← Qfin Holdings, 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 | — | — | — | — | — | $4.0b | $4.3b | $6.2b | $6.0b | |
| Net Income (Loss) Attributable to Parent | $164.9m | $173.6m | $2.5b | $3.5b | $5.8b | $4.0b | $4.3b | $6.2b | $6.0b | |
| Net Income (Loss) Available to Common Stockholders, Basic | $164.9m | ($277.0m) | $359.3m | $535.9m | $907.3m | $583.5m | $603.6m | $858.2m | $856.5m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $164.9m | $173.6m | $359.3m | $535.7m | $904.6m | $580.8m | $601.2m | $856.0m | $854.5m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | ($42k) | ($137k) | ($2.7m) | ($2.7m) | ($2.4m) | ($2.2m) | ($2.0m) | |
| Depreciation, Depletion and Amortization | $1.3m | $547k | $1.1m | $5.5m | $10.4m | $11.2m | $10.4m | $10.3m | $9.7m | |
| Amortization of Debt Issuance Costs | — | — | — | — | — | — | — | — | $3.2m | |
| Depreciation | $1.3m | $3.4m | $6.8m | — | $13.5m | $14.3m | $15.4m | $12.9m | $10.7m | |
| Depreciation, amortization and reduction in right-of-use assets | $1.3m | $3.8m | $7.6m | $36.1m | $66.0m | $77.0m | $73.8m | $74.9m | $68.1m | |
| Depreciation Amortization Depletion | — | — | — | — | — | $77.0m | $73.8m | $74.9m | $68.1m | |
| Deferred Income Tax Expense (Benefit) | ($67.6m) | $91.3m | ($713.1m) | ($769.6m) | $204.2m | ($208.5m) | $73.0m | $83.5m | ($304.2m) | |
| Deferred tax | ($67.6m) | $91.3m | ($713.1m) | ($326.5m) | $647.4m | ($205.0m) | $78.1m | $76.0m | ($292.9m) | |
| Share-based Payment Arrangement, Noncash Expense | — | $88.3m | $36.0m | $46.2m | $39.8m | $29.0m | $26.1m | $23.0m | $54.1m | |
| Share-based Payment Arrangement, Expense | — | $607.4m | $250.4m | $301.2m | $253.9m | $199.7m | $185.6m | $167.6m | $378.4m | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | — | $0 | $0 | |
| Share-based compensation | — | $607.4m | $250.4m | $301.2m | $253.9m | $199.7m | $185.6m | $167.6m | $378.4m | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | — | — | — | — | $38.6m | |
| Income Tax Expense (Benefit) | $48.2m | $67.8m | $66.9m | $89.8m | $197.4m | $106.8m | $142.1m | $225.3m | $200.3m | |
| Operating Lease, Expense | — | — | $20.1m | $29.0m | $51.6m | $63.7m | $61.0m | $62.4m | $61.3m | |
| Other Nonoperating Income (Expense) | $22k | $1.1m | $20.1m | $17.3m | $10.1m | $38.9m | $32.5m | $17.2m | $23.6m | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | $0 | $19.9m | — | — | — | |
| Changes in operating assets and liabilities: | ||||||||||
| Additional Financial Items | ||||||||||
| Increase (Decrease) in Accounts Receivable | $363.0m | $223.4m | $108.5m | $78.6m | $128.7m | $4.8m | $17.4m | ($50.4m) | ($133.1m) | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | ($373k) | ($3.6m) | $15.6m | $5.6m | ($23.2m) | $332k | $207k | $22.8m | |
| Gain (Loss) on Investments | — | — | — | — | — | ($2.9m) | ($4.2m) | — | — | |
| General and Administrative Expense | $46.0m | $82.8m | $61.5m | $69.9m | $87.5m | $59.9m | $59.3m | $61.6m | $94.2m | |
