YRD FY 2019 Earnings Report — Yiren Digital Ltd. Revenue & Financial Results | Market Cap Arena

Yiren Digital Ltd.YRD

FY 2019 Earnings

Reported May 15, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$1.3B	—	$1.6B	—	-23.4%
Op. Income	$165M	—	$113M	—	45.3%
Gross Margin	92.3%	—	90.6%	—	1.7pp
Net Margin	13.4%	—	14.1%	—	-0.6pp
EPS (Diluted)	$1.81	—	$1.52	—	19.4%
Free Cash Flow	$33M	—	-$599M	—	105.5%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$97M
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$651M
General & Administrative	$108M
SG&A Expenses	$760M
Other Expenses	$237M
Operating Expenses	$997M
Cost & Expenses	$1.1B
OPERATING INCOME	$165M
Interest Income	$11M
Interest Expense	$0
Other Income/Expenses	$39M
INCOME BEFORE TAX	$204M
Income Tax Expense	$35M
Net Income from Continuing Ops	$169M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$169M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$169M
D&A	$58M
EBIT	$165M
EBITDA	$222M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$97M
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$651M
General & Administrative	$108M
SG&A Expenses	$760M
Other Expenses	$237M
Operating Expenses	$997M
Cost & Expenses	$1.1B
OPERATING INCOME	$165M
Interest Income	$11M
Interest Expense	$0
Other Income/Expenses	$39M
INCOME BEFORE TAX	$204M
Income Tax Expense	$35M
Net Income from Continuing Ops	$169M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$169M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$169M
D&A	$58M
EBIT	$165M
EBITDA	$222M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$169M
Depreciation & Amortization	$58M
Stock-Based Compensation	$6M
Deferred Income Tax	$0
Other Non-Cash Items	$177M
Change in Working Capital	-$370M
OPERATING CASH FLOW	$40M
Capital Expenditure	-$7M
Acquisitions (Net)	-$39M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$208M
NET CASH FROM INVESTING	$162M
Net Debt Issuance	-$30M
Common Stock Repurchased	-$5M
Common Dividends Paid	$0
Other Financing Activities	-$133M
NET CASH FROM FINANCING	-$168M
FREE CASH FLOW	$33M
Net Change in Cash	$34M

Balance Sheet

Item	Amount
Cash & Equivalents	$467M
Short-Term Investments	$67M
Net Receivables	$380M
Inventory	$0
Other Current Assets	$10M
TOTAL CURRENT ASSETS	$946M
PP&E (Net)	$77M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$968.3K
Tax Assets	$7M
Other Non-Current Assets	$378M
TOTAL NON-CURRENT ASSETS	$463M
TOTAL ASSETS	$1.4B
Account Payables	$6M
Short-Term Debt	$0
Deferred Revenue	$52M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$398M
Long-Term Debt	$3M
Deferred Revenue NC	$52M
Deferred Tax Liabilities	$32M
Other Non-Current Liabilities	$227M
TOTAL NON-CURRENT LIABILITIES	$355M
TOTAL LIABILITIES	$753M
Common Stock	$17.7K
Additional Paid-In Capital	$736M
Retained Earnings	-$78M
Treasury Stock	-$5M
Accum. Other Comp. Income	$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$656M
Minority Interest	$0
TOTAL EQUITY	$656M
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$44M
Net Debt	-$423M