Stock Analysis on Net

Yahoo! Inc. (NASDAQ:YHOO)

$22.49

This company has been moved to the archive! The financial data has not been updated since May 9, 2017.

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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

Microsoft Excel
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
Income taxes payable related to sale of Alibaba Group ADSs
Other accrued expenses and current liabilities
Deferred revenue
Current liabilities
Convertible notes
Long-term deferred revenue
Capital lease obligations
Other long-term liabilities
Capital lease and other long-term liabilities
Deferred tax liabilities related to investment in Alibaba Group
Deferred and other long-term tax liabilities
Noncurrent liabilities
Total liabilities
Common stock, $0.001 par value
Additional paid-in capital
Treasury stock at cost
Retained earnings
Accumulated other comprehensive income
Total Yahoo! Inc. stockholders’ equity
Noncontrolling interests
Total equity
Total liabilities and equity

Based on: 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31).


Accounts Payable
The proportion of accounts payable relative to total liabilities and equity showed fluctuations over the periods, with initial values around 0.86%-1.08% in 2012, decreasing notably by late 2014 to as low as 0.29%, and stabilizing around 0.3%-0.6% thereafter. This indicates variability in short-term obligations but generally a lower exposure towards the end of the timeline.
Income Taxes Payable Related to Alibaba Group ADSs
This item appeared only in early 2015 periods, reaching approximately 5.73% and slightly declining to 5.3% of total liabilities and equity, after which data is missing. This suggests a specific tax liability event during that timeframe, likely linked to asset sales.
Other Accrued Expenses and Current Liabilities
This category exhibited considerable volatility, peaking sharply at nearly 15% in Q3 2012, then consistently declining and stabilizing around 1.6%-2.3% in 2014-2017. The earlier spike suggests an unusual increase in accrued expenses which was effectively managed in subsequent periods.
Deferred Revenue
Deferred revenue grew moderately from about 1.2% to nearly 2% in 2012-2013, then progressively decreased to under 0.2% by early 2017. This downward trend may imply a reduction in advance payments or a shift in revenue recognition policies over time.
Current Liabilities
The share of current liabilities surged to a notable 17.18% in September 2012 but generally decreased afterward to around 2%-3% from 2014 onward. This points to a significant reduction in short-term payables or obligations in the latter years.
Convertible Notes
First recorded in late 2013 at around 6.6%, convertible notes declined markedly by the end of 2014 to near 2%, and remained relatively stable around 2%-3% through 2017. This reflects a reduction in convertible debt instruments on the balance sheet.
Long-Term Deferred Revenue
Initially low but increasing to above 2% by late 2012, then gradual decline to approximately 0.03%-0.08% during 2014-2017 suggests either conversion of deferred amounts to revenue or adjustments in long-term contract accounting.
Capital Lease Obligations
Capital lease obligations decreased from about 0.27% in 2012 to minimal levels below 0.1% in 2014-2017, signaling diminishing obligations under lease agreements classified as capital leases.
Other Long-Term Liabilities and Capital Lease Plus Other Long-Term Liabilities
Both categories experienced minor declines from around 0.6%-0.9% to roughly 0.1%-0.3%, indicating marginal reductions in less defined or operating liabilities over the period.
Deferred Tax Liabilities Related to Investment in Alibaba Group
Starting from no data until 2014, this item represented a significant and growing proportion of total liabilities and equity, ranging from 24% to above 30% between 2014 and 2017. This considerable share reflects substantial deferred tax obligations linked to investments in Alibaba Group, signifying a key component of long-term liabilities.
Deferred and Other Long-Term Tax Liabilities
These liabilities exhibited a gradual decline from around 5.7% in 2012 to under 1% by 2017, indicating diminishing deferred tax liabilities unrelated to Alibaba investments.
Noncurrent Liabilities
Noncurrent liabilities generally increased over time, especially after 2013, starting around 7% and reaching over 30% by 2014 and maintaining that level through 2017. This reflects growth in longer-term financial obligations or deferred items.
Total Liabilities
Total liabilities exhibited variability, with a peak near 37% in late 2014, followed by a slight decline and stabilization around 35% from 2015 to 2017. This pattern indicates a heightened leverage position during 2014 followed by modest deleveraging and stabilization.
Common Stock
The common stock proportion remained negligible throughout the period at around 0.01% or zero, indicating minimal par value relative to total liabilities and equity.
Additional Paid-In Capital
This component showed significant volatility, with shares as high as 68% in mid-2012 dropping to near 15% by late 2014, then fluctuating between approximately 16% and 21% thereafter. This volatility may reflect equity transactions, share repurchases, or other equity restructuring events impacting contributed capital.
Treasury Stock at Cost
The treasury stock portion demonstrated notable fluctuations, initially negative at about -3% in 2012, deepening to nearly -30% by late 2013, then reverting closer to -1.6% to -2.2% from 2014 onward. This large variation suggests intensive share buyback or treasury activity between 2012 and 2014, followed by stabilization.
Retained Earnings
Retained earnings rose markedly from about 18% in early 2012 to a peak of around 45.7% in late 2013, but then declined in subsequent years, remaining below 10% by 2017. This indicates strong earnings accumulation early on, followed by reductions potentially through dividends, losses, or other equity adjustments.
Accumulated Other Comprehensive Income
Starting modestly under 5%, this income category rose significantly after 2013, reaching over 40% by late 2016. This increase may relate to unrealized gains, currency translation adjustments, or other comprehensive income elements growing in significance over time.
Total Stockholders' Equity
The total equity proportion decreased from approximately 85% in early 2012 to near 62% in late 2014, followed by fluctuations around 63%-68% through 2017. This reflects shifts in company financing structure with periods of equity dilution or contraction and partial recovery.
Noncontrolling Interests
This minor component of equity remained relatively stable around 0.06%-0.35%, indicating limited impact on overall equity composition.
Total Equity
Total equity as a percentage of total liabilities and equity mirrored the total stockholders’ equity trend, decreasing from above 85% in early periods to a low around 62%-64% in mid-periods, and stabilizing near 64% later. This balance shows the company’s preference or changes in capital structure toward equity financing after mid-2014 despite earlier volatility.