| Goodwill | — | — | — | — | — | — | $5.8m | $5.8m | $6.5m | |
| Investment Income, Interest | $2.4m | $1.5m | — | — | — | — | — | — | — | |
| Provision for Loan, Lease, and Other Losses | $12.4m | $6.5m | $70.0m | $107.1m | $151.5m | $229.1m | $303.0m | $379.9m | $518.4m | |
| Unrealized Gain (Loss) on Derivatives | — | — | — | — | — | — | — | — | ($25.1m) | |
| Investment loss | — | — | — | — | — | $19.9m | $30.1m | — | — | |
| Provision for loan principal, financial assets receivables and other receivables | $49.9m | $182.2m | $883.4m | $1.2b | $1.6b | $2.2b | $2.7b | $3.5b | $4.2b | |
| Provision for contingent liabilities | — | — | — | $4.8b | $3.1b | $4.4b | $3.1b | $478.4m | $1.7b | |
| Foreign exchange gain | — | $16.7m | $19.5m | ($101.5m) | ($35.5m) | $160.2m | ($2.4m) | ($1.5m) | ($159.6m) | |
| Fair value change of derivatives | — | — | — | — | — | — | $4.5m | — | $175.7m | |
| Fair value change of foreign exchange options | — | — | — | — | — | ($4.7m) | $4.5m | — | — | |
| Funds receivable from third party payment service providers | ($124.8m) | ($10.1m) | $23.8m | ($12.6m) | ($21.7m) | ($1.0b) | ($444.6m) | $1.1b | ($386.1m) | |
| Accounts receivable and contract assets | ($363.0m) | ($1.5b) | ($755.1m) | ($512.8m) | ($819.9m) | ($33.2m) | ($123.4m) | $367.8m | $930.7m | |
| Financial assets receivable | ($265.0m) | ($971.6m) | ($929.1m) | ($2.5b) | ($436.5m) | $338.0m | $143.5m | $1.1b | ($244.0m) | |
| Prepaid expenses and other assets | ($27.5m) | ($61.8m) | ($536.2m) | $253.2m | $11.4m | $987k | $58.3m | ($1.1b) | $742.0m | |
| Security deposit prepaid to third-party guarantee companies | — | ($795.7m) | ($137.3m) | $17.8m | $40.3m | $478.2m | $189.6m | $44.5m | ($163.1m) | |
| Other non-current assets | — | — | ($55.4m) | ($18.4m) | ($27.8m) | ($53.0m) | ($28.0m) | ($27.7m) | $22.6m | |
| Amounts due to related parties | ($6.0m) | ($383.2m) | ($49.3m) | $200.0m | ($776.4m) | $443.1m | $355.3m | $28.1m | ($58.9m) | |
| Guarantee liabilities | $295.2m | $1.1b | $1.5b | ($1.9b) | ($2.7b) | ($4.9b) | ($3.4b) | ($3.4b) | ($1.7b) | |
| Income tax payable | $115.3m | $316.7m | $624.2m | $171.1m | ($603.2m) | $36.9m | $76.3m | $298.5m | $42.5m | |
| Other tax payable | $31.2m | $133.1m | $99.4m | $52.1m | ($13.1m) | ($59.0m) | $13.0m | ($11.4m) | ($66.6m) | |
| Accrued expenses and other current liabilities | $85.1m | $417.7m | $206.7m | $88.8m | $897.7m | ($105.6m) | $52.6m | $485.7m | $265.0m | |
| Other long-term liabilities | — | — | $31.2m | ($16.2m) | ($1.8m) | $8.6m | ($7.3m) | ($4.2m) | $6.6m | |
| Interest receivable/ payable | — | — | ($27.1m) | $33.2m | ($50.0m) | ($31.3m) | ($136.4m) | ($73.6m) | ($67.5m) | |
| Purchase of property and equipment and intangible assets | ($7.1m) | ($8.6m) | ($25.6m) | ($15.3m) | ($25.3m) | ($27.0m) | ($84.6m) | ($153.2m) | ($240.5m) | |
| Investment in loans receivable | ($2.8b) | ($4.9b) | ($26.3b) | ($38.7b) | ($40.2b) | ($59.8b) | ($92.2b) | ($102.8b) | ($120.4b) | |
