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Other Balance Sheet Components
 12 Months Ended
Dec. 31, 2016
Other Balance Sheet Components  
Other Balance Sheet Components

8. Other Balance Sheet Components

 

 

As of December 31,

 

 

 

2014

 

2015

 

2016

 

 

 

(In thousands)

 

Accounts receivable, net:

 

 

 

 

 

 

 

Due from third parties

 

 

 

$
33,592

 

$
66,701

 

Due from Alibaba

 

 

 
54,052

 
24,293

 

Due from other related parties

 

 

 
33,961

 
31,589

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total gross amount

 

 

 

$
121,605

 

$
122,583

 

Allowance for doubtful accounts:

 

 

 

 

 

 

 

Balance at the beginning of the year

 
(3,242

)
(2,440

)
(1,375

)

Reversal (additional provision) charged to expenses, net

 
(2,138

)
368

 
(7,787

)

Write-off

 
2,940

 
697

 
2,633

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at the end of the year

 
(2,440

)
(1,375

)
(6,529

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$
120,230

 

$
116,054

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prepaid expenses and other current assets:

 

 

 

 

 

 

 

Rental and other deposits

 

 

 

$
3,636

 

$
3,965

 

Prepayment for investments

 

 

 
25,574

 
24,953

 

Advertising prepayment

 

 

 
3,531

 
5,267

 

Prepayment to outsourced service providers

 

 

 
5,422

 
4,043

 

Amounts deposited by users*

 

 

 

—

 
21,203

 

Others

 

 

 
4,132

 
7,233

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$
42,295

 

$
66,664

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Property and equipment, net:

 

 

 

 

 

 

 

Computers and equipment

 

 

 

$
93,947

 

$
94,170

 

Leasehold improvements

 

 

 
4,795

 
2,054

 

Furniture and fixtures

 

 

 
1,309

 
922

 

Others

 

 

 
1,464

 
1,655

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Property and equipment, gross

 

 

 
101,515

 
98,801

 

Less: Accumulated depreciation

 

 

 
(78,665

)
(75,985

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$
22,850

 

$
22,816

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accrued and other liabilities**:

 

 

 

 

 

 

 

Payroll and welfare

 

 

 

$
25,972

 

$
33,786

 

Marketing expenses

 

 

 
30,035

 
40,968

 

Payroll withholding taxes

 

 

 
3,547

 
3,547

 

Sales rebates

 

 

 
19,593

 
31,598

 

Professional fees

 

 

 
3,127

 
4,255

 

VAT and other tax payable

 

 

 
23,071

 
35,728

 

Payable to other service providers

 

 

 
2,673

 
1,457

 

Amounts due to users*

 

 

 

—

 
21,203

 

Others

 

 

 
9,022

 
7,600

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$
117,040

 

$
180,142

 

 

 

 

 

 

 

 

 

 

 

 

* Weibo wallet enables users to conduct interest-generation activities on Weibo, such as handing out “red envelops” and coupons to users and purchase different types of products and services on Weibo, including those offered by the Group, such as marketing services and VIP membership, and those offered by Weibo’s platform partners, such as e-commerce merchandises, financial products and virtual gifts. Amounts deposited by users primarily represent the receivables temporarily held in Weibo’s account on a third party online payment platform for Weibo wallet users. Amounts due to users represent the balances that are payable on demand to Weibo wallet users and therefore are reflected as current liability on the consolidated balance sheets.

 

** Include amounts due to third parties, employees, related parties and Weibo wallet users.