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Consolidated Statements of Cash Flows
$ in Thousands
12 Months Ended
Dec. 31, 2020
CNY (¥)
Dec. 31, 2020
USD ($)
Dec. 31, 2019
CNY (¥)
Dec. 31, 2018
CNY (¥)
Cash flows from operating activities:        
Net income/(loss) ¥ 49,337,246,000 $ 7,561,264 ¥ 11,890,092,000 ¥ (2,800,550,000)
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:        
Depreciation and amortization 6,067,654,000 929,909 5,828,055,000 5,560,034,000
Share-based compensation 4,155,933,000 636,926 3,694,955,000 3,659,989,000
(Gains)/losses from disposal of property, equipment and software 67,545,000 10,352 65,492,000 (11,166,000)
Gain from extinguishment of debt (11,101,000) (1,701)    
Deferred income tax (718,927,000) (110,180) 533,117,000 (10,454,000)
Amortization of discounts and issuance costs of the unsecured senior notes 19,255,000 2,951 14,812,000 13,649,000
Allowance for doubtful accounts 352,803,000 54,070 423,748,000 170,456,000
Impairment of goodwill and intangible assets       22,317,000
Impairment of investments 207,571,000 31,812 1,954,031,000 593,138,000
Fair value change of long-term investments (29,482,650,000) (4,518,414) (3,495,709,000) 1,512,979,000
Gain from business and investment disposals (278,747,000) (42,720) (1,199,407,000) (1,320,266,000)
Gain on sale of development properties (1,648,747,000) (252,682) (3,884,709,000)  
Share of results of equity investees (4,291,453,000) (657,694) 1,738,219,000 1,113,105,000
Foreign exchange (gains)/losses 89,992,000 13,792 (124,070,000) 192,491,000
Changes in operating assets and liabilities:        
Accounts receivable (412,132,000) (63,162) 3,723,398,000 4,162,592,000
Advance to suppliers (2,299,810,000) (352,461) (127,812,000) (75,370,000)
Inventories 799,356,000 122,507 (13,915,610,000) (2,342,058,000)
Prepayments and other current assets (259,551,000) (39,778) 275,714,000 (945,183,000)
Amount due from related parties 582,846,000 89,325 (1,500,728,000) 1,769,930,000
Operating lease right-of-use assets (2,922,000,000) (447,816) (1,407,345,000)  
Other non-current assets (870,857,000) (133,465) (408,937,000) 44,990,000
Accounts payable 11,094,782,000 1,700,350 10,391,341,000 5,466,698,000
Advance from customers 4,051,957,000 620,990 3,061,018,000 (745,854,000)
Deferred revenues (235,231,000) (36,051) 454,780,000 (603,464,000)
Taxes payable 849,043,000 130,122 722,781,000 166,120,000
Amount due to related parties 282,345,000 43,271 134,713,000 128,909,000
Accrued expenses and other current liabilities 4,783,792,000 733,144 4,417,646,000 5,158,390,000
Operating lease liabilities 3,233,403,000 495,541 1,521,635,000  
Net cash provided by operating activities 42,544,317,000 6,520,202 24,781,220,000 20,881,422,000
Cash flows from investing activities:        
Purchase of short-term investments (60,746,562,000) (9,309,818) (24,501,345,000) (2,518,000,000)
Maturity of short-term investments 25,148,440,000 3,854,167 2,018,324,000 9,053,087,000
Purchases of long-term time deposits (5,000,000,000) (766,284)    
Purchases of investment securities (1,121,545,000) (171,884) (770,818,000) (4,562,283,000)
Cash received from disposal of investment securities 9,138,962,000 1,400,607 1,009,088,000 317,975,000
Prepayments and investments in equity investees (16,938,995,000) (2,596,015) (10,508,432,000) (17,398,204,000)
Cash received from disposal of equity investment 1,092,009,000 167,358 3,606,308,000 1,606,338,000
Cash paid for loan originations (60,304,123,000) (9,242,011) (43,560,458,000) (36,432,214,000)
Cash received from loan repayments 60,879,128,000 9,330,135 44,592,432,000 38,984,140,000
