Yahoo 2012 Annual Report Download - page 124

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December 31,
2011 2012
Property and equipment, net:
Americas:
U.S. ......................................................... $1,486,596 $1,483,225
Other. ........................................................ 2,500 1,869
Total Americas ............................................ $1,489,096 $1,485,094
EMEA ........................................................... 79,955 59,416
Asia Pacific ....................................................... 161,837 141,335
Total property and equipment, net ............................. $1,730,888 $1,685,845
See also Note 5—“Goodwill” and Note 14—“Restructuring Charges, Net” for additional information regarding
segments.
Enterprise Wide Disclosures:
The following table presents revenue for groups of similar services (in thousands):
Years Ended December 31,
2010 2011 2012
Display ................................................... $2,154,886 $2,160,309 $2,142,818
Search .................................................... 3,161,589 1,853,110 1,885,860
Other ..................................................... 1,008,176 970,780 957,888
Total revenue ........................................... $6,324,651 $4,984,199 $4,986,566
Years Ended December 31,
2010 2011 2012
Revenue:
U.S. ...................................................... $4,259,157 $3,112,998 $3,294,206
International ............................................... 2,065,494 1,871,201 1,692,360
Total revenue ........................................... $6,324,651 $4,984,199 $4,986,566
Revenue is attributed to individual countries according to the online property that generated the revenue. No
single foreign country was material to revenue in 2010, 2011, and 2012, respectively.
Note 18 S
EARCH
A
GREEMENT
W
ITH
M
ICROSOFT
C
ORPORATION
On December 4, 2009, the Company entered into the Search Agreement with Microsoft, which provides for
Microsoft to be the exclusive algorithmic and paid search services provider on Yahoo! Properties and non-
exclusive provider of such services on Affiliate sites. The Company also entered into a License Agreement with
Microsoft. Under the License Agreement, Microsoft acquired an exclusive 10-year license to the Company’s core
search technology and will have the ability to integrate this technology into its existing Web search platforms.
The Company received regulatory clearance from both the U.S. Department of Justice and the European
Commission on February 18, 2010 and commenced implementation of the Search Agreement on February 23,
2010. Under the Search Agreement, the Company will be the exclusive worldwide relationship sales force for
both companies’ premium search advertisers, which include advertisers meeting certain spending or other
criteria, advertising agencies that specialize in or offer search engine marketing services and their clients, and
resellers and their clients seeking assistance with their paid search accounts. The term of the Search Agreement is
10 years from February 23, 2010, subject to earlier termination as provided in the Search Agreement.
110