ZG FY 2012 Earnings Report — Zillow Group, Inc. Class A Revenue & Financial Results | Market Cap Arena

Zillow Group, Inc. Class AZG

FY 2012 Earnings

Reported December 30, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$117M	—	$66M	—	76.9%
Op. Income	$6M	—	$997.0K	—	481.4%
Gross Margin	88.0%	—	84.0%	—	4.0pp
Net Margin	5.1%	—	1.7%	—	3.4pp
EPS (Diluted)	$0.06	—	$0.02	—	263.6%
Free Cash Flow	$16M	—	$6M	—	158.9%

Revenue Flow

Item	Amount
REVENUE	$117M
Cost of Revenue	$14M
GROSS PROFIT	$103M
R&D Expenses	$27M
Selling & Marketing	$49M
General & Administrative	$21M
SG&A Expenses	$70M
Other Expenses	$142.0K
Operating Expenses	$97M
Cost & Expenses	$111M
OPERATING INCOME	$6M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$142.0K
INCOME BEFORE TAX	$6M
Income Tax Expense	$0
Net Income from Continuing Ops	$6M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$6M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$6M
D&A	$13M
EBIT	$7M
EBITDA	$19M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$117M
Cost of Revenue	$14M
GROSS PROFIT	$103M
R&D Expenses	$27M
Selling & Marketing	$49M
General & Administrative	$21M
SG&A Expenses	$70M
Other Expenses	$142.0K
Operating Expenses	$97M
Cost & Expenses	$111M
OPERATING INCOME	$6M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$142.0K
INCOME BEFORE TAX	$6M
Income Tax Expense	$0
Net Income from Continuing Ops	$6M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$6M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$6M
D&A	$13M
EBIT	$7M
EBITDA	$19M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$6M
Depreciation & Amortization	$13M
Stock-Based Compensation	$7M
Deferred Income Tax	$2M
Other Non-Cash Items	$2M
Change in Working Capital	$2M
OPERATING CASH FLOW	$32M
Capital Expenditure	-$17M
Acquisitions (Net)	-$68M
Purchases of Investments	-$38M
Sales/Maturities of Investments	$28M
Other Investing Activities	-$82M
NET CASH FROM INVESTING	-$94M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$7M
NET CASH FROM FINANCING	$164M
FREE CASH FLOW	$16M
Net Change in Cash	$102M

Balance Sheet

Item	Amount
Cash & Equivalents	$150M
Short-Term Investments	$44M
Net Receivables	$9M
Inventory	$0
Other Current Assets	$3M
TOTAL CURRENT ASSETS	$205M
PP&E (Net)	$14M
Goodwill	$54M
Intangible Assets	$21M
Long-Term Investments	$9M
Tax Assets	$0
Other Non-Current Assets	$279.0K
TOTAL NON-CURRENT ASSETS	$99M
TOTAL ASSETS	$304M
Account Payables	$3M
Short-Term Debt	$0
Deferred Revenue	$8M
Other Current Liabilities	$6M
TOTAL CURRENT LIABILITIES	$20M
Long-Term Debt	$0
Deferred Revenue NC	$3M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$3M
TOTAL LIABILITIES	$24M
Common Stock	$4.0K
Additional Paid-In Capital	$352M
Retained Earnings	-$72M
Treasury Stock	$0
Accum. Other Comp. Income	-$36M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$280M
Minority Interest	$0
TOTAL EQUITY	$280M
TOTAL LIABILITIES & EQUITY	$304M
Total Debt	$0
Net Debt	-$150M