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NetEase (NTES) Financials

NetEase logo
$108.97 -0.83 (-0.76%)
Closing price 04:00 PM Eastern
Extended Trading
$109.76 +0.80 (+0.73%)
As of 07:34 PM Eastern
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Annual Income Statements for NetEase

Annual Income Statements for NetEase

This table shows NetEase's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 765 1,025 1,664 1,643 895 3,076 1,855 2,645 2,949 4,143 4,069
Consolidated Net Income / (Loss)		 771 1,041 1,691 1,665 943 3,077 1,896 2,664 2,877 4,135 4,145
Net Income / (Loss) Continuing Operations		 771 1,041 1,691 1,793 1,254 1,934 1,896 2,664 2,786 4,135 4,145
Total Pre-Tax Income 		878 1,235 1,992 2,124 1,612 2,352 2,364 3,312 3,516 4,797 4,893
Total Operating Income		 766 1,107 1,811 1,994 1,452 1,980 2,236 2,576 2,846 3,903 4,053
Total Gross Profit		 1,359 2,041 3,106 3,843 3,980 4,531 5,996 7,371 7,650 8,882 9,016
Total Revenue		 1,883 3,472 5,474 6,819 7,449 8,506 11,330 13,747 13,991 14,573 14,425
Operating Revenue		 1,883 3,472 5,474 6,819 7,449 8,506 11,330 13,747 13,991 14,573 14,425
Total Cost of Revenue		 524 1,431 2,368 2,976 3,469 3,975 5,335 6,377 6,340 5,691 5,410
Operating Cost of Revenue		 524 1,431 2,368 2,976 3,469 3,975 5,335 6,377 6,340 5,691 5,410
Total Operating Expenses		 593 934 1,296 1,849 2,528 2,551 3,760 4,795 4,804 4,980 4,963
Selling, General & Admin Expense		 75 154 216 365 448 449 519 669 681 690 623
Marketing Expense		 305 450 643 845 1,006 893 1,646 1,917 1,943 1,968 1,938
Research & Development Expense		 213 329 437 639 1,074 1,208 1,595 2,209 2,180 2,322 2,401
Total Other Income / (Expense), net		 111 128 182 130 160 372 128 736 662 894 840
Interest & Investment Income		 101 100 106 158 82 188 494 701 312 764 723
Other Income / (Expense), net		 10 27 75 -28 78 185 -365 35 351 130 117
Income Tax Expense		 107 194 301 331 358 418 468 648 730 662 748
Net Income / (Loss) Discontinued Operations		 - - - -128 -311 1,143 0.00 0.00 91 0.00 0.00
Preferred Stock Dividends Declared		 - - 0.00 0.00 36 39 121 84 0.43 0.51 0.54
Net Income / (Loss) Attributable to Noncontrolling Interest		 6.28 15 27 22 11 -11 -80 -66 -72 -13 76
Basic Earnings per Share		 $1.46 $2.05 $3.54 $12.98 $11.41 $6.59 $21.90 $30.41 $6.23 $15.59 $1.27
Weighted Average Basic Shares Outstanding		 3.40B 3.42B 3.41B 3.42B 3.88B 3.22B 3.97B 3.99B 3.26B 3.86B 3.20B
Diluted Earnings per Share		 $1.45 $2.04 $3.51 $0.50 $11.34 $6.53 $3.60 $5.01 $6.17 $15.42 $1.26
Weighted Average Diluted Shares Outstanding		 3.41B 3.44B 3.44B 3.45B 3.91B 3.25B 4.02B 4.04B 3.30B 3.90B 3.23B
Weighted Average Basic & Diluted Shares Outstanding		 3.27B 3.29B 3.28B 3.28B 3.20B 3.23B 3.35B 3.27B 3.22B 3.21B 3.17B

Quarterly Income Statements for NetEase

No quarterly income statements for NetEase are available.

