Yahoo 2004 Annual Report Download - page 68

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The following table sets forth the computation of basic and diluted net income per share (in thousands, except per share
amounts):
Years Ended December 31,
2002 2003 2004
Numerator:
Net income before cumulative effect of accounting change $ 106,935 $ 237,879 $ 839,553
Cumulative effect of accounting change (64,120) – –
Net income $ 42,815 $ 237,879 $ 839,553
Denominator:
Weighted average common shares and denominator for basic calculation 1,187,677 1,233,480 1,353,439
Weighted average effect of dilutive securities:
Employee stock options 32,443 50,681 62,475
Convertible debt securities – 26,635 36,585
Denominator for diluted calculation 1,220,120 1,310,796 1,452,499
Net income per share – basic:
Net income per share before cumulative effect of accounting change $ 0.09 $ 0.19 $ 0.62
Cumulative effect of accounting change per share (0.05) – –
Net income per share – basic $ 0.04 $ 0.19 $ 0.62
Net income per share – diluted:
Net income per share before cumulative effect of accounting change $ 0.09 $ 0.18 $ 0.58
Cumulative effect of accounting change per share (0.05) – –
Net income per share – diluted $ 0.04 $ 0.18 $ 0.58
Note 3 ACQUISITIONS
The following table summarizes the purchase acquisitions completed during the three years in the period ended Decem-
ber 31, 2004 (in millions):
Purchase Amortizable
Price Goodwill Intangibles
2002
HotJobs $ 439 $ 282 $ 99
Other acquisitions 13 7 1
2003
Inktomi 290 217 49
Overture 1,732 1,155 354
2004
3721 74 59 12
Kelkoo 571 454 107
Musicmatch 157 172 21
Other acquisitions 49 41 14
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