WB FY 2018 Earnings Report — Weibo Corporation Revenue & Financial Results | Market Cap Arena

Weibo CorporationWB

FY 2018 Earnings

Reported April 29, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$1.7B	—	$1.2B	—	49.4%
Op. Income	$609M	—	$408M	—	49.5%
Gross Margin	83.8%	—	79.9%	—	4.0pp
Net Margin	33.3%	—	30.7%	—	2.6pp
EPS (Diluted)	$2.46	—	$1.56	—	57.7%
Free Cash Flow	$460M	—	$519M	—	-11.4%

Revenue Flow

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$278M
GROSS PROFIT	$1.4B
R&D Expenses	$250M
Selling & Marketing	$527M
General & Administrative	$44M
SG&A Expenses	$571M
Other Expenses	$11M
Operating Expenses	$832M
Cost & Expenses	$1.1B
OPERATING INCOME	$609M
Interest Income	$58M
Interest Expense	$15M
Other Income/Expenses	$60M
INCOME BEFORE TAX	$669M
Income Tax Expense	$96M
Net Income from Continuing Ops	$573M
Net Income from Discontinued Ops	$0
Other Adjustments	$57.0K
NET INCOME	$572M
Net Income Deductions	$15M
BOTTOM LINE NET INCOME	$587M
D&A	$20M
EBIT	$684M
EBITDA	$704M
EPS	$3
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$278M
GROSS PROFIT	$1.4B
R&D Expenses	$250M
Selling & Marketing	$527M
General & Administrative	$44M
SG&A Expenses	$571M
Other Expenses	$11M
Operating Expenses	$832M
Cost & Expenses	$1.1B
OPERATING INCOME	$609M
Interest Income	$58M
Interest Expense	$15M
Other Income/Expenses	$60M
INCOME BEFORE TAX	$669M
Income Tax Expense	$96M
Net Income from Continuing Ops	$573M
Net Income from Discontinued Ops	$0
Other Adjustments	$57.0K
NET INCOME	$572M
Net Income Deductions	$15M
BOTTOM LINE NET INCOME	$587M
D&A	$20M
EBIT	$684M
EBITDA	$704M
EPS	$3
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$573M
Depreciation & Amortization	$20M
Stock-Based Compensation	$41M
Deferred Income Tax	$4M
Other Non-Cash Items	$6M
Change in Working Capital	-$156M
OPERATING CASH FLOW	$488M
Capital Expenditure	-$28M
Acquisitions (Net)	-$40M
Purchases of Investments	-$2.2B
Sales/Maturities of Investments	$2.1B
Other Investing Activities	-$48M
NET CASH FROM INVESTING	-$254M
Net Debt Issuance	-$2M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$196.0K
NET CASH FROM FINANCING	-$1M
FREE CASH FLOW	$460M
Net Change in Cash	$234M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.2B
Short-Term Investments	$591M
Net Receivables	$479M
Inventory	$0
Other Current Assets	$155M
TOTAL CURRENT ASSETS	$2.5B
PP&E (Net)	$46M
Goodwill	$29M
Intangible Assets	$21M
Long-Term Investments	$695M
Tax Assets	$0
Other Non-Current Assets	$15M
TOTAL NON-CURRENT ASSETS	$806M
TOTAL ASSETS	$3.3B
Account Payables	$124M
Short-Term Debt	$0
Deferred Revenue	$100M
Other Current Liabilities	$230M
TOTAL CURRENT LIABILITIES	$630M
Long-Term Debt	$884M
Deferred Revenue NC	-$642M
Deferred Tax Liabilities	$13M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$897M
TOTAL LIABILITIES	$1.5B
Common Stock	$57.0K
Additional Paid-In Capital	$1.1B
Retained Earnings	$723M
Treasury Stock	$0
Accum. Other Comp. Income	-$50M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.7B
Minority Interest	$3M
TOTAL EQUITY	$1.7B
TOTAL LIABILITIES & EQUITY	$3.3B
Total Debt	$884M
Net Debt	-$350M