Annual Cash Flow Statements for NetEase

This table details how cash moves in and out of NetEase's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 91 617 216 -350 221 -547 888 817 1,481 -476 4,147
Net Cash From Operating Activities		 944 1,230 2,221 1,824 1,953 2,472 3,828 3,912 4,017 4,976 5,436
Net Cash From Continuing Operating Activities		 944 1,230 2,221 2,281 2,134 2,428 3,828 0.00 0.00 0.00 0.00
Net Income / (Loss) Continuing Operations		 771 1,041 1,691 1,793 1,254 1,934 1,896 2,664 2,786 4,135 4,145
Consolidated Net Income / (Loss)		 771 1,041 1,691 1,665 943 3,077 1,896 2,664 2,877 4,135 4,145
Net Income / (Loss) Discontinued Operations		 - - - -128 -311 1,143 - 0.00 91 0.00 0.00
Depreciation Expense		 28 28 47 121 300 375 532 514 414 430 331
Non-Cash Adjustments To Reconcile Net Income		 61 80 95 332 347 149 652 169 239 340 415
Changes in Operating Assets and Liabilities, net		 84 81 388 35 233 -30 747 564 578 71 544
Net Cash From Investing Activities		 -727 -386 -1,701 -1,973 -1,975 -3,178 -4,490 -1,111 -1,069 -2,401 2,455
Net Cash From Continuing Investing Activities		 -727 -386 -1,701 -2,448 -2,183 -3,059 -4,490 -1,111 -1,069 -2,401 2,455
Purchase of Property, Plant & Equipment		 -86 -132 -163 -254 -316 -174 -162 -251 -305 -324 -175
Acquisitions		 - -0.05 -53 -158 -694 -529 -714 -1,263 -822 -677 -279
Purchase of Investments		 -407 -1,074 -1,784 -1,917 -1,949 -3,212 -3,061 -2,399 -863 0.00 -1,128
Sale of Property, Plant & Equipment		 0.24 0.20 0.30 0.68 0.97 8.70 2.70 11 6.01 1.45 1.99
Sale and/or Maturity of Investments		 3,404 3,875 3,234 5,700 7,543 10,565 13,435 15,416 14,962 16,200 25,296
Other Investing Activities, net		 -3,637 -3,056 -2,971 -5,369 -6,494 -11,073 -14,101 -12,800 -14,397 -17,622 -21,262
Net Cash From Financing Activities		 -125 -249 -323 -200 231 155 1,525 -1,975 -1,484 -3,024 -3,745
Net Cash From Continuing Financing Activities		 -125 -249 -323 -200 231 155 1,525 -1,975 -1,484 -3,024 -3,745
Repayment of Debt		 -157 -874 0.00 0.00 -2.73 -43 447 -430 -224 -3,081 -2,931
Repurchase of Common Equity		 0.00 -20 -172 0.00 -114 0.00 -1,839 -2,026 -1,207 -737 -1,210
Payment of Dividends		 -319 -223 -365 -500 -238 -1,269 -658 -665 -975 -1,129 -1,530
Issuance of Debt		 329 887 214 476 907 469 175 698 927 1,911 1,907
Other Financing Activities, net		 0.47 - - -316 -1,094 1.53 3,370 -2.17 0.00 0.00 19
Effect of Exchange Rate Changes		 -1.81 22 19 -1.96 12 4.18 25 -8.69 16 -29 1.47
Cash Interest Paid		 - - 4.47 13 44 62 38 29 85 110 67
Cash Income Taxes Paid		 89 171 157 415 292 459 315 557 738 690 711

Quarterly Cash Flow Statements for NetEase

No quarterly cash flow statements for NetEase are available.

