Yahoo 2015 Annual Report Download - page 129

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The following table sets forth the computation of basic and diluted net income (loss) per share (in
thousands, except per share amounts):
Years Ended December 31,
2013 2014 2015
Basic:
Numerator:
Net income (loss) attributable to Yahoo! Inc.
$1,366,281 $7,521,731 $(4,359,082)
Less: Net income allocated to participating securities
(28) (68) —
Net income (loss) attributable to Yahoo! Inc. common
stockholders—basic
$1,366,253 $7,521,663 $(4,359,082)
Denominator:
Weighted average common shares
1,052,705 987,819 939,141
Net income (loss) attributable to Yahoo! Inc. common stockholders
per share—basic
$ 1.30 $ 7.61 $ (4.64)
Diluted:
Numerator:
Net income (loss) attributable to Yahoo! Inc.
$1,366,281 $7,521,731 $(4,359,082)
Less: Net income allocated to participating securities
(28) (67) —
Less: Effect of dilutive securities issued by equity investees
(16,656) (43,689) —
Net income (loss) attributable to Yahoo! Inc. common stockholders—
diluted
$1,349,597 $7,477,975 $(4,359,082)
Denominator:
Denominator for basic calculation
1,052,705 987,819 939,141
Weighted average effect of Yahoo! Inc. dilutive securities:
Restricted stock units
14,097 12,365 —
Stock options and employee stock purchase plan(*)
4,009 3,924 —
Denominator for diluted calculation
1,070,811 1,004,108 939,141
Net income (loss) attributable to Yahoo! Inc. common stockholders
per share—diluted
$ 1.26 $ 7.45 $ (4.64)
(*) At the beginning of the first quarter of 2015, the Company discontinued the offering of the
Employee Stock Purchase Plan to its employees. See Note 14—“Employee Benefits” for
additional information.
Note 8 Investments In Equity Interests Accounted For Using
The Equity Method Of Accounting
The following table summarizes the Company’s investments in equity interests using the equity
method of accounting as of December 31, 2014 and 2015 (dollars in thousands):
December 31,
2014
Percent
Ownership
December 31,
2015
Percent
Ownership
Yahoo Japan
$2,482,660 35.5% $2,496,657 35.5%
Other
6,918 20% 6,572 20%
Total
$2,489,578 $2,503,229
125