WB FY 2017 Earnings Report — Weibo Corporation Revenue & Financial Results | Market Cap Arena

Weibo CorporationWB

FY 2017 Earnings

Reported April 26, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$1.2B	—	—	—	—
Op. Income	$408M	—	—	—	—
Gross Margin	79.9%	—	—	—	—
Net Margin	30.7%	—	—	—	—
EPS (Diluted)	$1.56	—	—	—	—
Free Cash Flow	$519M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$231M
GROSS PROFIT	$919M
R&D Expenses	$193M
Selling & Marketing	$276M
General & Administrative	$42M
SG&A Expenses	$318M
Other Expenses	$0
Operating Expenses	$511M
Cost & Expenses	$743M
OPERATING INCOME	$408M
Interest Income	$19M
Interest Expense	$4M
Other Income/Expenses	$10M
INCOME BEFORE TAX	$417M
Income Tax Expense	$67M
Net Income from Continuing Ops	$350M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$353M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$353M
D&A	$15M
EBIT	$421M
EBITDA	$437M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$231M
GROSS PROFIT	$919M
R&D Expenses	$193M
Selling & Marketing	$276M
General & Administrative	$42M
SG&A Expenses	$318M
Other Expenses	$0
Operating Expenses	$511M
Cost & Expenses	$743M
OPERATING INCOME	$408M
Interest Income	$19M
Interest Expense	$4M
Other Income/Expenses	$10M
INCOME BEFORE TAX	$417M
Income Tax Expense	$67M
Net Income from Continuing Ops	$350M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$353M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$353M
D&A	$15M
EBIT	$421M
EBITDA	$437M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$350M
Depreciation & Amortization	$15M
Stock-Based Compensation	$48M
Deferred Income Tax	-$2M
Other Non-Cash Items	$10M
Change in Working Capital	$117M
OPERATING CASH FLOW	$539M
Capital Expenditure	-$20M
Acquisitions (Net)	-$2M
Purchases of Investments	-$1.5B
Sales/Maturities of Investments	$699M
Other Investing Activities	$3M
NET CASH FROM INVESTING	-$815M
Net Debt Issuance	$881M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$2M
NET CASH FROM FINANCING	$884M
FREE CASH FLOW	$519M
Net Change in Cash	$636M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.0B
Short-Term Investments	$792M
Net Receivables	$186M
Inventory	$0
Other Current Assets	$37M
TOTAL CURRENT ASSETS	$2.0B
PP&E (Net)	$34M
Goodwill	$13M
Intangible Assets	$517.0K
Long-Term Investments	$452M
Tax Assets	$0
Other Non-Current Assets	$13M
TOTAL NON-CURRENT ASSETS	$513M
TOTAL ASSETS	$2.6B
Account Payables	$135M
Short-Term Debt	$0
Deferred Revenue	$81M
Other Current Liabilities	$159M
TOTAL CURRENT LIABILITIES	$485M
Long-Term Debt	$880M
Deferred Revenue NC	$286.0K
Deferred Tax Liabilities	$2M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$882M
TOTAL LIABILITIES	$1.4B
Common Stock	$56.0K
Additional Paid-In Capital	$1.0B
Retained Earnings	$153M
Treasury Stock	$0
Accum. Other Comp. Income	$10M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$2M
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$2.6B
Total Debt	$880M
Net Debt	-$121M