RENREN INC. RENN Balance Sheet

Renren inc. (RENN)

Balance Sheet / Quarterly

Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10
ASSETS
Current assets:
Cash and cash equivalents
128	79	56	166	154	207	284	136
Term deposits
-	-	-	494	492	550	702	-
Restricted cash
47	30	122	0	-	-	-	-
Short-term investments
0	0	2	29	301	147	53	62
Accounts receivable (net of allowances of $2,839 and $2,856 as of December 31, 2016 and 2017, respectively)
6	4	4	11	15	18	14	12
Financing receivable (net of allowances of $15,067 and $7,023 as of December 31, 2016 and 2017, respectively; including $73,549 and $78,485 from the Plans (i) as of December 31, 2016 and 2017, respectively)
125	301	144	6	-	-	-	-
Prepaid expenses and other current assets
50	20	50	33	34	29	59	7
Inventory
95	0	-	-	-	-	-	-
Amounts due from related parties
15	13	16	1	62	0	0	218
Current assets held for sale
-	-	7	20	-	-	-	-
Deferred tax assets-current
-	-	-	-	0	-	1	0
Equity method investment-current
-	-	-	-	60	-	-	-
Total current assets
468	450	403	763	1,122	952	1,116	437
Long-term financing receivable (net of allowances of $47 and $nil as of December 31, 2016 and 2017, respectively)
0	0	15	0	-	-	-	-
Property and equipment, net
29	28	33	41	58	32	22	11
Intangible assets, net
2	0	-	-	27	26	28	2
Goodwill
101	0	-	-	61	59	58	4
Long-term investments
565	695	810	319	107	107	50	-
Deferred tax assets-noncurrent
-	-	-	-	1	-	-	0
Other non-current assets
27	1	2	21	6	22	1	-
Non-current assets held for sale
-	-	2	2	-	-	-	-
TOTAL ASSETS
1,194	1,176	1,267	1,149	1,385	1,201	1,278	456
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable (including accounts payable of the consolidated VIEs without recourse to Renren Inc. of $5,423 and $19,476 as of December 31, 2016 and 2017, respectively)
20	5	5	4	10	36	20	6
Short-term debt (including short-term debt of the consolidated VIEs without recourse to Renren Inc. of $7,202 and $12,296 as of December 31, 2016 and 2017, respectively)
61	37	106	0	-	-	-	-
Accrued expenses and other current liabilities (including accrued expenses and other current liabilities of the consolidated VIEs without recourse to Renren Inc. of $11,277 and $17,498 as of December 31, 2016 and 2017, respectively; including accrued expenses and other current liabilities of the Plans without recourse to Renren Inc. of $4 and $4 as of December 31, 2016 and 2017, respectively)
45	19	29	21	33	41	31	14
Payable to investors (including payable to investors of the consolidated VIEs without recourse to Renren Inc. of $182,810 and $7,153 as of December 31, 2016 and 2017, respectively; including payable to investors of the Plans without recourse to Renren Inc. of $141 and $64,087 as of December 31, 2016 and 2017, respectively)
142	182	48	0	-	-	-	-
Amounts due to related parties (including amount due to related parties of the consolidated VIEs without recourse to Renren Inc. of $222 and $7,013 as of December 31, 2016 and 2017, respectively)
17	10	0	0	61	0	0	-
Deferred revenue (including deferred revenue of the consolidated VIEs without recourse to Renren Inc. of $5,804 and $10,164 as of December 31, 2016 and 2017, respectively)
11	5	3	3	8	10	7	4
Income tax payable (including income tax payable of the consolidated VIEs without recourse to Renren Inc. of $7,163 and $10,380 as of December 31, 2016 and 2017, respectively)
12	7	6	9	2	1	1	0
Contingent consideration (Note 5) (including contingent consideration of the consolidated VIEs without recourse to Renren Inc. of $nil and $5,944 as of December 31, 2016 and 2017, respectively)
5	0	-	-	-	-	-	-
Long-term debt - current (including long-term debt - current of the consolidated VIEs without recourse to Renren Inc. of $nil and $nil as of December 31, 2016 and 2017, respectively)
52	0	-	-	-	-	-	-
Current liabilities held for sale (including current liabilities held for sale of the consolidated VIEs without recourse to Renren Inc. of $7,729 and $nil as of December 31, 2015 and 2016, respectively)
-	-	8	6	-	-	-	-
Total current liabilities
370	270	208	46	115	90	60	25
Long-term liabilities:
Long-term debt (including long-term debt of the consolidated VIEs without recourse to Renren Inc. of $nil and $nil as of December 31, 2016 and 2017, respectively)
47	95	122	0	-	-	-	-
Long-term payable to investors (including long-term payable to investors of the Plans without recourse to Renren Inc. of $59,916 and $nil as of December 31, 2016 and 2017, respectively)
0	59	0	-	-	-	-	-
Long-term contingent consideration (Note 5) (including long-term contingent consideration of the consolidated VIEs without recourse to Renren Inc. of $nil and $60,850 as of December 31, 2016 and 2017, respectively)
60	0	-	-	-	-	-	-
Deferred tax liabilities-noncurrent
-	-	-	-	-	6	6	0
Other non-current liabilities (including other non-current liabilities of the consolidated VIEs without recourse to Renren Inc. of $nil and $nil as of December 31, 2016 and 2017, respectively)
6	12	7	0	0	-	-	-
Total non-current liabilities
114	168	129	0	-	-	-	-
TOTAL LIABILITIES
485	438	338	46	115	96	67	25
Commitments (Note 23)
0	0	0	0	0	0	0	0
Equity:
Ordinary shares
-	-	-	-	-	-	-	0
Treasury shares, at cost (18,267,684 as of December 31, 2011)
-	-	-	-	-	-	25	-
Additional paid-in capital
1,303	1,266	1,243	1,224	1,285	1,319	1,407	9
Subscription receivable
-	-	-	-	-	0	-	4
Accumulated deficit
-653	-542	-357	-137	-197	-261	-183	-223
Statutory reserves
6	6	6	6	6	6	3	2
Accumulated other comprehensive income
17	6	37	7	174	39	7	46
Total Renren Inc. shareholders' equity
674	738	930	1,102	1,270	1,104	1,210	-169
Noncontrolling interest
33	0	-1	-0	0	0	0	-
Total equity
708	738	929	1,102	1,270	1,105	1,210	-169
TOTAL LIABILITIES AND EQUITY
1,194	1,176	1,267	1,149	1,385	1,201	1,278	456