Yelp (YELP) FY2019 results: revenue $1.0 billion, up 7.6% on the year
Yelp Inc. (YELP) reported revenue of $1.0 billion for fiscal 2019, the year ended 31 December 2019, up 7.6% on the year before. Net income was $41 million, down 26.1%, and diluted earnings per share $0.52. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2020.
Revenue
$1.0 billion
+7.6% on the year
FY2012FY2019
Operating margin
3.5%
2.7% a year earlier
FY2012FY2019
Net income
$41 million
-26.1% on the year
FY2012FY2019
Diluted EPS
$0.52
-16.1% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
1,014
943
851
+7.6%
Cost of revenue
62.4
57.9
70.5
+7.8%
Gross profit
952
885
780
+7.6%
Gross margin
93.8%
93.9%
91.7%
Research and development
226
206
171
+9.6%
Operating income
35.5
25.9
179
+37.1%
Operating margin
3.5%
2.7%
21.1%
Pre-tax income
49.8
40.0
184
+24.4%
Income tax
8.9
-15.3
31.5
Effective tax rate
17.9%
-38.4%
17.1%
Net income
40.9
55.4
153
-26.1%
Net margin
4.0%
5.9%
18.0%
Diluted EPS
$0.52
$0.62
$1.75
-16.1%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
205
160
168
+27.8%
Capital expenditure
37.5
45.0
30.2
-16.6%
Free cash flow
167
115
137
+45.2%
Free cash flow margin
16.5%
12.2%
16.1%
Cash from investing
124
-164
81.1
Cash from financing
-492
-208
27.2
Depreciation and amortisation
49.4
42.8
41.2
+15.3%
Share-based compensation
122
114
100
+6.2%
Buybacks
481
187
12.6
+156.7%
Diluted shares, weighted
78m
89m
87m
-12.1%
Shares outstanding at period end
71m
82m
84m
-13.2%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
755
1,076
1,109
-29.8%
Debt
0.0
n/a
n/a
Operating lease liabilities
175
0.0
n/a
Other liabilities
141
100
117
+40.9%
Total liabilities and equity
1,071
1,176
1,226
-8.9%
Fixed assets
111
115
104
-3.4%
Goodwill
105
106
108
-1.0%
Intangible assets
10.1
13.4
16.9
-24.5%
Investments
295
423
298
-30.2%
Cash and equivalents
170
333
548
-48.8%
Receivables
107
87.3
76.2
+22.4%
Other assets
272
98.6
74.7
+176.3%
Total assets
1,071
1,176
1,226
-8.9%
10-K for the year ended 31 December 2019, filed 28 February 2020: the filing.