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Consolidated Statements of Cash Flows
¥ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
USD ($)
Dec. 31, 2019
CNY (¥)
Dec. 31, 2018
CNY (¥)
Dec. 31, 2017
CNY (¥)
Cash flows from operating activities:        
Net income/(loss) $ 1,707,904 ¥ 11,890,092 ¥ (2,800,550) ¥ (11,718)
Loss from discontinued operations, net of income tax       (6,915)
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:        
Depreciation and amortization 837,148 5,828,055 5,560,034 4,192,716
Share-based compensation 530,746 3,694,955 3,659,989 2,780,062
(Gains)/losses from disposal of property, equipment and software 9,407 65,492 (11,166) 11,591
Deferred income tax 76,577 533,117 (10,454) (221,010)
Amortization of discounts and issuance costs of the unsecured senior notes 2,128 14,812 13,649 13,426
Impairment of goodwill and intangible assets     22,317  
Impairment of investments 280,679 1,954,031 593,138 139,823
Fair value change of long-term investments (502,127) (3,495,709) 1,512,979  
Gain from business and investment disposals (172,284) (1,199,407) (1,320,266) (74,965)
Gain on sale of development properties (558,004) (3,884,709)
Share of results of equity investees 249,680 1,738,219 1,113,105 1,926,720
Foreign exchange (gains)/losses (17,822) (124,070) 192,491 (213,482)
Changes in operating assets and liabilities:        
Accounts receivable 565,485 3,936,793 4,287,004 (545,991)
Inventories (1,998,852) (13,915,610) (2,342,058) (12,788,337)
Advance to suppliers (18,359) (127,812) (75,370) (137,457)
Prepayments and other current assets 69,819 486,067 (899,139) (328,041)
Operating lease right-of-use assets (202,152) (1,407,345)    
Amount due from related parties (215,566) (1,500,728) 1,769,930 2,456,933
Other non-current assets (58,740) (408,937) 44,990 (372,576)
Accounts payable 1,492,623 10,391,341 5,466,698 26,106,191
Advance from customers 439,688 3,061,018 (745,854) 2,138,964
Deferred revenues 65,325 454,780 (603,464) (374,042)
Taxes payable 103,821 722,781 166,120 92,932
Accrued expenses and other current liabilities 634,557 4,417,646 5,158,390 4,624,014
Operating lease liabilities 218,569 1,521,635    
Amount due to related parties 19,350 134,713 128,909 (66,370)
Net cash provided by continuing operating activities 3,559,600 24,781,220 20,881,422 29,342,468
Net cash used in discontinued operating activities       (2,485,741)
Net cash provided by operating activities 3,559,600 24,781,220 20,881,422 26,856,727
Cash flows from investing activities:        
Purchase of short-term investments (3,519,398) (24,501,345) (2,518,000) (9,288,743)
Maturity of short-term investments 289,914 2,018,324 9,053,087 7,211,608
Purchases of investment securities (110,721) (770,818) (4,562,283) (7,824,277)
Cash received from disposal of investment securities 144,946 1,009,088 317,975  
Cash paid for investments in equity investees (1,509,442) (10,508,432) (17,398,204) (6,207,880)
Cash received from disposal of equity investment 518,014 3,606,308 1,606,338 202,774
Cash paid for loan originations (6,257,068) (43,560,458) (36,432,214) (24,379,691)
Cash received from loan repayments 6,405,302 44,592,432 38,984,140 23,019,358
Purchase of property, equipment and software (373,045) (2,597,069) (9,743,453) (3,294,286)
Purchase of intangible assets (5,954) (41,449) (130,797) (8,774)
Purchase of land use rights (149,258) (1,039,106) (4,136,305) (4,785,538)
Cash paid for construction in progress (764,453) (5,321,968) (7,358,939) (3,267,277)
Cash received from sale of development properties 1,135,518 7,905,251    
Cash paid for business combination, net of cash acquired (5,944) (41,380) (19,578) (160,658)
Loans (provided to)/settled by JD Digits 595,937 4,148,796 6,259,241 (6,187,891)
Proceeds from JD Digits reorganization (Note 6)       13,027,155
Other investing activities (35,556) (247,531)    
Net cash used in continuing investing activities (3,641,208) (25,349,357) (26,078,992) (21,944,120)
Net cash used in discontinued investing activities       (17,871,171)
Net cash used in investing activities (3,641,208) (25,349,357) (26,078,992) (39,815,291)
Cash flows from financing activities:        
Proceeds from issuance of ordinary shares     3,531,870  
Repurchase of ordinary shares (18,818) (131,010) (205,886)  
Proceeds from settlement of capped call options       737,501
Proceeds from issuance of ordinary shares pursuant to share-based awards 16,110 112,153 48,555 135,745
Proceeds from issuance of convertible redeemable preferred shares of JD Logistics, net     15,958,792  
Capital injection from non-controlling interest shareholders 955,035 6,648,761 805,561 209,725
Proceeds from short-term borrowings 833,664 5,803,800 1,179,422 700,000
Repayment of short-term borrowings (857,504) (5,969,768) (1,200,000) (2,356,888)
Proceeds from long-term borrowings     2,890,575  
Proceeds from nonrecourse securitization debt       16,500,000
Repayment of nonrecourse securitization debt (558,222) (3,886,227) (11,960,194) (10,889,371)
Other financing activities (753) (5,242) 171,233 143,653
Net cash provided by continuing financing activities 369,512 2,572,467 11,219,928 5,180,365
Net cash provided by discontinued financing activities       14,054,620
Net cash provided by financing activities 369,512 2,572,467 11,219,928 19,234,985
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 58,302 405,891 1,681,163 (641,534)
Net increase in cash, cash equivalents, and restricted cash 346,206 2,410,221 7,703,521 5,634,887
Cash, cash equivalents, and restricted cash at beginning of year 5,386,834 37,502,058 29,798,537 24,163,650
Cash, cash equivalents, and restricted cash at end of year 5,733,040 39,912,279 37,502,058 29,798,537
Supplemental cash flow disclosures of continuing operations:        
Cash paid for income taxes (116,008) (807,622) (666,305) (240,899)
Cash paid for interest (97,550) (679,120) (421,035) ¥ (577,306)
Supplemental disclosures of non-cash investing and financing activities:        
Issuance of ordinary shares in connection with strategic cooperation agreement with Tencent 109,052 759,195    
Equity investments obtained through commitment of future services and contribution of certain business 340,545 2,370,807 ¥ 181,228  
Right-of-use assets acquired under operating leases $ 698,206 ¥ 4,860,770