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 Xiaomi.
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 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $270.97B | $280.04B | $328.31B | $245.87B | $205.84B | $174.92B | $114.62B | $68.43B | $66.81B |
| Cost of Revenue | $213.49B | $232.47B | $270.05B | $209.11B | $177.28B | $152.72B | $99.47B | $61.18B | $64.11B |
| Gross Profit | $57.48B | $47.58B | $58.26B | $36.75B | $28.55B | $22.19B | $15.15B | $7.25B | $2.70B |
| Gross Profit Ratio | 21.21% | 16.99% | 17.70% | 14.95% | 13.87% | 12.69% | 13.22% | 10.59% | 4.04% |
| Research and Development Expenses | $19.10B | $16.03B | $13.17B | $9.26B | $7.49B | $5.78B | $3.15B | $2.10B | $1.51B |
| General and Administrative Expenses | $5.13B | $5.11B | $4.74B | $3.75B | $3.10B | $12.10B | $1.22B | $926.83M | $766.25M |
| Selling and Marketing Expenses | $19.23B | $21.32B | $20.98B | $14.54B | $10.38B | $7.99B | $3.01B | $1.58B | $632.84M |
| Selling General and Administrative Expenses | $24.35B | $26.44B | $25.72B | $18.29B | $13.48B | $20.09B | $4.22B | $2.50B | $1.40B |
| Other Expenses | $-5.98B | $-1.01B | $-657.18M | $-561.52M | $-305.86M | $12.59B | $-54.14B | $-2.52B | $-8.74B |
| Operating Expenses | $37.47B | $41.46B | $38.23B | $26.98B | $20.67B | $25.51B | $9.47B | $5.71B | $4.07B |
| Cost and Expenses | $250.96B | $273.92B | $308.28B | $236.09B | $197.95B | $178.24B | $108.94B | $66.90B | $68.18B |
| Interest Income | $3.56B | $2.25B | $1.23B | $963.55M | $930.89M | $621.26M | $81.57M | $6.34M | $101.01M |
| Interest Expense | $1.56B | $1.13B | $2.84B | $3.36B | $528.46M | $384.69M | $26.78M | $86.25M | $85.87M |
| Depreciation and Amortization | $4.84B | $3.71B | $3.06B | $1.71B | $1.38B | $748.22M | $360.96M | $240.03M | $206.46M |
| EBITDA | $28.40B | $8.77B | $24.28B | $13.53B | $9.87B | $7.41B | $-41.25B | $1.78B | $-7.18B |
| EBITDA Ratio | 10.48% | 3.84% | 7.39% | 5.50% | 4.80% | 5.80% | -0.68% | -1.23% | -15.56% |
| Operating Income | $20.01B | $7.05B | $26.03B | $11.82B | $8.49B | $1.20B | $12.22B | $3.79B | $1.37B |
| Operating Income Ratio | 7.38% | 2.52% | 7.93% | 4.81% | 4.13% | 0.68% | 10.66% | 5.53% | 2.05% |
| Total Other Income Expenses Net | $2.00B | $-3.12B | $-1.61B | $-2.40B | $402.43M | $12.73B | $-54.04B | $-2.61B | $-8.85B |
| Income Before Tax | $22.01B | $3.93B | $24.42B | $21.63B | $12.16B | $13.93B | $-41.83B | $1.18B | $-7.47B |
| Income Before Tax Ratio | 8.12% | 1.40% | 7.44% | 8.80% | 5.91% | 7.96% | -36.49% | 1.72% | -11.18% |
| Income Tax Expense | $4.54B | $1.43B | $5.13B | $1.32B | $2.06B | $449.38M | $2.06B | $683.90M | $154.52M |
| Net Income | $17.48B | $2.47B | $19.34B | $20.36B | $10.04B | $13.55B | $-43.83B | $553.25M | $-7.58B |
| Net Income Ratio | 6.45% | 0.88% | 5.89% | 8.28% | 4.88% | 7.75% | -38.23% | 0.81% | -11.35% |
| EPS | $0.69 | $0.10 | $0.78 | $0.85 | $0.42 | $0.58 | $-1.96 | $0.02 | $-0.34 |
