September September September September September September
30, 2023 30, 2024 30, 2024 30, 2023 30, 2024 30, 2024
---------- --------- ----------- --------- --------- -----------
RMB RMB US$ RMB RMB US$
Net cash
provided by
/(used in)
operating
activities 15,004 (6,219) (886) 39,908 33,204 4,732
Net cash
provided by
investing
activities 14,964 21,725 3,096 3,529 11,612 1,655
Net cash used in
financing
activities (4,486) (1,806) (257) (5,063) (18,220) (2,596)
Effects of
exchange rate
changes on
cash, cash
equivalents and
restricted
cash (763) (791) (114) 338 (1,038) (150)
-------- -------- ------- -------- -------- -------
Net increase in
cash, cash
equivalents and
restricted
cash 24,719 12,909 1,839 38,712 25,558 3,641
Cash, cash
equivalents,
and restricted
cash at
beginning of
period,
including cash
and cash
equivalents
classified
within assets
held for sale 99,149 92,047 13,116 85,156 79,451 11,322
Less: Cash, cash
equivalents,
and restricted
cash classified
within assets
held for sale
at beginning of
period -- (2) --* (41) (53) (8)
-------- -------- ------- -------- -------- -------
Cash, cash
equivalents,
and restricted
cash at
beginning of
period 99,149 92,045 13,116 85,115 79,398 11,314
-------- -------- ------- -------- -------- -------
Cash, cash
equivalents,
and restricted
cash at end of
period,
including cash
and cash
equivalents
classified
within assets
held for sale 123,868 104,956 14,955 123,868 104,956 14,955
Less: Cash, cash
equivalents,
and restricted
cash classified
within assets
held for sale
at end of
period -- (2) --* -- (2) --*
-------- -------- ------- -------- -------- -------
Cash, cash
equivalents and
restricted cash
at end of
period 123,868 104,954 14,955 123,868 104,954 14,955
======== ======== ======= ======== ======== =======
Net cash
provided
by/(used in)
operating
activities 15,004 (6,219) (886) 39,908 33,204 4,732
Less: Impact
from consumer
financing
receivables
included in the
operating cash
flow (1,747) (2,232) (318) (743) (1,375) (196)
Less: Capital
expenditures,
net of related
sales
proceeds
Capital
expenditures
for development
properties (3,013) (3,461) (493) (7,521) (6,411) (914)
Other capital
expenditures (1,980) (1,897) (271) (4,292) (5,148) (734)
-------- -------- ------- -------- -------- -------
Free cash flow 8,264 (13,809) (1,968) 27,352 20,270 2,888
======== ======== ======= ======== ======== =======
*Absolute value is less than US$1 million.
JD.com, Inc.
Supplemental Financial Information and Business
Metrics
(In RMB billions, except turnover days data)
Q3 Q4 Q1 Q2 Q3
2023 2023 2024 2024 2024
Cash flow
and
turnover
days
Operating
cash flow --
trailing
twelve
months
("TTM") 58.4 59.5 69.8 74.0 52.8
Free cash
flow -- TTM 39.4 40.7 50.6 55.6 33.6
Inventory
turnover
days(5) --
TTM 30.8 30.3 29.0 29.8 30.4
Accounts
payable
turnover
days(6) --
TTM 52.6 53.2 51.8 57.0 57.5
Accounts
receivable
turnover
days(7) --
TTM 5.4 5.6 5.4 5.7 5.8
(5) TTM inventory turnover days are the quotient
of average inventory over the immediately
preceding five quarters, up to and including
the last quarter of the period, to cost of
revenues of retail business for the last twelve
months, and then multiplied by 360 days. (6)
TTM accounts payable turnover days are the
quotient of average accounts payable for retail
business over the immediately preceding five
quarters, up to and including the last quarter
of the period, to cost of revenues of retail
business for the last twelve months, and then
multiplied by 360 days. (7) TTM accounts
receivable turnover days are the quotient of
average accounts receivable over the
immediately preceding five quarters, up to and
including the last quarter of the period, to
total net revenues for the last twelve months
and then multiplied by 360 days. Presented are
the accounts receivable turnover days excluding
the impact from consumer financing
receivables.
JD.com, Inc.
Unaudited Reconciliation of GAAP and Non-GAAP Results
(In millions, except percentage data)
For the three months ended For the nine months ended
------------------------------------ -------------------------------------
September September September September September September
30, 2023 30, 2024 30, 2024 30, 2023 30, 2024 30, 2024
------------ ----------- --------- ----------- ----------- -----------
RMB RMB US$ RMB RMB US$
Income from
operations 9,303 12,044 1,717 24,000 30,245 4,310
Add:
Share-based
compensation 1,373 778 110 3,824 2,203 314
Add:
Amortization
of intangible
assets
resulting from
assets and
business
acquisitions 309 144 21 972 769 110
Add: Effects of
business
cooperation
arrangements 112 113 16 333 337 48
Reversal of:
Gain on sale
of development
properties -- -- -- (1,481) -- --
------- ------- --------- ------- ------- ---------
Non-GAAP income
from
operations 11,097 13,079 1,864 27,648 33,554 4,782
------- ------- --------- ------- ------- ---------
Add:
Depreciation
and other
amortization 1,792 1,998 284 5,143 5,840 832
------- ------- --------- ------- ------- ---------
Non-GAAP EBITDA 12,889 15,077 2,148 32,791 39,394 5,614
======= ======= ========= ======= ======= =========
Total net
revenues 247,698 260,387 37,105 778,585 811,833 115,685
Non-GAAP
operating
margin 4.5% 5.0% 3.6% 4.1%
======= ======= ======= =======
Non-GAAP EBITDA
margin 5.2% 5.8% 4.2% 4.9%
======= ======= ======= =======
JD.com, Inc.
Unaudited Reconciliation of GAAP and Non-GAAP Results
(In millions, except percentage data)
For the three months ended For the nine months ended
-------------------------------------- -------------------------------------
September September September September September September
30, 2023 30, 2024 30, 2024 30, 2023 30, 2024 30, 2024
------------ ----------- ----------- ----------- ----------- -----------
RMB RMB US$ RMB RMB US$
Net income
attributable to
the Company's
ordinary
shareholders 7,936 11,731 1,671 20,778 31,505 4,490
Add: Share-based
compensation 1,078 639 91 3,073 1,780 254
Add: Amortization
of intangible
assets resulting
from assets and
business
acquisitions 144 48 7 525 342 49
Add: Reconciling
items on the share
of equity method
investments(8) 301 83 12 1,002 664 95
Add: Impairment of
goodwill,
long-lived assets,
and investments 384 1,036 148 1,772 2,696 384
Add/(Reversal of):
Loss/(Gain) from
fair value change
of long-term
investments 783 $(360.AU)$ (51) 395 (472) (67)
Reversal of: Gain
on sale of
development
properties -- -- -- (1,120) -- --
Reversal of: Gain
on
disposals/deemed
disposals of
investments and
others (5) (49) (7) (55) (279) (40)
Add: Effects of
business
cooperation
arrangements and
non-compete
agreements 112 113 16 333 337 48
Add/(Reversal of):
Tax effects on
non-GAAP
adjustments (96) (67) (10) 82 (40) (6)
------- ------- ------- ------- ------- --------
Non-GAAP net income
attributable to
the Company's
ordinary
shareholders 10,637 13,174 1,877 26,785 36,533 5,207
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