Vipshop Holdings Limited
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $1.04B | $1.07B | $1.16B | $915.1M | $736.4M | $907.2M | $572.6M | $310.3M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | $218.3M | $194.3M | $183.0M | $178.5M | $172.1M | $148.7M | $119.3M | $112.0M |
| Amortization | $540.0K | $518.0K | $532.0K | $472.0K | $1.9M | $5.6M | $2.3M | $7.0M |
| Stock-Based Compensation | $247.5M | $210.7M | $212.7M | $175.1M | $158.5M | $145.8M | $98.8M | $97.6M |
| Net Cash from Operating Activities | $1.07B | $1.25B | $2.03B | $1.53B | $1.06B | $1.81B | $1.77B | $835.7M |
| Investing Activities | ||||||||
| Capital Expenditures | $284.0M | $373.1M | $305.2M | $352.4M | $428.8M | $342.9M | $474.5M | $366.5M |
| Business Acquisitions | — | — | — | $56.2M | $23.4M | $87.3M | $394.9M | — |
| Net Cash from Investing Activities | $-1.19B | $-488.5M | $-726.8M | $152.1M | $-365.1M | $-1.03B | $-1.18B | $-973.6M |
| Financing Activities | ||||||||
| Dividends Paid | $256.7M | — | — | — | — | — | — | — |
| Stock Repurchases | $706.5M | $529.6M | $719.3M | $907.3M | $304.2M | — | — | — |
| Net Cash from Financing Activities | $-276.8M | $-680.8M | $-865.6M | $-808.1M | $-9.2M | $-3.2M | $-898.7M | $85.4M |
| Net Change in Cash | $-404.9M | $90.0M | $449.9M | $860.1M | $684.2M | $780.4M | $-333.1M | $-26.7M |
| Free Cash Flow | $782.0M | $877.6M | $1.73B | $1.17B | $629.6M | $1.47B | $1.29B | $469.2M |