GDS Holdings (GDS) Financial Statements
Price: $27.67
Market Cap: $5.65B
Avg Volume: 3.42M
Market Cap: $5.65B
Avg Volume: 3.42M
Country: CN
Industry: Information Technology Services
Sector: Technology
Industry: Information Technology Services
Sector: Technology
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 GDS Holdings.
Income Statement
| Breakdown | December 31, 2024 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $10.32B | $9.96B | $9.33B | $7.82B | $5.74B | $4.12B | $2.79B | $1.62B | $1.06B | $703.64M |
| Cost of Revenue | $8.10B | $8.03B | $7.39B | $6.04B | $4.19B | $3.08B | $2.17B | $1.21B | $790.29M | $515.00M |
| Gross Profit | $2.22B | $1.92B | $1.94B | $1.78B | $1.55B | $1.04B | $622.44M | $408.47M | $265.67M | $188.64M |
| Gross Profit Ratio | 21.53% | 19.30% | 20.76% | 22.80% | 27.02% | 25.29% | 22.29% | 25.27% | 25.16% | 26.81% |
| Research and Development Expenses | $36.32M | $38.16M | $35.81M | $39.34M | $40.05M | $21.63M | $13.91M | $7.26M | $9.10M | $3.55M |
| General and Administrative Expenses | $852.58M | $1.19B | $1.19B | $1.02B | $702.52M | $411.42M | $329.60M | $228.86M | $227.37M | $128.71M |
| Selling and Marketing Expenses | $116.44M | $144.15M | $150.43M | $148.61M | $134.94M | $129.90M | $110.57M | $90.12M | $71.58M | $57.59M |
| Selling General and Administrative Expenses | $1.03B | $1.33B | $1.34B | $1.17B | $837.46M | $541.32M | $440.17M | $318.98M | $298.95M | $186.30M |
| Other Expenses | $- | $3.01B | $97.49M | $86.65M | $32.00M | $15.46M | $8.65M | $3.50M | $2.50M | $1.17M |
| Operating Expenses | $1.07B | $4.38B | $1.37B | $1.21B | $877.51M | $562.95M | $454.09M | $326.24M | $308.05M | $185.94M |
| Cost and Expenses | $9.17B | $12.42B | $8.76B | $7.25B | $5.07B | $3.64B | $2.62B | $1.53B | $1.10B | $700.94M |
| Interest Income | $- | $97.55M | $42.46M | $50.45M | $29.01M | $53.02M | $19.21M | $5.60M | $2.07M | $1.35M |
| Interest Expense | $- | $2.04B | $1.85B | $1.60B | $1.29B | $915.68M | $636.97M | $406.40M | $263.16M | $126.90M |
| Depreciation and Amortization | $3.24B | $3.63B | $3.29B | $2.66B | $1.66B | $1.14B | $741.51M | $378.13M | $227.35M | $145.41M |
| EBITDA | $4.39B | $1.36B | $4.19B | $3.36B | $2.43B | $1.68B | $958.03M | $457.16M | $207.86M | $150.63M |
| EBITDA Ratio | 42.58% | 13.71% | 41.30% | 41.86% | 40.83% | 39.72% | 32.90% | 28.70% | 17.75% | 21.41% |
| Operating Income | $1.15B | $-2.46B | $551.78M | $569.52M | $672.94M | $479.78M | $168.35M | $82.23M | $-42.37M | $-1.22M |
| Operating Income Ratio | 11.16% | -24.69% | 5.92% | 7.28% | 11.73% | 11.64% | 6.03% | 5.09% | -4.01% | -0.17% |
| Total Other Income Expenses Net | $-1.77B | $-1.84B | $-1.54B | $-1.52B | $-1.22B | $-906.21M | $-608.01M | $-415.20M | $-242.35M | $-109.35M |
| Income Before Tax | $-614.86M | $-4.30B | $-989.88M | $-948.75M | $-548.44M | $-426.43M | $-439.66M | $-332.98M | $-284.73M | $-110.57M |
| Income Before Tax Ratio | -5.96% | -43.19% | -10.61% | -12.13% | -9.56% | -10.34% | -15.75% | -20.60% | -26.96% | -15.71% |
| Income Tax Expense | $156.05M | $-14.78M | $276.24M | $242.46M | $120.78M | $15.65M | $-9.39M | $-6.08M | $-8.31M | $-11.98M |
