Yahoo 2009 Annual Report Download - page 90

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Yahoo! Inc.
Notes to Consolidated Financial Statements—(Continued)
December 31, 2009
Gross Carrying
Amount
Accumulated
Amortization(*) Net
Customer, affiliate, and advertiser related relationships ........... $141,484 $ (58,252) $ 83,232
Developed technology and patents ............................ 505,124 (265,839) 239,285
Trade names, trademarks, and domain names ................... 78,528 (45,162) 33,366
Total intangible assets, net .............................. $725,136 $(369,253) $355,883
(*) Foreign currency translation adjustments, reflecting movement in the currencies of the underlying entities,
totaled approximately $11 million as of December 31, 2008 and $15 million as of December 31, 2009.
The intangible assets have original estimated useful lives as follows:
• Customer, affiliate, and advertiser related relationships—three to eight years;
• Developed technology and patents—less than one year to eight years; and
• Trade names, trademarks, and domain names—one year to indefinite lived.
The Company recognized amortization expense of intangible assets of approximately $250 million, $281 million,
and $184 million for 2007, 2008, and 2009, respectively, including $143 million, $194 million, and $145 million,
respectively, included in cost of revenues. Based on the current amount of intangibles subject to amortization, the
estimated amortization expense for each of the succeeding years is as follows: 2010: $132 million; 2011: $101
million; 2012: $64 million; 2013: $26 million; 2014: $12 million; and cumulatively thereafter: $4 million.
Note 7 C
ONSOLIDATED
F
INANCIAL
S
TATEMENT
D
ETAILS
Other income, net
Other income, net for 2007, 2008, and 2009 were as follows (in thousands):
Years Ended December 31,
2007 2008 2009
Interest and investment income ..................................... $129,541 $ 86,056 $ 22,116
Investment gains (losses), net ....................................... 1,730 (351) 3,702
Gain on divestiture of Yahoo! China(1) ................................ 8,066 — —
Gain on sale of Overture Japan(1) .................................... 6,175 — —
Gain on sale of Kelkoo SAS ........................................ — 25,149 —
Gain on sales of marketable equity securities ........................... — — 164,851
Imputed interest on convertible debt(2) ................................ (35,240) (9,088) —
Other .......................................................... 8,499 (28,016) (3,141)
Total other income, net ........................................ $118,771 $ 73,750 $187,528
(1) See Note 4—“Investments in Equity Interests” for additional information related to the gains on the
divestiture of Yahoo! China and sale of Overture Japan.
(2) See Note 9—“Debt” for additional information related to the retrospective adoption of new authoritative
guidance on convertible debt instruments effective in 2009.
Interest and investment income consist of income earned from cash in bank accounts and investments made in
marketable debt securities and money market funds.
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