← VNET Group, Inc.
| 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 (Loss) Attributable to Parent | ($91.3m) |
($118.8m)
-30.15%
|
($29.8m)
+74.89%
|
($26.2m)
+12.22%
|
($415.2m)
-1485.85%
|
$78.5m
+118.90%
|
($112.5m)
-243.36%
|
($372.4m)
-230.99%
|
$25.1m
+106.74%
|
($36.0m)
-243.49%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | — | — | — | — | — | — | — | — | $168.1m |
($36.7m)
-121.84%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ($134.2m) | ($141.0m) | ($27.2m) | ($26.0m) | ($410.8m) | $80.8m | ($110.5m) | ($365.8m) | $34.0m | ($19.1m) | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | ($43.0m) | ($22.3m) | $2.7m | $150k | $4.5m | $2.4m | $2.0m | $6.6m | $8.9m | $67.5m | — | |
| Depreciation, Depletion and Amortization | — | $667.1m | $634.6m | $110.9m | $151.6m | $198.9m | $231.4m | $254.6m | $219.0m | $304.0m | $2.1b | |
| Amortization of Intangible Assets | $26.5m | $22.1m | $9.9m | $10.2m | $11.1m | $14.9m | $17.8m | $128.0m | $109.9m | $146.3m | — | |
| Capitalized Computer Software, Amortization | $57k | — | — | — | — | — | — | — | — | — | — | |
| Depreciation | $69.2m | $80.5m | $82.4m | $100.0m | $139.2m | $182.8m | $212.1m | $1.7b | $1.5b | $2.0b | $2.1b | |
| Deferred Income Tax Expense (Benefit) | ($9.5m) | ($19.7m) | ($2.9m) | ($9.3m) | ($3.5m) | $51k | $2.6m | ($6.1m) | ($1.8m) | $8.8m | $61.6m | |
| Deferred income tax (benefits) expenses | ($65.9m) | ($128.0m) | ($19.8m) | ($64.9m) | ($22.5m) | $325k | $17.9m | ($43.2m) | ($12.9m) | $61.6m | $61.6m | |
| Share-based Payment Arrangement, Noncash Expense | $17.1m | $7.2m | $8.7m | $6.3m | $21.0m | $50.2m | $17.1m | $5.0m | $20.4m | $3.7m | $25.8m | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | — | $11.0m | $18.5m | — | — | $25.8m | |
| Share-based compensation expense | $118.7m | $47.1m | $59.5m | $43.9m | $136.8m | $320.0m | $118.2m | $35.3m | $148.6m | $25.8m | $25.8m | |
| Equity Method Investment, Other than Temporary Impairment | — | — | — | — | — | — | $3.5m | — | — | — | — | |
| Goodwill, Impairment Loss | $0 | $117.8m | $0 | — | — | — | — | $192.1m | $0 | — | $679.8m | |
| Impairment of Intangible Assets, Finite-lived | $22.3m | $25.3m | — | — | $5.9m | $37.8m | $41.3m | $15.1m | — | — | — | |
| Impairment of long-lived assets | $392.9m | $401.8m | $0 | $0 | $81.6m | $109.3m | — | $506.7m | — | — | — | |
| Impairment of goodwill | $0 | $766.4m | $0 | $0 | — | $0 | $0 | $1.4b | $0 | — | — | |
| Impairment of long-term investments | — | — | — | — | $13.0m | $3.5m | — | $11.2m | — | — | — | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | — | — | $2.4m | $2.6m | — | — | — | — | — | — | — | |
| Income (Loss) from Equity Method Investments | $5.1m | $8.3m | ($27.1m) | ($7.3m) | $1.7m | ($6.1m) | $279k | $462k | $1.1m | $984k | — | |
| Gain from equity method investments | ($35.7m) | ($53.8m) | $186.6m | $50.6m | ($10.9m) | $38.7m | ($1.9m) | ($3.3m) | ($8.0m) | ($6.9m) | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Accounts Receivable, Credit Loss Expense (Reversal) | $16.9m | $5.8m | ($87k) | $224k | $367k | $2.9m | $5.1m | $51.9m | $14.8m | $14.7m | ($629.4m) | |
