NIO Inc. 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	-14,943	-22,402	-20,720	-14,437	-4,017
Depreciation & Amortization	9,375	7,701	4,907	3,994	2,352
Stock-Based Compensation	1,791	1,929	2,369	2,296	1,010
Other Adjustments	956.94	1,311	-1,024	30.17	-46.26
Change in Receivables	298.2	2,986	453.38	-2,303	-1,718
Changes in Inventories	-3,115	-1,786	2,895	-6,258	-990.55
Changes in Accounts Payable	18,251	4,717	4,871	11,651	6,260
Changes in Accrued Expenses	-312.67	1,256	1,828	4,119	2,485
Changes in Income Taxes Payable	36.92	53.32	61.01	-341.59	446.98
Changes in Other Operating Activities	-9,346	-3,614	2,977	-2,617	-3,817
Operating Cash Flow	2,993	-7,849	-1,382	-3,866	1,966
Operating Cash Flow Growth	-	-	-	-	0.80%
Capital Expenditures	-6,065	-9,142	-14,341	-6,973	-4,079
Sale of Property, Plant & Equipment	113.47	231.52	73.06	3.62	1.13
Purchases of Investments	-30,002	-46,545	-44,399	-89,861	-136,859
Proceeds from Sale of Investments	24,494	50,497	47,781	107,215	101,122
Other Investing Activities	-	-	-	-	50
Investing Cash Flow	-11,460	-4,958	-10,885	10,385	-39,765
Long-Term Debt Issued	5,628	9,219	16,135	6,919	15,673
Long-Term Debt Repaid	-11,002	-10,815	-9,484	-8,550	-2,432
Net Long-Term Debt Issued (Repaid)	-5,374	-1,596	6,652	-1,632	13,241
Issuance of Common Stock	11,954	111.35	21,049	78.73	12,822
Net Common Stock Issued (Repurchased)	11,954	111.35	21,049	78.73	12,822
Other Financing Activities	264.39	3,257	-37.76	-63.37	-7,934
Financing Cash Flow	6,844	1,772	27,663	-1,616	18,129
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-16.26	161.04	70.25	-121.9	-500.96
Net Cash Flow	-1,639	-10,874	15,466	4,781	-20,171
Free Cash Flow	-3,073	-16,992	-15,722	-10,839	-2,112
FCF Margin	-3.51%	-25.85%	-28.27%	-22.00%	-5.85%
Free Cash Flow Per Share	-1.35	-8.27	-9.25	-6.62	-1.34
Levered Free Cash Flow	-12,120	-25,069	-11,297	-12,616	5,327
Unlevered Free Cash Flow	-5,333	-22,667	-19,745	-12,125	-1,886

SEC Filings: 10-K · 10-Q