NetEase, Inc. (NTES)
NASDAQ: NTES · Real-Time Price · USD
112.72
-0.53 (-0.47%)
Apr 10, 2026, 4:00 PM EDT - Market closed
NetEase 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 | 34,798 | 30,256 | 29,357 | 19,218 | 16,976 |
Depreciation & Amortization | 2,247 | 2,418 | 3,055 | 2,858 | 3,276 |
Stock-Based Compensation | 3,648 | 3,883 | 3,243 | 3,174 | 3,041 |
Other Adjustments | 1,325 | -531.99 | -699.9 | -1,039 | -1,555 |
Change in Receivables | 264.07 | 716.38 | -1,470 | 554.34 | -1,187 |
Changes in Inventories | -117.63 | 123.78 | 296.76 | -27.61 | -343.59 |
Changes in Accounts Payable | -71.62 | 91.14 | -559.42 | 447.67 | -155.26 |
Changes in Accrued Expenses | 1,998 | 1,320 | 1,104 | 2,324 | 2,627 |
Changes in Income Taxes Payable | 1,113 | 187.79 | -244.26 | -917.61 | 255.06 |
Changes in Unearned Revenue | 5,435 | 2,022 | 1,162 | 385.4 | 1,351 |
Changes in Other Operating Activities | 100.71 | -809.59 | 87.56 | 731.1 | 640.35 |
Operating Cash Flow | 50,740 | 39,677 | 35,331 | 27,709 | 24,927 |
Operating Cash Flow Growth | 27.88% | 12.30% | 27.51% | 11.16% | 0.15% |
Capital Expenditures | -1,065 | -1,275 | -2,302 | -2,100 | -1,602 |
Sale of Property, Plant & Equipment | 45.89 | 14.53 | 10.3 | 41.47 | 71.52 |
Purchases of Intangible Assets | -987.09 | -930.99 | -1,974 | -543.22 | -1,508 |
Purchases of Investments | -192,883 | -164,130 | -127,525 | -110,054 | -103,125 |
Proceeds from Sale of Investments | 168,543 | 185,053 | 116,949 | 104,833 | 95,659 |
Other Investing Activities | -6,835 | -814.89 | -2,202 | 452.58 | 3,426 |
Investing Cash Flow | -33,181 | 17,916 | -17,043 | -7,370 | -7,078 |
Short-Term Debt Issued | 243.64 | -6,657 | -13,655 | -1,274 | -442.21 |
Net Short-Term Debt Issued (Repaid) | 243.64 | -6,657 | -13,655 | -1,274 | -442.21 |
Long-Term Debt Issued | 5,553 | 13,920 | 13,569 | 6,393 | 4,448 |
Long-Term Debt Repaid | -11,595 | -14,739 | -8,219 | -273.64 | -2,297 |
Net Long-Term Debt Issued (Repaid) | -6,042 | -819.27 | 5,350 | 6,119 | 2,150 |
Repurchase of Common Stock | -639.34 | -8,830 | -5,234 | -8,328 | -12,911 |
Net Common Stock Issued (Repurchased) | -639.34 | -8,830 | -5,234 | -8,328 | -12,911 |
Common Dividends Paid | -13,826 | -11,165 | -8,014 | -6,724 | -3,508 |
Other Financing Activities | 103.81 | 136.01 | 86.16 | -30.92 | 2,125 |
Financing Cash Flow | -20,160 | -27,336 | -21,467 | -10,238 | -12,586 |
Effect of Exchange Rate Changes on Cash and Cash Equivalents | -382.45 | 10.75 | -202.46 | 110.4 | -55.35 |
Net Cash Flow | -2,984 | 30,268 | -3,382 | 10,212 | 5,208 |
Free Cash Flow | 49,674 | 38,401 | 33,030 | 25,609 | 23,325 |
Free Cash Flow Growth | 29.36% | 16.26% | 28.98% | 9.79% | -2.13% |
FCF Margin | 44.11% | 36.47% | 31.92% | 26.54% | 26.62% |
Free Cash Flow Per Share | 77.18 | 59.43 | 50.78 | 38.85 | 34.63 |
Levered Free Cash Flow | 37,601 | 26,299 | 23,711 | 28,884 | 24,614 |
Unlevered Free Cash Flow | 40,180 | 29,138 | 26,485 | 19,257 | 19,254 |
Updated Feb 11, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.