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Income Statement
Balance Sheet
Cash Flow Statement
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Credit Analysis

Baozun Inc. (BZUN)

Cash Flow Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions of CNY, except per share itemsDec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14
   20-F20-F20-F20-F20-F20-F20-F20-F
Cash flows from operating activities:          
    Net Income (loss)  -206.0426.5281.9269.8209.185.422.6-59.8
    Adjustments to reconcile net income to net cash from (used in) operating activities:          
        Provision for allowance for credit losses  105.82.79.00.2    
        Inventory write-down  89.5108.576.238.742.338.821.112.5
        Share-based compensation  196.5108.475.275.958.234.225.285.0
        Depreciation and amortization  206.9151.7120.172.250.635.923.113.3
        Amortization of issuance cost of convertible senior notes  23.725.216.6     
        Deferred income tax  -63.7-0.6-16.8-22.9-3.41.5-13.8 
        Loss on disposal of property and equipment  8.35.53.52.11.10.90.90.3
        Gain on disposal of equity investees  -0.2       
        Share of income in equity method investment  -3.3-5.5-4.81.01.3 10.2 
        Impairment loss of investments  3.510.89.09.06.2   
        Unrealized loss related to investment securities  242.9       
        Exchange loss (gain)  -14.03.110.74.9-0.4-0.30.12.7
        Changes in operating assets and liabilities:          
            Accounts receivable  -98.6-400.1-247.8-462.1-457.0-260.5-135.5-123.5
            Inventories  -137.0-237.7-320.1-307.0-106.8-16.5-112.5-122.1
            Advances to suppliers  -243.8-70.9-39.2-77.2-13.2-40.615.1-10.7
            Prepayments and other current assets  3.1-50.5-100.7-80.6-77.2-1.9-70.8-16.9
            Amounts due from related parties  -19.2-21.612.956.5-50.0-1.2-22.4-8.0
            Operating lease right-of-use assets  -570.8-84.224.5     
            Other non-current assets  -28.7-10.1-11.0-12.0-3.1-1.1-11.4-1.0
            Accounts payable  39.3-450.8-24.4302.854.565.4170.5126.6
            Notes payable  28.8290.1183.9-21.2-67.184.11.117.0
            Income tax payables  -26.7-9.419.232.314.68.05.6 
            Amounts due to related party  28.838.2-7.214.0    
            Accrued expenses and other current liabilities  -254.6392.8242.55.3175.1-19.082.516.0
            Operating lease liabilities  626.187.7-11.9     
                Net cash provided by (used in) operating activities  -96.1310.0301.4-98.5-169.113.42.2 
   
Cash flows from investing activities:          
    Purchases of property and equipment  -285.6-111.1-91.3-123.0-267.0-76.1-46.5-19.8
    Purchases of investment securities  -324.5       
    Purchases of short-term investments  -954.9-1,977.8-1,532.0 -272.6 -50.0 
    Maturity of short-term investments  2,388.41,541.5766.0256.1    
    Purchase of long-term time deposits    -211.6     
    Additions of intangible assets  -67.2-47.5-61.6-85.7-36.4-16.1-12.0-9.3
    Investment in equity investees  -163.2-21.3-16.5-17.4  -10.6 
    Net cash received (paid) for business combination  -208.4-0.113.6 -17.0   
    Loan to a related party  -8.8       
        Net cash (used in) provided by investing activities  375.8-616.4-1,133.537.6-639.2-116.7-126.9 
   
Cash flows from financing activities:          
    Proceeds from issuance of ordinary shares upon public offering in Hong Kong   3,127.3   253.7784.40.0
    Payment for public offering costs  -11.1-31.7  -8.6-15.6-77.3-2.1
    Proceeds from short-term borrowings  548.5235.4916.6780.1329.4  160.0
    Repayment of short-term borrowings   -663.9-924.3-515.9-157.4  -160.0
    Repayment of long-term borrowings    -69.4     
    Repurchase of ordinary shares  -1,060.4    -45.3-14.0 
    Proceeds from sale of a subsidiary's equity interest to Cainiao  1,290.8 4.5     
    Proceeds from exercises of stock options  0.10.41.73.74.33.90.2 
    Proceeds from issuance of convertible senior notes, net of issuance cost paid   -0.71,847.8     
    Proceeds from ADS lending    0.0     
    Acquisition of non-controlling interests of subsidiaries  -18.0       
        Net cash provided by financing activities  750.02,666.81,776.9331.2167.7210.7687.7 
    Net increase in cash, cash equivalents and restricted cash  1,029.72,360.5944.8270.3    
Effect of exchange rate changes on cash, cash equivalents and restricted cash  -60.9-156.3-0.918.9-34.025.3  
   
Cash and cash equivalents          
Restricted cash          
   
Supplemental disclosure of cash flow information:          
    Cash paid for interest  29.838.737.613.03.1  1.6
    Cash paid for income tax  145.6137.768.755.643.07.32.20.0
    Supplemental disclosures of non-cash investing and financing activities:          
        Unpaid convertible senior notes offering costs    0.7     
        Unpaid Hong Kong public offering costs   11.1      
        Purchases of property and equipment included in payables  40.66.50.12.5    

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