Pandora Revenue

Pandora revenue was $1.47 b in FY, 2017 which is a 5.9% year over year increase from the previous period.

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Pandora Revenue Breakdown

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Pandora revenue breakdown by business segment: 73.3% from Advertising, 21.5% from Subscription and other and 5.2% from Ticketing service

Pandora revenue breakdown by geographic segment: 99.3% from United States and 0.7% from Other

Pandora Income Statement

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

920.8m1.2b1.4b1.5b

Revenue growth, %

26%19%6%

Cost of goods sold

508.0k697.3k894.9m967.1m

Gross profit

920.3m1.2b489.9m499.7m

Gross profit Margin, %

100%100%35%34%

Sales and marketing expense

277.3m398.2m491.5m492.5m

R&D expense

53.2m84.6m141.6m154.3m

General and administrative expense

112.4m153.9m175.6m190.7m

Operating expense total

442.9m636.7m808.7m992.6m

EBIT

(30.1m)(170.0m)(318.8m)(492.9m)

EBIT margin, %

(3%)(15%)(23%)(34%)

Interest expense

2.0m26.1m29.3m

Pre tax profit

(29.8m)(171.2m)(343.2m)(519.2m)

Income tax expense

584.0k(1.5m)(228.0k)(790.0k)

Net Income

(30.4m)(169.7m)(343.0m)(518.4m)

Quarterly

USDQ1, 2015Q2, 2015Q3, 2015Q4, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016Q1, 2017Q2, 2017Q3, 2017Q4, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

230.8m285.6m311.6m336.2m297.3m343.0m351.9m392.6m316.0m376.8m378.6m395.3m319.2m384.8m417.6m

Cost of goods sold

142.3m150.2m232.7m172.3m206.9m216.7m215.2m256.7m231.6m243.8m242.8m248.9m244.4m226.9m261.5m

Gross profit

88.5m135.4m78.9m163.9m90.4m126.3m136.7m135.9m84.4m133.0m135.9m146.4m74.8m157.9m156.1m

Gross profit Margin, %

38%47%25%49%30%37%39%35%27%35%36%37%23%41%37%

Sales and marketing expense

84.3m94.0m107.3m112.5m117.6m123.8m116.5m133.3m125.1m145.9m107.6m114.0m124.2m125.4m124.8m

R&D expense

15.9m18.7m21.8m27.9m35.8m33.8m33.7m38.0m39.6m41.2m39.5m34.0m35.9m40.4m42.6m

General and administrative expense

36.8m38.8m35.6m43.0m46.3m40.6m41.8m47.0m44.5m58.0m48.2m40.1m41.6m53.6m47.3m

Operating expense total

136.9m151.6m164.7m183.4m199.8m198.2m191.9m218.2m209.2m400.5m195.2m188.1m201.7m219.3m214.6m

EBIT

(48.4m)(16.2m)(85.9m)(19.5m)(109.4m)(71.9m)(55.2m)(82.3m)(124.8m)(267.5m)(58.9m)(41.6m)(126.9m)(94.1m)(58.5m)

EBIT margin, %

(21%)(6%)(28%)(6%)(37%)(21%)(16%)(21%)(39%)(71%)(16%)(11%)(40%)(24%)(14%)

Interest expense

131.0k124.0k131.0k1.6m6.2m6.2m6.5m7.2m7.4m6.2m7.6m7.0m7.3m6.7m6.8m

Pre tax profit

(48.2m)(15.9m)(85.9m)(21.2m)(114.7m)(77.9m)(61.1m)(89.5m)(131.9m)(274.9m)(66.0m)(46.4m)(131.6m)(99.1m)(63.5m)

Income tax expense

59.0k115.0k32.0k(1.8m)421.0k(1.5m)412.0k483.0k334.0k277.0k266.0k(1.7m)(74.0k)(7.1m)125.0k

Net Income

(48.3m)(16.1m)(85.9m)(19.4m)(115.1m)(76.3m)(61.5m)(90.0m)(132.3m)(275.1m)(66.2m)(44.7m)(131.7m)(92.0m)(63.7m)

Pandora Balance Sheet

Annual

USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

44.1m245.8m176.0m334.7m199.9m499.6m

Accounts Receivable

66.7m218.4m277.1m309.3m336.4m

Prepaid Expenses

2.8m15.4m35.9m33.2m19.2m

Current Assets

160.1m518.8m588.4m683.5k625.8m912.2m

PP&E

15.6m35.2m42.9m66.4m124.1m116.7m

Goodwill

30.4m306.7m71.2m

Total Assets

178.0m673.3m749.3m1.2b1.2b1.2b

Accounts Payable

2.1m14.4m10.8m17.9m15.2m14.9m

Current Liabilities

70.9m156.0m149.2m231.8m254.1m226.3m

Long-term debt

234.6m342.2m273.0m

Total Debt

234.6m342.2m273.0m

Total Liabilities

73.5m165.1m16.6m497.3m630.6m522.8m

Common Stock

16.0k23.0k24.0k24.0k25.0k

Additional Paid-in Capital

206.0m675.1m781.0m1.1b1.3b1.4b

Retained Earnings

(101.4m)(166.6m)(197.0m)(366.7m)(709.6m)(1.3b)

