Yahoo 2013 Annual Report Download - page 125
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As of December 31, restructuring accruals by segment consisted of the following (in thousands):
2012 2013
Americas .................................................................. $42,689 $18,078
EMEA .................................................................... 18,144 11,284
Asia Pacific ................................................................ 12,034 734
Total restructuring accruals ................................................ $72,867 $30,096
Note 16 I
NCOME
T
AXES
The components of income before income taxes and earnings in equity interests are as follows (in thousands):
Years Ended December 31,
2011 2012 2013
United States .................................................. $533,262 $5,056,643 $538,824
Foreign ...................................................... 294,254 157,564 94,459
Income before income taxes and earnings in equity interests ......... $827,516 $5,214,207 $633,283
The provision for income taxes is composed of the following (in thousands):
Years Ended December 31,
2011 2012 2013
Current:
United States federal ........................................ $141,922 $2,278,759 $138,032
State ..................................................... (11,037) 361,788 49,872
Foreign .................................................. 40,490 68,816 49,790
Total current provision for income taxes .................... 171,375 2,709,363 237,694
Deferred:
United States federal ........................................ 77,012 (741,628) (63,166)
State ..................................................... (4,437) (29,470) (22,498)
Foreign .................................................. (2,183) 1,778 1,362
Total deferred provision (benefit) for income taxes ............ 70,392 (769,320) (84,302)
Provision for income taxes ................................... $241,767 $1,940,043 $153,392
The provision for income taxes differs from the amount computed by applying the federal statutory income tax
rate to income before income taxes and earnings in equity interests as follows (in thousands):
Years Ended December 31,
2011 2012 2013
Income tax at the U.S. federal statutory rate of 35 percent ............... $289,630 $1,824,973 $221,648
State income taxes, net of federal benefit ............................ 4,627 237,637 23,000
Stock-based compensation expense ................................ 20,021 19,946 16,015
Research tax credits ............................................. (10,499) — (18,036)
Effect of non-U.S. operations ..................................... (49,781) (138,078) (47,968)
Settlement with tax authorities .................................... (14,685) (4,711) (46,943)
Remeasurement of prior year tax positions ........................... — — (24,246)
Acquisition related non-deductible expenses ......................... — 1,894 9,296
Goodwill impairment charge ...................................... — — 22,244
Other ........................................................ 2,454 (1,618) (1,618)
Provision for income taxes ................................... $241,767 $1,940,043 $153,392
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