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CONSOLIDATED STATEMENTS OF CASH FLOWS
¥ in Millions, $ in Millions
12 Months Ended
Mar. 31, 2023
CNY (¥)
Mar. 31, 2023
USD ($)
Mar. 31, 2022
CNY (¥)
Mar. 31, 2021
CNY (¥)
Cash flows from operating activities:        
Net income ¥ 65,573 $ 9,548 ¥ 47,079 ¥ 143,284
Adjustments to reconcile net income to net cash provided by operating activities:        
Revaluation (gain) loss on previously held equity interest     2 (8,759)
(Gain) Loss on disposals of equity method investees 72 11 32 (644)
(Gain) Loss related to equity securities and other investments 14,911 2,171 20,479 (57,930)
Change in fair value of other assets and liabilities (1,522) (222) 1,478 250
Gain on disposals of subsidiaries (14) (2) (1,163) (383)
Depreciation and impairment of property and equipment, and operating lease cost relating to land use rights 27,799 4,047 27,808 26,389
Amortization of intangible assets and licensed copyrights 19,139 2,787 20,257 21,520
Share-based compensation expense 30,831 4,489 23,971 50,120
Equity-settled donation expense 511 75    
Impairment of equity securities and other investments 13,327 1,941 8,922 7,481
Impairment of goodwill, intangible assets and licensed copyrights 6,658 970 25,886 1,688
Loss (Gain) on disposals of property and equipment (163) (24) 132 75
Share of results of equity method investees 8,063 1,174 (14,344) (6,984)
Deferred income taxes (1,717) (250) (1,369) 3,236
Allowance for doubtful accounts 2,802 408 1,739 1,935
Changes in assets and liabilities, net of effects of acquisitions and disposals:        
Prepayments, receivables and other assets, and long-term licensed copyrights 8,605 1,253 (32,496) (43,611)
Income tax payable (9,214) (1,342) (3,526) 4,026
Accrued expenses, accounts payable and other liabilities 11,159 1,625 13,327 74,554
Merchant deposits (1,450) (211) (270) 1,377
Deferred revenue and customer advances 4,382 638 4,815 14,162
Net cash provided by operating activities 199,752 29,086 142,759 231,786
Cash flows from investing activities:        
Increase in short-term investments, net (61,086) (8,895) (106,984) (114,826)
Increase in other treasury investment, net (40,794) (5,940)    
Settlement of forward exchange contracts, net 1,282 187 (448) (803)
Acquisitions of equity securities and other investments and other assets (17,818) (2,595) (39,378) (57,514)
Disposals of equity securities and other investments, and other assets 21,738 3,165 14,543 7,280
Acquisitions of equity method investees (4,552) (663) (9,383) (18,661)
Disposals and distributions of equity method investees 1,001 146 936 2,538
Disposals of intellectual property rights and assets       369
Acquisitions of:        
Land use rights, property and equipment (34,330) (4,999) (53,309) (41,450)
Intangible assets (22) (3) (15) (1,735)
Disposals of property and equipment 644 94    
Cash paid for business combinations, net of cash acquired (1,204) (175) (4,087) (19,137)
Deconsolidation and disposal of subsidiaries, net of cash proceeds (5) (1) (11) (126)
Loans to employees, net of repayments (360) (52) (456) (129)
Net cash used in investing activities (135,506) (19,731) (198,592) (244,194)
Cash flows from financing activities:        
Issuance of ordinary shares 11 2 109 175
Repurchase of ordinary shares (74,746) (10,884) (61,225) (773)
Acquisition of additional equity interests in non-wholly owned subsidiaries (2,511) (366) (7,406) (11,218)
Dividends paid by non-wholly owned subsidiaries to noncontrolling interests (489) (71) (881) (471)
Contingent consideration payments made after a business combination (144) (21)    
Capital injection from noncontrolling interests 918 133 12,240 11,020
Proceeds from bank borrowings and other borrowings, net of upfront fee payment for a syndicated loan 22,790 3,319 9,427 6,402
Repayment of bank borrowings (11,448) (1,667) (7,128) (7,061)
Proceeds from unsecured senior notes, net of debt issuance cost       32,008
Repayment of unsecured senior notes     (9,585)  
Net cash provided by (used in) financing activities (65,619) (9,555) (64,449) 30,082
Effect of exchange rate changes on cash and cash equivalents, restricted cash and escrow receivables 3,530 514 (8,834) (7,187)
Increase (Decrease) in cash and cash equivalents, restricted cash and escrow receivables 2,157 314 (129,116) 10,487
Cash and cash equivalents, restricted cash and escrow receivables at beginning of year 227,353 33,105 356,469 345,982
Cash and cash equivalents, restricted cash and escrow receivables at end of year 229,510 33,419 227,353 356,469
Supplemental disclosures of cash flow information:        
Payment of income tax 26,476   31,733 20,898
Payment of interest 5,637   4,886 4,101
Business combinations:        
Cash paid for business combinations (1,254)   (5,282) (27,014)
Cash acquired in business combinations 50   1,195 7,877
Cash paid for business combinations, net of cash acquired ¥ (1,204) $ (175) ¥ (4,087) ¥ (19,137)