Yelp (YELP) FY2017 results: revenue $851 million, up 18.8% on the year
Yelp Inc. (YELP) reported revenue of $851 million for fiscal 2017, the year ended 31 December 2017, up 18.8% on the year before. Net income was $153 million, and diluted earnings per share $1.75. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2019.
Revenue
$851 million
+18.8% on the year
FY2010FY2017
Operating margin
21.1%
-0.3% a year earlier
FY2010FY2017
Net income
$153 million
FY2010FY2017
Diluted EPS
$1.75
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
851
716
550
+18.8%
Cost of revenue
70.5
60.4
51.0
+16.8%
Gross profit
780
656
499
+19.0%
Gross margin
91.7%
91.6%
90.7%
Research and development
171
133
105
+28.6%
Operating income
179
-2.0
-21.3
Operating margin
21.1%
-0.3%
-3.9%
Pre-tax income
184
-0.3
-20.9
Income tax
31.5
1.4
12.0
+2,173.7%
Effective tax rate
17.1%
n/a
n/a
Net income
153
-1.7
-32.9
Net margin
18.0%
-0.2%
-6.0%
Diluted EPS
$1.75
-$0.02
-$0.44
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
168
127
57.4
+32.1%
Capital expenditure
30.2
23.0
31.1
+31.5%
Free cash flow
137
104
26.2
+32.2%
Free cash flow margin
16.1%
14.5%
4.8%
Cash from investing
81.1
-54.7
-159
Cash from financing
27.2
29.5
26.4
-8.0%
Depreciation and amortisation
41.2
35.3
29.6
+16.6%
Share-based compensation
100
86.3
60.8
+16.4%
Buybacks
12.6
0.0
0.5
Diluted shares, weighted
87m
77m
75m
+12.9%
Shares outstanding at period end
84m
79m
76m
+5.4%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
1,109
816
700
+35.8%
Debt
n/a
17.6
12.0
Other liabilities
117
51.4
43.8
+127.2%
Total liabilities and equity
1,226
885
755
+38.5%
Fixed assets
104
92.4
80.5
+12.1%
Goodwill
108
171
172
-36.7%
Intangible assets
16.9
32.6
39.3
-48.2%
Investments
298
207
199
+43.9%
Cash and equivalents
548
272
172
+101.3%
Receivables
76.2
68.7
52.8
+10.8%
Other assets
74.7
41.2
39.9
+81.1%
Total assets
1,226
885
755
+38.5%
10-K for the year ended 31 December 2017, filed 1 March 2019: the filing.