← X Financial
| 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 | — | — | — | — | — | — | $812.0m | $1.2b | $1.5b | $1.5b | |
| Net Income (Loss) Attributable to Parent | ($120.2m) | $340.3m | $128.4m | $111.2m | ($200.5m) | $129.5m | $117.7m | $167.2m | $211.0m | $209.4m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | $339.5m | $128.4m | $111.2m | ($200.5m) | $129.5m | $117.7m | $167.2m | $211.0m | $209.4m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | ($780k) | ($8k) | $29k | $6k | ($75) | — | $0 | $0 | — | |
| Depreciation, Depletion and Amortization | $3.1m | $5.4m | $1.4m | $1.6m | $1.8m | $1.3m | $964k | $741k | $986k | $1.6m | |
| Amortization of Intangible Assets | — | $679k | $57k | $120k | $276k | $301k | $327k | $315k | $320k | $342k | |
| Depreciation | $3.1m | $4.7m | $1.3m | $1.5m | $1.6m | $975k | $637k | $426k | $667k | $1.3m | |
| Amortization Cash Flow | — | — | — | — | — | — | $2.3m | $2.2m | $2.3m | $2.4m | |
| Amortization Of Intangibles | — | — | — | — | — | — | $2.3m | $2.2m | $2.3m | $2.4m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $6.6m | $5.3m | $7.2m | $11.2m | |
| Deferred Income Tax Expense (Benefit) | — | ($257.1m) | ($460k) | ($23.7m) | ($21.8m) | $52.3m | $28.4m | ($4.1m) | ($3.7m) | ($36.9m) | |
| Deferred tax benefits | — | ($257.1m) | ($3.2m) | ($164.9m) | ($142.6m) | $333.4m | $195.6m | ($29.3m) | ($27.2m) | ($258.0m) | |
| Deferred Income Tax | — | — | — | — | — | — | $202.3m | ($17.6m) | ($27.2m) | ($258.0m) | |
| Deferred Tax | — | — | — | — | — | — | $202.3m | ($17.6m) | ($27.2m) | ($258.0m) | |
| Share-based Payment Arrangement, Noncash Expense | — | $74.0m | $25.0m | $22.6m | $12.3m | $13.9m | $7.8m | $6.0m | $5.5m | $8.7m | |
| Share-based Payment Arrangement, Expense | — | $74.0m | $25.0m | $21.7m | $10.8m | $11.3m | $1.6m | $58k | $0 | $0 | |
| Equity Method Investment, Other than Temporary Impairment | — | — | — | — | — | — | — | — | — | $0 | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | — | — | — | — | $1.3m | — | — | $0 | |
| Share-based compensation | $37.9m | $74.0m | $171.8m | $157.1m | $80.1m | $88.4m | $53.5m | $42.6m | $40.2m | $61.0m | |
| Asset Impairment Charge | — | — | — | — | — | $0 | $8.9m | $46.8m | $0 | — | |
| Gain (Loss) on Disposition of Property Plant Equipment | $8k | $103 | $10 | $343 | ($9k) | $28k | $388 | ($21k) | $8k | ($528) | |
| Income (Loss) from Equity Method Investments | — | ($832k) | $1.2m | $2.5m | ($1.0m) | $524k | ($3.2m) | $4.7m | $1.4m | $3.7m | |
| Income Tax Expense (Benefit) | — | $138.2m | $30.5m | ($13.4m) | $46.0m | $57.9m | $56.5m | $35.1m | $55.6m | $41.7m | |
| Other Nonoperating Income (Expense) | — | $90k | ($859k) | $3.7m | $1.9m | $5.1m | $5.9m | $3.4m | $1.9m | $18.9m | |
| Loss (gain) from financial investments at equity method, net of tax | — | — | — | — | — | — | ($30.4m) | $18.7m | ($41.1m) | $19.5m | |
| Dividends from financial investments at equity method | — | — | — | — | — | — | $0 | $4.9m | $0 | $7.6m | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | $42.3m | $1.9m | ($10.2m) | ($25.7m) | |
| Additional Financial Items | |||||||||||
| Debt Securities, Available-for-sale, Realized Gain (Loss) | — | — | — | — | — | — | — | — | $1.1m | $1.2m | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | — | — | — | — | $1.4m | $915k | $2.3m | ($3.0m) | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | ($479k) | $1k | $89k | $2.4m | $808k | ($2.9m) | ($567k) | ($1.3m) | ($1.2m) | |
