Balance Sheet Li Auto Inc.

Equities

LI

US50202M1027

Auto & Truck Manufacturers

Market Closed - Nasdaq Other stock markets 21:00:00 06/09/2024 BST			5-day change	1st Jan Change
18.31 ^USD	-2.92%		-5.91%	-51.08%

09-05	Stocks at Chinese Car Dealerships Decline in August	MT
09-04	Citigroup Downgrades Li Auto to Neutral From Buy	MT

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Published financial data: LI AUTO INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	284M	9.46B	27.01B	45.29B	124B
Total Revenues	284M	9.46B	27.01B	45.29B	124B
Cost of Goods Sold, Total	284M	7.91B	21.25B	36.5B	96.35B
Gross Profit	-95K	1.55B	5.76B	8.79B	27.5B
Selling General & Admin Expenses, Total	686M	1.11B	3.55B	5.76B	9.77B
R&D Expenses	1.15B	1.08B	3.23B	6.68B	10.59B
Other Operating Expenses	-	-	-	-	-264M
Other Operating Expenses, Total	1.84B	2.19B	6.78B	12.45B	20.09B
Operating Income	-1.84B	-639M	-1.02B	-3.65B	7.41B
Interest Expense, Total	-83.67M	-66.92M	-63.24M	-106M	-86.25M
Interest And Investment Income	79.63M	255M	740M	976M	2.08B
Net Interest Expenses	-4.04M	188M	677M	870M	2B
Income (Loss) On Equity Invest.	-163M	-2.52M	-	-	-
Currency Exchange Gains (Loss)	31.98M	-6.72M	-	-	-
Other Non Operating Income (Expenses)	-424M	302M	187M	626M	1.05B
EBT, Excl. Unusual Items	-2.4B	-158M	-153M	-2.16B	10.45B
Asset Writedown	-18.07M	-30.38M	-	-	-
EBT, Incl. Unusual Items	-2.42B	-189M	-153M	-2.16B	10.45B
Income Tax Expense	-	-22.85M	169M	-127M	-1.36B
Earnings From Continuing Operations	-2.42B	-166M	-321M	-2.03B	11.81B
Earnings Of Discontinued Operations	-20.66M	14.37M	-	-	-
Net Income to Company	-2.44B	-152M	-321M	-2.03B	11.81B
Minority Interest	-	-	-	20.13M	-105M
Net Income - (IS)	-2.44B	-152M	-321M	-2.01B	11.7B
Preferred Dividend and Other Adjustments	843M	640M	-	-	-
Net Income to Common Incl Extra Items	-3.28B	-792M	-321M	-2.01B	11.7B
Net Income to Common Excl. Extra Items	-3.26B	-806M	-321M	-2.01B	11.7B
Per Share Items
Net EPS - Basic	-25.74	-1.82	-0.35	-2.07	11.9
Basic EPS - Continuing Operations	-25.58	-1.85	-0.35	-2.07	11.9
Basic Weighted Average Shares Outstanding	128M	435M	927M	971M	984M
Net EPS - Diluted	-25.74	-1.82	-0.35	-2.07	11.1
Diluted EPS - Continuing Operations	-25.58	-1.85	-0.35	-2.07	11.1
Diluted Weighted Average Shares Outstanding	128M	435M	927M	971M	1.06B
Normalized Basic EPS	-11.76	-0.23	-0.1	-1.37	6.53
Normalized Diluted EPS	-11.76	-0.23	-0.1	-1.37	6.08
American Depositary Receipts Ratio (ADR)	2	2	2	2	2
Supplemental Items
EBITDA	-1.72B	-318M	-427M	-2.44B	9.21B
EBITA	-1.83B	-630M	-1.01B	-3.64B	7.43B
EBIT	-1.84B	-639M	-1.02B	-3.65B	7.41B
EBITDAR	-1.63B	-136M	-43.99M	-1.69B	10.38B
Total Revenues (As Reported)	284M	9.46B	27.01B	45.29B	124B
Effective Tax Rate - (Ratio)	-	12.1	-110.36	5.88	-12.99
Total Current Taxes	-	-	-	1.33M	446M
Total Deferred Taxes	-	-22.85M	169M	-128M	-1.8B
Normalized Net Income	-1.5B	-99.06M	-95.51M	-1.33B	6.43B
Interest on Long-Term Debt	19.94M	21.85M	19.32M	-	32.66M
Supplemental Operating Expense Items
Marketing Expenses	176M	265M	1.1B	1.01B	-
Selling and Marketing Expenses	176M	265M	1.1B	1.01B	-
Research And Development Expense From Footnotes	1.17B	1.1B	3.29B	6.78B	10.59B
Net Rental Expense, Total	93.17M	182M	383M	753M	1.17B
Imputed Operating Lease Interest Expense	40.66M	50.86M	38.92M	63.72M	62.44M
Imputed Operating Lease Depreciation	52.5M	131M	344M	689M	1.11B
Stock-Based Comp., COGS (Total)	-	1.52M	26.71M	44.84M	46.63M
Stock-Based Comp., R&D Exp. (Total)	-	60.79M	742M	1.33B	1.55B
Stock-Based Comp., SG&A Exp. (Total)	-	80.49M	333M	675M	780M
Total Stock-Based Compensation	-	143M	1.1B	2.05B	2.38B

