Yahoo 2014 Annual Report Download - page 44
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Consolidated Balance Sheets Data:
December 31,
2010 2011 2012(1) 2013(2) 2014(3)
(In thousands)
Cash and cash equivalents
$ 1,526,427 $ 1,562,390 $ 2,667,778 $ 2,077,590 $ 2,667,916
Marketable securities
$ 2,102,255 $ 967,527 $ 3,354,600 $ 2,919,804 $ 7,558,304
Alibaba Group equity
securities
$ — $ — $ — $ — $39,867,789
Alibaba Group Preference
Shares
$ — $ — $ 816,261 $ — $ —
Working capital
$ 2,719,676 $ 2,245,175 $ 4,362,481 $ 3,685,545 $ 5,170,526
Investments in equity
interests
$ 4,011,889 $ 4,749,044 $ 2,840,157 $ 3,426,347 $ 2,489,578
Total assets
$14,928,104 $14,782,786 $17,103,253 $16,804,959 $61,960,344
Income taxes payable
related to the sale of
Alibaba Group ADSs
$ — $ — $ — $ — $ 3,282,293
Long-term deferred tax
liabilities related to
Alibaba Group equity
securities
$ — $ — $ — $ — $16,154,906
Long-term liabilities
$ 705,822 $ 994,078 $ 1,207,418 $ 2,334,050 $ 2,491,265
Total Yahoo! Inc.
stockholders’ equity
$12,558,129 $12,541,067 $14,560,200 $13,074,909 $38,785,592
(1) During the year ended December 31, 2012, we received $13.54 per Share, or approximately $7.1
billion in total consideration, for the 523 million Alibaba Group shares we sold back to Alibaba
Group. Approximately $6.3 billion of the consideration was received in cash and $800 million
was received in Alibaba Group Preference Shares. We paid cash taxes of $2.3 billion related to
the transaction. See Note 8—“Investments in Equity Interests Accounted for Using the Equity
Method of Accounting” in the Notes to our consolidated financial statements for additional
information.
(2) During the year ended December 31, 2013, we received net proceeds of $1.4 billion from the
issuance of the $1.4375 billion of 0.00% Convertible Notes due 2018 (the “Notes”) issued in
November 2013. See Note 11—“Convertible Notes” in the Notes to our consolidated financial
statements for additional information.
(3) During the year ended December 31, 2014, we received net proceeds of $9.4 billion from the
sale of Alibaba Group ADSs in Alibaba Group’s IPO. As a result of the IPO, we no longer account
for Alibaba Group using the equity method of accounting, and reflect our remaining investment
as an equity security rather than in investments in equity interests. See Note 3—“Consolidated
Financial Statement Details” and Note 8—“Investments in Equity Interests Accounted for Using
the Equity Method of Accounting” in the Notes to our consolidated financial statements for
additional information.
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