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Noncontrolling Interest

12 Months Ended

Dec. 31, 2021

NONCONTROLLING INTEREST [Abstract]

Noncontrolling Interest

19. NONCONTROLLING INTEREST

Prior to the completion of the Changyou Merger on April 17, 2020, the noncontrolling interests in the Sohu Group’s consolidated financial statements primarily consisted of noncontrolling interests for Changyou and Sogou and, following the completion of the Changyou Merger and prior to the completion of the Tencent/Sohu Sogou Share Purchase, consisted of noncontrolling interests for Sogou.

Noncontrolling Interest in the Consolidated Balance Sheets

As of December 31, 2021 and 2020, noncontrolling interest in the consolidated balance sheets was $1.3 million and $684.6 million, respectively.

		As of December 31,
		2020				2021
Changyou		$	1,321			$	1,318
Sogou			683,291				0
Total		$	684,612			$	1,318

Noncontrolling Interest of Changyou

As a result of the completion of Sohu’s acquisition of the noncontrolling interests in Changyou on April 17, 2020, Sohu holds 100% of the combined total of Changyou’s outstanding ordinary shares, and the noncontrolling interests recognized in the Sohu Group’s consolidated balance sheets only reflected economic interests in Changyou’s subsidiaries held by shareholders other than Changyou.

Noncontrolling interest of Changyou of $1.3 million was recognized in the Sohu Group’s consolidated balance sheets as of both December 31, 2021 and 2020.

Noncontrolling Interest of Sogou

As of December 31, 2021 and 2020, noncontrolling interest of Sogou of nil and $683.3 million, respectively, was recognized in the Sohu Group’s consolidated balance sheets, representing an economic interest of nil and 66%, respectively, in Sogou’s net assets held by shareholders other than Sohu and reflecting the reclassification of Sogou’s share-based compensation expense from shareholders’ additional paid-in capital to noncontrolling interest. As a result of the completion of the Tencent/Sohu Sogou Share Purchase on September 23, 2021, the Company no longer has any ownership interest in Sogou and has ceased consolidating Sogou in the Company’s consolidated financial statements.

Noncontrolling Interest in the Consolidated Statements of Comprehensive Income/(Loss)

For the years ended December 31, 2021, 2020 and 2019, respectively, the Sohu Group had net income of $6.4 million, net income of negative $42.2 million and net income of $105.9 million, respectively, attributable to the noncontrolling interest in the consolidated statements of comprehensive income/(loss).

		Year Ended December 31,
		2019				2020				2021
Changyou		$	46,990			$	18,448			$	(3	)
Sogou			58,955				(60,656	)			6,451
Total		$	105,945			$	(42,208	)		$	6,448

		Year Ended December 31,
		2019				2020				2021
Net income/(loss) from continuing operations attributable to noncontrolling shareholders		$	58,223			$	18,448			$	(3	)
Net income/(loss) from discontinued operations attributable to noncontrolling shareholders			47,722				(60,656	)			6,451
Net income/(loss) attributable to noncontrolling interest shareholders		$	105,945			$	(42,208	)		$	6,448

Noncontrolling Interest of Changyou

For the years ended December 31, 2021, 2020 and 2019, respectively, a net loss of $3,000, net income of $18.4 million and net income of $47.0 million, respectively, attributable to the noncontrolling interest of Changyou was recognized in the Sohu Group’s consolidated statements of comprehensive income/(loss), representing nil, nil and 33%, respectively, of the economic interest in Changyou attributable to shareholders other than Sohu.

Noncontrolling Interest of Sogou (Discontinued)

For the years ended December 31, 2021, 2020 and 2019, respectively, net income of $6.5 million, a net loss of $60.7 million and net income of $59.0 million, respectively, attributable to the noncontrolling interest of Sogou was recognized in the Sohu Group’s consolidated statements of comprehensive income/(loss), representing Sogou’s net income/(loss) attributable to shareholders other than Sohu.

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- Definition

The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-URI http://asc.fasb.org/topic&trid=2197479

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- References

No definition available.

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