Yahoo 2008 Annual Report Download - page 91

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Yahoo! Inc.
Notes to Consolidated Financial Statements—(Continued)
Accrued expenses and other current liabilities
As of December 31, Accrued expenses and other current liabilities consisted of the following (in thousands):
2007 2008
Accrued content, connection, traffic acquisition, and other costs .................. $ 331,378 $ 374,920
Deferred income taxes (Note 10) .......................................... 13,105 865
Accrued compensation and related expenses ................................. 338,490 318,958
Accrued taxes payable ................................................... 39,120 23,194
Accrued professional service expenses ...................................... 73,115 77,032
Accrued sales and marketing related expenses ................................ 54,347 44,335
Accrued restructuring and acquisition-related costs ............................ 16,466 82,268
Other ................................................................ 140,167 218,322
Total accrued expenses and other current liabilities ........................ $1,006,188 $1,139,894
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):
2007 2008
Deferred income taxes ...................................................... $ 15,684 $ 68,097
Tax contingency accruals(*) ................................................. 245,309 352,275
Total deferred and other long-term tax liabilities, net (Note 10) ................. $260,993 $420,372
(*) Includes interest and penalties.
Accumulated other comprehensive income
As of December 31, the components of Accumulated other comprehensive income were as follows (in
thousands):
2007 2008
Unrealized gains and losses on available-for-sale securities, net of tax ................ $ 26,874 $ 6,857
Foreign currency translation, net of tax ........................................ 304,328 113,419
Accumulated other comprehensive income ................................. $331,202 $120,276
Note 8 I
NVESTMENTS
The following tables summarize the investments in available-for-sale securities (in thousands):
December 31, 2007
Gross
Amortized
Costs
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair Value
U.S. 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
85