Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Yahoo! Inc., consolidated balance sheet: assets

US$ in thousands

	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013	Dec 31, 2012
Cash and cash equivalents	1,119,469)	1,631,911)	2,667,916)	2,077,590)	2,667,778)
Short-term marketable securities	5,700,925)	4,225,112)	5,327,412)	1,330,304)	1,516,175)
Accounts receivable, net of allowance	1,084,267)	1,047,504)	1,032,704)	979,559)	1,008,448)
Prepaid expenses	73,671)	87,843)	132,306)	103,100)	74,268)
Deferred income taxes	—)	—)	253,297)	218,486)	249,936)
Foreign currency forward and option contract assets	11,684)	84,136)	122,648)	214,041)	5,008)
Other receivables non-trade	33,519)	167,198)	83,464)	37,404)	36,740)
Restricted cash	55,168)	29,678)	23,088)	—)	—)
Income tax receivables	35,059)	220,996)	44,998)	—)	—)
Other	12,398)	12,941)	11,274)	65,373)	94,360)
Prepaid expenses and other current assets	221,499)	602,792)	671,075)	638,404)	460,312)
Current assets	8,126,160)	7,507,319)	9,699,107)	5,025,857)	5,652,713)
Long-term marketable securities	1,089,707)	975,961)	2,230,892)	1,589,500)	1,838,425)
Alibaba Group Preference Shares	—)	—)	—)	—)	816,261)
Property and equipment, net	1,209,937)	1,547,323)	1,487,684)	1,488,518)	1,685,845)
Goodwill	415,809)	808,114)	5,163,654)	4,679,648)	3,826,749)
Intangible assets, net	161,644)	347,269)	470,842)	417,808)	153,973)
Deferred income taxes	18,228)	21,745)	26,179)	23,222)	139,183)
Investments in privately-held companies	82,780)	82,610)	82,354)	25,077)	27,022)
Hortonworks equity securities and warrants	60,774)	163,084)	202,091)	—)	—)
Foreign currency forward and option contracts	—)	183)	80,280)	—)	—)
Other	44,277)	74,768)	159,894)	128,982)	122,925)
Other long-term assets and investments	206,059)	342,390)	550,798)	177,281)	289,130)
Investment in Alibaba Group	33,680,879)	31,172,361)	39,867,789)	—)	—)
Investments in equity interests	3,192,884)	2,503,229)	2,489,578)	3,426,347)	2,840,157)
Noncurrent assets	39,956,919)	37,696,647)	52,261,237)	11,779,102)	11,450,540)
Total assets	48,083,079)	45,203,966)	61,960,344)	16,804,959)	17,103,253)

Based on: 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31).

