Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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.

Yahoo! Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in thousands

	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jun 30, 2016	Mar 31, 2016	Dec 31, 2015	Sep 30, 2015	Jun 30, 2015	Mar 31, 2015	Dec 31, 2014	Sep 30, 2014	Jun 30, 2014	Mar 31, 2014	Dec 31, 2013	Sep 30, 2013	Jun 30, 2013	Mar 31, 2013	Dec 31, 2012	Sep 30, 2012	Jun 30, 2012	Mar 31, 2012
Accounts payable	180,368)	171,520)	168,148)	171,621)	187,862)	208,691)	262,588)	301,433)	269,160)	238,018)	165,890)	121,933)	156,782)	138,031)	123,042)	120,028)	110,162)	184,831)	147,943)	132,105)	129,042)
Income taxes payable related to sale of Alibaba Group ADSs	—)	—)	—)	—)	—)	—)	—)	—)	—)	3,282,293)	3,282,293)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Other accrued expenses and current liabilities	884,000)	1,006,676)	984,301)	982,860)	830,542)	934,658)	946,311)	903,005)	858,353)	671,307)	514,301)	784,345)	746,828)	907,782)	776,466)	763,117)	720,461)	808,475)	3,049,074)	768,080)	762,391)
Deferred revenue	103,543)	109,228)	115,991)	122,026)	139,606)	134,031)	139,934)	202,246)	270,886)	336,963)	415,477)	287,508)	291,265)	294,499)	293,615)	294,968)	308,462)	296,926)	309,265)	176,960)	178,924)
Current liabilities	1,167,911)	1,287,424)	1,268,440)	1,276,507)	1,158,010)	1,277,380)	1,348,833)	1,406,684)	1,398,399)	4,528,581)	4,377,961)	1,193,786)	1,194,875)	1,340,312)	1,193,123)	1,178,113)	1,139,085)	1,290,232)	3,506,282)	1,077,145)	1,070,357)
Convertible notes	1,317,112)	1,299,945)	1,283,002)	1,266,279)	1,249,775)	1,233,485)	1,217,408)	1,201,540)	1,185,880)	1,170,423)	1,155,168)	1,140,112)	1,125,251)	1,110,585)	—)	—)	—)	—)	—)	—)	—)
Long-term deferred revenue	42,669)	39,583)	36,609)	33,557)	30,733)	27,801)	25,240)	23,442)	22,228)	20,774)	19,196)	186,348)	222,366)	258,904)	295,970)	333,229)	370,414)	407,560)	444,415)	38,757)	41,172)
Capital lease obligations	17,000)	23,000)	32,000)	34,000)	35,000)	33,000)	37,000)	39,000)	44,000)	47,000)	36,000)	38,000)	41,000)	44,000)	46,000)	49,000)	36,000)	37,000)	38,223)	39,000)	40,000)
Other long-term liabilities	74,026)	72,597)	70,283)	91,826)	89,306)	85,689)	88,862)	87,138)	86,826)	96,095)	110,072)	115,511)	67,847)	72,605)	75,169)	76,639)	85,475)	87,587)	89,308)	91,149)	92,551)
Capital lease and other long-term liabilities	91,026)	95,597)	102,283)	125,826)	124,306)	118,689)	125,862)	126,138)	130,826)	143,095)	146,072)	153,511)	108,847)	116,605)	121,169)	125,639)	121,475)	124,587)	127,531)	130,149)	132,551)
Deferred tax liabilities related to investment in Alibaba Group	16,762,865)	13,633,988)	16,444,038)	12,339,927)	12,261,783)	12,611,867)	9,126,655)	12,768,155)	12,919,754)	16,154,906)	13,796,527)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Deferred and other long-term tax liabilities	519,950)	642,466)	668,098)	775,895)	818,450)	855,324)	1,011,928)	1,102,007)	1,130,993)	1,156,973)	1,048,290)	1,052,541)	978,372)	847,956)	749,168)	730,708)	674,077)	675,271)	730,378)	895,941)	859,167)
Noncurrent liabilities	18,733,622)	15,711,579)	18,534,030)	14,541,484)	14,485,047)	14,847,166)	11,507,093)	15,221,282)	15,389,681)	18,646,171)	16,165,253)	2,532,512)	2,434,836)	2,334,050)	1,166,307)	1,189,576)	1,165,966)	1,207,418)	1,302,324)	1,064,847)	1,032,890)
