Tencent Music Entertainment Group (TME) Financial Statements
Price: $14
Market Cap: $9.80B
Avg Volume: 8.16M
Market Cap: $9.80B
Avg Volume: 8.16M
Country: CN
Industry: Internet Content & Information
Sector: Communication Services
Industry: Internet Content & Information
Sector: Communication Services
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 Tencent Music Entertainment Group.
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 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $28.40B | $27.75B | $28.34B | $31.24B | $29.15B | $25.43B | $18.98B | $10.98B | $4.36B |
| Cost of Revenue | $16.38B | $17.96B | $19.57B | $21.84B | $19.85B | $16.76B | $11.71B | $7.17B | $3.13B |
| Gross Profit | $12.03B | $9.79B | $8.77B | $9.40B | $9.30B | $8.67B | $7.28B | $3.81B | $1.23B |
| Gross Profit Ratio | 42.34% | 35.29% | 30.96% | 30.10% | 31.91% | 34.10% | 38.33% | 34.70% | 28.25% |
| Research and Development Expenses | $- | $- | $2.58B | $2.34B | $1.67B | $1.16B | $937.00M | $797.00M | $449.00M |
| General and Administrative Expenses | $3.81B | $4.12B | $4.41B | $4.01B | $3.10B | $2.70B | $2.26B | $1.52B | $783.00M |
| Selling and Marketing Expenses | $865.00M | $897.00M | $1.14B | $2.68B | $2.48B | $2.04B | $1.71B | $913.00M | $365.00M |
| Selling General and Administrative Expenses | $4.68B | $5.02B | $5.56B | $6.69B | $5.58B | $4.74B | $3.97B | $2.43B | $1.15B |
| Other Expenses | $-1.36B | $-1.28B | $516.00M | $553.00M | $362.00M | $78.00M | $-1.58B | $6.00M | $1.00M |
| Operating Expenses | $3.31B | $3.74B | $5.56B | $6.69B | $5.58B | $4.74B | $3.97B | $2.40B | $1.14B |
| Cost and Expenses | $19.69B | $21.69B | $25.12B | $28.53B | $25.43B | $21.50B | $15.68B | $9.57B | $4.27B |
| Interest Income | $- | $1.05B | $711.00M | $530.00M | $622.00M | $615.00M | $282.00M | $93.00M | $32.00M |
| Interest Expense | $- | $124.00M | $108.00M | $121.00M | $97.00M | $64.00M | $35.00M | $- | $- |
| Depreciation and Amortization | $720.00M | $1.00B | $1.16B | $1.00B | $824.00M | $583.00M | $369.00M | $379.00M | $236.00M |
| EBITDA | $8.23B | $7.17B | $5.65B | $4.75B | $5.55B | $5.19B | $2.41B | $1.98B | $329.00M |
| EBITDA Ratio | 28.99% | 25.85% | 15.81% | 12.01% | 16.22% | 18.10% | 17.41% | 15.45% | 8.07% |
| Operating Income | $8.71B | $6.06B | $4.44B | $2.75B | $4.71B | $4.62B | $2.04B | $1.59B | $103.00M |
| Operating Income Ratio | 30.67% | 21.83% | 15.68% | 8.81% | 16.16% | 18.17% | 10.74% | 14.51% | 2.36% |
| Total Other Income Expenses Net | $2.00M | $-14.00M | $-70.00M | $-168.00M | $-78.00M | $-82.00M | $-36.00M | $185.00M | $20.00M |
| Income Before Tax | $8.71B | $6.04B | $4.37B | $3.63B | $4.63B | $4.54B | $2.00B | $1.60B | $114.00M |
| Income Before Tax Ratio | 30.67% | 21.78% | 15.43% | 11.62% | 15.89% | 17.85% | 10.55% | 14.54% | 2.61% |
| Income Tax Expense | $1.60B | $825.00M | $534.00M | $417.00M | $456.00M | $563.00M | $171.00M | $278.00M | $29.00M |
