Yahoo 2013 Annual Report Download - page 39

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Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations
Forward-Looking Statements
In addition to current and historical information, this Annual Report on Form 10-K contains forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements relate to
our future operations, prospects, potential products, services, developments, and business strategies. These
statements can, in some cases, be identified by the use of terms such as “may,” “will,” “should,” “could,”
“would,” “intend,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,” “potential,”
or “continue,” the negative of such terms, or other comparable terminology. This Annual Report on
Form 10-K includes, among others, forward-looking statements regarding our:
• expectations about revenue, including display, search, and other revenue;
• expectations about growth in users;
• expectations about changes in our earnings in equity interests;
• expectations about changes in operating expenses;
• anticipated capital expenditures;
• expectations about our share repurchase activity;
• expectations about the financial and operational impacts of our Search Agreement with Microsoft;
• impact of recent acquisitions on our business and evaluation of, and expectations for, possible acquisitions of,
or investments in, businesses, products, intangible assets and technologies;
• expectations about the growth of, and the opportunities for monetization in, the mobile industry;
• projections and estimates with respect to our restructuring activities and changes to our organizational
structure;
• expectations about the amount of unrecognized tax benefits, the outcome of tax assessment appeals, the
adequacy of our existing tax reserves, future tax expenditures, and tax rates;
• expectations about positive cash flow generation and existing cash, cash equivalents, and investments being
sufficient to meet normal operating requirements; and
• expectations regarding the outcome of legal proceedings in which we are involved, including the outcome of
our efforts to sustain the reversal of judgment entered against us and one of our subsidiaries in a proceeding in
Mexico.
These statements involve certain known and unknown risks and uncertainties that could cause our actual results
to differ materially from those expressed or implied in our forward-looking statements. You are urged to
carefully review the disclosures made concerning risks and uncertainties that may affect our business or
operating results, which include, among others, those listed in Part 1, Item 1A “Risk Factors” of this Annual
Report on Form 10-K. We do not intend, and undertake no obligation, to update or revise any of our forward-
looking statements after the date of this Annual Report on Form 10-K to reflect new information, actual results
or future events or circumstances.
Overview
Yahoo! Inc., together with its consolidated subsidiaries (“Yahoo,” the “Company,” “we,” or “us”) is a global
technology company focused on making the world’s daily habits inspiring and entertaining. Our mission is
driven by our commitment to creating highly personalized experiences that reach our users wherever they might
be—on their mobile phone, tablet or desktop. Our more than 800 million monthly users connect to the things that
matter most to them with beautiful, engaging experiences across Search, Communications, Digital Magazines
and Video—some of which will be powered by Flickr and Tumblr.
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