Earnings Presentation Q4 FY2023
Income Statement: Selected Financials
Alibaba
Three months ended March 31,
Year ended March 31,
Change
(in RMB Mn, except percentages)
Income from operations
2022
16,717
2023
15,240
YoY%
YOY
2022
2023
(9)%
Interest and investment income, net
(36,708)
10,496
N/A
(1,477)
47,204
69,638 100,351
YoY%
44%
Change YoY
30,713
Interest expense
(1,189)
(1,736)
46%
Other income, net
1,620
1,308
(19)%
(547)
(312)
(15,702) (11,071)
(4,909) (5,918) 21%
10,523
5,823 (45)%
(29)%
4,631
(1,009)
(4,700)
(Loss) Income before income tax and share of results of
(19,560)
25,308
N/A
44,868
59,550
89,185
50%
29,635
equity method investees
Income tax expenses
(2,079)
(3,758)
81%
(1,679)
(26,815) (15,549) (42)%
11,266
Share of results of equity method investees
3,282
446
(86)%
(2,836)
14,344 (8,063)
N/A
(22,407)
Net (loss) income
(18,357)
21,996
N/A
40,353
47,079
65,573
39%
18,494
Net (loss) income attributable to ordinary shareholders
(16,241)
23,516
N/A
39,757
61,959
72,509
17%
10,550
Adjustments to reconcile net income to non-GAAP net income:
Share-based compensation expense
(3,737)
7,546
N/A
11,283
23,971
30,831
29%
6,860
Amortization and impairment of intangible assets
2,831
2,494
(12)%
(337)
11,647
Impairment of goodwill and investments
5,303
7,290
37%
1,987
40,264
13,504
24,351 (40)%
16%
1,857
(15,913)
Loss (Gain) on deemed disposals/disposals/revaluation of
investments and others
37,845
(11,804)
N/A
(49,649)
21,671
13,857
(36)%
(7,814)
Equity-settled donation expense
N/A
N/A
511
N/A
511
(1)
Tax effects
(4,086)
(147)
(96)%
3,939
(8,244)
Non-GAAP net income
19,799
27,375
38%
7,576
136,388
(7,248)
141,379
(12)%
996
4%
4,991
Non-GAAP net income attributable to ordinary shareholders
21,462
27,985
30%
6,523
143,552
144,029
0%
477
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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