Total liabilities	19,901,533)	16,999,003)	19,802,470)	15,817,991)	15,643,057)	16,124,546)	12,855,926)	16,627,966)	16,788,080)	23,174,752)	20,543,214)	3,726,298)	3,629,711)	3,674,362)	2,359,430)	2,367,689)	2,305,051)	2,497,650)	4,808,606)	2,141,992)	2,103,247)
Common stock, $0.001 par value	971)	969)	967)	964)	961)	959)	956)	953)	950)	945)	1,036)	1,029)	1,023)	1,015)	1,205)	1,198)	1,196)	1,187)	1,257)	1,253)	1,247)
Additional paid-in capital	9,170,142)	9,125,459)	9,036,876)	8,978,802)	8,888,096)	8,807,273)	8,716,314)	8,633,143)	8,585,941)	8,496,683)	8,645,084)	8,986,410)	8,811,720)	8,688,304)	9,902,748)	9,770,201)	9,639,638)	9,563,348)	10,067,211)	9,976,949)	9,870,062)
Treasury stock at cost	(908,559)	(908,996)	(909,508)	(910,117)	(910,702)	(911,533)	(912,287)	(913,515)	(914,218)	(712,455)	(2,247,762)	(1,367,492)	(649,806)	(200,228)	(4,481,162)	(2,795,869)	(2,143,119)	(1,368,043)	(1,132,615)	(942,244)	(486,737)
Retained earnings	4,560,905)	4,353,958)	4,192,467)	4,030,249)	4,470,747)	4,570,807)	9,006,514)	8,936,682)	8,958,235)	8,937,036)	11,622,814)	4,848,714)	4,579,007)	4,267,429)	6,810,550)	6,513,894)	6,182,744)	5,792,459)	6,105,506)	2,945,269)	2,718,638)
Accumulated other comprehensive income	22,612,258)	18,477,893)	22,515,470)	16,263,996)	16,029,245)	16,576,031)	11,434,453)	16,875,339)	17,027,988)	22,019,628)	18,692,395)	223,327)	163,239)	318,389)	260,770)	319,440)	459,457)	571,249)	520,144)	491,770)	715,368)
Total Yahoo! Inc. stockholders’ equity	35,435,717)	31,049,283)	34,836,272)	28,363,894)	28,478,347)	29,043,537)	28,245,950)	33,532,602)	33,658,896)	38,741,837)	36,713,567)	12,691,988)	12,905,183)	13,074,909)	12,494,111)	13,808,864)	14,139,916)	14,560,200)	15,561,503)	12,472,997)	12,818,578)
Noncontrolling interests	31,476)	34,793)	32,884)	32,410)	36,825)	35,883)	33,123)	31,248)	44,730)	43,755)	40,818)	38,527)	58,021)	55,688)	52,208)	49,870)	46,012)	45,403)	44,018)	43,240)	41,415)
Total equity	35,467,193)	31,084,076)	34,869,156)	28,396,304)	28,515,172)	29,079,420)	28,279,073)	33,563,850)	33,703,626)	38,785,592)	36,754,385)	12,730,515)	12,963,204)	13,130,597)	12,546,319)	13,858,734)	14,185,928)	14,605,603)	15,605,521)	12,516,237)	12,859,993)
Total liabilities and equity	55,368,726)	48,083,079)	54,671,626)	44,214,295)	44,158,229)	45,203,966)	41,134,999)	50,191,816)	50,491,706)	61,960,344)	57,297,599)	16,456,813)	16,592,915)	16,804,959)	14,905,749)	16,226,423)	16,490,979)	17,103,253)	20,414,127)	14,658,229)	14,963,240)

Accounts Payable: The accounts payable showed fluctuations over the examined periods, beginning at approximately $129 million in early 2012, peaking near $301 million by mid-2015, and then gradually declining to around $180 million by early 2017. This indicates variability in short-term obligations, with a notable decrease in the latter periods.
Income Taxes Payable Related to Sale of Alibaba Group ADSs: This item is only reported once around late 2014, showing a significant amount of over $3.28 billion. This likely reflects a one-time tax liability related to the Alibaba transaction during that period.
Other Accrued Expenses and Current Liabilities: This category experienced a drastic spike in the third quarter of 2012 reaching over $3 billion but returned to a range between $700 million and $1 billion in other periods. The outlier suggests an extraordinary event or accounting adjustment during 2012, with more stable levels afterward but some upward trend towards 2016.