| Net Income | $3.43B | $-4.29B | $-1.27B | $-1.19B | $-669.21M | $-442.08M | $-430.27M | $-326.90M | $-276.41M | $-98.58M |
| Net Income Ratio | 33.19% | -43.09% | -13.58% | -15.24% | -11.66% | -10.72% | -15.41% | -20.23% | -26.18% | -14.01% |
| EPS | $-1.09 | $-2.96 | $-1.03 | $-0.90 | $-0.59 | $-0.45 | $-0.44 | $-0.42 | $-1.35 | $-0.99 |
| EPS Diluted | $-4.51 | $-2.96 | $-1.03 | $-0.90 | $-0.59 | $-0.45 | $-0.44 | $-0.42 | $-1.35 | $-0.99 |
| Weighted Average Shares Outstanding | 759.71M | 1.45B | 1.41B | 1.40B | 1.16B | 974.83M | 990.26M | 784.57M | 204.94M | 99.20M |
| Weighted Average Shares Outstanding Diluted | 184.38M | 1.47B | 1.46B | 1.45B | 1.25B | 1.10B | 990.26M | 784.57M | 299.09M | 217.99M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $7.87B | $7.71B | $8.61B | $9.97B | $16.26B | $5.81B | $2.16B | $1.87B | $1.81B | $924.50M |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $7.87B | $7.71B | $8.61B | $9.97B | $16.26B | $5.81B | $2.16B | $1.87B | $1.81B | $924.50M |
| Net Receivables | $3.02B | $2.55B | $2.41B | $1.73B | $1.48B | $879.96M | $536.84M | $364.65M | $198.85M | $111.01M |
| Inventory | $- | $- | $1 | $2.22B | $250.81M | $115.21M | $64.93M | $103.61M | $126.70M | $91.00M |
| Other Current Assets | $723.46M | $727.03M | $936.92M | $2.76B | $579.01M | $393.81M | $338.93M | $215.93M | $200.14M | $151.19M |
| Total Current Assets | $11.61B | $10.98B | $11.95B | $14.46B | $18.32B | $7.08B | $3.04B | $2.45B | $2.21B | $1.19B |
| Property Plant Equipment Net | $45.40B | $52.94B | $52.55B | $44.65B | $32.66B | $19.98B | $13.99B | $8.17B | $4.32B | $2.51B |
| Goodwill | $- | $7.08B | $8.12B | $8.36B | $3.38B | $2.30B | $1.75B | $1.57B | $1.34B | $1.29B |
| Intangible Assets | $6.39B | $710.94M | $23.00M | $634.95M | $678.19M | $747.19M | $1.24B | $374.71M | $119.36M | $74.34M |
| Goodwill and Intangible Assets | $6.39B | $7.79B | $8.15B | $8.99B | $4.06B | $3.05B | $2.23B | $1.92B | $1.43B | $1.37B |
| Long Term Investments | $7.54B | $- | $- | $-186.50M | $-146.09M | $-72.93M | $-36.97M | $-14.30M | $-12.63M | $- |
| Tax Assets | $- | $289.85M | $229.00M | $186.50M | $146.09M | $72.93M | $36.97M | $14.30M | $12.63M | $2.36M |
| Other Non-Current Assets | $2.70B | $2.45B | $1.94B | $3.52B | $2.22B | $1.38B | $1.62B | $605.72M | $237.01M | $57.52M |
| Total Non-Current Assets | $62.04B | $63.46B | $62.86B | $57.17B | $38.94B | $24.41B | $17.85B | $10.69B | $5.99B | $3.94B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $73.65B | $74.45B | $74.81B | $71.63B | $57.26B | $31.49B | $20.89B | $13.14B | $8.20B | $5.13B |
| Account Payables | $2.59B | $3.42B | $3.09B | $3.90B | $3.66B | $1.68B | $1.51B | $1.11B | $513.54M | $215.66M |
| Short Term Debt | $5.10B | $3.56B | $6.34B | $6.79B | $2.49B | $1.42B | $1.45B | $888.43M | $717.07M | $476.96M |
| Tax Payables | $- | $210.29M | $257.57M | $180.65M | $142.06M | $121.57M | $43.90M | $20.12M | $26.73M | $23.25M |
| Deferred Revenue | $- | $119.89M | $156.13M | $90.99M | $96.67M | $96.32M | $77.88M | $55.61M | $40.66M | $46.51M |
| Other Current Liabilities | $1.39B | $988.16M | $759.39M | $2.50B | $2.44B | $1.24B | $704.28M | $560.54M | $249.92M | $267.95M |