| Gain (Loss) on Investments | — | — | — | — | — | — | $3.0m | ($1.7m) | $2.3m | ($2.1m) | |
| General and Administrative Expense | — | $98.2m | $32.0m | $32.7m | $27.5m | $29.5m | $24.9m | $26.3m | $24.1m | $28.5m | |
| Investment Income, Interest | — | — | — | — | — | — | — | — | — | $9k | |
| Proceeds from Stock Options Exercised | — | — | — | $867k | $94k | $464k | $40k | $155k | $17k | $2.7m | |
| Provision for Loan, Lease, and Other Losses | — | — | — | — | — | — | — | $139.5m | $194.1m | $1.1b | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | — | — | — | $32.9m | $30.9m | $48.7m | |
| Unrealized Gain (Loss) on Derivatives | — | ($18.1m) | ($29.2m) | ($35.4m) | ($25.1m) | ($26.7m) | $20.0m | $3.5m | $142k | ($481k) | |
| Loss (gain) from equity in affiliates, net of tax | — | $832k | ($8.1m) | ($17.5m) | $6.8m | ($3.3m) | $22.1m | ($33.1m) | ($10.2m) | ($25.7m) | |
| (Income) loss from financial investments | — | — | — | — | — | $0 | ($20.9m) | $12.2m | ($17.1m) | $21.1m | |
| Provision for accounts receivable and contract assets | $8.1m | $167.7m | $397.0m | $241.2m | $121.5m | $77.2m | $21.8m | $12.2m | $35.7m | $242.7m | |
| Provisions for loans receivable from Xiaoying Credit Loans and other loans | — | — | — | — | — | $76.4m | $164.6m | $233.4m | $225.8m | $340.2m | |
| Reversal of provision for loan receivable from Xiaoying Housing Loans | — | — | — | — | $18.0m | ($378k) | ($6.1m) | ($4.2m) | ($4.2m) | ($8k) | |
| Provision for contingent guarantee liabilities | — | — | — | — | — | — | ($14.0m) | $67.5m | $241.7m | $1.0b | |
| (Reversal of) provision for credit losses on deposits to institutional cooperators | — | — | $0 | $0 | $10.3m | ($8.3m) | $1.3m | ($674k) | $3.2m | ($775k) | |
| Provision for credit losses for other financial assets | — | — | $0 | $0 | ($975k) | ($1.2m) | ($765k) | $86k | $155k | $73k | |
| Fair value adjustments related to Consolidated Trusts | $4.4m | $9.8m | ($12.4m) | ($64.2m) | $57.4m | $7.3m | $6.2m | $531k | $0 | $0 | |
| Change in fair value of financial guarantee derivative | — | $18.1m | $201.0m | $246.4m | $163.7m | $170.3m | ($137.7m) | ($25.0m) | ($1.0m) | $3.4m | |
| Other non-cash expenses (income) | — | — | — | $248k | $979k | ($118k) | $658k | $120k | ($2.2m) | ($163.7m) | |
| Accounts receivable and contract assets | ($95.6m) | ($1.1b) | ($665.3m) | $367.0m | $220.8m | ($411.4m) | ($436.3m) | ($509.9m) | ($405.7m) | ($1.4b) | |
| Deposits to institutional cooperators | — | — | — | ($518.7m) | ($1.4b) | ($584.2m) | ($271.2m) | $68.5m | ($259.0m) | $245.5m | |
| Prepaid expenses and other current assets | ($56.0m) | ($11.9m) | ($6.4m) | ($715.9m) | $123.9m | $21.2m | $121.8m | $22.9m | $14.3m | ($9.5m) | |
| Loan receivable from Xiaoying Housing Loans | ($14.6m) | ($176.5m) | $29.1m | $15.1m | $24.1m | ($854.6m) | ($296.0m) | ($571.7m) | $12.8m | $8k | |
| Collection of trading financial investment | — | — | — | — | — | — | $0 | $0 | $10.2m | $728.2m | |
| Other non-current assets | ($8.1m) | ($1.4m) | ($3.1m) | $300k | $266k | $163k | $1.6m | ($121k) | ($1.1m) | ($2.9m) | |
| Contingent guarantee liabilities | $91.0m | $444.5m | ($524.3m) | ($3.4m) | ($8.0m) | ($9.8m) | $0 | $61.9m | ($116.0m) | ($440.6m) | |
| Deferred guarantee income | — | — | — | — | — | $0 | $0 | $46.6m | $118.1m | $302.9m | |
| Financial guarantee derivative | — | $35.2m | ($612.5m) | ($608.1m) | $388.8m | $551.3m | ($223.9m) | ($82.9m) | $0 | $13.1m | |
