Yahoo 2015 Annual Report Download - page 137
Download and view the complete annual report
Please find page 137 of the 2015 Yahoo annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127 -
128 -
129 -
130 -
131 -
132 -
133 -
134 -
135 -
136 -
137 -
138 -
139 -
140 -
141 -
142 -
143 -
144 -
145 -
146 -
147 -
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
 |
 |
A summary of gross and net lease commitments as of December 31, 2015 was as follows (in millions):
Gross Operating
Lease Commitments
Sublease
Income
Net Operating
Lease Commitments
Years ending December 31,
2016
$121 $ (13) $108
2017
91 (11) 80
2018
63 (8) 55
2019
48 (6) 42
2020
35 (3) 32
Due after 5 years
104 (5) 99
Total gross and net lease commitments
$462 $ (46) $416
Capital
Lease Commitments
Years ending December 31,
2016
$15
2017
10
2018
9
2019
5
2020
—
Due after 5 years
—
Gross capital lease commitments
$39
Less: interest
6
Net capital lease commitments included in other accrued expenses and current
liabilities and other long-term liabilities
$33
Affiliate Commitments. The Company is obligated to make payments, which represent TAC, to its
Affiliates. As of December 31, 2015, these commitments totaled $1,539 million, of which $383 million
will be payable in 2016, $375 million will be payable in 2017, $375 million will be payable in 2018, $375
million will be payable in 2019, and $31 million will be payable in 2020.
Non-cancelable Obligations. The Company is obligated to make payments under various non-
cancelable arrangements with vendors and other business partners, principally for marketing,
bandwidth, co-location, and content arrangements. As of December 31, 2015, these commitments
totaled $136 million, of which $91 million will be payable in 2016, $25 million will be payable in 2017,
$18 million will be payable in 2018, $2 million will be payable in 2019, and less than $1 million will be
payable in 2020 and thereafter.
Intellectual Property Rights. The Company is committed to make certain payments under various
intellectual property arrangements of up to $16 million through 2023.
Construction Liabilities. The Company capitalizes construction in progress and records a
corresponding long-term liability for build-to-suit lease agreements where the Company is
considered as the owner during the construction period for accounting purposes. These liabilities
133