Balance Sheet Vipshop Holdings Limited

Equities

VIPS

US92763W1036

Internet Services

Market Closed - Nyse Other stock markets 04:00:02 2024-09-06 pm EDT			5-day change	1st Jan Change
12.48 ^USD	+0.65%		-0.48%	-29.73%

Aug. 22	Nomura Adjusts Price Target on Vipshop Holdings to $12.70 From $14, Maintains Neutral Rating	MT
Aug. 21	Asian Equities Traded in the US as American Depositary Receipts Rise in Wednesday Trading	MT

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Published financial data: VIPSHOP HOLDINGS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	88.72B	97.45B	111B	97.25B	106B
Other Revenues, Total	4.27B	4.41B	5.8B	5.9B	7.24B
Total Revenues	92.99B	102B	117B	103B	113B
Cost of Goods Sold, Total	72.31B	80.57B	93.95B	81.54B	87.14B
Gross Profit	20.68B	21.29B	23.11B	21.62B	25.72B
Selling General & Admin Expenses, Total	14.08B	14.86B	16.87B	14.07B	15.49B
R&D Expenses	1.57B	1.22B	1.52B	1.61B	1.77B
Other Operating Expenses	-563M	-574M	-755M	-557M	-638M
Other Operating Expenses, Total	15.08B	15.51B	17.63B	15.12B	16.62B
Operating Income	5.6B	5.77B	5.47B	6.5B	9.1B
Interest Expense, Total	-86M	-67.36M	-14.46M	-24.26M	-22.93M
Interest And Investment Income	217M	449M	671M	764M	780M
Net Interest Expenses	131M	382M	657M	740M	757M
Income (Loss) On Equity Invest.	27.18M	30.02M	42.3M	-6.56M	80.3M
Currency Exchange Gains (Loss)	-935K	-160M	-37.05M	688M	163M
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	5.76B	6.03B	6.14B	7.92B	10.1B
Restructuring Charges	-154M	-	-	-	-
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-278M	-	-	-	-
Gain (Loss) On Sale Of Investments	39.34M	938M	-329M	452M	-37.16M
Gain (Loss) On Sale Of Assets	-14.4M	-7.75M	-5.69M	-34.78M	-5.26M
Asset Writedown	-476M	-47.02M	-61.92M	-239M	-156M
Insurance Settlements	96.39M	141M	175M	203M	169M
Other Unusual Items	-	-	-	-232M	-
EBT, Incl. Unusual Items	4.97B	7.05B	5.92B	8.07B	10.07B
Income Tax Expense	984M	1.13B	1.22B	1.76B	1.87B
Earnings From Continuing Operations	3.99B	5.92B	4.69B	6.31B	8.2B
Net Income to Company	3.99B	5.92B	4.69B	6.31B	8.2B
Minority Interest	30.4M	-12.4M	-11.8M	-13.02M	-84.68M
Net Income - (IS)	4.02B	5.91B	4.68B	6.3B	8.12B
Net Income to Common Incl Extra Items	4.02B	5.91B	4.68B	6.3B	8.12B
Net Income to Common Excl. Extra Items	4.02B	5.91B	4.68B	6.3B	8.12B
Per Share Items
Net EPS - Basic	6.02	8.75	6.88	9.9	14.66
Basic EPS - Continuing Operations	6.02	8.75	6.88	9.9	14.66
Basic Weighted Average Shares Outstanding	668M	675M	681M	636M	553M
Net EPS - Diluted	5.92	8.56	6.75	9.83	14.42
Diluted EPS - Continuing Operations	5.92	8.56	6.75	9.83	14.42
Diluted Weighted Average Shares Outstanding	680M	690M	694M	641M	563M
Normalized Basic EPS	5.43	5.56	5.62	7.76	11.25
Normalized Diluted EPS	5.33	5.44	5.51	7.71	11.06
Dividend Per Share	-	-	-	-	3.05
American Depositary Receipts Ratio (ADR)	0.2	0.2	0.2	0.2	0.2
Supplemental Items
EBITDA	6.45B	6.78B	6.58B	7.74B	10.4B
EBITA	5.62B	5.81B	5.49B	6.5B	9.1B
EBIT	5.6B	5.77B	5.47B	6.5B	9.1B
EBITDAR	7.3B	7.52B	7.25B	8.25B	10.88B
Total Revenues (As Reported)	92.99B	102B	117B	103B	113B
Effective Tax Rate - (Ratio)	19.79	16.03	20.67	21.79	18.54
Current Domestic Taxes	974M	1.26B	1.37B	-	-
Total Current Taxes	974M	1.26B	1.37B	1.71B	1.75B
Deferred Domestic Taxes	9.35M	-126M	-152M	-	-
Total Deferred Taxes	9.35M	-126M	-152M	49.51M	116M
Normalized Net Income	3.63B	3.75B	3.82B	4.94B	6.23B
Interest Capitalized	1.63M	-	-	-	-
Supplemental Operating Expense Items
Advertising Expense	2.23B	3.08B	3.28B	1.75B	3.28B
Marketing Expenses	1.05B	1.19B	1.78B	1.07B	-37.78M
Selling and Marketing Expenses	3.32B	4.28B	5.09B	2.83B	3.24B
General and Administrative Expenses	3.43B	3.7B	4.13B	3.99B	3.99B
Research And Development Expense From Footnotes	1.57B	1.22B	1.52B	1.61B	1.77B
Net Rental Expense, Total	851M	743M	662M	516M	479M
Imputed Operating Lease Interest Expense	125M	143M	25.3M	28.04M	28.42M
Imputed Operating Lease Depreciation	725M	600M	636M	488M	450M
Stock-Based Comp., R&D Exp. (Total)	180M	152M	253M	243M	330M
Stock-Based Comp., S&M Exp. (Total)	35.04M	16.53M	26.83M	14.63M	33.38M
Stock-Based Comp., G&A Exp. (Total)	360M	682M	641M	876M	1.07B
Stock-Based Comp., SG&A Exp. (Total)	113M	100M	88.98M	74.06M	77.93M
Total Stock-Based Compensation	688M	951M	1.01B	1.21B	1.51B