| Accrued payroll and welfare | $42.0m | $31.0m | $15.7m | ($29.8m) | ($28.9m) | $9.8m | $19.1m | $23.1m | $7.9m | ($18.5m) | |
| Other taxes payable | $12.0m | $89.8m | $28.2m | ($76.0m) | $15.0m | $146.5m | $36.1m | $34.1m | ($9.8m) | $56.7m | |
| Income taxes payable | $6.1m | $395.2m | ($89.1m) | $28.8m | ($265.1m) | $41.2m | $152.9m | $176.4m | $143.9m | $122.5m | |
| Deposit payable to channel cooperators | $183.2m | ($57.2m) | ($220k) | ($25.1m) | ($87.5m) | ($460k) | ($1.3m) | $0 | ($7.7m) | $0 | |
| Accrued expenses and other current liabilities | $100.4m | $29.2m | $38.0m | $64.4m | $102.8m | ($33.7m) | $65.1m | $97.3m | $114.9m | $363.8m | |
| Interest receivable / payable | — | — | — | — | — | — | — | $25.4m | ($28.5m) | ($2.9m) | |
| Collection of financial investments | — | — | — | — | — | $36.0m | $0 | $0 | $391.1m | $57.9m | |
| Principal of loans at fair value | — | ($217.0m) | ($67.9m) | ($4.9b) | ($4.0b) | ($2.2b) | ($826.0m) | ($70.0m) | $0 | $0 | |
| Principal collection of loans at fair value | $1.4b | $1.5b | $744.4m | $3.0b | $5.2b | $3.4b | $1.1b | $189.8m | $0 | $0 | |
| Principal of loans receivables of the Consolidated Trusts and Partnerships at amortized cost | — | — | — | — | — | ($2.5b) | ($7.5b) | ($9.1b) | ($8.7b) | ($7.8b) | |
| Principal collection of loans receivables of the Consolidated Trusts and Partnerships at amortized cost | — | — | — | — | — | $915.3m | $6.3b | $8.3b | $9.4b | $7.2b | |
| CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES | ($734.7m) | ($10.8m) | $412.9m | ($3.1b) | ($3.7b) | ($2.3b) | ($913.4m) | ($1.1b) | $122.0m | ($1.1b) | |
| Repurchase of common shares | — | — | — | — | — | $0 | ($146.7m) | ($24.9m) | ($182.2m) | ($734.0m) | |
| Proceeds from exercise of options | — | — | — | $6.0m | $613k | $3.0m | $277k | $1.1m | $123k | $19.1m | |
| Proceeds from short-term borrowings | — | — | $198.0m | $203.0m | $511.5m | $266.5m | $70.2m | $802.5m | $133.5m | $725.4m | |
| Repayments of short-term borrowings | — | — | — | ($401.0m) | ($161.0m) | ($450.5m) | ($166.5m) | ($307.7m) | ($370.0m) | ($641.8m) | |
| Cash paid to investors of Consolidated Trusts at fair value | ($10.0m) | ($1.2b) | ($696.8m) | ($1.3b) | ($2.6b) | ($1.9b) | ($420.2m) | ($141.3m) | $0 | $0 | |
| Cash received from investors and institutional funding partners of the Consolidated Trusts and Partnerships at amortized cost | — | — | — | — | — | $1.5b | $2.5b | $3.3b | $1.7b | $2.4b | |
| Cash paid to investors and institutional funding partners of the Consolidated Trusts and Partnerships at amortized cost | — | — | — | — | — | $0 | ($1.3b) | ($2.3b) | ($3.1b) | ($1.5b) | |
| CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES | $775.2m | $830.2m | $181.8m | $2.7b | $4.5b | $1.3b | $576.4m | $1.2b | ($1.9b) | $79.2m | |
| Beginning Cash Position | — | — | — | — | — | — | $992.0m | $1.0b | $1.9b | $1.7b | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $576.4m | $1.2b | ($1.9b) | $79.2m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($1.2b) | ($1.7b) | $122.0m | ($1.1b) | |
| Change In Accrued Expense | — | — | — | — | — | — | $84.2m | $90.1m | $151.4m | $345.4m | |
| Change In Income Tax Payable | — | — | — | — | — | — | $189.1m | $210.5m | $134.0m | $179.1m | |
| Change In Other Current Assets | — | — | — | — | — | — | $1.6m | ($121k) | ($1.1m) | ($2.9m) | |
| Change In Other Current Liabilities | — | — | — | — | — | — | ($223.9m) | ($82.9m) | $0 | $13.1m | |
