Yahoo 2008 Annual Report Download - page 65

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Supplemental cash flow disclosures:
Income taxes paid were $66 million, $141 million, and $70 million in the years ended December 31, 2006, 2007,
and 2008, respectively. Interest paid was not material in any of the years presented.
During the year ended December 31, 2008, the holders of the Company’s zero coupon senior convertible notes
(the “Notes”) converted $750 million of the Notes into 36.6 million shares of Yahoo! common stock. See
Note 9—“Debt” for additional information.
During the year ended December 31, 2008, the Company entered into an 11 year lease agreement for a data
center in the western United States (“U.S.”). Of the total expected minimum lease commitment of $105 million,
$21 million is classified as an operating lease for real estate and $84 million is classified as a capital lease for
equipment. See Note 13—“Commitments and Contingencies” for additional information.
Acquisition-related activities:
Years Ended December 31,
2006 2007 2008
(In thousands)
Cash paid for acquisitions ....................................... $150,859 $1,019,755 $234,626
Cash acquired in acquisitions ..................................... (8,587) (46,178) (25,430)
$142,272 $ 973,577 $209,196
Fair value of common stock and vested stock-based awards issued in
connection with acquisitions ................................... $ — $ 290,671 $ —
During the year ended December 31, 2006, the Company contributed its Australian Internet business, Yahoo!
Australia and New Zealand as consideration for its strategic partnership with Seven Network Limited. See
Note 3—“Acquisitions” for additional information.
The accompanying notes are an integral part of these consolidated financial statements.
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