Yahoo 2005 Annual Report Download - page 40

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34
Item 6. Selected Financial Data
Consolidated Statements of Operations Data:
Years Ended December 31,
(in thousands, except per share amounts) 2001 2002 2003 2004 2005
Revenues $ 717,422 $ 953,067 $ 1,625,097 $ 3,574,517 $ 5,257,668
Income (loss) from operations $ (158,270) $ 88,188 $ 295,666 $ 688,581 $ 1,107,725
Net income (loss) before cumulative
effect of accounting change (1) $ (92,788) $ 106,935 $ 237,879 $ 839,553 $ 1,896,230
Cumulative effect of accounting change — (64,120) — — —
Net income (loss) (1) $ (92,788) $ 42,815 $ 237,879 $ 839,553 $ 1,896,230
Net income (loss) per share before
cumulative effect of accounting
change — basic (1) $ (0.08) $ 0.09 $ 0.19 $ 0.62 $ 1.35
Cumulative effect of accounting change
per share — basic — (0.05) — — —
Net income (loss) per share — basic (1) $ (0.08) $ 0.04 $ 0.19 $ 0.62 $ 1.35
Net income (loss) per share before
cumulative effect of accounting
change — diluted (1) $ (0.08) $ 0.09 $ 0.18 $ 0.58 $ 1.28
Cumulative effect of accounting change
per share — diluted — (0.05) — — —
Net income (loss) per share —
diluted (1) $ (0.08) $ 0.04 $ 0.18 $ 0.58 $ 1.28
Shares used in per share calculation —
basic 1,139,448 1,187,677 1,233,480 1,353,439 1,400,421
Shares used in per share calculation —
diluted 1,139,448 1,220,120 1,310,796 1,452,499 1,485,591
Consolidated Balance Sheets Data:
December 31,
(in thousands) 2001 2002 2003 2004 2005
Cash and cash equivalents $ 333,886 $ 234,073 $ 415,892 $ 823,723 $ 1,429,693
Marketable debt securities $ 1,138,107 $ 1,299,965 $ 2,150,323 $ 2,918,539 $ 2,570,155
Working capital $ 693,016 $ 558,190 $ 1,013,913 $ 2,909,768 $ 2,245,481
Total assets $ 2,379,346 $ 2,790,181 $ 5,931,654 $ 9,178,201 $ 10,831,834
Long-term liabilities $ 23,806 $ 84,540 $ 822,890 $ 851,782 $ 1,061,367
Total stockholders’ equity $ 1,967,017 $ 2,262,270 $ 4,363,490 $ 7,101,446 $ 8,566,415
(1) Our net income for 2004 included gains related to sales of an investment of $314 million, net of tax, or $0.23 per basic share or
$0.22 per diluted share. Our net income for 2005 included gains related to sales of an investment of $580 million, net of tax; a
gain related to the divestiture of Yahoo! China in connection with the Alibaba transaction of $205 million, net of tax; and a tax
benefit of $248 million related to a subsidiary restructuring transaction. In aggregate, these items had an impact of $1,033
million on net income, or $0.74 per basic share or $0.70 per diluted share.