Yahoo 2015 Annual Report Download - page 118

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During the year ended December 31, 2014, the Company recorded a gain of $57 million upon the
initial public offering of Hortonworks and a $41 million gain related to the mark to market of the
warrants as of December 31, 2014, which were included within other income (expense), net in the
consolidated statements of operations. During the year ended December 31, 2015, the Company
recorded a loss of $19 million related to the mark to market of the respective warrants as of
December 31, 2015, which was included within other income (expense), net in the Company’s
consolidated statements of operations. Changes in the estimated fair value of the Hortonworks
warrants will be recorded through other income (expense), net in the Company’s consolidated
statements of operations. See Note 2—“Marketable Securities, Investments and Fair Value
Disclosures” for additional information.
Foreign exchange losses consists of foreign exchange gains and losses due to re-measurement of
monetary assets and liabilities denominated in non-functional currencies, and unrealized and realized
foreign currency transaction gains and losses, including gains and losses related to balance sheet
hedges.
Other consists of gains from other non-operational items.
Reclassifications Out of Accumulated Other Comprehensive Income
Reclassifications out of accumulated other comprehensive income for the period ended December 31,
2013 were as follows (in thousands):
Amount
Reclassified from
Accumulated
Other
Comprehensive
Income
Affected Line Item in the
Statement of Income
Realized gains on cash flow hedges, net of tax
$(2,080) Revenue
Realized gains on available-for-sale securities, net
of tax
(796) Other income (expense), net
Total reclassifications for the period
$(2,876)
Reclassifications out of accumulated other comprehensive income for the period ended December 31,
2014 were as follows (in thousands):
Amount
Reclassified from
Accumulated
Other
Comprehensive
Income
Affected Line Item in the
Statement of Income
Realized gains on cash flow hedges, net of tax
$ (5,259) Revenue
Realized gains on available-for-sale securities, net
of tax
(2,218) Other income (expense), net
Foreign currency translation adjustments (“CTA”):
Disposal of a portion of the investment in
Alibaba Group, net of $30 million in tax
(50,301) Other income (expense), net
Total reclassifications for the period
$(57,778)
114