Purchase of property, equipment and software (3,370,165,000) (516,500) (2,597,069,000) (9,743,453,000)
Purchase of intangible assets (19,361,000) (2,967) (41,449,000) (130,797,000)
Purchase of land use rights (1,518,259,000) (232,683) (1,039,106,000) (4,136,305,000)
Cash paid for construction in progress (7,549,109,000) (1,156,952) (5,321,968,000) (7,358,939,000)
Cash received from sale of development properties 4,786,884,000 733,622 7,905,251,000  
Cash paid for business combinations, net of cash acquired 671,356,000 102,890 (41,380,000) (19,578,000)
Loans (provided to)/settled by JD Digits (2,341,767,000) (358,891) 4,148,796,000 6,259,241,000
Other investing activities (617,481,000) (94,634) (247,531,000)  
Net cash used in investing activities (57,810,588,000) (8,859,860) (25,349,357,000) (26,078,992,000)
Cash flows from financing activities:        
Proceeds from issuance of ordinary shares 31,341,555,000 4,803,303   3,531,870,000
Repurchase of ordinary shares (311,776,000) (47,782) (131,010,000) (205,886,000)
Proceeds from issuance of ordinary shares pursuant to share-based awards 235,889,000 36,152 112,153,000 48,555,000
Proceeds from issuance of convertible redeemable preferred shares of JD Logistics 443,039,000 67,899 15,958,792,000
Capital injection from non-controlling interest shareholders 34,578,794,000 5,299,431 6,648,761,000 805,561,000
Proceeds from short-term borrowings 14,765,536,000 2,262,917 5,803,800,000 1,179,422,000
Repayment of short-term borrowings (16,581,632,000) (2,541,246) (5,969,768,000) (1,200,000,000)
Proceeds from long-term borrowings     2,890,575,000
Repayment of long-term borrowings (123,296,000) (18,896)    
Proceeds from unsecured senior notes 6,803,716,000 1,042,715    
Repurchase of unsecured senior notes (72,326,000) (11,084)    
Repayment of nonrecourse securitization debt     (3,886,227,000) (11,960,194,000)
Other financing activities (7,904,000) (1,211) (5,242,000) 171,233,000
Net cash provided by financing activities 71,071,595,000 10,892,198 2,572,467,000 11,219,928,000
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (5,082,380,000) (778,908) 405,891,000 1,681,163,000
Net increase/(decrease) in cash, cash equivalents, and restricted cash 50,722,944,000 7,773,632 2,410,221,000 7,703,521,000
Cash, cash equivalents, and restricted cash at beginning of the year 39,912,279,000 6,116,824 37,502,058,000 29,798,537,000
Cash, cash equivalents, and restricted cash at end of year, including cash and cash equivalents classified within assets held for sale 90,635,223,000 13,890,456 39,912,279,000 37,502,058,000
Less: cash, cash equivalents, and restricted cash classified within assets held for sale at end of year 115,918,000      
Cash, cash equivalents, and restricted cash at end of year 90,519,305,000 13,872,691 39,912,279,000 37,502,058,000
Supplemental cash flow disclosures of continuing operations:        
Cash paid for income taxes (1,190,062,000) (182,385) (807,622,000) (666,305,000)
Cash paid for interest (1,019,932,000) (156,311) (679,120,000) (421,035,000)
Supplemental disclosures of non-cash investing and financing activities:        
Issuance of ordinary shares in connection with strategic cooperation agreement with Tencent 549,433,000 84,204 759,195,000  
Equity investments obtained through commitment of future services and contribution of certain business     2,370,807,000 ¥ 181,228,000
Right-of-use assets acquired under operating leases 10,677,689,000 1,636,427 ¥ 4,860,770,000  
Acquisition of equity interest in Jiangsu Five Star by loan conversion 1,024,946,000 157,080    
Acquisition of equity interest in Kuayue Express by issuance of ordinary shares of JD Logistics ¥ 115,856,000 $ 17,756