FENG FY 2014 Earnings Report — Phoenix New Media Limited Revenue & Financial Results | Market Cap Arena

Phoenix New Media LimitedFENG

FY 2014 Earnings

Reported April 30, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$239M	—	$208M	—	15.0%
Op. Income	$35M	—	$36M	—	-4.3%
Gross Margin	52.3%	—	51.1%	—	1.2pp
Net Margin	16.1%	—	19.6%	—	-3.6pp
EPS (Diluted)	$2.87	—	$3.01	—	-4.7%
Free Cash Flow	$35M	—	$46M	—	-25.3%

Revenue Flow

Item	Amount
REVENUE	$239M
Cost of Revenue	$114M
GROSS PROFIT	$125M
R&D Expenses	$22M
Selling & Marketing	$48M
General & Administrative	$20M
SG&A Expenses	$68M
Other Expenses	$0
Operating Expenses	$90M
Cost & Expenses	$204M
OPERATING INCOME	$35M
Interest Income	$7M
Interest Expense	$0
Other Income/Expenses	$11M
INCOME BEFORE TAX	$45M
Income Tax Expense	$7M
Net Income from Continuing Ops	$38M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$38M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$38M
D&A	$5M
EBIT	$45M
EBITDA	$40M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$239M
Cost of Revenue	$114M
GROSS PROFIT	$125M
R&D Expenses	$22M
Selling & Marketing	$48M
General & Administrative	$20M
SG&A Expenses	$68M
Other Expenses	$0
Operating Expenses	$90M
Cost & Expenses	$204M
OPERATING INCOME	$35M
Interest Income	$7M
Interest Expense	$0
Other Income/Expenses	$11M
INCOME BEFORE TAX	$45M
Income Tax Expense	$7M
Net Income from Continuing Ops	$38M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$38M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$38M
D&A	$5M
EBIT	$45M
EBITDA	$40M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$38M
Depreciation & Amortization	$5M
Stock-Based Compensation	$8M
Deferred Income Tax	-$470.8K
Other Non-Cash Items	$694.0K
Change in Working Capital	-$12M
OPERATING CASH FLOW	$40M
Capital Expenditure	-$5M
Acquisitions (Net)	-$8M
Purchases of Investments	-$526M
Sales/Maturities of Investments	$596M
Other Investing Activities	$63M
NET CASH FROM INVESTING	$57M
Net Debt Issuance	$0
Common Stock Repurchased	-$35M
Common Dividends Paid	$0
Other Financing Activities	$3M
NET CASH FROM FINANCING	-$33M
FREE CASH FLOW	$35M
Net Change in Cash	$64M

Balance Sheet

Item	Amount
Cash & Equivalents	$188M
Short-Term Investments	$6M
Net Receivables	$98M
Inventory	$4M
Other Current Assets	$10M
TOTAL CURRENT ASSETS	$301M
PP&E (Net)	$13M
Goodwill	$0
Intangible Assets	$2M
Long-Term Investments	$21M
Tax Assets	$0
Other Non-Current Assets	$2M
TOTAL NON-CURRENT ASSETS	$39M
TOTAL ASSETS	$340M
Account Payables	$40M
Short-Term Debt	$0
Deferred Revenue	$3M
Other Current Liabilities	$23M
TOTAL CURRENT LIABILITIES	$86M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$191.5K
Other Non-Current Liabilities	$2M
TOTAL NON-CURRENT LIABILITIES	$3M
TOTAL LIABILITIES	$89M
Common Stock	$6M
Additional Paid-In Capital	$232M
Retained Earnings	$8M
Treasury Stock	-$2M
Accum. Other Comp. Income	$7M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$251M
Minority Interest	$0
TOTAL EQUITY	$251M
TOTAL LIABILITIES & EQUITY	$340M
Total Debt	$0
Net Debt	-$188M