| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|
Net revenues: | |||||||||
Third parties | |||||||||
1,131,500 | 732,724 | 505,934 | 445,426 | 439,911 | 399,007 | 361,866 | - | - | - |
Related parties | |||||||||
180,366 | 138,463 | 237,295 | 194,860 | 86,583 | 13,921 | 6,939 | - | - | - |
Total advertising revenue | |||||||||
1,311,866 | 871,187 | 743,229 | 640,286 | 526,494 | 412,928 | 368,805 | 290,814 | 227,895 | 258,499 |
Non-advertising (including amortization of deferred revenues related to the license to Leju of $10,435, $10,435 and $10,435 for 2015, 2016 and 2017, respectively) | |||||||||
272,018 | 159,749 | 137,440 | 127,955 | 138,612 | 116,401 | 114,024 | 111,803 | 130,672 | 111,088 |
Total net revenues | |||||||||
1,583,884 | 1,030,936 | 880,669 | 768,241 | 665,106 | 529,329 | 482,829 | 402,617 | 358,567 | 369,587 |
Costs of revenues: | |||||||||
Advertising | |||||||||
325,494 | 288,044 | 280,455 | 244,697 | 216,513 | 195,324 | 157,458 | 116,295 | 99,835 | 100,008 |
Non-advertising | |||||||||
88,643 | 66,652 | 54,925 | 45,644 | 54,551 | 52,608 | 57,890 | 52,115 | 58,457 | 50,327 |
Total costs of revenue | |||||||||
414,137 | 354,696 | 335,380 | 290,341 | 271,064 | 247,932 | 215,348 | 168,410 | 158,292 | 150,335 |
Gross profit | |||||||||
1,169,747 | 676,240 | 545,289 | 477,900 | 394,042 | 281,397 | 267,481 | 234,207 | 200,275 | 219,252 |
Operating expenses: | |||||||||
Sales and marketing | |||||||||
408,856 | 247,068 | 230,428 | 228,927 | 160,411 | 142,342 | 135,867 | 77,996 | 85,133 | 79,784 |
Product development | |||||||||
267,392 | 216,228 | 209,771 | 192,322 | 146,332 | 108,206 | 66,264 | 34,048 | 33,777 | 30,371 |
General and administrative | |||||||||
104,923 | 99,474 | 92,868 | 83,039 | 64,727 | 39,397 | 30,121 | 22,585 | 40,025 | 33,179 |
Goodwill and acquired intangibles impairment (Note 6) | |||||||||
- | 40,194 | - | 14,526 | - | - | 68,891 | - | - | - |
Amortization of intangible assets | |||||||||
- | - | - | - | - | - | - | 3,335 | 4,138 | 1,337 |
Total operating expenses | |||||||||
781,171 | 602,964 | 533,067 | 518,814 | 371,470 | 289,945 | 301,143 | 137,964 | 163,073 | 144,671 |
Income from operations | |||||||||
388,576 | 73,276 | 12,222 | -40,914 | 22,572 | -8,548 | -33,662 | 96,243 | 37,202 | 74,581 |
Interest and other income, net | |||||||||
42,696 | 26,213 | 22,392 | 28,925 | 18,792 | 16,798 | 16,327 | 8,804 | 8,371 | 18,270 |
Change in fair value of option liability (Note 4) | |||||||||
- | -28,456 | - | -46,972 | 21,064 | - | - | - | - | - |
Income (loss) from equity method investments, net | |||||||||
-16,070 | -11,766 | 218 | 19,471 | 9,525 | -10,730 | 1,466 | 12,604 | - | - |
Realized gain on investments | |||||||||
132,007 | 289,693 | 19,790 | 227,824 | -7,387 | 55,563 | - | - | - | - |
Investment related impairment | |||||||||
122,970 | 44,433 | 8,479 | 19,593 | 6,134 | 18,498 | - | - | - | - |
Investment impairment | |||||||||
- | - | - | - | - | - | 281,548 | 128,554 | - | - |
Gain on sale of business or (investment impairment) | |||||||||
- | - | - | - | - | - | - | - | 375,055 | 2,358 |
Income before income tax expense | |||||||||
424,239 | 304,527 | 46,143 | 168,741 | 58,432 | 34,585 | -297,417 | -10,903 | 420,628 | 95,209 |
Income tax expense (Note 11) | |||||||||
74,676 | 27,219 | 10,420 | 6,970 | 14,602 | 2,730 | 5,001 | 8,436 | 8,323 | 14,042 |
Net income | |||||||||
349,563 | 277,308 | 35,723 | 161,771 | 43,830 | 31,855 | -302,418 | -19,339 | 412,305 | 81,167 |
Less: Net income attributable to the non-controlling interests | |||||||||
192,994 | 52,221 | 10,045 | -15,031 | -1,302 | 117 | -326 | -245 | 410 | 529 |
Net income attributable to SINA's ordinary shareholders | |||||||||
156,569 | 225,087 | 25,678 | 176,802 | 45,132 | 31,738 | -302,092 | -19,094 | 411,895 | 80,638 |
Other comprehensive income (loss) | |||||||||
Available-for-sale investments: | |||||||||
Change in unrealized gain (net of tax of nil, nil, and nil for 2015, 2016 and 2017 respectively) | |||||||||
55,575 | 11,845 | 43,878 | 76,431 | 46,787 | 32,246 | -23,257 | 868 | - | - |
Less: reclassification adjustment for net gain included in net income (net of tax of nil, nil, and nil for 2015, 2016 and 2017, respectively) | |||||||||
91,182 | 92,640 | 18,986 | 981 | - | 1,873 | - | - | - | - |
Net change in unrealized gain (loss), net of tax | |||||||||
-35,607 | -80,795 | 24,892 | 75,450 | 46,787 | 30,373 | - | - | - | - |
Currency translation adjustments | |||||||||
87,258 | -72,399 | -37,009 | -17,446 | 21,307 | -2,293 | 22,227 | 10,645 | - | - |
Total other comprehensive income (loss) | |||||||||
51,651 | -153,194 | -12,117 | 58,004 | 68,094 | 28,080 | -1,030 | 11,513 | - | - |
Total comprehensive income | |||||||||
401,214 | 124,114 | 23,606 | 219,775 | 111,924 | 59,935 | -303,448 | -7,826 | - | - |
Less: Comprehensive income attributable to non-controlling interests | |||||||||
214,354 | 43,536 | 9,531 | -15,351 | -859 | 152 | -241 | -245 | - | - |
Comprehensive income attributable to SINA's ordinary shareholders | |||||||||
186,860 | 80,578 | 14,075 | 235,126 | 112,783 | 59,783 | -303,207 | -7,581 | - | - |
Basic net income per share (in dollars per share) | |||||||||
2.20 | 3.20 | 0.43 | 2.72 | 0.68 | 0.48 | -4.64 | -0.31 | 7.53 | 1.44 |
Shares used in computing basic net income per share (in shares) | |||||||||
71,284 | 70,301 | 60,237 | 64,950 | 66,741 | 66,401 | 65,121 | 61,216 | 54,722 | 55,821 |
Diluted net income per share (in dollars per share) | |||||||||
2.09 | 3.01 | 0.40 | 2.63 | 0.66 | 0.47 | -4.64 | -0.31 | 6.95 | 1.33 |
Shares used in computing diluted net income per share (in shares) | |||||||||
73,931 | 77,511 | 60,648 | 71,565 | 67,087 | 66,849 | 65,121 | 61,216 | 59,259 | 60,474 |