| Increase (Decrease) in Inventories | ($1.3m) | $174k | $163k | — | — | — | — | — | — | — | — | |
| Accounts and notes payables | $46.9m | $42.5m | $41.4m | $9.2m | ($13.7m) | $195.7m | $220.1m | ($24.4m) | $20.0m | $32.6m | — | |
| Accrued expenses and other payables | $82.2m | $270.1m | $77.7m | $77.3m | $91.1m | $316.0m | $226.9m | $200.1m | $139.7m | $395.3m | — | |
| Purchase of property and equipment included in accrued expenses and other payables | ($51.7m) | ($15.8m) | $21.9m | $344.2m | $591.2m | $321.1m | $457.3m | $270.9m | $940.8m | $192.9m | ($7.8b) | |
| Purchase of intangible assets included in accrued expenses and other payables | ($1.3m) | $1.4m | $870k | ($1.6m) | $2.9m | ($129k) | $4.8m | $3.5m | $219k | $25.1m | — | |
| Consideration payable for acquisition of noncontrolling interest included in accrued expenses and other payables | ($306.1m) | ($937k) | $36.7m | — | — | — | — | $47.5m | — | — | — | |
| Purchases of property and equipment, accrued but unpaid | $82.7m | $60.9m | $63.3m | $179.4m | $379.1m | $422.4m | $434.3m | $418.0m | $674.5m | $1.1b | ($7.8b) | |
| Deferred revenue | ($28.1m) | ($65.4m) | $2.0m | ($129k) | $5.6m | ($7.5m) | $39.4m | $399k | ($5.6m) | $50.8m | — | |
| Prepaid expenses and other current assets | ($148.8m) | ($310.2m) | ($261.3m) | ($328.2m) | ($117.1m) | $73.6m | $622.0m | ($365.8m) | $115.0m | $264.9m | — | |
| Net Cash Provided by (Used in) Operating Activities | $83.6m |
$402.3m
+381.12%
|
$102.5m
-74.51%
|
$115.3m
+12.48%
|
$109.5m
-5.09%
|
$217.8m
+98.97%
|
$353.8m
+62.44%
|
$290.6m
-17.85%
|
$274.7m
-5.47%
|
$274.4m
-0.14%
|
$1.9b
+599.96%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $82.7m | $60.9m | $63.3m | $179.4m | $379.1m | $422.4m | $434.3m | $418.0m | $674.5m | $1.1b | ($7.8b) | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($23.6m) | $5.7m | $15.4m | $2.5m | $1.8m | $10.2m | $6.1m | $31.7m | $87.7m | $87.7m | ($519.6m) | |
| Payments for short-term investments | ($285.1m) | ($755.9m) | ($98.9m) | ($436.7m) | ($328.2m) | ($64.6m) | — | ($503.3m) | ($167.1m) | ($1.5b) | — | |
| Proceeds received from maturity of short-term investments | $112.3m | $484.9m | $417.6m | $312.2m | $397.6m | $347.5m | — | $144.5m | $529.4m | $1.1b | — | |
| Proceeds from disposal of long-term investments | $11.3m | — | $75.7m | $19.0m | $1.9m | $120k | — | — | $26.9m | $22.0m | — | |
| Payments for long-term investments | ($48.7m) | ($162.2m) | ($252.8m) | ($9.3m) | — | ($5.0m) | ($213.0m) | ($517.3m) | ($53.7m) | ($278.6m) | — | |
| Payments for acquisitions, net of cash acquired | ($56.3m) | ($25.1m) | — | ($148.1m) | ($369.9m) | ($509.6m) | ($3.0m) | $2k | — | ($279.4m) | — | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | — | $552k | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($841.0m) | ($699.3m) | ($44.3m) | ($231.6m) | ($596.0m) | ($592.0m) | ($516.0m) | ($550.0m) | ($601.5m) | ($1.1b) | ($8.3b) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | ($4.3m) | — | — | ($2.7m) | — | — | — | — | $33.7m | — | — | |
