XML 21 R4.htm IDEA: XBRL DOCUMENT v3.4.0.3
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues:      
Internet services $ 1,680,355 $ 1,367,618 $ 669,817
Smart hardware and Internet of things devices 58,423 0 0
Others 65,805 23,042 1,271
Total revenues 1,804,583 1,390,660 671,088
Cost of revenues:      
Internet services 332,858 290,076 87,334
Smart hardware and Internet of things devices 51,498 0 0
Others 39,401 15,386 504
Total cost of revenues 423,757 305,462 87,838
Subsidy income 20,647 8,506 2,349
Operating expenses:      
Selling and marketing 483,615 333,701 110,104
General and administrative 161,363 94,260 117,148
Product development 495,964 406,250 255,248
Total operating expenses 1,140,942 834,211 482,500
Income from operations 260,531 259,493 103,099
Interest income 23,721 25,605 10,398
Interest expense (32,553) (25,518) (5,572)
Other income 435 1,803 590
Exchange gain (loss) 1,113 (11,899) 5,105
Gain in connection with short-term investments 77,745 10,230 327
Gain in connection with long-term investments 38,955 26,780 11,216
(Loss) gain on deconsolidation of subsidiaries 64,238 0 (1,144)
Income before income tax expense and loss from equity method investments 434,185 286,494 124,019
Income tax expense (119,485) (51,425) (23,423)
Loss from equity method investments (61,539) (18,906) (2,747)
Net income 253,161 216,163 97,849
Add: Net loss attributable to noncontrolling interest 53,807 6,605 1,803
Net income attributable to Qihoo 360 Technology Co. Ltd. $ 306,968 $ 222,768 $ 99,652
Net income per ordinary share-basic (in dollars per share) $ 1.65 $ 1.20 $ 0.55
Net income per ordinary share-diluted (in dollars per share) $ 1.58 $ 1.13 $ 0.52
Weighted average shares used in calculating net income per ordinary share-basic (in shares) 185,859,435 185,107,216 180,476,681
Weighted average shares used in calculating net income per ordinary share-diluted (in shares) 215,268,020 197,491,372 193,036,850
Selling and marketing [Member]      
Share-based compensation expense included in:      
Allocated Share-based Compensation Expense $ 14,472 $ 15,571 $ 15,389
General and administrative [Member]      
Share-based compensation expense included in:      
Allocated Share-based Compensation Expense 41,534 16,891 69,101
Product development [Member]      
Share-based compensation expense included in:      
Allocated Share-based Compensation Expense $ 77,291 $ 62,594 $ 36,597