← Sohu.com Ltd
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net income from discontinued operations, net of tax | — | ($20.5m) | ($44.8m) | ($34.0m) | ($91.8m) | $864.9m | $0 | $35.4m | $0 | $0 | |
| Net Income From Continuing Operations | — | — | — | — | — | — | ($17.3m) | ($30.6m) | ($100.2m) | $394.1m | |
| Net Income (Loss) Attributable to Parent | ($115.0m) | ($554.5m) | ($160.1m) | ($149.3m) | ($86.1m) | $927.7m | ($17.3m) | ($30.4m) | ($100.3m) | $394.1m | |
| Net Income (Loss) Available to Common Stockholders, Basic | ($115.0m) | ($554.5m) | ($160.1m) | ($149.3m) | ($86.1m) | $927.7m | ($17.3m) | ($30.4m) | ($100.3m) | $394.1m | |
| Cash, cash equivalents and restricted cash of continuing operations, end of year | $1.1b | $1.4b | $1.1b | $314.0m | $649.4m | $1.0b | $701.5m | $365.7m | $159.9m | $128.3m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | ($470.0m) | ($67.4m) | ($43.4m) | ($128.3m) | $934.2m | ($17.3m) | ($30.6m) | ($100.2m) | $394.1m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | — | ($126.6m) | ($55.0m) | $69.3m | ($17.3m) | ($65.8m) | ($100.3m) | $394.1m | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | ($9.4m) | ($36.5m) | $69.3m | ($17.3m) | ($66.1m) | ($100.2m) | $394.1m | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | ($34.0m) | ($91.8m) | $864.9m | $0 | $35.4m | $0 | $0 | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | — | ($22.8m) | ($31.1m) | $858.5m | $0 | $35.4m | $0 | $0 | |
| Amortization of Intangible Assets | — | $140.7m | $59.4m | $39.5m | $14.4m | $12.5m | $11.3m | $13.6m | $11.2m | $12.4m | |
| Depreciation | $73.4m | $83.1m | $93.0m | $92.9m | $25.5m | $23.5m | $20.0m | $16.6m | $13.5m | $12.6m | |
| Amortization of intangible assets and purchased video content in prepaid expense | $131.2m | $140.9m | $59.4m | $39.5m | $14.4m | $12.5m | $11.3m | $13.6m | $11.2m | $12.4m | |
| Amortization Cash Flow | — | — | — | — | — | — | $11.3m | $13.6m | $11.2m | $12.4m | |
| Amortization Of Intangibles | — | — | — | — | — | — | $11.3m | $13.6m | $11.2m | $12.4m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $31.3m | $30.2m | $24.7m | $25.0m | |
| Deferred Income Tax Expense (Benefit) | — | — | — | — | — | — | — | — | — | ($271.8m) | |
| Deferred income tax benefit | — | — | — | — | — | — | — | $0 | $0 | ($271.8m) | |
| Deferred tax liabilities | $5.3m | ($45k) | $43.8m | $8.5m | $102.6m | $26.2m | $21.9m | $24.3m | $17.7m | $0 | |
| Deferred Income Tax | — | — | — | — | — | — | — | $0 | $0 | ($271.8m) | |
| Deferred Tax | — | — | — | — | — | — | — | $0 | $0 | ($271.8m) | |
| Share-based Payment Arrangement, Noncash Expense | — | $41.5m | $2.1m | $18.3m | $14.5m | $8.6m | $4.9m | $708k | ($30k) | $1.5m | |
| Share-based Payment Arrangement, Expense | — | $45.5m | $2.1m | $18.3m | $14.5m | $8.6m | $4.9m | $708k | ($30k) | $1.5m | |
| Equity Method Investment, Other than Temporary Impairment | — | — | — | — | — | — | — | — | $0 | $0 | |
| Goodwill, Impairment Loss | — | — | $16.4m | $0 | $0 | — | — | — | — | $37.0m | |
