← Vipshop Holdings Ltd

Annual Trend FY 2016 FY 2017 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 — — — — — — $6.3b $8.2b $7.8b $7.4b $7.4b
Net Income (Loss) Attributable to Parent — — — — — — $6.3b
$8.1b +28.86%
$7.7b -4.64%
$1.0b -86.62%
—
Net Income (Loss) Available to Common Stockholders, Basic $293.4m
$299.7m +2.15%
$309.6m +3.32%
$577.0m +86.35%
$905.3m +56.90%
$734.6m -18.86%
$913.2m +24.32%
$1.1b +25.18%
$1.1b -7.25%
$7.2b +583.02%
—
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $287.0m $290.9m $310.3m $572.6m $907.2m $736.4m $915.1m $1.2b $1.1b $1.1b —
Net Income (Loss) Attributable to Noncontrolling Interest ($6.3m) ($8.8m) $681k ($4.4m) $1.9m $1.9m $1.9m $11.9m $13.6m $23.9m —
Amortization of Debt Issuance Costs $5.2m $914k — — — — — — — — —
Amortization of Intangible Assets $52.4m $52.4m $7.0m $2.3m $5.6m $1.9m $472k $532k $518k $540k —
Depreciation $88.0m $110.8m $112.0m $119.3m $148.7m $172.1m $178.5m $183.0m $194.3m $218.3m $1.5b
Amortization Cash Flow — — — — — — $182.1m $221.1m $273.8m $282.4m —
Amortization Of Intangibles — — — — — — $182.1m $221.1m $273.8m $282.4m $282.4m
Depreciation Amortization Depletion — — — — — — $1.4b $1.5b $1.7b $1.8b $1.8b
Deferred Income Tax — — — — — — $50.3m $115.5m $95.4m ($152.6m) ($152.6m)
Deferred Tax — — — — — — $50.3m $115.5m $95.4m ($152.6m) ($152.6m)
Share-based Payment Arrangement, Noncash Expense $68.5m $102.5m $97.6m $98.8m $145.8m $158.5m $175.1m $212.7m $210.7m $247.5m $1.7b
Share-based Payment Arrangement, Expense $475.7m $667.1m $671.2m $688.1m $951.0m $1.0b $1.2b $1.5b $1.5b $1.7b $1.7b
Equity Method Investment, Other than Temporary Impairment $0 $0 $0 $0 $43.2m $35.8m $0 $0 — $0 —
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount — — $0 $44.0m — — — — — — —
Goodwill, Impairment Loss $0 $0 $0 $40.0m $0 $0 $0 $0 $0 $0 ($88.7m)
Impairment of Intangible Assets (Excluding Goodwill) — — — — — — — — — $0 —
Operating Lease, Impairment Loss — — — — — — — $135.7m $0 $0 —
Asset Impairment Charge — — — — — — $463.9m ($505.8m) ($251.2m) ($88.7m) ($88.7m)
Equity Method Investment, Realized Gain (Loss) on Disposal — $8.5m $27.9m — $8.8m $0 $44.2m — $0 $37k —
Income (Loss) from Equity Method Investments ($10.3m) ($3.4m) ($6.8m) $3.9m $4.6m $6.6m ($951k) $11.3m $22.9m $42.0m —
Nonoperating Income (Expense) — ($149.6m) $326.0m $169.4m $1.2b $290.9m $1.9b $882.9m $814.2m $778.7m —
Earnings (Loss)es From Equity Investments — — — — — — $6.6m ($80.3m) ($167.0m) ($293.9m) ($293.9m)
Changes in operating assets and liabilities:
Change In Working Capital — — — — — — $1.1b $3.4b ($1.7b) ($3.0b) ($3.0b)
Increase (Decrease) in Accounts Receivable $281.1m $408.2m $9.4m ($598.3m) ($151.4m) $13.8m $14.4m $28.1m $17.3m ($2.1m) ($370.4m)
Accounts Receivable, Credit Loss Expense (Reversal) $9.6m $20.1m $25.5m $33.0m ($1.4m) ($2.7m) $10.2m $4.0m $6.1m $13.1m ($370.4m)
