Li Auto Inc. (LI) quarterly cash flow statement — complete operating, investing & financing history
Li Auto Inc. (LI) cash flow statement — 8-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | 15.03M | -6.09B | 3.52B | -7.4B | -3.04B | -1.7B | 8.68B | 11.02B | -429.4M | -3.34B | 17.29B | 14.51B | 11.11B | 7.78B | 4.93B | -508.26M | 1.13B | 1.83B | 3.84B | 2.17B |
| Operating CF Margin % | 0.06% | -26.66% | 12.41% | -26.99% | -10% | -6.55% | 20.68% | 25.53% | -1.36% | -13.04% | 42.29% | 41.51% | 37.59% | 41.22% | 28.98% | -5.22% | 12.76% | 19.17% | 36.28% | 27.97% |
| Operating CF Growth % | 100.49% | -258.09% | -59.43% | -167.08% | -607.09% | 49.11% | -49.81% | -24% | -103.86% | -142.96% | 251.13% | 2954.16% | 883.91% | 324.28% | 28.37% | -123.43% | -19.77% | 97.96% | 110.66% | 133.34% |
| Net Income | -1.7B | -2.29B | 21.51M | -624.98M | 1.09B | 650.32M | 3.39B | 2.83B | 1.1B | 592.56M | 5.66B | 2.82B | 2.31B | 933.84M | 265.3M | -1.65B | -641.05M | -10.87M | 295.51M | -21.51M |
| Depreciation & Amortization | 0 | 0 | 2.91B | 0 | 1.72B | 0 | 1.76B | 0 | 1.3B | 0 | 1.03B | 0 | 413.67M | 358.5M | 428.58M | 379.92M | 203.6M | 201.75M | 207.82M | 157.18M |
| Stock-Based Compensation | 206.73M | 168.05M | 254.2M | 264.7M | 371.22M | 367.64M | 513.07M | 1.03B | 402.11M | 685.23M | 826.62M | 654.4M | 417.44M | 480.23M | 702.3M | 405.31M | 457.61M | 487.95M | 390.86M | 357.18M |
| Deferred Taxes | 0 | 0 | -925.49M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.54M | 38.93M | -67.28M | -38.01M | -19.45M | -3.6M | 0 | 0 |
| Other Non-Cash Items | 1.51B | -3.97B | 11.33B | -7.04B | -1.17B | -2.72B | 58.75M | 7.16B | -349.65M | -4.62B | 8.43B | 11.03B | -83.87M | -150.32M | 333.1M | 817.72M | 47.65M | 40.05M | 2.43B | 2.16B |
| Working Capital Changes | 0 | 0 | -10.07B | 0 | -5.06B | 0 | 2.97B | 0 | -2.89B | 0 | 1.35B | 0 | 8.05B | 6.12B | 3.26B | -427.47M | 1.08B | 1.12B | 517.19M | -482.45M |
| Change in Receivables | 0 | 0 | -35.28M | 0 | 49.38M | 0 | 22.61M | 0 | -14.41M | 0 | -58.97M | 0 | -30.53M | -5.61M | -15.17M | 49.25M | 58.07M | -19.94M | 147.18M | -148.25M |
| Change in Inventory | 0 | 0 | 2.2B | 0 | -4.78B | 0 | 47.86M | 0 | -3.15B | 0 | -1.71B | 0 | 353.8M | 105.44M | -1.76B | -2.72B | -1.09B | -353.24M | -121.19M | -395.18M |
| Change in Payables | 0 | 0 | -13.02B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6.06B | 5.32B | 4.96B | 2.29B | 1.6B | 1.74B | 0 | 0 |
| Cash from Investing | 2.92B | -8.18B | 2.11B | 8.37B | -226.72M | -10.96B | -19.99B | -14.21B | -3.84B | -3.1B | -469.1M | -4.42B | 7.57B | -2.69B | -5.31B | 119.88M | -740.52M | 1.56B | -7.11B | 6.96B |
