Youdao Cash Flow Statement

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

Millions CNY. Fiscal year is Jan - Dec.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	2018 - 2017
Net Income	-333.15	-549.94	-727.03	-995.66	-1,752.79	-637.4	Upgrade
Depreciation & Amortization	-	29.64	42.21	30.1	15.46	10.53	Upgrade
Share-Based Compensation	-	30.8	70.71	72.2	36.43	23.34	Upgrade
Other Operating Activities	333.15	51.35	10.99	-453.05	1,379	195.37	Upgrade
Operating Cash Flow	-	-438.15	-603.12	-1,346.41	-321.56	-372.27	Upgrade
Capital Expenditures	-	-16.5	-67.24	-61.36	-29.85	-16.03	Upgrade
Acquisitions	-	-4.22	0	41.7	-6.4	0	Upgrade
Change in Investments	-	146.29	194.16	62.96	803.3	-1,067.88	Upgrade
Other Investing Activities	-	-	-1.1	3.78	-6.08	-0.1	Upgrade
Investing Cash Flow	-	125.57	125.82	47.07	760.97	-1,084.01	Upgrade
Share Issuance / Repurchase	-	-118.23	-41.29	1,526	34.47	1,512	Upgrade
Debt Issued / Paid	-	99.29	225.94	257.52	0	0	Upgrade
Other Financing Activities	-	-	-	-	-7.91	75.64	Upgrade
Financing Cash Flow	-	-18.94	184.65	1,784	26.56	1,588	Upgrade
Exchange Rate Effect	-	1.96	4.59	-21.03	-30.1	0.2	Upgrade
Net Cash Flow	-	-329.55	-288.06	463.35	435.87	131.59	Upgrade
Free Cash Flow	-	-454.64	-670.36	-1,407.77	-351.41	-388.3	Upgrade
Free Cash Flow Margin	-	-8.44%	-13.37%	-35.06%	-13.91%	-32.16%	Upgrade
Free Cash Flow Per Share	-	-3.75	-5.42	-11.57	-3.11	-4.07	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from audited reports submitted to the Securities and Exchange Commission (SEC).