Changyou.com Ltd (CYOU) [Rocket]

Overview

Changyou.com Ltd (CYOU)

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Recent News + Filings (All items)

Date Filed	Type	Description
04/27/2020	15-12B	Form 15-12B - Securities registration termination [Section 12(b)]:
04/17/2020	S-8 POS	Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments:
04/17/2020	S-8 POS	Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments:
04/17/2020	SC 13E3/A	Form SC 13E3/A - Going private transaction by certain issuers: [Amend]
04/17/2020	6-K	Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]:
04/17/2020	25-NSE	Form 25-NSE - Notification filed by national security exchange to report the removal from listing and registration of matured, redeemed or retired securities:
04/14/2020	6-K	Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]:

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14	Dec-31-13	Dec-31-12	Dec-31-11
Revenues	485.8	580.3	525.4	761.6	755.3	737.9	623.4	484.6
Revenue growth	-16.3%	10.4%	-31.0%	0.8%	2.4%	18.4%	28.7%	36.8%
Cost of goods sold	160.8	163.8	165.8	216.8	201.9	126.4	104.5	67.5
Gross profit	324.9	416.5	359.6	544.9	553.4	611.4	518.9	417.1
Gross margin	66.9%	71.8%	68.4%	71.5%	73.3%	82.9%	83.2%	86.1%
Sales and marketing	54.3	60.9	56.5	92.4	241.3	128.8	60.6	49.9
Research and development	124.2	131.0	121.6	170.6	194.1	119.9	73.8	52.2
General and administrative	30.1	47.2	50.6	80.3	107.5	57.2	33.5	29.7
EBITA	106.4	98.8	144.3	186.6	-0.6	332.3	371.5	297.5
EBITA margin	21.9%	17.0%	27.5%	24.5%	-0.1%	45.0%	59.6%	61.4%
Amortization of intangibles	6.4	7.8	12.4	24.6	41.4	26.8	23.4	17.7
EBIT	100.0	91.0	131.9	162.0	-42.0	305.5	348.1	279.8
EBIT margin	20.6%	15.7%	25.1%	21.3%	-5.6%	41.4%	55.8%	57.7%
Pre-tax income	212.9	163.4	190.2	244.7	-18.7	322.8	361.0	291.6
Income taxes	64.5	40.8	21.6	54.1	2.5	36.4	67.4	43.6
Tax rate	30.3%	25.0%	11.3%	22.1%		11.3%	18.7%	14.9%
Net income	84.3	108.8	144.9	212.8	-3.4	268.6	282.4	245.5
Net margin	17.4%	18.8%	27.6%	27.9%	-0.4%	36.4%	45.3%	50.7%

Diluted EPS	$0.52	$0.68	$0.91	$1.34			$2.64	$2.30
Shares outstanding (diluted)	160.9	159.9	159.4	158.6			106.8	106.6

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.