Change In Receivables — — — — — — ($407.7m) ($218.7m) ($370.7m) ($370.4m) ($370.4m)
Changes In Account Receivables — — — — — — ($99.3m) ($199.9m) ($126.2m) $15.0m ($370.4m)
Increase (Decrease) in Inventories $98.7m $344.3m ($42.4m) $377.2m $80.8m ($144.0m) ($211.0m) ($84.7m) ($129.4m) $3.6m ($25.4m)
Inventory Write-down $43.7m $31.8m $64.1m $49.9m $85.0m $5.5m $18.9m ($95.9m) ($42.8m) ($14.9m) —
Change In Inventory — — — — — — $1.5b $601.4m $944.7m ($25.4m) ($25.4m)
Increase (Decrease) in Accounts Payable $223.7m $494.5m ($20.5m) $241.5m — — — — — — ($2.2b)
Change In Payables And Accrued Expense — — — — — — $523.5m $3.2b ($2.5b) ($2.4b) ($2.2b)
Accrued capital expenditures $283.4m $337.8m $366.5m $474.5m $342.9m $428.8m $352.4m $305.2m $373.1m $284.0m —
Change In Accrued Expense — — — — — — ($248.5m) $666.3m ($356.3m) ($216.3m) ($216.3m)
Change In Other Current Assets — — — — — ($24.6m) $8.9m $0 $0 — $0
Change In Other Current Liabilities — — — — — — ($318.3m) ($127.5m) ($74.9m) ($69.8m) ($69.8m)
Other Operating Income (Expense), Net — — — — — — — — — $151.0m —
Net Cash Provided by (Used in) Operating Activities $407.8m
$150.8m -63.02%
$835.7m +454.11%
$1.8b +111.25%
$1.8b +2.62%
$1.1b -41.58%
$1.5b +44.11%
$2.0b +33.11%
$1.3b -38.40%
$1.1b -14.77%
$7.5b +599.31%
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $283.4m $337.8m $366.5m $474.5m $342.9m $428.8m $352.4m $305.2m $373.1m $284.0m ($2.1b)
Gain (Loss) on Disposition of Property Plant Equipment ($1.5m) $641k ($111k) ($2.1m) ($1.2m) ($893k) ($5.0m) ($741k) $517k ($923k) ($398.0m)
Gain (Loss) on Sale of Investments — — $27.9m — — — — — — — —
Payments to Acquire Investments — — $391.4m $469.9m — — — — — — ($10.9b)
Unrealized Gain (Loss) on Investments — — $7.1m $1.7m — — — — — — —
Payments to Acquire Businesses, Net of Cash Acquired $15.3m $723k — $394.9m $87.3m $23.4m $56.2m — — — ($2.6b)
Payments for (Proceeds from) Other Investing Activities — $461k $820k ($48k) ($7.1m) $84.8m $0 ($22.0m) ($573k) $6.9m —
Net Other Investing Changes — — — — — — $841.8m $545.9m $463.7m $226.6m $226.6m
Net Cash Provided by (Used in) Investing Activities — ($312.4m) ($973.6m) ($1.2b) ($1.0b) ($365.1m) $152.1m ($726.8m) ($488.5m) ($1.2b) ($8.3b)
Cash flows from financing activities:
Debt and Equity Securities, Realized Gain (Loss) — — — $23.8m $44.9m ($10.1m) $34.3m $1.4m $18.5m $15.6m —
Issuance Of Debt — — — — — — $4.7b $2.2b $6.6b $13.2b $13.2b
Long Term Debt Issuance — — — — — — $4.7b $2.2b $6.6b $13.2b $13.2b
Long Term Debt Payments — — — — — — ($4.1b) ($3.4b) ($5.6b) ($9.8b) ($9.8b)
Net Issuance Payments Of Debt — — — — — — $541.0m ($1.2b) $973.1m $3.4b $3.4b
Net Long Term Debt Issuance — — — — — — $541.0m ($1.2b) $973.1m $3.4b $3.4b
