Additional Information - Financial Statement Schedule I Condensed Financial Information of Parent Company

12 Months Ended

Dec. 31, 2014

Additional Information - Financial Statement Schedule I Condensed Financial Information of Parent Company [Abstract]

Condensed Financial Information of Parent Company

	December 31,
	2013			2014
ASSETS
Current assets:
Cash and cash equivalents	$	695,515		$	1,242,129
Restricted cash		300			-
Short-term investments		253			6,839
Prepaid expenses and other current assets		3,206			111,872
Amounts due from subsidiaries and VIEs		167,395			459,303
Deferred tax assets - current		306			412
Total current assets		866,975			1,820,555
Acquired intangible assets, net		2,449			1,205
Investments in subsidiaries and VIEs		449,893			799,123
Long-term investments		17,139			45,211
Other noncurrent assets		11,707			26,964
Deferred tax assets - noncurrent		383			103
TOTAL ASSETS	$	1,348,546		$	2,693,161
LIABILITIES
Current liabilities:
Accrued expenses and other current liabilities		6,760			12,455
Deferred revenue-current		1,150			1,539
Amounts due to subsidiaries and VIEs		2,306			15,184
Total current liabilities		10,216			29,178
Deferred revenue-noncurrent		1,437			385
Long-term debt		600,000			1,635,000
TOTAL LIABILITIES	$	611,653		$	1,664,563
EQUITY
Qihoo 360 Technology Co. Ltd. shareholders' equity
Class A ordinary shares ($0.001 par value; 378,000,000 and 378,000,000 shares authorized as of December 31, 2013 and 2014, respectively; 134,123,218 and 147,485,168 shares issued and outstanding as of December 31, 2013 and 2014, respectively)		134			147
Class B ordinary shares ($0.001 par value; 122,000,000 and 122,000,000 shares authorized as of December 31, 2013 and 2014, respectively; 54,767,703 and 45,931,163 shares issued and outstanding as of December 31, 2013 and 2014, respectively)		55			46
Treasury stock		(139	)		(139	)
Additional paid-in capital		568,675			669,760
Accumulated other comprehensive income (loss)		20,380			(11,772	)
Retained earnings		147,788			370,556
Total shareholders' equity		736,893			1,028,598
TOTAL EQUITY		736,893			1,028,598
TOTAL LIABILITIES AND EQUITY	$	1,348,546		$	2,693,161

	For the years ended December 31,
	2012			2013			2014
Cost of revenues		4			-			-
Operating expenses:
Selling and marketing		21,289			15,519			15,666
General and administrative		10,815			73,372			19,305
Product development		21,782			38,211			59,375
Total operating expenses		53,886			127,102			94,346
Loss from operations		(53,890	)		(127,102	)		(94,346	)
Interest income		4,702			6,341			20,264
Interest expense		-			(5,551	)		(24,010	)
Other income		1,277			1,197			1,447
Exchange gain (loss)		412			5,100			(11,520	)
(Loss) gain in connection with short-term investments		(52	)		327			10,230
Gain in connection with long-term investments		-			413			-
Loss before income tax expense and earnings from subsidiary and VIEs		(47,551	)		(119,275	)		(97,935	)
Income in earnings of subsidiaries and VIEs		94,639			219,247			321,088
Income before income tax expense		47,088			99,972			223,153
Income tax expense		(342	)		(320	)		(385	)
Net income attributable to Qihoo 360 Technology Co. Ltd.	$	46,746		$	99,652		$	222,768

	For the years ended December 31,
	2012		2013		2014
Net income	$	46,746	$	99,652	$	222,768
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments		2,851		11,266		(42,342	)
Unrealized loss on available-for-sale investments		-		-		10,190
Other comprehensive income (loss)		2,851		11,266		(32,152	)
Comprehensive income		49,597		110,918		190,616
Add: Comprehensive loss attributable to noncontrolling interest		-		-		-
Comprehensive income attributable to Qihoo 360 Technology Co. Ltd.	$	49,597	$	110,918	$	190,616

