Name: Yahoo! Inc. (NASDAQ:YHOO) | Liabilities and Stockholders’ Equity
Creator: Stock Analysis on Net

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

	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013	Dec 31, 2012
Accounts payable	171,520)	208,691)	238,018)	138,031)	184,831)
Income taxes payable related to sale of Alibaba Group ADSs	—)	—)	3,282,293)	—)	—)
Accrued content, connection, traffic acquisition, and other costs	400,172)	252,612)	172,913)	119,431)	116,951)
Deferred income taxes	—)	—)	8,119)	(10)	200)
Accrued compensation and related expenses	342,354)	310,111)	373,749)	343,392)	337,727)
Income taxes payable	6,039)	4,181)	(264,993)	107,033)	10,619)
Accrued professional service expenses	30,827)	40,914)	49,651)	69,869)	67,736)
Accrued sales and marketing related expenses	13,936)	40,876)	16,424)	17,744)	11,988)
Accrued restructuring costs	27,041)	40,283)	47,356)	21,764)	58,718)
Current liability for uncertain tax contingencies	2,409)	12,586)	2,179)	—)	30,484)
Other	183,898)	233,095)	265,909)	228,559)	174,052)
Other accrued expenses and current liabilities	1,006,676)	934,658)	671,307)	907,782)	808,475)
Deferred revenue	109,228)	134,031)	336,963)	294,499)	296,926)
Current liabilities	1,287,424)	1,277,380)	4,528,581)	1,340,312)	1,290,232)
Convertible notes	1,299,945)	1,233,485)	1,170,423)	1,110,585)	—)
Long-term deferred revenue	39,583)	27,801)	20,774)	258,904)	407,560)
Net lease obligations	23,000)	33,000)	47,000)	44,000)	37,000)
Other long-term liabilities	72,597)	85,689)	96,095)	72,605)	87,587)
Capital lease and other long-term liabilities	95,597)	118,689)	143,095)	116,605)	124,587)
Deferred tax liabilities related to investment in Alibaba Group	13,633,988)	12,611,867)	16,154,906)	—)	—)
Deferred and other long-term tax liabilities	642,466)	855,324)	1,156,973)	847,956)	675,271)
Noncurrent liabilities	15,711,579)	14,847,166)	18,646,171)	2,334,050)	1,207,418)
Total liabilities	16,999,003)	16,124,546)	23,174,752)	3,674,362)	2,497,650)
Preferred stock, $0.001 par value; none issued or outstanding	—)	—)	—)	—)	—)
Common stock, $0.001 par value	969)	959)	945)	1,015)	1,187)
Additional paid-in capital	9,125,459)	8,807,273)	8,496,683)	8,688,304)	9,563,348)
Treasury stock at cost	(908,996)	(911,533)	(712,455)	(200,228)	(1,368,043)
Retained earnings	4,353,958)	4,570,807)	8,937,036)	4,267,429)	5,792,459)
Accumulated other comprehensive income	18,477,893)	16,576,031)	22,019,628)	318,389)	571,249)
Total Yahoo! Inc. stockholders’ equity	31,049,283)	29,043,537)	38,741,837)	13,074,909)	14,560,200)
Noncontrolling interests	34,793)	35,883)	43,755)	55,688)	45,403)
Total equity	31,084,076)	29,079,420)	38,785,592)	13,130,597)	14,605,603)
Total liabilities and equity	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).

The financial position between 2012 and 2016 is characterized by significant volatility in both total liabilities and stockholders' equity, primarily driven by tax obligations and valuation adjustments associated with the Alibaba Group investment. Total liabilities experienced a dramatic peak in 2014 at $23.17 billion, followed by a correction to $16.12 billion in 2015 and a slight increase to $17.00 billion by 2016.

Liability Trends and Tax Impacts: A substantial spike in current liabilities is observed in 2014, where the balance rose to $4.53 billion from $1.34 billion in the previous year. This increase was primarily attributable to $3.28 billion in income taxes payable related to the sale of Alibaba Group ADSs. Noncurrent liabilities followed a similar trajectory, escalating from $2.33 billion in 2013 to $18.65 billion in 2014. This was driven by deferred tax liabilities related to the Alibaba investment, which remained the dominant component of noncurrent liabilities through 2016, totaling $13.63 billion.
Equity and Comprehensive Income Volatility: Total equity exhibited sharp fluctuations, growing from $13.13 billion in 2013 to a peak of $38.79 billion in 2014. This growth was almost entirely driven by accumulated other comprehensive income, which surged from $318 million in 2013 to $22.02 billion in 2014. By 2016, total equity moderated to $31.08 billion. Retained earnings also showed instability, peaking at $8.94 billion in 2014 before declining to $4.35 billion by the end of 2016.
Debt and Operating Obligations: Convertible notes were introduced in 2013 at $1.11 billion and demonstrated a steady upward trend, reaching $1.30 billion by 2016. In terms of operating costs, accrued content, connection, and traffic acquisition costs showed consistent growth, increasing from $116.95 million in 2012 to $400.17 million in 2016. Conversely, deferred revenue experienced a downward trend in the later years, falling from $336.96 million in 2014 to $109.23 million in 2016.

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