| EPS Diluted | $0.69 | $0.10 | $0.76 | $0.83 | $0.41 | $0.58 | $-1.96 | $0.02 | $-0.34 |
| Weighted Average Shares Outstanding | 25.33B | 24.83B | 24.93B | 23.99B | 23.75B | 23.56B | 22.38B | 22.38B | 22.38B |
| Weighted Average Shares Outstanding Diluted | 25.32B | 25.30B | 25.51B | 24.67B | 24.51B | 23.56B | 22.38B | 22.38B | 22.38B |
| SEC Filing | 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 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $33.63B | $27.61B | $23.51B | $54.75B | $25.92B | $30.23B | $11.56B | $9.23B | $8.39B |
| Short Term Investments | $74.08B | $40.17B | $62.66B | $40.77B | $37.99B | $8.01B | $5.51B | $3.96B | $3.16B |
| Cash and Short Term Investments | $107.71B | $67.78B | $86.17B | $95.53B | $63.91B | $38.24B | $17.08B | $13.19B | $11.55B |
| Net Receivables | $12.28B | $35.25B | $18.00B | $10.36B | $38.33B | $35.01B | $18.24B | $2.09B | $1.47B |
| Inventory | $44.42B | $50.44B | $52.40B | $41.67B | $32.59B | $29.48B | $16.34B | $8.38B | $8.64B |
| Other Current Assets | $34.65B | $30.36B | $29.28B | $28.73B | $34.10B | $3.28B | $9.48B | $6.98B | $3.29B |
| Total Current Assets | $199.05B | $160.41B | $185.85B | $176.28B | $137.54B | $106.01B | $61.14B | $30.64B | $24.95B |
| Property Plant Equipment Net | $23.70B | $19.50B | $10.18B | $7.18B | $7.97B | $5.07B | $1.73B | $848.38M | $290.18M |
| Goodwill | $1.70B | $1.70B | $1.70B | $253.25M | $248.17M | $282.09M | $248.17M | $248.17M | $248.17M |
| Intangible Assets | $6.93B | $3.19B | $11.52B | $8.50B | $4.28B | $5.18B | $5.44B | $4.37B | $2.91B |
| Goodwill and Intangible Assets | $8.63B | $4.89B | $13.22B | $8.76B | $4.53B | $5.46B | $5.69B | $4.61B | $3.15B |
| Long Term Investments | $85.78B | $40.94B | $14.23B | $17.07B | $-7.42B | $19.26B | $15.05B | $10.24B | $6.96B |
| Tax Assets | $- | $2.28B | $1.66B | $2.01B | $1.28B | $1.31B | $591.58M | $446.30M | $394.14M |
| Other Non-Current Assets | $7.09B | $45.49B | $67.75B | $42.38B | $39.73B | $8.11B | $5.66B | $3.98B | $3.38B |
| Total Non-Current Assets | $125.19B | $113.09B | $107.04B | $77.40B | $46.09B | $39.22B | $28.73B | $20.13B | $14.18B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $324.25B | $273.51B | $292.89B | $253.68B | $183.63B | $145.23B | $89.87B | $50.77B | $39.14B |
| Account Payables | $62.10B | $53.09B | $74.64B | $72.20B | $59.53B | $46.29B | $34.00B | $17.58B | $14.23B |
| Short Term Debt | $6.90B | $3.10B | $8.21B | $7.33B | $13.24B | $-1.40B | $211.49M | $1.98B | $31.18M |
| Tax Payables | $1.84B | $2.27B | $3.40B | $1.22B | $1.10B | $854.00M | $480.54M | $299.43M | $131.18M |
| Deferred Revenue | $13.61B | $9.59B | $9.29B | $12.00B | $8.24B | $4.48B | $3.39B | $1.84B | $530.67M |
| Other Current Liabilities | $31.14B | $31.17B | $20.19B | $15.18B | $10.08B | $7.24B | $5.66B | $2.53B | $1.55B |
| Total Current Liabilities | $115.59B | $89.63B | $115.73B | $107.93B | $92.18B | $61.94B | $47.13B | $26.06B | $16.46B |
