YELP FY 2017 Earnings Report — Yelp Inc. Revenue & Financial Results | Market Cap Arena

FY 2017 Earnings

Reported February 28, 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	$847M	—	$713M	—	18.8%
Op. Income	$179M	—	-$5M	—	3704.8%
Gross Margin	91.7%	—	91.5%	—	0.1pp
Net Margin	18.1%	—	-0.7%	—	18.7pp
EPS (Diluted)	$1.75	—	$-0.06	—	2992.6%
Free Cash Flow	$137M	—	$90M	—	53.5%

Revenue Flow

Item	Amount
REVENUE	$847M
Cost of Revenue	$71M
GROSS PROFIT	$776M
R&D Expenses	$176M
Selling & Marketing	$439M
General & Administrative	$106M
SG&A Expenses	$544M
Other Expenses	$5M
Operating Expenses	$761M
Cost & Expenses	$832M
OPERATING INCOME	$179M
Interest Income	$4M
Interest Expense	$0
Other Income/Expenses	$168M
INCOME BEFORE TAX	$184M
Income Tax Expense	$31M
Net Income from Continuing Ops	$153M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$153M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$153M
D&A	$41M
EBIT	$16M
EBITDA	$226M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$847M
Cost of Revenue	$71M
GROSS PROFIT	$776M
R&D Expenses	$176M
Selling & Marketing	$439M
General & Administrative	$106M
SG&A Expenses	$544M
Other Expenses	$5M
Operating Expenses	$761M
Cost & Expenses	$832M
OPERATING INCOME	$179M
Interest Income	$4M
Interest Expense	$0
Other Income/Expenses	$168M
INCOME BEFORE TAX	$184M
Income Tax Expense	$31M
Net Income from Continuing Ops	$153M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$153M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$153M
D&A	$41M
EBIT	$16M
EBITDA	$226M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$153M
Depreciation & Amortization	$41M
Stock-Based Compensation	$100M
Deferred Income Tax	-$146M
Other Non-Cash Items	-$19.0K
Change in Working Capital	$20M
OPERATING CASH FLOW	$168M
Capital Expenditure	-$30M
Acquisitions (Net)	$202M
Purchases of Investments	-$355M
Sales/Maturities of Investments	$264M
Other Investing Activities	-$1M
NET CASH FROM INVESTING	$80M
Net Debt Issuance	$0
Common Stock Repurchased	-$13M
Common Dividends Paid	$0
Other Financing Activities	-$1M
NET CASH FROM FINANCING	$27M
FREE CASH FLOW	$137M
Net Change in Cash	$276M

Balance Sheet

Item	Amount
Cash & Equivalents	$548M
Short-Term Investments	$273M
Net Receivables	$76M
Inventory	$0
Other Current Assets	$16M
TOTAL CURRENT ASSETS	$913M
PP&E (Net)	$104M
Goodwill	$108M
Intangible Assets	$17M
Long-Term Investments	$25M
Tax Assets	$0
Other Non-Current Assets	$50M
TOTAL NON-CURRENT ASSETS	$303M
TOTAL ASSETS	$1.2B
Account Payables	$9M
Short-Term Debt	$0
Deferred Revenue	$3M
Other Current Liabilities	$23M
TOTAL CURRENT LIABILITIES	$86M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$31M
TOTAL NON-CURRENT LIABILITIES	$31M
TOTAL LIABILITIES	$117M
Common Stock	$0
Additional Paid-In Capital	$1.0B
Retained Earnings	$70M
Treasury Stock	-$46.0K
Accum. Other Comp. Income	-$8M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$1.2B
Total Debt	$0
Net Debt	-$548M