Yahoo 2015 Annual Report Download - page 156
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Please find page 156 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.-
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place during the year ended December 31, 2014. Any taxes assessed and paid in China are expected
to be ultimately offset and recovered in the U.S. through the use of foreign tax credits.
Tax authorities from the Brazilian State of Sao Paulo have assessed certain indirect taxes against the
Company’s Brazilian subsidiary, Yahoo! do Brasil Internet Ltda., related to online advertising services.
The assessment is for calendar years 2008 through 2011 and as of December 31, 2015 totals
approximately $92 million. The Company currently believes the assessment is without merit. The
Company believes the risk of loss is remote and has not recorded an accrual for the assessment.
Note 17 Transactions With Related Parties
Revenue from related parties, excluding Yahoo Japan, represented approximately 1 percent of total
revenue for the years ended December 31, 2013, 2014, and 2015. Management believes that the terms
of the agreements with these related parties are comparable to the terms obtained in arm’s-length
transactions with unrelated similarly situated customers of the Company.
See Note 8—“Investments in Equity Interests Accounted for Using the Equity Method of Accounting”
for additional information related to transactions involving Yahoo Japan.
Note 18 Segments
The Company continues to manage its business geographically. The primary areas of measurement
and decision-making are Americas, EMEA (Europe, Middle East, and Africa), and Asia Pacific.
Management relies on an internal reporting process that provides revenue, revenue ex-TAC (which is
defined as revenue less cost of revenue—TAC), direct costs excluding TAC by segment, and
consolidated income (loss) from operations for making decisions related to the evaluation of the
financial performance of, and allocating resources to, the Company’s segments.
152