Liquidity Ratios

Current Ratio

Acid Test (quick) Ratio

Inventory turnover

Profitability Ratios

Profit margin

Asset Turnover

Return on Asset

Return on common stockholders equities

Earnings per Shares (EPS)

Price-Earnings (P-E) Ratio

Payout ratio

Solvency Ratios

Debt to assets ratio

Time interest earned

 Formula

{Current Assets/ Current Liabilities}

{(Net Account Receivable + Cash +Short-term Investment) / (Current Liabilities)}

{Cost of sales/ Average Inventory}

{Net Income / Net Sales}

{Net Sales / Average Total Assets}

Net Income/ Average Total Assets}

{Dividends/ Average Common Stockholders’ Equity

{Dividends/ Weighted Average Common Shares Outstanding}

{Market Price per Share/ Earnings Per Share}

{Cash Dividends declared on common stock/ Net Income}

{Total Liabilities/ Total Assets}

{(Net Income + Interest Expense + Income tax Expense)/ Interest Expense}

 2015/2016 Rate

134070/ 52039 2.58

{(11738 + 106818 +8878)/ 52039} 2.45

{34355/ (8878+17806/2)} 2.58

71460/29102 0.91

{101143/ (364450+255434/2)} 0.33

{71460/ (364450+506812/2)} 0.26

2562/71460 0.04

2562/2458 1.04

27.89/ 29.07 0.96

71460/ 24149 2.96

{147463/ 364450} 0.41

{(71460+8449+1946)/ 8449} 9.69

ALIBABA GROUP HOLDING LTD ADR (BABA) Statement of CASH FLOW

Fiscal year ends in March. CNY in millions except per share data. 2015

Cash Flows From Operating Activities

Net income 24320

Depreciation & amortization 4415

Amortization of debt discount/premium and issuance costs 166

Investment/asset impairment charges 175

Deferred income taxes 1659

Stock based compensation 13028

Prepaid expenses -2253

Income taxes payable 1410

Other working capital 2697

Other non-cash items -4400

Net cash provided by operating activities 41217

Cash Flows From Investing Activities

Investments in property, plant, and equipment -4770

Acquisitions, net -11526

Purchases of investments -35231

Sales/Maturities of investments 1038

Purchases of intangibles -2935

Other investing charges -30

Net cash used for investing activities -53454

Cash Flows From Financing Activities

Short-term borrowing 1070

Long-term debt issued 156781

Long-term debt repayment -131807

Excess tax benefit from stock based compensation

Common stock issued 61831

Repurchases of treasury stock -270

Cash dividends paid -104

Other financing activities -4

Net cash provided by (used for) financing activities 87497

Effect of exchange rate changes -112

Net change in cash 75148

Cash at beginning of period 33045

Cash at end of period 108193

Operating cash flow 41217

Capital expenditure -7705

Free cash flow 33512

2016

71289

6701

264

2319

1226

16082

-4012

1237

10567

-48837

56836

-5438

3395

-52988

12198

-5407

5409

-42831

1859

765

-146

1120
 693

-19795

-342

-15846

466

-1375

108193

106818

56836

-10845

45991
ALIBABA GROUP HOLDING LTD ADR (BABA) CashFlowFlag INCOME STATEMENT

Fiscal year ends in March. CNY in millions except per share data. 2015
Revenue 76204
Cost of revenue 23834
Gross profit 52370
Operating expenses
Sales, General and administrative 16313
Other operating expenses 12922
Total operating expenses 29235
Operating income 23135
Interest Expense 2750
Other income (expense) 11941
Income before income taxes 32326
Provision for income taxes 6416
Minority interest 59
Other income -1531
Net income from continuing operations 24320
Other -59
Net income 24261
Preferred dividend 112
Net income available to common shareholders 24149
Earnings per share
Basic 10.33
Diluted 9.7
Weighted average shares outstanding
Basic 2337
Diluted 2500
EBITDA 39491
2016
101143
34355
66788

