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Consolidated Statements of Cash Flows
¥ in Millions, $ in Millions
12 Months Ended
Dec. 31, 2021
CNY (¥)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
CNY (¥)
Dec. 31, 2019
CNY (¥)
Cash flows from operating activities:        
Net income/(loss) ¥ (4,467) $ (701) ¥ 49,337 ¥ 11,890
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:        
Depreciation and amortization 6,232 978 6,068 5,828
Share-based compensation 9,134 1,433 4,156 3,695
Losses from disposal of property, equipment and software 18 3 68 65
Gain from extinguishment of debt     (11)  
Deferred income tax (651) (102) (719) 533
Amortization of discounts and issuance costs of the unsecured senior notes 14 2 19 15
Allowance for doubtful accounts 708 111 353 424
Impairment of investments 574 90 208 1,954
Fair value change of long-term investments 7,252 1,138 (29,483) (3,496)
Gain from business and investment disposals (140) (22) (279) (1,199)
Gain on sale of development properties (767) (120) (1,649) (3,885)
Share of results of equity investees 4,918 772 (4,291) 1,738
Foreign exchange (gains)/losses (42) (7) 90 (124)
Changes in operating assets and liabilities:        
Accounts receivable (5,632) (884) (412) 3,723
Advance to suppliers (107) (17) (2,300) (128)
Inventories (16,697) (2,620) 799 (13,916)
Prepayments and other current assets (2,539) (399) (260) 276
Amount due from related parties (278) (44) 583 (1,501)
Operating lease right-of-use assets (4,045) (635) (2,922) (1,407)
Other non-current assets (1,701) (267) (871) (409)
Accounts payable 32,585 5,113 11,095 10,391
Advance from customers 8,702 1,366 4,052 3,061
Deferred revenues (243) (38) (235) 455
Taxes payable (468) (73) 849 723
Amount due to related parties (66) (10) 282 135
Accrued expenses and other current liabilities 5,257 825 4,784 4,418
Operating lease liabilities 4,180 656 3,233 1,522
Other non-current liabilities 570 90    
Net cash provided by operating activities 42,301 6,638 42,544 24,781
Cash flows from investing activities:        
Purchase of short-term investments (167,684) (26,313) (60,747) (24,501)
Maturity of short-term investments 113,362 17,789 25,148 2,018
Purchases of long-term time deposits (160) (25) (5,000)  
Purchases of investment securities (2,656) (417) (1,122) (771)
Cash received from disposal of investment securities 13,165 2,066 9,139 1,009
Prepayments and investments in equity investees (11,576) (1,817) (16,939) (10,508)
Cash received from disposal of equity investments 407 64 1,092 3,606
Cash paid for loan originations (82,197) (12,899) (60,304) (43,560)
Cash received from loan repayments 80,561 12,642 60,879 44,592
Purchase of property, equipment and software (5,562) (873) (3,370) (2,597)
Disposal of equipment and other assets (Note 6) 1,765 277    
Purchase of intangible assets (23) (4) (19) (41)
Cash paid for asset acquisitions, net of cash acquired (1,603) (252)    
Purchase of land use rights (7,825) (1,228) (1,518) (1,039)
Cash paid for construction in progress (8,868) (1,392) (7,549) (5,322)
Cash received from sale of development properties 3,549 557 4,787 7,905
Cash received from/(paid for) business combinations, net of cash acquired (321) (50) 671 (41)
Loans settled by/(provided to) JD Technology (169) (27) (2,342) 4,149
Other investing activities 1,587 251 (617) (248)
Net cash used in investing activities (74,248) (11,651) (57,811) (25,349)
Cash flows from financing activities:        
Proceeds from issuance of ordinary shares     31,342  
Repurchase of ordinary shares (5,246) (823) (312) (131)
Proceeds from issuance of ordinary shares pursuant to share-based awards 62 10 236 112
Proceeds from issuance of convertible redeemable preferred shares of JD Logistics     443  
Capital injection from non-controlling interest shareholders 27,662 4,341 34,579 6,649
Return of capital to non-controlling interests (68) (11)    
Acquisition of additional equity interests in non-wholly owned subsidiaries (775) (122)    
Proceeds from short-term borrowings 7,133 1,119 14,766 5,804
Repayment of short-term borrowings (5,982) (938) (16,582) (5,970)
Repayment of long-term borrowings (29) (5) (123)  
Proceeds from unsecured senior notes     6,804  
Repurchase and repayment of unsecured senior notes (3,246) (509) (72)  
Repayment of nonrecourse securitization debt       (3,886)
Other financing activities (8) (2) (9) (6)
Net cash provided by financing activities 19,503 3,060 71,072 2,572
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (1,498) (235) (5,082) 406
Net increase/(decrease) in cash, cash equivalents, and restricted cash (13,942) (2,188) 50,723 2,410
Cash, cash equivalents, and restricted cash at beginning of year, including cash and cash equivalents classified within assets held for sale 90,635 14,223 39,912 37,502
Less: cash, cash equivalents, and restricted cash classified within assets held for sale at beginning of year 116 18    
Cash, cash equivalents, and restricted cash at beginning of year 90,519 14,205 39,912 37,502
Cash, cash equivalents, and restricted cash at end of year, including cash and cash equivalents classified within assets held for sale 76,693 12,035 90,635 39,912
Less: cash, cash equivalents, and restricted cash classified within assets held for sale at end of year     116  
Cash, cash equivalents, and restricted cash at end of year 76,693 12,035 90,519 39,912
Supplemental disclosure of cash flow information:        
Cash paid for income taxes (2,538) (398) (1,190) (808)
Cash paid for interest (1,221) (192) (1,020) (679)
Supplemental disclosures of non-cash investing and financing activities:        
Issuance of ordinary shares in connection with strategic cooperation agreement with Tencent 463 73 549 759
Equity investments obtained through commitment of future services and contribution of certain business       2,371
Right-of-use assets acquired under operating leases ¥ 10,228 $ 1,605 10,678 ¥ 4,861
Acquisition of equity interest in Jiangsu Five Star by loan conversion     1,025  
Acquisition of equity interest in Kuayue Express by issuance of ordinary shares of JD Logistics     ¥ 116