| Proceeds from Issuance of Long-term Debt | — | $297.6m | — | $289.0m | — | — | — | — | — | — | $12.3b | |
| Provision for doubtful debt | — | — | — | — | — | $18.4m | $50.4m | $368.5m | $107.9m | $102.7m | — | |
| Proceeds from long-term bank borrowings | $214.6m | $44.4m | — | — | $594.6m | $1.6b | $1.1b | $1.8b | $3.0b | $5.0b | — | |
| Proceeds from short-term bank borrowings | $1.7b | $70.0m | $70.0m | $234.5m | $34.0m | — | — | $30.0m | $818.0m | $1.3b | — | |
| Proceeds from other long-term borrowings | — | — | — | $110.0m | $374.4m | $220.0m | $282.0m | $1.0b | $1.8b | $1.3b | — | |
| Repayments of long-term bank borrowings | — | ($94.0m) | ($70.6m) | ($85.1m) | ($33.0m) | ($179.5m) | ($238.3m) | ($292.6m) | ($822.3m) | ($725.9m) | — | |
| Repayments of short-term bank borrowings | — | ($1.7b) | ($70.0m) | ($50.0m) | ($234.5m) | ($34.0m) | — | — | ($259.0m) | ($743.4m) | — | |
| Repayments and deposits for other long-term borrowings | — | — | ($48.4m) | ($19.4m) | ($125.8m) | ($175.1m) | ($207.1m) | ($268.1m) | ($765.9m) | ($1.4b) | — | |
| Payments for Repurchase of Common Stock | $6.1m | $20.5m | — | $1.7m | $20.0m | $267.1m | — | — | — | $2.5m | — | |
| Proceeds from Issuance of Common Stock | $367.1m | — | — | $82k | $410.8m | ($21k) | — | $298.9m | — | — | $951.4m | |
| Dividends to noncontrolling interests | — | — | — | — | — | — | — | ($11) | ($26) | — | — | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | — | — | — | — | — | — | ($730k) | — | |
| Net cash generated from (used in) financing activities | $209.5m |
$1.1b
+420.13%
|
($19.9m)
-101.83%
|
$461.6m
+2419.27%
|
$4.2b
+802.00%
|
$967.6m
-76.76%
|
$2.3b
+137.51%
|
$3.9b
+71.50%
|
($627.7m)
-115.93%
|
$10.2b
+1728.43%
|
— | |
| Net Cash Provided by (Used in) Financing Activities | — | — | ($2.9m) |
$66.3m
+2389.43%
|
$638.0m
+862.33%
|
$151.8m
-76.20%
|
$333.2m
+119.45%
|
$555.1m
+66.60%
|
($86.0m)
-115.49%
|
$1.5b
+1799.73%
|
$8.8b
+502.24%
|
|
| Net increase (decrease) in cash and cash equivalents and restricted cash | $1.3b | ($1.1b) | $465.6m | ($303.8m) | $759.3m | ($1.4b) | $1.3b | $2.1b | ($3.0b) | $4.1b | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | ($43.6m) | $116.4m | ($220.9m) | $185.7m | $297.1m | ($413.5m) | $589.2m | $8.1b | |
| Cash and cash equivalents and restricted cash at beginning of year | $3.3b | $2.2b | $2.7b | $2.4b | $3.1b | $1.7b | $3.0b | $5.1b | $2.1b | $6.2b | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $387.0m | $338.6m | $477.6m | $268.1m | $433.4m | $718.2m | $285.1m | $886.8m | $8.1b | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $12.4m | $6.3m | ($35.1m) | $1.4m | — | — | — | — | ($40.6m) | |
| Effect of foreign exchange rate changes on cash and cash equivalents and restricted cash | $160.3m | ($140.3m) | $85.3m | $43.7m | ($229.1m) | $9.2m | $102.0m | $10.0m | ($4.9m) | ($7.2m) | — | |
| Restricted cash-current | $2.0b | $242.5m | $265.2m | $478.9m | $270.4m | $327.8m | $327.7m | $2.9b | $545.8m | $656.0m | — | |