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	1.3B	8.94B	27.85B	38.48B	91.33B
Short Term Investments	2.27B	19.7B	19.67B	18.03B	11.93B
Total Cash And Short Term Investments	3.57B	28.64B	47.52B	56.51B	103B
Accounts Receivable, Total	8.3M	116M	121M	48.38M	144M
Other Receivables	-	-	28.49M	-	-
Notes Receivable	8M	8M	-	-	-
Total Receivables	16.3M	124M	149M	48.38M	144M
Inventory	710M	1.05B	1.62B	6.8B	6.87B
Prepaid Expenses	67.97M	30.36M	46.74M	-	-
Restricted Cash	140M	1.23B	2.64B	1.94B	479K
Other Current Assets, Total	563M	315M	405M	1.69B	4.25B
Total Current Assets	5.07B	31.39B	52.38B	66.99B	115B
Gross Property Plant And Equipment	3.5B	4.25B	7.54B	16.88B	25.35B
Accumulated Depreciation	-195M	-499M	-983M	-2.16B	-3.66B
Net Property Plant And Equipment	3.31B	3.76B	6.56B	14.73B	21.68B
Long-term Investments	126M	163M	156M	1.48B	1.6B
Goodwill	-	-	-	5.48M	5.48M
Other Intangibles, Total	674M	683M	751M	833M	864M
Deferred Tax Assets Long-Term	-	59.16M	19.9M	74.77M	1.99B
Other Long-Term Assets, Total	342M	321M	1.98B	2.42B	2.8B
Total Assets	9.51B	36.37B	61.85B	86.54B	143B
Liabilities
Accounts Payable, Total	634M	3.18B	9.38B	20.03B	51.88B
Accrued Expenses, Total	224M	223M	656M	2.22B	5.39B
Short-term Borrowings	239M	-	-	-	-
Current Portion of Long-Term Debt	693M	-	37.04M	391M	6.98B
Current Portion of Leases	538M	211M	473M	696M	1.15B
Current Income Taxes Payable	-	50.09M	277M	446M	1.66B
Unearned Revenue Current, Total	56.7M	272M	305M	569M	1.53B
Other Current Liabilities	2.3B	374M	977M	3.02B	4.17B
Total Current Liabilities	4.68B	4.31B	12.11B	27.37B	72.74B
Long-Term Debt	-	512M	5.96B	9.23B	1.75B
Long-Term Leases	241M	1.39B	1.37B	1.95B	3.68B
Unearned Revenue Non Current	5.94M	136M	390M	582M	1.24B
Deferred Tax Liability Non Current	-	36.31M	154M	77.81M	201M
Other Non Current Liabilities	5.52M	185M	802M	2.14B	3.28B
Total Liabilities	4.93B	6.57B	20.78B	41.35B	82.89B
Preferred Stock Convertible	10.26B	-	-	-	-
Total Preferred Equity	10.26B	-	-	-	-
Common Stock, Total	165K	1.24M	1.41M	1.42M	1.45M
Additional Paid In Capital	-	37.29B	49.39B	53.87B	57.48B
Retained Earnings	-5.69B	-6.48B	-6.81B	-8.82B	2.89B
Treasury Stock	-	-	-89K	-84K	-90K
Comprehensive Income and Other	15.54M	-1.01B	-1.52B	-194M	-225M
Total Common Equity	-5.67B	29.8B	41.06B	44.86B	60.14B
Minority Interest	-	-	-	328M	433M
Total Equity	4.58B	29.8B	41.06B	45.19B	60.58B
Total Liabilities And Equity	9.51B	36.37B	61.85B	86.54B	143B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	128M	905M	965M	977M	993M
ECS Total Common Shares Outstanding	128M	905M	965M	977M	993M
Book Value / Share	-44.51	32.95	42.56	45.91	60.58
Tangible Book Value	-6.35B	29.12B	40.31B	44.02B	59.27B
Tangible Book Value Per Share	-49.79	32.19	41.78	45.05	59.7
Total Debt	1.71B	2.11B	7.84B	12.26B	13.55B
Net Debt	-1.86B	-26.53B	-39.68B	-44.25B	-89.72B
Debt Equivalent Oper. Leases	745M	1.45B	3.06B	6.02B	9.34B
Minority Interest, Total (Incl. Fin. Div)	-	-	-	328M	433M
Equity Method Investments, Total	-	-	34.7M	155M	161M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	374M	228M	1.47B	3.33B	2.52B
Inventories - Finished Goods, Total	145M	820M	149M	3.48B	4.42B
Buildings, Total	738M	717M	706M	2.36B	2.73B
Machinery, Total	1.12B	1.2B	1.42B	7.19B	10.13B
Full Time Employees	2.63K	4.18K	11.9K	19.4K	31.59K
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	327K	285K

