Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of iFLYTEK .
Income Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $19.65B | $18.82B | $18.31B | $13.02B | $10.08B | $7.92B | $5.44B | $3.32B | $2.50B | $1.78B |
| Cost of Revenue | $11.27B | $11.14B | $10.78B | $7.15B | $5.44B | $3.96B | $2.65B | $1.64B | $1.28B | $787.58M |
| Gross Profit | $8.38B | $7.68B | $7.53B | $5.88B | $4.64B | $3.96B | $2.80B | $1.68B | $1.22B | $987.63M |
| Gross Profit Ratio | 42.66% | 40.83% | 41.13% | 45.12% | 46.02% | 50.03% | 51.38% | 50.52% | 48.90% | 55.63% |
| Research and Development Expenses | $3.48B | $3.11B | $2.83B | $2.21B | $1.64B | $939.22M | $596.03M | $337.31M | $337.80M | $315.21M |
| General and Administrative Expenses | $392.65M | $343.85M | $271.07M | $207.38M | $141.65M | $157.13M | $95.06M | $79.59M | $49.22M | $42.36M |
| Selling and Marketing Expenses | $1.56B | $3.16B | $2.69B | $2.08B | $1.79B | $1.74B | $1.12B | $650.67M | $377.48M | $241.46M |
| Selling General and Administrative Expenses | $1.96B | $3.51B | $2.96B | $2.29B | $1.94B | $1.89B | $1.21B | $730.26M | $426.71M | $283.82M |
| Other Expenses | $2.52B | $-70.25M | $127.51M | $-13.02M | $-44.33M | $30.80M | $37.53M | $184.90M | $166.95M | $146.61M |
| Operating Expenses | $7.95B | $6.55B | $5.92B | $4.49B | $3.53B | $3.34B | $2.23B | $1.41B | $963.52M | $720.74M |
| Cost and Expenses | $19.22B | $17.69B | $16.70B | $11.64B | $8.97B | $7.30B | $4.88B | $3.05B | $2.24B | $1.51B |
| Interest Income | $85.66M | $132.78M | $91.91M | $56.22M | $76.46M | $72.94M | $69.88M | $77.80M | $47.84M | $43.00M |
| Interest Expense | $96.25M | $65.05M | $65.80M | $62.42M | $64.85M | $56.75M | $41.12M | $42.80M | $8.81M | $324.62K |
| Depreciation and Amortization | $1.93B | $1.74B | $1.53B | $1.23B | $947.14M | $611.20M | $399.96M | $318.10M | $265.62M | $191.79M |
| EBITDA | $2.36B | $2.06B | $3.02B | $2.76B | $2.02B | $1.33B | $1.00B | $917.81M | $738.97M | $425.32M |
| EBITDA Ratio | 12.02% | 10.93% | 16.46% | 21.18% | 20.01% | 16.85% | 18.37% | 27.64% | 29.55% | 23.96% |
| Operating Income | $429.26M | $1.01B | $2.04B | $1.44B | $987.97M | $627.78M | $539.52M | $383.75M | $297.75M | $288.06M |
| Operating Income Ratio | 2.18% | 5.35% | 11.16% | 11.03% | 9.80% | 7.93% | 9.91% | 11.56% | 11.91% | 16.23% |
| Total Other Income Expenses Net | $-9.49M | $-47.92M | $32.25M | $22.54M | $11.25M | $30.95M | $37.53M | $164.87M | $166.79M | $145.69M |
| Income Before Tax | $419.77M | $247.75M | $1.50B | $1.46B | $995.42M | $658.73M | $577.05M | $560.86M | $464.54M | $433.75M |
| Income Before Tax Ratio | 2.14% | 1.32% | 8.17% | 11.18% | 9.88% | 8.32% | 10.60% | 16.89% | 18.58% | 24.43% |
| Income Tax Expense | $-193.38M | $-250.88M | $-114.03M | $14.85M | $52.35M | $40.76M | $97.87M | $64.08M | $27.96M | $45.26M |
| Net Income | $657.31M | $561.21M | $1.56B | $1.36B | $819.18M | $542.07M | $434.68M | $484.43M | $425.29M | $379.43M |
| Net Income Ratio | 3.35% | 2.98% | 8.50% | 10.47% | 8.13% | 6.85% | 7.98% | 14.59% | 17.01% | 21.37% |
| EPS | $0.28 | $0.24 | $0.70 | $0.64 | $0.39 | $0.27 | $0.22 | $0.25 | $0.23 | $0.21 |
