Yelp (YELP) FY2018 results: revenue $943 million, up 10.8% on the year
Yelp Inc. (YELP) reported revenue of $943 million for fiscal 2018, the year ended 31 December 2018, up 10.8% on the year before. Net income was $55 million, down 63.8%, and diluted earnings per share $0.62. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2019.
Revenue
$943 million
+10.8% on the year
FY2011FY2018
Operating margin
2.7%
21.1% a year earlier
FY2011FY2018
Net income
$55 million
-63.8% on the year
FY2011FY2018
Diluted EPS
$0.62
-64.6% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
943
851
716
+10.8%
Cost of revenue
57.9
70.5
60.4
-17.9%
Gross profit
885
780
656
+13.4%
Gross margin
93.9%
91.7%
91.6%
Research and development
206
171
133
+20.2%
Operating income
25.9
179
-2.0
-85.6%
Operating margin
2.7%
21.1%
-0.3%
Pre-tax income
40.0
184
-0.3
-78.3%
Income tax
-15.3
31.5
1.4
Effective tax rate
-38.4%
17.1%
n/a
Net income
55.4
153
-1.7
-63.8%
Net margin
5.9%
18.0%
-0.2%
Diluted EPS
$0.62
$1.75
-$0.02
-64.6%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
160
168
127
-4.4%
Capital expenditure
45.0
30.2
23.0
+48.7%
Free cash flow
115
137
104
-16.1%
Free cash flow margin
12.2%
16.1%
14.5%
Cash from investing
-164
81.1
-54.7
Cash from financing
-208
27.2
29.5
Depreciation and amortisation
42.8
41.2
35.3
+3.9%
Share-based compensation
114
100
86.3
+13.9%
Buybacks
187
12.6
0.0
+1,392.4%
Diluted shares, weighted
89m
87m
77m
+1.8%
Shares outstanding at period end
82m
84m
79m
-2.1%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
1,076
1,109
816
-3.0%
Debt
n/a
n/a
17.6
Operating lease liabilities
0.0
n/a
n/a
Other liabilities
100
117
51.4
-14.4%
Total liabilities and equity
1,176
1,226
885
-4.1%
Fixed assets
115
104
92.4
+10.8%
Goodwill
106
108
171
-2.2%
Intangible assets
13.4
16.9
32.6
-20.9%
Investments
423
298
207
+41.8%
Cash and equivalents
333
548
272
-39.3%
Receivables
87.3
76.2
68.7
+14.6%
Other assets
98.6
74.7
41.2
+32.1%
Total assets
1,176
1,226
885
-4.1%
10-K for the year ended 31 December 2018, filed 1 March 2019: the filing.