Annual Balance Sheets for NetEase

This table presents NetEase's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 4,881 6,266 8,321 10,899 12,658 16,098 21,821 24,110 25,048 26,187 26,851
Total Current Assets		 4,459 5,239 7,081 9,506 10,002 12,219 16,585 17,751 19,081 20,098 21,005
Cash & Equivalents		 325 924 780 424 724 466 1,402 2,275 3,609 3,018 7,039
Restricted Cash		 423 334 498 909 683 452 469 451 391 391 423
Short-Term Investments		 331 763 1,661 1,495 1,699 2,199 2,041 1,927 1,105 625 1,474
Accounts Receivable		 140 398 610 555 583 599 704 864 725 905 777
Inventories, net		 4.54 125 226 840 155 93 91 151 144 98 78
Prepaid Expenses		 229 410 530 586 571 692 935 979 790 856 879
Plant, Property, & Equipment, net		 206 319 347 578 680 664 700 853 920 1,137 1,167
Total Noncurrent Assets		 216 709 893 815 1,977 3,216 4,536 5,506 17,364 19,157 15,014
Long-Term Investments		 61 451 282 412 763 1,334 1,801 2,951 2,689 3,068 2,768
Noncurrent Deferred & Refundable Income Taxes		 3.40 3.76 80 126 155 130 167 204 215 220 153
Other Noncurrent Operating Assets		 152 254 530 277 917 1,751 2,567 2,352 14,461 15,869 12,093
Total Liabilities & Shareholders' Equity		 4,881 6,266 8,321 10,899 12,658 16,098 21,821 24,110 25,048 26,187 26,851
Total Liabilities		 1,104 1,802 2,806 3,680 5,175 5,611 7,395 8,508 9,263 8,147 7,329
Total Current Liabilities		 1,086 1,776 2,750 3,644 5,110 5,491 7,189 7,925 8,239 7,584 6,804
Short-Term Debt		 330 346 547 1,016 1,988 2,444 3,051 3,089 3,462 2,710 1,641
Accounts Payable		 66 107 200 375 175 174 174 155 219 124 99
Accrued Expenses		 218 338 462 720 729 760 1,078 1,416 1,613 1,785 1,949
Current Deferred Revenue		 316 708 1,080 957 1,123 1,235 1,599 1,904 - - 2,096
Current Deferred & Payable Income Tax Liabilities		 70 137 247 240 329 453 659 712 408 362 378
Current Employee Benefit Liabilities		 86 140 214 336 407 425 544 649 686 684 642
Total Noncurrent Liabilities		 17 25 56 36 65 121 206 584 1,023 563 525
Long-Term Debt		 - - - - - - 0.00 200 530 60 59
Capital Lease Obligations		 - - - - 0.00 40 73 115 - - 57
Noncurrent Deferred & Payable Income Tax Liabilities		 0.00 12 56 33 57 55 110 211 308 324 298
Other Noncurrent Operating Liabilities		 17 13 0.03 2.80 7.12 25 23 57 185 179 112
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest		 21 - 0.00 94 784 1,500 1,661 23 20 16 12
Total Equity & Noncontrolling Interests		 3,756 4,464 5,515 7,125 6,699 8,987 12,766 15,579 15,765 18,024 19,510
Total Preferred & Common Equity		 3,761 4,452 5,476 7,017 6,584 8,823 12,632 14,959 15,185 17,505 19,000
Total Common Equity		 3,761 4,452 5,476 7,017 6,584 8,823 12,632 14,959 15,185 17,505 19,000
Common Stock		 198 271 235 269 0.38 562 4,281 5,950 3,314 3,184 1,351
Retained Earnings		 3,413 4,022 5,066 6,557 6,404 8,097 9,869 12,161 13,205 15,805 17,856
Treasury Stock		 - - - - - 0.00 -1,607 -3,217 - - -613
Accumulated Other Comprehensive Income / (Loss)		 0.00 4.18 8.82 5.61 2.48 -10 -100 -130 63 87 138
Other Equity Adjustments		 151 154 166 185 177 174 189 195 -1,397 -1,571 268
Noncontrolling Interest		 -5.18 13 39 108 116 164 134 620 581 519 510

Quarterly Balance Sheets for NetEase

No quarterly balance sheets for NetEase are available.

Annual Metrics and Ratios for NetEase

This table displays calculated financial ratios and metrics derived from NetEase's official financial filings.