| Capital Expenditures | -1.32B | -1.3B | -2.57B | 0 | -1.64B | 0 | -2.62B | -1.97B | -3.14B | -1.71B | -2.66B | -1.28B | -1.49B | -1.08B | -1.67B | -1.49B | -640.93M | -1.33B | -1.66B | -1B |
| CapEx % of Revenue | 5.14% | 5.68% | 9.06% | 3.82% | 5.39% | 0.9% | 6.24% | 4.57% | 9.91% | 6.68% | 6.49% | 3.67% | 5.04% | 5.71% | 9.82% | 15.28% | 7.24% | 13.92% | 15.68% | 12.95% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.09M | 0 | 0 | 0 | -563.12M | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 4.24B | -6.88B | 2.48B | 8.37B | 1.41B | -10.96B | -17.37B | -12.24B | -703.13M | -1.39B | 2.19B | -3.14B | 149.43M | 41K | 3.77M | 36.88M | -36.12M | 246.05M | -4.89B | 7.97B |
| Cash from Financing | -5.49B | 337.3M | 178.56M | 597.47M | -70.04M | 61.41M | -734.47M | 238.31M | -104.74M | 185.26M | 863.36M | 1.37B | -1.85B | -195.82M | 251.02M | 3.46B | 1.03B | 902.99M | 165.03M | 11.01B |
| Debt Issued (Net) | 0 | 0 | 692.74M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.86B | -196.28M | 252.28M | 991.09M | 936.99M | 900M | 0 | 0 |
| Equity Issued (Net) | 0 | 0 | 14.66M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3.14M | 2.47B | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -34.97M | 0 |
| Other Financing | -5.49B | 337.3M | -528.84M | 597.47M | -70.04M | 61.41M | -734.47M | 238.31M | -104.74M | 185.26M | 863.36M | 1.37B | 1.98M | 462K | 1.89M | 1.99M | 89.86M | 2.99M | 165.03M | 11.01B |
| Net Change in Cash | -2.74B | -14.04B | 5.58B | 1.53B | -3.44B | -12.67B | -11.69B | -3.2B | -4.34B | -6.2B | 17.64B | 11.43B | 16.97B | 4.87B | -151.59M | 3.47B | 2.38B | 4.22B | -3.47B | 20.13B |
| Free Cash Flow | -1.3B | -7.39B | 950.99M | -6.35B | -4.67B | -1.47B | 6.06B | 9.05B | -3.57B | -5.06B | 14.64B | 13.22B | 9.62B | 6.7B | 3.26B | -2B | 488.48M | 501.95M | 2.18B | 1.16B |
| FCF Margin % | -5.08% | -32.34% | 3.35% | -23.17% | -15.39% | -5.65% | 14.43% | 20.96% | -11.27% | -19.73% | 35.79% | 37.84% | 32.55% | 35.51% | 19.17% | -20.5% | 5.52% | 5.25% | 20.6% | 15.02% |
| FCF Growth % | 72.15% | -403.45% | -84.31% | -170.15% | -31.01% | 70.97% | -58.61% | -31.55% | -137.06% | -175.43% | 349.39% | 762.76% | 1869.66% | 1235.19% | 49.52% | -271.28% | -50.26% | -11.97% | 36.23% | 55.35% |
| FCF per Share | -1.29 | -7.29 | 0.91 | -6.29 | -4.36 | -1.37 | 5.68 | 8.52 | -3.36 | -4.74 | 13.75 | 12.48 | 9.13 | 6.37 | 3.12 | -2.06 | 0.51 | 0.52 | 2.12 | 1.25 |
| FCF Conversion (FCF/Net Income) | -0.01x | 2.68x | 547.73x | 11.82x | -2.77x | -2.61x | 2.56x | 3.89x | -0.39x | -5.64x | 3.12x | 5.10x | 4.70x | 8.33x | 19.91x | 0.30x | -1.80x | -168.67x | 13.04x | -101.12x |
| Interest Paid | 0 | 0 | 102.3M | 0 | 40.16M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 1.46B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |