ZNGA · Zynga Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Revenue | $2.80B | $1.97B | $1.32B | $741.42M | $861.39M | $741.42M |
| Cost of Revenue | $1.01B | $811.80M | $524.09M | $304.66M | $258.97M | $238.55M |
| Gross Profit | $1.79B | $1.16B | $797.57M | $436.76M | $602.42M | $502.87M |
| R&D | $545.90M | $713.70M | $505.89M | $270.32M | $256.01M | $320.30M |
| SG&A | $162.00M | $136.00M | $99.79M | $98.94M | $108.65M | $92.51M |
| Total Operating Expenses | $2.74B | $2.35B | $1.59B | $900.45M | $835.67M | $855.67M |
| D&A | $238.90M | $142.10M | $79.44M | $42.06M | $30.29M | $41.77M |
| Operating Income | $55.80M | ($370.20M) | ($272.20M) | $6.76M | $25.72M | ($114.25M) |
| Interest Expense | $59.20M | $30.30M | $22.0K | - | - | - |
| Income Tax | $96.00M | $24.00M | $5.41M | $11.01M | $10.94M | $3.44M |
| Net Income | ($104.20M) | ($429.40M) | $41.92M | $15.46M | $26.64M | ($108.17M) |
| EPS - Basic | ($0.09) | ($0.42) | $0.04 | $0.02 | $0.03 | ($0.12) |
| EPS - Diluted | ($0.09) | ($0.42) | $0.04 | $0.02 | $0.03 | ($0.12) |
Balance Sheet
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $984.00M | $1.36B | $423.32M | $544.99M | $372.87M | $852.47M |
| Accounts Receivable | $242.50M | $217.50M | $140.08M | $91.63M | $103.68M | $77.26M |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $95.60M | $57.20M | $27.80M | $26.81M | $18.94M | $24.00M |
| Current Assets | $1.65B | $1.86B | $1.58B | $747.28M | $830.95M | $965.48M |
| Total Assets | $6.36B | $6.21B | $3.66B | $2.15B | $1.98B | $1.91B |
| Current Liabilities | $1.56B | $1.33B | $791.97M | $479.83M | $282.71M | $243.64M |
| Long-term Debt | $1.34B | $1.29B | $570.46M | - | - | - |
| Total Liabilities | $3.25B | $3.27B | $1.69B | $550.09M | $338.09M | $325.19M |
| Stockholders' Equity | $3.11B | $2.94B | $1.98B | $1.60B | $1.64B | $1.58B |
| Retained Earnings | ($2.41B) | $400.0K | ($1.80B) | ($1.79B) | ($1.69B) | ($1.64B) |
Cash Flow
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $253.80M | $429.20M | $262.83M | $60.03M | $94.58M | $60.02M |
| Investing Cash Flow | ($500.90M) | ($87.70M) | ($851.87M) | $207.03M | ($460.16M) | $204.10M |
| Financing Cash Flow | ($41.40M) | $689.80M | $451.63M | ($145.21M) | ($117.96M) | ($150.33M) |
| CapEx | $12.50M | $18.80M | $23.64M | $11.47M | $9.97M | $10.31M |
| Free Cash Flow | $241.30M | $410.40M | $239.19M | $48.56M | $84.61M | $49.70M |
Ratios
| Metric | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 63.8% | 58.9% | 60.3% | 58.9% | 69.9% | 67.8% |
| Operating margin | 2.0% | -18.7% | -20.6% | 0.9% | 3.0% | -15.4% |
| EBITDA margin | 10.5% | -11.6% | -14.6% | 6.6% | 6.5% | -9.8% |
| Net margin | -3.7% | -21.7% | 3.2% | 2.1% | 3.1% | -14.6% |
| Free cash flow margin | 8.6% | 20.8% | 18.1% | 6.5% | 9.8% | 6.7% |
| FCF / Net income | -2.32 | -0.96 | 5.71 | 3.14 | 3.18 | -0.46 |
| R&D / Revenue | 19.5% | 36.1% | 38.3% | 36.5% | 29.7% | 43.2% |
| SG&A / Revenue | 5.8% | 6.9% | 7.6% | 13.3% | 12.6% | 12.5% |
| Effective tax rate | - | - | 11.4% | 41.6% | 29.1% | - |
| Return on assets | -1.6% | -6.9% | 1.1% | 0.7% | 1.3% | -5.7% |
| Return on equity | -3.3% | -14.6% | 2.1% | 1.0% | 1.6% | -6.8% |
| Return on invested capital | 1.0% | -6.9% | -9.5% | - | - | - |
| Liquidity | ||||||
| Current ratio | 1.05 | 1.40 | 1.99 | 1.56 | 2.94 | 3.96 |
| Quick ratio | 1.05 | 1.40 | 1.99 | 1.56 | 2.94 | 3.96 |
| Cash ratio | 0.63 | 1.03 | 0.53 | 1.14 | 1.32 | 3.50 |
| Leverage | ||||||
| Debt / Equity | 0.43 | 0.44 | 0.29 | - | - | - |
| Debt / Assets | 0.21 | 0.21 | 0.16 | - | - | - |
| Debt / EBITDA | 4.56 | - | - | - | - | - |
| Interest coverage | 0.9x | -12.2x | -12372.7x | - | - | - |
| Equity multiplier | 2.04 | 2.11 | 1.85 | 1.34 | 1.21 | 1.21 |
| Liabilities / Assets | 0.51 | 0.53 | 0.46 | 0.26 | 0.17 | 0.17 |
| Efficiency | ||||||
| Asset turnover | 0.44 | 0.32 | 0.36 | 0.35 | 0.44 | 0.39 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 32d | 40d | 39d | 45d | 44d | 38d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | 34d | 26d | 19d | 32d | 27d | 37d |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 41.8% | 49.4% | 78.3% | -13.9% | 16.2% | -3.0% |
| Revenue CAGR (3y) | 55.7% | 31.9% | 21.3% | -1.0% | 7.7% | -5.3% |
| Revenue CAGR (5y) | 30.4% | 20.9% | 13.9% | -3.2% | -7.6% | - |
| Gross profit growth (YoY) | 53.5% | 45.8% | 82.6% | -27.5% | 19.8% | -4.9% |
| Operating income growth (YoY) | - | -36.0% | - | -73.7% | - | 21.8% |
| Net income growth (YoY) | 75.7% | - | 171.2% | -42.0% | - | 11.0% |
| EPS growth (YoY) | 78.6% | - | 100.0% | -33.3% | - | 7.7% |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | -41.2% | 71.6% | 392.6% | -42.6% | 70.2% | - |
| FCF CAGR (5y) | 37.2% | - | 5.1% | 18.4% | -2.8% | - |
| Book value growth (YoY) | 5.8% | 48.9% | 23.7% | -2.7% | 3.8% | -11.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Product / service
$5.60B totalOnline Game$2.25B · 40.2%
Mobile Online Game$2.18B · 38.8%
Advertising And Other$551.30M · 9.8%
Mobile Advertising And Other$543.10M · 9.7%
Other Online Game$73.40M · 1.3%
Web Advertising And Other$8.20M · 0.1%
Geographic
$2.80B totalUS$1.70B · 60.7%
All Other Countries$1.10B · 39.3%
Stability scores
Altman Z′
FY 2021 · bankruptcy risk
0.56
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2021 · 9-point quality
5/9
Neutral
- ✗Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✗Current ratio improved
- ✗No share dilution
- ✓Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Services-Computer Processing & Data Preparation
Comparing ZYNGA INC against the 5 most active filers in the same SIC group.