Total Equity

104.5m508.2m583.4m(743.4m)554.3m152.7m

Debt to Equity Ratio

-0.3 x0.6 x1.8 x

Debt to Assets Ratio

0.2 x0.3 x0.2 x

Financial Leverage

1.7 x1.3 x1.3 x-1.6 x2.1 x7.6 x

Quarterly

USDQ2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

95.3m53.9m44.7m49.5m57.7m55.4m53.6m221.0m204.1m243.0m303.5m238.4m207.7m170.9m209.6m493.2m454.9m293.0m287.5m

Accounts Receivable

51.4m60.2m70.5m80.4m97.9m105.3m122.9m188.5m233.7m262.9m237.8m263.7m282.8m162.9m288.3m312.3m269.6m339.6m373.4m

Prepaid Expenses

4.2m2.5m3.2m3.6m4.4m6.2m7.1m19.4m16.7m17.2m48.2m43.3m34.2m29.4m18.2m20.3m20.1m21.8m25.7m

Current Assets

150.9m153.5m154.4m166.2m182.8m186.9m198.9m589.5m622.8m643.7m635.2m600.1m677.3m543.9m801.9m912.2m870.0m806.6m819.0m

PP&E

12.3m14.4m15.2m16.1m16.4m20.9m23.3m46.7m54.7m56.4m81.4m102.0m118.5m128.8m120.8m117.7m114.5m110.6m107.8m

Goodwill

407.0k23.1m304.8m306.7m306.7m306.4m71.2m71.2m71.2m178.9m178.9m

Total Assets

165.2m169.9m171.9m184.5m201.8m210.1m235.4m749.9m780.4m820.7m1.2b1.2b1.2b1.1b1.0b1.2b1.1b1.2b1.2b

Accounts Payable

2.1m2.1m1.6m3.5m3.6m7.5m7.1m14.9m16.4m20.1m9.9m6.1m14.0m21.2m12.8m8.4m15.8m17.7m28.4m

Current Liabilities

58.5m59.8m76.6m87.0m93.0m125.1m133.6m172.0m189.7m279.8m251.4m254.6m259.0m254.1m265.8m218.2m240.3m295.2m326.0m

Long-term debt

10.0m239.0m243.5m337.4m347.2m352.2m267.4m278.4m250.3m255.3m

Total Debt

10.0m239.0m243.5m337.4m347.2m352.2m267.4m278.4m250.3m255.3m

Total Liabilities

60.8m62.3m80.0m90.3m97.0m128.7m147.1m187.2m204.9m298.1m521.9m530.9m629.9m635.2m643.6m512.6m541.4m571.4m606.9m

Common Stock

16.0k16.0k17.0k17.0k17.0k17.0k18.0k23.0k23.0k23.0k24.0k24.0k24.0k24.0k24.0k25.0k26.0k27.0k27.0k

Additional Paid-in Capital

198.3m200.9m213.5m221.3m229.7m249.6m264.2m808.1m837.4m870.5m1.2b1.2b1.2b1.3b1.3b1.4b1.5b1.6b1.6b

Retained Earnings

(93.9m)(93.2m)(121.7m)(127.1m)(125.0m)(168.2m)(175.9m)(245.3m)(261.3m)(347.2m)(481.8m)(558.1m)(619.6m)(843.1m)(1.1b)(1.2b)(1.4b)(1.5b)(1.6b)

Total Equity

104.4m107.6m91.9m94.2m104.7m81.4m88.2m562.7m575.5m522.7m670.4m628.3m607.0m462.9m213.9m169.3m45.3m90.8m52.6m

Debt to Equity Ratio

0.4 x0.4 x0.6 x0.8 x1.6 x1.6 x6.1 x2.8 x4.9 x

Debt to Assets Ratio

0.2 x0.2 x0.3 x0.3 x0.3 x0.2 x0.3 x0.2 x0.2 x

Financial Leverage

1.6 x1.6 x1.9 x2 x1.9 x2.6 x2.7 x1.3 x1.4 x1.6 x1.8 x1.8 x2 x2.4 x4.8 x6.9 x24 x12.9 x22.3 x

Pandora Cash Flow

Annual

USDFY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(16.1m)(27.0m)(30.4m)(169.7m)(343.0m)(518.4m)

Depreciation and Amortization

4.5m10.1m15.4m24.5m60.8m62.9m

Accounts Receivable

(24.5m)(60.6m)(55.9m)(55.1m)(35.7m)(36.8m)

