This company has been moved to the archive! The financial data has not been updated since May 9, 2017.
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.
Yahoo! Inc., consolidated cash flow statement
US$ in thousands
12 months ended:
Dec 31, 2016
Dec 31, 2015
Dec 31, 2014
Dec 31, 2013
Dec 31, 2012
Net income (loss)
(209,463)
(4,351,107)
7,532,142)
1,376,566)
3,950,602)
Depreciation
407,341)
472,894)
475,031)
532,485)
549,235)
Amortization of intangible assets
100,214)
136,719)
131,537)
96,518)
105,366)
Accretion of convertible notes discount
66,461)
63,061)
59,838)
4,846)
—)
Stock-based compensation expense
499,276)
459,858)
420,174)
278,220)
220,936)
Non-cash asset impairment charge
—)
44,381)
—)
—)
—)
Non-cash goodwill impairment charge
394,901)
4,460,837)
88,414)
63,555)
—)
Non-cash intangibles impairment charge
87,335)
15,423)
—)
—)
—)
Non-cash restructuring charges (reversals)
1,227)
3,150)
(3,394)
547)
109,896)
Non-cash accretion on marketable securities
25,280)
47,218)
30,878)
36,985)
—)
Foreign exchange (gain) loss
(27,428)
4,376)
15,978)
(10,852)
—)
Gain on sale of assets and other
(3,316)
(2,878)
(11,383)
(3,736)
(11,840)
Gain from sale of Alibaba Group Shares
—)
—)
—)
—)
(4,603,322)
Gain on sale of Alibaba Group ADSs
—)
—)
(10,319,437)
—)
—)
Gain on sales of patents and land
(121,559)
(11,100)
(97,894)
(79,950)
—)
(Gain) loss on Hortonworks warrants
50,046)
19,199)
(98,062)
—)
—)
Earnings in equity interests
(363,283)
(383,571)
(1,057,863)
(896,675)
(676,438)
Dividend income related to Alibaba Group Preference Shares
—)
—)
—)
(35,726)
(20,000)
Tax benefits (detriments) from stock-based awards
6,256)
41,729)
145,711)
49,061)
(31,440)
Excess tax benefits from stock-based awards
(18,007)
(58,282)
(149,582)
(64,407)
(35,844)
Deferred income taxes
(224,737)
(42,341)
465,873)
(84,302)
(769,320)
Dividends received from equity investees
156,968)
142,045)
83,685)
135,058)
83,648)
Accounts receivable
(43,029)
(39,065)
29,278)
26,199)
34,752)
Prepaid expenses and other
376,351)
21,842)
(78,601)
27,401)
78,529)
Accounts payable
(4,550)
(59,965)
14,165)
(7,764)
12,747)
Accrued expenses and other liabilities
105,677)
109,776)
132,839)
(98,853)
255,799)
Income taxes payable related to sale of Alibaba Group ADSs
—)
(3,282,293)
3,282,293)
—)
—)
Deferred revenue
(13,098)
(195,328)
(194,920)
(149,929)
465,140)
Changes in assets and liabilities, net of effects of acquisitions
421,351)
(3,445,033)
3,185,054)
(202,946)
846,967)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
1,458,326)
1,967,685)
(6,635,442)
(181,319)
(4,232,156)
Net cash provided by (used in) operating activities
1,248,863)
(2,383,422)
896,700)
1,195,247)
(281,554)
Acquisition of property and equipment
(239,109)
(554,163)
(389,551)
(342,971)
(505,507)
Proceeds from sales of property and equipment
249,787)
11,176)
17,404)
4,840)
—)
Purchases of marketable securities
(7,817,485)
(5,206,245)
(7,890,092)
(3,223,190)
(3,520,327)
Proceeds from sales of marketable securities
387,254)
822,997)
2,269,659)
2,871,834)
741,947)
Proceeds from maturities of marketable securities
5,816,713)
6,691,645)
945,696)
748,915)
381,403)
Proceeds related to sale of Alibaba Group shares, net
—)
—)
—)
—)
6,247,728)
Proceeds from sale of Alibaba Group ADSs, net of underwriting discounts, commissions, and fees
—)
—)
9,404,974)
—)
—)
Proceeds related to the redemption of Alibaba Group Preference Shares
—)
—)
—)
800,000)
—)
Acquisitions, net of cash acquired
—)
(175,693)
(859,036)
(1,247,544)
(5,716)
Proceeds from sales of patents
1,500)
29,100)
86,300)
79,950)
—)
Purchases of intangible assets
(2,045)
(4,811)
(2,658)
(2,500)
(3,799)
Proceeds from settlement of derivative hedge contracts
39,007)
147,179)
254,496)
312,266)
17,898)
Payments for settlement of derivative hedge contracts
(9,717)
(8,817)
(5,454)
(22,708)
(11,141)
Proceeds from the sale of investments
—)
—)
—)
181)
26,132)
Payments for equity investments in privately held companies
(9)
—)
(74,399)
(4,226)
(7,799)
Other investing activities, net
(161)
(256)
4,630)
1,932)
1,225)
Net cash (used in) provided by investing activities
(1,574,265)
1,752,112)
3,761,969)
(23,221)
3,362,044)
Proceeds from issuance of common stock
17,517)
59,130)
308,029)
353,267)
218,371)
Repurchases of common stock
—)
(203,771)
(4,163,227)
(3,344,396)
(2,167,841)
Proceeds from issuance of convertible notes
—)
—)
—)
1,412,344)
—)
Payments for note hedges
—)
—)
—)
(205,706)
—)
Proceeds from issuance of warrants
—)
—)
—)
124,775)
—)
Excess tax benefits from stock-based awards
18,007)
58,282)
149,582)
64,407)
35,844)
Tax withholdings related to net share settlements of restricted stock units
(209,053)
(257,731)
(280,879)
(139,815)
(60,939)
Distributions to noncontrolling interests
(5,948)
(15,847)
(22,344)
—)
—)
Proceeds from credit facility borrowings
—)
—)
—)
150,000)
—)
Repayment of credit facility borrowings
—)
—)
—)
(150,000)
—)
Other financing activities, net
(14,205)
(17,321)
(13,627)
(8,760)
(4,892)
Net cash used in financing activities
(193,682)
(377,258)
(4,022,466)
(1,743,884)
(1,979,457)
Effect of exchange rate changes on cash and cash equivalents
Net cash provided by (used in) operating activities
Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.
Yahoo! Inc. net cash provided by (used in) operating activities decreased from 2014 to 2015 but then increased from 2015 to 2016 exceeding 2014 level.
Net cash (used in) provided by investing activities
Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.
Yahoo! Inc. net cash (used in) provided by investing activities decreased from 2014 to 2015 and from 2015 to 2016.
Net cash used in financing activities
Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.
Yahoo! Inc. net cash used in financing activities increased from 2014 to 2015 and from 2015 to 2016.