| Restricted cash-non-current | $33.5m | $3.3m | $37.3m | $69.8m | $135.6m | $8.2m | $500k | $882k | $42.8m | $22.1m | — | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Proceeds from Stock Options Exercised | $650k | $142k | $63k | $62k | $464k | $74k | — | — | — | — | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | ($155.7m) | ($96.8m) | $23.4m | $31.0m | $43.6m | $40.8m | $32.2m | $35.4m | $59.5m | $81.6m | — | |
| Income Taxes Paid, Net | ($50.3m) | ($55.1m) | $8.3m | $6.0m | $15.7m | $13.0m | $23.2m | $20.5m | $29.0m | $60.4m | — | |
| Noncash investing and financing activities: | ||||||||||||
| Additional Financial Items | ||||||||||||
| Deconsolidation, Gain (Loss), Amount | — | — | ($3.9m) | — | — | — | — | — | — | $67.2m | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | $8.1m | ($2.6m) | ($11.8m) | ($4.0m) | $35.0m | $17.3m | ($75.9m) | ($11.1m) | ($2.6m) | $790k | — | |
| Gain (Loss) on Disposition of Assets | ($1.7m) | $505k | $1.2m | ($39k) | ($922k) | ($995k) | ($2.3m) | ($450k) | $17.3m | $5.3m | — | |
| Gain (Loss) on Disposition of Business | — | $76.4m | — | — | — | — | — | — | — | — | — | |
| General and Administrative Expense | $92.1m | $79.9m | $67.3m | $59.7m | $82.0m | $132.2m | $93.2m | $76.3m | $90.3m | $114.0m | — | |
| Goodwill | $252.9m | $152.1m | $143.9m | $142.1m | $152.5m | $210.2m | $197.8m | — | $0 | — | $679.8m | |
| Income Tax Expense (Benefit) | ($1.6m) | ($13.9m) | $3.5m | $781k | $16.8m | $17.5m | $19.4m | $16.1m | $32.1m | $79.7m | — | |
| Investment Income, Interest | $3.0m | $5.1m | $6.6m | — | — | — | — | — | — | — | — | |
| Proceeds from Noncontrolling Interests | $576k | $20.7m | $28.5m | $1.2m | $3.8m | $1.8m | — | — | $2.2m | $226.5m | — | |
| Provision for Loan, Lease, and Other Losses | — | — | — | — | — | — | $2.2m | — | — | — | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | — | — | $5.1m | $54.5m | $106.3m | $97.5m | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $494.7m | — | — | — | — | — | — | — | — | |
| Net (loss) income | ($931.9m) | ($917.6m) | ($186.7m) | ($181.2m) | ($2.7b) | $515.1m | ($762.0m) | ($2.6b) | $248.4m | ($133.4m) | — | |
| Foreign exchange loss (gain), net | ($56.3m) | $17.2m | $81.1m | $28.0m | ($228.1m) | ($110.0m) | $523.2m | $79.0m | $19.2m | ($5.5m) | — | |
| Gain from disposal of subsidiaries | — | ($497.0m) | ($4.8m) | — | — | ($17.2m) | ($1.4m) | ($495k) | — | ($469.8m) | — | |
| Reduction in the carrying amount of right-of-use assets | — | — | — | — | — | — | $508.8m | $433.1m | $470.6m | $679.8m | — | |
| Changes in the fair value of financial instruments | — | — | — | — | $2.5b | ($829.1m) | ($22.6m) | $165.9m | $74.1m | $314.3m | — | |
| Accounts and notes receivable | ($41.0m) | $18.3m | ($68.8m) | ($156.1m) | ($171.6m) | ($533.3m) | ($381.2m) | ($5.8m) | ($62.0m) | ($663.7m) | — | |
| Amounts due from related parties | ($17.0m) | $4.4m | ($38.0m) | $11.4m | $37.5m | ($17.5m) | ($7.0m) | ($2.9m) | ($25.1m) | $23.4m | — | |
| Amounts due to related parties | $3.6m | ($14.4m) | $12.9m | $6.0m | ($5.6m) | $7.4m | ($992k) | $6.1m | ($401k) | $60.2m | — | |
