Yahoo 2007 Annual Report Download - page 86
Download and view the complete annual report
Please find page 86 of the 2007 Yahoo annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76 -
77 -
78 -
79 -
80 -
81 -
82 -
83 -
84 -
85 -
86 -
87 -
88 -
89 -
90 -
91 -
92 -
93 -
94 -
95 -
96 -
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
 |
 |
The intangible assets are all amortizable and have original estimated useful lives as follows:
• Customer, affiliate and advertiser related relationships — three to seven years;
• Developed technology and patents — two to five years; and
• Trademark, trade name and domain name — one to seven years.
The Company recognized amortization expense of intangible assets, including amortization expense of developed
technology and patents, of approximately $173 million, $238 million, and $250 million for 2005, 2006, and 2007,
respectively, including $64 million, $113 million, and $143 million, respectively, included in cost of revenues.
Based on the current amount of intangibles subject to amortization, the estimated amortization expense for each of
the succeeding years is as follows: 2008: $247 million; 2009: $139 million; 2010: $106 million; 2011: $60 million;
2012: $34 million; 2013: $17 million; and cumulatively thereafter: $8 million.
Note 7 CONSOLIDATED FINANCIAL STATEMENT DETAILS
Other income, net
Other income, net for 2005, 2006, and 2007 was as follows (in thousands):
2005 2006 2007
Years Ended December 31,
Interest and investment income ....................... $ 125,122 $143,310 $129,541
Investment gains (losses), net
(1)
....................... 967,327 (3,527) 1,730
Gains on divestiture of Yahoo! China
(2)
................. 337,965 15,158 8,066
Gains on sale of Overture Japan
(2)
..................... — — 6,175
Other .......................................... 5,443 2,093 8,499
Total other income, net ........................... $1,435,857 $157,034 $154,011
(1)
See Note 14 — “Litigation Settlement” for additional information related to the investment gains in the year ended December 31,
2005. An impairment loss of $28 million was also recorded on an available-for-sale equity investment in the year ended December 31,
2005.
(2)
See Note 4 — “Investments in Equity Interests” for additional information related to the gains on the divestiture of Yahoo! China and
Overture Japan.
Investment gains (losses), net include realized investment gains, realized investment losses, and impairment
charges related to declines in values of publicly traded securities and securities of privately held companies judged
to be other than temporary.
Prepaid expenses and other current assets
As of December 31, Prepaid expenses and other current assets consisted of the following (in thousands):
2006 2007
Prepaid expenses ............................................. $ 68,807 $ 67,243
Deferred income taxes (Note 10) ................................. 129,968 83,691
Other ..................................................... 19,004 29,782
Total prepaid expenses and other current assets..................... $217,779 $180,716
84
Yahoo! Inc.
Notes to Consolidated Financial Statements — (Continued)