Li Auto reported cash from operations of -$883.01M and free cash flow of -$692.07M for the quarter ended Mar 2026, down 276.7% year over year. This cash flow statement covers 28 quarters of results from Dec 2017 through Mar 2026, standardized by Business Quant from the company’s SEC filings.
| Cash Flow Statement | Dec2017 | Dec2018 | Dec2019 | Mar2020 | Jun2020 | Sep2020 | Dec2020 | Mar2021 | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||||
| Net Income | -26.18M | 187.42M | -46.22M | -1.71M | -97.21M | 431.23M | -37.30M | 136.50M | 329.82M | 427.09M | 366.14M | 106.29M | 173.39M | 567.15M | 628.93M | 124.33M | 206.75M | -119.24M | -10.71M | -422.48M | ||||||||
| Share-based CompensationStock Comp. | 55.21M | 61.13M | 76.88M | 69.39M | 538.45M | 98.75M | 70.20M | 59.60M | 15.08M | 15.11M | 63.26M | |||||||||||||||||
| Deferred Taxes | 18.89M | -1.99M | -0.57M | -2.95M | -5.56M | -9.46M | 5.69M | 0.51M | -280.32M | -0.83M | ||||||||||||||||||
| Cash from Discontinued OperationsCash from Discont. Ops | ||||||||||||||||||||||||||||
| Gains from Sales and DivestituresGains Divest | 0.01M | 0.29M | -10.63M | 1.12M | ||||||||||||||||||||||||
| Gains from Investment SecuritiesGains Investment | -1.45M | -1.46M | 5.07M | -4.56M | 1.76M | -1.58M | -13.62M | 13.44M | ||||||||||||||||||||
| Asset Writedowns and ImpairmentWritedown | 0.41M | 0.45M | -0.11M | 0.70M | 1.68M | -1.75M | 0.14M | 0.19M | ||||||||||||||||||||
| Non-cash ItemsNon-Cash Items | ||||||||||||||||||||||||||||
| Cash from OperationsCash from Ops. | 218.01M | 336.70M | 602.09M | 289.27M | 171.27M | -71.45M | 714.11M | 1,137.28M | 1,586.57M | 1,988.28M | 2,435.84M | -462.92M | -59.09M | 1,571.00M | 1,189.20M | -234.40M | -423.84M | -1038.85M | 503.55M | -883.01M | ||||||||
| Depreciation, Depletion & Amortization | ||||||||||||||||||||||||||||
| Amortizatization of IntangiblesAmort. of Intangibles | -34.39M | -26.63M | -25.05M | -28.19M | -23.46M | -36.75M | -12.09M | -28.70M | ||||||||||||||||||||
| Depreciation & Amortization (CF)Dep. & Amort. | 24.30M | 32.51M | 31.79M | 30.88M | 55.54M | 60.26M | 52.40M | 59.06M | ||||||||||||||||||||
| Change in Working Capital | ||||||||||||||||||||||||||||
| Change in ReceivablesChange Receivables | -22.92M | 23.02M | -3.14M | 8.81M | 7.20M | -2.13M | -0.82M | -4.36M | ||||||||||||||||||||
| Change in InventoryChange Inventory | -61.09M | -18.95M | -55.66M | -164.60M | -398.28M | -247.10M | 15.41M | 50.51M | ||||||||||||||||||||
| Change in Account PayablesChange Payables | 798.20M | 1,093.20M | 0.18M | 1,753.10M | 1,954.31M | 2,181.80M | -0.02M | 3,688.24M | 4,312.21M | 5,559.35M | 7,204.10M | 7,560.20M | 6,444.30M | 7,410.32M | 7,461.43M | 7,160.12M | 6,975.17M | 5,304.92M | 5,721.37M | 5,215.40M | ||||||||
| Change in Accured ExpensesChange Accured Exp. | 8.31M | 47.23M | 0.05M | 98.10M | 43.47M | 31.27M | 30.48M | 234.81M | ||||||||||||||||||||
