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CONSOLIDATED STATEMENTS OF CASH FLOWS
¥ in Millions, $ in Millions
12 Months Ended
Mar. 31, 2020
CNY (¥)
Mar. 31, 2020
USD ($)
Mar. 31, 2019
CNY (¥)
Mar. 31, 2018
CNY (¥)
Cash flows from operating activities:        
Net income ¥ 140,350 $ 19,821 ¥ 80,234 ¥ 61,412
Adjustments to reconcile net income to net cash provided by operating activities:        
Revaluation gain on previously held equity interest (1,538) (217) (30,187) (24,436)
Gain on disposals of equity investees (1)   (42) (2,971)
Realized and unrealized (gain) loss related to investment securities 4,439 627 (16,082) (70)
Change in fair value of other assets and liabilities 1,661 235 (1,422) 1,415
Gain in relation to the receipt of the 33% equity interest in Ant Group (Note 4(l)) (71,561) (10,106)    
(Gain) Loss on disposals of subsidiaries (10,042) (1,418) 4 (14)
Depreciation of property and equipment, and operating lease cost relating to land use rights 20,523 2,899 14,962 8,789
Amortization of intangible assets and licensed copyrights 21,904 3,093 22,118 13,231
Share-based compensation expense 31,742 4,483 37,491 20,075
Impairment of cost method investees, investment securities and other assets 13,256 1,872 10,867 1,816
Impairment of goodwill, intangible assets and licensed copyrights 4,104 579 2,843 1,295
(Gain) Loss on disposals of property and equipment (24) (3) 55 (95)
Amortization of restructuring reserve 97 14 264 264
Share of results of equity investees 5,733 810 (566) 20,792
Deferred income taxes (3,443) (486) (2,197) 976
Allowance for doubtful accounts 1,989 281 383 601
Changes in assets and liabilities, net of effects of acquisitions and disposals:        
Prepayments, receivables and other assets (43,386) (6,128) (10,185) (14,765)
Income tax payable 2,538 358 3,060 6,610
Escrow money payable (5,216) (737) 5,197 643
Accrued expenses, accounts payable and other liabilities 56,690 8,006 24,355 23,158
Merchant deposits 2,878 406 1,184 1,389
Deferred revenue and customer advances 7,914 1,118 8,639 5,690
Net cash provided by operating activities 180,607 25,507 150,975 125,805
Cash flows from investing activities:        
(Increase) Decrease in short-term investments, net (24,907) (3,518) 8,028 (730)
Payments for settlement of forward exchange contracts (193) (27) (15) (582)
Acquisitions of investment securities (29,944) (4,229) (72,472) (11,872)
Disposals of investment securities 18,798 2,655 10,057 7,223
Acquisitions of equity investees (24,488) (3,458) (11,860) (53,742)
Disposals of equity investees 78 11 282 6,185
Disposals of intellectual property rights and assets (Note 4(l)) 12,648 1,786    
Acquisitions of:        
Land use rights and construction in progress relating to office campuses (7,888) (1,114) (3,146) (4,027)
Other property and equipment (24,662) (3,483) (32,336) (15,601)
Licensed copyrights and other intangible assets (12,836) (1,813) (14,161) (10,208)
Cash paid for business combinations, net of cash acquired (14,536) (2,053) (35,434) (515)
Deconsolidation and disposal of subsidiaries, net of cash proceeds (107) (15) (10) (27)
Loans to employees, net of repayments (35) (5) 7 132
Net cash used in investing activities (108,072) (15,263) (151,060) (83,764)
Cash flows from financing activities:        
Issuance of ordinary shares 91,506 12,923 354 399
Repurchase of ordinary shares     (10,872)  
Acquisition of additional equity interests in non-wholly owned subsidiaries (15,402) (2,175) (1,123) (13,627)
Payment for settlement of contingent consideration       (770)
Dividends paid by non-wholly owned subsidiaries to noncontrolling interests (278) (39) (226) (112)
Capital injection from noncontrolling interests 11,049 1,560 8,706 1,124
Proceeds from bank and other borrowings 15,788 2,230 12,116 26,824
Repayment of bank borrowings (15,943) (2,252) (16,347) (30,414)
Proceeds from unsecured senior notes       45,817
Repayment of unsecured senior notes (15,798) (2,231)   (8,602)
Upfront fee payment for a revolving credit facility and syndicated loan (69) (10)   (280)
Net cash provided by (used in) financing activities 70,853 10,006 (7,392) 20,359
Effect of exchange rate changes on cash and cash equivalents, restricted cash and escrow receivables 4,100 579 3,245 (6,065)
Increase (Decrease) in cash and cash equivalents, restricted cash and escrow receivables 147,488 20,829 (4,232) 56,335
Cash and cash equivalents, restricted cash and escrow receivables at beginning of year 198,494 28,033 202,726 146,391
Cash and cash equivalents, restricted cash and escrow receivables at end of year 345,982 48,862 198,494 202,726
Supplemental disclosures of cash flow information:        
Payment of income tax 21,474   15,713 10,058
Payment of interest 5,066   4,972 2,884
Business combinations:        
Cash paid for business combinations (16,022)   (48,206) (17,300)
Cash acquired in business combinations 1,486   12,772 16,785
Cash paid for business combinations, net of cash acquired ¥ (14,536) $ (2,053) ¥ (35,434) ¥ (515)