Yahoo 2011 Annual Report Download - page 91

Download and view the complete annual report

Please find page 91 of the 2011 Yahoo annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 136

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136

Accumulated other comprehensive income
As of December 31, the components of accumulated other comprehensive income were as follows
(in thousands):
2010 2011
Unrealized gains (losses) on available-for-sale securities, net of tax .................. $ 8,734 $ (7,538)
Foreign currency translation, net of tax ........................................ 495,520 705,407
Accumulated other comprehensive income ................................. $504,254 $697,869
Note 8 I
NVESTMENTS
The following tables summarize the investments in available-for-sale securities (in thousands):
December 31, 2010
Gross
Amortized
Costs
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair Value
Government and agency securities ..................... $1,353,064 $1,513 $ (514) $1,354,063
Municipal bonds ................................... 6,609 8 — 6,617
Corporate debt securities, commercial paper, and bank
certificates of deposit .............................. 740,043 1,608 (76) 741,575
Corporate equity securities ........................... 2,597 — (1,128) 1,469
Total investments in available-for-sale securities ...... $2,102,313 $3,129 $(1,718) $2,103,724
December 31, 2011
Gross
Amortized
Costs
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Estimated
Fair Value
Government and agency securities ........................ $599,582 $1,054 $ (172) $600,464
Corporate debt securities, commercial paper, and bank
certificates of deposit ................................ 366,264 1,025 (226) 367,063
Corporate equity securities .............................. 2,761 — (1,978) 783
Total investments in available-for-sale securities ......... $968,607 $2,079 $(2,376) $968,310
December 31,
2010 2011
Reported as:
Short-term marketable debt securities .................................... $1,357,661 $493,189
Long-term marketable debt securities .................................... 744,594 474,338
Other assets ........................................................ 1,469 783
Total .......................................................... $2,103,724 $968,310
Available-for-sale securities included in cash and cash equivalents on the consolidated balance sheets are not
included in the table above as the gross unrealized gains and losses were immaterial for both 2010 and 2011 as
the carrying value approximates fair value because of the short maturity of those instruments.
89