Analysis of Debt
Total Debt (Carrying Amount)
Yahoo! Inc., balance sheet: debt
US$ in thousands
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 total carrying amount of convertible notes and capital lease obligations experienced a substantial increase between 2012 and 2016. The debt profile transitioned from a minimal base consisting solely of lease obligations to a significant liability structure dominated by convertible notes.
- Convertible Notes Trend
- A significant shift in the debt structure occurred in 2013 with the introduction of convertible notes totaling US$ 1,110,585 thousand. This balance grew consistently over the subsequent three years, reaching US$ 1,299,945 thousand by December 31, 2016. This steady upward trajectory indicates a sustained reliance on this specific instrument for financing.
- Net Lease Obligations Analysis
- Net lease obligations represented a marginal portion of the total debt. After an initial increase from US$ 37,000 thousand in 2012 to a peak of US$ 47,000 thousand in 2014, a downward trend was observed. By December 31, 2016, these obligations had decreased to US$ 23,000 thousand, the lowest level recorded during the analyzed period.
- Aggregate Carrying Amount Evolution
- The total combined obligations rose from US$ 37,000 thousand in 2012 to US$ 1,322,945 thousand by the end of 2016. The most pronounced expansion occurred between 2012 and 2013, driven by the issuance of convertible notes. From 2013 through 2016, the total debt grew at a moderate and steady pace, as the increase in convertible notes outweighed the gradual reduction in net lease obligations.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
How can I help you?
Total Debt (Fair Value)
| Dec 31, 2016 | |
|---|---|
| Selected Financial Data (US$ in thousands) | |
| Convertible senior notes | 1,314,876) |
| Net capital lease obligations | 23,000) |
| Total convertible notes and capital lease obligations (fair value) | 1,337,876) |
| Financial Ratio | |
| Debt, fair value to carrying amount ratio | 1.01 |
Based on: 10-K (reporting date: 2016-12-31).
Weighted-average Interest Rate on Debt
Weighted-average effective interest rate on debt: 5.34%
| Interest rate | Debt amount1 | Interest rate × Debt amount | Weighted-average interest rate2 |
|---|---|---|---|
| 5.26% | 1,299,945) | 68,377) | |
| 9.74% | 23,000) | 2,240) | |
| Total | 1,322,945) | 70,617) | |
| 5.34% | |||
Based on: 10-K (reporting date: 2016-12-31).
1 US$ in thousands
2 Weighted-average interest rate = 100 × 70,617 ÷ 1,322,945 = 5.34%