Tencent Music Entertainment Group (TME)

TME Balance Sheet

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash & Equivalents	10,209	13,567	9,555	6,591	11,128	15,426
Short-Term Investments	18,354	9,974	11,328	12,806	14,895	7,044
Trading Asset Securities	-	-	-	1,029	-	-
Cash & Short-Term Investments	28,563	23,541	20,883	20,426	26,023	22,470
Cash Growth	28.52%	12.73%	2.24%	-21.51%	15.81%	28.86%
Accounts Receivable	2,935	2,918	2,670	3,610	2,800	2,198
Other Receivables	-	179	253	187	188	203
Receivables	2,935	3,097	2,923	3,797	2,988	2,401
Inventory	18	8	14	24	18	26
Prepaid Expenses	-	2,387	2,005	2,084	2,121	1,733
Restricted Cash	10	31	34	-	-	-
Other Current Assets	3,000	872	700	460	537	284
Total Current Assets	34,526	29,936	26,559	26,791	31,687	26,914
Property, Plant & Equipment	1,016	857	721	526	487	327
Long-Term Investments	24,204	19,840	14,332	15,403	15,328	5,667
Goodwill	19,647	19,542	19,493	19,121	17,492	17,140
Other Intangible Assets	4,378	4,469	4,848	4,324	2,020	1,622
Long-Term Deferred Tax Assets	388	352	347	346	303	192
Other Long-Term Assets	454	540	709	743	956	816
Total Assets	84,613	75,536	67,009	67,254	68,273	52,678
Accounts Payable	6,523	5,006	4,998	4,329	3,565	2,559
Accrued Expenses	-	2,878	3,019	3,264	2,854	2,245
Current Portion of Leases	109	115	123	92	103	69
Current Income Taxes Payable	823	567	404	363	445	386
Current Unearned Revenue	2,931	2,963	2,198	1,868	1,642	1,717
Other Current Liabilities	4,885	485	975	534	993	1,514
Total Current Liabilities	15,271	12,014	11,717	10,450	9,602	8,490
Long-Term Debt	3,481	5,636	5,536	5,062	5,175	-
Long-Term Leases	235	297	306	205	218	78
Long-Term Unearned Revenue	163	148	112	118	146	135
Long-Term Deferred Tax Liabilities	234	239	211	271	265	297
Other Long-Term Liabilities	-	-	-	93	136	-
Total Liabilities	19,384	18,334	17,882	16,199	15,542	9,000
Common Stock	2	2	2	2	2	2
Additional Paid-In Capital	36,702	36,576	36,456	36,238	35,044	34,425
Retained Earnings	18,106	17,188	12,268	14,341	11,256	7,101
Treasury Stock	-7,538	-6,996	-6,349	-3,660	-134	-
Comprehensive Income & Other	16,213	9,137	5,722	3,396	6,077	2,062
Total Common Equity	63,485	55,907	48,099	50,317	52,245	43,590
Minority Interest	1,744	1,295	1,028	738	486	88
Shareholders' Equity	65,229	57,202	49,127	51,055	52,731	43,678
Total Liabilities & Equity	84,613	75,536	67,009	67,254	68,273	52,678
Total Debt	3,825	6,048	5,965	5,359	5,496	147
Net Cash (Debt)	24,738	17,493	14,918	15,067	20,527	22,323
Net Cash Growth	53.85%	17.26%	-0.99%	-26.60%	-8.05%	28.02%
Net Cash Per Share	15.76	11.04	9.22	8.96	12.22	13.34
Filing Date Shares Outstanding	1,546	1,552	1,571	1,661	1,693	1,678
Total Common Shares Outstanding	1,546	1,552	1,571	1,642	1,693	1,678
Working Capital	19,255	17,922	14,842	16,341	22,085	18,424
Book Value Per Share	41.06	36.03	30.61	30.64	30.87	25.98
Tangible Book Value	39,460	31,896	23,758	26,872	32,733	24,828
Tangible Book Value Per Share	25.52	20.56	15.12	16.36	19.34	14.80
Machinery	-	431	449	435	385	305
Construction In Progress	-	341	132	37	-	-
Leasehold Improvements	-	168	166	137	67	59

Source: S&P Capital IQ. Standard template. Financial Sources.