JD Q3 2020 Earnings Report — JD.com, Inc. Revenue & Financial Results | Market Cap Arena

Q3 2020 Earnings

Reported November 16, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2020	Q2 2020	Q3 2019	QoQ Change	YoY Change
Revenue	$25.4B	$29.4B	$19.7B	-13.3%	29.2%
Op. Income	$640M	$737M	$726M	-13.1%	-11.9%
Gross Margin	15.4%	14.2%	14.9%	1.1pp	0.5pp
Net Margin	4.3%	8.2%	0.5%	-3.8pp	3.9pp
EPS (Diluted)	$0.69	$1.58	$0.06	-56.2%	1028.6%
Free Cash Flow	$1.5B	$3.5B	$88M	-56.6%	1607.5%

Revenue Flow

Item	Amount
REVENUE	$25.4B
Cost of Revenue	$21.5B
GROSS PROFIT	$3.9B
R&D Expenses	$600M
Selling & Marketing	$797M
General & Administrative	$233M
SG&A Expenses	$1.0B
Other Expenses	$1.6B
Operating Expenses	$3.3B
Cost & Expenses	$24.8B
OPERATING INCOME	$640M
Interest Income	$0
Interest Expense	$43M
Other Income/Expenses	$568M
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$101M
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	$0
EBIT	$1.3B
EBITDA	$1.3B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$25.4B
Cost of Revenue	$21.5B
GROSS PROFIT	$3.9B
R&D Expenses	$600M
Selling & Marketing	$797M
General & Administrative	$233M
SG&A Expenses	$1.0B
Other Expenses	$1.6B
Operating Expenses	$3.3B
Cost & Expenses	$24.8B
OPERATING INCOME	$640M
Interest Income	$0
Interest Expense	$43M
Other Income/Expenses	$568M
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$101M
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	$0
EBIT	$1.3B
EBITDA	$1.3B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.1B
Depreciation & Amortization	$222M
Stock-Based Compensation	$154M
Deferred Income Tax	$0
Other Non-Cash Items	$310M
Change in Working Capital	$0
OPERATING CASH FLOW	$1.8B
Capital Expenditure	-$285M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$1.5B
NET CASH FROM INVESTING	-$1.8B
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$601M
NET CASH FROM FINANCING	$601M
FREE CASH FLOW	$1.5B
Net Change in Cash	$174M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.7B
Short-Term Investments	$1.0B
Net Receivables	$303M
Inventory	$1.3B
Other Current Assets	$135M
TOTAL CURRENT ASSETS	$4.5B
PP&E (Net)	$914M
Goodwill	$234M
Intangible Assets	$145M
Long-Term Investments	$1.7B
Tax Assets	$3M
Other Non-Current Assets	$564M
TOTAL NON-CURRENT ASSETS	$3.6B
TOTAL ASSETS	$8.0B
Account Payables	$2.3B
Short-Term Debt	$242M
Deferred Revenue	$539M
Other Current Liabilities	$605M
TOTAL CURRENT LIABILITIES	$3.7B
Long-Term Debt	$283M
Deferred Revenue NC	$38M
Deferred Tax Liabilities	$43M
Other Non-Current Liabilities	$3M
TOTAL NON-CURRENT LIABILITIES	$571M
TOTAL LIABILITIES	$4.3B
Common Stock	$0
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$3.2B
TOTAL STOCKHOLDERS' EQUITY	$3.2B
Minority Interest	$526M
TOTAL EQUITY	$3.8B
TOTAL LIABILITIES & EQUITY	$8.0B
Total Debt	$728M
Net Debt	-$950M