JD Health International Cash Flow Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	5,375	4,162	2,142	380.11	-1,074
Depreciation & Amortization	279.99	214.7	227.46	140.68	63.17
Loss (Gain) From Sale of Investments	-353.8	-1,345	-93.51	106.17	-94.21
Loss (Gain) on Equity Investments	64.05	85.53	70.76	96.76	94.17
Stock-Based Compensation	590.72	1,130	1,848	2,104	2,580
Provision & Write-off of Bad Debts	142.79	315.85	69.86	98.2	38.35
Other Operating Activities	473.4	-754.53	126.21	129.82	-204.17
Change in Accounts Receivable	-27.72	-212.71	537.14	-685.08	-331.4
Change in Inventory	-1,025	-523.37	791.61	-3,151	-1,286
Change in Accounts Payable	2,792	759.93	-865.58	5,041	2,585
Change in Unearned Revenue	14.39	132.31	-969.35	979.54	215.95
Change in Other Net Operating Assets	1,847	368.56	720.57	665.08	843.36
Operating Cash Flow	10,174	4,332	4,605	5,905	3,431
Operating Cash Flow Growth	134.84%	-5.92%	-22.02%	72.13%	-7.26%
Capital Expenditures	-151.01	-46.36	-61.18	-40.16	-502.21
Sale (Purchase) of Intangibles	-	-	-	-2,233	-7.88
Investment in Securities	-464.56	3,210	-7,971	-1,957	-17,247
Other Investing Activities	24.92	-17.28	9.48	-5.41	5.18
Investing Cash Flow	-590.65	3,146	-8,023	-4,236	-17,752
Long-Term Debt Repaid	-68.05	-37.41	-33.83	-47.56	-32.33
Total Debt Repaid	-68.05	-37.41	-33.83	-47.56	-32.33
Net Debt Issued (Repaid)	-68.05	-37.41	-33.83	-47.56	-32.33
Repurchase of Common Stock	-	-	-69.1	-869.04	-56.3
Other Financing Activities	-11.1	-8.19	-14.27	-8.85	-75.02
Financing Cash Flow	-79.15	-45.61	-117.2	-925.45	-163.65
Foreign Exchange Rate Adjustments	-348.35	158.64	-145.38	721.27	-533.41
Net Cash Flow	9,156	7,592	-3,681	1,465	-15,018
Free Cash Flow	10,023	4,286	4,544	5,865	2,929
Free Cash Flow Growth	133.85%	-5.67%	-22.53%	100.27%	-20.50%
Free Cash Flow Margin	13.65%	7.37%	8.49%	12.55%	9.54%
Free Cash Flow Per Share	3.14	1.36	1.44	1.86	0.95
Cash Interest Paid	11.1	8.19	9.49	8.85	4.91
Cash Income Tax Paid	349.75	634.59	496.91	153.01	249.98
Levered Free Cash Flow	7,236	2,345	2,753	3,164	3,222
Unlevered Free Cash Flow	7,243	2,350	2,759	3,170	3,225
Change in Working Capital	3,601	524.74	214.38	2,849	2,027

Source: S&P Global Market Intelligence. Standard template. Financial Sources.