| Marketable Securities, Realized Gain (Loss), Excluding Other-than-temporary Impairment Loss | — | ($1.5m) | $11.4m | $3.0m | — | — | — | — | — | — | |
| Goodwill impairment | — | — | — | — | — | — | — | $0 | $0 | $37.0m | |
| Share-based compensation expense | $19.1m | $41.5m | $2.1m | $18.3m | $14.5m | $8.6m | $4.9m | $708k | ($30k) | $1.5m | |
| Impairment of long-term investments | — | — | — | — | — | $215k | $12.0m | $283k | $0 | $0 | |
| Impairment of intangible assets and other assets | $22.9m | $72.3m | $10.8m | $7.3m | $4.2m | $1.8m | $2.0m | $5.8m | $911k | ($49k) | |
| Asset Impairment Charge | — | — | — | — | — | — | $14.0m | $6.1m | $911k | $36.9m | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | — | ($523k) | $134k | $0 | $0 | — | — | — | — | — | |
| Income (Loss) from Equity Method Investments | — | — | — | — | ($465k) | $6.3m | ($6.2m) | — | — | — | |
| Income Tax Expense (Benefit) | — | $273.1m | ($13.4m) | $31.2m | $133.2m | $62.3m | $57.9m | $60.4m | $52.1m | ($443.6m) | |
| Operating Lease, Expense | — | — | — | $12.9m | — | — | — | — | — | — | |
| Other Nonoperating Income (Expense) | — | $3.8m | $4.2m | $6.4m | $1.6m | $2.6m | $2.0m | $2.1m | ($200k) | $282k | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | ($6.3m) | $6.2m | — | — | — | |
| Changes in operating assets and liabilities: | |||||||||||
| Noncash investing and financing activities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | — | $55.1m | $14.8m | ($15.3m) | ($11.0m) | ($444k) | ($4.5m) | $4.4m | ($15.7m) | ($10.5m) | |
| Increase (Decrease) in Accounts Payable | — | $33.4m | $60.1m | ($9.8m) | ($3.4m) | ($904k) | ($17.6m) | ($5.5m) | ($7.5m) | ($1.1m) | |
| Purchases of property and equipment, accrued but unpaid | — | $78.9m | $101.1m | $45.3m | $6.3m | $6.7m | $8.5m | $3.2m | $1.3m | $576k | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | ($14.4m) | $9.0m | — | ($3.8m) | — | — | — | — | — | |
| Gain (Loss) on Investments | — | ($2.1m) | $14.6m | $3.0m | $3k | $6.4m | ($5.4m) | $1.7m | — | — | |
| General and Administrative Expense | — | $122.9m | $113.7m | $95.8m | $57.4m | $81.9m | $56.9m | $48.9m | $50.9m | $73.2m | |
| Goodwill | — | $71.6m | $53.3m | $52.9m | $48.4m | $48.8m | $47.4m | $47.2m | $46.9m | $10.3m | |
| Investment Income, Interest | — | — | — | — | $7.4m | — | — | — | — | — | |
| Nonoperating Income (Expense) | — | $6.7m | $64.2m | $21.9m | $26.0m | $29.4m | $17.6m | $35.7m | $22.1m | $16.6m | |
| Operating Expenses | — | $1.0b | $971.8m | $863.0m | $459.1m | $533.4m | $543.2m | $542.2m | $542.0m | $546.6m | |
| Investment (income)/loss from long-term investments | — | — | — | — | — | ($6.3m) | $6.2m | ($1.1m) | $309k | ($535k) | |
| Allowance for credit losses | — | — | $5.4m | $4.7m | $4.9m | $8.0m | $116k | ($310k) | $1.3m | $916k | |
| Change in fair value of financial instruments | ($13.1m) | ($10.4m) | ($10.9m) | ($2.3m) | $1.8m | ($2.5m) | ($10.3m) | ($199k) | ($4.9m) | $3.9m | |
| Others | ($1.2m) | ($1.1m) | ($705k) | ($2.0m) | ($390k) | ($909k) | ($288k) | ($522k) | ($424k) | ($642k) | |
