Bilibili Inc. (BILI) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 | Q4'20 | Q3'20 |
|---|
| Cash from Operations | 1.99B | 1.3B | 0 | 0 | 1.75B | 637.7M | 0 | 0 | -21.18M | -629.98M | -707.26M | -1.1B | 256.7M | 0 | -622.73M | 0 | 0 | 0 | 414.78M | 0 |
| Operating CF Margin % | 27.11% | 18.59% | - | - | 28.57% | 11.26% | - | - | -0.4% | -12.43% | -11.51% | -18.98% | 5.23% | - | -10.77% | - | - | - | 10.8% | - |
| Operating CF Growth % | 13.64% | 104.19% | - | - | 8364.67% | 201.23% | 100% | 100% | -108.25% | - | -13.57% | - | - | - | -250.13% | - | - | -100% | - | - |
| Net Income | 219M | -9.1M | 89.96M | -79.52M | -608.7M | -748.54M | -1.3B | -1.35B | -1.55B | -627.69M | -1.5B | -1.72B | -2.01B | -2.28B | -2.1B | -2.68B | -1.12B | -903.55M | -843.71M | -1.08B |
| Depreciation & Amortization | -461.08M | 534.47M | 0 | 0 | 624.4M | 666.16M | 0 | 0 | 0 | 0 | 895.24M | 940.72M | 0 | 0 | 766.57M | 0 | 0 | 0 | 635.05M | 0 |
| Stock-Based Compensation | 284.85M | 290.76M | 295.04M | 297.11M | 259.48M | 264.59M | 267.06M | 304.04M | 300.81M | 260.73M | 254.79M | 251.33M | 256.7M | 277.86M | 307.47M | 238.44M | 239.51M | 214.4M | 147.36M | 96.37M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -12.86M | -5.63M | 0 | 0 | -16.95M | 0 | 0 | 0 | -6.53M | 0 |
| Other Non-Cash Items | 2.18B | 250.74M | -385M | -217.6M | 1.86B | 74.41M | 1.03B | 1.05B | 1.22B | -263.02M | 171.96M | -169.1M | 2.01B | 2B | 271.54M | 2.44B | 881.07M | 689.16M | 53.69M | 985.65M |
| Working Capital Changes | -235.22M | 235.22M | 0 | 0 | -381.09M | 381.09M | 0 | 0 | 0 | 0 | -519.35M | -400.89M | 0 | 0 | 144.4M | 0 | 0 | 0 | 428.92M | 0 |
| Change in Receivables | -215.35M | 215.35M | 0 | 0 | -254.74M | 254.74M | 0 | 0 | 0 | 0 | -59.1M | 103.34M | 0 | 0 | -72.51M | 0 | 0 | 0 | 97.59M | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -439.73M | 0 | 0 | -127.36M | 0 | 0 | 0 | -71.3M | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -366.02M | -140.49M | 0 | 0 | 358.89M | 0 | 0 | 0 | 402.2M | 0 |
| Cash from Investing | -4.98B | -2.2B | 0 | 0 | -3.94B | 761.97M | 0 | 0 | 0 | 0 | 8.22B | 3.04B | 0 | 0 | -12.48B | 0 | 0 | 0 | -1.38B | 0 |
| Capital Expenditures | 35.7M | -35.7M | 0 | 0 | 0 | -93.05M | 0 | 0 | 0 | 0 | -519.01M | -1.15B | 0 | 0 | -1.07B | 0 | 0 | 0 | -860.73M | 0 |
| CapEx % of Revenue | 0.49% | 0.51% | - | - | 1.52% | 1.64% | - | - | - | - | 8.45% | 19.79% | - | - | 18.48% | - | - | - | 22.41% | - |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 560.8M | -35.13M | 0 | 0 | -291.21M | 0 | 0 | 0 | -83.05M | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -5.02B | -2.17B | 0 | 0 | -3.94B | -59.91M | 0 | 0 | 0 | 0 | 41.18M | 7.84M | 0 | 0 | 79.7M | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | 4.05B | 250.78M | 0 | 0 | -107.5M | -2.54B | 0 | 0 | 0 | 0 | -2.79B | -110.55M | 0 | 0 | 10.34B | 0 | 0 | 0 | -32.73M | 0 |
| Debt Issued (Net) | 4.77B | 249M | 0 | 0 | 0 | -3.05B | 0 | 0 | 0 | 0 | -2.79B | -110.55M | 0 | 0 | 10.38B | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | -2.26M | 0 | 0 | 0 | -1K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -2.26M | 0 | 0 | 0 | -1K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -717.21M | 1.78M | 0 | 0 | -107.5M | 504.77M | 0 | 0 | 0 | 0 | 1K | 1K | 0 | 0 | -46.06M | 0 | 0 | 0 | -32.73M | 0 |
| Net Change in Cash | 1.07B | -580.32M | 0 | 0 | -2.3B | -1.15B | 0 | 0 | -21.18M | -629.98M | 4.72B | 1.97B | 256.7M | 0 | -2.95B | 0 | 0 | 0 | -1.25B | 0 |
| Free Cash Flow | 2.02B | 1.27B | 0 | 0 | 1.84B | 544.65M | 0 | 0 | -21.18M | -629.98M | -1.23B | -2.25B | 256.7M | 0 | -1.69B | 0 | 0 | 0 | -445.95M | 0 |
| FCF Margin % | 27.6% | 18.08% | - | - | 30.09% | 9.62% | - | - | -0.4% | -12.43% | -19.96% | -38.77% | 5.23% | - | -29.25% | - | - | - | -11.61% | - |
| FCF Growth % | 9.84% | 132.52% | - | - | 8803.97% | 186.46% | 100% | 100% | -108.25% | - | 27.48% | - | - | - | -279.18% | - | - | -100% | - | - |
| FCF per Share | 4.63 | 3.01 | - | - | 4.43 | 1.31 | - | - | -0.05 | -1.53 | -3.10 | -5.69 | 0.65 | - | -4.32 | - | - | - | -1.26 | - |
| FCF Conversion (FCF/Net Income) | 9.08x | -143.06x | - | - | -2.88x | -0.85x | - | - | 0.01x | 1.00x | 0.47x | 0.64x | -0.13x | - | 0.30x | - | - | - | -0.50x | - |
| Interest Paid | 27.54M | 24.61M | 0 | 0 | 0 | 14.7M | 0 | 0 | 0 | 0 | 72.02M | 0 | 0 | 0 | 38.56M | 0 | 0 | 0 | 35.92M | 0 |
| Taxes Paid | 25.38M | 24.41M | 0 | 0 | 0 | 33.86M | 0 | 0 | 0 | 0 | 23.25M | 0 | 0 | 0 | 17.48M | 0 | 0 | 0 | -150K | 0 |