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	6.57B	12B	16.3B	21.94B	25.41B
Short Term Investments	3.05B	7.52B	6.09B	2.23B	2.48B
Total Cash And Short Term Investments	9.63B	19.51B	22.39B	24.17B	27.9B
Accounts Receivable, Total	988M	350M	459M	423M	527M
Other Receivables	1.91B	1.22B	923M	1.22B	1.4B
Notes Receivable	344M	411M	625M	486M	493M
Total Receivables	3.24B	1.98B	2.01B	2.13B	2.42B
Inventory	7.71B	7.64B	7.25B	5.97B	6.05B
Prepaid Expenses	62.16M	55.13M	63.92M	59.5M	76.31M
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	1.15B	816M	874M	1.16B	883M
Other Current Assets, Total	1.24B	1.16B	255M	249M	233M
Total Current Assets	23.03B	31.17B	32.84B	33.73B	37.56B
Gross Property Plant And Equipment	16.07B	18.93B	20.11B	22.48B	23.84B
Accumulated Depreciation	-3.09B	-3.77B	-4.59B	-5.36B	-6.4B
Net Property Plant And Equipment	12.97B	15.17B	15.53B	17.12B	17.44B
Long-term Investments	5.12B	4.81B	4.96B	4.82B	5.07B
Goodwill	237M	594M	589M	755M	755M
Other Intangibles, Total	5.88B	6.4B	6.93B	7.98B	10.47B
Accounts Receivable Long-Term	220M	48.44M	40K	9K	-
Loans Receivable Long-Term	486M	51.88M	43.17M	33.24M	-
Deferred Tax Assets Long-Term	540M	628M	760M	682M	685M
Other Long-Term Assets, Total	106M	73.72M	635M	355M	348M
Total Assets	48.58B	58.94B	62.29B	65.48B	72.32B
Liabilities
Accounts Payable, Total	14.32B	15.64B	13.5B	15.16B	17.37B
Accrued Expenses, Total	3.98B	4.89B	4.62B	4.28B	4.55B
Short-term Borrowings	1.09B	1.04B	2.05B	2.83B	1.61B
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	333M	300M	285M	136M	80.87M
Current Income Taxes Payable	653M	673M	662M	689M	647M
Unearned Revenue Current, Total	1.64B	1.89B	2.28B	2.14B	458M
Other Current Liabilities	1.9B	2.13B	2.37B	3.3B	5.9B
Total Current Liabilities	23.93B	26.57B	25.77B	28.53B	30.62B
Long-Term Debt	64.52M	-	-	-	-
Long-Term Leases	1.4B	1.36B	953M	833M	689M
Unearned Revenue Non Current	782M	1.07B	1.03B	1.47B	1.76B
Deferred Tax Liability Non Current	165M	433M	437M	574M	692M
Other Non Current Liabilities	-	121M	272M	-	-
Total Liabilities	26.33B	29.56B	28.46B	31.4B	33.76B
Common Stock, Total	87K	88K	91K	91K	73K
Additional Paid In Capital	9.96B	10.82B	12.23B	13.09B	4.44B
Retained Earnings	11.92B	17.74B	22.42B	28.72B	36.84B
Treasury Stock	-	-	-1.93B	-8.35B	-3.62B
Comprehensive Income and Other	-56.66M	-58.95M	-88.6M	-708M	-696M
Total Common Equity	21.83B	28.5B	32.63B	32.75B	36.96B
Minority Interest	423M	888M	1.2B	1.32B	1.6B
Total Equity	22.25B	29.39B	33.83B	34.07B	38.56B
Total Liabilities And Equity	48.58B	58.94B	62.29B	65.48B	72.32B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	672M	688M	656M	563M	542M
ECS Total Common Shares Outstanding	670M	679M	679M	586M	542M
Book Value / Share	32.55	41.99	48.06	55.9	68.16
Tangible Book Value	15.71B	21.51B	25.11B	24.02B	25.74B
Tangible Book Value Per Share	23.43	31.69	36.98	41	47.47
Total Debt	2.89B	2.7B	3.28B	3.79B	2.38B
Net Debt	-6.74B	-16.81B	-19.11B	-20.37B	-25.52B
Debt Equivalent Oper. Leases	6.8B	5.94B	5.29B	4.13B	3.83B
Minority Interest, Total (Incl. Fin. Div)	423M	888M	1.2B	1.32B	1.6B
