Yatsen Holding Ltd

Annual Trend FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TTM
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations ($821.3m) ($750.2m) ($710.2m) ($92.4m) ($92.4m)
Net loss ($40.1m) $75.4m ($2.7b) ($1.5b) ($821.3m) ($750.2m) ($710.2m) ($92.4m)
Net Income (Loss) Attributable to Parent $106.7m
$75.4m -29.40%
($411.9m) -646.62%
($241.8m) +41.31%
($118.2m) +51.10%
($105.3m) +10.91%
($97.0m) +7.88%
($11.6m) +88.08%
Net Income (Loss) Available to Common Stockholders, Basic $106.7m
($45.1m) -142.23%
($610.6m) -1254.50%
($241.8m) +60.40%
($118.2m) +51.10%
($747.8m) -532.53%
($708.2m) +5.29%
($80.9m) +88.58%
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $75.4m ($412.0m) ($242.8m) ($119.1m) ($105.7m) ($97.3m) ($13.2m)
Net Income (Loss) Attributable to Noncontrolling Interest ($93k) ($989k) ($864k) ($766k) ($280k) ($1.7m)
Amortization of Intangible Assets $113k $907k $533k $8.0m $8.2m $8.6m $15.4m $7.0m
Depreciation $13.0m $11.4m $20.5m $16.5m $7.6m $5.2m $5.3m $96.8m
Depreciation of property and equipment $389k $13.0m $74.6m $130.7m $114.0m $53.7m $38.0m $36.9m $146.1m
Amortization of right-of-use assets $3.6m $53.8m $185.8m $245.9m $168.4m $88.6m $69.4m $60.0m
Amortization of right-of-use assets-operating lease $6.3m $7.1m $7.3m $6.6m
Amortization Cash Flow $56.8m $61.1m $112.6m $49.3m
Amortization Of Intangibles $56.8m $61.1m $112.6m $49.3m $49.3m
Depreciation Amortization Depletion $339.3m $203.4m $220.1m $146.1m $146.1m
Deferred Income Tax Expense (Benefit) ($3.7m) $529k ($852k) ($1.2m) ($1.2m) ($1.2m) $205k $1.4m
Deferred income tax (benefits) expenses $2.3m ($3.7m) $3.5m ($5.4m) ($8.4m) ($8.7m) ($8.6m) $1.4m $1.4m
Deferred Tax ($8.4m) ($8.7m) ($8.6m) $1.4m $1.4m
Share-based Payment Arrangement, Expense $75.0m $291.3m $83.2m $49.4m $10.9m $12.5m $8.4m $59.0m
Share-based compensation $14.0m $75.0m $1.9b $530.4m $340.9m $77.5m $91.2m $59.0m $59.0m
Goodwill, Impairment Loss $0 $0 $0 $0 $49.9m $55.2m $0 $8.2m
Impairment of Intangible Assets, Finite-lived $0 $0 $0 $0 $0
Impairment allowance of inventory $1.0m $21.5m $87.0m ($3.1m) ($38.2m) ($22.8m) ($4.5m)
Impairment of investments $1.4m $5.1m $0 $0 $13.5m
Impairment of goodwill $0 $0 $354.0m $403.1m $0
Impairment of long-term investments ($22.8m) $11.8m $10.4m
Asset Impairment Charge $82.3m $314.6m $379.2m $8.2m $8.2m
Income (Loss) from Equity Method Investments ($45k) $938k $1.8m $1.4m $190k $849k
Other Nonoperating Income (Expense) $4.4m $15.0m $7.5m $6.1m $6.7m
Share of income from equity investments $293k ($6.0m) ($12.5m) ($10.1m) ($1.4m) ($5.9m)
Investments on equity investments ($3.0m) ($35.6m) ($322.8m) ($135.8m) ($121.5m) ($42.0m)
Earnings (Loss)es From Equity Investments ($12.5m) ($10.1m) ($1.4m) ($5.9m) ($5.9m)
Changes in operating assets and liabilities:
Change In Working Capital $229.7m $60.6m ($198.6m) ($205.2m) ($205.2m)
Increase (Decrease) in Accounts Receivable $200.6m $23.6m ($15.7m) ($22.5m) $630k $2.2m $579k $5.0m
Accounts receivable ($59.9m) ($200.6m) ($154.0m) $99.7m $155.0m ($4.5m) ($16.3m) ($4.0m) $5.0m
Interest receivables on short-term investments $319k $937k $257k
Receivables of exercise price of share options $1.9m $1.6m $577k $212k
Change In Receivables $149.4m ($32.4m) ($5.2m) $5.0m $5.0m
Changes In Account Receivables $155.0m ($4.5m) ($16.3m) ($4.0m) $5.0m
Increase (Decrease) in Inventories $411.1m $20.6m $17.2m ($40.3m) ($15.4m) $1.5m $17.8m ($124.8m)