Metric 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 24.09% 84.34% 57.69% 24.56% 9.25% 14.18% 33.21% 21.33% 1.77% 4.16% -1.01%
EBITDA Growth		 -4.35% 44.44% 66.32% 7.98% -12.33% 38.80% -5.41% 30.06% 15.56% 23.59% 0.87%
EBIT Growth		 -4.72% 46.08% 66.25% 4.23% -22.16% 41.47% -13.58% 39.55% 22.44% 26.15% 3.42%
NOPAT Growth		 4.90% 38.65% 64.66% 9.53% -32.90% 44.10% 10.19% 15.54% 8.84% 49.16% 2.05%
Net Income Growth		 5.11% 34.99% 62.45% -1.55% -43.37% 226.37% -38.37% 40.47% 8.00% 43.72% 0.25%
EPS Growth		 6.62% 40.69% 72.06% -85.88% -43.37% 226.37% -44.87% 39.17% 23.15% 149.92% -1.23%
Operating Cash Flow Growth		 9.28% 30.22% 80.60% -17.85% 7.04% 26.59% 54.86% 2.18% 2.71% 23.87% 9.23%
Free Cash Flow Firm Growth		 630.52% 294.08% -33.89% -145.57% 334.15% -266.01% 10.72% 257.84% -35.13% -2.07% 404.08%
Invested Capital Growth		 10.28% -21.23% 21.54% 75.83% 0.54% 68.86% 40.42% -4.26% 5.10% 14.40% -30.74%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 72.15% 58.78% 56.74% 56.36% 53.43% 53.27% 52.92% 53.62% 54.68% 60.95% 62.50%
EBITDA Margin		 42.72% 33.48% 35.31% 30.61% 24.57% 29.86% 21.21% 22.73% 25.81% 30.62% 31.21%
Operating Margin		 40.68% 31.89% 33.08% 29.24% 19.50% 23.28% 19.74% 18.74% 20.34% 26.78% 28.10%
EBIT Margin		 41.23% 32.68% 34.45% 28.83% 20.54% 25.45% 16.51% 18.99% 22.85% 27.67% 28.91%
Profit (Net Income) Margin		 40.94% 29.98% 30.89% 24.41% 12.66% 36.18% 16.74% 19.38% 20.56% 28.37% 28.73%
Tax Burden Percent		 87.86% 84.30% 84.87% 78.39% 58.48% 130.81% 80.21% 80.44% 81.83% 86.20% 84.71%
Interest Burden Percent		 113.02% 108.85% 105.64% 108.03% 105.37% 108.66% 126.38% 126.85% 110.00% 118.96% 117.33%
Effective Tax Rate		 12.14% 15.70% 15.13% 15.58% 22.21% 17.79% 19.79% 19.56% 20.75% 13.80% 15.29%
Return on Invested Capital (ROIC)		 23.79% 35.19% 59.35% 42.96% 22.55% 24.11% 17.59% 17.78% 19.29% 26.19% 29.35%
ROIC Less NNEP Spread (ROIC-NNEP)		 10.26% 27.86% 52.93% 43.72% 30.53% -40.78% 13.05% 0.17% 3.75% 7.24% 19.30%
Return on Net Nonoperating Assets (RNNOA)		 -2.09% -9.93% -25.46% -16.82% -9.73% 10.14% -2.37% -0.04% -0.96% -1.74% -7.28%
Return on Equity (ROE)		 21.70% 25.26% 33.89% 26.15% 12.82% 34.25% 15.22% 17.74% 18.33% 24.45% 22.07%
Cash Return on Invested Capital (CROIC)		 14.02% 58.93% 39.91% -12.02% 22.02% -27.11% -16.03% 22.13% 14.31% 12.76% 65.68%
Operating Return on Assets (OROA)		 17.39% 20.35% 25.86% 20.45% 12.99% 15.06% 9.87% 11.37% 13.00% 15.74% 15.73%
Return on Assets (ROA)		 17.27% 18.68% 23.18% 17.32% 8.00% 21.40% 10.00% 11.60% 11.71% 16.14% 15.63%
Return on Common Equity (ROCE)		 21.69% 25.17% 33.71% 25.65% 11.86% 29.36% 13.11% 16.30% 17.61% 23.63% 21.45%
Return on Equity Simple (ROE_SIMPLE)		 20.50% 23.38% 30.88% 23.72% 14.32% 34.87% 15.01% 17.81% 18.95% 23.62% 21.82%
Net Operating Profit after Tax (NOPAT)		 673 933 1,537 1,683 1,130 1,628 1,794 2,072 2,255 3,364 3,433
NOPAT Margin		 35.74% 26.88% 28.07% 24.69% 15.16% 19.14% 15.83% 15.07% 16.12% 23.08% 23.80%
Net Nonoperating Expense Percent (NNEP)		 13.53% 7.33% 6.42% -0.76% -7.98% 64.89% 4.55% 17.61% 15.54% 18.95% 10.05%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - - - 16.14%
Cost of Revenue to Revenue		 27.85% 41.22% 43.26% 43.64% 46.57% 46.73% 47.08% 46.38% 45.32% 39.05% 37.50%
SG&A Expenses to Revenue		 3.99% 4.45% 3.95% 5.36% 6.02% 5.28% 4.58% 4.87% 4.87% 4.74% 4.32%
R&D to Revenue		 11.30% 9.47% 7.98% 9.37% 14.42% 14.20% 14.08% 16.07% 15.59% 15.93% 16.64%
Operating Expenses to Revenue		 31.47% 26.89% 23.66% 27.11% 33.94% 29.99% 33.18% 34.88% 34.34% 34.17% 34.40%
Earnings before Interest and Taxes (EBIT)		 777 1,134 1,886 1,966 1,530 2,165 1,871 2,611 3,196 4,032 4,170
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 805 1,162 1,933 2,087 1,830 2,540 2,403 3,125 3,611 4,463 4,502
