NETEASE, INC.
Balance Sheet
| Line Item | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $6.74B | $7.04B | $3.02B | $3.61B | $2.28B | $1.40B | $466.3M | $783.8M |
| Accounts Receivable | $763.3M | $776.7M | $904.6M | $725.3M | $864.3M | $701.4M | $598.9M | $623.7M |
| Inventory | $98.6M | $78.3M | $97.9M | $144.1M | $151.4M | $95.2M | $93.4M | $729.8M |
| Total Current Assets | $25.83B | $21.01B | $20.10B | $19.08B | $17.75B | $16.53B | $12.22B | $9.99B |
| Property, Plant & Equipment | $1.20B | $1.17B | $1.14B | $919.6M | $852.7M | $698.1M | $663.9M | $782.3M |
| Goodwill | $1.86B | $1.86B | $1.86B | $2.17B | $595.3M | $318.9M | — | — |
| Intangible Assets (Excl. Goodwill) | — | — | — | — | — | — | — | — |
| Total Assets | $31.66B | $26.85B | $26.19B | $25.05B | $24.11B | $21.74B | $16.11B | $12.65B |
| Liabilities | ||||||||
| Accounts Payable | $92.0M | $98.7M | $124.1M | $218.5M | $154.6M | $173.9M | $174.1M | $346.9M |
| Total Current Liabilities | $7.49B | $6.80B | $7.58B | $8.24B | $7.92B | $7.16B | $5.49B | $5.11B |
| Long-Term Debt | — | $58.6M | $60.3M | $529.9M | $200.1M | — | — | — |
| Total Liabilities | $8.05B | $7.33B | $8.15B | $9.26B | $8.51B | $7.37B | $5.61B | $5.17B |
| Stockholders' Equity | ||||||||
| Retained Earnings | $21.41B | $17.86B | $15.81B | $13.20B | $12.16B | $9.83B | $8.10B | $6.40B |
| Total Stockholders' Equity | $22.92B | $19.00B | $17.51B | $15.18B | $14.96B | $12.59B | $8.83B | $6.58B |