Repayment Of Debt — — — — — — ($4.1b) ($3.4b) ($5.6b) ($9.8b) ($9.8b)
Payments for Repurchase of Common Stock $27.9m — — — — $304.2m $907.3m $719.3m $529.6m $706.5m —
Payments of Ordinary Dividends, Common Stock — — — — — — — — — $257 ($1.8b)
Common Stock Dividend Paid — — — — — — $0 $0 ($1.7b) ($1.8b) ($1.8b)
Common Stock Payments — — — — — — ($6.3b) ($5.1b) ($3.9b) ($4.9b) ($4.9b)
Net Common Stock Issuance — — — — — — ($6.3b) ($5.1b) ($3.9b) ($4.9b) ($4.9b)
Repurchase Of Capital Stock — — — — — — ($6.3b) ($5.1b) ($3.9b) ($4.9b) ($4.9b)
Payments of Dividends — — — — — — — — — $257 ($1.8b)
Cash Dividends Paid — — — — — — $0 $0 ($1.7b) ($1.8b) ($1.8b)
Dividend Received CFO — — — — — — $149.4m $102.5m $156.5m $131.7m $131.7m
Proceeds from (Payments for) Other Financing Activities — ($192k) — — — — — — — — —
Net Other Financing Charges — — — — — — $143.3m $173.3m ($392.4m) $1.4b $1.4b
Net Cash Provided by (Used in) Financing Activities — $1.1b
$85.4m -92.25%
($898.7m) -1152.72%
($3.2m) +99.64%
($9.2m) -188.82%
($808.1m) -8659.52%
($865.6m) -7.13%
($680.8m) +21.35%
($276.8m) +59.35%
($1.9b) -599.31%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — $939.5m ($26.7m) ($333.1m) $780.4m $684.2m $860.1m $449.9m $90.0m ($404.9m) $24.1b
Beginning Cash Position — — — — — — $17.2b $23.1b $26.3b $27.0b $27.0b
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — $1.6b $1.5b $1.1b $2.0b $2.7b $3.3b $3.7b $3.7b $3.4b $24.1b
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — — — — — — ($7.6m) ($53.0m)
Effect Of Exchange Rate Changes — — — — — — ($63.3m) $85.8m $63.3m ($53.0m) ($53.0m)
Additional Supplementary Disclosures
Additional Supplementary Disclosures
Proceeds from Stock Options Exercised $829k $917k $574k $43k $137k $65.9m $0 — $34k $192k —
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $12.3m $12.7m $23.2m $12.4m $10.3m $2.2m $3.2m $3.7m $7.9m $10.2m —
Income Taxes Paid, Net — — — — — — $1.6b $1.8b $2.2b $349.4m —
Additional Financial Items
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain (Loss), Net — — — — — — $307.2m $0 — — —
Deconsolidation, Gain (Loss), Amount — — — — $2.5m — — $32k — — —
Equity Securities, FV-NI, Unrealized Gain (Loss) — — $105.2m $24.0m $150.3m $13.4m $79.2m ($2.5m) $20.3m $20.7m —
Foreign Currency Transaction Gain (Loss), before Tax $7.4m ($14.0m) $10.3m ($134k) ($24.5m) ($5.8m) $99.7m $22.9m ($3.4m) ($8.9m) —
Gain (Loss) on Disposition of Business — — — ($1.6m) $7.5m $29.7m — — — — —
General and Administrative Expense $279.6m $376.2m $388.9m $583.8m $574.5m $657.5m $646.6m $584.0m $547.0m $625.5m —
Goodwill $52.9m $56.4m $53.4m $34.0m $91.0m $92.5m $109.5m $106.4m $103.5m $108.0m ($88.7m)
Income Tax Expense (Benefit) $86.7m $96.2m $82.4m $141.3m $173.2m $191.9m $255.0m $262.8m $317.2m $257.2m —