| Accounts receivable | $62.5m | ($55.1m) | ($14.8m) | $15.3m | $11.0m | $444k | $4.5m | ($4.4m) | $15.7m | $10.5m | |
| Prepaid and other assets | $15.1m | $23.5m | ($23.9m) | $11.3m | ($10.3m) | ($2.8m) | ($116k) | $951k | $4.5m | ($2.4m) | |
| Accounts payable | $40.3m | $33.4m | $60.1m | ($9.8m) | ($3.4m) | ($904k) | ($17.6m) | ($5.5m) | ($7.5m) | ($1.1m) | |
| Receipts in advance and deferred revenue | ($8.2m) | $1.4m | $3.8m | ($306k) | ($96k) | $3.8m | ($4.6m) | $3.4m | $904k | $2.6m | |
| Tax payables | ($36.7m) | $263.1m | ($74.1m) | $14.7m | $8.7m | ($5.0m) | $19.5m | $6.6m | $11.8m | ($204.5m) | |
| Accrued liabilities and other short-term liabilities | $34.9m | ($38.5m) | ($20.3m) | ($44.9m) | ($3.3m) | ($22.2m) | ($19.9m) | ($19.8m) | ($12.7m) | $783k | |
| Purchase of fixed assets | ($105.1m) | ($78.9m) | ($101.1m) | ($45.3m) | ($6.3m) | ($6.7m) | ($8.5m) | ($3.2m) | ($1.3m) | ($576k) | |
| Purchase of intangible and other assets | ($183.8m) | ($66.4m) | ($98.3m) | ($51.5m) | ($27.4m) | ($35.5m) | ($15.3m) | ($15.2m) | ($18.6m) | ($9.1m) | |
| Proceeds from time deposits | — | — | — | — | — | $0 | $0 | $168.2m | $84.4m | $210.7m | |
| Purchase of time deposits | — | — | — | $0 | $0 | ($188.2m) | ($90.7m) | ($295.5m) | ($28.1m) | ($224.7m) | |
| Proceeds from short-term investments | $415.4m | $1.2b | $3.0b | $2.8b | $1.4b | $740.7m | $1.9b | $1.4b | $1.8b | $1.6b | |
| Repurchase of Sohu Ordinary Shares, represented by ADSs | — | — | — | $0 | $0 | ($17.4m) | ($82.1m) | ($6.6m) | ($40.9m) | ($54.1m) | |
| Barter transactions | $12.4m | $6.1m | $28.4m | $20.1m | $4.0m | $5.1m | $3.2m | $3.6m | $3.2m | $2.0m | |
| Changes in payables and other liabilities related to fixed assets and intangible assets additions | $35.5m | $56.5m | $30.8m | ($26.0m) | ($21.0m) | ($19.4m) | ($8.2m) | ($7.4m) | ($567k) | $488k | |
| Beginning Cash Position | — | — | — | — | — | — | $1.0b | $701.5m | $365.7m | $159.9m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($82.1m) | ($6.6m) | ($40.9m) | ($54.1m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($232.8m) | ($291.7m) | ($113.4m) | $24.8m | |
| Cash From Discontinued Financing Activities | — | — | — | — | — | ($9.1m) | $0 | $0 | — | — | |
| Cash From Discontinued Investing Activities | — | — | — | — | — | $1.1b | $0 | $0 | — | — | |
| Change In Account Payable | — | — | — | — | — | — | ($17.6m) | ($5.5m) | ($7.5m) | ($1.1m) | |
| Change In Accrued Expense | — | — | — | — | — | — | ($19.9m) | ($19.8m) | ($12.7m) | $783k | |
| Change In Income Tax Payable | — | — | — | — | — | — | $19.5m | $6.6m | $11.8m | ($204.5m) | |
| Change In Other Working Capital | — | — | — | — | — | — | $17.3m | $27.7m | $18.6m | $2.6m | |
| Change In Payable | — | — | — | — | — | — | $1.9m | $1.1m | $4.3m | ($205.6m) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | ($17.9m) | ($18.7m) | ($8.5m) | ($204.8m) | |
| Change In Prepaid Assets | — | — | — | — | — | — | ($116k) | $951k | $4.5m | ($2.4m) | |
| Change In Receivables | — | — | — | — | — | — | $4.5m | ($4.4m) | $15.7m | $10.5m | |
