Yahoo 2015 Annual Report Download - page 62
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For the year ended December 31, 2015, we sold certain patents and recorded a gain on sales of
patents of approximately $11 million.
For the year ended December 31, 2014, we sold certain patents and recorded a gain on sales of
patents of approximately $98 million. The gain on sales of patents include patents sold to a wholly-
owned affiliate of Alibaba Group for a gain on sale of $24 million and patents sold to Yahoo Japan for
a gain on sale of $12 million.
For the year ended December 31, 2013, we sold certain patents and recorded a gain on sales of
patents of approximately $80 million. The gain on sales of patents was primarily related to a patent
sale agreement with a wholly-owned affiliate of Alibaba Group entered into during 2013 for $70
million.
See Note 4—“Acquisitions and Dispositions” in the Notes to our consolidated financial statements for
additional information.
Asset Impairment Charge
The following table presents asset impairment charge and those charges as a percentage of revenue
for the periods presented (dollars in thousands):
Years Ended December 31,
2013 2014 2015
Asset impairment charge
$ — $ — $ 44,381
Asset impairment charge as a percentage of revenue
0% 0% 1%
During the year ended December 31, 2015, we recorded an asset impairment charge of $16 million
related to originally developed content equal to the amount by which the unamortized cost of the
originally developed content exceeded its estimated fair value and $28 million for acquired content
equal to the amount by which the unamortized cost of the acquired content exceeded its net
realizable value.
Goodwill Impairment Charge
The following table presents goodwill impairment charge and those charges as a percentage of
revenue for the periods presented (dollars in thousands):
Years Ended December 31,
2013 2014 2015
Goodwill impairment charge
$ 63,555 $ 88,414 $4,460,837
Goodwill impairment charge as a percentage of revenue
1% 2% 90%
During 2015, we recorded a $4,461 million goodwill impairment charge. The impairments were a result
of a combination of factors, including a sustained decrease in our market capitalization in the fourth
quarter of 2015 and lower estimated projected revenue and profitability in the near term. We
concluded that the carrying value of our U.S. & Canada, Europe, Tumblr, and Latin America reporting
units exceeded their respective estimated fair values and recorded a goodwill impairment charge of
approximately $3,692 million, $531 million, $230 million and $8 million, respectively.
58