| EPS Diluted | $0.28 | $0.24 | $0.68 | $0.61 | $0.39 | $0.26 | $0.21 | $0.25 | $0.23 | $0.21 |
| Weighted Average Shares Outstanding | 2.35B | 2.32B | 2.22B | 2.13B | 2.10B | 2.01B | 1.98B | 1.96B | 1.88B | 1.78B |
| Weighted Average Shares Outstanding Diluted | 2.35B | 2.32B | 2.29B | 2.24B | 2.10B | 2.08B | 2.07B | 1.96B | 1.88B | 1.78B |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $3.56B | $4.35B | $5.87B | $5.35B | $3.83B | $2.40B | $2.64B | $2.54B | $2.64B | $1.07B |
| Short Term Investments | $1 | $-1.42B | $-1.69B | $-1.38B | $-1.05B | $-797.22M | $-591.05M | $-313.70M | $-88.12M | $-34.83M |
| Cash and Short Term Investments | $3.56B | $4.35B | $5.87B | $5.35B | $3.83B | $2.40B | $2.64B | $2.54B | $2.64B | $1.07B |
| Net Receivables | $13.52B | $11.37B | $9.84B | $6.21B | $5.31B | $3.59B | $2.65B | $1.83B | $1.45B | $1.21B |
| Inventory | $2.46B | $2.73B | $2.43B | $2.38B | $826.41M | $1.04B | $890.41M | $604.04M | $312.68M | $180.65M |
| Other Current Assets | $1.66B | $1.31B | $1.91B | $1.04B | $1.57B | $688.94M | $687.18M | $414.11M | $229.55M | $110.67M |
| Total Current Assets | $21.20B | $19.76B | $19.00B | $14.98B | $11.43B | $7.76B | $7.24B | $5.53B | $4.77B | $2.56B |
| Property Plant Equipment Net | $5.99B | $3.70B | $3.25B | $2.11B | $2.14B | $2.19B | $1.65B | $1.33B | $1.06B | $766.82M |
| Goodwill | $1.13B | $1.14B | $1.13B | $1.11B | $1.12B | $1.12B | $1.12B | $1.13B | $493.91M | $493.91M |
| Intangible Assets | $3.82B | $3.48B | $3.19B | $3.00B | $2.79B | $2.25B | $1.69B | $1.36B | $905.79M | $785.10M |
| Goodwill and Intangible Assets | $4.95B | $4.62B | $4.31B | $4.11B | $3.91B | $3.37B | $2.81B | $2.49B | $1.40B | $1.28B |
| Long Term Investments | $2.00B | $3.19B | $3.71B | $3.03B | $2.12B | $1.61B | $1.31B | $901.86M | $580.09M | $179.93M |
| Tax Assets | $2.04B | $1.41B | $1.11B | $610.71M | $496.79M | $331.43M | $270.13M | $134.73M | $105.40M | $61.55M |
| Other Non-Current Assets | $1.65B | $174.12M | $8.87M | $5.30M | $5.72M | $33.78M | $59.42M | $25.89M | $482.13M | $318.03M |
| Total Non-Current Assets | $16.63B | $13.10B | $12.39B | $9.86B | $8.67B | $7.54B | $6.10B | $4.88B | $3.62B | $2.61B |
| Other Assets | $- | $1 | $- | $- | $- | $1 | $- | $- | $1 | $- |
| Total Assets | $37.83B | $32.86B | $31.39B | $24.84B | $20.10B | $15.30B | $13.34B | $10.41B | $8.39B | $5.17B |
| Account Payables | $7.88B | $7.49B | $6.38B | $5.23B | $3.09B | $2.16B | $1.35B | $913.30M | $768.92M | $604.35M |
| Short Term Debt | $242.72M | $785.25M | $525.43M | $642.62M | $763.21M | $826.57M | $420.57M | $305.90M | $222.00M | $9.00M |
| Tax Payables | $394.08M | $341.98M | $409.73M | $406.16M | $313.97M | $259.76M | $261.76M | $143.77M | $63.46M | $81.44M |
| Deferred Revenue | $- | $1.05B | $4.06B | $3.99B | $2.04B | $259.76M | $2.00B | $830.82M | $384.93M | $327.63M |
| Other Current Liabilities | $4.39B | $3.46B | $2.96B | $2.44B | $660.21M | $2.30B | $2.46B | $1.16B | $546.66M | $381.14M |
| Total Current Liabilities | $12.91B | $12.08B | $11.66B | $10.39B | $6.87B | $5.81B | $4.50B | $2.52B | $1.60B | $1.08B |
| Long Term Debt | $4.80B | $2.05B | $742.92M | $82.47M | $397.60M | $382.70M | $460.70M | $370.83M | $37.44M | $- |
