Yahoo 2014 Annual Report Download - page 53

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Our results reflect search operating cost reimbursements from Microsoft under the Search
Agreement of $67 million, $49 million, and less than $1 million for the years ended December 31, 2012,
2013, and 2014, respectively.
As of February 23, 2015, for a period of 30 days following such date, in addition to other termination
rights, the Company has the right to terminate the Search Agreement if the trailing 12-month average
of the Company’s revenue per search in the United States (the “U.S. RPS”) on Yahoo Properties is less
than a specified percentage of Google’s trailing 12-month estimated average U.S. RPS, excluding, in
each case, mobile devices.
See Note 19—“Search Agreement with Microsoft Corporation” in the Notes to our consolidated
financial statements for additional information.
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