Stock Analysis on Net
Stock Analysis on Net

Yahoo! Inc. (NASDAQ:YHOO)

$22.49

This company has been moved to the archive! The financial data has not been updated since May 9, 2017.

Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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Yahoo! Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in thousands

Microsoft Excel
Dec 31, 2016 Dec 31, 2015 Dec 31, 2014 Dec 31, 2013 Dec 31, 2012
Accounts payable
Income taxes payable related to sale of Alibaba Group ADSs
Accrued content, connection, traffic acquisition, and other costs
Deferred income taxes
Accrued compensation and related expenses
Income taxes payable
Accrued professional service expenses
Accrued sales and marketing related expenses
Accrued restructuring costs
Current liability for uncertain tax contingencies
Other
Other accrued expenses and current liabilities
Deferred revenue
Current liabilities
Convertible notes
Long-term deferred revenue
Net lease obligations
Other long-term liabilities
Capital lease and other long-term liabilities
Deferred tax liabilities related to investment in Alibaba Group
Deferred and other long-term tax liabilities
Noncurrent liabilities
Total liabilities
Preferred stock, $0.001 par value; none issued or outstanding
Common stock, $0.001 par value
Additional paid-in capital
Treasury stock at cost
Retained earnings
Accumulated other comprehensive income
Total Yahoo! Inc. stockholders’ equity
Noncontrolling interests
Total equity
Total liabilities and equity

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).

Accounts payable
The accounts payable decreased from $184.8 million in 2012 to $138.0 million in 2013, then sharply increased to $238.0 million in 2014 before declining in subsequent years to $171.5 million by 2016. This pattern suggests volatility in short-term obligations to suppliers over the period.
Income taxes payable related to sale of Alibaba Group ADSs
This liability was only recorded in 2014 at a substantial amount of approximately $3.28 billion, reflecting a one-time tax obligation linked to the transaction, with no related balances before or after that year.
Accrued content, connection, traffic acquisition, and other costs
There was a consistent upward trend, nearly doubling from $117.0 million in 2012 to over $400.2 million by 2016, indicative of increased accrued expenses related to content and traffic acquisition activities.
Deferred income taxes
Values fluctuated, with a negative figure in 2013 and a significant increase in 2014. No data was reported for 2015 and 2016, suggesting possible changes in reporting or reclassification.
Accrued compensation and related expenses
This liability remained relatively stable around $310 million to $373 million, with a dip in 2015 followed by a recovery in 2016, reflecting consistent obligations related to employee compensation.
Income taxes payable
The values were highly variable, including a negative amount in 2014, likely indicating tax refunds or adjustments, followed by small positive amounts in other years, showing irregular tax payment patterns.
Accrued professional service expenses
There was a steady decrease from $67.7 million in 2012 to $30.8 million in 2016, suggesting a reduction in professional services or better payment management over time.
Accrued sales and marketing related expenses
The accruals increased notably in 2015 to $40.9 million but otherwise remained modest, fluctuating without a clear upward or downward trend.
Accrued restructuring costs
These costs decreased from $58.7 million in 2012 to $27.0 million in 2016, demonstrating reduced restructuring activities or charges during the period.
Current liability for uncertain tax contingencies
Amounts reported were irregular and small relative to other liabilities, showing occasional recognition of uncertain tax liabilities without a clear trend.
Other accrued expenses and current liabilities
These liabilities varied, with a notable dip in 2014 to $671.3 million followed by an increase to over $1.0 billion in 2016, indicating fluctuations in miscellaneous accrued expenses and current obligations.
Deferred revenue
Deferred revenue generally decreased from $297.0 million in 2012 to $109.2 million in 2016, suggesting a reduction in unearned income or changes in the timing of revenue recognition.
Current liabilities
There was a significant spike in current liabilities in 2014, reaching approximately $4.53 billion, largely due to the inclusion of the significant income taxes payable related to the Alibaba sale, before normalizing around $1.28 billion in subsequent years.
Convertible notes
This liability, not present in 2012, increased steadily from $1.11 billion in 2013 to nearly $1.3 billion in 2016, indicating growing debt instruments convertible to equity.
Long-term deferred revenue
Long-term deferred revenue decreased sharply from $407.6 million in 2012 to under $40.0 million by 2016, implying accelerated recognition or decline in deferred income over the period.
Net lease obligations
Lease obligations slightly increased to $47.0 million by 2014 but decreased to $23.0 million by 2016, indicating a reduction in lease commitments.
Other long-term liabilities and capital lease obligations
Both categories exhibited overall decreases from 2012 to 2016, suggesting improved liability management or repayments of certain long-term obligations.
Deferred tax liabilities related to Alibaba investment
Substantial deferred tax liabilities were recorded from 2014 onwards, remaining above $12.6 billion, indicating significant tax considerations associated with the Alibaba investment.
Deferred and other long-term tax liabilities
These tax liabilities increased from $675 million in 2012 to a peak in 2014 over $1.15 billion, then decreased in the following years to $642 million in 2016.
Noncurrent liabilities
Noncurrent liabilities surged dramatically in 2014, largely due to deferred tax liabilities related to Alibaba, then decreased but remained elevated compared to earlier years through 2016.
Total liabilities
Total liabilities more than doubled between 2013 and 2014, from $3.67 billion to $23.17 billion, driven mainly by tax-related liabilities, then declined before stabilizing around $17 billion by 2016.
Common stock
Common stock value remained relatively stable around $1 million, indicating no significant issuance or buyback affecting par value.
Additional paid-in capital
There was a slight decrease from 2012 to 2014, followed by a steady increase through 2016, reflecting occasional equity issuances or adjustments.
Treasury stock at cost
The treasury stock balance showed significant fluctuation, with a major decrease in cost from 2012 to 2013, followed by increases and then stabilization, indicating active share repurchase programs.
Retained earnings
Retained earnings fluctuated markedly, with an initial decline in 2013, a significant increase in 2014, and subsequent decreases, showing volatility in accumulated profits or losses.
Accumulated other comprehensive income
This item increased dramatically from $0.6 billion in 2012 to over $22.0 billion in 2014, then slightly declined but remained elevated, mainly due to unrealized gains possibly related to the Alibaba investment.
Total stockholders’ equity
Equity followed a similar pattern as accumulated other comprehensive income, peaking at $38.7 billion in 2014 before decreasing and recovering to $31.0 billion in 2016, indicating the strong impact of investment valuation changes on equity.
Noncontrolling interests
Noncontrolling interests remained relatively stable around $35 million to $56 million, showing minimal influence on overall equity.
Total equity and total liabilities and equity
Total equity mirrored the trends in stockholders’ equity, with a peak in 2014 and subsequent adjustments. The sum of liabilities and equity substantially increased in 2014 due to deferred tax liabilities, followed by decreases but remaining significantly higher than pre-2014 levels through 2016.