Yahoo 2014 Annual Report Download - page 112
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Accumulated Other Comprehensive Income
As of December 31, the components of accumulated other comprehensive income were as follows (in
thousands):
2013 2014
Unrealized gains on available-for-sale securities, net of tax
$ 15,101 $22,086,371
Unrealized gains on cash flow hedges, net of tax
1,412 445
Foreign currency translation, net of tax(*)
301,876 (67,188)
Accumulated other comprehensive income
$318,389 $22,019,628
(*) The tax amounts disclosed on the statements of comprehensive income for 2012 and 2013 of $2
million and $20 million, respectively, for the foreign currency translation adjustments have been
revised from amounts previously reported, which was less than $1 million for both years to
include the tax impact of equity method investments.
Noncontrolling Interests
As of December 31, noncontrolling interests were as follows (in thousands):
2013 2014
Beginning balance of noncontrolling interests
$45,403 $ 55,688
Distributions to noncontrolling interests
— (22,344)
Net income attributable to noncontrolling interests
10,285 10,411
Ending balance of noncontrolling interests
$55,688 $ 43,755
Other Income, Net
Other income, net for 2012, 2013, and 2014 were as follows (in thousands):
Years Ended December 31,
2012 2013 2014
Interest, dividend, and investment income
$ 41,673 $ 57,544 $ 26,309
Interest expense
(9,297) (14,319) (68,851)
Gain related to the sale of Alibaba Group shares
4,603,322 — —
Gain on sale of Alibaba Group ADSs
— — 10,319,437
Gain on Hortonworks warrants
— — 98,062
Other income (expense), net
12,141 132 (5,518)
Total other income, net
$4,647,839 $ 43,357 $10,369,439
Interest, dividend, and investment income consists of income earned from cash in bank accounts,
investments made in marketable debt securities and money market funds, and dividend income on
the Alibaba Group Preference Shares prior to the redemption of such shares in May 2013.
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