| Long Term Debt | $22.93B | $22.96B | $22.47B | $11.15B | $5.35B | $7.86B | $7.25B | $390.00M | $3.25B |
| Deferred Revenue Non-Current | $- | $61.00M | $15.79B | $10.17B | $3.74B | $40.73B | $161.64B | $115.90B | $105.94B |
| Deferred Tax Liabilities Non-Current | $- | $983.26M | $1.20B | $300.56M | $579.90M | $777.64M | $1.02B | $458.29M | $103.56M |
| Other Non-Current Liabilities | $21.47B | $15.95B | $1.48B | $420.97M | $701.10M | $4.18B | $1.05B | $7.78M | $15.37M |
| Total Non-Current Liabilities | $44.40B | $39.96B | $39.73B | $21.74B | $9.79B | $12.04B | $169.95B | $116.76B | $109.31B |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $159.99B | $129.58B | $155.46B | $129.67B | $101.97B | $73.98B | $217.08B | $142.82B | $125.77B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $128.96B | $84.81B | $85.15B |
| Common Stock | $407.00K | $406.00K | $407.00K | $409.00K | $388.00K | $377.00K | $150.00K | $150.00K | $150.00K |
| Retained Earnings | $91.57B | $71.41B | $69.30B | $50.91B | $30.77B | $21.02B | $-128.96B | $-84.81B | $-85.15B |
| Accumulated Other Comprehensive Income Loss | $12.08B | $12.95B | $8.54B | $8.16B | $8.03B | $-715.75M | $-510.80M | $-345.73M | $-242.16M |
| Other Total Stockholders Equity | $60.34B | $72.24B | $57.05B | $64.62B | $42.53B | $43.85B | $742.76M | $-92.67B | $-1.83B |
| Total Stockholders Equity | $164.00B | $143.66B | $137.21B | $123.69B | $81.33B | $71.32B | $-127.27B | $-92.19B | $-86.71B |
| Total Equity | $164.26B | $143.92B | $137.43B | $124.01B | $81.66B | $71.25B | $-127.21B | $-92.06B | $-86.64B |
| Total Liabilities and Stockholders Equity | $324.25B | $273.51B | $292.89B | $253.68B | $183.63B | $145.23B | $89.87B | $50.77B | $39.14B |
| Minority Interest | $266.28M | $264.60M | $219.59M | $321.82M | $327.10M | $-72.86M | $61.67M | $133.79M | $76.17M |
| Total Liabilities and Total Equity | $324.25B | $273.51B | $292.89B | $253.68B | $183.63B | $145.23B | $89.87B | $50.77B | $39.14B |
| Total Investments | $162.14B | $81.11B | $76.89B | $57.84B | $30.57B | $27.28B | $20.57B | $14.20B | $10.12B |
| Total Debt | $29.83B | $26.33B | $30.68B | $18.48B | $18.58B | $10.93B | $10.85B | $4.21B | $3.28B |
| Net Debt | $-3.81B | $-1.28B | $7.17B | $-36.28B | $-7.34B | $-19.30B | $-709.83M | $-5.02B | $-5.12B |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Net Income | $22.01B | $3.93B | $24.42B | $21.63B | $12.16B | $13.93B | $-41.83B | $1.18B | $-7.47B |
| Depreciation and Amortization | $4.84B | $3.71B | $3.06B | $1.71B | $1.38B | $748.22M | $360.96M | $240.03M | $206.46M |
| Deferred Income Tax | $- | $- | $-6.02B | $-10.51B | $-1.09B | $-2.34B | $-7.20B | $-2.10B | $-2.22B |
| Stock Based Compensation | $3.38B | $2.50B | $2.04B | $2.33B | $2.20B | $12.38B | $909.15M | $871.23M | $690.74M |
| Change in Working Capital | $17.32B | $-21.25B | $-15.73B | $4.32B | $9.55B | $-13.40B | $-7.28B | $1.73B | $-2.65B |
