Cash flow Xiaomi Corporation

Equities

1810

KYG9830T1067

Phones & Handheld Devices

Market Closed - Hong Kong S.E. Other stock markets 03:09:06 2025-02-13 am EST			5-day change	1st Jan Change
41.65 ^HKD	-5.56%		+5.04%	+20.72%

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5cc130563d23522.jr80Yu1F8NW8dudpLYXz96z1cF8hxHCOdruiFxQcvgE.--0DMNULhYaFN5EkTvaWvO_EGC5Zp0PGT9D2WXYviVfK_QUNpyLJ5fIFsg

Published financial data: XIAOMI CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	206B	246B	328B	280B	271B
Total Revenues	206B	246B	328B	280B	271B
Cost of Goods Sold, Total	177B	209B	270B	232B	213B
Gross Profit	28.55B	36.75B	58.26B	47.58B	57.48B
Selling General & Admin Expenses, Total	13.48B	18.29B	25.72B	26.44B	24.35B
R&D Expenses	7.49B	9.26B	13.17B	16.03B	19.1B
Other Operating Expenses	-313M	97.42M	-649M	-964M	-582M
Other Operating Expenses, Total	20.66B	27.64B	38.24B	41.5B	42.87B
Operating Income	7.89B	9.11B	20.02B	6.08B	14.61B
Interest Expense, Total	-528M	-3.36B	-2.84B	-1.13B	-1.15B
Interest And Investment Income	1.66B	1.04B	1.4B	2.37B	3.72B
Net Interest Expenses	1.14B	-2.32B	-1.44B	1.24B	2.57B
Income (Loss) On Equity Invest.	-672M	1.38B	275M	-400M	45.62M
Currency Exchange Gains (Loss)	-	-	-483M	-999M	124M
Other Non Operating Income (Expenses)	-	-	-	-	-411M
EBT, Excl. Unusual Items	8.36B	8.17B	18.37B	5.92B	16.93B
Gain (Loss) On Sale Of Investments	3.8B	13.45B	6.04B	-1.99B	5.08B
Gain (Loss) On Sale Of Assets	5.91M	6.48M	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	12.16B	21.63B	24.42B	3.93B	22.01B
Income Tax Expense	2.06B	1.32B	5.13B	1.43B	4.54B
Earnings From Continuing Operations	10.1B	20.31B	19.28B	2.5B	17.47B
Net Income to Company	10.1B	20.31B	19.28B	2.5B	17.47B
Minority Interest	-58.79M	42.79M	56.09M	-28.54M	977K
Net Income - (IS)	10.04B	20.36B	19.34B	2.47B	17.48B
Net Income to Common Incl Extra Items	10.04B	20.36B	19.34B	2.47B	17.48B
Net Income to Common Excl. Extra Items	10.04B	20.36B	19.34B	2.47B	17.48B
Per Share Items
Net EPS - Basic	0.42	0.85	0.78	0.1	0.7
Basic EPS - Continuing Operations	0.42	0.85	0.78	0.1	0.7
Basic Weighted Average Shares Outstanding	23.75B	23.99B	24.93B	24.83B	24.88B
Net EPS - Diluted	0.41	0.82	0.76	0.1	0.69
Diluted EPS - Continuing Operations	0.41	0.82	0.76	0.1	0.69
Diluted Weighted Average Shares Outstanding	24.51B	24.67B	25.51B	25.3B	25.32B
Normalized Basic EPS	0.22	0.21	0.46	0.15	0.43
Normalized Diluted EPS	0.21	0.21	0.45	0.15	0.42
American Depositary Receipts Ratio (ADR)	5	5	5	5	5
Supplemental Items
EBITDA	8.7B	10.32B	22.03B	8.53B	18.29B
EBITA	8.38B	9.79B	21.29B	7.5B	17.07B
EBIT	7.89B	9.11B	20.02B	6.08B	14.61B
EBITDAR	9.27B	11.29B	22.67B	9.25B	18.91B
Effective Tax Rate - (Ratio)	16.93	6.1	21.03	36.39	20.61
Total Current Taxes	2.23B	2.33B	4.14B	2.27B	3.91B
Total Deferred Taxes	-169M	-1.01B	998M	-836M	628M
Normalized Net Income	5.16B	5.15B	11.54B	3.67B	10.58B
Interest Capitalized	129M	24.48M	19.76M	2.55M	4.72M
Interest on Long-Term Debt	45.88M	42.34M	281M	207M	310M
Supplemental Operating Expense Items
Advertising Expense	3.36B	5.48B	7.25B	7.23B	7B
Selling and Marketing Expenses	10.38B	14.54B	20.98B	21.32B	19.01B
General and Administrative Expenses	3.1B	3.75B	4.74B	5.11B	5.13B
Research And Development Expense From Footnotes	7.49B	9.26B	13.17B	16.03B	19.1B
Net Rental Expense, Total	563M	962M	638M	720M	619M
Imputed Operating Lease Interest Expense	201M	1.41B	594M	229M	205M
Imputed Operating Lease Depreciation	362M	-446M	43.81M	491M	414M
Stock-Based Comp., G&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	2.2B	2.33B	2.04B	2.5B	3.38B
Total Stock-Based Compensation	2.2B	2.33B	2.04B	2.5B	3.38B

