Yahoo 2005 Annual Report Download - page 104

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98
Selected Quarterly Financial Data
(unaudited) (in thousands, except per share amounts)
Quarters Ended
March 31,
2004
June 30,
2004
September 30,
2004
December 31,
2004
March 31,
2005
June 30,
2005
September 30,
2005
December 31,
2005
Revenues
$ 757,786 $ 832,299 $ 906,715 $ 1,077,717 $ 1,173,742 $ 1,252,997 $ 1,329,929 $ 1,501,000
Gross profit $ 466,825 $ 524,974 $ 563,789 $ 676,591 $ 706,818 $ 752,839 $ 795,548 $ 906,262
Net income (1)
$ 101,212 $ 112,512 $ 253,305 $ 372,524 $ 204,560 $ 754,689 $ 253,773 $ 683,208
Net income per share — basic (1) $ 0.08 $ 0.08 $ 0.19 $ 0.27 $ 0.15 $ 0.54 $ 0.18 $ 0.48
Net income per share — diluted (1) $ 0.07 $ 0.08 $ 0.17 $ 0.25 $ 0.14 $ 0.51 $ 0.17 $ 0.46
Shares used in per share calculation —
basic 1,328,154 1,347,459 1,361,136 1,377,007 1,384,958 1,395,596 1,405,012 1,416,118
Shares used in per share calculation —
diluted 1,426,548 1,449,707 1,458,610 1,475,131 1,477,811 1,484,200 1,486,876 1,496,942
(1)
The net income includes gains, net of tax, for the quarters ended September 30, 2004, December 31, 2004 and June 30, 2005 of
$129 million, or $0.09 per basic and diluted share, $185 million or $0.13 per basic and diluted share net of tax, $573 million or
$0.41 per basic and $0.39 per diluted share, respectively related to sales of an investment. The net income for the quarter ended
December 31, 2005 includes a gain, net of tax, of $205 million or $0.15 per basic share and $0.14 per diluted share with respect
to the divestiture of Yahoo! China and a tax benefit of $248 million or $0.18 per basic share and $0.17 per diluted share with
respect to a subsidiary restructuring transaction. The quarterly tax impact on the gains has been calculated using the annual
effective tax rate determined at the end of the respective years.