Financial Performance - Total revenues for the six months ended June 30, 2022, reached RUB 223,758 million, a significant increase from RUB 154,538 million in the same period of 2021, representing a growth of 44.8%[7] - Operating costs and expenses for the six months ended June 30, 2022, totaled RUB 227,446 million, compared to RUB 159,528 million in the prior year, indicating an increase of 42.5%[7] - The net loss attributable to Yandex N.V. for the six months ended June 30, 2022, was RUB 8,657 million, a decline from a net income of RUB 5,766 million in the same period of 2021, reflecting a negative change of 250.5%[7] - Net income for the three months ended June 30, 2022, was RUB 8,056 million, a significant increase from a net loss of RUB 4,664 million in the same period of 2021, representing a turnaround of 257.5%[10] - Total comprehensive income attributable to Yandex N.V. for the six months ended June 30, 2022, was RUB 18,657 million, compared to a loss of RUB 5,926 million in the same period of 2021, reflecting a 364.7% improvement[10] - The company reported a diluted net income per share of (23.53) for the six months ended June 30, 2022, compared to a diluted net income per share of 15.54 in the same period of 2021[7] Cash Flow and Liquidity - Cash and cash equivalents as of June 30, 2022, were RUB 75,592 million, down from RUB 79,275 million as of December 31, 2021, a decrease of 4.3%[5] - Net cash provided by operating activities for the six months ended June 30, 2022, was RUB 16,827 million, a substantial increase of 328.9% compared to RUB 3,688 million in the same period of 2021[13] - The company reported a net cash used in investing activities of RUB 3,470 million for the six months ended June 30, 2022, a significant recovery from a cash outflow of RUB 48,509 million in the same period of 2021, indicating a 67.8% improvement[13] - The company incurred a net cash used in financing activities of RUB 3,935 million for the six months ended June 30, 2022, compared to a net cash used of RUB 588 million in the same period of 2021, indicating a 570.4% increase in cash outflow[17] Assets and Liabilities - Total assets as of June 30, 2022, amounted to RUB 482,421 million, a decrease from RUB 515,496 million as of December 31, 2021, representing a decline of 6.4%[5] - Total liabilities as of June 30, 2022, were RUB 242,571 million, compared to RUB 200,727 million in the previous period, indicating an increase of 20.8%[5] - The company’s retained earnings as of June 30, 2022, were RUB 125,293 million, a decrease from RUB 131,488 million as of December 31, 2021, representing a decline of 4.5%[5] - The total shareholders' equity as of June 30, 2022, was RUB 281,356 million, compared to RUB 272,056 million as of December 31, 2021, indicating an increase of 3.4%[5] Segment Performance - Search and Portal segment revenues increased from RUB 39,212 million in Q2 2021 to RUB 51,233 million in Q2 2022, representing a growth of 30.5%[111] - E-commerce, Mobility and Delivery segment revenues rose from RUB 37,007 million in Q2 2021 to RUB 56,474 million in Q2 2022, marking a significant increase of 52.9%[111] - Total segment revenues for the company reached RUB 126,127 million in Q2 2022, up from RUB 87,237 million in Q2 2021, reflecting a growth of 44.6%[111] - Adjusted EBITDA for the total segments surged from RUB 5,698 million in Q2 2021 to RUB 25,650 million in Q2 2022, an increase of 350.5%[111] Debt and Financing - The total debt as of June 30, 2022, was RUB 49,796, a decrease of 43.9% from RUB 88,775 as of December 31, 2021[90] - Total convertible debt decreased from RUB 85,835 million as of December 31, 2021, to RUB 3,022 million as of June 30, 2022, with an effective interest rate increase from 3.4% to 5.4%[94] - The company recognized a gain of 53.6 million) related to customer relationships in the E-commerce, Mobility, and Delivery segments in June 2022[74] - The total carrying amount of loans granted was RUB 7,630 million ($149.1 million) as of June 30, 2022[62] - The company recorded a foreign currency translation adjustment of RUB 2,803 in Q2 2022, a 54.8% increase compared to RUB 114 in Q2 2021[80]
Yandex(YNDX) - 2022 Q2 - Quarterly Report