NetEase, Inc. (NTES)

NetEase Cash Flow Statement

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

Year	2023	2022	2021	2020	2019
Net Income	29,417	20,338	16,857	12,063	21,238
Depreciation & Amortization	3,055	2,858	3,276	3,458	2,614
Share-Based Compensation	3,243	3,174	3,041	2,663	2,404
Other Operating Activities	-383.35	1,339	1,753	6,704	-9,038.93
Operating Cash Flow	35,331	27,709	24,927	24,888	17,216
Operating Cash Flow Growth	27.51%	11.16%	0.15%	44.56%	28.33%
Capital Expenditures	-4,265.58	-2,602.02	-3,038.49	-3,272.95	-3,268.18
Acquisitions	-2,234.57	-2,012.7	-4,301.68	-1,339.95	7,920
Change in Investments	-10,119.36	-2,431.23	530.52	-24,418.83	-25,913.52
Other Investing Activities	-423.93	-323.78	-268.65	-160.67	-874.6
Investing Cash Flow	-17,043.43	-7,369.73	-7,078.29	-29,192.41	-22,136.74
Dividends Paid	-8,013.9	-6,723.67	-3,508.38	-4,280.46	-8,840.63
Share Issuance / Repurchase	-5,234.29	-8,328.12	-12,924.33	10,421	10.64
Debt Issued / Paid	-8,305.02	4,845	1,708	4,041	2,972
Other Financing Activities	86.16	-30.92	2,139	-268.34	6,941
Financing Cash Flow	-21,467.05	-10,237.7	-12,585.57	9,913	1,083
Exchange Rate Effect	-202.46	110.4	-55.35	161.89	29.08
Net Cash Flow	-3,381.67	10,212	5,208	5,771	-3,808.68
Free Cash Flow	31,066	25,107	21,888	21,615	13,948
Free Cash Flow Growth	23.73%	14.71%	1.26%	54.97%	46.64%
Free Cash Flow Margin	30.02%	26.02%	24.98%	29.34%	23.54%
Free Cash Flow Per Share	48.29	38.47	32.91	32.70	21.66

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