The statement of cash flows for Yahoo! are as follows: Yahoo! Inc. Consolidated Statements of cash flow Year ended December 31, ($ thousand) Year 8 Year 7 Year 6 ($) ($). ($) Cash flow from operating activities Net income(loss) 25,588 (25,520) 6,472 Adjustment to reconcile net income (loss) to net cash provided by (used in) operating activities Depreciation and amortization Tax benefit from stock options 10,215 2,737 639 17,827 Non-cash charges related to stock option grants and warrant issuances 926 1,676 197 Minority interest in operation of consolidated subsidiaries (68) (727) (540) 17,300 Purchased in process research and development Other on cash charge 21,245 Changes in assets and liabilities Account receivables, net (13,616) 2,144 5,963 4,269 Prepaid expenses Account payable (6,110) 2,425 (386) 1,386 515 Accrued expenses and other current liabilities deferred revenue 4,393 1,665 948 7,404 16,688 33,210 (451) 2,983 Due to related parties 330 Net cash provided by (used in) operating system 110,278 480 (2,394)
The statement of cash flows for Yahoo! are as follows: Yahoo! Inc. Consolidated Statements of cash flow Year ended December 31, ($ thousand) Year 8 Year 7 Year 6 ($) ($). ($) Cash flow from operating activities Net income(loss) 25,588 (25,520) 6,472 Adjustment to reconcile net income (loss) to net cash provided by (used in) operating activities Depreciation and amortization Tax benefit from stock options 10,215 2,737 639 17,827 Non-cash charges related to stock option grants and warrant issuances 926 1,676 197 Minority interest in operation of consolidated subsidiaries (68) (727) (540) 17,300 Purchased in process research and development Other on cash charge 21,245 Changes in assets and liabilities Account receivables, net (13,616) 2,144 5,963 4,269 Prepaid expenses Account payable (6,110) 2,425 (386) 1,386 515 Accrued expenses and other current liabilities deferred revenue 4,393 1,665 948 7,404 16,688 33,210 (451) 2,983 Due to related parties 330 Net cash provided by (used in) operating system 110,278 480 (2,394)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
a) Yahoo! Engages in purchases and sales of marketable securities. Why do you believe Yahoo! pursue this activity? EXPLAIN BRIELFY.
Yahoo! reports $33.21 million of deferred revenue. Based on your understanding of Yahoo!’s operation, what do you believe this amount represents. EXPLAIN BRIEFLY.
Transcribed Image Text:The statement of cash flows for Yahoo! are as follows:
Yahoo! Inc.
Consolidated Statements of cash flow
Year ended December 31,
($ thousand)
Year 8
Year 7
Year 6
($)
($)
($)
Cash flow from operating activities
Net income(loss)
25,588
(25,520)
6,472
Adjustment to reconcile net income (loss) to net
cash
provided by (used in) operating activities
Depreciation and amortization
Tax benefit from stock options
10,215
17,827
2,737
639
Non-cash charges related
and warrant issuances
stock option grants
926
1,676
197
(68)
Minority interest in operation of consolidated
subsidiaries
(727)
(540)
Purchased in process research and development
Other on cash charge
17,300
21,245
Changes in assets and liabilities
Account receivables, net
(13,616)
5,963
4,269
Prepaid expenses
Account payable
(6,110)
2,425
(386)
1,386
2,144
515
7,404
2,983
Accrued expenses and other current liabilities
4,393
16,688
33,210
deferred revenue
1,665
Due to related parties
(451)
330
948
Net cash provided by (used in) operating system
110,278
480
(2,394)
Transcribed Image Text:Cash flow from investing activities
Acquisition of property and equipment
(11,911)
199
(6,722)
(3,442)
cash acquired in acquisitions
Purchase of marketable securities
(471,135)
(115,247)
43,240
(58,753)
Proceeds from sales and maturities of marketable
158,350
86,678
securities
(1,649)
19,554
(729)
(76,178)
Others investment
(5,445)
(329,942)
Net cash provided by (used in) investing activities
Cash flow from financing activities
Proceeds from issuance of common stock, net
280,679
7,516
42,484
63,750
Proceeds from issuance of convertible preferred
stock
Proceeds from minority investors
600
999
1,050
Other
1,106
128
281,279
Net cash provided by financing activities
Effect of exchange rate changes on cash and
cash equivalent
Net change in cash and cash equivalents
cash and cash equivalents at beginning of year
cash and cash equivalents at end of year
9,621
107,156
288
(380)
(63)
61,903
29,275
28,521
63,571
34,296
5,775
125,474
63,571
34,296
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