Yahoo 2008 Annual Report Download - page 111

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Yahoo! Inc.
Notes to Consolidated Financial Statements—(Continued)
The following tables present summarized information by segment (in thousands):
Years Ended December 31,
2006 2007 2008
Revenues by segment:
United States ........................................... $4,365,922 $4,727,123 $5,189,868
International ........................................... 2,059,757 2,242,151 2,018,634
Total revenues ...................................... $6,425,679 $6,969,274 $7,208,502
Segment operating income before depreciation, amortization, and stock-
based compensation expense:
United States ........................................... $1,451,656 $1,433,617 $1,212,821
International ........................................... 454,261 493,418 (2,218)
Total segment operating income before depreciation,
amortization, and stock-based compensation expense: ..... 1,905,917 1,927,035 1,210,603
Depreciation and amortization ................................. (540,021) (659,195) (790,033)
Stock-based compensation expense ............................. (424,930) (572,427) (407,607)
Income from operations .................................. $ 940,966 $ 695,413 $ 12,693
Capital expenditures, net:
United States ........................................... $ 601,472 $ 515,709 $ 581,906
International ........................................... 87,664 86,567 92,923
Total capital expenditures, net ......................... $ 689,136 $ 602,276 $ 674,829
December 31,
2007 2008
Property and equipment, net:
United States ...................................................... $1,182,212 $1,396,031
International ...................................................... 149,420 140,150
Total property and equipment, net ................................. $1,331,632 $1,536,181
Revenues are attributed to individual countries according to the international online property that generated the
revenues. No single foreign country accounted for more than 10 percent of revenues in 2006, 2007, and 2008,
respectively. See also Note 5—“Goodwill” and Note 16—“Restructuring Charges, Net” for additional
information regarding segments.
The following table presents revenues for groups of similar services (in thousands):
Years Ended December 31,
2006 2007 2008
Marketing services:
Owned and Operated sites ................................ $3,074,803 $3,669,816 $4,045,996
Affiliate sites .......................................... 2,552,404 2,418,423 2,270,210
Marketing services .......................................... 5,627,207 6,088,239 6,316,206
Fees ..................................................... 798,472 881,035 892,296
Total revenues ......................................... $6,425,679 $6,969,274 $7,208,502
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