Alibaba Quarterly Financial Results
Income Statement: Selected Financials
Three months ended June 30,
Change
(in RMB Mn, except percentages)
2021
2022
YoY%
YoY
Income from operations
30,847
24,943
(19%)
(5,904)
Interest and investment income, net
14,101
5,369
(62%)
(8,732)
Interest expense
(1,267)
(1,244)
(2%)
23
Other income, net
2,157
109
(95%)
(2,048)
Income before income tax and share of results of
45,838
29,177
(36%)
(16,661)
equity method investees
Income tax expenses
(9,096)
(5,399)
(41%)
3,697
Share of results of equity method investees
6,093
(3,480)
N/A (9,573)
Net income
42,835
20,298
(53%)
(22,537)
Net income attributable to ordinary shareholders
45,141
22,739
(50%) (22,402)
Adjustments to reconcile net income to non-GAAP net income:
Share-based compensation expense
7,811
6,725
(14%)
(1,086)
Amortization of intangible assets
3,073
2,751
(10%)
(322)
Impairment of investments
397
3,114
684%
2,717
Gain on deemed disposals/disposals/revaluation of
investments and others
(10,624)
(1,712)
(84%)
8,912
Tax effects (1)
(51)
(924)
1,712%
(873)
Non-GAAP net income
43,441
Non-GAAP net income attributable to ordinary shareholders
45,747
30,252
31,355
(30%) (13,189)
(31%)
(14,392)
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
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