Inventory Write-down $1.0m $3.3m
Inventories ($77.8m) ($411.1m) ($134.3m) ($109.9m) $278.0m $109.4m ($11.2m) ($124.8m) ($124.8m)
Change In Inventory $278.0m $109.4m ($11.2m) ($124.8m) ($124.8m)
Increase (Decrease) in Accounts Payable $310.3m $10.1m ($38.4m) ($17.5m) ($2.0m) ($4.6m) $77.3m
Income tax payables $2.5m $72.9m ($56.0m) ($1.4m) $5.1m ($3.9m) $2.1m ($6.4m)
Accounts payable $18.2m ($54.5m) $28.4m $18.7m $25.5m ($43.1m) ($37.2m) ($19.3m) $77.3m
Change In Payables And Accrued Expense ($119.9m) $29.5m ($34.5m) $46.9m $77.3m
Accrued expenses and other liabilities $56.0m $97.0m $174.7m ($63.7m) ($17.3m) $65.3m ($22.5m) ($16.4m)
Accrued salary and employee benefits $316k $4.6m $8.0m $6.4m ($14.1m) $2.3m $7.6m ($7.3m)
Deferred revenue ($17.9m) $1.9m $1.4m $15.8m $22.4m $4.2m
Change In Accrued Expense ($17.3m) $65.3m ($22.5m) ($16.4m) ($16.4m)
Prepayments and other current assets ($2.0m) ($89.5m) ($190.6m) ($42.7m) $65.9m ($7.3m) ($65.3m) ($89.1m)
Prepaid expense and other current assets ($24.4m) $18.6m $5.2m ($151.7m) $64.2m $20.3m $20.2m $6.2m
Long term deposits and other assets $66k ($258k) $1.4m $230k $335k $227k ($180k) $125k
Change In Other Current Liabilities ($167.0m) ($89.3m) ($66.9m) ($58.7m) ($58.7m)
Net Cash Provided by (Used in) Operating Activities ($96.2m)
($6.2m) +93.58%
($150.7m) -2339.02%
($160.1m) -6.25%
$19.7m +112.33%
($15.1m) -176.63%
($33.4m) -120.59%
($13.5m) +59.45%
($94.7m) -599.29%
Cash flows from investing activities:
Gain (Loss) on Disposition of Property Plant Equipment $143k ($747k) ($2.3m) ($5.7m) ($11.6m) $167k $154k $105k $5.1m
Payments to Acquire Property, Plant, and Equipment $283k $106.3m $34.6m $22.2m $7.4m $6.1m $7.2m $6.0m ($43.8m)
Investments loss (income) $3.0m ($25.4m) $31.3m $5.7m ($8.7m)
Proceeds from long term investments $521k $444k $150.2m
Payment for long term investments ($5.0m) ($113.7m) ($107.0m) ($63.9m) ($19.5m) ($156.0m)
Purchases of short-term investments ($70.0m) ($2.4b) ($2.3b) ($1.3b) ($601.9m)
Sales of short-term investments $60.0m $10.0m $1.5b $2.2b $2.0b $888.4m
Cash acquired from acquisitions $10.2m $9.7m $212k $1.8m
Non-controlling interests from acquisitions ($288k) ($869k)
Payments to Acquire Businesses, Net of Cash Acquired $29.4m $490k $155.3m $305k $0
Net cash (used in) provided by investing activities ($7.9m) ($148.2m) ($508.8m) ($1.5b) ($1.2b) ($260.5m) $592.1m $246.8m
Net Cash Provided by (Used in) Investing Activities ($148.2m) ($78.0m) ($232.9m) ($167.5m) ($36.7m) $81.1m $35.3m $246.8m
Cash flows from financing activities:
Issuance Of Debt $0 $0
Net Issuance Payments Of Debt ($100k) $0 $0 $0
Net Short Term Debt Issuance ($100k) $0 $0 $0
Short Term Debt Issuance $0 $0
Repayment Of Debt ($100k) $0 $0 $0
Short Term Debt Payments ($100k) $0 $0 $0
Issuance Of Capital Stock $0 $0
Repurchase Of Capital Stock ($654.6m) ($212.7m) ($405.8m) ($111.0m) ($111.0m)
Proceeds from Issuance of Common Stock $671.3m
Common Stock Issuance $0 $0
Net Common Stock Issuance ($654.6m) ($212.7m) ($405.8m) ($111.0m) ($111.0m)
Payments for Repurchase of Common Stock $47.3m $75.3m $2.4m $94.9m $30.0m $55.6m $15.9m
Common Stock Payments ($654.6m) ($212.7m) ($405.8m) ($111.0m) ($111.0m)
Dividends Payable $0
Dividend distributions to shareholders ($228.5m) ($104.6m)
Net Other Financing Charges $13.6m ($1.7m) ($134.7m) ($45.9m) ($45.9m)
Net cash (used in) provided by financing activities ($170.9m)
($151.4m) +11.42%
($23.3m) +84.59%
