Yahoo 2009 Annual Report Download - page 79

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Yahoo! Inc.
Notes to Consolidated Financial Statements—(Continued)
Years Ended December 31,
2007 2008 2009
Diluted:
Numerator:
Net income attributable to Yahoo! ............................. $ 639,155 $ 418,921 $ 597,992
Less: Net income allocated to participating securities .......... (1,238) (265) (54)
Less: Effect of dilutive securities issued by equity investees .... — (11,501) (343)
Net income attributable to Yahoo! common stockholders—diluted ....... $ 637,917 $ 407,155 $ 597,595
Denominator:
Denominator for basic calculation ............................. 1,338,987 1,369,476 1,397,652
Weighted average effect of Yahoo! dilutive securities:
Restricted stock and restricted stock units ................... 4,785 5,240 10,371
Stock options and ESPP ................................. 22,492 16,514 7,635
Denominator for diluted calculation ........................... 1,366,264 1,391,230 1,415,658
Net income attributable to Yahoo! common stockholders per share—
diluted ................................................. $ 0.47 $ 0.29 $ 0.42
Note 3 A
CQUISITIONS
The following table summarizes significant acquisitions (including business combinations, asset acquisitions, and
strategic investments) completed during the three years ended December 31, 2009 (in millions):
Purchase
Price Goodwill
Amortizable
Intangibles
2007
Right Media .................................................. $524 $440 $104
Zimbra ...................................................... $303 $245 $ 79
BlueLithium ................................................. $255 $224 $ 42
Other acquisitions ............................................. $169 $ 74 $118
2008
Maven ...................................................... $143 $ 87 $ 65
Other acquisitions ............................................. $ 97 $ 51 $ 51
2009
Maktoob .................................................... $164 $142 $ 19
Other acquisitions ............................................. $ 30 $ 16 $ 16
Transactions completed in 2007
Right Media. On July 11, 2007, the Company acquired Right Media Inc. (“Right Media”), an online advertising
exchange. The Company believed the acquisition of Right Media was an integral piece of the Company’s
strategy to build the industry’s leading advertising and publishing network and was a key step in executing the
Company’s long-term strategy to change how online advertisers and publishers connect to their audiences in one
open advertising community. The purchase price exceeded the fair value of net tangible and identifiable
intangible assets acquired from Right Media and as a result, the Company recorded goodwill in connection with
this transaction. Under the terms of the agreement, the Company acquired all of the remaining equity interests
(including all outstanding options and restricted stock units) in Right Media. Right Media stockholders were paid
71