Balance Sheet BYD Company Limited

Equities

1211

CNE100000296

Auto & Truck Manufacturers

Market Closed - Hong Kong S.E. Other stock markets 08:08:15 17/01/2025 GMT			5-day change	1st Jan Change
263.80 ^HKD	+1.07%		+3.13%	-1.05%

02:27am	Chinese EV Brand BYD Enters South Korean Market, Challenging Hyundai Motor	MT
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Published financial data: BYD COMPANY LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	123B	152B	208B	415B	590B
Other Revenues, Total	4.42B	4.66B	7.86B	9.28B	11.85B
Total Revenues	128B	157B	216B	424B	602B
Cost of Goods Sold, Total	107B	127B	189B	353B	483B
Gross Profit	20.66B	29.85B	27.44B	71.41B	120B
Selling General & Admin Expenses, Total	8.49B	9.38B	11.79B	25.07B	38.67B
Provision for Bad Debts	477M	1.15B	467M	1.06B	1.54B
R&D Expenses	5.63B	7.46B	7.99B	18.65B	39.57B
Other Operating Expenses	1.32B	2.14B	3.03B	7.22B	7.28B
Other Operating Expenses, Total	15.91B	20.13B	23.28B	52.01B	87.07B
Operating Income	4.75B	9.72B	4.16B	19.4B	32.44B
Interest Expense, Total	-3.49B	-3.12B	-1.91B	-1.32B	-1.83B
Interest And Investment Income	354M	215M	632M	1.83B	4.43B
Net Interest Expenses	-3.13B	-2.91B	-1.28B	513M	2.6B
Currency Exchange Gains (Loss)	130M	-806M	-533M	1.22B	639M
Other Non Operating Income (Expenses)	-10.85M	-65.2M	44.34M	-176M	-116M
EBT, Excl. Unusual Items	1.74B	5.94B	2.4B	20.96B	35.57B
Gain (Loss) On Sale Of Investments	-805M	-324M	-9.78M	-666M	258M
Gain (Loss) On Sale Of Assets	-99.75M	-376M	-113M	-876M	-1.05B
Asset Writedown	-	-193M	-93.29M	-414M	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	1.6B	1.83B	2.34B	2.08B	2.5B
EBT, Incl. Unusual Items	2.43B	6.88B	4.52B	21.08B	37.27B
Income Tax Expense	312M	869M	551M	3.37B	5.92B
Earnings From Continuing Operations	2.12B	6.01B	3.97B	17.71B	31.34B
Net Income to Company	2.12B	6.01B	3.97B	17.71B	31.34B
Minority Interest	-504M	-1.78B	-922M	-1.09B	-1.3B
Net Income - (IS)	1.61B	4.23B	3.05B	16.62B	30.04B
Preferred Dividend and Other Adjustments	-	-	-	6.29M	39.81M
Net Income to Common Incl Extra Items	1.61B	4.23B	3.05B	16.62B	30B
Net Income to Common Excl. Extra Items	1.61B	4.23B	3.05B	16.62B	30B
Per Share Items
Net EPS - Basic	0.5	1.47	1.06	5.71	10.32
Basic EPS - Continuing Operations	0.5	1.47	1.06	5.71	10.32
Basic Weighted Average Shares Outstanding	3.23B	2.88B	2.87B	2.91B	2.91B
Net EPS - Diluted	0.5	1.47	1.06	5.71	10.32
Diluted EPS - Continuing Operations	0.5	1.47	1.06	5.71	10.32
Diluted Weighted Average Shares Outstanding	3.23B	2.88B	2.87B	2.91B	2.91B
Normalized Basic EPS	0.18	0.67	0.2	4.13	7.2
