Balance Sheet Qudian Inc.

Equities

QD

US7477981069

Financial Technology (Fintech)

Market Closed - Nyse Other stock markets 01:30:02 12/09/2024 am IST			5-day change	1st Jan Change
1.840 ^USD	0.00%		+5.14%	-9.80%

10/09	Asian Equities Traded in the US as American Depositary Receipts Decline in Tuesday Trading	MT
06/09	Qudian Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2024	CI

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Published financial data: QUDIAN INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	5.29B	687M	327M	215M	126M
Interest And Invest. Income (Rev)	3.51B	2.1B	1.26B	309M	-
Other Revenues, Total	-	826M	3.93M	-	-
Total Revenues	8.8B	3.62B	1.59B	524M	126M
Cost of Goods Sold, Total	3.18B	2.5B	147M	383M	155M
Gross Profit	5.61B	1.11B	1.44B	141M	-28.82M
Selling General & Admin Expenses, Total	598M	579M	571M	559M	277M
Provision for Bad Debts	-	-	-	-221M	200K
R&D Expenses	174M	171M	141M	58.28M	47.76M
Other Operating Expenses	-153M	-416M	-150M	-90.7M	-58.37M
Other Operating Expenses, Total	619M	334M	562M	306M	267M
Operating Income	4.99B	778M	877M	-165M	-296M
Interest And Investment Income	20.87M	708M	129M	113M	255M
Net Interest Expenses	20.87M	708M	129M	113M	255M
Income (Loss) On Equity Invest.	-	-370M	-222M	14M	3.21M
Currency Exchange Gains (Loss)	6.64M	-107K	-51.36K	250K	-2.93M
Other Non Operating Income (Expenses)	14.26M	17.1M	218M	-67.19M	148M
EBT, Excl. Unusual Items	5.03B	1.13B	1B	-105M	107M
Asset Writedown	-	-	-156M	-269M	-5.89M
Other Unusual Items	-1.14B	87.89M	-	104M	-
EBT, Incl. Unusual Items	3.89B	1.22B	846M	-270M	101M
Income Tax Expense	626M	262M	260M	92.43M	62.34M
Earnings From Continuing Operations	3.26B	959M	586M	-362M	39.13M
Net Income to Company	3.26B	959M	586M	-362M	39.13M
Minority Interest	-	-	3.15M	87.83K	-
Net Income - (IS)	3.26B	959M	589M	-362M	39.13M
Net Income to Common Incl Extra Items	3.26B	959M	589M	-362M	39.13M
Net Income to Common Excl. Extra Items	3.26B	959M	589M	-362M	39.13M
Per Share Items
Net EPS - Basic	11.72	3.78	2.32	-1.47	0.18
Basic EPS - Continuing Operations	11.72	3.78	2.32	-1.47	0.18
Basic Weighted Average Shares Outstanding	279M	254M	253M	246M	217M
Net EPS - Diluted	10.94	3.59	2.27	-1.47	0.18
Diluted EPS - Continuing Operations	10.94	3.59	2.27	-1.47	0.18
Diluted Weighted Average Shares Outstanding	300M	274M	266M	246M	222M
Normalized Basic EPS	11.3	2.79	2.49	-0.27	0.31
Normalized Diluted EPS	10.47	2.58	2.37	-0.27	0.3
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	5.01B	788M	899M	-157M	-282M
EBITA	4.99B	778M	877M	-165M	-296M
EBIT	4.99B	778M	877M	-165M	-296M
EBITDAR	5.05B	822M	980M	-101M	-255M
Total Revenues (As Reported)	8.84B	3.69B	1.65B	577M	126M
Effective Tax Rate - (Ratio)	16.1	21.46	30.77	-34.28	61.43
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	494M	129M	135M	71.57M	64.46M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	132M	133M	125M	20.86M	-2.12M
Normalized Net Income	3.15B	708M	630M	-65.34M	67.11M
Interest Capitalized	-	-	7M	7M	2M
Interest on Long-Term Debt	23.93M	27.11M	15.98M	3.44M	2M
Supplemental Operating Expense Items
Advertising Expense	85.93M	153M	19.05M	208M	947K
Selling and Marketing Expenses	281M	293M	127M	272M	3.8M
General and Administrative Expenses	286M	252M	443M	287M	274M
Research And Development Expense From Footnotes	205M	171M	141M	58.28M	47.76M
Net Rental Expense, Total	30.86M	33.53M	80.88M	56.02M	27.36M
