NIO Inc. (NIO)

NIO Inc. Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	-23,916	-22,402	-20,720	-14,437	-4,017	-5,304
Depreciation & Amortization	6,721	5,875	3,378	2,852	1,708	1,046
Stock-Based Compensation	2,033	1,929	2,369	2,296	1,010	187.09
Other Adjustments	2,974	3,137	505.75	1,172	597.63	1,192
Change in Receivables	609.38	2,986	453.38	-2,303	-1,718	237.93
Changes in Inventories	-4,039	-1,786	2,895	-6,258	-990.55	-197.83
Changes in Accounts Payable	10,222	4,717	4,871	11,651	6,260	3,257
Changes in Accrued Expenses	1,820	1,256	1,828	4,119	2,485	836.51
Changes in Income Taxes Payable	-189.62	53.32	61.01	-341.59	446.98	130.54
Changes in Other Operating Activities	-5,664	-3,614	2,977	-2,617	-3,817	566.17
Operating Cash Flow	-8,748	-7,849	-1,382	-3,866	1,966	1,951
Operating Cash Flow Growth	-	-	-	-	0.79%	-
Capital Expenditures	-7,751	-9,142	-14,341	-6,973	-4,079	-1,128
Sale of Property, Plant & Equipment	139.24	231.52	73.06	3.62	1.13	163.07
Purchases of Investments	-31,529	-46,152	-43,977	-89,582	-136,266	-7,594
Proceeds from Sale of Investments	12,679	50,497	47,770	106,928	101,122	3,738
Other Investing Activities	2.11	-392.44	-410.98	7.72	-542.57	-250.83
Investing Cash Flow	-5,269	-4,958	-10,885	10,385	-39,765	-5,071
Long-Term Debt Issued	4,125	9,219	16,135	6,919	15,673	4,971
Long-Term Debt Repaid	-8,720	-10,815	-9,484	-8,550	-2,432	-1,251
Net Long-Term Debt Issued (Repaid)	-4,595	-1,596	6,652	-1,632	13,241	3,720
Issuance of Common Stock	3,763	111.35	21,049	78.73	12,822	34,762
Net Common Stock Issued (Repurchased)	3,763	111.35	21,049	78.73	12,822	34,762
Other Financing Activities	2,754	3,257	-37.76	-63.37	-7,934	2,875
Financing Cash Flow	2,101	1,772	27,663	-1,616	18,129	41,357
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-76.73	161.04	70.25	-121.9	-500.96	-682.04
Net Cash Flow	-11,992	-10,874	15,466	4,781	-20,171	37,555
Free Cash Flow	-16,499	-16,991	-15,722	-10,839	-2,112	823.21
FCF Margin	-88.36%	-25.85%	-28.27%	-22.00%	-5.85%	5.06%
Free Cash Flow Per Share	-8.19	-8.27	-9.25	-6.62	-1.34	0.70
Levered Free Cash Flow	-27,782	-26,894	-12,826	-13,757	4,683	2,620
Unlevered Free Cash Flow	-21,494	-24,492	-21,275	-13,267	-2,530	-102.43

Updated Nov 25, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

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