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CONSOLIDATED STATEMENTS OF CASH FLOWS
¥ in Millions, $ in Millions
12 Months Ended
Mar. 31, 2022
CNY (¥)
Mar. 31, 2022
USD ($)
Mar. 31, 2021
CNY (¥)
Mar. 31, 2020
CNY (¥)
Cash flows from operating activities:        
Net income ¥ 47,079 $ 7,427 ¥ 143,284 ¥ 140,350
Adjustments to reconcile net income to net cash provided by operating activities:        
Revaluation (gain) loss on previously held equity interest 2   (8,759) (1,538)
(Gain) Loss on disposals of equity method investees 32 5 (644) (1)
Loss (Gain) related to equity securities and other investments 20,479 3,230 (57,930) 4,439
Change in fair value of other assets and liabilities 1,478 233 250 1,661
Gain in relation to the receipt of the 33% equity interest in Ant Group Co., Ltd. ("Ant Group") (Note 4(k))       (71,561)
Gain on disposals of subsidiaries (1,163) (183) (383) (10,042)
Depreciation and impairment of property and equipment, and operating lease cost relating to land use rights 27,808 4,386 26,389 20,523
Amortization of intangible assets and licensed copyrights 20,257 3,195 21,520 21,904
Share-based compensation expense 23,971 3,782 50,120 31,742
Impairment of equity securities and other investments, and other assets 8,922 1,407 7,481 13,256
Impairment of goodwill, intangible assets and licensed copyrights 25,886 4,083 1,688 4,104
(Gain) Loss on disposals of property and equipment 132 21 75 (24)
Amortization of restructuring reserve       97
Share of results of equity method investees (14,344) (2,263) (6,984) 5,733
Deferred income taxes (1,369) (216) 3,236 (3,443)
Allowance for doubtful accounts 1,739 275 1,935 1,989
Changes in assets and liabilities, net of effects of acquisitions and disposals:        
Prepayments, receivables and other assets, and long-term licensed copyrights (Note 2(x)) (32,496) (5,126) (43,611) (43,386)
Income tax payable (3,526) (556) 4,026 2,538
Accrued expenses, accounts payable and other liabilities 13,327 2,103 74,554 51,474
Merchant deposits (270) (43) 1,377 2,878
Deferred revenue and customer advances 4,815 760 14,162 7,914
Net cash provided by operating activities 142,759 22,520 231,786 180,607
Cash flows from investing activities:        
Increase in short-term investments, net (106,984) (16,876) (114,826) (24,907)
Payments for settlement of forward exchange contracts (448) (71) (803) (193)
Acquisitions of equity securities and other investments and other assets (39,378) (6,212) (57,514) (29,944)
Disposals of equity securities and other investments 14,543 2,294 7,280 18,798
Acquisitions of equity method investees (9,383) (1,480) (18,661) (24,488)
[Disposals, distributions and dividends] of equity method investees 936 148 2,538 78
Disposals of intellectual property rights and assets (Note 4(k))     369 12,648
Acquisitions of:        
Land use rights, property and equipment (53,309) (8,409) (41,450) (32,550)
Licensed copyrights (Note 2(x)) and other intangible assets (15) (2) (1,735) (12,836)
Cash paid for business combinations, net of cash acquired (4,087) (645) (19,137) (14,536)
Deconsolidation and disposal of subsidiaries, net of cash proceeds (11) (2) (126) (107)
Loans to employees, net of repayments (456) (72) (129) (35)
Net cash used in investing activities (198,592) (31,327) (244,194) (108,072)
Cash flows from financing activities:        
Issuance of ordinary shares 109 17 175 91,506
Repurchase of ordinary shares (61,225) (9,658) (773)  
Acquisition of additional equity interests in non-wholly owned subsidiaries (7,406) (1,168) (11,218) (15,402)
Dividends paid by non-wholly owned subsidiaries to noncontrolling interests (881) (139) (471) (278)
Capital injection from noncontrolling interests 12,240 1,931 11,020 11,049
Proceeds from bank borrowings, net of upfront fee payment for a syndicated loan 9,427 1,487 6,402 15,719
Repayment of bank borrowings (7,128) (1,125) (7,061) (15,943)
Proceeds from unsecured senior notes, net of debt issuance cost     32,008  
Repayment of unsecured senior notes (9,585) (1,512)   (15,798)
Net cash provided by (used in) financing activities (64,449) (10,167) 30,082 70,853
Effect of exchange rate changes on cash and cash equivalents, restricted cash and escrow receivables (8,834) (1,394) (7,187) 4,100
Increase (Decrease) in cash and cash equivalents, restricted cash and escrow receivables (129,116) (20,368) 10,487 147,488
Cash and cash equivalents, restricted cash and escrow receivables at beginning of year 356,469 56,232 345,982 198,494
Cash and cash equivalents, restricted cash and escrow receivables at end of year 227,353 35,864 356,469 345,982
Supplemental disclosures of cash flow information:        
Payment of income tax 31,733   20,898 21,474
Payment of interest 4,886   4,101 5,066
Business combinations:        
Cash paid for business combinations (5,282)   (27,014) (16,022)
Cash acquired in business combinations 1,195   7,877 1,486
Cash paid for business combinations, net of cash acquired ¥ (4,087) $ (645) ¥ (19,137) ¥ (14,536)