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-2.44B	-152M	-321M	-2.01B	11.7B
Depreciation & Amortization - CF	107M	312M	579M	1.19B	1.78B
Amortization of Goodwill and Intangible Assets - (CF)	9.22M	8.98M	11.3M	19.07M	24.3M
Depreciation & Amortization, Total	116M	321M	590M	1.21B	1.81B
(Gain) Loss From Sale Of Asset	602K	379K	19.84M	55.88M	-131M
(Gain) Loss on Sale of Investments - (CF)	13.22M	-33.01M	13.8M	9.44M	-
Asset Writedown & Restructuring Costs	18.07M	30.38M	38.16M	-	-
(Income) Loss On Equity Investments - (CF)	163M	2.52M	83K	10.45M	9.53M
Stock-Based Compensation (CF)	-	143M	1.1B	2.05B	2.38B
Provision and Write-off of Bad Debts	-	-	6.42M	2.91M	-1.08M
Net Cash From Discontinued Operations	-11.4M	148K	-	-	-
Other Operating Activities, Total	499M	-241M	276M	1.01B	-1.68B
Change In Accounts Receivable	-8.3M	-107M	-5.46M	72.21M	-95.1M
Change In Inventories	-511M	-517M	-612M	-5.92B	-1.25B
Change In Accounts Payable	602M	2.53B	6.21B	10.59B	31.85B
Change in Unearned Revenues	62.64M	345M	288M	5.02M	1.19B
Change in Other Net Operating Assets	-300M	817M	732M	285M	4.92B
Cash from Operations	-1.79B	3.14B	8.34B	7.38B	50.69B
Capital Expenditure	-953M	-675M	-3.44B	-5.13B	-6.51B
Sale of Property, Plant, and Equipment	1.65M	535K	38K	4.53M	284M
Cash Acquisitions	-560M	-35.45M	-631M	2.09M	-
Investment in Marketable and Equity Securities, Total	-1.54B	-18.08B	-182M	757M	6.21B
Net (Increase) Decrease in Loans Originated / Sold - Investing	482M	-6M	-	-	-
Other Investing Activities, Total	-10.56M	59.7M	-	-	-
Cash from Investing	-2.57B	-18.74B	-4.26B	-4.36B	-12.07M
Short Term Debt Issued, Total	233M	-	-	-	-
Long-Term Debt Issued, Total	168M	-	6.13B	3.74B	1.75B
Total Debt Issued	401M	-	6.13B	3.74B	1.75B
Short Term Debt Repaid, Total	-	-145M	-	-	-
Long-Term Debt Repaid, Total	-	-	-430M	-661M	-2.75B
Total Debt Repaid	-	-145M	-430M	-661M	-2.75B
Issuance of Common Stock	-	21.03B	11.01B	2.47B	1.19B
Issuance of Preferred Stock	5.26B	3.83B	-	-	-
Other Financing Activities, Total	-3.79M	-	-	90M	-
Cash from Financing	5.66B	24.71B	16.71B	5.64B	185M
Foreign Exchange Rate Adjustments	53.72M	-377M	-472M	1.27B	44.51M
Net Change in Cash	1.34B	8.74B	20.32B	9.93B	50.91B
Supplemental Items
Cash Interest Paid	-	-	-	-	41.47M
Cash Income Tax Paid (Refund)	-	-	-	-	58.64M
Levered Free Cash Flow	-583M	-1.02B	2.96B	4.85B	39.81B
Unlevered Free Cash Flow	-531M	-976M	3B	4.92B	39.86B
Change In Net Working Capital	-1.46B	366M	-5.39B	-9.06B	-37.56B
Net Debt Issued / Repaid	401M	-145M	5.7B	3.08B	-1B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-15.04	-1.74	-1.29	-3.08	4.03
