Yahoo 2004 Annual Report Download - page 34

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Item 6. Selected Financial Data
Consolidated Statements of Operations Data:
Years Ended December 31,
(in thousands, except per share amounts) 2000 2001 2002 2003 2004
Revenues $1,110,178 $ 717,422 $ 953,067 $1,625,097 $3,574,517
Gross profit $ 960,434 $ 560,421 $ 790,186 $1,266,994 $2,275,958
Net income (loss) before cumulative effect of
accounting change*$ 70,776 $ (92,788) $ 106,935 $ 237,879 $ 839,553
Cumulative effect of accounting change – – (64,120) – –
Net income (loss)*$ 70,776 $ (92,788) $ 42,815 $ 237,879 $ 839,553
Net income (loss) per share before cumulative
effect of accounting change – basic*$ 0.06 $ (0.08) $ 0.09 $ 0.19 $ 0.62
Cumulative effect of accounting change per share
– basic – – (0.05) – –
Net income (loss) per share – basic*$ 0.06 $ (0.08) $ 0.04 $ 0.19 $ 0.62
Net income (loss) per share before cumulative
effect of accounting change – diluted*$ 0.06 $ (0.08) $ 0.09 $ 0.18 $ 0.58
Cumulative effect of accounting change per share
– diluted – – (0.05) – –
Net income (loss) per share – diluted*$ 0.06 $ (0.08) $ 0.04 $ 0.18 $ 0.58
Shares used in per share calculation – basic 1,101,314 1,139,448 1,187,677 1,233,480 1,353,439
Shares used in per share calculation – diluted 1,221,356 1,139,448 1,220,120 1,310,796 1,452,499
Consolidated Balance Sheet Data:
December 31,
(in thousands) 2000 2001 2002 2003 2004
Cash, cash equivalents and marketable debt
securities $1,658,666 $1,471,993 $1,534,038 $2,566,215 $3,742,262
Working capital 979,635 693,016 558,190 1,013,913 2,909,768
Total assets 2,269,576 2,379,346 2,790,181 5,931,654 9,178,201
Long-term liabilities 32,115 23,806 84,540 822,890 851,782
Total stockholders’ equity 1,896,914 1,967,017 2,262,270 4,363,490 7,101,446
Information for the year ended December 31, 2000 has been restated to reflect the acquisitions during the year ended
December 31, 2000 that were accounted for as pooling of interests. All acquisitions following the year ended Decem-
ber 31, 2000 were accounted for under the purchase method. See Note 3 – ’’Acquisitions’’ in the consolidated financial
statements for additional information.
*Our net income for 2004 includes a gain, net of tax, of $314 million, $0.23 per basic share or $0.22 per diluted share related to the sale of an
investment.
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