| Change In Other Working Capital | — | — | — | — | — | — | ($1.3m) | $72.0m | $82.0m | $300.0m | |
| Change In Payable | — | — | — | — | — | — | $189.1m | $210.5m | $134.0m | $179.1m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $273.3m | $300.6m | $285.4m | $524.5m | |
| Change In Prepaid Assets | — | — | — | — | — | — | ($149.4m) | $76.4m | ($244.7m) | $236.0m | |
| Change In Receivables | — | — | — | — | — | — | ($428.2m) | ($504.3m) | ($392.9m) | ($1.4b) | |
| Change In Tax Payable | — | — | — | — | — | — | $189.1m | $210.5m | $134.0m | $179.1m | |
| Change In Working Capital | — | — | — | — | — | — | ($528.0m) | ($138.2m) | ($271.3m) | ($288.4m) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($436.3m) | ($509.9m) | ($405.7m) | ($1.4b) | |
| Changes In Cash | — | — | — | — | — | — | ($14.3m) | $935.3m | ($289.8m) | $480.5m | |
| End Cash Position | — | — | — | — | — | — | $1.0b | $1.9b | $1.7b | $2.1b | |
| Financing Cash Flow | — | — | — | — | — | — | $576.4m | $1.2b | ($1.9b) | $79.2m | |
| Free Cash Flow | — | — | — | — | — | — | $620.7m | $1.4b | $1.5b | $1.4b | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | ($152.4m) | $7.7m | ($51.8m) | $66.5m | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | ($3k) | $148k | ($56k) | $4k | |
| Investing Cash Flow | — | — | — | — | — | — | ($1.2b) | ($1.7b) | $122.0m | ($1.1b) | |
| Issuance Of Capital Stock | — | — | — | — | — | $454.5m | $98.8m | $0 | $0 | — | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | $160.0m | $100.0m | $0 | $0 | — | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($6.0m) | ($8.5m) | ($14.1m) | ($21.8m) | |
| Operating Gains Losses | — | — | — | — | — | — | ($110.1m) | $9.8m | ($62.0m) | $40.8m | |
| Other Non Cash Items | — | — | — | — | — | — | $658k | $120k | ($89.8m) | ($706.4m) | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $277k | $1.1m | $123k | $19.1m | |
| Provisionand Write Offof Assets | — | — | — | — | — | — | $180.9m | $302.7m | $386.5m | $1.1b | |
| Purchase Of PPE | — | — | — | — | — | — | ($6.1m) | ($8.5m) | ($14.2m) | ($21.9m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($567.0m) | ($166.2m) | ($182.2m) | ($734.0m) | |
| Sale Of Intangibles | — | — | — | — | — | $160.0m | $100.0m | $0 | $0 | — | |
| Sale Of PPE | — | — | — | — | — | — | $5k | $18k | $108k | $58k | |
| Stock Based Compensation | — | — | — | — | — | — | $53.5m | $42.6m | $40.2m | $61.0m | |
| Net Cash Provided by (Used in) Operating Activities | $82.6m | ($615.3m) | $779k | $86.3m | ($104.1m) | $70.5m | $46.8m | $114.7m | $208.7m | $209.9m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $1.7m | $20.6m | $5.6m | $2.2m | $822k | $411k | $878k | $1.2m | $1.9m | $3.1m | |
| Purchase of trading financial investments | — | — | — | — | — | — | $0 | $0 | ($97.9m) | ($1.3b) | |
| Purchase of financial investments | — | — | — | — | ($6.0m) | ($112.8m) | ($90.5m) | ($424.1m) | ($148.6m) | ($291.8m) | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($83.7m) | ($424.1m) | $242.4m | ($233.9m) | |
| Purchase Of Investment | — | — | — | — | — | — | ($90.5m) | ($424.1m) | ($148.6m) | ($291.8m) | |
| Sale Of Investment | — | — | — | — | — | — | $6.9m | $0 | $391.1m | $57.9m | |
| Net Other Investing Changes | — | — | — | — | — | — | ($1.2b) | ($1.3b) | ($106.3m) | ($810.5m) | |
| Net Cash Provided by (Used in) Investing Activities | — | ($10.8m) | $60.0m | ($442.4m) | ($567.8m) | ($368.4m) | ($132.4m) | ($155.8m) | $16.7m | ($152.5m) | |
