| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|---|---|---|---|---|---|
ASSETS | ||||||
CURRENT ASSETS | ||||||
Cash and cash equivalents | ||||||
1,532 | 591 | 513 | 772 | 334 | 124 | 44 |
Restricted cash | ||||||
38 | - | - | 0 | - | - | 14 |
Held-to-maturity investments (Note 6) | ||||||
37 | 96 | 279 | 607 | 385 | 86 | - |
Accounts receivable, net (Note 4) | ||||||
738 | 336 | 54 | 24 | 3 | 6 | 4 |
Amounts due from related parties (Note 26(a)) | ||||||
1 | 1 | 4 | 4 | 0 | 0 | 2 |
Other receivables and prepayments, net (Note 5) | ||||||
564 | 330 | 288 | 88 | 16 | 9 | 9 |
Inventories | ||||||
1,069 | 712 | 704 | 578 | 270 | 143 | 69 |
Deferred tax assets (Note 23) | ||||||
- | 30 | 31 | 37 | 11 | - | - |
Advance to suppliers | ||||||
- | - | - | 13 | 13 | 9 | 12 |
Prepaid expenses | ||||||
- | - | - | 3 | 2 | 0 | 1 |
Total current assets | ||||||
3,983 | 2,100 | 1,876 | 2,130 | 1,036 | 381 | 158 |
NON-CURRENT ASSETS | ||||||
Property and equipment, net (Note 7) | ||||||
1,023 | 643 | 455 | 308 | 24 | 12 | 9 |
Deposits for property and equipment | ||||||
47 | 149 | 144 | 33 | 5 | 4 | - |
Land use rights, net (Note 8) | ||||||
473 | 345 | 30 | - | - | - | - |
Prepaid land use right, net (Note 8) | ||||||
- | - | - | 13 | - | - | - |
Intangible assets, net (Note 9) | ||||||
61 | 104 | 114 | 167 | 5 | - | - |
Investment in affiliates (Note 10) | ||||||
10 | 13 | 39 | 46 | - | - | - |
Other investments (Note 11) | ||||||
59 | 72 | 75 | 16 | - | - | - |
Available-for-sale investments (Note 12) | ||||||
22 | 58 | 41 | - | - | - | - |
Other long-term assets (Note 13) | ||||||
56 | 73 | 298 | 6 | - | 0 | 0 |
Goodwill (Note 14) | ||||||
56 | 52 | 16 | 9 | - | - | - |
Deferred tax assets (Note 23) | ||||||
43 | - | - | - | - | - | - |
Total non-current assets | ||||||
1,854 | 1,514 | 1,216 | 601 | 35 | 16 | 9 |
Total assets | ||||||
5,837 | 3,614 | 3,092 | 2,732 | 1,072 | 398 | 167 |
LIABILITIES AND SHAREHOLDERS' EQUITY | ||||||
CURRENT LIABILITIES | ||||||
Accounts payable (Including accounts payable of the consolidated VIEs and VIEs' subsidiaries without recourse to the Company of RMB22,471 and RMB87,926 as of December 31, 2016 and 2017, respectively) | ||||||
1,759 | 1,200 | 1,025 | 986 | 476 | 193 | 88 |
Advances from customers (Including advances from customers of the consolidated VIEs and VIEs' subsidiaries without recourse to the Company of RMB1,211,643 and RMB965,275 as of December 31, 2016 and 2017, respectively) | ||||||
359 | 388 | 310 | 229 | 131 | 55 | 15 |
Accrued expenses and other current liabilities (Note 15) (Including accrued expenses and other current liabilities of the consolidated VIEs and VIEs' subsidiaries without recourse to the Company of RMB1,257,667 and RMB1,618,716 as of December 31, 2016 and 2017, respectively). | ||||||
543 | 478 | 479 | 377 | 196 | 52 | 26 |
Amounts due to related parties (Note 26(b)) (Including amounts due to related parties of the consolidated VIEs and VIEs' subsidiaries without recourse to the Company of RMB591 and RMB616 as of December 31, 2016 and 2017, respectively) | ||||||
9 | 7 | 31 | 12 | 2 | 1 | 3 |
Deferred income (Including deferred income of the consolidated VIEs and VIEs' subsidiaries without recourse to the Company of RMB16,222 and RMB54,543 as of December 31, 2016 and 2017, respectively) | ||||||
31 | 25 | 16 | 31 | 21 | 12 | 2 |
Securitization debt (Note 17) (Including securitization debt of the consolidated VIEs and VIEs' subsidiaries without recourse to the Company of nil and nil as of December 31, 2016 and 2017, respectively) | ||||||
116 | - | - | - | - | - | - |
Short term loans (Note 17) (Including short term loans of the consolidated VIEs and VIEs' subsidiaries without recourse to the Company of nil and nil as of December 31, 2016 and 2017, respectively) | ||||||
139 | - | 14 | - | - | - | - |
Bank borrowings (Note 7) | ||||||
- | - | - | - | - | - | 12 |
Total current liabilities | ||||||
2,959 | 2,100 | 1,878 | 1,636 | 828 | 316 | 149 |
NON-CURRENT LIABILITIES | ||||||
Deferred tax liability (Note 23) (Including deferred tax liability of the consolidated VIEs and VIEs' subsidiaries without recourse to the Company of RMB4,904 and RMB4,224 as of December 31, 2016 and 2017, respectively) | ||||||
2 | 14 | 27 | 39 | 11 | - | - |
Deferred income (Including deferred income of the consolidated VIEs and VIEs' subsidiaries without recourse to the Company of RMB1,928 and RMB838 as of December 31, 2016 and 2017, respectively) | ||||||
55 | 35 | 3 | - | - | - | - |
Convertible senior notes (Note 18) | ||||||
629 | 631 | 626 | 621 | 0 | - | - |
Total non-current liabilities | ||||||
687 | 681 | 657 | 660 | - | - | - |
Total liabilities | ||||||
3,647 | 2,781 | 2,535 | 2,297 | 828 | 316 | 149 |
COMMITMENTS AND CONTINGENCIES (Note 25) | ||||||
0 | - | 0 | 0 | 0 | 0 | 0 |
SHAREHOLDERS' EQUITY: | ||||||
Ordinary shares | ||||||
- | - | - | - | - | 0 | 0 |
Treasury shares, at cost ( 1,614,135 and 1,356,918 Class A shares as of December 31, 2015 and December 31, 2016, respectively (Note 21) | ||||||
- | 101 | 130 | - | - | - | - |
Additional paid-in capital | ||||||
1,339 | 450 | 438 | 402 | 363 | 258 | 124 |
Retained earnings | ||||||
861 | 526 | 249 | 13 | -123 | -176 | -166 |
Accumulated other comprehensive loss | ||||||
-3 | -49 | -10 | -5 | 3 | 0 | -0 |
Total Vipshop Holdings Limited shareholders' equity | ||||||
2,197 | 825 | 546 | 410 | 243 | 82 | 18 |
Non-controlling interests | ||||||
-6 | 7 | 11 | 23 | - | - | - |
Total shareholders' equity | ||||||
2,190 | 832 | 557 | 434 | 243 | - | - |
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | ||||||
5,837 | 3,614 | 3,092 | 2,732 | 1,072 | 398 | 167 |