SEC Comment Letter 0000000000-23-011085 to YELP INC (YELP) (CIK 0001345016) (YELP)
YELP INC (YELP) (CIK 0001345016)
Date: Oct. 10, 2023 · CIK: 0001345016 · Accession: 0000000000-23-011085
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File numbers found in text: 001-35444
Letter
United States securities and exchange commission logo October 10, 2023 David Schwarzbach Chie Financial Officer Yelp Inc. 350 Mission Street, 10th Floor San Francisco, CA 94105 Re:Yelp Inc. Form 10-K for Fiscal Year Ended December 31, 2022 Response dated September 29, 2023 File No 001-35444 Dear David Schwarzbach: We have reviewed your September 29, 2023 response to our comment letter and have the following comment. Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Unless we note otherwise, any references to prior comments are to comments in our September 7, 2023 letter. Form 10-Q for the Fiscal Quarter Ended June 30, 2023 Management's Discussion and Analysis of Financial Condition and Results of Operations Liquidity and Capital Resources Material Cash Requirements, page 33 1.Refer to your response to comment 2. Please disclose if the deferral of federal income tax payments pursuant to the tax relief provided by the IRS release CA-2023-03, which provided relief to companies in connection with the severe winter storms in certain counties in California, is a known commitment which is reasonably expected to materially decrease your liquidity and the relevant time period for this cash requirement. We note the postponement of the payment of federal income taxes including quarterly estimated payments has resulted in a $40 million increase in taxes payable at June 30, 2023. If you do not believe this obligation will impact your material cash requirements, please tell us why. Refer to Item 303(b)(1) of Regulation S-K.
FirstName LastNameDavid Schwarzbach Comapany NameYelp Inc. October 10, 2023 Page 2 FirstName LastName David Schwarzbach Yelp Inc. October 10, 2023 Page 2 Please contact Robert Shapiro at 202-551-3273 or Doug Jones at 202-551-3309 if you have questions regarding comments on the financial statements and related matters. Sincerely, Division of Corporation Finance Office of Trade & Services
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United States securities and exchange commission logo
October 10, 2023
David Schwarzbach
Chie Financial Officer
Yelp Inc.
350 Mission Street, 10th Floor
San Francisco, CA 94105
Re:Yelp Inc.
Form 10-K for Fiscal Year Ended December 31, 2022
Response dated September 29, 2023
File No 001-35444
Dear David Schwarzbach:
We have reviewed your September 29, 2023 response to our comment letter and have the
following comment.
Please respond to this letter within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe a
comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this letter, we may have additional comments. Unless
we note otherwise, any references to prior comments are to comments in our September 7, 2023
letter.
Form 10-Q for the Fiscal Quarter Ended June 30, 2023
Management's Discussion and Analysis of Financial Condition and Results of Operations
Liquidity and Capital Resources
Material Cash Requirements, page 33
1.Refer to your response to comment 2. Please disclose if the deferral of federal income tax
payments pursuant to the tax relief provided by the IRS release CA-2023-03, which
provided relief to companies in connection with the severe winter storms in certain
counties in California, is a known commitment which is reasonably expected to materially
decrease your liquidity and the relevant time period for this cash requirement. We note the
postponement of the payment of federal income taxes including quarterly estimated
payments has resulted in a $40 million increase in taxes payable at June 30, 2023. If you
do not believe this obligation will impact your material cash requirements, please tell us
why. Refer to Item 303(b)(1) of Regulation S-K.
FirstName LastNameDavid Schwarzbach
Comapany NameYelp Inc.
October 10, 2023 Page 2
FirstName LastName
David Schwarzbach
Yelp Inc.
October 10, 2023
Page 2
Please contact Robert Shapiro at 202-551-3273 or Doug Jones at 202-551-3309 if you
have questions regarding comments on the financial statements and related matters.
Sincerely,
Division of Corporation Finance
Office of Trade & Services