| Collection of investment in loans receivable | $1.6b | $5.3b | $17.5b | $39.6b | $34.1b | $52.6b | $81.1b | $98.3b | $107.5b | |
| Capital injection to investees | — | — | — | — | $0 | ($9.2m) | ($20.8m) | ($17.8m) | — | |
| Proceeds from disposal of short-term investments | — | — | — | — | — | $17.9m | $303.3m | $1.3b | $10.5b | |
| Payment of Secondary Listing costs | — | — | — | — | — | ($15.8m) | ($16.0m) | — | — | |
| Repayment of short-term loans | — | — | ($1.5b) | ($200.0m) | ($150.0m) | ($643.0m) | ($176.0m) | ($1.3b) | ($2.0b) | |
| Proceeds from short-term loans | — | — | $1.7b | $186.8m | $364.1m | $340.2m | $824.6m | $1.9b | $1.9b | |
| Proceeds from long-term loans | — | — | — | — | — | $17.9m | $72.8m | $157.2m | $215.9m | |
| Cash received from investors of the consolidated trusts | $1.0b | $600.0m | $8.4b | $3.1b | $5.9b | $8.6b | $10.4b | $13.5b | $19.1b | |
| Cash paid to investors of the consolidated trusts | — | ($1.3b) | ($847.5m) | ($6.4b) | ($4.2b) | ($4.3b) | ($8.5b) | ($12.1b) | ($13.2b) | |
| Stock repurchase | — | — | — | — | — | — | ($636.2m) | ($3.0b) | ($4.8b) | |
| Loans received from non-controlling interests | — | — | — | — | $344.5m | $3.0m | — | — | $9.2m | |
| Beginning Cash Position | — | — | — | — | — | $8.8b | $10.5b | $7.6b | $6.8b | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | $3.2b | $1.1b | ($2.1b) | $2.8b | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | ($7.4b) | ($11.1b) | ($8.0b) | ($13.1b) | |
| Change In Accrued Expense | — | — | — | — | — | ($105.6m) | $52.6m | $485.7m | $265.0m | |
| Change In Income Tax Payable | — | — | — | — | — | ($22.1m) | $89.4m | $287.1m | ($24.1m) | |
| Change In Other Current Assets | — | — | — | — | — | ($53.0m) | ($28.0m) | ($27.7m) | $22.6m | |
| Change In Other Current Liabilities | — | — | — | — | — | ($4.9b) | ($3.4b) | ($3.4b) | ($1.7b) | |
| Change In Other Working Capital | — | — | — | — | — | $446.9m | $53.3m | ($29.1m) | ($230.6m) | |
| Change In Payable | — | — | — | — | — | $421.0m | $444.6m | $315.3m | ($83.0m) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | $315.4m | $497.3m | $801.0m | $182.0m | |
| Change In Prepaid Assets | — | — | — | — | — | $987k | $58.3m | ($1.1b) | $742.0m | |
| Change In Receivables | — | — | — | — | — | ($700.8m) | ($424.6m) | $2.6b | $300.7m | |
| Change In Tax Payable | — | — | — | — | — | ($22.1m) | $89.4m | $287.1m | ($24.1m) | |
| Change In Working Capital | — | — | — | — | — | ($5.1b) | ($3.2b) | ($1.1b) | ($953.9m) | |
| Changes In Account Receivables | — | — | — | — | — | ($700.8m) | ($424.6m) | $2.6b | $300.7m | |
| Changes In Cash | — | — | — | — | — | $1.8b | ($3.0b) | ($765.2m) | $785.6m | |
| End Cash Position | — | — | — | — | — | $10.5b | $7.6b | $6.8b | $7.5b | |
| Financing Cash Flow | — | — | — | — | — | $3.2b | $1.1b | ($2.1b) | $2.8b | |
| Free Cash Flow | — | — | — | — | — | $5.9b | $7.0b | $9.2b | $10.8b | |
| Gain Loss On Investment Securities | — | — | — | — | — | $19.9m | $30.1m | $0 | $0 | |
