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CONSOLIDATED STATEMENTS OF CASH FLOWS
¥ in Millions, $ in Millions
12 Months Ended
Mar. 31, 2019
USD ($)
Mar. 31, 2019
CNY (¥)
Mar. 31, 2018
CNY (¥)
Mar. 31, 2017
CNY (¥)
Cash flows from operating activities:        
Net income $ 11,955 ¥ 80,234 ¥ 61,412 ¥ 41,226
Adjustments to reconcile net income to net cash provided by operating activities:        
Revaluation gain on previously held equity interest (4,498) (30,187) (24,436) (770)
Gain on disposals of equity investees (6) (42) (2,971) (536)
Realized and unrealized gain related to investment securities (2,396) (16,082) (70) (5,488)
Change in fair value of other assets and liabilities (212) (1,422) 1,415 (759)
Loss (Gain) on disposals of subsidiaries   4 (14) 35
Depreciation and amortization of property and equipment and land use rights 2,229 14,962 8,789 5,284
Amortization of intangible assets and licensed copyrights 3,295 22,118 13,231 9,008
Tax benefits from share-based awards       (1,369)
Share-based compensation expense 5,586 37,491 20,075 15,995
Impairment of cost method investees and investment securities 1,619 10,867 1,816 2,298
Impairment of goodwill and licensed copyrights 424 2,843 1,295 857
Loss (Gain) on disposals of property and equipment 8 55 (95) 34
Amortization of restructuring reserve 39 264 264 264
Share of results of equity investees (84) (566) 20,792 5,027
Deferred income taxes (327) (2,197) 976 281
Allowance for doubtful accounts 57 383 601 1,680
Changes in assets and liabilities, net of effects of acquisitions and disposals:        
Prepayments, receivables and other assets (1,517) (10,185) (14,765) (8,237)
Income tax payable 456 3,060 6,610 4,698
Escrow money payable 774 5,197 643 2,528
Accrued expenses, accounts payable and other liabilities 3,629 24,355 23,158 5,312
Merchant deposits 177 1,184 1,389 875
Deferred revenue and customer advances 1,288 8,639 5,690 4,611
Net cash provided by operating activities 22,496 150,975 125,805 82,854
Cash flows from investing activities:        
Decrease (Increase) in short-term investments, net 1,196 8,028 (730) 5,761
Decrease in trading securities, net       468
Payments for settlement of forward exchange contracts (3) (15) (582) (256)
Acquisitions of investment securities (10,799) (72,472) (11,872) (4,677)
Disposals of investment securities 1,499 10,057 7,223 4,354
Acquisitions of equity investees (1,767) (11,860) (53,742) (39,429)
Disposals of equity investees 42 282 6,185 4,941
Acquisitions of:        
Land use rights and construction in progress relating to office campus (468) (3,146) (4,027) (5,326)
Other property and equipment (4,818) (32,336) (15,601) (5,680)
Licensed copyrights and other intangible assets (2,110) (14,161) (10,208) (6,540)
Cash paid for business combinations, net of cash acquired (5,280) (35,434) (515) (33,448)
Deconsolidation and disposal of subsidiaries, net of cash proceeds (2) (10) (27) 250
Loans to employees, net of repayments 1 7 132 3
Net cash used in investing activities (22,509) (151,060) (83,764) (79,579)
Cash flows from financing activities:        
Issuance of ordinary shares 53 354 399 14,607
Repurchase of ordinary shares (1,620) (10,872)   (13,182)
Acquisition of additional equity interests in non-wholly owned subsidiaries (167) (1,123) (13,627)  
Payment for settlement of contingent consideration     (770)  
Subscription of rights for Partner Capital Investment Plan       87
Dividends paid by non-wholly owned subsidiaries to noncontrolling interests (34) (226) (112) (163)
Capital injection from noncontrolling interests 1,297 8,706 1,124 1,543
Tax benefits from share-based awards       689
Proceeds from bank borrowings and other borrowings 1,806 12,116 26,824 96,677
Repayment of bank borrowings (2,436) (16,347) (30,414) (67,344)
Proceeds from unsecured senior notes     45,817  
Repayment of unsecured senior notes     (8,602)  
Upfront fee payment for a revolving credit facility     (280)  
Net cash provided by (used in) financing activities (1,101) (7,392) 20,359 32,914
Effect of exchange rate changes on cash and cash equivalents, restricted cash and escrow receivables 484 3,245 (6,065) 2,038
Increase (Decrease) in cash and cash equivalents, restricted cash and escrow receivables (630) (4,232) 56,335 38,227
Cash and cash equivalents, restricted cash and escrow receivables at beginning of year 30,207 202,726 146,391 108,164
Cash and cash equivalents, restricted cash and escrow receivables at end of year 29,577 198,494 202,726 146,391
Supplemental disclosures of cash flow information:        
Payment of income taxes   15,713 10,058 9,652
Payment of interest   4,972 2,884 2,465
Business combinations:        
Cash paid for business combinations   (48,206) (17,300) (41,836)
Cash acquired in business combinations   12,772 16,785 8,388
Cash paid for business combinations, net of cash acquired $ (5,280) ¥ (35,434) ¥ (515) ¥ (33,448)