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Year ended March 31,
|
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2015
|
|
2016
|
|
2017
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|
|
|
RMB
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|
RMB
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|
RMB
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|
US$
|
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|
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(Note 2(a))
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(in millions)
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Cash flows from operating activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income
|
|
|
24,320
|
|
|
71,289
|
|
|
41,226
|
|
|
5,989
|
|
Adjustments to reconcile net income to net cash provided by operating activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revaluation of previously held equity interest
|
|
|
(6,535
|
)
|
|
(18,603
|
)
|
|
(770
|
)
|
|
(112
|
)
|
Gain on disposals of equity investees
|
|
|
(128
|
)
|
|
(3,089
|
)
|
|
(536
|
)
|
|
(78
|
)
|
Realized and unrealized gain related to investment securities
|
|
|
(178
|
)
|
|
(906
|
)
|
|
(5,488
|
)
|
|
(797
|
)
|
Change in fair value of other assets and liabilities
|
|
|
102
|
|
|
84
|
|
|
(759
|
)
|
|
(110
|
)
|
(Gain) Loss on disposals of subsidiaries
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|
|
(307
|
)
|
|
(26,913
|
)
|
|
35
|
|
|
5
|
|
Depreciation and amortization of property and equipment and land use rights
|
|
|
2,326
|
|
|
3,770
|
|
|
5,284
|
|
|
768
|
|
Amortization of intangible assets and licensed copyrights of video content
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|
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2,173
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|
|
3,278
|
|
|
9,008
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|
|
1,309
|
|
Tax benefits from share-based awards
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|
|
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|
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(1,120
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)
|
|
(1,369
|
)
|
|
(199
|
)
|
Share-based compensation expense
|
|
|
13,028
|
|
|
16,082
|
|
|
15,995
|
|
|
2,324
|
|
Impairment of cost method equity investees and investment securities
|
|
|
419
|
|
|
1,864
|
|
|
2,298
|
|
|
334
|
|
Impairment of goodwill and licensed copyrights of video content
|
|
|
175
|
|
|
455
|
|
|
857
|
|
|
124
|
|
(Gain) Loss on disposals of property and equipment
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|
|
(13
|
)
|
|
(11
|
)
|
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34
|
|
|
5
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|
Amortization of restructuring reserve (Note 4(b))
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|
166
|
|
|
264
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|
|
264
|
|
|
38
|
|
Share of results of equity investees
|
|
|
1,590
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|
1,730
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5,027
|
|
|
730
|
|
Deferred income taxes
|
|
|
1,659
|
|
|
1,226
|
|
|
281
|
|
|
41
|
|
Allowance for doubtful accounts
|
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|
861
|
|
|
483
|
|
|
1,680
|
|
|
244
|
|
Changes in assets and liabilities, net of effects of acquisitions and disposals:
|
|
|
|
|
|
|
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|
|
|
|
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Escrow receivables
|
|
|
(851
|
)
|
|
|
|
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(2,528
|
)
|
|
(367
|
)
|
Prepayments, receivables and other assets
|
|
|
(14,138
|
)
|
|
(4,504
|
)
|
|
(8,237
|
)
|
|
(1,197
|
)
|
Income tax payable
|
|
|
1,410
|
|
|
1,237
|
|
|
4,698
|
|
|
683
|
|
Escrow money payable
|
|
|
837
|
|
|
|
|
|
2,528
|
|
|
367
|
|
Accrued expenses, accounts payable and other liabilities
|
|
|
10,494
|
|
|
7,757
|
|
|
5,312
|
|
|
772
|
|
Merchant deposits
|
|
|
2,490
|
|
|
113
|
|
|
875
|
|
|
127
|
|
Deferred revenue and customer advances
|
|
|
1,317
|
|
|
2,350
|
|
|
4,611
|
|
|
670
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Net cash provided by operating activities
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|
|
41,217
|
|
|
56,836
|
|
|
80,326
|
|
|
11,670
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Cash flows from investing activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
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(Increase) Decrease in short-term investments, net
|
|
|
(1,113
|
)
|
|
4,619
|
|
|
5,761
|
|
|
836
|
|
Decrease in restricted cash
|
|
|
1,139
|
|
|
746
|
|
|
452
|
|
|
66
|
|
(Increase) Decrease in trading securities, net
|
|
|
(16
|
)
|
|
9
|
|
|
1,229
|
|
|
179
|
|
Payments for settlement of forward contracts
|
|
|
|
|
|
|
|
|
(256
|
)
|
|
(37
|
)
|
Acquisitions of available-for-sale and held-to-maturity securities
|
|
|
(11,801
|
)
|
|
(15,363
|
)
|
|
(4,669
|
)
|
|
(679
|
)
|
Disposals of available-for-sale and held-to-maturity securities
|
|
|
939
|
|
|
2,177
|
|
|
4,354
|
|
|
633
|
|
Acquisitions of equity investees
|
|
|
(23,430
|
)
|
|
(37,625
|
)
|
|
(39,429
|
)
|
|
(5,728
|
)
|
Disposals of equity investees
|
|
|
99
|
|
|
10,021
|
|
|
4,941
|
|
|
718
|
|
Acquisitions of:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Land use rights and construction in progress
|
|
|
(2,935
|
)
|
|
(5,407
|
)
|
|
(5,326
|
)
|
|
(774
|
)
|
Other property and equipment, intangible assets and licensed copyrights of video content
|
|
|
(4,770
|
)
|
|
(5,438
|
)
|
|
(12,220
|
)
|
|
(1,775
|
)
|
Cash paid for business combinations, net of cash acquired
|
|
|
(10,255
|
)
|
|
(1,495
|
)
|
|
(33,454
|
)
|
|
(4,860
|
)
|
Deconsolidation and disposal of subsidiaries, net of cash proceeds (Notes 4(b) and (j))
|
|
|
(1,271
|
)
|
|
4,890
|
|
|
250
|
|
|
36
|
|
Loans to employees, net of repayments
|
|
|
(40
|
)
|
|
35
|
|
|
3
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net cash used in investing activities
|
|
|
(53,454
|
)
|
|
(42,831
|
)
|
|
(78,364
|
)
|
|
(11,385
|
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|