| Total Current Liabilities | $9.08B | $8.31B | $10.60B | $13.47B | $7.64B | $4.00B | $3.51B | $2.42B | $1.48B | $925.05M |
| Long Term Debt | $39.36B | $44.43B | $38.35B | $31.00B | $22.14B | $15.54B | $11.34B | $5.76B | $3.57B | $2.03B |
| Deferred Revenue Non-Current | $- | $- | $60.44M | $67.15M | $21.07M | $21.93M | $9.77M | $16.79M | $14.05M | $16.27M |
| Deferred Tax Liabilities Non-Current | $- | $- | $1.41B | $734.28M | $462.01M | $252.67M | $171.88M | $124.28M | $53.28M | $37.69M |
| Other Non-Current Liabilities | $1.54B | $1.59B | $207.81M | $1.84B | $1.43B | $1.39B | $331.04M | $342.11M | $97.66M | $116.70M |
| Total Non-Current Liabilities | $40.90B | $46.02B | $40.03B | $33.63B | $24.05B | $17.20B | $11.86B | $6.25B | $3.74B | $2.15B |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $49.98B | $54.32B | $50.63B | $47.10B | $31.69B | $21.20B | $15.36B | $8.67B | $5.22B | $3.07B |
| Preferred Stock | $1.08B | $1.06B | $1.05B | $958.48M | $1.10B | $1.06B | $- | $- | $- | $2.40B |
| Common Stock | $527.00K | $516.00K | $516.00K | $507.00K | $507.00K | $412.00K | $341.00K | $320.00K | $260.00K | $76.00K |
| Retained Earnings | $-6.04B | $-9.47B | $-5.18B | $-3.91B | $-2.72B | $-2.06B | $-1.62B | $-1.19B | $-858.66M | $-582.25M |
| Accumulated Other Comprehensive Income Loss | $-1.09B | $-974.39M | $-848.36M | $-599.19M | $-439.63M | $-52.68M | $-139.25M | $-200.69M | $-192.08M | $-61.95M |
| Other Total Stockholders Equity | $29.60B | $29.34B | $29.05B | $28.02B | $28.73B | $11.34B | $7.28B | $5.86B | $4.04B | $303.62M |
| Total Stockholders Equity | $23.54B | $19.96B | $24.07B | $24.47B | $25.57B | $10.29B | $5.52B | $4.48B | $2.99B | $2.05B |
| Total Equity | $23.67B | $20.12B | $24.18B | $24.53B | $25.69B | $10.29B | $5.52B | $4.48B | $2.99B | $2.05B |
| Total Liabilities and Stockholders Equity | $73.65B | $74.45B | $74.81B | $71.63B | $57.26B | $31.49B | $20.89B | $13.14B | $8.20B | $5.13B |
| Minority Interest | $129.93M | $165.58M | $116.59M | $59.17M | $120.82M | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $73.65B | $74.45B | $74.81B | $71.63B | $57.26B | $31.49B | $20.89B | $13.14B | $8.20B | $5.13B |
| Total Investments | $7.54B | $1.40B | $- | $-186.50M | $-146.09M | $-72.93M | $-36.97M | $-14.30M | $-12.63M | $- |
| Total Debt | $44.46B | $47.99B | $44.68B | $37.79B | $24.63B | $16.95B | $12.79B | $6.65B | $4.29B | $2.51B |
| Net Debt | $36.59B | $40.28B | $36.08B | $27.82B | $8.37B | $11.14B | $10.63B | $4.78B | $2.48B | $1.58B |
Cash Flow Statement
| Breakdown | December 31, 2024 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $3.43B | $-4.29B | $-1.27B | $-1.19B | $-669.21M | $-442.08M | $-430.27M | $-326.90M | $-276.41M | $-98.58M |
| Depreciation and Amortization | $3.35B | $3.63B | $3.19B | $2.62B | $1.64B | $1.14B | $741.51M | $378.13M | $227.35M | $145.41M |
| Deferred Income Tax | $- | $-295.93M | $-99.15M | $-48.46M | $-89.74M | $-50.17M | $-36.60M | $-11.62M | $-10.62M | $-10.59M |
| Stock Based Compensation | $296.49M | $336.62M | $290.81M | $391.27M | $333.69M | $189.76M | $105.88M | $59.84M | $64.17M | $4.06M |
