ALIBABA GROUP HOLDING LTD filed this 20-F on 06/15/2017
ALIBABA GROUP HOLDING LTD - 20-F - 20170615 - CASH_FLOW


ALIBABA GROUP HOLDING LIMITED
CONSOLIDATED STATEMENTS OF CASH FLOWS

 
  Year ended March 31,  
 
  2015   2016   2017  
 
  RMB   RMB   RMB   US$  
 
   
   
   
  (Note 2(a))
 
 
  (in millions)
 

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

    (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

    2,173     3,278     9,008     1,309  

Tax benefits from share-based awards

        (1,120 )   (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

    (13 )   (11 )   34     5  

Amortization of restructuring reserve (Note 4(b))

    166     264     264     38  

Share of results of equity investees

    1,590     1,730     5,027     730  

Deferred income taxes

    1,659     1,226     281     41  

Allowance for doubtful accounts

    861     483     1,680     244  

Changes in assets and liabilities, net of effects of acquisitions and disposals:

                         

Escrow receivables

    (851 )       (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  

Net cash provided by operating activities

    41,217     56,836     80,326     11,670  

Cash flows from investing activities:

   
 
   
 
   
 
   
 
 

(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 )