																	Total
																	Qihoo 360
												Accumulated			(Accumulated		Technology
									Additional			other			deficit)		Co. Ltd.
	Ordinary shares								paid-in			comprehensive			retained		shareholders'
	Shares			Amount		Treasury Stock			capital			income (loss)			earnings		equity
Balance as of January 1, 2012		179,029,251		$	179	$	-		$	363,021		$	6,263		$	1,390	$	370,853
Issuance of ordinary shares in connection with share-based compensation arrangements		3,512,394			3		-			-			-			-		3
Share-based compensation		-			-		-			50,605			-			-		50,605
Issuance of ordinary shares in connection with exercise of options		1,615,452			2		-			6,963			-			-		6,965
Disposal of noncontrolling interest in subsidiaries		-			-		-			73			-			-		73
Net income		-			-		-			-			-			46,746		46,746
Other comprehensive income		-			-		-			-			2,851			-		2,851
Balance as of December 31, 2012		184,157,097			184		-			420,662			9,114			48,136		478,096
Issuance of ordinary shares in connection with share-based compensation arrangements		561,517			1		-			-			-			-		1
Share repurchase		(14,544	)		-		(139	)		-			-			-		(139	)
Share-based compensation		-			-		-			121,087			-			-		121,087
Issuance of ordinary shares in connection with business acquisition		204,466			-		-			7,864			-			-		7,864
Issuance of ordinary shares in connection with exercise of options		3,982,385			4		-			19,067			-			-		19,071
Disposal of noncontrolling interest in subsidiaries		-			-		-			(5	)		-			-		(5	)
Net income		-			-		-			-			-			99,652		99,652
Other comprehensive income		-			-		-			-			11,266			-		11,266
Balance as of December 31, 2013		188,890,921			189		(139	)		568,675			20,380			147,788		736,893
Issuance of ordinary shares in connection with share-based compensation arrangements		2,691,753			2		-			-			-			-		2
Share-based compensation		-			-		-			90,392			-			-		90,392
Issuance of ordinary shares in connection with exercise of options		1,833,657			2		-			15,064			-			-		15,066
Acquisition of additional equity interests in subsidiaries		-			-		-			(4,371	)		-			-		(4,371	)
Net income		-			-		-			-			-			222,768		222,768
Other comprehensive loss		-			-		-			-			(32,152	)		-		(32,152	)
Balance as of December 31, 2014		193,416,331		$	193	$	(139	)	$	669,760		$	(11,772	)	$	370,556	$	1,028,598

	For the years ended December 31,
	2012			2013			2014
Cash flows from operating activities
Net income		46,746			99,652			222,768
Adjustments to reconcile net income to net cash provided by operating activities
Share-based compensation		50,605			121,087			89,686
Gain from investments in subsidiaries and VIEs		(94,639	)		(219,247	)		(321,089	)
Depreciation and amortization		582			1,476			1,243
Loss (gain) in connection with short-term investments		52			(327	)		(10,230	)
Gain in connection with long-term investments		-			(413	)		-
Prepaid expenses and other current assets		(2,307	)		463			(3,788	)
Deferred taxes		(178	)		(53	)		174
Other noncurrent assets		-			743			3,373
Accrued expenses and other current liabilities		149			5,488			5,694
Deferred revenue		700			215			(662	)
Amount due from/to subsidiaries and VIEs		(21,816	)		(128,738	)		(280,582	)
Net cash used in operating activities		(20,106	)		(119,654	)		(293,413	)
Cash flows from investing activities
(Increase) decrease in restricted cash		(300	)		-			300
Purchase of intangible assets		(1,500	)		(1,500	)		-
Purchase of short-term investments		-			(510	)		(30,025	)
Proceeds from sale of short-term investments		-			762			35,335
Capital contribution for long-term investments		(450	)		(15,760	)		(39,928	)
Dividends received from a cost method investee		-			413			-
Investment in subsidiaries		(1,200	)		-			(53,771	)
Net cash used in investing activities		(3,450	)		(16,595	)		(88,089	)
Cash flows from financing activities
Proceeds from issuance of Convertible Senior Notes (net of issuance costs of $12,150 and $18,630 in 2013 and 2014, respectively)		-			587,850			1,016,370
Proceeds from exercise of share options		2,089			23,678			15,947
Payment for share repurchase		(139	)		-			(104,201	)
Net cash provided by financing activities		1,950			611,528			928,116
Net (decrease) increase in cash and cash equivalents		(21,606	)		475,279			546,614
Cash and cash equivalents at beginning of year		241,842			220,236			695,515
Cash and cash equivalents at end of year		220,236			695,515			1,242,129