Yahoo 2011 Annual Report Download - page 117

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Selected Quarterly Financial Data
(Unaudited)
Quarters Ended
March 31,
2010(1)
June 30,
2010(2)
September 30,
2010(3)
December 31,
2010(4)
March 31,
2011(5)
June 30,
2011(6)
September 30,
2011(7)
December 31,
2011(8)
(In thousands, except per share amounts)
Revenue ..........$1,596,960 $1,601,379 $1,601,203 $1,525,109 $1,214,357 $1,229,024 $1,216,665 $1,324,153
Gross profit .......$ 890,577 $ 918,657 $ 920,449 $ 967,423 $ 836,895 $ 857,869 $ 857,389 $ 929,396
Net income
attributable to
Yahoo! Inc. .....$ 310,191 $ 213,321 $ 396,131 $ 312,020 $ 222,992 $ 236,972 $ 293,291 $ 295,572
Net income
attributable to
Yahoo! Inc.
common
stockholders per
share—basic .....$ 0.22 $ 0.15 $ 0.30 $ 0.24 $ 0.17 $ 0.18 $ 0.23 $ 0.24
Net income
attributable to
Yahoo! Inc.
common
stockholders per
share—diluted . . . $ 0.22 $ 0.15 $ 0.29 $ 0.24 $ 0.17 $ 0.18 $ 0.23 $ 0.24
Shares used in per
share
calculation—
basic ........... 1,398,308 1,378,374 1,333,753 1,306,036 1,309,064 1,299,947 1,253,044 1,234,904
Shares used in per
share
calculation—
diluted ......... 1,413,432 1,390,240 1,343,094 1,311,682 1,320,185 1,308,359 1,259,576 1,241,009
(1) 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.
(2) Net income attributable to Yahoo! Inc. for the quarter ended June 30, 2010 includes net restructuring charges
of $10 million.
(3) 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.
(4) 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 search advertising services provided by Microsoft. Yahoo!’s income tax provision was also
reduced by the effect of certain tax benefits as discussed in Note 9—“Income Taxes” in the Notes to the
consolidated financial statements.
(5) Net income attributable to Yahoo! Inc. for the quarter ended March 31, 2011 includes Yahoo!’s non-cash loss
related to an impairment of an investment held by Yahoo Japan, net of taxes, which is included in earnings in
equity interests of $26 million and net restructuring charges of $11 million.
(6) Net income attributable to Yahoo! Inc. for the quarter ended June 30, 2011 includes Yahoo!’s share of the
non-cash loss related to impairments of assets held by Yahoo Japan, which is included in earnings in equity
interests of $7 million and net restructuring charges of less than $1 million.
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