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 14.80 23.30 23.00 28.91 21.29 20.84 23.20 4.35 3.05 3.40 2.98
Price to Tangible Book Value (P/TBV)		 14.80 23.30 23.00 28.91 21.29 20.84 23.20 4.35 3.05 3.40 2.98
Price to Revenue (P/Rev)		 29.56 29.87 23.00 29.75 18.82 21.62 25.86 4.74 3.31 4.08 3.92
Price to Earnings (P/E)		 72.78 101.14 75.68 123.47 156.53 59.79 157.93 24.62 15.68 14.35 13.91
Dividend Yield		 3.32% 1.12% 1.53% 1.18% 0.78% 2.21% 1.02% 0.85% 2.15% 1.90% 2.77%
Earnings Yield		 1.37% 0.99% 1.32% 0.81% 0.64% 1.67% 0.63% 4.06% 6.38% 6.97% 7.19%
Enterprise Value to Invested Capital (EV/IC)		 18.49 43.46 43.40 40.21 27.71 21.65 24.54 5.40 3.59 4.06 4.93
Enterprise Value to Revenue (EV/Rev)		 29.14 29.26 22.52 29.46 18.68 21.58 25.79 4.48 3.08 3.82 3.27
Enterprise Value to EBITDA (EV/EBITDA)		 68.20 87.42 63.79 96.23 76.06 72.28 121.63 19.70 11.92 12.47 10.48
Enterprise Value to EBIT (EV/EBIT)		 70.66 89.56 65.37 102.17 90.97 84.81 156.20 23.58 13.47 13.81 11.31
Enterprise Value to NOPAT (EV/NOPAT)		 81.51 108.85 80.23 119.31 123.22 112.79 162.92 29.71 19.09 16.55 13.74
Enterprise Value to Operating Cash Flow (EV/OCF)		 58.11 82.62 55.52 110.09 71.28 74.27 76.34 15.74 10.71 11.19 8.68
Enterprise Value to Free Cash Flow (EV/FCFF)		 138.33 64.99 119.31 0.00 126.22 0.00 0.00 23.86 25.72 33.97 6.14
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.09 0.08 0.10 0.14 0.27 0.24 0.22 0.22 0.25 0.15 0.09
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.02 0.03 0.00 0.01
Financial Leverage		 -0.20 -0.36 -0.48 -0.38 -0.32 -0.25 -0.18 -0.22 -0.26 -0.24 -0.38
Leverage Ratio		 1.26 1.35 1.46 1.51 1.60 1.60 1.52 1.53 1.57 1.51 1.41
Compound Leverage Factor		 1.42 1.47 1.54 1.63 1.69 1.74 1.92 1.94 1.72 1.80 1.66
Debt to Total Capital		 8.03% 7.19% 9.03% 12.34% 20.99% 19.15% 17.80% 17.91% 20.18% 13.31% 8.25%
Short-Term Debt to Total Capital		 8.03% 7.19% 9.03% 12.34% 20.99% 18.84% 17.38% 16.25% 17.50% 13.02% 7.71%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.31% 0.42% 1.66% 2.68% 0.29% 0.54%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.40% 0.26% 0.64% 2.46% 9.50% 12.83% 10.23% 3.38% 3.04% 2.57% 2.45%
Common Equity to Total Capital		 91.58% 92.54% 90.33% 85.20% 69.51% 68.02% 71.98% 78.71% 76.78% 84.12% 89.30%
Debt to EBITDA		 0.41 0.30 0.28 0.49 1.09 0.98 1.30 1.09 1.11 0.62 0.39
Net Debt to EBITDA		 -1.01 -1.83 -1.38 -1.07 -1.03 -0.77 -1.08 -1.34 -1.05 -0.97 -2.21
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.02 0.03 0.10 0.15 0.01 0.03
Debt to NOPAT		 0.49 0.37 0.36 0.60 1.76 1.53 1.74 1.64 1.77 0.82 0.51
Net Debt to NOPAT		 -1.20 -2.28 -1.74 -1.32 -1.67 -1.21 -1.44 -2.03 -1.69 -1.29 -2.90
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.02 0.04 0.15 0.24 0.02 0.03
Altman Z-Score		 32.99 37.25 29.81 35.79 18.41 21.84 25.73 6.72 5.23 6.86 7.25
Noncontrolling Interest Sharing Ratio		 0.05% 0.35% 0.52% 1.89% 7.49% 14.26% 13.88% 8.12% 3.96% 3.36% 2.81%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 4.10 2.95 2.58 2.61 1.96 2.23 2.31 2.24 2.32 2.65 3.09
Quick Ratio		 0.73 1.17 1.11 0.68 0.59 0.59 0.58 0.64 0.66 0.60 1.37
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 397 1,563 1,033 -471 1,103 -1,831 -1,634 2,580 1,674 1,639 7,683
Operating Cash Flow to CapEx		 1,095.89% 933.72% 1,366.45% 720.53% 620.33% 1,498.55% 2,397.63% 1,628.87% 1,345.89% 1,542.01% 3,146.79%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.42 0.62 0.75 0.71 0.63 0.59 0.60 0.60 0.57 0.57 0.54
Accounts Receivable Turnover		 18.21 12.90 10.87 11.71 13.09 14.40 17.40 17.53 17.60 17.88 17.16
Inventory Turnover		 0.00 22.18 13.50 5.58 6.97 31.99 57.86 52.62 42.92 47.03 61.39
Fixed Asset Turnover		 10.76 13.24 16.45 14.74 11.84 12.66 16.62 17.71 15.79 14.17 12.52
