Additional Information-Condensed Financial Statements of Weibo Corporation (Tables) - Weibo Corporation

12 Months Ended

Dec. 31, 2016

(In thousands, except for par value)

	As of December 31,
	2015			2016

ASSETS
Current assets:
Cash and cash equivalents	$	60,810		$	7,235
Short-term investments	98,284			30,401
Prepaid expenses and other current assets	5,905			5,682


Total current assets	164,999			43,318
Long-term investments	256,059			349,502
Investment in subsidiaries, VIE and VIE’s subsidiaries	210,325			367,114
Amount due from SINA	1,002			89


Total assets	$	632,385		$	760,023


LIABILITIES AND SHAREHOLDERS’ EQUITY
Accrued and other liabilities	$	10,666		$	6,132
Long-term Liabilities	1,047			666


Total liabilities	$	11,713		$	6,798


Commitments and contingencies

Shareholders’ equity:
Shareholders’ equity:
Ordinary shares: $0.00025 par value; 2,400,000 and 2,400,000 shares (including 1,800,000 Class A ordinary shares, 200,000 Class B ordinary shares and 400,000 shares to be designated)authorized; 212,177 and 218,076 shares (including 109,155 Class A ordinary shares and 108,921 Class B ordinary shares) issued and outstanding as of December 31, 2015 and 2016, respectively.	$	53		$	55
Additional paid-in capital	938,922			979,805
Accumulated other comprehensive loss	(10,635		)	(26,994		)
Accumulated deficit	(307,668		)	(199,641		)


Total shareholders’ equity	620,672			753,225


Total liabilities and shareholders’ equity	$	632,385		$	760,023

(In thousands)

	Year Ended December 31,
	2014			2015			2016

Operating loss	$	(1,086	)	$	(1,279	)	$	(1,891	)
Interest and other income (expenses), net	5,034			4,759			1,763
Investment related impairment	—			—			(23,822		)
Change in fair value of investor option liability	(46,972		)	—			—
Other income (loss), net
Share of income (loss) of subsidiaries, VIE, and VIE’s subsidiaries	(22,301		)	31,265			131,977


Net income (loss) attributable to Weibo	(65,325		)	34,745			108,027


Other comprehensive loss
Currency translation adjustments(net of tax of nil, nil, and nil for 2014, 2015 and 2016, respectively)	(1,227		)	(7,601		)	(18,624		)
Available-for-sale securities:
Change in unrealized loss from available-for-sale securities (net of tax of nil, nil, and nil for 2014, 2015, and 2016, respectively)	(2,067		)	(198		)	(2,557		)
Reclassification adjustment for net loss included in net income (loss) (net of tax of nil, nil, and nil for 2014, 2015, and 2016, respectively)	—			—			4,822

Net change, net of tax	(2,067		)	(198		)	2,265


Total comprehensive income (loss)	$	(68,619	)	$	26,946		$	91,668

(In thousands)

	2014			2015			2016

Net cash provided by (used in) operating activities	$	(627	)	$	5,317		$	1,025

Purchase of short-term investments	(230,161		)	(148,863		)	(30,046		)
Maturity of short-term investments	321,208			218,762			97,798
Investments and prepayments on equity investments	(15,096		)	(247,200		)	(120,000		)
Investment in subsidiaries	(68,873		)	(4,978		)	(6,535		)

Net cash provided by (used in) investing activities	7,078			(182,279		)	(58,783		)

Proceeds from IPO, net of commission	301,270			—			—
Repayment of amount due to SINA	(255,688		)	—			—
Proceeds from employees options exercised	1,508			7,822			4,183
Others	(6,462		)	—			—

Net cash provided by financing activities	40,628			7,822			4,183


Net increase (decrease) in cash and cash equivalents	$	47,079		$	(169,140	)	$	(53,575	)


Cash and cash equivalents at the beginning of year	$	182,871		$	229,950		$	60,810
Cash and cash equivalents at the end of year	$	229,950		$	60,810		$	7,235
Supplemental schedule of non-cash investing and financing activities
Investment in subsidiaries and VIE directly financed by SINA	$	6,413		$	17,582		$	18,277