| Deferred Revenue Non-Current | $775.65M | $686.61M | $651.30M | $576.06M | $402.33M | $285.22M | $103.23M | $50.39M | $35.24M | $37.67M |
| Deferred Tax Liabilities Non-Current | $570.88M | $194.16M | $213.90M | $110.65M | $83.95M | $51.34M | $35.06M | $42.09M | $37.02M | $34.07M |
| Other Non-Current Liabilities | $1.04B | $1.00B | $789.77M | $702.99M | $616.28M | $574.47M | $396.91M | $210.88M | $156.43M | $120.82M |
| Total Non-Current Liabilities | $7.19B | $3.93B | $2.40B | $1.47B | $1.50B | $1.28B | $892.67M | $674.18M | $266.13M | $192.56M |
| Other Liabilities | $-13 | $1 | $1 | $1 | $- | $- | $- | $- | $1 | $1 |
| Total Liabilities | $20.10B | $16.01B | $14.06B | $11.86B | $8.37B | $7.09B | $5.39B | $3.20B | $1.87B | $1.27B |
| Preferred Stock | $0 | $272.72M | $209.67M | $267.50M | $289.81M | $0 | $1 | $1 | $1 | $0 |
| Common Stock | $2.32B | $2.32B | $2.32B | $2.22B | $2.20B | $2.09B | $1.39B | $1.32B | $1.29B | $802.99M |
| Retained Earnings | $5.37B | $5.01B | $4.85B | $3.76B | $2.87B | $2.21B | $1.81B | $1.51B | $1.17B | $884.01M |
| Accumulated Other Comprehensive Income Loss | $813.58K | $-272.72M | $-209.67M | $-267.50M | $-289.81M | $-729.17M | $-530.36M | $-395.19M | $-282.48M | $-195.05M |
| Other Total Stockholders Equity | $9.35B | $9.06B | $9.81B | $6.68B | $6.82B | $3.55B | $5.13B | $4.23B | $4.38B | $2.21B |
| Total Stockholders Equity | $17.03B | $16.40B | $16.78B | $12.67B | $11.42B | $7.97B | $7.72B | $7.06B | $6.27B | $3.71B |
| Total Equity | $17.73B | $16.85B | $17.34B | $12.97B | $11.73B | $8.21B | $7.95B | $7.22B | $6.52B | $3.90B |
| Total Liabilities and Stockholders Equity | $37.83B | $32.86B | $31.39B | $24.84B | $20.10B | $15.30B | $13.34B | $10.41B | $8.39B | $5.17B |
| Minority Interest | $699.75M | $447.02M | $556.52M | $303.81M | $316.88M | $240.65M | $234.79M | $157.33M | $255.43M | $194.79M |
| Total Liabilities and Total Equity | $37.83B | $32.86B | $31.39B | $24.84B | $20.10B | $15.30B | $13.34B | $10.41B | $8.39B | $5.17B |
| Total Investments | $2.00B | $1.77B | $2.02B | $1.65B | $1.07B | $815.43M | $715.22M | $588.16M | $491.96M | $145.11M |
| Total Debt | $5.04B | $2.83B | $1.45B | $910.29M | $1.16B | $1.19B | $881.27M | $676.73M | $259.44M | $9.00M |
| Net Debt | $1.48B | $-1.51B | $-4.42B | $-4.44B | $-2.67B | $-1.21B | $-1.76B | $-1.86B | $-2.39B | $-1.06B |
Cash Flow Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $657.31M | $498.63M | $1.61B | $1.44B | $943.07M | $617.97M | $479.18M | $496.78M | $436.58M | $388.49M |
| Depreciation and Amortization | $1.93B | $1.67B | $1.45B | $1.18B | $898.74M | $587.21M | $387.46M | $314.15M | $265.62M | $191.79M |
| Deferred Income Tax | $- | $-329.48M | $-412.06M | $-88.32M | $-141.27M | $-68.04M | $-98.51M | $-26.23M | $-41.94M | $- |
| Stock Based Compensation | $-1.95M | $- | $- | $- | $- | $- | $- | $- | $- | $16.92M |
| Change in Working Capital | $-2.86B | $-2.77B | $-2.55B | $-400.48M | $-552.63M | $-196.44M | $-617.85M | $-406.83M | $-152.70M | $-155.15M |
| Accounts Receivables | $-3.22B | $-2.98B | $-3.60B | $-1.27B | $-1.72B | $-1.18B | $-1.45B | $-789.31M | $-414.86M | $-494.57M |