20512
17174
37686
29102
1946
54312
81468
8449
-171
-1901
71289
171
71460

71460

29.07
27.89

2458
2562
90115
ALIBABA GROUP HOLDING LTD ADR (BABA) CashFlowFlag BALANCE SHEET
Fiscal year ends in March. CNY in millions except per share data. 2015 2016
Cash and cash equivalents 108193 106818
Short-term investments 17806 8878
Total cash 125999 115696
Receivables 11163 11738
Deferred income taxes 256 451
Prepaid expenses 815 3891
Other current assets 3876 2294
Total current assets 142109 134070
Fixtures and equipment 10259 13772
Other properties 4646 8038
Property and equipment, at cost 14905 21810
Accumulated Depreciation -5766 -8181
Property, plant and equipment, net 9139 13629
Equity and other investments 48488 120853
Goodwill 41933 81645
Intangible assets 9680 8246
Deferred income taxes 157 30
Other long-term assets 3928 5977
Total non-current assets 113325 230380
Total assets 255434 364450
Short-term debt 1990 4304
Taxes payable 3368 3733
Accrued liabilities 13412 23562
Deferred revenues 7914 10297
Other current liabilities 12988 10143
Total current liabilities 39672 52039
Long-term debt 50603 53467
Deferred taxes liabilities 4493 6471
Deferred revenues 445 418
Minority interest 11974 32552
Other long-term liabilities 2808 2516
Total non-current liabilities 70323 95424
Total liabilities 109995 147463
Common stock 1 1
Additional paid-in capital 117142 132206
Retained earnings 24842 78752
Accumulated other comprehensive income 3454 6028
Total stockholders' equity 145439 216987
Total liabilities and stockholders' equity 255434 364450
 Shares  % Total Shares
Name Held Shares Held Change
VA CollegeAmerica EuroPacific Gr 529F 23189745 0.92 -1099500
Oppenheimer Developing Markets A 11726146 0.46 -1082756
VA CollegeAmerica Grth Fund of Amer 529F 11566100 0.46 -28000
Vanguard International Growth Inv 9584201 0.38 -222212
T. Rowe Price Blue Chip Growth 9454380 0.37 983500
T. Rowe Price Growth Stock 8488974 0.34 -193500
Vanguard PRIMECAP Inv 8316073 0.33 0
iShares Core MSCI Emerging Markets 7698030 0.3 25404
Harbor Capital Appreciation Instl 6534271 0.26 -993083
Harbor International Institutional 6092443 0.24 -419301
VA CollegeAmerica Cap World G/I 529E 5832280 0.23 0
Vanguard Emerging Mkts Stock Idx Inv 4409383 0.17 4409383
Fidelity® Series Emerging Markets 4366906 0.17 185600
Artisan International Investor 3511593 0.14 -203135
Vanguard Total Intl Stock Index Inv 3413638 0.13 3413638
T. Rowe Price Emerging Markets Stock 3160974 0.12 241300
Fidelity® Contrafund® 3045081 0.12 60600
Virtus Emerging Markets Opportunities I 2841470 0.11 -449762
VA CollegeAmerica New World 529F 2652900 0.1 -141200
Loomis Sayles Growth Y 2651723 0.1 0
% Chg from  % Total Date of 
Prior Port Assets Portfolio
-4.53 2.76 43008
-8.45 5.46 43008
-0.24 1.24 43008
-2.27 5.14 43008
11.61 3.85 43008
-2.23 2.98 43008
0 2.46 43008
0.33 3.53 43039
-13.19 4.01 43008
-6.44 3.24 43008
0 1.13 43008
New 0.88 43008
4.44 4.83 43008
-5.47 4.32 43008
New 0.19 43008
8.26 5.29 43008
2.03 0.45 43008
-13.67 5.96 43008
-5.05 1.45 43008
0 6.41 43008