NIO Inc. (NIO) 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 | -10.93B | 0 | 2.18B | 0 | -10.03B | 0 | 10.22B | 0 | -11.6B | 0 | -2.52B | 0 | -1.35B | 0 | 1.11B | -517.44M | 853.27M | 0 | 2.15B | 326.39M |
| Operating CF Margin % | -57.48% | - | 11.06% | - | -57.48% | - | 59.73% | - | -132.21% | - | -15.67% | - | -13.1% | - | 11.24% | -5.28% | 10.1% | - | 32.34% | 7.21% |
| Operating CF Growth % | -8.96% | - | -78.67% | - | 13.53% | - | 505.77% | - | -759.96% | - | -326.17% | 100% | -258.04% | - | -48.17% | -258.53% | 0.4% | 100% | 558.71% | 120.22% |
| Net Income | -12.03B | -6.89B | -12.27B | -5.14B | -10.38B | -5.26B | -10.22B | -4.63B | -10.93B | -4.8B | -9.99B | -4.14B | -4.57B | -1.83B | -5.04B | -2.86B | -5.53B | -4.87B | -1.39B | -1.19B |
| Depreciation & Amortization | 4.57B | 0 | 4.2B | 0 | 3.5B | 0 | 2.87B | 0 | 2.04B | 0 | 2.38B | 0 | 1.62B | 0 | 1.43B | 658.37M | 926.12M | 0 | 431.54M | 353.42M |
| Stock-Based Compensation | 897.11M | 489.29M | 1.14B | 647.06M | 792.16M | 281.41M | 1.17B | 603.55M | 1.2B | 589.4M | 1.33B | 610.04M | 963.54M | 473.04M | 662.28M | 0 | 347.86M | 96.48M | 60.2M | 49.24M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 1.1B | 6.4B | 10.87B | 4.49B | -4.53B | 4.98B | 9.97B | 4.03B | -5.63B | 4.21B | 8.91B | 3.53B | 2.55B | 1.35B | 4.22B | 2.73B | 8.99B | 4.78B | 524.06M | 1.28B |
| Working Capital Changes | -5.47B | 0 | -1.76B | 0 | 602.42M | 0 | 6.43B | 0 | 1.72B | 0 | -5.15B | 0 | -1.91B | 0 | -160.28M | -1.05B | -3.88B | 0 | 2.52B | -171.91M |
| Change in Receivables | 324.32M | 0 | 285.06M | 0 | 2.7B | 0 | 1B | 0 | -548.66M | 0 | -1.59B | 0 | -708.38M | 0 | -485.88M | -969.99M | -1.23B | 0 | 375.51M | -101.85M |
| Change in Inventory | -1.95B | 0 | -2.09B | 0 | 305.81M | 0 | 3.09B | 0 | -193.85M | 0 | -4.95B | 0 | -1.31B | 0 | 114.81M | 476.15M | -1.11B | 0 | -46.08M | -13.62M |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.4B | 0 |
| Cash from Investing | 516.8M | 0 | -5.79B | 0 | 827.19M | 0 | -13.1B | 0 | 2.22B | 0 | 1.85B | 0 | 8.53B | 0 | -13.38B | 5.25B | -26.38B | 0 | -1.41B | -3.07B |
| Capital Expenditures | -2.97B | 0 | -4.79B | 0 | -4.36B | 0 | -9.3B | 0 | -5.04B | 0 | -3.51B | 0 | -3.46B | 0 | -3.26B | -1.58B | -817.78M | 0 | -175.33M | -379.82M |
| CapEx % of Revenue | 15.6% | - | 24.29% | - | 24.97% | - | 54.39% | - | 57.44% | - | 21.85% | - | 33.65% | - | 32.94% | 16.08% | 9.68% | - | 2.64% | 8.39% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.67M | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 3.48B | 0 | -999.69M | 0 | 5.18B | 0 | -3.8B | 0 | 7.26B | 0 | 5.36B | 0 | 11.99B | 0 | -10.12B | 6.83B | -25.57B | 0 | 0 | -2.69B |
| Cash from Financing | -917.82M | 0 | 3.02B | 0 | -1.25B | 0 | 25.61B | 0 | 2.05B | 0 | -4.36B | 0 | 2.74B | 0 | 12.02B | 1.42B | 6.11B | 0 | 18.84B | 11.4B |
| Debt Issued (Net) | -4.61B | 0 | 153.02M | 0 | -1.79B | 0 | 4.58B | 0 | 2.04B | 0 | -4.4B | 0 | 2.74B | 0 | 1.67B | 1.16B | 11.54B | 0 | 680.63M | -17.3M |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19.66B | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 3.69B | 0 | 2.87B | 0 | 540.31M | 0 | 21.03B | 0 | 15.68M | 0 | 34.85M | 0 | 8M | 0 | 10.36B | 259.97M | -5.43B | 0 | -1.5B | 11.42B |
| Net Change in Cash | -11.3B | 0 | -694.52M | 0 | -10.18B | 0 | 22.65B | 12.31B | -7.19B | -5.18B | -5.21B | -8.47B | 9.99B | 1.59B | -533.15M | 6.37B | -19.64B | -9.69B | 18.99B | 8.57B |
| Free Cash Flow | -13.89B | 0 | -2.61B | 0 | -14.38B | 0 | 913.09M | 0 | -16.64B | 0 | -6.03B | 0 | -4.81B | 0 | -2.15B | -2.09B | 35.49M | 0 | 1.97B | -53.43M |
| FCF Margin % | -73.08% | - | -13.23% | - | -82.45% | - | 5.34% | - | -189.65% | - | -37.52% | - | -46.75% | - | -21.69% | -21.36% | 0.42% | - | 29.7% | -1.18% |
| FCF Growth % | 3.42% | - | -385.56% | - | 13.53% | - | 115.15% | - | -245.73% | - | -180.61% | 100% | -13657.47% | - | -208.9% | -3820.37% | -94.39% | 100% | 386.2% | 97.16% |
| FCF per Share | -6.23 | - | -1.27 | - | -7.02 | - | 0.52 | - | -10.06 | - | -3.66 | - | -2.95 | - | -1.34 | -1.34 | 0.02 | - | 1.39 | -0.04 |
| FCF Conversion (FCF/Net Income) | 2.13x | - | -0.31x | - | 1.96x | - | -1.83x | - | 1.89x | - | 0.43x | - | 0.49x | - | -0.51x | 0.18x | -1.29x | - | -1.55x | -0.27x |
| Interest Paid | 411.22M | 0 | 254.48M | 0 | 387.42M | 0 | 145.89M | 0 | 139.59M | 0 | 130.45M | 0 | 143.9M | 0 | 76.13M | 0 | 142.7M | 0 | 126.84M | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 270K | 0 |