JD Q2 2023 Earnings Report — JD.com, Inc. Revenue & Financial Results | Market Cap Arena

Q2 2023 Earnings

Reported August 16, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2023	Q1 2023	Q2 2022	QoQ Change	YoY Change
Revenue	$42.1B	$35.5B	$39.1B	18.5%	7.6%
Op. Income	$1.2B	$939M	$549M	28.7%	120.1%
Gross Margin	8.6%	8.5%	13.4%	0.1pp	-4.8pp
Net Margin	2.3%	2.6%	1.6%	-0.3pp	0.6pp
EPS (Diluted)	$0.61	$0.58	$0.40	5.6%	50.7%
Free Cash Flow	$6.3B	-$3.6B	$4.1B	272.9%	52.1%

Revenue Flow

Item	Amount
REVENUE	$42.1B
Cost of Revenue	$38.5B
GROSS PROFIT	$3.6B
R&D Expenses	$595M
Selling & Marketing	$1.6B
General & Administrative	$345M
SG&A Expenses	$2.0B
Other Expenses	-$147M
Operating Expenses	$2.4B
Cost & Expenses	$40.9B
OPERATING INCOME	$1.2B
Interest Income	$0
Interest Expense	$96M
Other Income/Expenses	$214M
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$411M
Net Income from Continuing Ops	$1.0B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$962M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$962M
D&A	$252M
EBIT	$1.1B
EBITDA	$1.3B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$42.1B
Cost of Revenue	$38.5B
GROSS PROFIT	$3.6B
R&D Expenses	$595M
Selling & Marketing	$1.6B
General & Administrative	$345M
SG&A Expenses	$2.0B
Other Expenses	-$147M
Operating Expenses	$2.4B
Cost & Expenses	$40.9B
OPERATING INCOME	$1.2B
Interest Income	$0
Interest Expense	$96M
Other Income/Expenses	$214M
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$411M
Net Income from Continuing Ops	$1.0B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$962M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$962M
D&A	$252M
EBIT	$1.1B
EBITDA	$1.3B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$962M
Depreciation & Amortization	$252M
Stock-Based Compensation	$143M
Deferred Income Tax	$0
Other Non-Cash Items	$5.4B
Change in Working Capital	$0
OPERATING CASH FLOW	$6.8B
Capital Expenditure	-$527M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$3.6B
NET CASH FROM INVESTING	-$4.1B
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$268M
NET CASH FROM FINANCING	-$268M
FREE CASH FLOW	$6.3B
Net Change in Cash	$2.7B

Balance Sheet

Item	Amount
Cash & Equivalents	$2.0B
Short-Term Investments	$2.9B
Net Receivables	$490M
Inventory	$1.3B
Other Current Assets	$310M
TOTAL CURRENT ASSETS	$7.0B
PP&E (Net)	$1.9B
Goodwill	$465M
Intangible Assets	$170M
Long-Term Investments	$1.3B
Tax Assets	$30M
Other Non-Current Assets	$1.3B
TOTAL NON-CURRENT ASSETS	$5.1B
TOTAL ASSETS	$12.1B
Account Payables	$3.1B
Short-Term Debt	$521M
Deferred Revenue	$686M
Other Current Liabilities	$807M
TOTAL CURRENT LIABILITIES	$5.2B
Long-Term Debt	$645M
Deferred Revenue NC	$22M
Deferred Tax Liabilities	$145M
Other Non-Current Liabilities	$32M
TOTAL NON-CURRENT LIABILITIES	$1.1B
TOTAL LIABILITIES	$6.4B
Common Stock	$0
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$4.5B
TOTAL STOCKHOLDERS' EQUITY	$4.5B
Minority Interest	$1.3B
TOTAL EQUITY	$5.8B
TOTAL LIABILITIES & EQUITY	$12.1B
Total Debt	$1.5B
Net Debt	-$527M