Yirendai (YRD) annual balance sheet covering fiscal 2014 through 2017, as reported to the SEC.
Total assets have grown 161.2% a year on average since fiscal 2014, from $64.83M to $1.16B, rising in every year shown.
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 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets: | |||||||||||||||||||
Cash and cash equivalents | |||||||||||||||||||
285,443 | 139,453 | 130,641 | 222 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Cash and cash equivalents | 285,443 | 139,453 | 130,641 | 222 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Restricted cash (including RMB103,481 and RMB82,990 from Consolidated Assets Backed Financing Entities(i) ("ABFE") as of December 31, 2016 and 2017, respectively) | |||||||||||||||||||
277,530 | 175,470 | 74,724 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Restricted cash (including RMB103,481 and RMB82,990 from Consolidated Assets Backed Financing Entities(i) ("ABFE") as of December 31, 2016 and 2017, respectively) | 277,530 | 175,470 | 74,724 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Accounts receivable | |||||||||||||||||||
3,284 | 4,117 | 12,814 | 25,971 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Accounts receivable | 3,284 | 4,117 | 12,814 | 25,971 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Prepaid expenses and other assets (including RMB1,056 and RMB3,535 from Consolidated ABFE as of December 31, 2016 and 2017, respectively) | |||||||||||||||||||
164,301 | 67,228 | 38,093 | 32,592 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Prepaid expenses and other assets (including RMB1,056 and RMB3,535 from Consolidated ABFE as of December 31, 2016 and 2017, respectively) | 164,301 | 67,228 | 38,093 | 32,592 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Loans at fair value (including RMB371,033 and RMB791,681 from Consolidated ABFE as of December 31, 2016 and 2017, respectively) | |||||||||||||||||||
121,679 | 53,440 | 34,164 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Loans at fair value (including RMB371,033 and RMB791,681 from Consolidated ABFE as of December 31, 2016 and 2017, respectively) | 121,679 | 53,440 | 34,164 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Amounts due from related parties | |||||||||||||||||||
18,017 | 242 | 13,416 | 5,489 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Amounts due from related parties | 18,017 | 242 | 13,416 | 5,489 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Held-to-maturity investments (including RMB4,896 and RMB9,944 from Consolidated ABFE as of December 31, 2016 and 2017, respectively) | |||||||||||||||||||
1,528 | 14,247 | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Held-to-maturity investments (including RMB4,896 and RMB9,944 from Consolidated ABFE as of December 31, 2016 and 2017, respectively) | 1,528 | 14,247 | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Available-for-sale investments | |||||||||||||||||||
148,049 | 166,787 | 4,632 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Available-for-sale investments | 148,049 | 166,787 | 4,632 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Property, equipment and software, net | |||||||||||||||||||
12,641 | 5,113 | 2,499 | 551 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Property, equipment and software, net | 12,641 | 5,113 | 2,499 | 551 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Deferred tax assets | |||||||||||||||||||
123,125 | 62,855 | 27,153 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Deferred tax assets | 123,125 | 62,855 | 27,153 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total assets | |||||||||||||||||||
1,155,597 | 688,952 | 338,136 | 64,825 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total assets | 1,155,597 | 688,952 | 338,136 | 64,825 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Liabilities: | |||||||||||||||||||
Accounts payable (including accounts payable of VIE Companies(ii), without recourse to the Company of RMB13,544 and RMB33,444 as of December 31, 2016 and 2017, respectively; including accounts payable of Consolidated ABFE, without recourse to the Company of RMB147 and RMB380 as of December 31, 2016 and 2017, respectively) | |||||||||||||||||||
5,201 | 1,972 | 695 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Accounts payable (including accounts payable of VIE Companies(ii), without recourse to the Company of RMB13,544 and RMB33,444 as of December 31, 2016 and 2017, respectively; including accounts payable of Consolidated ABFE, without recourse to the Company of RMB147 and RMB380 as of December 31, 2016 and 2017, respectively) | 5,201 | 1,972 | 695 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Amounts due to related parties (including amounts due to related parties of VIE Companies, without recourse to the Company of RMB6,907 and RMB53,149 as of December 31, 2016 and 2017, respectively) | |||||||||||||||||||
11,765 | 1,672 | 566 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Amounts due to related parties (including amounts due to related parties of VIE Companies, without recourse to the Company of RMB6,907 and RMB53,149 as of December 31, 2016 and 2017, respectively) | 11,765 | 1,672 | 566 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Liabilities from quality assurance program and guarantee (including liabilities from quality assurance program of VIE Companies, without recourse to the Company of RMB1,471,000 and RMB2,775,949 as of December 31, 2016 and 2017, respectively) | |||||||||||||||||||