| Net Income | $6.64B | $4.92B | $3.68B | $3.03B | $4.16B | $3.98B | $1.83B | $1.33B | $82.00M |
| Net Income Ratio | 23.39% | 17.73% | 12.98% | 9.69% | 14.25% | 15.66% | 9.65% | 12.08% | 1.88% |
| EPS | $2.12 | $1.55 | $0.58 | $0.91 | $1.25 | $1.22 | $0.60 | $0.41 | $0.03 |
| EPS Diluted | $2.12 | $1.56 | $0.57 | $0.90 | $1.24 | $1.19 | $0.58 | $0.41 | $0.03 |
| Weighted Average Shares Outstanding | 3.13B | 3.17B | 3.20B | 3.32B | 3.31B | 3.27B | 3.08B | 3.25B | 3.25B |
| Weighted Average Shares Outstanding Diluted | 3.13B | 3.17B | 3.23B | 3.36B | 3.36B | 3.35B | 3.16B | 3.27B | 3.27B |
| SEC Filing | 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 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $13.16B | $13.57B | $9.55B | $6.59B | $11.13B | $15.43B | $17.36B | $5.17B | $3.07B |
| Short Term Investments | $14.04B | $9.97B | $11.33B | $13.84B | $14.89B | $7.04B | $81.00M | $- | $261.00M |
| Cash and Short Term Investments | $27.21B | $23.54B | $20.88B | $20.43B | $26.02B | $22.47B | $17.44B | $5.17B | $3.33B |
| Net Receivables | $3.51B | $2.92B | $2.67B | $3.61B | $2.80B | $2.20B | $1.48B | $1.30B | $809.00M |
| Inventory | $23.00M | $8.00M | $14.00M | $24.00M | $18.00M | $26.00M | $35.00M | $30.00M | $14.00M |
| Other Current Assets | $3.80B | $3.47B | $2.74B | $2.54B | $2.66B | $2.02B | $1.71B | $961.00M | $842.00M |
| Total Current Assets | $34.54B | $29.94B | $26.56B | $26.79B | $31.69B | $26.91B | $20.78B | $7.47B | $5.00B |
| Property Plant Equipment Net | $1.10B | $857.00M | $721.00M | $526.00M | $487.00M | $327.00M | $168.00M | $127.00M | $108.00M |
| Goodwill | $19.65B | $19.54B | $19.49B | $19.12B | $17.49B | $17.14B | $17.09B | $16.26B | $15.76B |
| Intangible Assets | $4.41B | $4.47B | $4.85B | $4.32B | $2.02B | $1.62B | $1.76B | $1.72B | $2.01B |
| Goodwill and Intangible Assets | $24.06B | $24.01B | $24.34B | $23.45B | $19.51B | $18.76B | $18.85B | $17.98B | $17.77B |
| Long Term Investments | $29.89B | $19.84B | $14.33B | $15.40B | $15.33B | $5.67B | $3.78B | $4.12B | $302.00M |
| Tax Assets | $- | $- | $347.00M | $346.00M | $303.00M | $192.00M | $123.00M | $105.00M | $87.00M |
| Other Non-Current Assets | $847.00M | $892.00M | $709.00M | $743.00M | $956.00M | $816.00M | $901.00M | $204.00M | $272.00M |
| Total Non-Current Assets | $55.90B | $45.60B | $40.45B | $40.46B | $36.59B | $25.76B | $23.83B | $22.53B | $18.54B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $90.44B | $75.54B | $67.01B | $67.25B | $68.27B | $52.68B | $44.60B | $30.00B | $23.54B |
| Account Payables | $9.03B | $5.01B | $5.00B | $4.33B | $3.56B | $2.56B | $1.83B | $1.04B | $998.00M |
| Short Term Debt | $106.00M | $115.00M | $123.00M | $92.00M | $103.00M | $69.00M | $- | $- | $- |
| Tax Payables | $- | $775.00M | $404.00M | $363.00M | $445.00M | $386.00M | $338.00M | $229.00M | $74.00M |
| Deferred Revenue | $- | $- | $2.17B | $1.83B | $1.61B | $1.69B | $1.54B | $1.05B | $415.00M |
