Sina (SINA) annual balance sheet covering fiscal 2012 through 2017, as reported to the SEC.
Total assets have grown 31.4% a year on average since fiscal 2012, from $1.48B to $5.82B.
A balance sheet shows what a company owns and what it owes on a single date. The difference between the two belongs to shareholders.
| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASSETS | |||||||||||||||||||||
Current assets: | |||||||||||||||||||||
Cash and cash equivalents | |||||||||||||||||||||
1,990 | 1,407 | 763 | 1,223 | 916 | 199 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Cash and cash equivalents | 1,990 | 1,407 | 763 | 1,223 | 916 | 199 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Short-term investments | |||||||||||||||||||||
1,381 | 389 | 1,446 | 942 | 951 | 513 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Short-term investments | 1,381 | 389 | 1,446 | 942 | 951 | 513 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Restricted cash | |||||||||||||||||||||
216 | 241 | 140 | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Restricted cash | 216 | 241 | 140 | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Accounts receivable, net of allowances for doubtful accounts of $14,068 and $20,214, respectively (including due from related parties of $60,896 and $75,037 as of December 31, 2016 and 2017, respectively, Note 9) | |||||||||||||||||||||
285 | 210 | 228 | 259 | 193 | 135 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Accounts receivable, net of allowances for doubtful accounts of $14,068 and $20,214, respectively (including due from related parties of $60,896 and $75,037 as of December 31, 2016 and 2017, respectively, Note 9) | 285 | 210 | 228 | 259 | 193 | 135 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Prepaid expenses and other current assets (Note 9) | |||||||||||||||||||||
228 | 407 | 135 | 105 | 57 | 36 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Prepaid expenses and other current assets (Note 9) | 228 | 407 | 135 | 105 | 57 | 36 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total current assets | |||||||||||||||||||||
4,102 | 2,656 | 2,714 | 2,531 | 2,118 | 885 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total current assets | 4,102 | 2,656 | 2,714 | 2,531 | 2,118 | 885 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Property and equipment, net (Note 9) | |||||||||||||||||||||
262 | 241 | 47 | 63 | 80 | 76 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Property and equipment, net (Note 9) | 262 | 241 | 47 | 63 | 80 | 76 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Long-term investments, net (Note 4) | |||||||||||||||||||||
1,288 | 1,318 | 1,212 | 860 | 526 | 466 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Long-term investments, net (Note 4) | 1,288 | 1,318 | 1,212 | 860 | 526 | 466 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Intangible assets, net (Note 6) | |||||||||||||||||||||
22 | 1 | 9 | 13 | 10 | 0 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Intangible assets, net (Note 6) | 22 | 1 | 9 | 13 | 10 | 0 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Equity investments | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Equity investments | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Goodwill (Note 6) | |||||||||||||||||||||
81 | 10 | 52 | 51 | 47 | 15 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Goodwill (Note 6) | 81 | 10 | 52 | 51 | 47 | 15 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other assets (Note 9) | |||||||||||||||||||||
57 | 56 | 320 | 183 | 113 | 38 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other assets (Note 9) | 57 | 56 | 320 | 183 | 113 | 38 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total assets | |||||||||||||||||||||
5,815 | 4,284 | 4,356 | 3,703 | 2,897 | 1,482 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total assets | 5,815 | 4,284 | 4,356 | 3,703 | 2,897 | 1,482 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
LIABILITIES AND SHAREHOLDERS' EQUITY | |||||||||||||||||||||
Current liabilities (including amounts of the consolidated VIEs without recourse to the primary beneficiaries of $556,738 and $671,205 as of December 31, 2016 and 2017, respectively. Note 2): | |||||||||||||||||||||
Accounts payable | |||||||||||||||||||||
130 | 108 | 81 | 3 | 6 | 7 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Accounts payable | 130 | 108 | 81 | 3 | 6 | 7 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Amount due to customers | |||||||||||||||||||||
216 | 241 | 140 | 42 | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Amount due to customers | 216 | 241 | 140 | 42 | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Accrued expenses and other current liabilities (Note 9) | |||||||||||||||||||||
446 | 452 | 265 | 276 | 220 | 168 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Accrued expenses and other current liabilities (Note 9) | 446 | 452 | 265 | 276 | 220 | 168 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Short-term bank loans | |||||||||||||||||||||
89 | 33 | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Short-term bank loans | 89 | 33 | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Income taxes payable | |||||||||||||||||||||
102 | 40 | 16 | 17 | 21 | 13 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Income taxes payable | 102 | 40 | 16 | 17 | 21 | 13 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Deferred revenues (including deferred revenue from related parties of $19,186 and $14,666 as of December 31, 2016 and 2017, respectively) | |||||||||||||||||||||
134 | 95 | 79 | 50 | 49 | 36 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Deferred revenues (including deferred revenue from related parties of $19,186 and $14,666 as of December 31, 2016 and 2017, respectively) | 134 | 95 | 79 | 50 | 49 | 36 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Convertible debt (Note 18) | |||||||||||||||||||||
