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)
|