| Other Current Liabilities | $7.41B | $6.12B | $6.09B | $3.71B | $3.78B | $5.41B | $2.53B | $2.25B | $1.04B |
| Total Current Liabilities | $16.55B | $12.01B | $11.72B | $10.45B | $9.60B | $8.49B | $6.24B | $3.53B | $2.52B |
| Long Term Debt | $3.79B | $5.93B | $5.84B | $5.27B | $5.39B | $78.00M | $- | $- | $- |
| Deferred Revenue Non-Current | $- | $148.00M | $106.00M | $86.00M | $78.00M | $67.00M | $40.00M | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $239.00M | $211.00M | $271.00M | $265.00M | $297.00M | $354.00M | $304.00M | $350.00M |
| Other Non-Current Liabilities | $377.00M | $- | $- | $125.00M | $204.00M | $- | $201.00M | $- | $28.00M |
| Total Non-Current Liabilities | $4.17B | $6.32B | $6.17B | $5.75B | $5.94B | $510.00M | $595.00M | $325.00M | $378.00M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $20.72B | $18.33B | $17.88B | $16.20B | $15.54B | $9.00B | $6.83B | $3.85B | $2.90B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $2.00M | $2.00M | $2.00M | $2.00M | $2.00M | $2.00M | $2.00M | $2.00M | $2.00M |
| Retained Earnings | $20.05B | $17.19B | $12.05B | $14.19B | $11.11B | $7.01B | $3.04B | $1.23B | $-57.00M |
| Accumulated Other Comprehensive Income Loss | $19.32B | $9.66B | $6.14B | $3.73B | $6.30B | $2.19B | $903.00M | $997.00M | $617.00M |
| Other Total Stockholders Equity | $28.48B | $29.06B | $29.91B | $32.40B | $34.83B | $34.39B | $33.78B | $23.91B | $20.06B |
| Total Stockholders Equity | $67.86B | $55.91B | $48.10B | $50.32B | $52.24B | $43.59B | $37.72B | $26.14B | $20.62B |
| Total Equity | $69.73B | $57.20B | $49.13B | $51.05B | $52.73B | $43.68B | $37.77B | $26.15B | $20.63B |
| Total Liabilities and Stockholders Equity | $90.44B | $75.54B | $67.01B | $67.25B | $68.27B | $52.68B | $44.60B | $30.00B | $23.54B |
| Minority Interest | $1.86B | $1.29B | $1.03B | $738.00M | $486.00M | $88.00M | $51.00M | $7.00M | $9.00M |
| Total Liabilities and Total Equity | $90.44B | $75.54B | $67.01B | $67.25B | $68.27B | $52.68B | $44.60B | $30.00B | $23.54B |
| Total Investments | $43.94B | $29.81B | $25.66B | $29.24B | $30.22B | $12.71B | $3.87B | $4.12B | $563.00M |
| Total Debt | $3.90B | $6.05B | $5.96B | $5.36B | $5.50B | $147.00M | $- | $- | $- |
| Net Debt | $-9.27B | $-7.52B | $-3.59B | $-1.23B | $-5.63B | $-15.28B | $-17.36B | $-5.17B | $-3.07B |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Net Income | $6.64B | $6.04B | $4.37B | $3.63B | $4.63B | $4.54B | $2.00B | $1.60B | $114.00M |
| Depreciation and Amortization | $- | $1.00B | $1.16B | $1.00B | $824.00M | $583.00M | $369.00M | $379.00M | $236.00M |
| Deferred Income Tax | $- | $- | $- | $-196.00M | $-64.00M | $160.00M | $150.00M | $-188.00M | $-20.00M |
| Stock Based Compensation | $681.00M | $670.00M | $665.00M | $647.00M | $569.00M | $519.00M | $487.00M | $362.00M | $170.00M |
| Change in Working Capital | $- | $786.00M | $2.22B | $573.00M | $-497.00M | $982.00M | $1.39B | $455.00M | $405.00M |
