hD

Balance Sheet Summary

Leju Holdings (LEJU) annual balance sheet covering fiscal 2013 through 2017, as reported to the SEC.

  • Leju Holdings had total assets of $438.94M and total liabilities of $181.91M as of December 31, 2017. That leaves shareholders' equity of $257.04M.
  • Total assets were down 23.8% from $575.87M in fiscal 2016.
  • Total current assets of $284.83M were 1.7 times total current liabilities of $163.89M.
  • Cash and cash equivalents were $150.97M, down 45% from $274.34M. That is 34.4% of total assets.
  • Leju Holdings has an accumulated deficit of $515.34M.

Total assets have grown 2.2% a year on average since fiscal 2013, from $402.94M to $438.94M.

A balance sheet shows what a company owns and what it owes on a single date. The difference between the two belongs to shareholders.

Figures in USD thousands
Dec'17Dec'16Dec'15Dec'14Dec'13
ASSETS
Current assets:
Cash and cash equivalents

150,967

274,337

260,295

317,811

98,729

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Cash and cash equivalents

150,967

274,337

260,295

317,811

98,729

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Restricted cash

336

-

-

-

-

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Restricted cash

336

-

-

-

-

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Accounts receivable, net of allowance for doubtful accounts of $31,160,340 and $21,827,663 as of December 31, 2016 and 2017, respectively

80,606

71,390

113,991

119,741

87,315

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Accounts receivable, net of allowance for doubtful accounts of $31,160,340 and $21,827,663 as of December 31, 2016 and 2017, respectively

80,606

71,390

113,991

119,741

87,315

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Marketable securities

3,077

2,181

-

-

-

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Marketable securities

3,077

2,181

-

-

-

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Deferred tax assets

-

-

-

29,857

-

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Deferred tax assets

-

-

-

29,857

-

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Customer deposits

35,822

39,702

58,833

-

-

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Customer deposits

35,822

39,702

58,833

-

-

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Deferred tax assets

-

-

-

-

27,714

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Deferred tax assets

-

-

-

-

27,714

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Prepaid expenses and other current assets

9,945

12,755

20,880

13,355

5,556

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Prepaid expenses and other current assets

9,945

12,755

20,880

13,355

5,556

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Amounts due from related parties

4,077

6,019

8

0

3,471

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Amounts due from related parties

4,077

6,019

8

0

3,471

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Total current assets

284,833

406,386

454,010

480,766

222,787

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Total current assets

284,833

406,386

454,010

480,766

222,787

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Property and equipment, net

14,240

7,923

6,800

7,158

7,027

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Property and equipment, net

14,240

7,923

6,800

7,158

7,027

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Intangible assets, net

70,631

78,373

90,736

105,418

128,530

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Intangible assets, net

70,631

78,373

90,736

105,418

128,530

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Investment in affiliates

145

408

668

272

251

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Investment in affiliates

145

408

668

272

251

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Goodwill

-

39,018

39,807

40,563

40,610

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Goodwill

-

39,018

39,807

40,563

40,610

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Deferred tax assets

67,083

41,698

32,769

-

-

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Deferred tax assets

67,083

41,698

32,769

-

-

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Other non-current assets

2,010

2,058

2,044

4,085

3,730

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Other non-current assets

2,010

2,058

2,044

4,085

3,730

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

TOTAL ASSETS

438,944

575,866

626,838

638,265

402,938

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

TOTAL ASSETS

438,944

575,866

626,838

638,265

402,938

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

LIABILITIES AND EQUITY
Current liabilities:
Accounts payable (including accounts payable of the consolidated VIEs without recourse to Leju of $1,573,620 and $1,771,717 as of December 31, 2016 and 2017, respectively)

2,949

1,573

327

370

1,422

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Accounts payable (including accounts payable of the consolidated VIEs without recourse to Leju of $1,573,620 and $1,771,717 as of December 31, 2016 and 2017, respectively)

2,949

1,573

327

370

1,422

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Accrued payroll and welfare expenses (including accrued payroll and welfare expenses of the consolidated VIEs without recourse to Leju of $29,742,853 and $28,021,779 as of December 31, 2016 and 2017, respectively)

37,081

41,727

45,691

48,007

30,504

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Accrued payroll and welfare expenses (including accrued payroll and welfare expenses of the consolidated VIEs without recourse to Leju of $29,742,853 and $28,021,779 as of December 31, 2016 and 2017, respectively)

37,081

41,727

45,691

48,007

30,504

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Income tax payable (including income tax payable of the consolidated VIEs without recourse to Leju of $29,890,262 and $25,705,206 as of December 31, 2016 and 2017, respectively)

63,380

66,147

66,814

57,246

41,436

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Income tax payable (including income tax payable of the consolidated VIEs without recourse to Leju of $29,890,262 and $25,705,206 as of December 31, 2016 and 2017, respectively)

63,380

66,147

66,814

57,246

41,436

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Other tax payable (including other tax payable of the consolidated VIEs without recourse to Leju of $13,360,481 and $11,166,308 as of December 31, 2016 and 2017, respectively)

11,654

16,678

31,930

27,804

18,513

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Other tax payable (including other tax payable of the consolidated VIEs without recourse to Leju of $13,360,481 and $11,166,308 as of December 31, 2016 and 2017, respectively)

11,654

16,678

31,930

27,804

18,513

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Amounts due to related parties (including amounts due to related parties of the consolidated VIEs without recourse to Leju of $1,581,349 and $1,245,000 as of December 31, 2016 and 2017, respectively)

3,092

1,581

10,214

5,289

4,501

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Amounts due to related parties (including amounts due to related parties of the consolidated VIEs without recourse to Leju of $1,581,349 and $1,245,000 as of December 31, 2016 and 2017, respectively)