| Cash flows from financing activities: | |||||||||||
| Issuance Of Debt | — | — | — | — | — | — | $70.2m | $802.5m | $133.5m | $725.4m | |
| Long Term Debt Issuance | — | — | — | — | — | $2.1b | $0 | $0 | — | — | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($117.6m) | $494.8m | ($236.5m) | $83.6m | |
| Net Long Term Debt Issuance | — | — | — | — | — | $1.5b | ($21.3m) | $0 | $0 | — | |
| Net Short Term Debt Issuance | — | — | — | — | — | — | ($96.3m) | $494.8m | ($236.5m) | $83.6m | |
| Short Term Debt Issuance | — | — | — | — | — | — | $70.2m | $802.5m | $133.5m | $725.4m | |
| Long Term Debt Payments | — | — | — | — | — | ($583.1m) | ($21.3m) | $0 | $0 | — | |
| Repayment Of Debt | — | — | — | — | — | — | ($187.8m) | ($307.7m) | ($370.0m) | ($641.8m) | |
| Short Term Debt Payments | — | — | — | — | — | — | ($166.5m) | ($307.7m) | ($370.0m) | ($641.8m) | |
| Common Stock Issuance | — | — | — | — | — | $454.5m | $98.8m | $0 | $0 | — | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($468.2m) | ($166.2m) | ($182.2m) | ($734.0m) | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | — | $21.3m | $3.5m | $25.0m | $105.0m | |
| Common Stock Payments | — | — | — | — | — | — | ($567.0m) | ($166.2m) | ($182.2m) | ($734.0m) | |
| Proceeds from Noncontrolling Interests | — | — | — | — | — | $188k | — | — | — | — | |
| Dividends paid | — | — | — | $15 | — | — | — | $8 | $16 | $22 | |
| Dividends Payable | — | — | — | — | — | — | — | $8.3m | $0 | — | |
| Dividends from equity in affiliates | — | — | — | — | — | — | $0 | $15.0m | $7.5m | $15.0m | |
| Dividends to shareholders | — | — | — | ($103.2m) | — | $0 | $0 | ($58.4m) | ($116.6m) | ($154.8m) | |
| Cash Dividends Paid | — | — | — | — | — | — | $0 | ($58.4m) | ($116.6m) | ($154.8m) | |
| Dividend Received CFO | — | — | — | — | — | — | $0 | $19.9m | $7.5m | — | |
| Net Other Financing Charges | — | — | — | — | — | — | $1.2b | $956.1m | ($1.4b) | $865.3m | |
| Net Cash Provided by (Used in) Financing Activities | — | $830.2m | $26.4m | $389.4m | $688.2m | $204.2m | $83.6m | $172.9m | ($265.1m) | $11.3m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | ($24.7m) | ($914k) | $1.5m | ($4.4m) | ($1.5m) | $4.2m | $322k | $945k | ($1.2m) | |
| Effect of foreign exchange rate changes | $18.2m | ($24.7m) | ($6.3m) | $10.6m | ($28.4m) | ($9.4m) | $29.3m | $2.3m | $6.9m | ($8.2m) | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | $29.3m | $2.3m | $6.9m | ($8.2m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $179.3m | $86.4m | $34.8m | $12.0m | ($95.2m) | $2.2m | $132.1m | ($38.8m) | $67.5m | |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH | $141.2m | $179.3m | $593.7m | $242.6m | $78.2m | ($606.5m) | $14.9m | $937.5m | ($282.9m) | $472.3m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $99.5m | $185.8m | $218.4m | $245.0m | $155.7m | $146.0m | $273.9m | $227.6m | $305.1m | |
| CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF YEAR | $504.7m | $684.0m | $1.3b | $1.5b | $1.6b | $992.0m | $1.0b | $1.9b | $1.7b | $2.1b | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $14.9m | $937.5m | ($282.9m) | $472.3m | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | $499k | $1.7m | $1.1m | $289k | $3.3m | $3.3m | $4.2m | |
| Income Taxes Paid, Net | — | $148k | $43.9m | $6.2m | $16.5m | $4.9m | $5.4m | $14.4m | $39.6m | $47.6m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.