Earnings Presentation Q4 FY2023
GAAP to Non-GAAP Measures Reconciliation
Three months ended March 31,
Alibaba
Year ended March 31,
2022
2023
2022
2023
RMB Mn
RMB Mn
USD Mn
RMB Mn
RMB Mn
USD Mn
Adjusted EBITA and Adjusted EBITDA
Income from operations
16,717
15,240
2,219
69,638
100,351
14,612
Share-based compensation expense
(3,737)
7,546
1,099
23,971
30,831
4,489
Amortization and impairment of intangible assets
2,831
2,494
363
11,647
13,504
1,967
Impairment of goodwill
25,141
2,714
395
Equity-settled donation expense
511
75
Adjusted EBITA
15,811
25,280
3,681
130,397
147,911
21,538
Depreciation of property and equipment, and operating lease cost relating to
7,562
6,843
996
27,808
27,799
4,047
land use rights
Adjusted EBITDA
23,373
32,123
4,677
158,205
175,710
25,585
Non-GAAP net income
Net income
(18,357)
21,996
3,203
47,079
65,573
9,548
Adjustments to reconcile net income to non-GAAP net income:
Share-based compensation expense
(3,737)
7,546
1,099
23,971
30,831
4,489
Amortization and impairment of intangible assets
2,831
2,494
363
11,647
13,504
1,967
Impairment of goodwill and investments
5,303
7,290
1,061
40,264
24,351
3,546
Loss(Gain) on deemed disposals/disposals/revaluation of investments and others
37,845
(11,804)
(1,719)
21,671
13,857
2,017
Equity-settled donation expense
511
75
Tax effects
(1)
(4,086)
(147)
(21)
(8,244)
(7,248)
(1,056)
Non-GAAP net income
Non-GAAP Free cash flow
19,799
27,375
3,986
136,388
141,379
20,586
Net cash (used in) provided by operating activities
(7,040)
31,401
4,572
142,759
199,752
29,086
Less:
Purchase of property and equipment (excluding land use rights and construction in
progress relating to office campuses)
(9,201)
(2,513)
(366)
(42,028)
(30,373)
(4,423)
Purchase of intangible assets (excluding those acquired through acquisitions)
Changes in the consumer protection fund deposits
Free cash flow
(15)
(22)
(3)
1,171
3,379
492
(1,842)
2,306
336
(15,070)
32,267
4,698
98,874
171,663
24,996
Note:
(1) Tax effects primarily comprise tax effects relating to share-based compensation expense, amortization and impairment of intangible assets and certain gains and losses from investments, and others.
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