Yahoo 2015 Annual Report Download - page 115
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Property and Equipment, Net
As of December 31, property and equipment, net consisted of the following (in thousands):
2014 2015
Land
$ 215,740 $ 215,740
Buildings
780,688 840,083
Leasehold improvements(*)
210,876 252,985
Computers and equipment(*)
1,839,033 2,143,413
Capitalized software and labor
658,762 643,758
Furniture and fixtures
74,992 86,418
Assets not yet in use
125,555 83,164
3,905,646 4,265,561
Less: accumulated depreciation and amortization(*)
(2,417,962) (2,718,238)
Total property and equipment, net
$ 1,487,684 $ 1,547,323
(*) The Company recorded assets under capital leases, primarily for computers and equipment and
leasehold improvements, which had gross carrying values of $76 million and $82 million as of
December 31, 2014 and December 31, 2015, respectively. Accumulated amortization related to
these capital leases totaled $66 million and $75 million as of December 31, 2014 and
December 31, 2015, respectively.
Other Long-Term Assets and Investments
As of December 31, other long-term assets and investments consisted of the following (in thousands):
2014 2015
Deferred income taxes
$ 35,123 $ 21,745
Investments in privately-held companies
82,354 82,610
Hortonworks equity securities and warrants
202,091 163,084
Foreign currency forward and option contracts
80,280 183
Restricted cash(*)
3,818 —
Other
159,894 74,768
Total other long-term assets and investments
$563,560 $342,390
(*) The amount represents letters of credit secured with cash.
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