Yelp (YELP) FY2020 results: revenue $873 million, down 13.9% on the year
Yelp Inc. (YELP) reported revenue of $873 million for fiscal 2020, the year ended 31 December 2020, down 13.9% on the year before. Net income was -$19 million, and diluted earnings per share $-0.27. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2021.
Revenue
$873 million
-13.9% on the year
FY2013FY2020
Operating margin
-4.4%
3.5% a year earlier
FY2013FY2020
Net income
-$19 million
FY2013FY2020
Diluted EPS
-$0.27
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
873
1,014
943
-13.9%
Cost of revenue
57.2
62.4
57.9
-8.4%
Gross profit
816
952
885
-14.3%
Gross margin
93.4%
93.8%
93.9%
Research and development
230
226
206
+2.0%
Operating income
-38.8
35.5
25.9
Operating margin
-4.4%
3.5%
2.7%
Pre-tax income
-35.1
49.8
40.0
Income tax
-15.7
8.9
-15.3
Effective tax rate
n/a
17.9%
-38.4%
Net income
-19.4
40.9
55.4
Net margin
-2.2%
4.0%
5.9%
Diluted EPS
-$0.27
$0.52
$0.62
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
177
205
160
-13.7%
Capital expenditure
32.0
37.5
45.0
-14.7%
Free cash flow
145
167
115
-13.5%
Free cash flow margin
16.6%
16.5%
12.2%
Cash from investing
248
124
-164
+99.7%
Cash from financing
-21.1
-492
-208
Depreciation and amortisation
50.6
49.4
42.8
+2.5%
Share-based compensation
125
122
114
+2.5%
Buybacks
24.4
481
187
-94.9%
Diluted shares, weighted
73m
78m
89m
-6.4%
Shares outstanding at period end
75m
71m
82m
+5.7%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
855
755
1,076
+13.2%
Debt
0.0
0.0
n/a
Operating lease liabilities
149
175
0.0
-14.8%
Other liabilities
151
141
100
+7.5%
Total liabilities and equity
1,155
1,071
1,176
+7.9%
Fixed assets
102
111
115
-8.3%
Goodwill
109
105
106
+4.5%
Intangible assets
13.5
10.1
13.4
+34.1%
Investments
0.0
295
423
Cash and equivalents
596
170
333
+249.9%
Receivables
88.4
107
87.3
-17.3%
Other assets
246
272
98.6
-9.7%
Total assets
1,155
1,071
1,176
+7.9%
10-K for the year ended 31 December 2020, filed 26 February 2021: the filing.