VIPS FY 2022 Earnings Report — Vipshop Holdings Limited Revenue & Financial Results | Market Cap Arena

Vipshop Holdings LimitedVIPS

FY 2022 Earnings

Reported April 19, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$15.1B	—	$17.1B	—	-11.9%
Op. Income	$906M	—	$816M	—	11.0%
Gross Margin	21.0%	—	19.7%	—	1.2pp
Net Margin	6.1%	—	4.0%	—	2.1pp
EPS (Diluted)	$1.44	—	$0.99	—	45.6%
Free Cash Flow	$1.1B	—	$463M	—	134.3%

Revenue Flow

Item	Amount
REVENUE	$15.1B
Cost of Revenue	$11.9B
GROSS PROFIT	$3.2B
R&D Expenses	$235M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.1B
Other Expenses	-$71M
Operating Expenses	$2.3B
Cost & Expenses	$14.2B
OPERATING INCOME	$906M
Interest Income	$112M
Interest Expense	$4M
Other Income/Expenses	$274M
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$257M
Net Income from Continuing Ops	$922M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$920M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$920M
D&A	$180M
EBIT	$916M
EBITDA	$1.1B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$15.1B
Cost of Revenue	$11.9B
GROSS PROFIT	$3.2B
R&D Expenses	$235M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.1B
Other Expenses	-$71M
Operating Expenses	$2.3B
Cost & Expenses	$14.2B
OPERATING INCOME	$906M
Interest Income	$112M
Interest Expense	$4M
Other Income/Expenses	$274M
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$257M
Net Income from Continuing Ops	$922M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$920M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$920M
D&A	$180M
EBIT	$916M
EBITDA	$1.1B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$922M
Depreciation & Amortization	$207M
Stock-Based Compensation	$176M
Deferred Income Tax	$7M
Other Non-Cash Items	$64M
Change in Working Capital	$161M
OPERATING CASH FLOW	$1.5B
Capital Expenditure	-$453M
Acquisitions (Net)	-$98M
Purchases of Investments	-$1.6B
Sales/Maturities of Investments	$2.2B
Other Investing Activities	$129M
NET CASH FROM INVESTING	$153M
Net Debt Issuance	$79M
Common Stock Repurchased	-$914M
Common Dividends Paid	$0
Other Financing Activities	$21M
NET CASH FROM FINANCING	-$814M
FREE CASH FLOW	$1.1B
Net Change in Cash	$867M

Balance Sheet

Item	Amount
Cash & Equivalents	$3.2B
Short-Term Investments	$233M
Net Receivables	$391M
Inventory	$806M
Other Current Assets	$170M
TOTAL CURRENT ASSETS	$4.9B
PP&E (Net)	$2.5B
Goodwill	$110M
Intangible Assets	$1.2B
Long-Term Investments	$705M
Tax Assets	$100M
Other Non-Current Assets	$13M
TOTAL NON-CURRENT ASSETS	$4.6B
TOTAL ASSETS	$9.6B
Account Payables	$2.2B
Short-Term Debt	$412M
Deferred Revenue	$312M
Other Current Liabilities	$271M
TOTAL CURRENT LIABILITIES	$4.2B
Long-Term Debt	$0
Deferred Revenue NC	$215M
Deferred Tax Liabilities	$84M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$420M
TOTAL LIABILITIES	$4.6B
Common Stock	$13.3K
Additional Paid-In Capital	$1.9B
Retained Earnings	$4.2B
Treasury Stock	-$1.2B
Accum. Other Comp. Income	-$103M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.8B
Minority Interest	$193M
TOTAL EQUITY	$5.0B
TOTAL LIABILITIES & EQUITY	$9.6B
Total Debt	$554M
Net Debt	-$2.7B