JOYY Q1 2019 Earnings Report — JOYY, Inc. Sponsored ADR Class A Revenue & Financial Results | Market Cap Arena

JOYY, Inc. Sponsored ADR Class AJOYY

Q1 2019 Earnings

Reported May 29, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2019	Q4 2018	Q1 2018	QoQ Change	YoY Change
Revenue	$712M	—	—	—	—
Op. Income	$71M	—	—	—	—
Gross Margin	33.9%	—	—	—	—
Net Margin	64.9%	—	—	—	—
EPS (Diluted)	$6.60	—	—	—	—
Free Cash Flow	$144M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$712M
Cost of Revenue	$471M
GROSS PROFIT	$241M
R&D Expenses	$60M
Selling & Marketing	$80M
General & Administrative	$41M
SG&A Expenses	$121M
Other Expenses	-$10M
Operating Expenses	$171M
Cost & Expenses	$642M
OPERATING INCOME	$71M
Interest Income	$22M
Interest Expense	$926.4K
Other Income/Expenses	$13M
INCOME BEFORE TAX	$487M
Income Tax Expense	$18M
Net Income from Continuing Ops	$469M
Net Income from Discontinued Ops	$0
Other Adjustments	$23M
NET INCOME	$462M
Net Income Deductions	-$2.6B
BOTTOM LINE NET INCOME	$3.1B
D&A	$22M
EBIT	$488M
EBITDA	$93M
EPS	$7
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$712M
Cost of Revenue	$471M
GROSS PROFIT	$241M
R&D Expenses	$60M
Selling & Marketing	$80M
General & Administrative	$41M
SG&A Expenses	$121M
Other Expenses	-$10M
Operating Expenses	$171M
Cost & Expenses	$642M
OPERATING INCOME	$71M
Interest Income	$22M
Interest Expense	$926.4K
Other Income/Expenses	$13M
INCOME BEFORE TAX	$487M
Income Tax Expense	$18M
Net Income from Continuing Ops	$469M
Net Income from Discontinued Ops	$0
Other Adjustments	$23M
NET INCOME	$462M
Net Income Deductions	-$2.6B
BOTTOM LINE NET INCOME	$3.1B
D&A	$22M
EBIT	$488M
EBITDA	$93M
EPS	$7
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$463M
Depreciation & Amortization	$0
Stock-Based Compensation	$27M
Deferred Income Tax	$0
Other Non-Cash Items	-$346M
Change in Working Capital	$0
OPERATING CASH FLOW	$144M
Capital Expenditure	$0
Acquisitions (Net)	-$207M
Purchases of Investments	-$495M
Sales/Maturities of Investments	$925M
Other Investing Activities	$1M
NET CASH FROM INVESTING	$224M
Net Debt Issuance	$190M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$15M
NET CASH FROM FINANCING	$205M
FREE CASH FLOW	$144M
Net Change in Cash	$571M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.3B
Short-Term Investments	$940M
Net Receivables	$636M
Inventory	$170M
Other Current Assets	$148M
TOTAL CURRENT ASSETS	$2.7B
PP&E (Net)	$293M
Goodwill	$1.9B
Intangible Assets	$790M
Long-Term Investments	$214M
Tax Assets	$17M
Other Non-Current Assets	$70M
TOTAL NON-CURRENT ASSETS	$3.2B
TOTAL ASSETS	$5.9B
Account Payables	$35M
Short-Term Debt	$192M
Deferred Revenue	$194M
Other Current Liabilities	$29M
TOTAL CURRENT LIABILITIES	$982M
Long-Term Debt	$63M
Deferred Revenue NC	$19M
Deferred Tax Liabilities	$52M
Other Non-Current Liabilities	$63M
TOTAL NON-CURRENT LIABILITIES	$97M
TOTAL LIABILITIES	$1.1B
Common Stock	$15.5K
Additional Paid-In Capital	$2.8B
Retained Earnings	$1.5B
Treasury Stock	$0
Accum. Other Comp. Income	$49M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.4B
Minority Interest	$487M
TOTAL EQUITY	$4.9B
TOTAL LIABILITIES & EQUITY	$5.9B
Total Debt	$233M
Net Debt	-$1.1B