| Inventory | $254.88M | $-321.88M | $-87.87M | $-2.05B | $209.30M | $-169.21M | $-272.49M | $-266.64M | $-137.09M | $-47.83M |
| Accounts Payables | $393.78M | $856.60M | $1.55B | $3.01B | $1.10B | $1.22B | $1.21B | $675.35M | $441.19M | $- |
| Other Working Capital | $-295.95M | $-329.48M | $-412.06M | $-88.32M | $-141.27M | $-27.23M | $-345.36M | $-140.19M | $-15.61M | $-107.32M |
| Other Non Cash Items | $626.39M | $1.44B | $380.37M | $47.30M | $242.29M | $139.40M | $113.94M | $-104.80M | $-33.90M | $-5.04M |
| Net Cash Provided by Operating Activities | $349.76M | $630.76M | $893.08M | $2.27B | $1.53B | $1.15B | $362.73M | $299.30M | $515.60M | $420.08M |
| Investments in Property Plant and Equipment | $-4.08B | $-2.27B | $-2.08B | $-1.25B | $-1.89B | $-1.82B | $-1.04B | $-1.07B | $-889.96M | $-580.18M |
| Acquisitions Net | $301.28K | $-25.51M | $3.85M | $63.30M | $4.41M | $-375.43M | $-103.71M | $-117.48M | $-679.04K | $-125.71M |
| Purchases of Investments | $-475.87M | $-278.75M | $-690.60M | $-568.83M | $-1.18B | $-278.90M | $-489.74M | $-195.62M | $-547.30M | $-506.18M |
| Sales Maturities of Investments | $514.50M | $832.67M | $142.85M | $765.28M | $117.58M | $512.04M | $71.22M | $395.60M | $33.12M | $50.09M |
| Other Investing Activities | $64.20M | $35.82M | $46.50M | $254.34M | $42.78M | $45.96M | $58.48M | $60.00M | $48.22M | $43.88M |
| Net Cash Used for Investing Activities | $-3.98B | $-1.70B | $-2.58B | $-735.29M | $-2.90B | $-1.92B | $-1.50B | $-922.51M | $-1.36B | $-1.12B |
| Debt Repayment | $3.30B | $1.36B | $-218.66M | $-242.77M | $-63.75M | $342.35M | $204.54M | $437.65M | $247.05M | $-18.92M |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $143.48M | $- | $- |
| Common Stock Repurchased | $-209.52M | $-787.27M | $-16.76M | $-9.34M | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $-229.71M | $-231.13M | $-441.98M | $-219.69M | $-219.86M | $-193.53M | $-168.10M | $-153.77M | $-132.92M | $-93.94M |
| Other Financing Activities | $-241.07M | $-662.94M | $3.10B | $528.52M | $2.80B | $204.99M | $1.22B | $51.26M | $2.30B | $123.20M |
| Net Cash Used Provided by Financing Activities | $2.83B | $-318.37M | $2.38B | $-95.18M | $2.58B | $353.81M | $1.26B | $478.61M | $2.42B | $10.34M |
| Effect of Forex Changes on Cash | $9.32M | $20.25M | $-5.65M | $-3.03M | $862.33K | $4.63M | $-324.27K | $178.02K | $-256.67K | $-2.50K |
| Net Change in Cash | $-789.94M | $-1.37B | $686.91M | $1.44B | $1.21B | $-413.08M | $119.46M | $-144.42M | $1.58B | $-687.68M |
| Cash at End of Period | $3.38B | $4.17B | $5.54B | $4.86B | $3.42B | $2.21B | $2.62B | $2.50B | $2.64B | $1.07B |
| Cash at Beginning of Period | $4.17B | $5.54B | $4.86B | $3.42B | $2.21B | $2.62B | $2.50B | $2.64B | $1.07B | $1.75B |
| Operating Cash Flow | $349.76M | $630.76M | $893.08M | $2.27B | $1.53B | $1.15B | $362.73M | $299.30M | $515.60M | $420.08M |
| Capital Expenditure | $-4.08B | $-2.27B | $-2.08B | $-1.25B | $-1.89B | $-1.82B | $-1.04B | $-1.07B | $-889.96M | $-580.18M |
| Free Cash Flow | $-3.73B | $-1.64B | $-1.19B | $1.02B | $-355.12M | $-675.19M | $-673.08M | $-765.70M | $-374.35M | $-160.10M |