Return on Total Capital	-22.01	-2.09	-1.57	-4.3	7.04
Return On Equity %	-65.49	-0.97	-0.91	-4.71	22.33
Return on Common Equity	80.81	-6.68	-0.91	-4.68	22.29
Margin Analysis
Gross Profit Margin %	-0.03	16.38	21.33	19.41	22.2
SG&A Margin	241.09	11.71	13.13	12.73	7.89
EBITDA Margin %	-606.31	-3.36	-1.58	-5.39	7.44
EBITA Margin %	-644	-6.66	-3.72	-8.03	6
EBIT Margin %	-647.24	-6.76	-3.77	-8.07	5.98
Income From Continuing Operations Margin %	-850.27	-1.76	-1.19	-4.49	9.53
Net Income Margin %	-857.53	-1.6	-1.19	-4.44	9.45
Net Avail. For Common Margin %	-1.15K	-8.53	-1.19	-4.44	9.45
Normalized Net Income Margin	-527.45	-1.05	-0.35	-2.94	5.19
Levered Free Cash Flow Margin	-205.12	-10.77	10.98	10.71	32.14
Unlevered Free Cash Flow Margin	-186.73	-10.33	11.12	10.86	32.18
Asset Turnover
Asset Turnover	0.04	0.41	0.55	0.61	1.08
Fixed Assets Turnover	0.11	2.68	5.24	4.25	6.8
Receivables Turnover (Average Receivables)	-	152.71	228.81	536.19	1.29K
Inventory Turnover (Average Inventory)	0.79	10.1	15.94	8.67	14.09
Short Term Liquidity
Current Ratio	1.08	7.28	4.33	2.45	1.57
Quick Ratio	0.76	6.67	3.94	2.07	1.42
Operating Cash Flow to Current Liabilities	-0.38	0.73	0.69	0.27	0.7
Days Sales Outstanding (Average Receivables)	-	2.4	1.6	0.68	0.28
Days Outstanding Inventory (Average Inventory)	459.66	36.24	22.9	42.12	25.9
Average Days Payable Outstanding	180.27	82.72	105.08	128.78	136.1
Cash Conversion Cycle (Average Days)	-	-44.07	-80.59	-85.98	-109.91
Long Term Solvency
Total Debt/Equity	37.35	7.09	19.09	27.14	22.36
Total Debt / Total Capital	27.19	6.62	16.03	21.35	18.28
LT Debt/Equity	5.26	6.39	17.85	24.74	8.96
Long-Term Debt / Total Capital	3.83	5.96	14.99	19.46	7.32
Total Liabilities / Total Assets	51.85	18.06	33.61	47.78	57.78
EBIT / Interest Expense	-22	-9.55	-16.09	-34.37	85.88
EBITDA / Interest Expense	-19.49	-2.04	-0.7	-15.87	120.34
(EBITDA - Capex) / Interest Expense	-30.88	-12.13	-55.16	-64.1	44.9
Total Debt / EBITDA	-1.05	-15.52	-178.25	-7.27	1.31
Net Debt / EBITDA	1.14	194.7	902.08	26.21	-8.64
Total Debt / (EBITDA - Capex)	-0.66	-2.61	-2.25	-1.8	3.5
Net Debt / (EBITDA - Capex)	0.72	32.69	11.37	6.49	-23.17
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	3.23K	185.62	67.67	173.48
Gross Profit, 1 Yr. Growth %	-	-1.63M	271.87	52.57	212.8
EBITDA, 1 Yr. Growth %	61.07	-81.56	34.27	471.77	-477.38
EBITA, 1 Yr. Growth %	62.59	-65.6	59.69	261.4	-304.39
EBIT, 1 Yr. Growth %	62.75	-65.28	59.22	259.27	-302.66
Earnings From Cont. Operations, 1 Yr. Growth %