Normalized Diluted EPS	0.18	0.67	0.2	4.13	7.2
Dividend Per Share	0.06	0.15	0.1	1.14	3.1
Payout Ratio	262.52	85.76	79.91	9.35	13.23
American Depositary Receipts Ratio (ADR)	2	2	2	2	2
Supplemental Items
EBITDA	14.33B	22.04B	17.97B	39.11B	74.33B
EBITA	6.23B	12.79B	7.09B	24.5B	36.62B
EBIT	4.75B	9.72B	4.16B	19.4B	32.44B
EBITDAR	15.64B	23.47B	19.37B	40.21B	75.91B
Total Revenues (As Reported)	128B	157B	216B	-	602B
Effective Tax Rate - (Ratio)	12.84	12.62	12.19	15.97	15.9
Total Current Taxes	466M	769M	553M	3.94B	7.32B
Total Deferred Taxes	-154M	99.89M	-1.79M	-569M	-1.4B
Normalized Net Income	580M	1.93B	575M	12.01B	20.93B
Interest Capitalized	186M	52.79M	7.72M	-	-
Interest on Long-Term Debt	769M	892M	400M	369M	283M
Supplemental Operating Expense Items
Advertising Expense	1.08B	1.49B	1.35B	2.2B	4.27B
Selling and Marketing Expenses	4.26B	5.06B	6.08B	15.06B	25.21B
General and Administrative Expenses	4.14B	4.32B	5.71B	10.01B	13.46B
Research And Development Expense From Footnotes	5.63B	7.46B	7.99B	18.65B	39.57B
Net Rental Expense, Total	1.3B	1.43B	1.41B	1.11B	1.58B
Imputed Operating Lease Interest Expense	573M	564M	491M	407M	670M
Imputed Operating Lease Depreciation	731M	865M	914M	698M	905M
Stock-Based Comp., R&D Exp. (Total)	-	-	-	223M	399M
Stock-Based Comp., S&M Exp. (Total)	-	-	-	59.27M	84.17M
Stock-Based Comp., G&A Exp. (Total)	-	-	-	184M	248M
Stock-Based Comp., Other (Total)	-	74.3M	116M	125M	142M
Total Stock-Based Compensation	-	74.3M	116M	591M	872M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	12.65B	14.45B	50.46B	51.47B	109B
Short Term Investments	-	-	-	-	-
Trading Asset Securities, Total	34.34M	24K	5.61B	20.63B	9.56B
Total Cash And Short Term Investments	12.68B	14.45B	56.06B	72.1B	119B
Accounts Receivable, Total	58.99B	56.68B	54.72B	66.33B	70.09B
Other Receivables	498M	1.05B	1.41B	1.91B	10.27B
Notes Receivable	42.46M	-	-	-	-
Total Receivables	59.53B	57.73B	56.13B	68.24B	80.36B
Inventory	25.57B	31.4B	43.35B	79.11B	87.68B
Prepaid Expenses	-	-	-	-	-
Other Current Assets, Total	9.18B	8.04B	10.56B	21.36B	15.43B
Total Current Assets	107B	112B	166B	241B	302B
Gross Property Plant And Equipment	101B	107B	135B	243B	372B
Accumulated Depreciation	-39.74B	-45.81B	-51.59B	-63.01B	-96.21B
Net Property Plant And Equipment	60.85B	61.64B	83.07B	180B	275B
Long-term Investments	6.03B	7.17B	11.05B	22.05B	25.67B
Goodwill	65.91M	65.91M	65.91M	65.91M	4.43B
Other Intangibles, Total	12.65B	11.8B	17.1B	23.22B	37.24B
Accounts Receivable Long-Term	1.24B	1.8B	1.17B	1.12B	-
Deferred Tax Assets Long-Term	1.51B	1.77B	1.91B	3.69B	6.58B
