Noah holdings ltd (NOAH)
Income statement / Yearly
Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Revenues:
Third-party revenues
Total third-party revenues

206,938

204,980

172,081

129,454

95,989

65,780

63,636

30,996

14,257

Related party revenues
Total related party revenues

230,485

163,971

172,587

132,793

77,329

25,982

12,724

9,068

1,145

Total revenues

437,423

368,952

344,668

262,248

173,318

91,763

76,360

40,064

15,402

Less: business taxes and related surcharges

2,935

6,922

17,408

14,380

9,547

5,068

4,197

2,201

838

Net revenues

434,488

362,029

327,260

247,868

163,771

86,695

72,163

37,863

14,564

Operating cost and expenses:
Relationship manager compensation

94,687

81,178

80,988

52,246

33,436

17,551

-

-

-

Performance fee compensation

1,735

1,173

3,826

3,536

-

-

-

-

-

Other compensations

119,886

104,945

94,951

63,826

39,606

24,823

-

-

-

Total compensation and benefits

216,308

187,297

179,766

119,610

73,043

42,374

-

-

-

Cost of revenues

-

-

-

-

-

-

14,805

6,570

2,508

Selling expenses

49,254

46,473

40,726

23,896

16,660

13,449

19,262

8,488

3,168

General and administrative expenses

38,252

33,773

26,386

24,611

18,087

8,901

13,556

7,292

4,435

Other operating expenses

22,642

21,761

14,607

4,861

734

419

-

-

-

Government subsidies

11,398

23,385

20,486

14,792

5,323

4,295

-

-

-

Other operating income

-

-

-

-

-

-

562

172

230

Total operating cost and expenses

315,058

265,920

241,000

158,188

103,201

60,850

47,061

22,179

9,881

Income from operations

119,430

96,109

86,260

89,679

60,570

25,845

25,101

15,684

4,682

Other income (expenses):
Interest income

6,919

5,694

6,128

6,312

3,302

2,451

1,953

179

57

Interest expenses

3,708

2,778

2,477

-

-

-

-

-

-

Investment income

10,350

6,990

8,020

3,821

3,924

3,044

1,368

281

358

Foreign exchange (loss) gain

-

-

-

115

308

-180

3,218

-129

-

Other income (expense)

544

-364

70

-2,386

3

110

128

-23

-15

Gain on change in fair value of derivative liabilities

-

-

-

-

-

-

-

354

-796

Total other income

14,105

9,542

11,741

7,863

7,539

5,426

6,669

661

-395

Income before taxes and income from equity in affiliates

133,535

105,652

98,001

97,543

68,109

31,271

31,770

16,345

4,287

Income tax expense

30,599

22,756

20,050

24,531

16,263

8,979

7,779

4,790

638

Income from equity in affiliates

14,161

3,218

3,296

2,200

1,191

617

-21

-25

-

Net income

117,097

86,114

81,246

75,212

53,038

22,909

23,969

11,530

-

Less: net (loss) attributable to non-controlling interests

-2,113

-5,847

-1,470

2,806

1,602

82

0

-

-

Less: net (loss) income attributable to redeemable non-controlling interest of a subsidiary

996

-768

-

-

-

-

-

-

-

Less: effect on retained earnings caused by termination of redeemable non-controlling interest of a subsidiary

953

-

-

-

-

-

-

-

-

Net income attributable to Noah Holdings Limited shareholders

117,261

92,730

82,716

72,406

51,435

22,826

23,969

11,530

3,648

Net income per share:
Less: deemed dividend on Series A convertible redeemable preferred shares

-

-

-

-

-

-

-

108

208

Net income attributable to ordinary shareholders of Noah Holdings Ltd.

-

-

-

-

-

-

-

11,422

3,440

Basic

4.15

3.29

2.95

2.60

1.87

0.82

0.86

0.53

0.20

Diluted

3.98

3.18

2.83

2.57

1.84

0.81

0.84

0.46

0.13

Weighted average number of shares used in computation:
Basic

28,275

28,150

28,085

27,873

27,480

27,751

27,894

16,665

11,121

Diluted

30,233

30,036

30,145

28,227

28,008

28,073

28,521

19,030

16,835