BABA Q4 2023 Earnings Report — Alibaba Group Holding Limited Revenue & Financial Results | Market Cap Arena

Alibaba Group Holding LimitedBABA

Q4 2023 Earnings

Reported March 30, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2023	Q3 2023	Q4 2022	QoQ Change	YoY Change
Revenue	$30.4B	$36.2B	$29.8B	-16.0%	2.0%
Op. Income	$2.2B	$5.1B	$2.4B	-56.5%	-8.8%
Gross Margin	33.3%	39.5%	31.9%	-6.1pp	1.4pp
Net Margin	11.4%	18.9%	-4.3%	-7.6pp	15.7pp
EPS (Diluted)	$1.48	$2.85	$-1.02	-48.0%	246.0%
Free Cash Flow	$1.5B	$14.1B	-$830M	-89.1%	285.3%

Revenue Flow

Item	Amount
REVENUE	$30.4B
Cost of Revenue	$20.3B
GROSS PROFIT	$10.1B
R&D Expenses	$2.0B
Selling & Marketing	$3.6B
General & Administrative	$1.9B
SG&A Expenses	$5.5B
Other Expenses	$364M
Operating Expenses	$7.9B
Cost & Expenses	$28.2B
OPERATING INCOME	$2.2B
Interest Income	$1.3B
Interest Expense	$0
Other Income/Expenses	$1.5B
INCOME BEFORE TAX	$3.8B
Income Tax Expense	$549M
Net Income from Continuing Ops	$3.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.5B
Net Income Deductions	$4M
BOTTOM LINE NET INCOME	$3.4B
D&A	$364M
EBIT	$2.4B
EBITDA	$2.8B
EPS	$2
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$30.4B
Cost of Revenue	$20.3B
GROSS PROFIT	$10.1B
R&D Expenses	$2.0B
Selling & Marketing	$3.6B
General & Administrative	$1.9B
SG&A Expenses	$5.5B
Other Expenses	$364M
Operating Expenses	$7.9B
Cost & Expenses	$28.2B
OPERATING INCOME	$2.2B
Interest Income	$1.3B
Interest Expense	$0
Other Income/Expenses	$1.5B
INCOME BEFORE TAX	$3.8B
Income Tax Expense	$549M
Net Income from Continuing Ops	$3.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.5B
Net Income Deductions	$4M
BOTTOM LINE NET INCOME	$3.4B
D&A	$364M
EBIT	$2.4B
EBITDA	$2.8B
EPS	$2
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$3.4B
Depreciation & Amortization	$1.4B
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$788M
Change in Working Capital	$0
OPERATING CASH FLOW	$5.6B
Capital Expenditure	-$4.1B
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$744M
NET CASH FROM INVESTING	-$4.8B
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$1.5B
NET CASH FROM FINANCING	-$1.5B
FREE CASH FLOW	$1.5B
Net Change in Cash	-$782M

Balance Sheet

Item	Amount
Cash & Equivalents	$33.0B
Short-Term Investments	$48.4B
Net Receivables	$9.4B
Inventory	$4.2B
Other Current Assets	$3.8B
TOTAL CURRENT ASSETS	$101.3B
PP&E (Net)	$37.6B
Goodwill	$39.2B
Intangible Assets	$6.9B
Long-Term Investments	$66.2B
Tax Assets	$2.3B
Other Non-Current Assets	$2.7B
TOTAL NON-CURRENT ASSETS	$154.9B
TOTAL ASSETS	$256.2B
Account Payables	$2.6B
Short-Term Debt	$2.6B
Deferred Revenue	$10.4B
Other Current Liabilities	$34.7B
TOTAL CURRENT LIABILITIES	$56.3B
Long-Term Debt	$21.8B
Deferred Revenue NC	$520M
Deferred Tax Liabilities	$9.0B
Other Non-Current Liabilities	$268M
TOTAL NON-CURRENT LIABILITIES	$35.8B
TOTAL LIABILITIES	$92.1B
Common Stock	$146.1K
Additional Paid-In Capital	$60.9B
Retained Earnings	$87.6B
Treasury Stock	-$4.2B
Accum. Other Comp. Income	$374M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$144.7B
Minority Interest	$19.5B
TOTAL EQUITY	$164.1B
TOTAL LIABILITIES & EQUITY	$256.2B
Total Debt	$28.6B
Net Debt	-$4.5B