| Income taxes payable | ($28.1m) | ($6.5m) | ($198k) | $34.9m | ($19.0m) | $14.7m | ($1.8m) | ($6.8m) | $34.4m | $84.8m | — | |
| Unrecognized tax benefits | $14.2m | ($3.9m) | ($9.8m) | ($4.2m) | $66.3m | $8.9m | $9.6m | $11.3m | $9.4m | $10.9m | — | |
| Advances from customers | $15.6m | $201.8m | $266.8m | $398.7m | ($27.1m) | $307k | $116.1m | $447.3m | ($226.4m) | ($438.7m) | — | |
| Deferred government grants | ($6.6m) | ($5.0m) | ($6.6m) | $500k | — | $93k | $5.0m | $155.3m | $140.9m | $89.5m | — | |
| Operating lease liabilities | — | — | — | ($170.3m) | ($356.0m) | ($554.0m) | ($465.2m) | ($481.6m) | ($449.1m) | ($648.7m) | — | |
| Purchases of intangible assets | ($38.0m) | ($19.0m) | ($17.9m) | ($26.5m) | ($30.1m) | ($42.3m) | ($57.3m) | ($50.9m) | ($130.1m) | ($210.6m) | — | |
| Purchases of land use rights | — | — | — | ($24.5m) | — | ($91.7m) | ($47.7m) | ($42.3m) | ($74.6m) | — | — | |
| Proceeds from disposal of subsidiaries, net | — | ($64.6m) | $3.4m | — | $5.8m | — | $300k | $12.7m | — | $756.0m | — | |
| Payments of loans to third parties | — | — | ($20.0m) | — | ($12.6m) | ($16.5m) | ($217.6m) | ($1.6m) | ($39.1m) | — | — | |
| Receipts of loans to third parties | $43.3m | $100.0m | $20.4m | — | $30.0m | $17.0m | $5.0m | $94.0m | — | $40.5m | — | |
| Payments of loans to related parties | — | — | — | ($66.7m) | ($62.5m) | ($75.9m) | ($500k) | ($115.0m) | ($63.9m) | ($116.4m) | — | |
| Receipt of loans to a related party | — | — | — | — | — | — | — | $9.8m | $28.3m | — | — | |
| Proceeds from collection of the deposit associated with an acquisition | — | — | — | $30.0m | $106.4m | $30.0m | — | — | $200.0m | $9.5m | — | |
| Proceeds from issuance of ordinary shares (Note 25) | $2.5b | — | — | $572k | $2.7b | ($131k) | — | $2.1b | — | — | — | |
| Payment of issuance costs of ordinary shares | — | — | — | — | ($9.4m) | — | — | ($1.9m) | ($35.8m) | — | — | |
| Repurchase of Convertible Notes | — | — | — | — | — | — | — | ($529.2m) | ($4.3b) | — | — | |
| Proceeds from loan from a related party (Note 22) | — | — | $44.0m | — | — | — | — | $350.0m | — | — | — | |
| Repayment of loans from third parties | — | ($100.0m) | — | ($67.7m) | ($169.3m) | ($66.9m) | — | ($78.0m) | — | — | — | |
| Contribution from noncontrolling interest in subsidiaries | $4.0m | $134.6m | $196.3m | $8.5m | $24.9m | $11.2m | — | — | $16.0m | $1.6b | — | |
| Payments for acquisition of noncontrolling interest | — | — | — | — | — | — | — | $10.1m | ($46.4m) | ($303.3m) | — | |
| Payments for share repurchase and cancellation | ($42.7m) | ($133.1m) | — | ($11.8m) | ($130.5m) | ($1.7b) | — | — | — | ($17.2m) | — | |
| Refund of prepayment for share repurchase plan | — | — | $42.7m | — | — | — | — | $7.3m | — | — | — | |
| Cash and cash equivalents | $1.3b | $1.9b | $2.4b | $1.8b | $2.7b | $1.4b | $2.7b | $2.2b | $1.5b | $5.5b | $5.8b | |
| Right-of-use assets obtained in exchange for new operating lease liabilities | — | — | — | $618.1m | $479.0m | $2.1b | $944.1m | $953.0m | $1.1b | $932.9m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.