CHANGYOU.COM LTD CYOU Income Statement

Changyou.com ltd (CYOU)

Income statement / Yearly

Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Ordinary shares [Member]
ADS [Member]
Cost of revenues [Member]
Product development [Member]
Sales and marketing [Member]
General and administrative [Member]
Revenues:
Online game
449,533	395,708	636,846	652,008	669,168	570,346	435,512	327,153	-
Online advertising
25,129	39,409	57,832	58,963	49,998	42,525	36,349	26,953	-
Cinema advertising
91,419	68,542	42,573	21,938	-	-	-	-	-
IVAS
14,180	21,726	24,385	22,357	5,402	4,307	1,862	-	-
Online game
-	-	-	-	-	-	-	-	267,585
Online advertising
-	-	-	-	-	-	-	-	20,617
Others
-	-	-	-	13,307	6,251	10,853	0	-
Total revenues
580,261	525,385	761,636	755,266	737,875	623,429	484,576	354,106	288,202
Cost of revenues:
Online game
62,774	96,171	156,318	142,549	93,306	76,432	49,837	29,852	-
Online advertising
6,660	10,104	11,565	14,838	13,827	6,535	3,892	3,154	-
Cinema advertising
84,944	45,959	29,231	21,490	-	-	-	-	-
IVAS
9,408	13,576	19,647	22,985	1,786	1,509	0	-	-
Online game (including transactions with a related party of $13, $nil, $nil, respectively)
-	-	-	-	-	-	-	-	17,518
Online advertising (including transactions with a related party of $16, $22 and $37, respectively)
-	-	-	-	-	-	-	-	2,431
Others (including transactions with related parties of $1,310, $nil and $nil, respectively)
-	-	-	-	17,518	20,046	13,783	0	-
Total cost of revenues
163,786	165,810	216,761	201,862	126,437	104,522	67,512	33,006	19,949
Gross profit
416,475	359,575	544,875	553,404	611,438	518,907	417,064	321,100	268,253
Operating expenses:
Product development
131,032	121,619	170,605	194,113	119,909	73,755	52,238	39,893	28,864
Sales and marketing (including transactions with related parties of $2,651, $1,039 and $802, respectively)
60,917	56,543	92,355	241,307	128,830	60,639	49,893	39,211	36,348
General and administrative
47,163	50,560	80,269	107,451	57,191	33,514	29,684	19,558	20,052
Goodwill impairment and impairment of intangible assets acquired as part of acquisition of a business
86,882	0	40,324	52,282	0	2,906	5,420	0	-
Total operating expenses
325,994	228,722	383,553	595,153	305,930	170,814	137,235	98,662	85,264
Operating profit
90,481	130,853	161,322	-41,749	305,508	348,093	279,829	222,438	182,989
Interest income (including transactions with related parties of $5,360, $11,250 and $22,162, respectively)
32,319	21,490	23,777	-	-	-	-	-	-
Interest income (including transactions with related parties of $nil, $5,360 and $11,250, respectively)
-	-	-	26,091	28,455	-	-	-	-
Foreign currency exchange gain/(loss)
-5,196	5,108	2,954	-668	-5,936	-	-	-	-
Interest expense (including transactions with related parties of $1,340, $3,727 and $4,372, respectively)
4,372	4,321	8,333	-	-	-	-	-	-
Interest income
-	-	-	-	-	15,882	11,933	4,194	-
Foreign currency exchange loss
-	-	-	-	-	558	618	527	-
Interest income
-	-	-	-	-	-	-	-	3,391
Foreign currency exchange loss
-	-	-	-	-	-	-	-	-12
Interest expense (including transactions with related parties of $nil, $1,340 and $3,727, respectively)
-	-	-	6,452	8,835	2,243	7	39	104
Other income, net
9,374	15,523	64,962	4,112	3,613	-173	457	-1,393	159
Income before income tax expense
122,606	168,653	244,682	-18,666	322,805	361,001	291,594	224,673	-
Income before income tax expense
-	-	-	-	-	-	-	-	186,423
Income tax expense
40,767	21,583	54,055	2,493	36,383	67,405	43,580	29,990	24,205
Net income
81,839	147,070	190,627	-21,159	286,422	293,596	248,014	194,683	162,218
Less: Net income attributable to the mezzanine classified non-controlling interest shareholders
-	-	-	-	17,780	11,196	2,558	0	-
Less: Net income/(loss) attributable to non-controlling interest shareholders
-26,995	2,123	-22,157	-17,778	0	0	-	-	-
Net income attributable to Changyou.com Limited
108,834	144,947	212,784	-3,381	268,642	282,400	245,456	-	-
Net income attributable to Changyou.com Limited
-	-	-	-	-	-	-	194,683	162,218
Net income
81,839	147,070	190,627	-21,159	286,422	293,596	248,014	194,683	162,218
Change in foreign currency translation adjustment (net of tax of nil, nil, and nil, respectively)
68,028	-66,321	-74,904	-2,949	-	-	-	-	-
Available-for-sale securities:
Change in unrealized gain/(loss) (net of tax of nil, nil, and nil respectively)
0	0	-1,454	18	-	-	-	-	-
Less: reclassification adjustment for net loss included in net income (net of tax of nil, nil, and nil, respectively)
0	0	-1,436	0	-	-	-	-	-
Net change in unrealized gain/(loss) on available-for-sale securities, net of tax
0	0	-18	18	-	-	-	-	-
Total Other comprehensive income/(loss)
68,028	-66,321	-74,922	-2,931	33,600	3,385	-	-	-
Other comprehensive income: Foreign currency translation adjustment
-	-	-	-	-	-	21,867	10,291	-
Other comprehensive income: Foreign currency translation adjustment
-	-	-	-	-	-	-	-	151
Comprehensive income
149,867	80,749	115,705	-24,090	320,022	296,981	269,881	204,974	162,369
Comprehensive income attributable to the mezzanine classified non-controlling interest shareholders
-	-	-	-	17,780	11,196	-	-	-
Comprehensive income/(loss) attributable to non-controlling interest shareholders
-26,995	2,127	-22,176	-17,778	0	0	-	-	-
Comprehensive income attributable to the mezzanine classified non-controlling interest
-	-	-	-	-	-	2,558	0	-
Comprehensive income attributable to Changyou.com Limited
176,862	78,622	137,881	-6,312	302,242	285,785	267,323	204,974	162,369
Basic net income per share (in US dollars per share)
-	-	-	-	-	-	-	1.88	1.61
Diluted net income per share (in US dollars per share)
-	-	-	-	-	-	-	1.83	1.57
Basic net income per ADS
-	-	-	-	-	-	-	-	3.22
Diluted net income per ADS
-	-	-	-	-	-	-	-	3.15
Weighted average number of shares outstanding, basic (in shares)
-	-	-	-	-	-	-	103,792	100,728
Weighted average number of shares outstanding, diluted (in shares)
-	-	-	-	-	-	-	106,239	103,051
Total share-based compensation cost included in:
Weighted average number of ADS outstanding, basic
-	-	-	-	-	-	-	-	50,364
Weighted average number of ADS outstanding, diluted
-	-	-	-	-	-	-	-	51,526