| Accounts Receivables | $-3.64B | $1.80B | $-3.84B | $-3.55B | $-4.73B | $-2.84B | $-10.25B | $-2.15B | $-632.67M |
| Inventory | $2.17B | $-5.45B | $-13.75B | $-11.60B | $-6.96B | $-16.11B | $-8.62B | $-15.20M | $-777.40M |
| Accounts Payables | $11.15B | $-20.51B | $2.46B | $10.34B | $13.53B | $12.63B | $15.48B | $3.35B | $1.60B |
| Other Working Capital | $7.63B | $2.91B | $-593.05M | $9.13B | $7.71B | $2.72B | $1.33B | $1.75B | $-1.87B |
| Other Non Cash Items | $-6.24B | $6.73B | $2.02B | $2.40B | $-402.43M | $-12.73B | $54.04B | $2.61B | $8.85B |
| Net Cash Provided by Operating Activities | $41.30B | $-4.39B | $9.79B | $21.88B | $23.81B | $-1.41B | $-995.67M | $4.53B | $-2.60B |
| Investments in Property Plant and Equipment | $-6.27B | $-5.80B | $-7.17B | $-3.03B | $-3.41B | $-3.79B | $-1.22B | $-1.83B | $-2.52B |
| Acquisitions Net | $-18.14M | $308.02M | $1.36B | $-1.26B | $-119.95M | $-854.19M | $-156.55M | $-924.61M | $-567.02M |
| Purchases of Investments | $-171.46B | $-150.20B | $-264.03B | $-251.60B | $-164.72B | $-148.52B | $-115.99B | $-56.89B | $-76.51B |
| Sales Maturities of Investments | $138.22B | $169.72B | $223.33B | $236.98B | $135.39B | $145.00B | $114.28B | $55.65B | $80.27B |
| Other Investing Activities | $4.35B | $1.52B | $1.49B | $1.24B | $1.28B | $648.99M | $409.13M | $261.09M | $206.19M |
| Net Cash Used for Investing Activities | $-35.17B | $15.55B | $-45.01B | $-17.68B | $-31.57B | $-7.51B | $-2.68B | $-3.74B | $873.39M |
| Debt Repayment | $3.73B | $-3.97B | $9.23B | $3.80B | $6.62B | $-236.22M | $6.64B | $690.00M | $-755.03M |
| Common Stock Issued | $69.92M | $83.92M | $83.01M | $20.16B | $186.84M | $23.34B | $- | $- | $- |
| Common Stock Repurchased | $-1.36B | $-2.39B | $-7.01B | $-454.87M | $-2.93B | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $-2.95B | $-1.58B | $2.20B | $2.71B | $-752.79M | $3.47B | $-428.68M | $-762.14M | $1.32B |
| Net Cash Used Provided by Financing Activities | $-504.97M | $-7.85B | $4.50B | $26.22B | $3.12B | $26.57B | $6.21B | $-72.14M | $568.38M |
| Effect of Forex Changes on Cash | $397.58M | $791.44M | $-516.89M | $-1.58B | $328.26M | $1.02B | $-208.59M | $112.39M | $288.66M |
| Net Change in Cash | $6.02B | $4.10B | $-31.24B | $28.83B | $-4.31B | $18.67B | $2.33B | $836.24M | $-870.88M |
| Cash at End of Period | $33.63B | $27.61B | $23.51B | $54.75B | $25.92B | $30.23B | $11.56B | $9.23B | $8.39B |
| Cash at Beginning of Period | $27.61B | $23.51B | $54.75B | $25.92B | $30.23B | $11.56B | $9.23B | $8.39B | $9.26B |
| Operating Cash Flow | $41.30B | $-4.39B | $9.79B | $21.88B | $23.81B | $-1.41B | $-995.67M | $4.53B | $-2.60B |
| Capital Expenditure | $-6.27B | $-5.80B | $-7.17B | $-3.03B | $-3.41B | $-3.79B | $-1.22B | $-1.83B | $-2.52B |
| Free Cash Flow | $35.03B | $-10.19B | $2.62B | $18.85B | $20.41B | $-5.20B | $-2.21B | $2.71B | $-5.13B |