RENREN INC. RENN Income Statement

Renren inc. (RENN)

Income statement / Yearly

Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Net revenues:
Used car sales
121,084	0	0	-	-	-	-	-	-
IVAS and others
51,749	34,047	32,507	46,641	64,050	-	-	-	-
Financing income
29,269	29,317	8,604	27	0	20,029	9,579	335	288
Total net revenues
202,102	63,364	41,111	46,668	64,050	154,827	111,510	76,535	46,684
Cost of revenues:
Used car sales
116,385	0	0	-	-	-	-	-	-
IVAS and others
39,038	26,059	30,083	-	-	-	-	-	-
Financing income
28,975	25,708	6,637	-	-	-	-	-	-
Total cost of revenues
184,398	51,767	36,720	34,663	32,970	49,794	25,594	16,624	10,379
Gross profit
17,704	11,597	4,391	12,005	31,080	105,033	85,916	59,911	36,305
Operating expenses:
Selling and marketing
28,954	21,276	30,502	34,593	43,166	47,926	37,656	20,281	19,375
Research and development
23,678	20,750	32,392	42,697	54,716	71,558	37,427	23,699	12,937
General and administrative
52,949	42,584	46,803	48,764	38,021	33,577	15,523	7,511	6,510
Impairment of intangible assets
-	-	-	-	-	0	446	-	-
Impairment of goodwill
-	-	-	46,864	0	0	-	-	-
Restructuring cost
-	-	-	-	-	0	-	-	-
Impairment of intangible assets
-	-	-	-	-	-	-	739	211
Total operating expenses
105,581	84,610	109,697	172,918	135,903	153,061	91,052	52,230	39,033
Loss from operations
-87,877	-73,013	-105,306	-160,913	-104,823	-48,028	-5,136	7,681	-2,728
Other (expenses) income
-1,369	12,888	-7,058	-1,352	979	2,446	2,340	-	-
Change in fair value of warrants
-	-	-	-	-	-	-	-74,364	-68,184
Exchange loss on offshore bank accounts
-	-	-	-2,277	1,476	-1,769	7,753	3,781	1,673
Interest income
2,029	919	2,190	12,569	12,769	-	-	-	-
Interest expenses
10,185	12,439	2,041	0	0	-	-	-	-
Realized (loss) gain on short-term investments
-100	552	-98,112	139,265	56,022	4,317	50,911	-	755
Realized gain on disposal of long-term investments
37,311	0	0	-	-	-	-	-	-
Impairment of long-term investments
113,073	102,307	4,258	0	-	-	-	-	-
Impairment of short-term investments
-	-	-	-	2,098	0	-	-	-
Impairment of equity method investments
-	-	-	-	23,025	0	-	-	-
Impairment of cost method investment
-	-	-	-	-	-	79	-	-
Gain on disposal of cost method investment
-	-	-	-	-	-	-	40	-
Loss before provision of income tax and (loss) earnings in equity method investments and noncontrolling interest, net of tax
-173,264	-173,400	-214,585	-12,708	-58,700	-23,005	65,368	-62,527	-68,196
Income tax expenses
4,479	2,470	3,124	6,517	-3,959	1,384	640	-1,332	-31
Loss before (loss) earnings in equity method investments and noncontrolling interest, net of tax
-177,743	-175,870	-217,709	-19,225	-54,741	-24,389	64,728	-61,195	-68,165
(Loss) earnings in equity method investments, net of tax
67,240	-18,183	-5,468	49,015	20,317	-7,471	1,320	-	-102
Loss from continuing operations
-110,503	-194,053	-223,177	29,790	-34,424	-31,860	66,048	-61,195	-68,267
Discontinued operations:
Income from the operations of the discontinued operations, net of tax expenses of $944, $102 and $nil for the years ended December 31, 2015, 2016 and 2017, respectively
0	391	1,520	-27,194	-34,600	-43,193	-25,044	-4,301	-2,481
Gain on deconsolidation of subsidiaries, net of tax of $nil, $454 and $nil for the years ended December 31, 2015, 2016 and 2017, respectively
0	8,310	0	489	132,665	0	-	-	-
Gain on disposal of equity method investment, net of tax expenses of $6,027, $nil and $nil for the years ended December 31, 2014, 2015 and 2016, respectively
-	-	-	56,993	0	0	-	-	-
Gain on disposal of discontinued operations, net of income taxes
-	-	-	-	-	-	-	1,341	633
Income from discontinued operations, net of tax expenses of $944, $556 and $nil for the years ended December 31, 2015, 2016 and 2017, respectively
0	8,701	1,520	30,288	98,065	-43,193	-25,044	-2,960	-1,848
Net loss
-110,503	-185,352	-221,657	60,078	63,641	-75,053	41,004	-64,155	-70,115
Net loss attributable to the noncontrolling interest
-76	0	-1,529	-382	-92	-27	-252	-	-
Net loss from continuing operations attributable to Renren Inc.
-110,427	-194,053	-221,648	30,172	-34,332	-31,833	66,300	-	-
Net income from discontinued operations attributable to Renren Inc.
0	8,701	1,520	30,288	98,065	-43,193	-25,044	-	-
Net loss attributable to Renren Inc.
-110,427	-185,352	-220,128	60,460	63,733	-75,026	41,256	-64,155	-70,115
Net income (loss) per share:
Net loss per share from continuing operations attributable to Renren Inc. shareholders:
Basic (in dollars per share)
-0.11	-0.19	-0.22	0.03	-0.03	-0.03	0.08	-0.30	-0.34
Diluted (in dollars per share)
-0.11	-0.19	-0.22	0.03	-0.03	-0.03	0.07	-0.30	-0.34
Net income per share from discontinued operations attributable to Renren Inc. shareholders
Basic (in dollars per share)
0.00	0.01	0.00	0.03	0.09	-0.04	-0.03	-0.01	-0.01
Diluted (in dollars per share)
0.00	0.01	0.00	0.03	0.09	-0.04	-0.03	-0.01	-0.01
Net loss per share attributable to Renren Inc. shareholders:
Basic (in dollars per share)
-0.11	-0.18	-0.22	0.06	0.06	-0.07	0.05	-0.31	-0.35
Diluted (in dollars per share)
-0.11	-0.18	-0.22	0.06	0.06	-0.07	0.05	-0.31	-0.35
Weighted average number of shares used in calculating net loss per share from continuing operations attributable to Renren Inc. shareholders:
Basic (in shares)
1,028,537	1,022,664	1,019,378	1,059,446	1,118,091	1,151,659	850,670	-	-
Diluted (in shares)
1,028,537	1,022,664	1,019,378	1,067,631	1,118,091	1,151,659	901,340	-	-
Weighted average number of shares used in calculating net income per share from discontinued operations attributable to Renren Inc. shareholders:
Basic (in shares)
1,028,537	1,022,664	1,019,378	1,059,446	1,118,091	1,151,659	850,670	244,613	250,730
Diluted (in shares)
1,028,537	1,027,176	1,027,236	1,067,631	1,130,739	1,151,659	850,670	244,613	250,730