Yahoo 2004 Annual Report Download - page 75

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The fair value of the reporting units was estimated using the expected present value of future cash flows and the market
valuation approach.
The Company performed its annual assessment of goodwill in 2003 and 2004, and concluded that there were no
additional impairments.
Note 5 INTANGIBLE ASSETS, NET
The following table summarizes the Company’s intangible assets, net (in thousands):
December 31, 2003
Gross carrying Accumulated
amount amortization Net
Trademark, trade name and domain name $ 74,400 $(17,570) $ 56,830
Customer, affiliate, and advertiser related relationships 276,855 (43,465) 233,390
Developed technology and patents 168,900 (13,480) 155,420
Total intangible assets, net $520,155 $(74,515) $445,640
December 31, 2004
Gross carrying Accumulated
amount amortization*Net
Trademark, trade name and domain name $137,800 $ (34,004) $103,796
Customer, affiliate, and advertiser related relationships 319,585 (114,553) 205,032
Developed technology and patents 226,107 (54,269) 171,838
Total intangible assets, net $683,492 $(202,826) $480,666
* Foreign currency translation adjustments, reflecting movement in the currencies of the underlying entities, totaled approximately $10 million as of
December 31, 2004, and an immaterial amount as of December 31, 2003.
The intangible assets are all amortizable and have original estimated economic lives as follows:
• Trademark, trade name and domain name – four to seven years;
• Customer, affiliate, and advertiser related relationships – three to seven years; and
• Developed technology and patents – two to five years.
The Company recognized amortization expense on intangible assets of approximately $21 million, $54 million, and
$146 million for 2002, 2003, and 2004, respectively. Based on the current amount of intangibles subject to amortization,
the estimated amortization expense for each of the succeeding five years is as follows: 2005: $156 million; 2006:
$146 million; 2007: $108 million; 2008: $60 million, and 2009: $11 million.
Note 6 CONSOLIDATED FINANCIAL STATEMENT DETAILS
Other Income, net
Other income, net for 2002, 2003, and 2004 was as follows (in thousands):
Years Ended December 31,
2002 2003 2004
Interest and investment income $63,200 $47,202 $ 60,830
Investment gains (losses), net*2,189 (1,223) 415,125
Other 3,898 1,527 20,488
Total other income, net $69,287 $47,506 $496,443
* See Note 14 – ‘‘Litigation Settlement’’ for additional information related to the investment gains in the year ended December 31, 2004.
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