Yahoo 2005 Annual Report Download - page 68

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62
Consolidated Statements of Cash Flows YAHOO! INC. (Continued)
(in thousands, unless otherwise stated)
Supplemental cash flow disclosures:
Income taxes paid were $11 million, $22 million, and $51 million in the years ended December 31, 2003,
2004, and 2005, respectively. Interest paid was not material in any year presented.
Acquisition-related activities:
Years Ended December 31,
2003 2004 2005
Cash paid for acquisitions $ 583,269 $ 821,034 $ 1,700,898
Cash acquired in acquisitions (205,283) (59,429 ) (2,734)
$ 377,986 $ 761,605 $ 1,698,164
Fair value of common stock, restricted stock and common stock
options issued in connection with acquisitions $ 1,428,259 $ 4,313 $ 44,773
During the year ended December 31, 2005 the Company issued approximately 1 million shares of
restricted stock and during the year ended December 31, 2003, the Company issued approximately
79 million shares of common stock, in connection with acquisitions. No shares of common or restricted
stock were issued during the year ended December 31, 2004 in connection with acquisitions. See Note 3 —
“Acquisitions” for additional information.
During the year ended December 31, 2005, the Company contributed its China based businesses (“Yahoo
China”) as partial consideration for its investment in Alibaba.com Corporation (“Alibaba”). See Note 4 —
“Investments in Equity Interests” for additional information.
The accompanying notes are an integral part of these consolidated financial statements.