XML 118 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Revenues:      
Internet services $ 671,088 $ 328,882 $ 166,961
Sale of third party anti-virus software 0 150 890
Total revenues 671,088 329,032 167,851
Cost of revenues:      
Internet services 87,838 32,762 18,680
Sale of third party anti-virus software 0 40 238
Total cost of revenues 87,838 32,802 18,918
Subsidy income 2,349 2,570 151
Operating expenses:      
Selling and marketing 110,104 58,178 46,836
General and administrative 116,200 34,295 19,054
Product development 255,248 156,269 64,962
Impairment loss on intangible assets 948 1,348 87
Total operating expenses 482,500 250,090 130,939
Income from operations 103,099 48,710 18,145
Interest income 10,398 6,715 2,594
Interest expense (5,572) 0 (53)
Other (expense) income 590 1,243 (3)
Exchange gain 5,105 49 6,294
Change in unrealized holding (loss) gain of trading securities 75 (52) (220)
Realized gain from sales of trading securities 252 0 0
Impairment loss on long-term investments (5,004) (2,302) (902)
Dividend income from a cost method investee 413 0 0
Gain on disposal of long-term investments 15,807 4,766 0
Gain (Loss) on disposal of subsidiaries (1,144) 3,566 0
Income before income tax expense and loss from equity method investments 124,019 62,695 25,855
Income tax expense (23,423) (11,379) (10,874)
Loss from equity method investments (2,747) (4,845) (437)
Net income 97,849 46,471 14,544
Add: Net loss attributable to noncontrolling interest 1,803 275 1,059
Net income attributable to Qihoo 360 Technology Co. Ltd. 99,652 46,746 15,603
Net income attributable to ordinary shareholders of Qihoo 360 Technology Co. Ltd. 99,652 46,746 14,832
Net income per ordinary share-basic (in dollars per share) $ 0.55 $ 0.26 $ 0.10
Net income per ordinary share-diluted (in dollars per share) $ 0.52 $ 0.25 $ 0.09
Weighted average shares used in calculating net income per ordinary share-basic (in shares) 180,476,681 176,442,866 149,068,287
Weighted average shares used in calculating net income per ordinary share-diluted (in shares) 193,036,850 183,623,235 172,992,515
Cost of revenues [Member]
     
Share-based compensation expense included in:      
Allocated Share-based Compensation Expense 0 4 16
Selling and marketing [Member]
     
Share-based compensation expense included in:      
Allocated Share-based Compensation Expense 15,389 21,260 31,455
General and administrative [Member]
     
Share-based compensation expense included in:      
Allocated Share-based Compensation Expense 69,101 8,365 4,549
Product development [Member]
     
Share-based compensation expense included in:      
Allocated Share-based Compensation Expense 36,597 20,976 11,969
Series A Preferred Stock [Member]
     
Operating expenses:      
Net income attributable to Qihoo 360 Technology Co. Ltd.     203
Accretion of convertible participating redeemable preferred shares     203
Net income per ordinary share-basic (in dollars per share)     $ 0.02
Weighted average shares used in calculating net income per ordinary share-basic (in shares) 0 0 8,356,247
Series B Preferred Stock [Member]
     
Operating expenses:      
Net income attributable to Qihoo 360 Technology Co. Ltd.     313
Accretion of convertible participating redeemable preferred shares     313
Net income per ordinary share-basic (in dollars per share)     $ 0.03
Weighted average shares used in calculating net income per ordinary share-basic (in shares) 0 0 9,755,085
Series C Preferred Stock [Member]
     
Operating expenses:      
Net income attributable to Qihoo 360 Technology Co. Ltd.     255
Accretion of convertible participating redeemable preferred shares     $ 255
Net income per ordinary share-basic (in dollars per share)     $ 0.12
Weighted average shares used in calculating net income per ordinary share-basic (in shares) 0 0 2,057,209