Investment Income, Interest $15.4m $15.5m $35.3m $31.2m $68.8m $105.4m $110.8m $109.9m $110.9m $114.6m —
Operating Expenses $1.6b $2.2b $2.2b $2.4b $2.5b $2.9b $2.3b $2.5b $2.4b $2.5b —
Proceeds from Noncontrolling Interests $199k — $145k $15.5m $18.8m $72.4m $26.9m $40.2m $22.0m — —
Revenue from Contract with Customer, Including Assessed Tax — — $12.3b $13.4b $15.6b $18.4b $15.0b $15.9b $14.9b — —
Cash Flow From Continuing Financing Activities — — — — — — ($5.6b) ($6.1b) ($5.0b) ($1.9b) ($1.9b)
Cash Flow From Continuing Investing Activities — — — — — — $1.0b ($5.2b) ($3.6b) ($8.3b) ($8.3b)
Change In Account Payable — — — — — — $983.0m $2.6b ($2.2b) ($2.2b) ($2.2b)
Change In Cash Supplemental As Reported — — — — — — $5.9b $3.2b $657.1m ($2.8b) —
Change In Other Working Capital — — — — — — ($160.7m) ($661k) $351.1m ($119.4m) ($119.4m)
Change In Payable — — — — — — $772.0m $2.5b ($2.2b) ($2.2b) ($2.2b)
Changes In Cash — — — — — — $6.0b $3.1b $593.9m ($2.8b) ($2.8b)
End Cash Position — — — — — — $23.1b $26.3b $27.0b $24.1b $24.1b
Financing Cash Flow — — — — — — ($5.6b)
($6.1b) -10.27%
($5.0b) +19.14%
($1.9b) +61.05%
($1.9b) 0.00%
Free Cash Flow — — — — — — $7.4b $9.2b $5.6b $5.4b $5.4b
Gain Loss On Investment Securities — — — — — — ($236.5m) ($10.2m) ($139.5m) ($108.4m) ($108.4m)
Gain Loss On Sale Of Business — — — — — — ($304.6m) $0 $0 ($2.1m) ($2.1m)
Gain Loss On Sale Of PPE — — — — — — $34.8m $5.3m ($3.8m) $6.5m $6.5m
Investing Cash Flow — — — — — — $1.0b ($5.2b) ($3.6b) ($8.3b) ($8.3b)
Net Business Purchase And Sale — — — — — — ($668.8m) ($281.1m) ($625.4m) ($2.6b) ($2.6b)
Net Intangibles Purchase And Sale — — — — — — ($671.8m) ($3.1b) ($839.3m) ($80.8m) ($80.8m)
Net Investment Purchase And Sale — — — — — — $3.9b ($393.4m) $138.3m ($3.9b) ($3.9b)
Net PPE Purchase And Sale — — — — — — ($2.4b) ($2.0b) ($2.7b) ($2.0b) ($2.0b)
Operating Gains Losses — — — — — — ($499.7m) ($85.3m) ($310.3m) ($398.0m) ($398.0m)
Other Non Cash Items — — — — — — $251.8m $81.1m $4.2m ($28.4m) —
Proceeds From Stock Option Exercised — — — — — — $0 $0 $249k $1.3m $1.3m
Provisionand Write Offof Assets — — — — — — $70.4m $28.1m $44.8m $13.8m $13.8m
Purchase Of Business — — — — — — ($671.2m) ($282.5m) ($625.4m) ($2.6b) ($2.6b)
Purchase Of Intangibles — — — — — — ($671.8m) ($3.1b) ($839.3m) ($80.8m) ($80.8m)
Purchase Of Investment — — — — — — ($11.2b) ($4.0b) ($4.5b) ($10.9b) ($10.9b)
Purchase Of PPE $283.4m $337.8m $366.5m $474.5m $342.9m $428.8m ($2.4b) ($2.2b) ($2.7b) ($2.0b) ($2.1b)
Sale Of Business — — — — — $600.5m $2.4m $1.4m $0 — $0
Sale Of Investment — — — — — — $15.1b $3.6b $4.6b $7.0b $7.0b
Sale Of PPE — — — — — — $42.8m $199.0m $20.5m $14.8m $14.8m
Stock Based Compensation — — — — — — $1.2b $1.5b $1.5b $1.7b $1.7b

Amounts are shown in USD as reported in each fiscal year filing.

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