| Change In Tax Payable | — | — | — | — | — | — | $19.5m | $6.6m | $11.8m | ($204.5m) | |
| Change In Working Capital | — | — | — | — | — | — | $3.7m | $5.6m | $30.3m | ($194.2m) | |
| Changes In Account Receivables | — | — | — | — | — | — | $4.5m | ($4.4m) | $15.7m | $10.5m | |
| Changes In Cash | — | — | — | — | — | — | ($282.7m) | ($323.8m) | ($202.3m) | ($34.0m) | |
| End Cash Position | — | — | — | — | — | — | $701.5m | $365.7m | $159.9m | $128.3m | |
| Financing Cash Flow | — | — | — | — | — | — | ($82.1m) | ($6.6m) | ($40.9m) | ($54.1m) | |
| Free Cash Flow | — | — | — | — | — | — | $8.4m | ($44.0m) | ($67.9m) | ($14.4m) | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | $6.2m | ($1.1m) | $309k | ($535k) | |
| Investing Cash Flow | — | — | — | — | — | — | ($232.8m) | ($291.7m) | ($113.4m) | $24.8m | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | — | ($15.3m) | ($15.2m) | ($18.6m) | ($9.1m) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($8.5m) | ($3.2m) | ($1.3m) | ($576k) | |
| Operating Gains Losses | — | — | — | — | — | — | $6.2m | ($1.1m) | $309k | ($535k) | |
| Other Non Cash Items | — | — | — | — | — | — | ($288k) | ($35.9m) | ($424k) | ($642k) | |
| Provisionand Write Offof Assets | — | — | — | — | — | — | $116k | ($310k) | $1.3m | $916k | |
| Purchase Of Intangibles | — | — | — | — | — | — | ($15.3m) | ($15.2m) | ($18.6m) | ($9.1m) | |
| Purchase Of PPE | — | — | $101.1m | $45.3m | $6.3m | $6.7m | ($8.5m) | ($3.2m) | ($1.3m) | ($576k) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($82.1m) | ($6.6m) | ($40.9m) | ($54.1m) | |
| Stock Based Compensation | — | — | — | — | — | — | $4.9m | $708k | ($30k) | $1.5m | |
| Unrealized Gain Loss On Investment Securities | — | — | — | — | — | — | ($10.3m) | ($199k) | ($4.9m) | $3.9m | |
| Net Cash Provided by (Used in) Operating Activities | $239.6m | $187.7m | $84.0m | $210.6m | $95.2m | ($62.3m) | $32.2m | ($25.6m) | ($48.0m) | ($4.8m) | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | — | $78.9m | $101.1m | $45.3m | $6.3m | $6.7m | $8.5m | $3.2m | $1.3m | $576k | |
| Purchase of long-term investments | ($20.9m) | ($7.7m) | ($20.6m) | ($23.8m) | ($114k) | ($15.9m) | $0 | ($22.1m) | $0 | $0 | |
| Purchase of short-term investments | ($509.4m) | ($1.8b) | ($3.2b) | ($3.0b) | ($1.2b) | ($1.0b) | ($2.1b) | ($1.5b) | ($1.9b) | ($1.6b) | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($215.2m) | ($276.8m) | ($94.1m) | $33.6m | |
| Purchase Of Investment | — | — | — | — | — | — | ($2.2b) | ($1.8b) | ($1.9b) | ($1.8b) | |
| Sale Of Investment | — | — | — | — | — | — | $1.9b | $1.5b | $1.8b | $1.9b | |
| Payments for (Proceeds from) Other Investing Activities | — | $1.4m | ($1.8m) | ($2.8m) | ($1.5m) | ($2.5m) | ($6.3m) | ($3.6m) | ($646k) | ($935k) | |
| Other cash proceeds related to investing activities | $5.2m | ($1.4m) | $1.8m | $2.8m | $1.5m | $2.5m | $6.3m | $3.6m | $646k | $935k | |
| Net Other Investing Changes | — | — | — | — | — | — | $6.3m | $3.6m | $646k | $935k | |
