JOYY FY 2016 Earnings Report — JOYY, Inc. Sponsored ADR Class A Revenue & Financial Results | Market Cap Arena

JOYY, Inc. Sponsored ADR Class AJOYY

FY 2016 Earnings

Reported April 20, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$1.2B	—	—	—	—
Op. Income	$255M	—	—	—	—
Gross Margin	37.8%	—	—	—	—
Net Margin	18.6%	—	—	—	—
EPS (Diluted)	$3.80	—	—	—	—
Free Cash Flow	$315M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$735M
GROSS PROFIT	$447M
R&D Expenses	$97M
Selling & Marketing	$56M
General & Administrative	$69M
SG&A Expenses	$125M
Other Expenses	$954.0K
Operating Expenses	$204M
Cost & Expenses	$939M
OPERATING INCOME	$255M
Interest Income	$10M
Interest Expense	$12M
Other Income/Expenses	$2M
INCOME BEFORE TAX	$257M
Income Tax Expense	$40M
Net Income from Continuing Ops	$218M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$219M
Net Income Deductions	-$1.3B
BOTTOM LINE NET INCOME	$1.5B
D&A	$40M
EBIT	$269M
EBITDA	$308M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$735M
GROSS PROFIT	$447M
R&D Expenses	$97M
Selling & Marketing	$56M
General & Administrative	$69M
SG&A Expenses	$125M
Other Expenses	$954.0K
Operating Expenses	$204M
Cost & Expenses	$939M
OPERATING INCOME	$255M
Interest Income	$10M
Interest Expense	$12M
Other Income/Expenses	$2M
INCOME BEFORE TAX	$257M
Income Tax Expense	$40M
Net Income from Continuing Ops	$218M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$219M
Net Income Deductions	-$1.3B
BOTTOM LINE NET INCOME	$1.5B
D&A	$40M
EBIT	$269M
EBITDA	$308M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$218M
Depreciation & Amortization	$40M
Stock-Based Compensation	$23M
Deferred Income Tax	-$1M
Other Non-Cash Items	$1M
Change in Working Capital	$68M
OPERATING CASH FLOW	$349M
Capital Expenditure	-$33M
Acquisitions (Net)	-$16M
Purchases of Investments	-$1.2B
Sales/Maturities of Investments	$914M
Other Investing Activities	$48M
NET CASH FROM INVESTING	-$257M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$2M
NET CASH FROM FINANCING	$2M
FREE CASH FLOW	$315M
Net Change in Cash	$94M

Balance Sheet

Item	Amount
Cash & Equivalents	$228M
Short-Term Investments	$540M
Net Receivables	$60M
Inventory	$326.3K
Other Current Assets	$225M
TOTAL CURRENT ASSETS	$860M
PP&E (Net)	$121M
Goodwill	$2M
Intangible Assets	$278M
Long-Term Investments	$132M
Tax Assets	$2M
Other Non-Current Assets	$15M
TOTAL NON-CURRENT ASSETS	$549M
TOTAL ASSETS	$1.4B
Account Payables	$20M
Short-Term Debt	$399M
Deferred Revenue	$70M
Other Current Liabilities	$13M
TOTAL CURRENT LIABILITIES	$675M
Long-Term Debt	$0
Deferred Revenue NC	$4M
Deferred Tax Liabilities	$1M
Other Non-Current Liabilities	-$29M
TOTAL NON-CURRENT LIABILITIES	$5M
TOTAL LIABILITIES	$680M
Common Stock	$10.1K
Additional Paid-In Capital	$312M
Retained Earnings	$393M
Treasury Stock	$0
Accum. Other Comp. Income	$22M
Other Equity	$415M
TOTAL STOCKHOLDERS' EQUITY	$727M
Minority Interest	$2M
TOTAL EQUITY	$729M
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$399M
Net Debt	$171M