JD Q1 2018 Earnings Report — JD.com, Inc. Revenue & Financial Results | Market Cap Arena

Q1 2018 Earnings

Reported March 30, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2018	Q4 2017	Q1 2017	QoQ Change	YoY Change
Revenue	$14.6B	$16.1B	—	-9.1%	—
Op. Income	$647.1K	-$233M	—	100.3%	—
Gross Margin	14.1%	13.0%	—	1.1pp	—
Net Margin	1.5%	-0.8%	—	2.3pp	—
EPS (Diluted)	$0.15	$-0.09	—	262.5%	—
Free Cash Flow	-$1.1B	$247M	—	-545.2%	—

Revenue Flow

Item	Amount
REVENUE	$14.6B
Cost of Revenue	$12.6B
GROSS PROFIT	$2.1B
R&D Expenses	$352M
Selling & Marketing	$510M
General & Administrative	$1.2B
SG&A Expenses	$1.7B
Other Expenses	$0
Operating Expenses	$2.1B
Cost & Expenses	$14.6B
OPERATING INCOME	$647.1K
Interest Income	$80M
Interest Expense	$33M
Other Income/Expenses	$237M
INCOME BEFORE TAX	$238M
Income Tax Expense	$22M
Net Income from Continuing Ops	$216M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$223M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$223M
D&A	$271M
EBIT	$271M
EBITDA	$271M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$14.6B
Cost of Revenue	$12.6B
GROSS PROFIT	$2.1B
R&D Expenses	$352M
Selling & Marketing	$510M
General & Administrative	$1.2B
SG&A Expenses	$1.7B
Other Expenses	$0
Operating Expenses	$2.1B
Cost & Expenses	$14.6B
OPERATING INCOME	$647.1K
Interest Income	$80M
Interest Expense	$33M
Other Income/Expenses	$237M
INCOME BEFORE TAX	$238M
Income Tax Expense	$22M
Net Income from Continuing Ops	$216M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$223M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$223M
D&A	$271M
EBIT	$271M
EBITDA	$271M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$223M
Depreciation & Amortization	$65M
Stock-Based Compensation	$93M
Deferred Income Tax	$0
Other Non-Cash Items	-$774M
Change in Working Capital	$0
OPERATING CASH FLOW	-$551M
Capital Expenditure	-$550M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$413M
NET CASH FROM INVESTING	-$137M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$1.9B
NET CASH FROM FINANCING	$1.9B
FREE CASH FLOW	-$1.1B
Net Change in Cash	$1.2B

Balance Sheet

Item	Amount
Cash & Equivalents	$5.1B
Short-Term Investments	$1.7B
Net Receivables	$2.9B
Inventory	$5.3B
Other Current Assets	$1.4B
TOTAL CURRENT ASSETS	$16.5B
PP&E (Net)	$2.5B
Goodwill	$971M
Intangible Assets	$1.9B
Long-Term Investments	$4.5B
Tax Assets	$20M
Other Non-Current Assets	$610M
TOTAL NON-CURRENT ASSETS	$10.6B
TOTAL ASSETS	$27.1B
Account Payables	$9.1B
Short-Term Debt	$2.0B
Deferred Revenue	$1.9B
Other Current Liabilities	$1.9B
TOTAL CURRENT LIABILITIES	$15.6B
Long-Term Debt	$1.1B
Deferred Revenue NC	$160M
Deferred Tax Liabilities	$128M
Other Non-Current Liabilities	$332M
TOTAL NON-CURRENT LIABILITIES	$1.4B
TOTAL LIABILITIES	$17.0B
Common Stock	$7.9B
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$7.9B
Minority Interest	$2.2B
TOTAL EQUITY	$10.1B
TOTAL LIABILITIES & EQUITY	$27.1B
Total Debt	$3.0B
Net Debt	-$2.1B