Imputed Operating Lease Interest Expense	-	-	4.37M	5.29M	3.95M
Imputed Operating Lease Depreciation	-	-	76.51M	50.72M	23.41M
Stock-Based Comp., R&D Exp. (Total)	8.51M	2.83M	3.93M	2.42M	20.26K
Stock-Based Comp., S&M Exp. (Total)	4.48M	1.91M	1.73M	528K	266K
Stock-Based Comp., G&A Exp. (Total)	74.31M	40.89M	29.68M	21.1M	4.65M
Total Stock-Based Compensation	87.3M	45.63M	35.34M	24.05M	4.94M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	2.86B	1.54B	2.07B	3.49B	7.21B
Short Term Investments	-	5.04B	5.93B	5.38B	2.2B
Total Cash And Short Term Investments	2.86B	6.58B	7.99B	8.86B	9.4B
Accounts Receivable, Total	11.03B	4.21B	2.43B	1.38M	25.88M
Other Receivables	745M	545M	1.38B	1.19B	445M
Total Receivables	11.78B	4.76B	3.81B	1.19B	471M
Inventory	8.92M	91.9M	15.21M	117M	10.38M
Prepaid Expenses	33.08M	46.68M	36.12M	15.11M	-
Restricted Cash	1.26B	135M	178M	86.37M	59.44M
Other Current Assets, Total	1.08B	78.63M	185M	785M	215M
Total Current Assets	17.02B	11.69B	12.22B	11.06B	10.16B
Gross Property Plant And Equipment	-	-	1B	916M	1.51B
Accumulated Depreciation	-	-	-43.83M	-39.2M	-35.53M
Net Property Plant And Equipment	242M	514M	960M	877M	1.47B
Long-term Investments	268M	559M	372M	350M	347M
Other Intangibles, Total	6.8M	8.48M	11.01M	9.7M	3.09M
Accounts Receivable Long-Term	514M	51.86M	430K	-	-
Deferred Tax Assets Long-Term	290M	155M	87.29M	-	-
Other Long-Term Assets, Total	17.7M	419M	443M	451M	499M
Total Assets	18.36B	13.4B	14.09B	12.75B	12.48B
Liabilities
Accounts Payable, Total	27.25M	14.96M	32.1M	52.63M	109M
Accrued Expenses, Total	459M	223M	250M	104M	31.91M
Short-term Borrowings	1.05B	-	-	29.06M	-
Current Portion of Leases	21.92M	23.76M	37.47M	6.31M	29.94M
Current Income Taxes Payable	590M	80.66M	78.29M	90.75M	112M
Other Current Liabilities	1.75B	130M	95.94M	303M	471M
Total Current Liabilities	3.9B	473M	494M	585M	754M
Long-Term Debt	2.34B	924M	827M	116M	-
Long-Term Leases	21.69M	80.24M	179M	426K	39.76M
Deferred Tax Liability Non Current	179M	10.92M	68.54M	2.12M	-
Total Liabilities	6.44B	1.49B	1.57B	704M	794M
Preferred Stock Convertible	-	-	-	-	-
Total Preferred Equity	-	-	-	-	-
Common Stock, Total	175K	176K	176K	176K	176K
Additional Paid In Capital	3.97B	4.01B	4.02B	4.04B	4.03B
Retained Earnings	8.33B	8.32B	8.9B	8.54B	8.58B
Treasury Stock	-362M	-372M	-346M	-487M	-900M
Comprehensive Income and Other	-12.97M	-51.42M	-59M	-45.96M	-24.13M
Total Common Equity	11.92B	11.9B	12.52B	12.04B	11.69B
Minority Interest	-	10M	6.85M	-	-
Total Equity	11.92B	11.91B	12.52B	12.04B	11.69B
Total Liabilities And Equity	18.36B	13.4B	14.09B	12.75B	12.48B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	254M	253M	252M	225M	189M
ECS Total Common Shares Outstanding	254M	253M	254M	232M	201M
Book Value / Share	47	47.03	49.33	51.85	58.26
Tangible Book Value	11.92B	11.89B	12.51B	12.03B	11.68B
Tangible Book Value Per Share	46.97	47	49.29	51.81	58.25
Total Debt	3.43B	1.03B	1.04B	152M	69.7M
Net Debt	572M	-5.55B	-6.95B	-8.71B	-9.33B
Debt Equivalent Oper. Leases	247M	268M	647M	448M	219M
Minority Interest, Total (Incl. Fin. Div)	-	10M	6.85M	-	-
Equity Method Investments, Total	44.78M	349M	85.58M	133M	137M
Account Code - Inventory Valuation	8	8	8	8	8
Machinery, Total	-	-	20.06M	20.54M	196M
Full Time Employees	947	1.05K	940	215	305
Accumulated Allowance for Doubtful Accounts (Supple)	1.55B	870M	272M	21.5K	205K