Deferred Charges Long-Term	5.88B	4.95B	2.68B	2.14B	4.6B
Other Long-Term Assets, Total	446M	203M	12.61B	21.13B	23.59B
Total Assets	196B	201B	296B	494B	680B
Liabilities
Accounts Payable, Total	36.17B	51.91B	80.49B	144B	198B
Accrued Expenses, Total	4.83B	6.68B	6.68B	14.11B	19.95B
Short-term Borrowings	45.33B	16.4B	10.2B	5.15B	18.32B
Current Portion of Long-Term Debt	8.53B	11.24B	12.73B	5.77B	6.25B
Current Portion of Leases	219M	169M	248M	694M	1.49B
Current Income Taxes Payable	260M	564M	863M	2.1B	4.76B
Unearned Revenue Current, Total	4.5B	8.19B	14.93B	35.52B	34.7B
Other Current Liabilities	8.19B	11.27B	45.15B	126B	170B
Total Current Liabilities	108B	106B	171B	333B	454B
Long-Term Debt	21.92B	23.63B	10.79B	7.59B	11.98B
Long-Term Leases	549M	843M	1.42B	2.62B	8.85B
Unearned Revenue Non Current	2.23B	2.27B	4.48B	17.47B	25.89B
Deferred Tax Liability Non Current	103M	393M	610M	2.02B	3.95B
Other Non Current Liabilities	211M	3B	2.94B	9.42B	24.76B
Total Liabilities	133B	137B	192B	372B	529B
Common Stock, Total	2.73B	2.73B	2.91B	2.91B	2.91B
Additional Paid In Capital	24.53B	24.7B	60.81B	-	-
Retained Earnings	25.16B	28.9B	31.46B	47.78B	74.5B
Treasury Stock	-	-	-	-1.81B	-1.27B
Comprehensive Income and Other	4.35B	543M	-114M	62.15B	62.67B
Total Common Equity	56.76B	56.87B	95.07B	111B	139B
Minority Interest	5.84B	7.58B	9.17B	10.36B	11.65B
Total Equity	62.6B	64.45B	104B	121B	150B
Total Liabilities And Equity	196B	201B	296B	494B	680B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.73B	2.86B	2.91B	2.91B	2.9B
ECS Total Common Shares Outstanding	2.73B	2.73B	2.91B	2.91B	2.9B
Book Value / Share	19.2	20.45	32.66	38.21	47.79
Tangible Book Value	44.05B	45B	77.9B	87.74B	97.15B
Tangible Book Value Per Share	14.53	16.1	26.76	30.2	33.45
Total Debt	76.54B	52.28B	35.39B	21.83B	46.89B
Net Debt	63.86B	37.84B	-20.67B	-50.27B	-71.77B
Debt Equivalent Oper. Leases	10.44B	11.43B	11.24B	8.84B	12.6B
Minority Interest, Total (Incl. Fin. Div)	5.84B	7.58B	9.17B	10.36B	11.65B
Equity Method Investments, Total	4.06B	5.47B	7.91B	15.49B	17.65B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	3.68B	4.27B	9.19B	17.46B	15.4B
Inventories - Work In Process, Total	11.02B	10.05B	14.47B	26.97B	30.52B
Inventories - Finished Goods, Total	10.26B	16.98B	18.62B	32.8B	41.18B
Inventories - Others	1.06B	830M	2.23B	3.27B	3.93B
Land - (BS)	-	-	-	370M	428M
Buildings, Total	21.13B	22.57B	24.8B	42.91B	83.91B
Machinery, Total	67.86B	77.56B	87.54B	151B	241B
Full Time Employees	229K	224K	288K	570K	704K
Accumulated Allowance for Doubtful Accounts (Supple)	1.67B	2.31B	2.42B	3.18B	3.58B

