Yahoo 2014 Annual Report Download - page 42

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Item 6. Selected Financial Data
The following selected consolidated financial data should be read in conjunction with the
consolidated financial statements and notes thereto and “Management’s Discussion and Analysis of
Financial Condition and Results of Operations” appearing elsewhere in this Annual Report on Form
10-K. The consolidated statements of income data and the consolidated balance sheets data for the
years ended, and as of, December 31, 2010, 2011, 2012, 2013, and 2014 are derived from our audited
consolidated financial statements.
Consolidated Statements of Income Data:
Years Ended December 31,
2010(3) 2011(4) 2012(5) 2013(6) 2014(7)
(in thousands, except per share amounts)
Revenue
$6,324,651 $4,984,199 $ 4,986,566 $4,680,380 $ 4,618,133
Total operating expenses
$5,552,127 $4,183,858 $ 4,420,198 $4,090,454 $ 4,475,191
Income from operations(1)
$ 772,524 $ 800,341 $ 566,368 $ 589,926 $ 142,942
Other income, net(2)
$ 297,869 $ 27,175 $ 4,647,839 $ 43,357 $10,369,439
Provision for income taxes
$ (221,523) $ (241,767) $(1,940,043) $ (153,392) $ (4,038,102)
Earnings in equity interests
$ 395,758 $ 476,920 $ 676,438 $ 896,675 $ 1,057,863
Net income attributable to
Yahoo! Inc.
$1,231,663 $1,048,827 $ 3,945,479 $1,366,281 $ 7,521,731
Net income attributable to
Yahoo! Inc. common
stockholders per share—basic
$ 0.91 $ 0.82 $ 3.31 $ 1.30 $ 7.61
Net income attributable to
Yahoo! Inc. common
stockholders per share—diluted
$ 0.90 $ 0.82 $ 3.28 $ 1.26 $ 7.45
Shares used in per share
calculation—basic
1,354,118 1,274,240 1,192,775 1,052,705 987,819
Shares used in per share
calculation—diluted
1,364,612 1,282,282 1,202,906 1,070,811 1,004,108
(1) Includes:
Stock-based
compensation expense
$ 223,478 $ 203,958 $ 224,365 $ 278,220 $ 420,174
Restructuring charges, net
$ 57,957 $ 24,420 $ 236,170 $ 3,766 $ 103,450
(2) Includes:
Gain on sale of Alibaba
Group shares
$ — $ — $ 4,603,322 $ — $ —
Gain on sale of Alibaba
Group ADSs
$ — $ — $ — $ — $10,319,437
(3) Our net income attributable to Yahoo! Inc. for the year ended December 31, 2010 included a
pre-tax gain of $66 million in connection with the sale of Zimbra, Inc. and a pre-tax gain on the
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