Yahoo 2014 Annual Report Download - page 94

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Yahoo! Inc.
Consolidated Statements of Cash Flows
Years Ended December 31,
2012 2013 2014
(in thousands)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income
$ 3,950,602 $1,376,566 $ 7,532,142
Adjustments to reconcile net income to net cash (used
in) provided by operating activities:
Depreciation
549,235 532,485 475,031
Amortization of intangible assets
105,366 96,518 131,537
Accretion of convertible notes discount
— 4,846 59,838
Stock-based compensation expense
220,936 278,220 420,174
Non-cash restructuring charges (reversals)
109,896 547 (3,394)
(Gains) losses from sales of investments, assets, and
other, net
(11,840) 22,397 35,473
Gain on sale of Alibaba Group shares
(4,603,322) — —
Gain on sale of Alibaba Group ADSs
— — (10,319,437)
Gains on sales of patents
— (79,950) (97,894)
Gain on Hortonworks warrants
— — (98,062)
Goodwill impairment charge
— 63,555 88,414
Earnings in equity interests
(676,438) (896,675) (1,057,863)
Dividend income related to Alibaba Group
Preference Shares
(20,000) (35,726) —
Tax (detriments) benefits from stock-based awards
(31,440) 49,061 145,711
Excess tax benefits from stock-based awards
(35,844) (64,407) (149,582)
Deferred income taxes
(769,320) (84,302) 465,873
Dividends received from equity investees
83,648 135,058 83,685
Changes in assets and liabilities, net of effects of
acquisitions:
Accounts receivable
34,752 26,199 29,278
Prepaid expenses and other
78,529 27,401 (78,601)
Accounts payable
12,747 (7,764) 14,165
Accrued expenses and other liabilities
255,799 (98,853) 132,839
Income taxes payable related to sale of Alibaba
Group ADSs
— — 3,282,293
Deferred revenue
465,140 (149,929) (194,920)
Net cash (used in) provided by operating activities
(281,554) 1,195,247 896,700
The accompanying notes are an integral part of these consolidated financial statements.
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