429,422 | 211,868 | 84,354 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Liabilities from quality assurance program and guarantee (including liabilities from quality assurance program of VIE Companies, without recourse to the Company of RMB1,471,000 and RMB2,775,949 as of December 31, 2016 and 2017, respectively) | 429,422 | 211,868 | 84,354 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Deferred revenue (including deferred revenue of VIE Companies, without recourse to the Company of RMB164,318 and RMB222,906 as of December 31, 2016 and 2017, respectively) | |||||||||||||||||||
34,260 | 23,667 | 18,139 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Deferred revenue (including deferred revenue of VIE Companies, without recourse to the Company of RMB164,318 and RMB222,906 as of December 31, 2016 and 2017, respectively) | 34,260 | 23,667 | 18,139 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Payable to investors at fair value (including payable to investors at fair value of Consolidated ABFE, without recourse to the Company of RMB418,686 and RMB113,445 from as of December 31, 2016 and 2017, respectively) | |||||||||||||||||||
17,436 | 60,303 | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Payable to investors at fair value (including payable to investors at fair value of Consolidated ABFE, without recourse to the Company of RMB418,686 and RMB113,445 from as of December 31, 2016 and 2017, respectively) | 17,436 | 60,303 | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Accrued expenses and other liabilities (including accrued expenses and other liabilities of VIE Companies, without recourse to the Company of RMB507,890 and RMB1,063,631 as of December 31, 2016 and 2017, respectively; including accrued expenses and other liabilities of Consolidated ABFE, without recourse to the Company of RMB2,895 and RMB7,131 as of December 31, 2016 and 2017, respectively) | |||||||||||||||||||
199,291 | 81,257 | 44,506 | 28,813 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Accrued expenses and other liabilities (including accrued expenses and other liabilities of VIE Companies, without recourse to the Company of RMB507,890 and RMB1,063,631 as of December 31, 2016 and 2017, respectively; including accrued expenses and other liabilities of Consolidated ABFE, without recourse to the Company of RMB2,895 and RMB7,131 as of December 31, 2016 and 2017, respectively) | 199,291 | 81,257 | 44,506 | 28,813 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Deferred tax liabilities | |||||||||||||||||||
1,733 | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Deferred tax liabilities | 1,733 | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Payable to the Fund at fair value | |||||||||||||||||||
- | - | 39,049 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Payable to the Fund at fair value | - | - | 39,049 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total liabilities | |||||||||||||||||||
699,108 | 380,739 | 187,309 | 28,813 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total liabilities | 699,108 | 380,739 | 187,309 | 28,813 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Commitments and Contingencies (Note 15) | |||||||||||||||||||
- | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Commitments and Contingencies (Note 15) | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Equity: | |||||||||||||||||||
Ordinary shares ($0.0001 par value; 500,000,000 shares authorized, 119,512,300 and 121,343,424 shares issued and outstanding as of December 31, 2016 and 2017, respectively) | |||||||||||||||||||
12 | 11 | 12 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Ordinary shares ($0.0001 par value; 500,000,000 shares authorized, 119,512,300 and 121,343,424 shares issued and outstanding as of December 31, 2016 and 2017, respectively) | 12 | 11 | 12 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Additional paid-in capital | |||||||||||||||||||
172,733 | 134,419 | 124,758 | 50,910 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Additional paid-in capital | 172,733 | 134,419 | 124,758 | 50,910 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Accumulated other comprehensive income | |||||||||||||||||||
1,701 | 4,243 | -3,122 | -249 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Accumulated other comprehensive income | 1,701 | 4,243 | -3,122 | -249 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Retained earnings | |||||||||||||||||||
282,043 | 169,540 | 29,179 | -14,649 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Retained earnings | 282,043 | 169,540 | 29,179 | -14,649 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total equity | |||||||||||||||||||
456,489 | 308,213 | 150,827 | 36,012 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total equity | 456,489 | 308,213 | 150,827 | 36,012 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total liabilities and equity | |||||||||||||||||||
1,155,597 | 688,952 | 338,136 | 64,825 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total liabilities and equity | 1,155,597 | 688,952 | 338,136 | 64,825 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||