| Net cash provided by/(used in) continuing investing activities | — | ($713.5m) | ($458.5m) | ($432.4m) | $184.4m | ($537.4m) | ($232.8m) | ($291.7m) | ($113.4m) | $24.8m | |
| Net Cash Provided by (Used in) Investing Activities | ($411.6m) | ($714.5m) | ($459.2m) | ($443.2m) | $419.8m | $516.7m | ($232.8m) | ($291.7m) | ($113.4m) | $24.8m | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | — | $122.4m | $251.7m | $0 | $92.0m | $0 | $0 | — | — | — | |
| Issuance Of Debt | — | — | — | — | — | $153.0m | $0 | $0 | — | — | |
| Long Term Debt Issuance | — | — | — | — | — | $0 | $0 | — | — | — | |
| Net Issuance Payments Of Debt | — | — | — | — | — | ($407.6m) | $0 | $0 | — | — | |
| Net Long Term Debt Issuance | — | — | — | — | — | ($560.5m) | $0 | $0 | — | — | |
| Net Short Term Debt Issuance | — | — | — | — | — | $153.0m | $0 | $0 | — | — | |
| Short Term Debt Issuance | — | — | — | — | — | $153.0m | $0 | $0 | — | — | |
| Long Term Debt Payments | — | — | — | — | — | ($560.5m) | $0 | $0 | — | — | |
| Repayment Of Debt | — | — | — | — | — | ($560.5m) | $0 | $0 | — | — | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($82.1m) | ($6.6m) | ($40.9m) | ($54.1m) | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | $17.4m | $82.1m | $6.6m | $40.9m | $54.1m | |
| Common Stock Payments | — | — | — | — | — | — | ($82.1m) | ($6.6m) | ($40.9m) | ($54.1m) | |
| Proceeds from (Payments for) Other Financing Activities | — | $6k | $0 | $8.6m | — | — | — | — | — | — | |
| Net cash used in continuing financing activities | — | $802.0m | $96.3m | ($513.2m) | $101.8m | ($425.0m) | ($82.1m) | ($6.6m) | ($40.9m) | ($54.1m) | |
| Net Cash Provided by (Used in) Financing Activities | ($327.9m) | $802.0m | $96.3m | ($513.2m) | $93.6m | ($434.1m) | ($82.1m) | ($6.6m) | ($40.9m) | ($54.1m) | |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | ($46.3m) | $30.2m | ($19.5m) | ($10.0m) | $37.0m | $21.0m | ($16.8m) | ($12.0m) | ($3.5m) | $2.4m | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($16.8m) | ($12.0m) | ($3.5m) | $2.4m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $317.1m | ($298.4m) | ($755.8m) | $645.5m | $41.3m | ($299.5m) | ($335.8m) | ($205.8m) | ($31.6m) | |
| Net decrease in cash, cash equivalents and restricted cash | ($558.0m) | $317.1m | ($298.4m) | ($755.8m) | $645.5m | $41.3m | ($299.5m) | ($335.8m) | ($205.8m) | ($31.6m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $1.4b | $1.1b | $314.0m | $649.4m | $1.0b | $701.5m | $365.7m | $159.9m | $128.3m | |
| Cash, cash equivalents and restricted cash at beginning of year | — | $1.4b | $1.1b | $314.0m | $959.6m | $1.0b | $701.5m | $365.7m | $159.9m | $128.3m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($299.5m) | ($335.8m) | ($205.8m) | ($31.6m) | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | $7.2m | $12.6m | $9.4m | $3.8m | $7.6m | $0 | $0 | — | — | |
| Income Taxes Paid, Net | ($25.2m) | $43.3m | $53.1m | $31.1m | $35.7m | $46.1m | $39.6m | $28.1m | $16.8m | $29.7m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.