$15.3m +165.51%
($11.5m) -175.12%
Net Cash Provided by (Used in) Financing Activities $123.7m
$795.2m +542.99%
$1.0b +28.75%
($267k) -100.03%
($94.9m) -35437.83%
($48.2m) +49.17%
($54.0m) -11.97%
($21.7m) +59.90%
($151.4m) -599.32%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $651.5m $775.0m ($407.3m) ($229.6m) ($98.1m) ($5.6m) ($1.4m) $807.5m
Beginning Cash Position $3.1b $1.6b $858.1m $817.4m $817.4m
Cash and cash equivalents and restricted cash at the beginning of the year $25.1m $676.6m $5.7b $3.1b $1.6b $858.1m $817.4m $807.5m
Cash and cash equivalents at beginning of the year $129.4m $65.3m $137.4m $240.9m $175.3m $205.5m $252.5m
Effect of exchange rate changes on cash and cash equivalents and restricted cash $790k $10.6m ($131.9m) ($89.0m) $90.0m $14.2m $5.0m ($10.6m) ($10.6m)
Net decrease in cash and cash equivalents and restricted cash $20.4m $651.5m $5.1b ($2.6b) ($1.6b) ($696.2m) ($40.7m) ($9.9m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $676.6m $5.7b $3.1b $1.6b $858.1m $817.4m $807.5m $807.5m
Effect of foreign exchange rate changes on cash ($3.8m) ($282k) $1.5m ($108k) ($1.5m) ($9.2m)
Additional Supplementary Disclosures
Additional Supplementary Disclosures
Gain (Loss) on Disposition of Intangible Assets ($4k) ($419k) ($133k) ($54k)
Income Tax Expense (Benefit) $72.0m $1.1m ($145k) $392k ($452k) ($423k) ($15k)
Lease liabilities-operating lease ($5.5m) ($7.2m) ($8.0m) ($7.2m)
Right-of-assets obtained in exchange for operating lease obligations $25.5m $16.4m
Additional Financial Items
Foreign Currency Transaction Gain (Loss), before Tax ($62k) ($425k) ($275k) ($5.1m) $1.0m ($2.8m) $1.9m
General and Administrative Expense $209.3m $328.4m $147.7m $104.4m $70.6m $60.9m $43.4m
Goodwill $20.6m $3.2m $136.4m $124.3m $78.4m $21.2m $22.2m $8.2m
Operating Expenses $1.8b $926.7m $866.7m $499.9m $482.6m $471.6m $507.2m
Proceeds from Stock Options Exercised $276k $690k $1.6m $785k
Provision for Loan, Lease, and Other Losses $405k
Recognition of deferred income ($14.5m) ($14.9m) ($15.7m) ($16.1m) ($14.7m)
Current expected credit losses $6.8m $854k ($8.3m) ($1.6m) $2.7m $19.9m $617k ($2.3m)
Loss on disposal of intangible assets $27k $2.7m $920k $381k
Other non-current assets ($12.1m) ($18.8m) ($25.8m) ($19.0m) $27.3m $25.8m $6.5m $6.3m
Amounts due from related parties ($65.4m) $66.7m ($564k) $1.3m ($5.6m) ($28.0m) $11.1m $9.0m
Amounts due to related parties $11.8m $2.2m $13.3m ($17.8m) $19.5m ($7.6m)
Accounts and notes payable ($14.2m) ($33.6m) $77.3m
Advances from customers ($299k) $3.2m $3.1m $14.4m ($4.0m) $24.9m ($22.0m) $9.2m
Lease liabilities ($3.4m) ($52.4m) ($197.0m) ($238.4m) ($167.0m) ($89.3m) ($66.9m) ($58.7m)
Purchases of intangible assets ($1.0m) ($2.4m) ($159.0m) $3.0m $282k $397k $828k $65k
Proceeds from exercise of vested share options $1.9m $4.9m $11.6m $5.5m
Repurchases of ordinary shares ($47.3m) ($491.2m) ($15.2m) ($654.6m) ($212.7m) ($405.8m) ($111.0m)
Repurchase of non-controlling interests and redeemable non-controlling interests ($134.7m) ($45.9m)
Payable for repurchases of Ordinary Shares $7.2m $442k $94.7m
Capital injection from non-controlling interests $15.7m $338.6m $1.3m
Change in fair value of contingent consideration $14.1m $33.6m ($13.1m) $5.6m
Change in fair value of warrant liabilities ($3.9m) ($16.4m) ($10.8m) ($170k)
Change in fair value of investment in marketable security ($25.8m) ($1.8m) $9.0m ($6.1m) $29.1m
