Yahoo 2010 Annual Report Download - page 108
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The Company’s results for the year ended December 31, 2010 also reflect transition cost reimbursements from
Microsoft under the Search Agreement, which were equal to the transition costs of $81 million incurred by
Yahoo! related to the Search Agreement in the year ended December 31, 2010. In addition, in the year ended
December 31, 2010, $43 million was recorded for reimbursement of transition costs incurred in 2009, $17
million for employee retention costs incurred in 2010, and $5 million for employee retention costs incurred in
2009. The 2009 transition cost reimbursements were recorded in 2010 after regulatory clearance in the U.S. and
Europe was received, implementation of the Search Agreement commenced, and Microsoft became obligated to
make such payments.
Reimbursement receivables are recorded as the reimbursable costs are incurred and are applied against the
operating expense categories in which the costs were incurred. As of December 31, 2010, a total of $414 million
of reimbursable expenses had been incurred by the Company related to the Search Agreement. Of that amount,
$350 million had been received from Microsoft and $64 million was classified as part of prepaid expenses and
other current assets on the Company’s consolidated balance sheets as of December 31, 2010.
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