| Investing Cash Flow | — | — | — | — | — | ($7.4b) | ($11.1b) | ($8.0b) | ($13.1b) | |
| Issuance Of Capital Stock | — | — | — | — | $0 | $254.9m | $0 | $0 | — | |
| Net Business Purchase And Sale | — | — | — | — | ($1.5m) | $3.3m | ($26.2m) | ($2.6m) | — | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | — | — | $160.2m | ($2.4m) | ($1.5m) | ($159.6m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | ($27.0m) | ($84.6m) | ($153.2m) | ($240.5m) | |
| Operating Gains Losses | — | — | — | — | — | $175.4m | $32.3m | ($1.5m) | ($254.0m) | |
| Other Non Cash Items | — | — | — | — | — | $4.4b | $3.1b | $478.4m | $1.7b | |
| Purchase Of Business | — | — | — | — | ($1.5m) | $0 | ($26.2m) | ($2.6m) | — | |
| Purchase Of PPE | — | — | — | — | — | ($27.0m) | ($84.6m) | ($153.2m) | ($240.5m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | $0 | ($636.2m) | ($3.0b) | ($4.8b) | |
| Sale Of Business | — | — | — | — | — | $3.3m | $0 | $0 | — | |
| Stock Based Compensation | — | — | — | — | — | $199.7m | $185.6m | $167.6m | $378.4m | |
| Derivative, Gain (Loss) on Derivative, Net | — | — | — | — | — | — | — | — | ($25.1m) | |
| Net Cash Provided by (Used in) Operating Activities | ($111.0m) | $41.5m | $427.1m | $816.2m | $908.5m | $858.7m | $1.0b | $1.3b | $1.6b | |
| Cash flows from investing activities: | ||||||||||
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | — | $3.7m | $356k | — | |
| Purchase of short-term investments | — | — | — | — | — | ($57.0m) | ($248.4m) | ($4.6b) | ($10.1b) | |
| Net Investment Purchase And Sale | — | — | — | — | — | ($62.8m) | $54.9m | ($3.3b) | $337.5m | |
| Purchase Of Investment | — | — | — | — | — | ($80.7m) | ($248.4m) | ($4.6b) | ($10.1b) | |
| Sale Of Investment | — | — | — | — | — | $17.9m | $303.3m | $1.3b | $10.5b | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | — | — | — | — | — | $29.7m | |
| Other investing activities | — | — | — | — | — | — | ($47.1m) | ($20.4m) | ($208.0m) | |
| Net Other Investing Changes | — | — | — | — | — | — | ($47.1m) | ($20.4m) | ($208.0m) | |
| Net Cash Provided by (Used in) Investing Activities | ($1.2b) | $47.7m | ($1.3b) | $136.8m | ($951.6m) | ($1.1b) | ($1.6b) | ($1.1b) | ($1.9b) | |
| Cash flows from financing activities: | ||||||||||
| Proceeds from Issuance of Long-term Debt | — | — | — | — | — | $2.6m | $10.2m | $21.5m | — | |
| Issuance Of Debt | — | — | — | — | — | $361.0m | $897.4m | $2.0b | $7.0b | |
| Long Term Debt Issuance | — | — | — | — | — | $20.9m | $72.8m | $157.2m | $5.1b | |
| Net Issuance Payments Of Debt | — | — | — | — | — | ($371.9m) | $721.4m | $728.2m | $3.1b | |
| Net Long Term Debt Issuance | — | — | — | — | — | ($69.1m) | $72.8m | $156.8m | $3.2b | |
| Net Short Term Debt Issuance | — | — | — | — | — | ($302.8m) | $648.6m | $571.4m | ($163.5m) | |
| Short Term Debt Issuance | — | — | — | — | — | $340.2m | $824.6m | $1.9b | $1.9b | |
| Repayments of Long-term Debt | — | — | — | — | — | — | — | $51k | — | |