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	25.92B	54.75B	23.51B	27.61B	33.63B
Short Term Investments	21.52B	18.4B	33.35B	30.32B	53.88B
Trading Asset Securities, Total	16.46B	22.38B	29.31B	9.85B	20.19B
Total Cash And Short Term Investments	63.91B	95.53B	86.17B	67.78B	108B
Accounts Receivable, Total	6.95B	10.36B	18B	11.84B	12.28B
Other Receivables	18.51B	14.29B	16.86B	15.49B	16.32B
Notes Receivable	12.87B	9.03B	5.21B	7.93B	9.86B
Total Receivables	38.33B	33.69B	40.07B	35.25B	38.46B
Inventory	32.59B	41.67B	52.4B	50.44B	44.42B
Prepaid Expenses	-	436M	1.41B	1.1B	1.15B
Restricted Cash	1.54B	3.63B	4.32B	3.96B	4.79B
Other Current Assets, Total	1.18B	1.34B	1.48B	1.89B	2.52B
Total Current Assets	138B	176B	186B	160B	199B
Gross Property Plant And Equipment	12.35B	13.14B	18.38B	22.59B	27.48B
Accumulated Depreciation	-1.53B	-1.46B	-2.12B	-3.09B	-3.78B
Net Property Plant And Equipment	10.83B	11.67B	16.26B	19.5B	23.7B
Long-term Investments	30.57B	57.84B	76.89B	81.11B	85.78B
Goodwill	248M	253M	1.7B	1.7B	1.7B
Other Intangibles, Total	1.42B	4.01B	3.88B	2.93B	6.93B
Deferred Tax Assets Long-Term	1.28B	2.01B	1.66B	2.28B	2.16B
Other Long-Term Assets, Total	1.74B	1.61B	6.65B	5.58B	4.93B
Total Assets	184B	254B	293B	274B	324B
Liabilities
Accounts Payable, Total	59.53B	72.2B	74.64B	53.09B	62.1B
Accrued Expenses, Total	4.08B	4.52B	7.03B	5.23B	8.38B
Short-term Borrowings	1.4B	1.4B	3.44B	272M	-
Current Portion of Long-Term Debt	11.44B	5.56B	3.24B	2.15B	6.18B
Current Portion of Leases	399M	363M	1.53B	947M	712M
Current Income Taxes Payable	479M	674M	2.34B	1.38B	1.84B
Unearned Revenue Current, Total	7.25B	11.12B	8.49B	9.93B	15.38B
Other Current Liabilities	7.61B	12.09B	15.01B	16.63B	21B
Total Current Liabilities	92.18B	108B	116B	89.63B	116B
Long-Term Debt	4.79B	10.63B	20.72B	21.49B	21.67B
Long-Term Leases	561M	516M	1.75B	1.46B	1.26B
Unearned Revenue Non Current	-	-	-	-	2.12B
Deferred Tax Liability Non Current	580M	301M	1.2B	983M	1.49B
Other Non Current Liabilities	3.86B	10.29B	16.06B	16.02B	17.86B
Total Liabilities	102B	130B	155B	130B	160B
Common Stock, Total	388K	409K	407K	406K	407K
Additional Paid In Capital	43.58B	64.66B	59.72B	59.48B	60.78B
Retained Earnings	31.93B	52.29B	71.63B	74.1B	91.57B
Treasury Stock	-1.05B	-36.22M	-344M	-191M	-438M
Comprehensive Income and Other	6.87B	6.79B	6.21B	10.27B	12.08B
Total Common Equity	81.33B	124B	137B	144B	164B
Minority Interest	327M	322M	220M	265M	266M
Total Equity	81.66B	124B	137B	144B	164B
Total Liabilities And Equity	184B	254B	293B	274B	324B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	23.98B	25.18B	24.97B	24.93B	25.05B