| Other Working Capital ChangesOther WC Changes | -95.91M | 0.18M | 21.70M | -25.43M | -10.07M | 30.87M | 3.05M | -1.74M | 82.01M | |||||||||||||||||||
| Investing Activities | ||||||||||||||||||||||||||||
| Capital ExpendituresCapex | -65.90M | -155.90M | -348.61M | -210.09M | -102.78M | -203.88M | -241.84M | -157.62M | -212.88M | -175.68M | -374.11M | -237.23M | -195.86M | -281.13M | -359.07M | -114.32M | -112.45M | -213.04M | -150.69M | -188.07M | ||||||||
| Sales of Property, Plant and EquipmentPP&E (Sale) | 0.01M | 0.01M | 0.53M | 0.01M | 21.34M | |||||||||||||||||||||||
| Acquisitions | 77.51M | -0.29M | ||||||||||||||||||||||||||
| Change in Acquisitions & DivestmentsChange Acquisitions | 5,397.13M | 3,363.42M | 2,812.56M | 2,552.46M | 2,166.76M | 1,469.45M | 1,797.27M | 1,716.16M | ||||||||||||||||||||
| Cash from Investing ActivitiesCash from Investing | -188.61M | 1,080.57M | -1115.65M | 246.75M | -112.30M | 16.85M | -769.63M | -393.61M | 1,081.37M | -606.38M | -66.07M | -429.10M | -528.31M | -2025.28M | -2738.22M | -1510.30M | -31.65M | 1,176.17M | 301.76M | -1186.06M | ||||||||
| Financing Activities | ||||||||||||||||||||||||||||
| Other financing activitiesOther financing | -0.07M | 0.47M | 13.19M | 0.43M | 0.28M | |||||||||||||||||||||||
| Cash from Financing ActivitiesCash from Financing | 857.07M | 1,708.84M | 25.90M | 142.44M | 155.72M | 486.19M | 36.40M | -28.62M | -264.65M | 187.97M | 121.60M | 25.66M | -14.41M | 33.96M | -100.62M | 8.46M | -9.78M | 83.93M | 25.53M | 48.90M | ||||||||
| Change in Capital Stock | ||||||||||||||||||||||||||||
| Net Shares Issued and RepurchasedNet Shares Issued | 16.98M | 0.72M | 0.50M | 1.57M | 0.68M | |||||||||||||||||||||||
| Net Equity Issued and RepurchasedNet Equity Issued | 346.21M | |||||||||||||||||||||||||||
| Additional items | ||||||||||||||||||||||||||||
| Exchange Rate EffectFX Effect | -12.22M | -1.34M | -56.56M | -12.23M | 145.99M | 56.88M | -2.85M | -3.69M | 19.73M | -2.77M | -6.79M | 7.73M | 4.44M | -35.01M | 48.74M | -9.69M | -15.13M | -6.83M | -32.24M | -14.84M | ||||||||
| Change in Cash | 874.25M | 3,124.77M | -544.22M | 666.24M | 360.68M | 488.47M | -21.98M | 711.36M | 2,423.03M | 1,567.10M | 2,484.58M | -858.62M | -597.37M | -455.33M | -1600.90M | -1745.92M | -480.40M | 214.41M | 798.60M | -2035.01M | ||||||||
| Beginning Cash Balance | ||||||||||||||||||||||||||||
| Free Cash FlowFCF | 283.91M | 492.61M | 950.70M | 499.36M | 274.05M | 132.43M | 955.95M | 1,294.90M | 1,799.46M | 2,182.71M | 2,809.95M | -227.89M | 137.30M | 1,852.13M | 1,548.27M | -120.08M | -311.39M | -821.40M | 654.24M | -692.07M | ||||||||
| Net Cash FlowNCF | 886.48M | 3,126.11M | -487.67M | 678.47M | 214.69M | 431.59M | -19.12M | 715.05M | 2,403.30M | 1,583.48M | 2,491.37M | -874.79M | -604.13M | -420.32M | -1649.64M | -1736.24M | -465.27M | 220.06M | 830.85M | -2011.82M |