Alibaba Quarterly Financial Results

GAAP to Adjusted/Non-GAAP Measures Reconciliation Three months ended June 30, 2021 2022 RMB Mn RMB Mn USD Mn Adjusted EBITA and Adjusted EBITDA Income from operations Share-based compensation expense 30,847 24,943 3,724 7,811 6,725 1,004 Amortization of intangible assets 3,073 2,751 411 Adjusted EBITA 41,731 34,419 5,139 Depreciation and impairment of property and equipment, and operating 6,897 6,695 999 lease cost relating to land use rights Adjusted EBITDA 48,628 41,114 6,138 Non-GAAP net income Net income 42,835 20,298 3,030 Adjustments to reconcile net income to non-GAAP net income: Share-based compensation expense 7,811 6,725 1,004 Amortization of intangible assets 3,073 2,751 411 Impairment of investments 397 3,114 465 Gain on deemed disposals/disposals/revaluation of investments and others Tax effects (1) (10,624) (1,712) (255) (51) (924) (138) Non-GAAP net income 43,441 30,252 4,517 33,603 33,869 5,057 Free cash flow Net cash provided by operating activities Less: Purchase of property and equipment (excluding land use rights and construction in progress relating to office campuses) (10,897) (11,110) (1,659) Acquisition of intangible assets (1) (22) (4) Changes in the consumer protection fund deposits Free cash flow (2,022) (564) (84) 20,683 22,173 3,310 Note: (1) Tax effects primarily comprises tax effects relating to share-based compensation expense, amortization of intangible assets and certain gains and losses from investments, and others. Alibaba 16

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