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	1.61B	4.23B	3.05B	16.62B	30.04B
Depreciation & Amortization - CF	8.32B	9.41B	11.15B	15.19B	39.11B
Amortization of Goodwill and Intangible Assets - (CF)	1.48B	3.07B	2.93B	5.1B	4.17B
Depreciation & Amortization, Total	9.8B	12.49B	14.08B	20.29B	43.28B
Amortization of Deferred Charges, Total - (CF)	42.51M	30.82M	27.28M	81.59M	270M
(Gain) Loss From Sale Of Asset	99.75M	376M	113M	876M	1.05B
(Gain) Loss on Sale of Investments - (CF)	260M	1.32M	-156M	584M	-1.86B
Asset Writedown & Restructuring Costs	-	193M	93.29M	414M	-
Provision and Write-off of Bad Debts	477M	957M	467M	1.06B	1.54B
Other Operating Activities, Total	4.17B	5.64B	3.59B	2.66B	4.3B
Change In Accounts Receivable	8.07B	1.55B	1.38B	-17.55B	-12.64B
Change In Inventories	284M	-6.7B	-12.89B	-36.56B	-7.6B
Change In Accounts Payable	-9.98B	26.52B	55.6B	153B	113B
Change In Deferred Taxes	-90.06M	36.24M	-1.79M	-569M	-1.4B
Change in Other Net Operating Assets	-	78.38M	121M	394M	-
Cash from Operations	14.74B	45.39B	65.47B	141B	170B
Capital Expenditure	-20.63B	-11.77B	-37.34B	-97.46B	-122B
Sale of Property, Plant, and Equipment	413M	259M	826M	268M	471M
Cash Acquisitions	-	-	-	-	-14.08B
Divestitures	-5.55M	97.88M	222M	-	73.84M
Investment in Marketable and Equity Securities, Total	-730M	-1.84B	-3.53B	-10.46B	-1.96B
Other Investing Activities, Total	68.4M	-1.19B	-5.58B	-12.94B	11.93B
Cash from Investing	-20.88B	-14.44B	-45.4B	-121B	-126B
Long-Term Debt Issued, Total	78.48B	42.63B	32.87B	27.64B	45.3B
Total Debt Issued	78.48B	42.63B	32.87B	27.64B	45.3B
Long-Term Debt Repaid, Total	-68.6B	-67.12B	-49.88B	-44.05B	-28.51B
Total Debt Repaid	-68.6B	-67.12B	-49.88B	-44.05B	-28.51B
Issuance of Common Stock	501M	2.8B	37.31B	508M	98M
Repurchase of Common Stock	-	-3.3B	-1.1B	-	-
Common Dividends Paid	-4.24B	-3.63B	-2.43B	-1.55B	-3.97B
Common & Preferred Stock Dividends Paid	-4.24B	-3.63B	-2.43B	-1.55B	-3.97B
Other Financing Activities, Total	469M	-286M	-711M	-2.03B	-99.06M
Cash from Financing	6.61B	-28.91B	16.06B	-19.49B	12.82B
Foreign Exchange Rate Adjustments	53.33M	23.2M	-43.84M	610M	451M
Net Change in Cash	523M	2.06B	36.08B	1.36B	57.33B
Supplemental Items
Cash Interest Paid	-	-	61.6M	-	-
Cash Income Tax Paid (Refund)	524M	-244M	2.95B	10.91B	14.36B
Levered Free Cash Flow	-21.45B	26.73B	34.9B	49.76B	32.58B
Unlevered Free Cash Flow	-19.28B	28.68B	36.09B	50.58B	33.73B
Change In Net Working Capital	11.46B	-21.79B	-56.61B	-115B	-91.12B
Net Debt Issued / Repaid	9.88B	-24.49B	-17.01B	-16.41B	16.79B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	1.52	3.06	1.05	3.07	3.46
Return on Total Capital	2.31	4.75	2.03	8.57	11.91
Return On Equity %	3.44	9.47	4.7	15.7	23.06
Return on Common Equity	2.88	7.45	4.01	16.12	24.02
Margin Analysis
Gross Profit Margin %	16.17	19.06	12.69	16.84	19.84
SG&A Margin	6.64	5.99	5.46	5.91	6.42
EBITDA Margin %	11.22	14.07	8.31	9.22	12.34
EBITA Margin %	4.87	8.17	3.28	5.78	6.08
EBIT Margin %	3.72	6.21	1.92	4.58	5.39
Income From Continuing Operations Margin %	1.66	3.84	1.84	4.18	5.2
Net Income Margin %	1.26	2.7	1.41	3.92	4.99
Net Avail. For Common Margin %	1.26	2.7	1.41	3.92	4.98
Normalized Net Income Margin	0.45	1.23	0.27	2.83	3.47
Levered Free Cash Flow Margin	-16.8	17.07	16.15	11.73	5.41
Unlevered Free Cash Flow Margin	-15.09	18.32	16.7	11.93	5.6
Asset Turnover
Asset Turnover	0.65	0.79	0.87	1.07	1.03
Fixed Assets Turnover	2.24	2.56	2.99	3.23	2.65
Receivables Turnover (Average Receivables)	1.97	2.63	3.74	6.85	8.72
Inventory Turnover (Average Inventory)	4.13	4.45	5.05	5.76	5.79
Short Term Liquidity
Current Ratio	0.99	1.05	0.97	0.72	0.67
Quick Ratio	0.67	0.68	0.65	0.42	0.44
Operating Cash Flow to Current Liabilities	0.14	0.43	0.38	0.42	0.37