ECS Total Common Shares Outstanding	23.98B	25.18B	24.97B	24.93B	25.05B
Book Value / Share	3.39	4.91	5.5	5.76	6.55
Tangible Book Value	79.66B	119B	132B	139B	155B
Tangible Book Value Per Share	3.32	4.74	5.27	5.58	6.2
Total Debt	18.58B	18.48B	30.68B	26.33B	29.83B
Net Debt	-45.32B	-77.05B	-55.49B	-41.45B	-77.88B
Debt Equivalent Oper. Leases	4.51B	7.7B	5.1B	5.76B	4.95B
Minority Interest, Total (Incl. Fin. Div)	327M	322M	220M	265M	266M
Equity Method Investments, Total	9.3B	12.78B	10.23B	7.93B	6.92B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	9.35B	15.68B	19.31B	17.12B	11.46B
Inventories - Work In Process, Total	2.42B	4.14B	4.63B	3.07B	3.56B
Inventories - Finished Goods, Total	18.03B	17.91B	23.93B	28.65B	27.13B
Inventories - Others	3.66B	5.17B	5.85B	5.07B	4.45B
Buildings, Total	2.27B	3.63B	3.69B	4.76B	7.95B
Machinery, Total	910M	1.43B	1.8B	2.41B	3.22B
Full Time Employees	18.17K	22.07K	33.43K	32.54K	33.63K
Part Time Employees	-	-	1.99K	3.43K	1.49K
Accumulated Allowance for Doubtful Accounts (Supple)	116M	201M	164M	205M	317M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	10.04B	20.36B	19.34B	2.47B	17.48B
Depreciation & Amortization - CF	895M	1.03B	1.79B	2.28B	2.38B
Amortization of Goodwill and Intangible Assets - (CF)	486M	676M	1.27B	1.43B	2.46B
Depreciation & Amortization, Total	1.38B	1.71B	3.06B	3.71B	4.84B
(Gain) Loss From Sale Of Asset	-5.91M	-6.48M	-4.34M	-7.34M	-12.51M
(Gain) Loss on Sale of Investments - (CF)	-3.8B	-13.45B	-9.91B	1.99B	-5.07B
Provision for Credit Losses	1.02B	1.76B	21.41M	-	-
(Income) Loss On Equity Investments - (CF)	672M	-1.38B	3.59B	400M	-45.62M
Stock-Based Compensation (CF)	2.2B	2.33B	2.04B	2.5B	3.38B
Provision and Write-off of Bad Debts	83.36M	223M	-15.65M	218M	322M
Other Operating Activities, Total	2.67B	6.03B	7.39B	5.59B	3.1B
Change In Accounts Receivable	-1.28B	-4.27B	-7.55B	4.35B	-1.65B
Change In Inventories	-6.96B	-11.6B	-13.75B	-5.45B	2.17B
Change In Accounts Payable	13.53B	10.34B	2.46B	-20.51B	11.15B
Change in Other Net Operating Assets	4.26B	9.85B	3.11B	362M	5.65B
Cash from Operations	23.81B	21.88B	9.79B	-4.39B	41.3B
Capital Expenditure	-3.41B	-3.03B	-7.17B	-5.8B	-6.27B
Sale of Property, Plant, and Equipment	67.74M	63.09M	35.36M	17.33M	72.83M
Cash Acquisitions	-	38.52M	-1.09B	-25.11M	-18.14M
Divestitures	-	-	-	-	101M
Investment in Marketable and Equity Securities, Total	-29.83B	-16.56B	-38.93B	19.43B	-32.78B
Other Investing Activities, Total	1.6B	1.81B	2.15B	1.93B	3.73B
Cash from Investing	-31.57B	-17.68B	-45.01B	15.55B	-35.17B
Long-Term Debt Issued, Total	17.04B	36.38B	22.53B	19.86B	8.87B
Total Debt Issued	17.04B	36.38B	22.53B	19.86B	8.87B