Equity Method Investments, Total	3.11B	1.95B	2.48B	2.16B	2.16B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Finished Goods, Total	7.71B	7.64B	6.87B	5.52B	5.64B
Buildings, Total	6.69B	11.38B	13.49B	15.88B	17.79B
Machinery, Total	3.52B	3.19B	3.38B	3.41B	3.46B
Full Time Employees	20.44K	7.57K	8.01K	6.82K	14.64K
Accumulated Allowance for Doubtful Accounts (Supple)	112M	19.96M	34.96M	54.62M	60.66M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	4.02B	5.91B	4.68B	6.3B	8.12B
Depreciation & Amortization - CF	830M	970M	1.1B	1.23B	1.3B
Amortization of Goodwill and Intangible Assets - (CF)	15.76M	36.54M	12.08M	3.26M	3.78M
Depreciation & Amortization, Total	846M	1.01B	1.11B	1.23B	1.3B
Amortization of Deferred Charges, Total - (CF)	104M	133M	150M	179M	217M
(Gain) Loss From Sale Of Asset	25.73M	-40.87M	-183M	34.78M	5.26M
(Gain) Loss on Sale of Investments - (CF)	-49.76M	-659M	480M	-447M	8.89M
Asset Writedown & Restructuring Costs	816M	47.02M	61.92M	239M	156M
(Income) Loss On Equity Investments - (CF)	-27.18M	-30.02M	-42.3M	6.56M	-80.3M
Stock-Based Compensation (CF)	688M	951M	1.01B	1.21B	1.51B
Provision and Write-off of Bad Debts	230M	-9.13M	-17.12M	70.43M	28.11M
Other Operating Activities, Total	619M	840M	182M	446M	-400M
Change In Accounts Receivable	4.17B	988M	-88.05M	-99.33M	-200M
Change In Inventories	-2.63B	-527M	917M	1.46B	601M
Change In Accounts Payable	1.68B	1.39B	-1.94B	983M	2.57B
Change in Unearned Revenues	-255M	209M	338M	-161M	46.88M
Change In Deferred Taxes	-30.67M	-	-	-	-
Change in Other Net Operating Assets	2.09B	1.62B	87.29M	-928M	535M
Cash from Operations	12.29B	11.82B	6.74B	10.52B	14.41B
Capital Expenditure	-3.3B	-2.24B	-2.73B	-2.43B	-2.17B
Sale of Property, Plant, and Equipment	33.44M	305M	395M	42.82M	199M
Cash Acquisitions	-2.75B	-569M	-149M	-388M	-
Divestitures	-	563M	600M	2.39M	1.42M
Sale (Purchase) of Intangible assets	-974M	-34.64M	-846M	-672M	-3.06B
Investment in Marketable and Equity Securities, Total	-1.38B	-5.27B	976M	3.65B	-676M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-91.5M	298M	-127M	352M	42.41M
Other Investing Activities, Total	221M	252M	-444M	490M	503M
Cash from Investing	-8.24B	-6.7B	-2.33B	1.05B	-5.16B
Short Term Debt Issued, Total	-	-	-	92M	112M
Long-Term Debt Issued, Total	1.82B	2.54B	4.07B	4.59B	2.09B
Total Debt Issued	1.82B	2.54B	4.07B	4.68B	2.21B
Short Term Debt Repaid, Total	-969M	-	-	-95.4M	-62.05M
Long-Term Debt Repaid, Total	-7.09B	-2.69B	-3.12B	-4.05B	-3.36B
Total Debt Repaid	-8.06B	-2.69B	-3.12B	-4.14B	-3.42B
Issuance of Common Stock	297K	895K	420M	-	-
Repurchase of Common Stock	-	-	-1.94B	-6.26B	-5.11B
Other Financing Activities, Total	-20.83M	124M	516M	143M	173M
Cash from Financing	-6.26B	-20.84M	-58.79M	-5.57B	-6.15B
Foreign Exchange Rate Adjustments	-112M	-12.53M	581K	-63.32M	85.79M
Net Change in Cash	-2.32B	5.09B	4.36B	5.93B	3.19B
Supplemental Items
Cash Interest Paid	86M	67.36M	13.77M	21.82M	26.48M
Cash Income Tax Paid (Refund)	818M	1.14B	1.36B	1.64B	1.78B
Levered Free Cash Flow	6.06B	7.53B	1.59B	6.64B	6.74B
Unlevered Free Cash Flow	6.12B	7.57B	1.6B	6.66B	6.76B
Change In Net Working Capital	-5.25B	-4.15B	516M	-3.08B	-3.27B
Net Debt Issued / Repaid	-6.24B	-146M	944M	541M	-1.21B