Cash Flow Statement
The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.
The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.
Paying user area
Try for free
Yahoo! Inc. pages available for free this week:
- Income Statement
- Balance Sheet: Assets
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Capital Asset Pricing Model (CAPM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Price to Book Value (P/BV) since 2005
- Analysis of Revenues
- Analysis of Debt
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Yahoo! Inc. for $22.49.
This is a one-time payment. There is no automatic renewal.
We accept:
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).
- Net Income (Loss)
- The net income shows significant volatility over the five-year period. It started with a strong profit of approximately $3.95 billion in 2012, dropped sharply to about $1.38 billion in 2013, then surged to a peak of $7.53 billion in 2014. However, the following two years saw losses, with a significant negative net income of $4.35 billion in 2015 and a smaller loss of $209 million in 2016.
- Depreciation and Amortization
- Depreciation steadily decreased from $549 million in 2012 to $407 million in 2016. Amortization of intangible assets fluctuated but generally remained around $100 million, peaking at $137 million in 2015 before declining to $100 million in 2016.
- Impairment Charges
- There were notable non-cash goodwill impairment charges starting in 2013, reaching a very high $4.46 billion in 2015 and slightly less in 2016. Non-cash asset and intangibles impairment charges appeared in 2015 and 2016, indicating asset write-downs during these years.
- Stock-Based Compensation and Related Tax Benefits
- Stock-based compensation expenses increased each year, from $221 million in 2012 to $499 million in 2016. The tax benefits from these awards showed positive gains peaking at $145 million in 2014 but diminished substantially afterward.
- Operating Cash Flow
- Operating cash flow was positive except for 2015, where it turned negative at $2.38 billion. After this decline, it rebounded to $1.25 billion in 2016, reflecting an improvement in cash generated from core operations despite net income losses those years.
- Investing Activities
- Investing activities displayed variability, with a significant positive cash influx in 2012 and 2014 but shifted to negative cash flow in 2016, primarily due to large purchases of marketable securities and acquisitions. Sales and maturities of marketable securities considerably supplemented cash flows in multiple years, particularly in 2015 and 2016.
- Financing Activities
- Financing activities consistently used cash, with heavy repurchases of common stock dominating in the early years, but reduced sharply by 2016. Issuance of common stock provided some inflow but was relatively modest compared to repurchases. Borrowings and repayments of credit facilities and convertible notes showed sporadic activity without sustained trends.
- Working Capital Components
- Accounts receivable and payable showed unusual negative values in 2015 and 2016, suggesting possible shifts in accounting or operational timing. Prepaid expenses grew markedly in 2016, indicating more upfront payments or deferred expenses. Deferred revenue showed a significant decline from a positive balance in 2012 to negative values thereafter, decreasing towards negligible levels by 2016.
- Asset Sales and Gains
- Significant gains from the sale of Alibaba Group shares in 2012 and 2014 were reported, contributing to large spikes in net income those years. Other gains, such as patent sales, were smaller but consistent. Foreign exchange gains/losses fluctuated, with notable losses in 2014 and gains in 2016.
- Cash and Cash Equivalents
- Cash balances rose sharply from 2012 to 2013, experienced fluctuations with a notable decline in 2015 and 2016, ending at approximately $1.12 billion in 2016. Changes in cash flows reflect the combined effects of volatile operating results, investing cash outflows, and active financing transactions.
- Summary
- The data reveals a company undergoing significant financial fluctuations and restructuring. Key drivers include large impairments and asset sales impacting net income, volatile cash flows reflecting investment and financing strategies, and an increasing cost in stock-based compensation. Despite profitability peaks in the middle years, the later periods show challenges with operational losses and cash outflows from investing activities, balanced by some recovery in operating cash flows and controlled financing expenditures.