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	3.26B	959M	589M	-362M	39.13M
Depreciation & Amortization - CF	46.2M	10.42M	21.62M	64.33M	41.27M
Depreciation & Amortization, Total	46.2M	10.42M	21.62M	64.33M	41.27M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	-
(Gain) Loss From Sale Of Asset	279K	-	256K	8.23M	2.57M
(Gain) Loss on Sale of Investments - (CF)	-	-25.48M	7.42M	99.65M	199K
Asset Writedown & Restructuring Costs	-	-	156M	270M	5.89M
Provision for Credit Losses	2.28B	1.41B	-212M	-214M	-4.95M
(Income) Loss On Equity Investments - (CF)	3.42M	370M	222M	-14M	-3.21M
Stock-Based Compensation (CF)	87.3M	45.63M	35.34M	24.05M	4.94M
Provision and Write-off of Bad Debts	-	-3.09M	-87.78K	-31.17K	200K
Other Operating Activities, Total	13.71M	-342M	121M	109M	-122M
Change In Accounts Receivable	-2.09B	2.98B	165M	72.04M	-26.08M
Change In Accounts Payable	-	-	-	-	-
Change In Deferred Taxes	132M	133M	125M	20.86M	-2.12M
Change in Other Net Operating Assets	1.77B	-3.06B	-310M	183M	416M
Cash from Operations	5.5B	2.47B	922M	261M	352M
Capital Expenditure	-76.39M	-222M	-478M	-274M	-565M
Investment in Marketable and Equity Securities, Total	-234M	-5.75B	-1.06B	487M	3.49B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-620M	2.7B	1.92B	2.57B	5.95M
Other Investing Activities, Total	531K	-	-630M	-902M	965M
Cash from Investing	-930M	-3.27B	-247M	1.88B	3.9B
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	4.54B	102M	42.9M	-	-
Total Debt Issued	4.54B	102M	42.9M	-	-
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-5.4B	-1.9B	-119M	-689M	-145M
Total Debt Repaid	-5.4B	-1.9B	-119M	-689M	-145M
Issuance of Common Stock	4.32K	431	1.24K	141	213
Repurchase of Common Stock	-2.09B	-15.53M	-	-146M	-421M
Other Financing Activities, Total	-424M	220M	-7.72M	-	-
Cash from Financing	-3.37B	-1.59B	-84.19M	-835M	-566M
Foreign Exchange Rate Adjustments	76.08M	-56.19M	-20.84M	18.62M	12.54M
Net Change in Cash	1.28B	-2.45B	570M	1.33B	3.69B
Supplemental Items
Cash Interest Paid	362M	26.08M	7.72M	1.71M	-
Cash Income Tax Paid (Refund)	264M	638M	138M	59.11M	43.37M
Levered Free Cash Flow	2.67B	7B	1.02B	1.84B	910M
Unlevered Free Cash Flow	2.67B	7B	1.02B	1.84B	910M
Change In Net Working Capital	508M	-6.67B	-892M	-2.13B	-1.61B
Net Debt Issued / Repaid	-861M	-1.8B	-76.47M	-689M	-145M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	18.03	3.06	3.99	-0.77	-1.47
Return on Total Capital	20.49	3.44	4.14	-0.8	-1.54
Return On Equity %	28.7	8.05	4.8	-2.95	0.33
Return on Common Equity	28.7	8.05	4.83	-2.95	0.33
Margin Analysis
Gross Profit Margin %	63.79	30.76	90.74	26.9	-22.81
SG&A Margin	6.79	16.02	35.96	106.68	219.56
EBITDA Margin %	57.01	21.8	56.66	-29.89	-223.12
EBITA Margin %	56.76	21.51	55.3	-31.4	-234.13
EBIT Margin %	56.76	21.51	55.3	-31.4	-234.13
Income From Continuing Operations Margin %	37.11	26.52	36.93	-69.09	30.98
Net Income Margin %	37.11	26.52	37.13	-69.07	30.98
Net Avail. For Common Margin %	37.11	26.52	37.13	-69.07	30.98
Normalized Net Income Margin	35.77	19.58	39.7	-12.47	53.12
Levered Free Cash Flow Margin	30.35	193.47	64.21	350.65	719.93
Unlevered Free Cash Flow Margin	30.35	193.47	64.21	350.65	719.93
Asset Turnover
Asset Turnover	0.51	0.23	0.12	0.04	0.01
Fixed Assets Turnover	65.66	9.57	2.15	0.57	0.11
Receivables Turnover (Average Receivables)	0.51	0.09	0.1	0.18	9.27
Inventory Turnover (Average Inventory)	46.52	49.67	2.74	5.81	2.44
Short Term Liquidity
Current Ratio	4.37	24.74	24.76	18.91	13.47
Quick Ratio	3.76	23.99	23.92	17.19	13.09
Operating Cash Flow to Current Liabilities	1.41	5.23	1.87	0.45	0.47
Days Sales Outstanding (Average Receivables)	720.41	4.06K	3.7K	2.06K	39.37
Days Outstanding Inventory (Average Inventory)	7.85	7.37	133.06	62.85	149.49
Average Days Payable Outstanding