Yahoo 2007 Annual Report Download - page 88

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Deferred and other long-term tax liabilities, net
As of December 31, Deferred and other long-term tax liabilities, net consisted of the following (in thousands):
2006 2007
Deferred income taxes ..................................... $ 19,204 $ 15,684
Tax contingency accruals
(*)
................................. — 245,309
Total deferred and other long-term tax liabilities, net (Note 10) ..... $ 19,204 $ 260,993
(*)
Includes interest and penalties.
Accumulated other comprehensive income (loss)
As of December 31, the components of Accumulated other comprehensive income (loss) were as follows (in
thousands):
2006 2007
Unrealized gains and losses on available-for-sale securities, net of tax ..... $ 21,800 $ 26,874
Foreign currency translation, net of tax ............................ 128,705 304,328
Accumulated other comprehensive income (loss) ................... $150,505 $331,202
Note 8 INVESTMENTS
The following tables summarize the investments in available-for-sale securities (in thousands):
Gross
Amortized
Costs
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair Value
December 31, 2006
United States Government and agency
securities ........................... $ 773,721 $ 180 $ (5,356) $ 768,545
Municipal bonds ....................... 10,879 — (100) 10,779
Corporate debt securities ................. 1,193,540 539 (5,989) 1,188,090
Corporate equity securities
(*)
.............. 68,441 47,099 (1,320) 114,220
Total investments in available-for-sale
securities ......................... $2,046,581 $47,818 $(12,765) $2,081,634
Gross
Amortized
Costs
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair Value
December 31, 2007
United States Government and agency
securities ........................... $ 219,681 $ 1,648 $ (239) $ 221,090
Municipal bonds ....................... 4,634 44 — 4,678
Corporate debt securities ................. 623,212 2,133 (1,571) 623,774
Corporate equity securities
(*)
.............. 71,178 55,860 (1,125) 125,913
Total investments in available-for-sale
securities ......................... $ 918,705 $59,685 $ (2,935) $ 975,455
86
Yahoo! Inc.
Notes to Consolidated Financial Statements — (Continued)