Accounts Payable Turnover		 10.26 16.57 15.43 10.35 12.62 22.79 30.61 38.76 33.99 33.22 48.56
Days Sales Outstanding (DSO)		 20.04 28.30 33.59 31.18 27.88 25.34 20.98 20.82 20.74 20.41 21.27
Days Inventory Outstanding (DIO)		 0.00 16.46 27.03 65.40 52.36 11.41 6.31 6.94 8.50 7.76 5.95
Days Payable Outstanding (DPO)		 35.57 22.03 23.65 35.26 28.92 16.02 11.92 9.42 10.74 10.99 7.52
Cash Conversion Cycle (CCC)		 -15.53 22.73 36.98 61.32 51.32 20.74 15.36 18.34 18.50 17.19 19.70
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 2,968 2,338 2,841 4,995 5,022 8,481 11,909 11,401 11,983 13,708 9,573
Invested Capital Turnover		 0.67 1.31 2.11 1.74 1.49 1.26 1.11 1.18 1.20 1.13 1.23
Increase / (Decrease) in Invested Capital		 277 -630 503 2,154 27 3,458 3,428 -507 582 1,725 -4,250
Enterprise Value (EV)		 54,873 101,595 123,295 200,848 139,186 183,587 292,221 61,564 43,045 55,670 47,183
Market Capitalization		 55,666 103,709 125,930 202,870 140,169 183,891 293,017 65,121 46,247 59,467 56,609
Book Value per Share		 $1.16 $1.36 $1.67 $2.14 $2.01 $2.76 $3.91 $4.47 $4.64 $5.43 $5.92
Tangible Book Value per Share		 $1.16 $1.36 $1.67 $2.14 $2.01 $2.76 $3.91 $4.47 $4.64 $5.43 $5.92
Total Capital		 4,107 4,810 6,062 8,236 9,471 12,971 17,550 19,006 19,777 20,810 21,278
Total Debt		 330 346 547 1,016 1,988 2,484 3,124 3,404 3,992 2,770 1,756
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 40 73 315 530 60 115
Net Debt		 -810 -2,127 -2,674 -2,224 -1,882 -1,968 -2,590 -4,200 -3,802 -4,332 -9,948
Capital Expenditures (CapEx)		 86 132 163 253 315 165 160 240 298 323 173
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 2,624 1,787 1,940 4,049 3,773 6,055 8,533 8,262 9,198 11,190 6,906
Debt-free Net Working Capital (DFNWC)		 3,702 3,808 4,878 6,878 6,880 9,172 12,446 12,916 14,303 15,224 15,842
Net Working Capital (NWC)		 3,373 3,462 4,331 5,861 4,892 6,728 9,396 9,826 10,841 12,514 14,201
Net Nonoperating Expense (NNE)		 -98 -108 -154 19 187 -1,449 -103 -592 -622 -771 -712
Net Nonoperating Obligations (NNO)		 -810 -2,127 -2,674 -2,224 -2,461 -2,006 -2,517 -4,201 -3,802 -4,332 -9,948
Total Depreciation and Amortization (D&A)		 28 28 47 121 300 375 532 514 414 430 331
Debt-free, Cash-free Net Working Capital to Revenue		 139.31% 51.47% 35.43% 59.38% 50.65% 71.19% 75.31% 60.10% 65.74% 76.79% 47.87%
Debt-free Net Working Capital to Revenue		 196.59% 109.70% 89.11% 100.86% 92.35% 107.83% 109.85% 93.95% 102.23% 104.47% 109.82%
Net Working Capital to Revenue		 179.09% 99.73% 79.12% 85.96% 65.67% 79.10% 82.92% 71.48% 77.49% 85.87% 98.44%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.05 $0.06 $0.10 $0.10 $1.44 $6.05 $6.45 $9.05 $6.23 $15.59 $1.27
Adjusted Weighted Average Basic Shares Outstanding		 16.98B 16.42B 16.41B 16.45B 16.82B 16.75B 3.97B 3.99B 3.26B 3.86B 3.20B
Adjusted Diluted Earnings per Share		 $0.05 $0.06 $0.10 $0.10 $0.05 $6.00 $6.36 $5.01 $6.17 $15.42 $1.26
Adjusted Weighted Average Diluted Shares Outstanding		 17.04B 16.53B 16.54B 16.58B 16.92B 16.90B 4.02B 4.04B 3.30B 3.90B 3.23B
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 16.34B 16.43B 16.41B 16.42B 16.00B 16.14B 3.35B 3.27B 3.22B 3.21B 3.17B
Normalized Net Operating Profit after Tax (NOPAT)		 673 933 1,537 1,683 1,130 1,628 1,794 2,072 2,255 3,364 3,433
Normalized NOPAT Margin		 35.74% 26.88% 28.07% 24.69% 15.16% 19.14% 15.83% 15.07% 16.12% 23.08% 23.80%
Pre Tax Income Margin		 46.60% 35.57% 36.40% 31.14% 21.64% 27.66% 20.87% 24.09% 25.13% 32.92% 33.92%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 41.35% 21.47% 21.59% 30.03% 25.24% 41.25% 34.72% 24.97% 33.88% 27.30% 36.90%
Augmented Payout Ratio		 41.35% 23.40% 31.76% 30.03% 37.29% 41.25% 131.66% 101.02% 75.85% 45.13% 66.09%

