JD Q1 2019 Earnings Report — JD.com, Inc. Revenue & Financial Results | Market Cap Arena

Q1 2019 Earnings

Reported March 30, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2019	Q4 2018	Q1 2018	QoQ Change	YoY Change
Revenue	$17.7B	$19.7B	$14.6B	-10.2%	20.9%
Op. Income	$179M	-$137M	$647.1K	230.5%	27559.1%
Gross Margin	15.0%	14.2%	14.1%	0.8pp	0.9pp
Net Margin	6.0%	-3.6%	1.5%	9.6pp	4.5pp
EPS (Diluted)	$0.72	$-0.48	$0.15	249.4%	376.9%
Free Cash Flow	$343M	$262M	-$1.1B	31.1%	131.2%

Revenue Flow

Item	Amount
REVENUE	$17.7B
Cost of Revenue	$15.0B
GROSS PROFIT	$2.7B
R&D Expenses	$543M
Selling & Marketing	$575M
General & Administrative	$193M
SG&A Expenses	$768M
Other Expenses	$1.2B
Operating Expenses	$2.5B
Cost & Expenses	$17.5B
OPERATING INCOME	$179M
Interest Income	$46M
Interest Expense	$27M
Other Income/Expenses	$919M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$41M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$244M
EBIT	$1.1B
EBITDA	$1.4B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$17.7B
Cost of Revenue	$15.0B
GROSS PROFIT	$2.7B
R&D Expenses	$543M
Selling & Marketing	$575M
General & Administrative	$193M
SG&A Expenses	$768M
Other Expenses	$1.2B
Operating Expenses	$2.5B
Cost & Expenses	$17.5B
OPERATING INCOME	$179M
Interest Income	$46M
Interest Expense	$27M
Other Income/Expenses	$919M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$41M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$244M
EBIT	$1.1B
EBITDA	$1.4B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.1B
Depreciation & Amortization	$244M
Stock-Based Compensation	$90M
Deferred Income Tax	$0
Other Non-Cash Items	-$584M
Change in Working Capital	$938M
OPERATING CASH FLOW	$485M
Capital Expenditure	-$142M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$19M
NET CASH FROM INVESTING	-$161M
Net Debt Issuance	$0
Common Stock Repurchased	-$19M
Common Dividends Paid	$0
Other Financing Activities	-$373M
NET CASH FROM FINANCING	-$373M
FREE CASH FLOW	$343M
Net Change in Cash	-$111M

Balance Sheet

Item	Amount
Cash & Equivalents	$5.0B
Short-Term Investments	$617M
Net Receivables	$1.6B
Inventory	$5.6B
Other Current Assets	$1.1B
TOTAL CURRENT ASSETS	$13.9B
PP&E (Net)	$4.6B
Goodwill	$970M
Intangible Assets	$2.1B
Long-Term Investments	$7.7B
Tax Assets	$15M
Other Non-Current Assets	$1.9B
TOTAL NON-CURRENT ASSETS	$17.4B
TOTAL ASSETS	$31.3B
Account Payables	$10.4B
Short-Term Debt	$273M
Deferred Revenue	$2.3B
Other Current Liabilities	$55M
TOTAL CURRENT LIABILITIES	$16.8B
Long-Term Debt	$1.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$241M
TOTAL NON-CURRENT LIABILITIES	$2.3B
TOTAL LIABILITIES	$19.1B
Common Stock	$9.7B
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$9.7B
Minority Interest	$2.5B
TOTAL EQUITY	$12.2B
TOTAL LIABILITIES & EQUITY	$31.3B
Total Debt	$2.7B
Net Debt	-$2.3B