Yahoo 2004 Annual Report Download - page 95

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Selected Quarterly Financial Data
(unaudited) (in thousands, except per share amounts)
Quarters Ended
March 31, June 30, September 30, December 31, March 31, June 30, September 30, December 31,
2003 2003 2003 2003 2004 2004 2004 2004
Revenues $ 282,948 $ 321,406 $ 356,821 $ 663,922 $ 757,786 $ 832,299 $ 906,715 $1,077,717
Gross profit 239,816 274,564 309,534 443,080 476,081 534,916 574,382 690,579
Net income(1) $ 46,703 $ 50,828 $ 65,329 $ 75,019 $ 101,212 $ 112,512 $ 253,305 $ 372,524
Net income per share – basic(1) $ 0.04 $ 0.04 $ 0.05 $ 0.06 $ 0.08 $ 0.08 $ 0.19 $ 0.27
Net income per share – diluted(1) $ 0.04 $ 0.04 $ 0.05 $ 0.05 $ 0.07 $ 0.08 $ 0.17 $ 0.25
Shares used in per share calculation – basic 1,193,284 1,208,036 1,221,394 1,311,204 1,328,154 1,347,459 1,361,136 1,377,007
Shares used in per share calculation – diluted(2) 1,231,576 1,290,523 1,311,473 1,409,613 1,426,548 1,449,707 1,458,610 1,475,131
(1) Our net income includes a gain, net of tax, for the quarters ended September 30, 2004 and December 31, 2004 of $129 million, or $0.09 per
basic and diluted share and $185 million or $0.13 per basic and diluted share, respectively related to the sale of an investment.
(2) In accordance with the adoption of EITF 04-08 ‘‘The Effect of Contingently Convertible Instruments on Diluted Earnings per Share’’, the
number of diluted shares for the quarters ended June 30, 2003, September 30, 2003, and December 31, 2003 have been increased from amounts
previously reported to include the shares related to the Company’s convertible notes. The inclusion of these shares did not change the net income
per share – diluted for these quarters from the amounts previously reported.
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