Yahoo 2011 Annual Report Download - page 88

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(2) Gross goodwill balances for the EMEA segment were $1.1 billion as of both January 1, 2010 and
December 31, 2011. The EMEA segment includes accumulated impairment losses of $488 million as of both
January 1, 2010 and December 31, 2011.
(3) Gross goodwill balances for the Asia Pacific (“APAC”) segment were $0.5 billion as of both January 1, 2010
and December 31, 2011. The APAC segment includes accumulated impairment losses of $64 million as of
both January 1, 2010 and December 31, 2011.
(4) Acquisitions and other for the year ended December 31, 2010 includes reductions of $19 million and $41
million, respectively, of goodwill in the Americas segment related to the sales of Zimbra, Inc. and HotJobs.
(5) Acquisitions and other for the year ended December 31, 2011 includes additions of $198 million and $22
million, respectively, of goodwill in the Americas and Asia Pacific segments.
Note 6 I
NTANGIBLE
A
SSETS
,N
ET
The following table summarizes the Company’s carrying amount of intangible assets, net (in thousands):
December 31, 2010
Gross Carrying
Amount
Accumulated
Amortization(*) Net
Customer, affiliate, and advertiser related relationships ........... $132,298 $ (70,194) $ 62,104
Developed technology and patents ........................... 393,036 (225,139) 167,897
Trade names, trademarks, and domain names ................... 69,346 (43,477) 25,869
Total intangible assets, net .............................. $594,680 $(338,810) $255,870
December 31, 2011
Gross Carrying
Amount
Accumulated
Amortization(*) Net
Customer, affiliate, and advertiser related relationships ........... $178,489 $ (84,806) $ 93,683
Developed technology and patents ........................... 376,561 (238,893) 137,668
Trade names, trademarks, and domain names ................... 71,685 (48,436) 23,249
Total intangible assets, net .............................. $626,735 $(372,135) $254,600
(*) Foreign currency translation adjustments, reflecting movement in the currencies of the underlying entities,
totaled approximately $18 million as of both December 31, 2010 and 2011.
The intangible assets have estimated useful lives as follows:
• Customer, affiliate, and advertiser related relationships—two 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 $184 million, $127 million,
and $118 million for 2009, 2010, and 2011, respectively, including $145 million, $96 million, and $84 million,
respectively, included in cost of revenue. Based on the current amount of intangibles subject to amortization, the
estimated amortization expense for each of the succeeding years is as follows: 2012: $103 million; 2013:
$62 million; 2014: $42 million; 2015: $22 million; 2016: $5 million; and cumulatively thereafter: $5 million.
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