Yahoo 2012 Annual Report Download - page 101

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The following table sets forth the computation of basic and diluted net income per share (in thousands, except per
share amounts):
Years Ended December 31,
2010 2011 2012
Basic:
Numerator:
Net income attributable to Yahoo! Inc. ........................ $1,231,663 $1,048,827 $3,945,479
Less: Net income allocated to participating securities ......... (178) (15) (56)
Net income attributable to Yahoo! Inc. common
stockholders—basic ..................................... $1,231,485 $1,048,812 $3,945,423
Denominator:
Weighted average common shares ............................ 1,354,118 1,274,240 1,192,775
Net income attributable to Yahoo! Inc. common stockholders per
share—basic ........................................... $ 0.91 $ 0.82 $ 3.31
Diluted:
Numerator:
Net income attributable to Yahoo! Inc. ........................ $1,231,663 $1,048,827 $3,945,479
Less: Net income allocated to participating securities ......... (94) (14) (55)
Less: Effect of dilutive securities issued by equity investees . . . (2,928) (2,698) (4,920)
Net income attributable to Yahoo! Inc. common stockholders—diluted . . . $1,228,641 $1,046,115 $3,940,504
Denominator:
Denominator for basic calculation ............................ 1,354,118 1,274,240 1,192,775
Weighted average effect of Yahoo! Inc. dilutive securities:
Restricted stock and restricted stock units .................. 5,169 5,347 8,403
Stock options and employee stock purchase plan ............ 5,325 2,695 1,728
Denominator for diluted calculation ........................... 1,364,612 1,282,282 1,202,906
Net income attributable to Yahoo! Inc. common stockholders per
share—diluted .......................................... $ 0.90 $ 0.82 $ 3.28
Note 8 I
NVESTMENTS
I
N
E
QUITY
I
NTERESTS
As of December 31, investments in equity interests consisted of the following (dollars in thousands):
2011
2011
Percent
Ownership 2012
2012
Percent
Ownership
Alibaba Group ..................................... $2,521,825 42% $ 276,389 24%
Yahoo Japan ....................................... 2,219,946 35% 2,555,717 35%
Other ............................................. 7,273 35% 8,051 24%
Total ......................................... $4,749,044 $2,840,157
Equity Investment in Alibaba Group. On October 23, 2005, the Company acquired approximately 46 percent of
the outstanding common stock of the Alibaba Group, which represented approximately 40 percent on a fully
diluted basis, in exchange for $1.0 billion in cash, the contribution of the Company’s China-based businesses
(“Yahoo! China”), and direct transaction costs of $8 million. Another investor in Alibaba Group is Softbank
Corp., a Japanese corporation (“Softbank”). Alibaba Group is a privately-held company.
87