Yahoo 2012 Annual Report Download - page 96
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Deferred and other long-term tax liabilities, net
As of December 31, deferred and other long-term tax liabilities, net consisted of the following (in thousands):
2011 2012
Deferred income taxes ...................................................... $407,847 $ 11,310
Long-term liability for uncertain tax contingencies(*) ............................. 407,687 663,961
Total deferred and other long-term tax liabilities, net ......................... $815,534 $675,271
(*) Includes interest and penalties.
Accumulated other comprehensive income
As of December 31, the components of accumulated other comprehensive income were as follows (in
thousands):
2011 2012
Unrealized (losses) gains on available-for-sale securities, net of tax .................. $ (7,538) $ 9,121
Foreign currency translation, net of tax ........................................ 705,407 562,128
Accumulated other comprehensive income ................................. $697,869 $571,249
Noncontrolling interests
As of December 31, noncontrolling interests were as follows (in thousands):
2011 2012
Beginning noncontrolling interests ............................................. $38,281 $40,280
Distributions to noncontrolling interests ......................................... (11,843) —
Net income attributable to noncontrolling interests ................................. 13,842 5,123
Ending noncontrolling interests ............................................ $40,280 $45,403
Other income, net
Other income, net for 2010, 2011, and 2012 were as follows (in thousands):
Years Ended December 31,
2010 2011 2012
Interest and investment income ..................................... $ 23,062 $18,920 $ 41,673
Gain on sale of Zimbra, Inc. ....................................... 66,130 — —
Gain on sale of HotJobs .......................................... 186,345 — —
Gain related to sale of Alibaba Group Shares .......................... — — 4,603,322
Other ......................................................... 22,332 8,255 2,844
Total other income, net ....................................... $297,869 $27,175 $4,647,839
Interest and investment income consists of income earned from cash in bank accounts and investments made in
marketable debt securities, money market funds, and dividend income on the Alibaba Group Preference Shares.
In February 2010, the Company sold Zimbra, Inc. for net proceeds of $100 million and recorded a pre-tax gain of
$66 million. In August 2010, the Company sold HotJobs for net proceeds of $225 million and recorded a pre-tax
gain of $186 million.
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