45.9m | |
| Stock Based Compensation | — | — | — | — | — | — | $3.2b | $3.2b | $3.9b | $3.6b | |
| Unrealized Gain Loss On Investment Securities | — | — | — | — | — | — | $2.8b | ($949.5m) | ($1.4b) | ($2.3b) | |
| Net Cash Provided by (Used in) Operating Activities | $2.2b | $1.8b | $2.0b | $2.5b | $3.8b | $3.9b | $4.0b | $5.0b | $5.4b | $7.3b | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $163.6m | $283.3m | $367.7m | $173.7m | $161.8m | $251.4m | $304.5m | $324.2m | $174.7m | $152.3m | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($6.1b) | ($10.3b) | $18.6b | ($27.1b) | |
| Purchase Of Investment | — | — | — | — | — | — | ($109.3b) | ($127.1b) | ($163.6b) | ($192.6b) | |
| Sale Of Investment | — | — | — | — | — | — | $103.2b | $116.8b | $182.2b | $165.5b | |
| Payments for (Proceeds from) Other Investing Activities | $25.0m | $34.4m | — | — | — | — | — | — | — | — | |
| Net Other Investing Changes | — | — | — | — | — | — | ($323.8m) | ($2.2b) | ($814.9m) | ($6.8b) | |
| Net Cash Provided by (Used in) Investing Activities | — | ($2.0b) | ($2.0b) | ($3.2b) | ($4.5b) | ($1.1b) | ($1.1b) | ($2.4b) | $2.5b | ($4.7b) | |
| Cash flows from financing activities: | |||||||||||
| Issuance Of Debt | — | — | — | — | — | — | $6.4b | $13.6b | $13.9b | $5.6b | |
| Long Term Debt Issuance | — | — | — | — | — | — | $6.4b | $13.6b | $13.9b | $5.6b | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $4.8b | ($8.3b) | ($7.5b) | ($5.8b) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $6.1b | $5.3b | ($819.3m) | ($6.0b) | |
| Net Short Term Debt Issuance | — | — | — | — | — | — | ($1.3b) | ($13.7b) | ($6.7b) | $243.6m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($273.6m) | ($8.2b) | ($14.7b) | ($11.6b) | |
| Repayment Of Debt | — | — | — | — | — | — | ($273.6m) | ($8.2b) | ($14.7b) | ($11.6b) | |
| Short Term Debt Payments | — | — | — | — | — | ($2.7b) | ($1.3b) | — | — | — | |
| Proceeds from Issuance of Common Stock | — | — | — | — | $3.4b | — | — | — | — | — | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($8.3b) | ($5.2b) | ($8.8b) | ($639.3m) | |
| Payments for Repurchase of Common Stock | $172.7m | $316.9m | $1.1b | — | — | — | — | — | — | — | |
| Payments of Ordinary Dividends, Common Stock | $367 | $501 | $209 | $1k | $656 | $551 | $975 | $1k | $2k | $2k | |
| Common Stock Payments | — | — | — | — | — | — | ($8.3b) | ($5.2b) | ($8.8b) | ($639.3m) | |
| Proceeds from Noncontrolling Interests | $1k | $47.9m | $2.3m | $244.0m | $29.8m | $450.4m | — | — | — | — | |
| Dividends Payable | $0 | $0 | $0 | $0 | — | — | — | $0 | $0 | $0 | |
| Cash Dividends Paid | — | — | — | — | — | — | ($6.7b) | ($8.0b) | ($11.2b) | ($13.8b) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($6.7b) | ($8.0b) | ($11.2b) | ($13.8b) | |
| Net Other Financing Charges | — | — | — | — | — | — | ($30.9m) | $86.2m | $136.0m | $103.8m | |
| Net Cash Provided by (Used in) Financing Activities | — | ($200.2m) | $230.9m | $155.5m | $1.5b | ($2.0b) | ($1.5b) | ($3.0b) | ($3.7b) | ($2.9b) | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | $110.4m | ($202.5m) | $10.8m | ($382.5m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $220.4m | ($547.1m) | $884.4m | $817.2m | $1.5b | ($476.3m) | $4.1b | ($426.7m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $1.5b | $918.8m | $1.9b | $2.7b | — | — | — | — | |
| Restricted Cash and Investments, Current | $500.3m | — | — | — | — | — | — | — | — | — | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $10.2b | ($3.4b) | $30.3b | ($3.0b) | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $43.9m | $62.0m | $37.7m | $29.4m | $85.3m | $109.8m | $67.1m | $55.5m | |
| Income Taxes Paid, Net | $158.0m | $417.0m | $291.9m | $458.8m | $313.6m | $556.6m | $738.3m | $689.6m | $711.0m | $919.1m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.