| Accounts Receivables | $- | $-204.00M | $906.00M | $-769.00M | $-520.00M | $-733.00M | $-182.00M | $-447.00M | $-266.00M |
| Inventory | $- | $7.00M | $10.00M | $-6.00M | $8.00M | $9.00M | $-4.00M | $-16.00M | $-11.00M |
| Accounts Payables | $- | $52.00M | $663.00M | $631.00M | $644.00M | $717.00M | $780.00M | $4.00M | $315.00M |
| Other Working Capital | $- | $931.00M | $642.00M | $717.00M | $-629.00M | $989.00M | $792.00M | $914.00M | $367.00M |
| Other Non Cash Items | $2.95B | $-1.17B | $-938.00M | $-418.00M | $-579.00M | $-584.00M | $1.24B | $-105.00M | $-32.00M |
| Net Cash Provided by Operating Activities | $10.28B | $7.34B | $7.48B | $5.24B | $4.88B | $6.20B | $5.63B | $2.50B | $873.00M |
| Investments in Property Plant and Equipment | $- | $-165.00M | $-1.05B | $-2.76B | $-501.00M | $-286.00M | $-144.00M | $-77.00M | $-41.00M |
| Acquisitions Net | $- | $-9.00M | $-144.00M | $-1.71B | $-525.00M | $-44.00M | $-693.00M | $-15.00M | $676.00M |
| Purchases of Investments | $- | $-13.69B | $-34.71B | $-17.51B | $-33.56B | $-12.34B | $-340.00M | $-61.00M | $- |
| Sales Maturities of Investments | $- | $12.83B | $34.38B | $15.89B | $20.34B | $4.59B | $11.00M | $261.00M | $371.00M |
| Other Investing Activities | $-6.82B | $-829.00M | $78.00M | $89.00M | $46.00M | $-14.00M | $-24.00M | $-591.00M | $-510.00M |
| Net Cash Used for Investing Activities | $-6.82B | $-1.86B | $-1.45B | $-6.00B | $-14.21B | $-8.10B | $-1.19B | $-483.00M | $496.00M |
| Debt Repayment | $- | $-116.00M | $-130.00M | $-116.00M | $5.33B | $-56.00M | $- | $- | $- |
| Common Stock Issued | $- | $52.00M | $- | $- | $- | $15.00M | $7.32B | $- | $1.90B |
| Common Stock Repurchased | $- | $-1.25B | $-3.13B | $-3.48B | $-134.00M | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $-74.00M | $-88.00M | $- | $-32.00M | $-19.00M | $- | $- |
| Other Financing Activities | $-3.83B | $-225.00M | $-91.00M | $-40.00M | $96.00M | $42.00M | $441.00M | $99.00M | $-189.00M |
| Net Cash Used Provided by Financing Activities | $-3.83B | $-1.54B | $-3.42B | $-3.71B | $5.29B | $-31.00M | $7.74B | $99.00M | $1.71B |
| Effect of Forex Changes on Cash | $-30.00M | $76.00M | $348.00M | $-67.00M | $-269.00M | $3.00M | $-1.00M | $-13.00M | $-10.00M |
| Net Change in Cash | $-403.00M | $4.01B | $2.96B | $-4.54B | $-4.30B | $-1.93B | $12.18B | $2.10B | $3.07B |
| Cash at End of Period | $13.16B | $13.57B | $9.55B | $6.59B | $11.13B | $15.43B | $17.36B | $5.17B | $3.07B |
| Cash at Beginning of Period | $13.57B | $9.55B | $6.59B | $11.13B | $15.43B | $17.36B | $5.17B | $3.07B | $- |
| Operating Cash Flow | $10.28B | $7.34B | $7.48B | $5.24B | $4.88B | $6.20B | $5.63B | $2.50B | $873.00M |
| Capital Expenditure | $- | $-1.16B | $-1.05B | $-2.76B | $-501.00M | $-286.00M | $-144.00M | $-77.00M | $-41.00M |
| Free Cash Flow | $10.28B | $6.17B | $6.43B | $2.48B | $4.38B | $5.91B | $5.49B | $2.42B | $832.00M |