YRD FY 2018 Earnings Report — Yiren Digital Ltd. Revenue & Financial Results | Market Cap Arena

Yiren Digital Ltd.YRD

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	$1.6B	—	$1.7B	—	-3.5%
Op. Income	$113M	—	$5M	—	2097.2%
Gross Margin	90.6%	—	89.3%	—	1.2pp
Net Margin	14.1%	—	-1.6%	—	15.7pp
EPS (Diluted)	$1.52	—	$3.24	—	-53.2%
Free Cash Flow	-$599M	—	-$5M	—	-11999.6%

Revenue Flow

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$155M
GROSS PROFIT	$1.5B
R&D Expenses	$0
Selling & Marketing	$973M
General & Administrative	$195M
SG&A Expenses	$1.2B
Other Expenses	$206M
Operating Expenses	$1.4B
Cost & Expenses	$1.5B
OPERATING INCOME	$113M
Interest Income	$11M
Interest Expense	$0
Other Income/Expenses	$146M
INCOME BEFORE TAX	$259M
Income Tax Expense	$28M
Net Income from Continuing Ops	$231M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$231M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$231M
D&A	$22M
EBIT	$113M
EBITDA	$135M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$155M
GROSS PROFIT	$1.5B
R&D Expenses	$0
Selling & Marketing	$973M
General & Administrative	$195M
SG&A Expenses	$1.2B
Other Expenses	$206M
Operating Expenses	$1.4B
Cost & Expenses	$1.5B
OPERATING INCOME	$113M
Interest Income	$11M
Interest Expense	$0
Other Income/Expenses	$146M
INCOME BEFORE TAX	$259M
Income Tax Expense	$28M
Net Income from Continuing Ops	$231M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$231M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$231M
D&A	$22M
EBIT	$113M
EBITDA	$135M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$231M
Depreciation & Amortization	$22M
Stock-Based Compensation	$18M
Deferred Income Tax	$0
Other Non-Cash Items	$165M
Change in Working Capital	-$1.0B
OPERATING CASH FLOW	-$578M
Capital Expenditure	-$21M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$502M
NET CASH FROM INVESTING	$482M
Net Debt Issuance	$25M
Common Stock Repurchased	-$37.1K
Common Dividends Paid	-$16M
Other Financing Activities	-$125M
NET CASH FROM FINANCING	-$115M
FREE CASH FLOW	-$599M
Net Change in Cash	-$211M

Balance Sheet

Item	Amount
Cash & Equivalents	$381M
Short-Term Investments	$122M
Net Receivables	$729M
Inventory	$0
Other Current Assets	$62M
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$39M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$80M
Tax Assets	$27M
Other Non-Current Assets	$616M
TOTAL NON-CURRENT ASSETS	$762M
TOTAL ASSETS	$2.1B
Account Payables	$45M
Short-Term Debt	$0
Deferred Revenue	$83M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$1.7B
Long-Term Debt	$28M
Deferred Revenue NC	$83M
Deferred Tax Liabilities	$71M
Other Non-Current Liabilities	$249M
TOTAL NON-CURRENT LIABILITIES	$432M
TOTAL LIABILITIES	$2.1B
Common Stock	$11.3K
Additional Paid-In Capital	$189M
Retained Earnings	-$245M
Treasury Stock	-$37.1K
Accum. Other Comp. Income	$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	-$53M
Minority Interest	$0
TOTAL EQUITY	-$53M
TOTAL LIABILITIES & EQUITY	$2.1B
Total Debt	$28M
Net Debt	-$353M