3,092

1,581

10,214

5,289

4,501

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Advances from customers and deferred revenue (including advance from customers and deferred revenue of the consolidated VIEs without recourse to Leju of $4,960,924 and $10,050,703 as of December 31, 2016 and 2017, respectively)

10,564

5,058

5,703

5,054

7,162

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Advances from customers and deferred revenue (including advance from customers and deferred revenue of the consolidated VIEs without recourse to Leju of $4,960,924 and $10,050,703 as of December 31, 2016 and 2017, respectively)

10,564

5,058

5,703

5,054

7,162

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Liability for exclusive rights, current (including liability for exclusive rights, current of the consolidated VIEs without recourse to Leju of $8,967,972 and nil as of December 31, 2013 and 2014, respectively)

-

-

-

-

8,967

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Liability for exclusive rights, current (including liability for exclusive rights, current of the consolidated VIEs without recourse to Leju of $8,967,972 and nil as of December 31, 2013 and 2014, respectively)

-

-

-

-

8,967

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Accrued marketing and advertising expenses (including liability for accrued marketing and advertising expenses of the consolidated VIEs without recourse to Leju of $6,271,191 and $14,117,697 as of December 31, 2016 and 2017, respectively)

18,851

9,355

3,914

19,269

7,374

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Accrued marketing and advertising expenses (including liability for accrued marketing and advertising expenses of the consolidated VIEs without recourse to Leju of $6,271,191 and $14,117,697 as of December 31, 2016 and 2017, respectively)

18,851

9,355

3,914

19,269

7,374

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Liability for unpaid consideration of acquiring non-controlling interest (including liability for unpaid consideration of acquiring non-controlling interest of the consolidated VIEs without recourse to Leju of $7,338,593 and nil as of December 31, 2015 and 2016, respectively)

-

-

7,338

25,645

-

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Liability for unpaid consideration of acquiring non-controlling interest (including liability for unpaid consideration of acquiring non-controlling interest of the consolidated VIEs without recourse to Leju of $7,338,593 and nil as of December 31, 2015 and 2016, respectively)

-

-

7,338

25,645

-

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Other current liabilities (including other current liabilities of the consolidated VIEs without recourse to Leju of $6,809,176 and $15,606,182 as of December 31, 2016 and 2017, respectively)

16,315

8,516

7,672

8,613

3,700

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Other current liabilities (including other current liabilities of the consolidated VIEs without recourse to Leju of $6,809,176 and $15,606,182 as of December 31, 2016 and 2017, respectively)

16,315

8,516

7,672

8,613

3,700

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Total current liabilities

163,890

150,638

179,607

197,300

123,584

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Total current liabilities

163,890

150,638

179,607

197,300

123,584

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Deferred tax liabilities (including deferred tax liabilities of the consolidated VIEs without recourse to Leju of $533,401 and $414,505 as of December 31, 2016 and 2017, respectively)

18,016

18,869

22,997

-

-

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Deferred tax liabilities (including deferred tax liabilities of the consolidated VIEs without recourse to Leju of $533,401 and $414,505 as of December 31, 2016 and 2017, respectively)

18,016

18,869

22,997

-

-

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Deferred tax liabilities (including deferred tax liabilities, non-current of the consolidated VIEs without recourse to Leju of $469,579 and $523,874 as of December 31, 2014 and 2015, respectively)

-

-

-

26,041

27,563

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Deferred tax liabilities (including deferred tax liabilities, non-current of the consolidated VIEs without recourse to Leju of $469,579 and $523,874 as of December 31, 2014 and 2015, respectively)

-

-

-

26,041

27,563

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Total liabilities

181,906

169,507

202,605

223,342

151,148

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Total liabilities

181,906

169,507

202,605

223,342

151,148

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Commitments and contingencies (Note 15)

-

-

-

-

-

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Commitments and contingencies (Note 15)

-

-

-

-

-

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Shareholders' Equity:
Ordinary shares ($0.001 par value): 1,000,000,000 shares authorized, 135,503,958 and 135,763,962 shares issued and outstanding, as of December 31, 2016 and 2017, respectively

135

135

134

134

120

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Ordinary shares ($0.001 par value): 1,000,000,000 shares authorized, 135,503,958 and 135,763,962 shares issued and outstanding, as of December 31, 2016 and 2017, respectively

135

135

134

134

120

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Additional paid-in capital

788,588

785,019

773,766

788,246

686,378

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Additional paid-in capital

788,588

785,019

773,766

788,246

686,378

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Accumulated deficit

-515,344

-354,364

-343,658

-377,876

-443,294

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Accumulated deficit

-515,344

-354,364

-343,658

-377,876

-443,294

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Subscription receivable

-

-

9

688

120

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Subscription receivable

-

-

9

688

120

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Accumulated other comprehensive loss

-13,077

-22,321

-5,521

5,029

5,621

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Accumulated other comprehensive loss

-13,077

-22,321

-5,521

5,029

5,621

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Total Leju Holdings Limited Shareholders' Equity

260,302

408,468

424,712

414,845

248,705

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Total Leju Holdings Limited Shareholders' Equity

260,302

408,468

424,712

414,845

248,705

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Non-controlling interests

-3,265

-2,109

-478

77

3,084

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Non-controlling interests

-3,265

-2,109

-478

77

3,084

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Total equity

257,037

406,359

424,233

414,923

251,790

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

Total equity

257,037

406,359

424,233

414,923

251,790

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

TOTAL LIABILITIES AND EQUITY

438,944

575,866

626,838

638,265

402,938

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

TOTAL LIABILITIES AND EQUITY

438,944

575,866

626,838

638,265

402,938

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx

xxxxx