Short Term Debt Repaid, Total	-	-	-	-1.01B	-
Long-Term Debt Repaid, Total	-11B	-33.08B	-14.33B	-23.83B	-5.14B
Total Debt Repaid	-11B	-33.08B	-14.33B	-24.84B	-5.14B
Issuance of Common Stock	187M	20.2B	83.01M	83.92M	69.92M
Repurchase of Common Stock	-2.93B	-455M	-7.01B	-2.39B	-1.39B
Issuance of Preferred Stock	-	-	-	-	-
Other Financing Activities, Total	-175M	3.17B	3.22B	-571M	-2.92B
Cash from Financing	3.12B	26.22B	4.5B	-7.85B	-505M
Foreign Exchange Rate Adjustments	328M	-1.58B	-517M	791M	398M
Net Change in Cash	-4.31B	28.83B	-31.24B	4.1B	6.02B
Supplemental Items
Cash Interest Paid	219M	500M	752M	1.12B	841M
Cash Income Tax Paid (Refund)	2.14B	1.95B	2.44B	3.42B	3.01B
Levered Free Cash Flow	19B	19.14B	-3.34B	-10.72B	33.81B
Unlevered Free Cash Flow	19.33B	21.24B	-1.56B	-10.01B	34.53B
Change In Net Working Capital	-14.21B	-14.53B	12.01B	14.22B	-23.46B
Net Debt Issued / Repaid	6.04B	3.3B	8.2B	-4.98B	3.73B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	3	2.6	4.58	1.34	3.05
Return on Total Capital	5.41	4.69	8.06	2.24	5.02
Return On Equity %	13.21	19.75	14.75	1.78	11.34
Return on Common Equity	13.16	19.86	14.82	1.76	11.36
Margin Analysis
Gross Profit Margin %	13.87	14.95	17.75	16.99	21.21
SG&A Margin	6.55	7.44	7.83	9.44	8.99
EBITDA Margin %	4.23	4.2	6.71	3.05	6.75
EBITA Margin %	4.07	3.98	6.48	2.68	6.3
EBIT Margin %	3.83	3.71	6.1	2.17	5.39
Income From Continuing Operations Margin %	4.91	8.26	5.87	0.89	6.45
Net Income Margin %	4.88	8.28	5.89	0.88	6.45
Net Avail. For Common Margin %	4.88	8.28	5.89	0.88	6.45
Normalized Net Income Margin	2.51	2.1	3.51	1.31	3.91
Levered Free Cash Flow Margin	9.23	7.78	-1.02	-3.83	12.48
Unlevered Free Cash Flow Margin	9.39	8.64	-0.48	-3.58	12.74
Asset Turnover
Asset Turnover	1.25	1.12	1.2	0.99	0.91
Fixed Assets Turnover	25.9	21.86	23.51	15.66	12.54
Receivables Turnover (Average Receivables)	32.81	28.41	23.15	18.77	22.48
Inventory Turnover (Average Inventory)	5.71	5.63	5.74	4.52	4.5
Short Term Liquidity
Current Ratio	1.49	1.63	1.61	1.79	1.72
Quick Ratio	0.97	1.11	1.05	1.06	1.18
Operating Cash Flow to Current Liabilities	0.26	0.2	0.08	-0.05	0.36
Days Sales Outstanding (Average Receivables)	11.12	12.88	15.76	19.44	16.24
Days Outstanding Inventory (Average Inventory)	63.89	64.98	63.57	80.73	81.09
Average Days Payable Outstanding	107.05	110.48	95.44	101.13	101.32
Cash Conversion Cycle (Average Days)	-32.04	-32.61	-16.11	-0.96	-4
Long Term Solvency
Total Debt/Equity	22.76	14.9	22.32	18.29	18.16
Total Debt / Total Capital	18.54	12.97	18.25	15.46	15.37
LT Debt/Equity	6.55	8.99	16.35	15.95	13.96
Long-Term Debt / Total Capital	5.33	7.83	13.36