JD Q4 2020 Earnings Report — JD.com, Inc. Revenue & Financial Results | Market Cap Arena

Q4 2020 Earnings

Reported March 11, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2020	Q3 2020	Q4 2019	QoQ Change	YoY Change
Revenue	$32.8B	$25.4B	—	28.8%	—
Op. Income	$87M	$640M	—	-86.4%	—
Gross Margin	13.9%	15.4%	—	-1.5pp	—
Net Margin	10.8%	4.3%	—	6.5pp	—
EPS (Diluted)	$2.22	$0.69	—	220.3%	—
Free Cash Flow	$163M	$1.5B	—	-89.1%	—

Revenue Flow

Item	Amount
REVENUE	$32.8B
Cost of Revenue	$28.2B
GROSS PROFIT	$4.5B
R&D Expenses	$658M
Selling & Marketing	$1.5B
General & Administrative	$289M
SG&A Expenses	$1.8B
Other Expenses	$2.0B
Operating Expenses	$4.5B
Cost & Expenses	$32.7B
OPERATING INCOME	$87M
Interest Income	$140M
Interest Expense	$43M
Other Income/Expenses	$3.4B
INCOME BEFORE TAX	$3.5B
Income Tax Expense	-$48M
Net Income from Continuing Ops	$3.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.6B
Net Income Deductions	$23M
BOTTOM LINE NET INCOME	$3.5B
D&A	$0
EBIT	$3.5B
EBITDA	$3.5B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$32.8B
Cost of Revenue	$28.2B
GROSS PROFIT	$4.5B
R&D Expenses	$658M
Selling & Marketing	$1.5B
General & Administrative	$289M
SG&A Expenses	$1.8B
Other Expenses	$2.0B
Operating Expenses	$4.5B
Cost & Expenses	$32.7B
OPERATING INCOME	$87M
Interest Income	$140M
Interest Expense	$43M
Other Income/Expenses	$3.4B
INCOME BEFORE TAX	$3.5B
Income Tax Expense	-$48M
Net Income from Continuing Ops	$3.5B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.6B
Net Income Deductions	$23M
BOTTOM LINE NET INCOME	$3.5B
D&A	$0
EBIT	$3.5B
EBITDA	$3.5B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$3.6B
Depreciation & Amortization	$248M
Stock-Based Compensation	$218M
Deferred Income Tax	$0
Other Non-Cash Items	-$3.7B
Change in Working Capital	$426M
OPERATING CASH FLOW	$761M
Capital Expenditure	-$598M
Acquisitions (Net)	$98M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$1.5B
NET CASH FROM INVESTING	-$2.0B
Net Debt Issuance	$0
Common Stock Repurchased	-$46M
Common Dividends Paid	$0
Other Financing Activities	$3.5B
NET CASH FROM FINANCING	$3.4B
FREE CASH FLOW	$163M
Net Change in Cash	$1.7B

Balance Sheet

Item	Amount
Cash & Equivalents	$12.6B
Short-Term Investments	$8.8B
Net Receivables	$2.0B
Inventory	$8.6B
Other Current Assets	$1.7B
TOTAL CURRENT ASSETS	$34.3B
PP&E (Net)	$6.7B
Goodwill	$1.6B
Intangible Assets	$2.6B
Long-Term Investments	$14.3B
Tax Assets	$78M
Other Non-Current Assets	$2.2B
TOTAL NON-CURRENT ASSETS	$27.4B
TOTAL ASSETS	$61.7B
Account Payables	$15.6B
Short-Term Debt	$476M
Deferred Revenue	$3.6B
Other Current Liabilities	$2.8B
TOTAL CURRENT LIABILITIES	$25.4B
Long-Term Debt	$1.8B
Deferred Revenue NC	$236M
Deferred Tax Liabilities	$281M
Other Non-Current Liabilities	$48M
TOTAL NON-CURRENT LIABILITIES	$3.9B
TOTAL LIABILITIES	$29.3B
Common Stock	$0
Additional Paid-In Capital	$22.4B
Retained Earnings	$5.5B
Treasury Stock	-$178M
Accum. Other Comp. Income	-$294M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$27.4B
Minority Interest	$5.0B
TOTAL EQUITY	$32.4B
TOTAL LIABILITIES & EQUITY	$61.7B
Total Debt	$4.6B
Net Debt	-$8.0B