JOYY Q4 2017 Earnings Report — JOYY, Inc. Sponsored ADR Class A Revenue & Financial Results | Market Cap Arena

JOYY, Inc. Sponsored ADR Class AJOYY

Q4 2017 Earnings

Reported December 31, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2017	Q3 2017	Q4 2016	QoQ Change	YoY Change
Revenue	$555M	—	—	—	—
Op. Income	$126M	—	—	—	—
Gross Margin	39.4%	—	—	—	—
Net Margin	20.4%	—	—	—	—
EPS (Diluted)	$1.77	—	—	—	—
Free Cash Flow	$3.2B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$555M
Cost of Revenue	$336M
GROSS PROFIT	$219M
R&D Expenses	$43M
Selling & Marketing	$23M
General & Administrative	$34M
SG&A Expenses	$56M
Other Expenses	-$7M
Operating Expenses	$93M
Cost & Expenses	$429M
OPERATING INCOME	$126M
Interest Income	$11M
Interest Expense	$573.5K
Other Income/Expenses	-$685M
INCOME BEFORE TAX	$137M
Income Tax Expense	$23M
Net Income from Continuing Ops	$116M
Net Income from Discontinued Ops	$627M
Other Adjustments	$0
NET INCOME	$113M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$740M
D&A	$12M
EBIT	$137M
EBITDA	$137M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$555M
Cost of Revenue	$336M
GROSS PROFIT	$219M
R&D Expenses	$43M
Selling & Marketing	$23M
General & Administrative	$34M
SG&A Expenses	$56M
Other Expenses	-$7M
Operating Expenses	$93M
Cost & Expenses	$429M
OPERATING INCOME	$126M
Interest Income	$11M
Interest Expense	$573.5K
Other Income/Expenses	-$685M
INCOME BEFORE TAX	$137M
Income Tax Expense	$23M
Net Income from Continuing Ops	$116M
Net Income from Discontinued Ops	$627M
Other Adjustments	$0
NET INCOME	$113M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$740M
D&A	$12M
EBIT	$137M
EBITDA	$137M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$114M
Depreciation & Amortization	$234M
Stock-Based Compensation	$32M
Deferred Income Tax	$8M
Other Non-Cash Items	$3.3B
Change in Working Capital	-$39M
OPERATING CASH FLOW	$3.6B
Capital Expenditure	-$387M
Acquisitions (Net)	-$8M
Purchases of Investments	$244M
Sales/Maturities of Investments	-$34M
Other Investing Activities	-$3.7B
NET CASH FROM INVESTING	-$3.9B
Net Debt Issuance	-$316M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$4M
NET CASH FROM FINANCING	-$84M
FREE CASH FLOW	$3.2B
Net Change in Cash	-$345M

Balance Sheet

Item	Amount
Cash & Equivalents	$401M
Short-Term Investments	$938M
Net Receivables	$39M
Inventory	$48.2K
Other Current Assets	$1.2B
TOTAL CURRENT ASSETS	$1.6B
PP&E (Net)	$156M
Goodwill	$2M
Intangible Assets	$286M
Long-Term Investments	$177M
Tax Assets	$17M
Other Non-Current Assets	$25M
TOTAL NON-CURRENT ASSETS	$663M
TOTAL ASSETS	$2.2B
Account Payables	$12M
Short-Term Debt	$90M
Deferred Revenue	$128M
Other Current Liabilities	$16M
TOTAL CURRENT LIABILITIES	$482M
Long-Term Debt	$1M
Deferred Revenue NC	$9M
Deferred Tax Liabilities	$2M
Other Non-Current Liabilities	$80M
TOTAL NON-CURRENT LIABILITIES	$11M
TOTAL LIABILITIES	$493M
Common Stock	$12.3K
Additional Paid-In Capital	$818M
Retained Earnings	$799M
Treasury Stock	$0
Accum. Other Comp. Income	$8M
Other Equity	$817M
TOTAL STOCKHOLDERS' EQUITY	$1.6B
Minority Interest	$96M
TOTAL EQUITY	$1.7B
TOTAL LIABILITIES & EQUITY	$2.2B
Total Debt	$91M
Net Debt	-$310M