153 | - | 795 | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Convertible debt (Note 18) | 153 | - | 795 | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Investor option liability (Note 7) | |||||||||||||||||||||
- | - | - | - | 29 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Investor option liability (Note 7) | - | - | - | - | 29 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total current liabilities | |||||||||||||||||||||
1,272 | 971 | 1,378 | 391 | 328 | 227 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total current liabilities | 1,272 | 971 | 1,378 | 391 | 328 | 227 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Long-term liabilities (including amounts of the consolidated VIEs without recourse to the primary beneficiaries of $3,790 and $6,483 as of December 31, 2016 and 2017, respectively. Note 2): | |||||||||||||||||||||
Convertible debt (Note 18) | |||||||||||||||||||||
879 | 153 | - | 800 | 800 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Convertible debt (Note 18) | 879 | 153 | - | 800 | 800 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Deferred revenues from related parties (Note 10) | |||||||||||||||||||||
54 | 65 | 76 | 85 | 89 | 107 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Deferred revenues from related parties (Note 10) | 54 | 65 | 76 | 85 | 89 | 107 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other long-term liabilities | |||||||||||||||||||||
8 | 4 | 25 | 5 | 5 | 2 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other long-term liabilities | 8 | 4 | 25 | 5 | 5 | 2 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total long-term liabilities | |||||||||||||||||||||
942 | 222 | 101 | 890 | 894 | 110 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total long-term liabilities | 942 | 222 | 101 | 890 | 894 | 110 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total liabilities | |||||||||||||||||||||
2,215 | 1,193 | 1,480 | 1,282 | 1,222 | 337 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total liabilities | 2,215 | 1,193 | 1,480 | 1,282 | 1,222 | 337 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Commitments and contingencies (Note 19) | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Commitments and contingencies (Note 19) | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Shareholders' equity: | |||||||||||||||||||||
SINA shareholders' equity: | |||||||||||||||||||||
Preferred shares: $1.00 par value; 3,750,000 and 3,750,000 shares authorized; nil shares issued and outstanding as of December 31, 2016; 7,150 shares issued and outstanding as of December 31, 2017, respectively (Note 15) | |||||||||||||||||||||
0 | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Preferred shares: $1.00 par value; 3,750,000 and 3,750,000 shares authorized; nil shares issued and outstanding as of December 31, 2016; 7,150 shares issued and outstanding as of December 31, 2017, respectively (Note 15) | 0 | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Ordinary shares: $0.133 par value; 150,000,000 and 150,000,000 shares authorized; 80,543,686 shares issued and 70,937,110 shares outstanding as of December 31, 2016; 81,489,677 shares issued and 71,409,729 shares outstanding as of December 31, 2017, respectively | |||||||||||||||||||||
10 | 10 | 10 | 8 | 8 | 8 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Ordinary shares: $0.133 par value; 150,000,000 and 150,000,000 shares authorized; 80,543,686 shares issued and 70,937,110 shares outstanding as of December 31, 2016; 81,489,677 shares issued and 71,409,729 shares outstanding as of December 31, 2017, respectively | 10 | 10 | 10 | 8 | 8 | 8 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Treasury stock (9,606,576 and 10,079,948 shares as of December 31, 2016 and 2017, respectively, Note 18) | |||||||||||||||||||||
484 | 436 | 410 | 348 | 99 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Treasury stock (9,606,576 and 10,079,948 shares as of December 31, 2016 and 2017, respectively, Note 18) | 484 | 436 | 410 | 348 | 99 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Additional paid-in capital | |||||||||||||||||||||
3,192 | 2,610 | 2,211 | 1,746 | 777 | 736 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Additional paid-in capital | 3,192 | 2,610 | 2,211 | 1,746 | 777 | 736 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Accumulated other comprehensive income | |||||||||||||||||||||
90 | 60 | 204 | 216 | 158 | 90 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Accumulated other comprehensive income | 90 | 60 | 204 | 216 | 158 | 90 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Retained earnings | |||||||||||||||||||||
37 | 435 | 548 | 522 | 346 | 301 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Retained earnings | 37 | 435 | 548 | 522 | 346 | 301 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total SINA shareholders' equity | |||||||||||||||||||||
2,846 | 2,679 | 2,565 | 2,145 | 1,191 | 1,136 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total SINA shareholders' equity | 2,846 | 2,679 | 2,565 | 2,145 | 1,191 | 1,136 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Non-controlling interests (Note 8) | |||||||||||||||||||||
752 | 411 | 311 | 275 | 484 | 9 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Non-controlling interests (Note 8) | 752 | 411 | 311 | 275 | 484 | 9 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total shareholders' equity | |||||||||||||||||||||
3,599 | 3,090 | 2,876 | 2,421 | 1,675 | 1,145 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total shareholders' equity | 3,599 | 3,090 | 2,876 | 2,421 | 1,675 | 1,145 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total liabilities and shareholders' equity | |||||||||||||||||||||
5,815 | 4,284 | 4,356 | 3,703 | 2,897 | 1,482 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total liabilities and shareholders' equity | 5,815 | 4,284 | 4,356 | 3,703 | 2,897 | 1,482 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||