Yahoo 2010 Annual Report Download - page 110

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Selected Quarterly Financial Data
(Unaudited)
Quarters Ended
March 31,
2009(1)
June 30,
2009(2)
September 30,
2009(3)
December 31,
2009(4)
March 31,
2010(5)
June 30,
2010(6)
September 30,
2010(7)
December 31,
2010(8)
(In thousands, except per share amounts)
Revenue ........... $1,580,042 $1,572,897 $1,575,399 $1,731,977 $1,596,960 $1,601,379 $1,601,203 $1,525,109
Gross profit ........ $ 879,305 $ 860,444 $ 866,501 $ 982,319 $ 890,577 $ 918,657 $ 920,449 $ 967,423
Net income
attributable to
Yahoo! Inc. ...... $ 117,558 $ 141,387 $ 186,093 $ 152,954 $ 310,191 $ 213,321 $ 396,131 $ 312,020
Net income
attributable to
Yahoo! Inc.
common
stockholders per
share—basic ...... $ 0.08 $ 0.10 $ 0.13 $ 0.11 $ 0.22 $ 0.15 $ 0.30 $ 0.24
Net income
attributable to
Yahoo! Inc.
common
stockholders per
share—diluted .... $ 0.08 $ 0.10 $ 0.13 $ 0.11 $ 0.22 $ 0.15 $ 0.29 $ 0.24
Shares used in per
share calculation—
basic ............ 1,391,526 1,394,783 1,401,961 1,402,339 1,398,308 1,378,374 1,333,753 1,306,036
Shares used in per
share calculation—
diluted .......... 1,406,510 1,414,295 1,424,854 1,416,974 1,413,432 1,390,240 1,343,094 1,311,682
(1) Net income attributable to Yahoo! Inc. for the quarter ended March 31, 2009 includes net restructuring charges
of $5 million.
(2) Net income attributable to Yahoo! Inc. for the quarter ended June 30, 2009 includes a pre-tax gain of $67
million in connection with the Company’s sale of its Gmarket shares and net restructuring charges of $65
million.
(3) Net income attributable to Yahoo! Inc. for the quarter ended September 30, 2009 includes Yahoo!’s gain on sale
of the Company’s direct investment in Alibaba.com of $98 million and net restructuring charges of $17 million.
(4) Net income attributable to Yahoo! Inc. for the quarter ended December 31, 2009 includes net restructuring
charges of $40 million.
(5) Net income attributable to Yahoo! Inc. for the quarter ended March 31, 2010 includes a pre-tax gain of $66
million in connection with the sale of Zimbra, Inc. and net restructuring charges of $4 million. During the
quarter ended March 31, 2010, Yahoo! recorded $43 million for the reimbursement of transition costs incurred
in 2009.
(6) Net income attributable to Yahoo! Inc. for the quarter ended June 30, 2010 includes net restructuring charges of
$10 million.
(7) Net income attributable to Yahoo! Inc. for the quarter ended September 30, 2010 includes a pre-tax gain of $186
million in connection with the sale of HotJobs and net restructuring charges of $6 million.
(8) Net income attributable to Yahoo! Inc. for the quarter ended December 31, 2010 includes net restructuring
charges of $38 million. Beginning in the fourth quarter of 2010 when Yahoo! completed the transition of
algorithmic and paid search services to the Microsoft platform in the U.S. and Canada, revenue was impacted by
the required change in revenue presentation and the revenue share with Microsoft associated with the transition
pursuant to the Search Agreement. For transitioned markets, Yahoo! now reports an 88 percent revenue share for
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