Deferred Revenue (Current and Long-term): Current deferred revenue showed a downward trend from approximately $179 million in early 2012 to around $104 million in early 2017, suggesting decreasing upfront payments or contract liabilities. Conversely, long-term deferred revenue significantly decreased from about $444 million in late 2012 to around $43 million by early 2017, reflecting reduced long-term obligations or recognition of revenue over time.
Current Liabilities: Current liabilities spiked dramatically to over $4.3 billion in late 2014, largely due to the income taxes payable related to Alibaba and other accrued expenses. Aside from that peak, current liabilities were relatively stable, fluctuating mostly between $1.1 billion and $1.4 billion, with a slight decreasing trend into 2017.
Convertible Notes: Convertible notes commenced reporting in late 2013 and exhibited a steady increase from approximately $1.11 billion to nearly $1.32 billion by early 2017, reflecting incremental debt issuance with conversion features.
Capital Lease Obligations and Other Long-Term Liabilities: Capital lease obligations generally declined from $40 million in early 2012 to $17 million by early 2017, indicating lease repayments or reclassifications. Other long-term liabilities remained relatively steady, fluctuating around $70 million to $90 million, with no significant upward or downward trend.
Deferred Tax Liabilities Related to Investment in Alibaba Group: This item appears prominently starting late 2014 with a substantial value above $13.7 billion, peaking above $16 billion in subsequent periods. It reflects significant deferred tax liabilities tied to Alibaba holdings, fluctuating but remaining very high throughout the observed periods.
Deferred and Other Long-Term Tax Liabilities: These liabilities show a general declining trend from about $859 million in early 2012 to approximately $520 million by early 2017, suggesting reductions in certain long-term tax obligations over time.
Noncurrent Liabilities: Noncurrent liabilities surged dramatically in late 2014 to above $16 billion, largely due to deferred tax liabilities, before fluctuating between $11.5 billion and $18.7 billion afterwards. Despite volatility, the overall level remains elevated compared to early periods.
Total Liabilities: Total liabilities increased significantly in late 2014 to over $23 billion, reflecting the impact of the Alibaba transaction and associated liabilities, then fluctuated between $12.9 billion and $19.9 billion through early 2017. Excluding the spike, liabilities were relatively stable with slight upward trends in the last years.
Common Stock and Additional Paid-In Capital: Common stock par value remained largely stable near $1 million with minor increments. Additional paid-in capital showed gradual increases over time from roughly $9.87 billion in early 2012 to over $9.17 billion by early 2017, reflecting capital contributions or stock-based compensation.
Treasury Stock at Cost: Treasury stock exhibited a large negative balance increasing substantially (more negative) up to around $4.48 billion in late 2013 before decreasing in magnitude thereafter to about $0.9 billion negative by early 2017. This suggests significant stock buybacks or treasury stock transactions that peaked around 2013 and were reduced subsequently.
Retained Earnings: Retained earnings showed high volatility, jumping from about $2.7 billion in early 2012 to over $11.6 billion in late 2014, then declining sharply to about $4.56 billion by early 2017. The spike corresponds with the period of the Alibaba-related financial activity, while the subsequent decline likely reflects distributions, losses, or other adjustments.
Accumulated Other Comprehensive Income: This equity component displayed considerable fluctuations, ranging from about $715 million initially to peaks above $22 billion at various points after 2014, indicating large unrealized gains or losses on investments and other comprehensive income items related to significant transactions.
Total Stockholders’ Equity: Equity grew substantially from roughly $12.8 billion in early 2012 to a high of over $38.7 billion in late 2014, followed by variability but generally declined to about $28.3 billion by early 2017. This pattern underscores major capital and investment transactions impacting accumulated equity and comprehensive income.
Noncontrolling Interests: Noncontrolling interests remained relatively small and stable, averaging around $40 million with minor fluctuations, indicating a limited impact from minority interests in consolidated entities.
Total Equity: Total equity mirrored the trends in stockholders’ equity, with a significant peak in late 2014 coinciding with major financial events and ending close to $35.5 billion by early 2017, reflecting overall changes in company net worth inclusive of minority ownership.
Total Liabilities and Equity: The combined total of liabilities and equity demonstrated a substantial increase from approximately $14.9 billion in early 2012 to over $61.9 billion by late 2014, then fluctuated mostly between $41 billion and $55 billion thereafter. This sharp increase aligns with significant corporate transactions, primarily the Alibaba-related activities impacting both liabilities and equity substantially.

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Yahoo! Inc. (NASDAQ:YHOO)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data