Yahoo 2006 Annual Report Download - page 70

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Supplemental cash flow disclosures:
Income taxes paid were $22 million, $51 million and $66 million in the years ended December 31, 2004, 2005, and
2006, respectively. Interest paid was not material in any year presented.
Acquisition-related activities:
2004 2005 2006
Years Ended December 31,
(in thousands)
Cash paid for acquisitions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $821,034 $1,700,898 $150,859
Cash acquired in acquisitions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (59,429) (2,734) (8,587)
$761,605 $1,698,164 $142,272
Fair value of common stock and stock-based awards issued in connection with
acquisitions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 4,313 $ 44,773 $ 3,256
No shares of common or restricted stock were issued during the year ended December 31, 2004 in connection with
acquisitions. During the years ended December 31, 2005 and 2006, the Company issued approximately 1 million
and 0.1 million shares of restricted stock, respectively, in connection with acquisitions. See Note 3 — “Acqui-
sitions” 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.
During the year ended December 31, 2006, the Company contributed its Internet business, Yahoo! Australia and
New Zealand (“Yahoo! Australia”), as consideration for its strategic partnership with Seven Network Limited
(“Seven”). See Note 3 — “Acquisitions” for additional information.
The accompanying notes are an integral part of these consolidated financial statements.
60
Yahoo! Inc.
Consolidated Statements of Cash Flows — (Continued)