Income tax payable $1.0m $419k $146k ($299k) $5.2m ($526k) ($1.7m) ($386k)
Payment for acquisition ($13.8m) ($3.5m) ($1.2m)
Capital contribution by non-controlling shareholders $1.8m $245k
Proceeds from (advance to) related parties $760k $355k ($100k)
Proceeds from bank loan $5.0m $5.0m
Issuance of Class A ordinary shares for achievement of earnout target $200.1m $117.3m $13.1m $10.0m
Shares to be issued for achievement of earnout target $200.1m $128.1m $13.1m $10.0m
Recognition of contingent consideration $306.6m $19.9m
Issuance of Class A ordinary shares for acquisition $175.0m $127.5m
Share based compensation $31.9m $12.0m $13.6m $59.0m
Payment to acquisition ($50.0m) ($13.8m) ($3.5m)
Repayment for bank loan ($57.4m) ($10.0m)
Conversion of convertible notes and rights $4.0m $13.5m
Repayments from related parties $59.2m $31.0m $22.3m
Loan to related parties ($44.1m) ($14.0m)
Payment of listing cost ($1.3m) ($6.9m)
Capital distribution due to reorganization ($10.0m) ($32.3m)
Cash Flow From Continuing Financing Activities ($654.5m) ($342.5m) ($394.2m) ($151.4m) ($151.4m)
Cash Flow From Continuing Investing Activities ($1.2b) ($260.5m) $592.1m $246.8m $246.8m
Change In Account Payable ($121.0m) ($14.2m) ($33.6m) $77.3m $77.3m
Change In Other Working Capital $23.3m $50.7m ($15.5m) $15.6m $15.6m
Change In Payable ($102.6m) ($35.8m) ($12.0m) $63.3m $77.3m
Change In Prepaid Assets $65.9m ($7.3m) ($65.3m) ($89.1m) ($89.1m)
Change In Tax Payable $5.1m ($3.9m) $2.1m ($6.4m) ($6.4m)
Changes In Cash ($1.7b) ($710.4m) ($45.8m) $686k $686k
End Cash Position $1.6b $858.1m $817.4m $807.5m $807.5m
Financing Cash Flow ($654.5m)
($342.5m) +47.67%
($394.2m) -15.12%
($151.4m) +61.58%
($151.4m) 0.00%
Free Cash Flow $76.9m ($151.4m) ($300.7m) ($138.5m) ($138.5m)
Gain Loss On Sale Of PPE $920k $381k $0 $0 $0
Investing Cash Flow ($1.2b) ($260.5m) $592.1m $246.8m $246.8m
Net Business Purchase And Sale ($137.9m) ($121.5m) ($42.0m) $0 $0
Net Intangibles Purchase And Sale ($8.6m) ($321k) ($4.3m) ($1.7m) ($1.7m)
Net PPE Purchase And Sale ($46.7m) ($41.7m) ($50.6m) ($37.9m) ($37.9m)
Net Preferred Stock Issuance $0 $0
Operating Gains Losses ($11.6m) ($9.7m) ($1.4m) $5.1m $5.1m
Other Non Cash Items ($14.6m) ($14.8m) ($15.8m) ($14.7m)
Preferred Stock Payments $0 $0
Proceeds From Stock Option Exercised $1.9m $4.9m $11.6m $5.5m $5.5m
Provisionand Write Offof Assets $0 $19.9m $617k ($2.3m) ($2.3m)
Purchase Of Business ($137.9m) ($121.5m) ($42.0m) $0 $0
Purchase Of Intangibles ($8.6m) ($321k) ($4.3m) ($1.7m) ($1.7m)
Purchase Of PPE ($50.8m) ($43.6m) ($52.7m) ($42.1m) ($43.8m)
Sale Of PPE $4.1m $2.0m $2.1m $4.1m $4.1m
Stock Based Compensation $340.9m $77.5m $91.2m $59.0m $59.0m
Acquisition of businesses, net of cash and cash equivalents acquired ($29.4m) ($3.2m) ($989.7m) ($2.1m)
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain (Loss), Net $329k
Net Investment Purchase And Sale ($962.2m) ($96.9m) $689.0m $286.5m $286.5m
Purchase Of Investment ($2.4b) ($2.3b) ($1.3b) ($601.9m) ($601.9m)
Sale Of Investment $1.5b $2.2b $2.0b $888.4m $888.4m
Cash and cash equivalents at end of the year $65.3m $137.4m $224.8m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported ($1.6b) ($696.2m) ($40.7m) ($9.9m)
Interest Paid, Excluding Capitalized Interest, Operating Activities $429k $14k $0 $0
Income Taxes Paid, Net ($3.5m) ($2.7m) ($59.4m) ($6.2m) ($6.1m) ($7.8m) ($2.9m) $4.9m

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.