Yelp (YELP) FY2014 results: revenue $378 million, up 62.0% on the year
Yelp Inc. (YELP) reported revenue of $378 million for fiscal 2014, the year ended 31 December 2014, up 62.0% on the year before. Net income was $36 million, and diluted earnings per share $0.48. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2015.
Revenue
$378 million
+62.0% on the year
FY2010FY2014
Operating margin
2.9%
-3.8% a year earlier
FY2010FY2014
Net income
$36 million
FY2010FY2014
Diluted EPS
$0.48
FY2010FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
378
233
138
+62.0%
Cost of revenue
24.4
16.6
9.9
+47.2%
Gross profit
353
216
128
+63.2%
Gross margin
93.5%
92.9%
92.8%
Research and development
65.2
38.2
20.5
+70.4%
Operating income
11.1
-8.8
-18.8
Operating margin
2.9%
-3.8%
-13.6%
Pre-tax income
11.3
-9.2
-19.0
Income tax
-25.2
0.8
0.1
Effective tax rate
-223.3%
n/a
n/a
Net income
36.5
-10.1
-19.1
Net margin
9.7%
-4.3%
-13.9%
Diluted EPS
$0.48
-$0.15
-$0.35
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
57.9
21.4
-0.1
+170.3%
Capital expenditure
29.1
16.2
7.5
+78.9%
Free cash flow
28.9
5.2
-7.6
+456.5%
Free cash flow margin
7.6%
2.2%
-5.5%
Cash from investing
n/a
-18.8
-40.6
Cash from financing
n/a
292
114
Depreciation and amortisation
17.6
11.5
7.2
+53.6%
Share-based compensation
42.3
26.7
14.9
+58.5%
Buybacks
1.3
0.7
n/a
+95.5%
Diluted shares, weighted
77m
66m
54m
+16.8%
Shares outstanding at period end
73m
71m
64m
+2.9%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
588
486
166
+20.9%
Debt
7.5
4.5
1.9
+67.1%
Other liabilities
34.0
25.0
20.1
+36.0%
Total liabilities and equity
630
516
188
+22.0%
Fixed assets
62.8
30.7
14.8
+104.7%
Goodwill
67.3
59.7
48.6
+12.8%
Intangible assets
5.8
5.2
5.9
+10.5%
Investments
157
n/a
n/a
Cash and equivalents
247
390
95.1
-36.5%
Receivables
35.6
21.3
11.7
+67.0%
Other assets
53.8
9.3
11.5
+478.0%
Total assets
630
516
188
+22.0%
10-K for the year ended 31 December 2014, filed 27 February 2015: the filing.