Phoenix New Media Limited (FENG)

Phoenix New Media Balance Sheet

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	636.2	607.58	527.41	95.98	188.98	357.8
Short-Term Investments	338.57	428.34	558.77	1,050	1,309	1,280
Cash & Short-Term Investments	974.78	1,036	1,086	1,146	1,498	1,638
Cash Growth	-4.99%	-4.63%	-5.18%	-23.53%	-8.54%	3.48%
Accounts Receivable	358.83	403.2	351.3	474.8	514.01	708.2
Other Receivables	-	-	-	3.39	4.11	4.7
Receivables	358.83	403.2	351.3	478.19	518.12	712.9
Prepaid Expenses	-	7.06	7.33	7.41	15.8	8.7
Restricted Cash	9.76	9.76	7.05	9.06	15.62	31.04
Other Current Assets	30.52	18.41	26.78	21.45	29.46	29.46
Total Current Assets	1,374	1,474	1,479	1,662	2,077	2,420
Property, Plant & Equipment	62.26	61.23	75.19	116.64	70.41	112.14
Long-Term Investments	85.49	85.75	101.53	114.69	140.53	131.48
Other Intangible Assets	12.77	13.72	20.05	29.13	22.5	12.4
Long-Term Deferred Tax Assets	66.42	63.26	70.17	89.06	92.19	86.87
Other Long-Term Assets	11.62	13.61	13.18	19.65	3.22	9.75
Total Assets	1,612	1,712	1,759	2,031	2,406	2,773
Accounts Payable	111.29	144.67	122.13	176.96	217.17	221.2
Accrued Expenses	119.91	123.11	127.58	149.1	197.87	249.66
Current Portion of Leases	10.58	10.97	19.92	23.64	25.78	36.37
Current Income Taxes Payable	176.85	175.93	170.48	183.53	412.78	402.61
Current Unearned Revenue	30.95	29.1	34.2	31.94	33.46	38.84
Other Current Liabilities	25.72	53.53	52.69	99.16	79.92	113.74
Total Current Liabilities	475.3	537.32	526.99	664.32	966.98	1,062
Long-Term Leases	39.6	45.7	49.53	80.95	20.07	16.67
Long-Term Deferred Tax Liabilities	-	-	-	-	1.31	1.31
Other Long-Term Liabilities	15.5	15.5	18.6	20.33	28.33	28.18
Total Liabilities	530.39	598.52	595.12	765.6	1,017	1,109
Common Stock	39.55	39.55	39.55	39.55	39.55	39.55
Additional Paid-In Capital	1,642	1,642	1,641	1,637	1,629	1,621
Retained Earnings	-497.3	-467.58	-414.02	-311.53	-201.88	3.83
Treasury Stock	-1.48	-1.48	-0.66	-	-	-
Comprehensive Income & Other	-37.42	-37.31	-40.4	-45.4	-39.31	-28.21
Total Common Equity	1,145	1,175	1,225	1,319	1,427	1,636
Minority Interest	-63.39	-61.86	-61.39	-54.22	-38.23	28.23
Shareholders' Equity	1,082	1,113	1,164	1,265	1,389	1,664
Total Liabilities & Equity	1,612	1,712	1,759	2,031	2,406	2,773
Total Debt	50.17	56.67	69.44	104.59	45.85	53.04
Net Cash (Debt)	924.61	979.25	1,017	1,041	1,452	1,585
Net Cash Growth	-4.54%	-3.69%	-2.33%	-28.32%	-8.37%	6.01%
Net Cash Per Share	76.98	81.49	83.82	85.80	119.70	130.63
Filing Date Shares Outstanding	12.01	12.01	12.01	12.13	12.13	12.13
Total Common Shares Outstanding	12.01	12.01	12.09	12.13	12.13	12.13
Working Capital	898.59	937.03	951.63	997.33	1,110	1,358
Book Value Per Share	95.37	97.85	101.33	108.76	117.66	134.83
Tangible Book Value	1,133	1,162	1,205	1,290	1,405	1,623
Tangible Book Value Per Share	94.30	96.71	99.67	106.36	115.80	133.81
Machinery	-	44.53	46.64	79.25	113.23	176.59
Leasehold Improvements	-	45.26	47.97	47.97	42.36	42.09

Updated Mar 11, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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