Company name:
Yelp Inc
-
IPO SHARE PRICE:$15.00
-
IPO DATE:02 March 2012
-
TICKER:YELP
-
MAIN STOCK EXCHANGE:New York Stock Exchange
-
CURRENT HQ LOCATION:140 New Montgomery Street 9 th Floor San Francisco California 94105
-
FISCAL YEAR END:December 31
-
INCORPORATION JURISDICTION:DE
-
ORGANIZED AS THE FOLLOWING LEGAL TYPE:Corporation
-
Investor Relations Webpage:Coming soon!
-
TAX RATE:USA federal corporate nominal income tax rate is 21%
Short Description
Yelp Inc
We are working hard and as soon as possible to provide company description soon. Feel free to reach out to request it sooner: improve@real-clear-investing.com
Balance Sheet
(USD in thousand)
51.6%
7.7%
Selected Quarter:
31-Dec
2020
2020
Current Assets
Most valuable part of Current Assets is Cash and Marketable Securities which should be watched carefully; at the same time high and growing level of Accounts Receivables is very dangerous sign
61.7%
51.6% —
Cash and cash equivalents
7.7% —
Accounts Receivable
2.5% —
Prepaid expenses and other current assets
Liquidity
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
The most liquid asset, however, most companies don't keep much of it and invest excess cash into marketable securities such as Government bonds - in the US - Treasuries
|
$295,276 | $139,464 | $123,402 | $170,281 | $364,576 | $525,693 | $590,789 | $595,875 | |||||||||||||||||
| Short-term passive investments | 331,139 | 272,754 | 258,414 | 242,000 | 122,618 | - | - | - | |||||||||||||||||
| Accounts Receivable | 89,301 | 95,732 | 101,441 | 106,832 | 85,875 | 72,025 | 84,813 | 88,400 | |||||||||||||||||
| Assets held for sale | - | - | - | - | - | - | - | - | |||||||||||||||||
| Prepaid expenses and other current assets | 59,326 | 23,338 | 16,042 | 14,196 | 21,804 | 19,675 | 18,590 | 28,450 | |||||||||||||||||
| Total current assets | $775,042 | $531,288 | $499,299 | $533,309 | $594,873 | $617,393 | $694,192 | $712,725 |
8.8%
14.6%
4.2%
9.5%
Selected Quarter:
31-Dec
2020
2020
Non-Current Assets
Non-current assets characterize company's business: high Property, Plant, and Equipment means that company is in capital-intensive industry which typically is very cyclical (earnings fluctuate a lot); watch out for high level of Goodwill and other non-intangibles which is bad sign as they typically worth very low relative to their value shown on the balance sheet
38.3%
14.6% —
Operating lease - right-of-use assets
9.5% —
Goodwill
8.8% —
Property equipment and software net
4.2% —
Other non-current assets
1.2% —
Intangible assets
0.1% —
Long-term restricted cash
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term restricted cash | 22,199 | 22,082 | 22,127 | 22,037 | 22,332 | 910 | 826 | 665 | |||||||||||||||||
| Long-term passive investments | 49,646 | 45,379 | 34,964 | 53,499 | 3,500 | - | - | - | |||||||||||||||||
| Property equipment and software net | 111,477 | 114,105 | 113,935 | 110,949 | 110,141 | 106,732 | 105,488 | 101,718 | |||||||||||||||||
| Operating lease - right-of-use assets | 229,480 | 217,798 | 207,852 | 197,866 | 199,053 | 188,266 | 176,603 | 168,209 | |||||||||||||||||
|
Intangible assets
|
12,477 | 11,588 | 10,778 | 10,082 | 9,304 | 8,733 | 14,240 | 13,521 | |||||||||||||||||
|
Goodwill
|
104,662 | 105,313 | 103,459 | 104,589 | 103,976 | 104,796 | 106,772 | 109,261 | |||||||||||||||||
| Other non-current assets | 32,877 | 35,880 | 36,355 | 38,369 | 42,045 | 46,655 | 40,829 | 48,848 | |||||||||||||||||
| Total non-current assets | 562,818 | 552,145 | 529,470 | 537,391 | 490,351 | 456,092 | 444,758 | 442,222 |