Accounts Payable

(865.0k)17.4m4.8m18.1m5.3m9.1m

Cash From Operating Activities

5.9m(3.0m)21.0m(42.1m)(181.7m)(210.7m)

Purchases of PP&E

(11.6m)(21.2m)(30.0m)(23.5m)(59.8m)(15.7m)

Cash From Investing Activities

(59.1m)(211.9m)(112.2m)(102.3m)(52.2m)129.9m

Long-term Borrowings

(7.6m)(10.0m)

Dividends Paid

(31.0m)

Cash From Financing Activities

54.3m395.0m21.7m303.1m99.8m380.2m

Net Change in Cash

1.1m180.0m(69.8m)158.7m(134.7m)299.7m

Interest Paid

887.0k18.0k18.0k351.0k7.2m9.0m

Income Taxes Paid

125.0k26.0k26.0k389.0k297.0k209.0k

Quarterly

USDQ2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

(8.6m)(7.9m)(20.2m)(25.6m)(23.6m)(28.6m)(36.4m)(28.9m)(40.7m)(42.7m)(48.3m)(64.3m)(150.3m)(115.1m)(191.4m)(253.0m)(132.3m)(407.4m)(473.6m)(131.7m)(223.7m)(287.4m)

Depreciation and Amortization

1.7m3.0m1.5m3.3m5.1m2.1m4.9m3.3m7.1m11.2m4.3m9.4m15.2m13.3m27.6m43.5m17.7m35.1m49.1m13.8m28.1m44.2m

Accounts Receivable

(9.2m)(18.0m)(3.8m)(13.6m)(31.1m)(1.9m)(19.5m)15.7m(13.2m)(33.5m)29.2m(16.1m)(45.8m)38.5m12.1m(8.3m)44.9m12.6m(11.3m)67.2m16.1m(20.2m)

Accounts Payable

(1.1m)259.0k1.0m1.7m4.5m2.9m5.2m1.4m1.1m5.8m8.1m12.0m29.6m(3.5m)(17.4m)(5.0m)13.2m15.1m(257.0k)4.7m3.6m26.2m

Cash From Operating Activities

3.4m3.5m(10.6m)(7.7m)(8.6m)(12.6m)(14.9m)(2.2m)(9.4m)(4.3m)27.0m17.1m28.9m(13.1m)(58.6m)(179.1m)(36.0m)(139.4m)(218.6m)17.4m(32.0m)(59.1m)

Purchases of PP&E

(5.4m)(9.0m)(1.2m)(3.9m)(6.0m)(4.4m)(10.6m)(11.8m)(16.3m)(23.2m)(4.3m)(14.6m)(21.3m)(14.4m)(34.6m)(46.4m)(2.0m)(8.5m)(12.9m)(3.4m)(5.0m)(7.3m)

Cash From Investing Activities

(5.4m)(46.0m)9.2m9.6m17.4m(1.2m)(14.3m)(93.4m)(93.6m)(110.0m)16.4m6.1m32.0m(18.9m)(40.4m)(43.8m)1.5m5.2m135.1m(62.2m)(173.6m)(152.3m)

Long-term Borrowings

(7.6m)(7.6m)(90.0m)

Dividends Paid

(30.6m)(31.0m)

Cash From Financing Activities

54.3m53.3m1.9m3.6m4.9m3.5m17.2m10.6m15.0m17.6m1.8m5.2m6.5m913.0k2.9m96.2m5.2m169.2m376.6m(2.0k)(2.3m)(1.6m)

Net Change in Cash

52.3m10.8m564.0k5.4m13.6m(10.3m)(12.1m)(85.0m)45.1m28.1m67.0m(31.2m)(96.3m)(127.0m)(29.1m)35.2m293.2m(44.9m)(207.9m)(213.3m)

Interest Paid

246.0k314.0k219.0k1.3m107.0k5.3m3.3m896.0k4.8m5.8m249.0k3.5m3.7m

Pandora Ratios

USDQ2, 2012

Financial Leverage

1.6 x

Pandora Operating Metrics

Pandora Human Capital

Job Roles

Aug, 2017
Female (Tech), percent11.5 %
Male (Tech), percent38.5 %
Female (Management), percent19 %
Male (Management), percent31 %
Aug, 2017Y, 2016Q2, 2016Y, 2014
Female, percent49 %48 %49 %49 %
Male, percent51 %52 %51 %51 %
Aug, 2017Y, 2016Q2, 2016Y, 2014
White, percent65 %64.4 %71 %71 %
Hispanic, percent8 %7.9 %7 %7 %
Asian, percent16 %15.8 %12 %12 %
Other11 %5.9 %3 %4 %
Multi Ethnicity, percent5.9 %6 %
Other Ethnicity, percent7 %

Pandora Employee Rating

3.5368 votes
Culture & Values
3.8
Work/Life Balance
4.2
Senior Management
2.9
Salary & Benefits
3.5
Career Opportunities
3.1
Source