Cash and cash equivalents: The cash and cash equivalents showed a declining trend over the five-year period, starting from approximately 2.67 billion USD in 2012 and dropping steadily to about 1.12 billion USD in 2016. This consistent decrease indicates a reduction in immediately available cash resources.
Short-term marketable securities: Short-term marketable securities experienced a significant rise, particularly between 2013 and 2014, jumping from around 1.33 billion USD to over 5.32 billion USD. After a slight decrease in 2015, they increased again in 2016 to approximately 5.70 billion USD, reflecting a strategic shift toward liquid investments.
Accounts receivable, net of allowance: Accounts receivable remained relatively stable with a slight upward trend, increasing from about 1.01 billion USD in 2012 to approximately 1.08 billion USD in 2016, suggesting consistent revenue collection activity.
Prepaid expenses: Prepaid expenses increased from roughly 74 million USD in 2012 to a peak of around 132 million USD in 2014 but declined thereafter to about 74 million USD in 2016, signaling fluctuating advance payments or service costs.
Deferred income taxes (current): Deferred income taxes reported in current assets decreased over the years, and data were missing after 2014, implying changes in tax planning or recognition.
Foreign currency forward and option contract assets (current): Assets related to foreign currency forward and option contracts saw a substantial increase in 2013, followed by a steady decline through 2016, ending at a notably low value, suggesting reduced exposure or activity in currency derivatives.
Other receivables non-trade: Other non-trade receivables showed an overall increase, peaking dramatically in 2015 at about 167 million USD before dropping in 2016 to 33.5 million USD, indicating variable non-trade financial transactions or settlements.
Restricted cash: Restricted cash emerged in 2014 and grew steadily, reaching over 55 million USD by 2016, indicating funds reserved for specific purposes or obligations.
Income tax receivables: Income tax receivables appeared in 2014 with nearly 45 million USD, dramatically increased to approximately 221 million USD in 2015, then decreased sharply in 2016 to around 35 million USD, reflecting timing and adjustments in tax refunds or payments.
Prepaid expenses and other current assets: This item rose significantly from about 460 million USD in 2012 to over 671 million USD in 2014, then decreased to approximately 221 million USD in 2016, suggesting variability in miscellaneous current assets and prepaid costs.
Current assets (total): Current assets peaked in 2014 at nearly 9.70 billion USD, a marked increase from prior years, then dropped sharply in 2015 to about 7.51 billion USD and slightly recovered in 2016 to about 8.13 billion USD. This reflects considerable volatility in liquidity and short-term asset composition.
Long-term marketable securities: Long-term marketable securities declined from approximately 1.84 billion USD in 2012 to under 1.10 billion USD in 2016, with a notable decrease after 2014, indicating divestitures or maturities in long-term investments.
Alibaba Group Preference Shares: These shares were held only in 2012 at approximately 816 million USD, with no recorded values in subsequent years, indicating a sale or reclassification.
Property and equipment, net: Net property and equipment values decreased overall from about 1.69 billion USD in 2012 to around 1.21 billion USD in 2016. The decline suggests depreciation, asset disposals, or impairments outweighing acquisitions.
Goodwill: Goodwill rose strongly from nearly 3.83 billion USD in 2012, peaking at over 5.16 billion USD in 2014, then dropping drastically in 2015 and 2016 to below 0.42 billion USD. This points to significant impairments or disposals of acquired goodwill during those final years.
Intangible assets, net: Intangible assets displayed large fluctuations, increasing sharply between 2012 and 2014, then substantially decreasing through 2016, ending near 162 million USD. This trend parallels goodwill changes and suggests asset impairments or amortization.
Deferred income taxes (noncurrent): Noncurrent deferred income taxes showed a downward trend, starting from approximately 139 million USD in 2012 and declining steadily to about 18 million USD in 2016, reflecting changes in deferred tax liabilities or asset recognition.
Investments in privately-held companies: These investments increased moderately over the period, from roughly 27 million USD in 2012 to around 83 million USD in 2016, indicating gradual expansion in private equity holdings.
Hortonworks equity securities and warrants: Reported beginning in 2014, the value of these securities decreased significantly by 2016, suggesting partial divestiture or valuation write-downs.
Foreign currency forward and option contracts (noncurrent): Noncurrent derivatives appeared starting in 2014 with moderate values but declined sharply in the following years, reflecting reduced currency hedging activity.
Other long-term assets and investments: Other long-term assets showed an irregular pattern, peaking in 2014 at over 550 million USD, then declining steadily to about 206 million USD in 2016.
Investment in Alibaba Group: This investment was introduced in 2014 with a substantial value of nearly 39.87 billion USD, followed by a slight decrease in 2015 and a modest increase in 2016. This category represents a major asset concentration with some valuation volatility.
Investments in equity interests: Investments in equity interests fluctuated but generally trended upward, ending at approximately 3.19 billion USD in 2016, indicating growing stakes or appreciation of holdings.
Noncurrent assets (total): Noncurrent assets surged dramatically in 2014 due to significant investments, especially in Alibaba Group shares, then decreased significantly in 2015 before stabilizing somewhat in 2016 at around 40 billion USD. This reflects sizable restructuring of long-term holdings.
Total assets: Total assets followed a similar pattern as noncurrent assets, rising steeply to over 61.96 billion USD in 2014, then declining to roughly 48.08 billion USD by 2016. The fluctuations are largely driven by major investments and their subsequent adjustments or disposals.

Assets: Selected Items

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Yahoo! Inc. (NASDAQ:YHOO)

Balance Sheet: Assets

Assets: Selected Items

Current Assets: Selected Items