| Change in Working Capital | $-543.70M | $-484.86M | $674.09M | $-809.89M | $-1.02B | $-646.26M | $-457.25M | $-322.16M | $-158.41M | $-120.59M |
| Accounts Receivables | $- | $-156.33M | $-678.83M | $-37.99M | $-465.19M | $-342.19M | $-157.71M | $-134.63M | $-79.38M | $-37.65M |
| Inventory | $- | $- | $- | $-847.05M | $-692.71M | $-359.33M | $-303.71M | $-285.72M | $-119.56M | $-89.90M |
| Accounts Payables | $- | $17.98M | $189.71M | $35.50M | $119.16M | $22.54M | $25.29M | $33.90M | $43.84M | $-5.15M |
| Other Working Capital | $-543.70M | $-346.51M | $1.16B | $39.66M | $15.30M | $32.72M | $-21.13M | $64.28M | $-3.31M | $12.11M |
| Other Non Cash Items | $-4.59B | $3.17B | $69.36M | $242.76M | $131.11M | $100.16M | $63.83M | $48.10M | $3.70M | $-11.91M |
| Net Cash Provided by Operating Activities | $1.94B | $2.07B | $2.86B | $1.20B | $320.89M | $293.44M | $-12.91M | $-174.61M | $-150.23M | $-80.30M |
| Investments in Property Plant and Equipment | $-2.97B | $-6.25B | $-7.80B | $-9.70B | $-8.02B | $-4.55B | $-4.26B | $-1.76B | $-987.70M | $-732.98M |
| Acquisitions Net | $1.13B | $-133.81M | $-3.47B | $-4.01B | $-1.36B | $-578.61M | $-475.07M | $-275.61M | $-159.36M | $- |
| Purchases of Investments | $- | $- | $-6.24M | $-3.00M | $-4.50M | $-6.00M | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $3.00M | $- | $36.70M | $- | $- | $- | $- |
| Other Investing Activities | $-6.92B | $61.30M | $6.24M | $20.87M | $4.50M | $-30.70M | $-1.00M | $-6.03M | $-42.00M | $1.07M |
| Net Cash Used for Investing Activities | $-8.76B | $-6.33B | $-11.27B | $-13.69B | $-9.38B | $-5.13B | $-4.73B | $-2.04B | $-1.15B | $-731.90M |
| Debt Repayment | $- | $3.24B | $4.98B | $7.02B | $3.18B | $2.38B | $3.82B | $1.79B | $1.04B | $1.17B |
| Common Stock Issued | $- | $- | $- | $- | $15.97B | $4.93B | $1.28B | $649.83M | $1.22B | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-23.30M |
| Dividends Paid | $- | $-53.92M | $-51.58M | $-49.22M | $-65.49M | $-25.01M | $- | $- | $-76.50M | $- |
| Other Financing Activities | $17.06B | $-44.86M | $-68.45M | $1.15B | $1.06B | $1.07B | $1.05B | $566.61M | $1.16B | $-67.98M |
| Net Cash Used Provided by Financing Activities | $17.06B | $3.14B | $4.86B | $8.12B | $20.14B | $8.36B | $4.88B | $2.35B | $2.13B | $1.13B |
| Effect of Forex Changes on Cash | $-13.59M | $154.30M | $416.20M | $-95.54M | $-566.87M | $164.37M | $206.30M | $-74.25M | $55.50M | $2.26M |
| Net Change in Cash | $10.22B | $-964.13M | $-3.14B | $-4.47B | $10.52B | $3.69B | $337.15M | $62.13M | $886.82M | $317.74M |
| Cash at End of Period | $18.14B | $7.92B | $8.88B | $12.03B | $16.49B | $5.97B | $2.28B | $1.87B | $1.81B | $924.50M |
| Cash at Beginning of Period | $7.92B | $8.88B | $12.03B | $16.49B | $5.97B | $2.28B | $1.95B | $1.81B | $924.50M | $606.76M |
| Operating Cash Flow | $1.94B | $2.07B | $2.86B | $1.20B | $320.89M | $293.44M | $-12.91M | $-174.61M | $-150.23M | $-80.30M |
| Capital Expenditure | $-2.97B | $-6.25B | $-7.80B | $-9.70B | $-8.02B | $-4.55B | $-4.26B | $-1.76B | $-987.70M | $-732.98M |
| Free Cash Flow | $-1.03B | $-4.19B | $-4.95B | $-8.50B | $-7.70B | $-4.26B | $-4.27B | $-1.93B | $-1.14B | $-813.28M |