Quarterly Metrics and Ratios for NetEase

No quarterly metrics and ratios for NetEase are available.

Frequently Asked Questions About NetEase's Financials

When does NetEase's fiscal year end?

According to the most recent income statement we have on file, NetEase's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has NetEase's net income changed over the last 10 years?

NetEase's net income appears to be on an upward trend, with a most recent value of $4.15 billion in 2024, rising from $771.12 million in 2014. The previous period was $4.13 billion in 2023. Find out what analysts predict for NetEase in the coming months.

What is NetEase's operating income?
NetEase's total operating income in 2024 was $4.05 billion, based on the following breakdown:
  • Total Gross Profit: $9.02 billion
  • Total Operating Expenses: $4.96 billion
How has NetEase revenue changed over the last 10 years?

Over the last 10 years, NetEase's total revenue changed from $1.88 billion in 2014 to $14.43 billion in 2024, a change of 665.9%.

How much debt does NetEase have?

NetEase's total liabilities were at $7.33 billion at the end of 2024, a 10.0% decrease from 2023, and a 564.2% increase since 2014.

How much cash does NetEase have?

In the past 10 years, NetEase's cash and equivalents has ranged from $325.04 million in 2014 to $7.04 billion in 2024, and is currently $7.04 billion as of their latest financial filing in 2024.

How has NetEase's book value per share changed over the last 10 years?

Over the last 10 years, NetEase's book value per share changed from 1.16 in 2014 to 5.92 in 2024, a change of 411.4%.


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This page (NASDAQ:NTES) was last updated on 5/6/2025 by MarketBeat.com Staff
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