| Long Term Debt Payments | — | — | — | — | — | ($90.0m) | $0 | ($369k) | ($1.9b) | |
| Repayment Of Debt | — | — | — | — | — | ($733.0m) | ($176.0m) | ($1.3b) | ($3.9b) | |
| Short Term Debt Payments | — | — | — | — | — | ($643.0m) | ($176.0m) | ($1.3b) | ($2.0b) | |
| Proceeds from Issuance of Common Stock | $590.0m | $30.5m | — | — | — | — | — | — | — | |
| Common Stock Issuance | — | — | — | — | $0 | $254.9m | $0 | $0 | — | |
| Net Common Stock Issuance | — | — | — | — | — | $254.9m | ($636.2m) | ($3.0b) | ($4.8b) | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | — | $89.6m | $407.3m | $693.3m | |
| Common Stock Payments | — | — | — | — | — | $0 | ($636.2m) | ($3.0b) | ($4.8b) | |
| Dividends Payable, Current | — | — | — | — | $277 | $178 | — | — | — | |
| Dividend to shareholders | — | — | — | — | — | ($988.6m) | ($941.7m) | ($1.3b) | ($1.4b) | |
| Cash Dividends Paid | — | — | — | — | — | ($988.6m) | ($941.7m) | ($1.3b) | ($1.4b) | |
| Common Stock Dividend Paid | — | — | — | — | — | ($988.6m) | ($941.7m) | ($1.3b) | ($1.4b) | |
| Net Other Financing Charges | — | — | — | — | — | $4.3b | $1.9b | $1.4b | $5.9b | |
| Net cash from provided by (used in)financing activities | $2.3b | $457.4m | $7.7b | ($3.3b) | $2.3b | $3.2b | $1.1b | ($2.1b) | $2.8b | |
| Net Cash Provided by (Used in) Financing Activities | $2.3b | $66.5m | $1.1b | ($503.1m) | $355.2m | $464.5m | $150.2m | ($289.7m) | $398.1m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | ($1.9m) | $253k | $343k | ($536k) | — | — | — | — | |
| Effect of foreign exchange rate changes | — | ($13.0m) | $1.8m | $2.2m | ($3.4m) | ($18.2m) | $9.6m | $12.0m | ($50.5m) | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | ($18.2m) | $9.6m | $12.0m | ($50.5m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $950.3m | $153.8m | $261.8m | $450.3m | $311.6m | $254.1m | ($416.0m) | ($103.2m) | $105.1m | |
| Net (decrease) increase in cash and cash equivalents | $950.3m | $1.1b | $1.8b | $2.9b | $2.0b | $1.8b | ($3.0b) | ($753.2m) | $735.1m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $139.1m | $292.9m | $551.0m | $1.0b | $1.4b | $1.5b | $1.1b | $932.4m | $1.1b | |
| Cash, cash equivalents, and restricted cash, beginning of year | $956.4m | $2.0b | $3.8b | $6.8b | $8.8b | $10.5b | $7.6b | $6.8b | $7.5b | |
| Cash and cash equivalents | $468.5m | $1.4b | $2.1b | $4.4b | $6.1b | $7.2b | $4.2b | $4.5b | $4.7b | |
| Restricted cash | $487.9m | $567.8m | $1.7b | $2.4b | $2.6b | $3.3b | $3.4b | $2.4b | $2.8b | |
| Supplemental disclosure of cash flow information: | ||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | $1.8b | ($3.0b) | ($753.2m) | $735.1m | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | $9.4m | $878k | $2.2m | $1.6m | $1.8m | $2.5m | $4.9m | |
| Income Taxes Paid, Net | ($464k) | ($7.5m) | ($80.0m) | ($113.6m) | ($190.5m) | ($131.2m) | ($120.1m) | ($173.3m) | ($229.9m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.