Alibaba Group Holding Ltd (BABA) [Rocket]

In millions of CNY, except per share items	Mar-31-22	Mar-31-21	Mar-31-20	Mar-31-19	Mar-31-18	Mar-31-17	Mar-31-16	Mar-31-15
	20-F	20-F	20-F	20-F	20-F	20-F	20-F	20-F
Revenues:
Cainiao	46,107	37,258	22,233
International commerce	61,078	48,851	33,917
China commerce	592,705	501,683	351,977
Local consumer services	43,491	35,442	29,660
Other	109,681	94,055	71,924
Total revenues	853,062	717,289	509,711	376,844	250,266	158,273	101,143	76,204
Revenue growth [+]	18.9%	40.7%	35.3%	50.6%	58.1%	56.5%	32.7%	45.1%
Cainiao	23.8%	67.6%
International commerce	25.0%	44.0%
China commerce	18.1%	42.5%
Local consumer services	22.7%	19.5%
Cloud	23.1%	50.3%
Cost of goods sold	539,450	421,205	282,367	206,929	107,044	59,483	34,355	23,834
Gross profit	313,612	296,084	227,344	169,915	143,222	98,790	66,788	52,370
Gross margin	36.8%	41.3%	44.6%	45.1%	57.2%	62.4%	66.0%	68.7%
Selling, general and administrative [+]	151,721	136,743	78,870	64,669	43,540	28,553	20,512	16,313
Sales and marketing	119,799	81,519	50,673	39,780	27,299	16,314	11,307	8,513
General and administrative	31,922	55,224	28,197	24,889	16,241	12,239	9,205	7,800
Research and development	55,465	57,236	43,080	37,435	22,754	17,060	13,788	10,658
Equity in earnings
Other operating expenses	11,647	12,427	13,388	10,727	7,120	5,122	2,931	2,089
EBITDA [+]						53,232	33,256	25,592
EBITDA growth	6.3%	-2.4%	43.8%	-4.6%	56.0%	60.1%	29.9%	0.0%
EBITDA margin	13.9%	15.5%	22.3%	21.0%	33.2%	33.6%	32.9%	33.6%
Depreciation						55	768	193
EBITA	118,231	111,198	113,910	79,202	83,039	53,177	32,488	25,399
EBITA margin	13.9%	15.5%	22.3%	21.0%	33.2%	33.6%	32.1%	33.3%
Amortization of intangibles	23,452	21,520	21,904	22,118	13,231	5,122	2,931	2,089
EBIT [+]	94,779	89,678	92,006	57,084	69,808	48,055	29,557	23,310
EBIT growth	5.7%	-2.5%	61.2%	-18.2%	45.3%	62.6%	26.8%	-6.6%
EBIT margin	11.1%	12.5%	18.1%	15.1%	27.9%	30.4%	29.2%	30.6%
Non-recurring items [+]	25,141		576		494		455	175
Asset impairment	25,141		576		494		455	175
Interest expense	4,909	4,476	5,180	5,190	3,566	2,671	1,946	2,750
Interest expense	4,909	4,476	5,180	5,190	3,566	2,671	1,946	2,750
Other income (expense), net	-5,179	80,376	80,395	44,327	34,655	14,645	54,312	11,941
Pre-tax income	59,550	165,578	166,645	96,221	100,403	60,029	81,468	32,326
Income taxes	-26,815	-29,278	-20,562	-16,553	-18,199	-13,776	-8,449	-6,416
Tax rate
Minority interest	-15,170	-7,294	-9,083	-7,652	-2,681	-2,449	-171	59
Net income	61,959	150,308	149,263	87,600	63,985	43,675	71,460	24,149
Net margin	7.3%	21.0%	29.3%	23.2%	25.6%	27.6%	70.7%	31.7%

Basic EPS [+]	$2.87	$6.95	$7.10	$4.24	$3.13	$17.52	$29.07	$10.33
Growth	-58.7%	-2.1%	67.3%	35.5%	-82.1%	-39.7%	181.3%	-2.6%
Diluted EPS [+]	$2.84	$6.84	$6.99	$4.17	$3.06	$16.97	$27.89	$9.66
Growth	-58.4%	-2.2%	67.5%	36.2%	-81.9%	-39.1%	188.8%	-2.4%

Shares outstanding (basic) [+]	21,558	21,619	21,017	20,640	20,425	2,493	2,458	2,337
Growth	-0.3%	2.9%	1.8%	1.1%	719.3%	1.4%	5.2%	7.4%
Shares outstanding (diluted) [+]	21,787	21,982	21,346	20,988	20,881	2,573	2,562	2,500
Growth	-0.9%	3.0%	1.7%	0.5%	711.5%	0.4%	2.5%	7.2%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.