| Total assets | $1,337,860 | $1,083,433 | $1,028,769 | $1,070,700 | $1,085,224 | $1,073,485 | $1,138,950 | $1,154,947 |
7.6%
4.4%
12.9%
121.1%
Selected Quarter:
31-Dec
2020
2020
Current Liabilities
Current Liabilities represent company's short-term dues to others. The most important part to watch for is short-term debt and accounts payables
12.4%
7.6% —
Accounts payable and accrued liabilities
4.4% —
Current portion of Operating leases
0.4% —
Current portion of deferred revenue
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Accounts payable | $2,931 | $2,882 | $3,139 | - | - | - | - | - | |||||||||||||||||
| Accounts payable and accrued liabilities | - | - | - | 72,333 | 74,702 | 60,206 | 103,378 | 87,760 | |||||||||||||||||
| Accrued liabilities | 68,091 | 71,708 | 71,739 | - | - | - | - | - | |||||||||||||||||
| Current portion of deferred revenue | 3,924 | 4,617 | 4,222 | 4,315 | 3,637 | 3,918 | 4,731 | 4,109 | |||||||||||||||||
| Current portion of Operating leases | 55,805 | 56,500 | 57,013 | 57,507 | 62,342 | 56,406 | 54,396 | 51,161 | |||||||||||||||||
| Liabilities associated with assets held for sale | - | - | - | - | - | - | - | - | |||||||||||||||||
| Total current liabilities | $130,751 | $135,707 | $136,113 | $134,155 | $140,681 | $120,530 | $162,505 | $143,030 |
Selected Quarter:
31-Dec
2020
2020
Non-Current Liabilities
The most critical items are revolving credit facility, term loans, and then notes - any forms of debt; in addition, pay attention to items like pension liabilites and leases- hidden debt
13.6%
12.9% —
Operating leases
0.7% —
Other non-current liabilities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating leases | 208,318 | 197,272 | 186,056 | 174,756 | 175,073 | 164,537 | 155,297 | 148,935 | |||||||||||||||||
| Long-term liabilities | - | - | - | - | - | - | - | - | |||||||||||||||||
| Other non-current liabilities | 3,953 | 3,999 | 4,036 | 6,798 | 7,038 | 7,098 | 5,520 | 8,448 | |||||||||||||||||
| Total long-term liabilities | $212,271 | $201,271 | $190,092 | $181,554 | $182,111 | $171,635 | $160,817 | $157,383 |
| Total Liabilities | $343,022 | $336,978 | $326,205 | $315,709 | $322,792 | $292,165 | $323,322 | $300,413 |
Selected Quarter:
31-Dec
2020
2020
Equity
It's residue that is owned by shareholders after satisfying all of the liabilities with all of the assets; the larger the amount, the better the business is
74.0%
121.1% —
Additional paid-in capital
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Redeemable convertible preferred stock
|
- | - | - | - | - | - | - | - | |||||||||||||||||
| Common stock | - | - | - | - | - | - | - | - | |||||||||||||||||
| Treasury Stock | - | (5,952) | - | - | - | - | - | (2,964) | |||||||||||||||||
| Retained earnings | - | - | - | - | - | - | - | - | |||||||||||||||||
|
Accumulated deficit
|
(153,684) | (430,916) | (504,187) | (493,053) | (508,590) | (532,580) | (533,600) | (533,943) | |||||||||||||||||
|
Additional paid-in capital
|
1,160,254 | 1,194,486 | 1,220,048 | 1,259,803 | 1,283,885 | 1,325,745 | 1,358,804 | 1,398,248 | |||||||||||||||||
| Accumulated other comprehensive income | - | - | - | - | - | - | - | - | |||||||||||||||||
| Accumulated other comprehensive loss | (11,732) | (11,163) | (13,297) | (11,759) | (12,863) | (11,845) | (9,576) | (6,807) | |||||||||||||||||
| Total Equity | $994,838 | $746,455 | $702,564 | $754,991 | $762,432 | $781,320 | $815,628 | $854,534 |
| Total Liabilities and Equity | $1,337,860 | $1,083,433 | $1,028,769 | $1,070,700 | $1,085,224 | $1,073,485 | $1,138,950 | $1,154,947 |