Vipshop Holdings Limited (VIPS)

Vipshop Holdings Cash Flow Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	7,839	8,201	6,312	4,693	5,919
Depreciation & Amortization	1,692	1,520	1,413	1,260	1,139
Stock-Based Compensation	1,538	1,510	1,208	1,010	951.05
Other Adjustments	-417.16	-366.31	336.7	469.43	135.28
Change in Receivables	-126.18	-199.85	-99.33	-88.05	988.11
Changes in Inventories	944.73	601.44	1,455	917.38	-527.2
Changes in Accounts Payable	-2,171	2,566	982.95	-1,942	1,387
Changes in Accrued Expenses	-356.29	666.26	-248.49	263.96	1,268
Changes in Unearned Revenue	345.3	-47.54	-94.71	269.89	262.82
Changes in Other Operating Activities	-159.63	-36.94	-745.35	-108.73	296.73
Operating Cash Flow	9,129	14,415	10,520	6,745	11,820
Operating Cash Flow Growth	-36.67%	37.02%	55.97%	-42.94%	-3.82%
Capital Expenditures	-2,723	-2,167	-2,431	-2,732	-2,237
Sale of Property, Plant & Equipment	20.51	199.01	42.82	395.08	305.42
Purchases of Intangible Assets	-839.34	-3,064	-671.82	-846.25	-34.64
Purchases of Investments	-5,110	-4,242	-11,479	-9,538	-15,951
Proceeds from Sale of Investments	4,623	3,566	15,131	10,514	10,680
Payments for Business Acquisitions	-	-	-387.51	-148.81	-569.43
Proceeds from Business Divestments	-	1.42	2.39	600.46	562.79
Other Investing Activities	463.69	545.9	841.82	-570.67	549.66
Investing Cash Flow	-3,566	-5,160	1,049	-2,326	-6,695
Long-Term Debt Issued	6,563	2,206	4,684	4,180	2,544
Long-Term Debt Repaid	-5,590	-3,418	-4,143	-3,155	-2,690
Net Long-Term Debt Issued (Repaid)	973.1	-1,212	541.03	1,025	-145.53
Issuance of Common Stock	0.25	-	-	419.81	0.9
Repurchase of Common Stock	-3,866	-5,107	-6,258	-1,939	-
Net Common Stock Issued (Repurchased)	-3,866	-5,107	-6,258	-1,519	0.9
Common Dividends Paid	-1,685	-	-	-	-
Other Financing Activities	-392.43	173.34	143.28	435.69	123.79
Financing Cash Flow	-4,970	-6,146	-5,573	-58.79	-20.84
Effect of Exchange Rate Changes on Cash and Cash Equivalents	63.28	85.79	-63.32	0.58	-12.53
Net Cash Flow	657.14	3,194	5,932	4,360	5,092
Free Cash Flow	6,406	12,247	8,089	4,012	9,583
Free Cash Flow Growth	-47.70%	51.41%	101.61%	-58.13%	6.63%
FCF Margin	5.91%	10.85%	7.84%	3.43%	9.41%
Free Cash Flow Per Share	118.78	217.63	126.23	57.84	138.85
Levered Free Cash Flow	6,285	10,007	7,172	3,634	7,351
Unlevered Free Cash Flow	4,619	10,506	5,180	2,348	6,506

Updated Feb 26, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q