Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Yahoo! Inc., consolidated income statement

US$ in thousands

12 months ended:	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013	Dec 31, 2012
Revenue	5,169,135)	4,968,301)	4,618,133)	4,680,380)	4,986,566)
Traffic acquisition costs	(1,650,786)	(877,514)	(217,531)	(254,442)	(518,906)
Other	(1,068,108)	(1,200,234)	(1,080,783)	(1,094,938)	(1,101,660)
Cost of revenue	(2,718,894)	(2,077,748)	(1,298,314)	(1,349,380)	(1,620,566)
Gross profit	2,450,241)	2,890,553)	3,319,819)	3,331,000)	3,366,000)
Sales and marketing	(881,521)	(1,080,718)	(1,234,268)	(1,130,820)	(1,101,572)
Product development	(1,055,462)	(1,177,923)	(1,207,146)	(1,008,487)	(885,824)
General and administrative	(650,708)	(687,804)	(574,743)	(569,555)	(540,247)
Amortization of intangibles	(58,302)	(79,042)	(66,750)	(44,841)	(35,819)
Gain on sale of patents and land	121,559)	11,100)	97,894)	79,950)	—)
Asset impairment charge	—)	(44,381)	—)	—)	—)
Goodwill impairment charge	(394,901)	(4,460,837)	(88,414)	(63,555)	—)
Intangibles impairment charge	(87,335)	(15,423)	—)	—)	—)
Restructuring charges, net	(88,629)	(104,019)	(103,450)	(3,766)	(236,170)
Income (loss) from operations	(645,058)	(4,748,494)	142,942)	589,926)	566,368)
Interest and investment income	60,931)	34,383)	26,309)	57,544)	41,673)
Interest expense	(73,783)	(71,865)	(68,851)	(14,319)	(9,297)
Gain related to the sale of Alibaba Group Shares	—)	—)	—)	—)	4,603,322)
Gain on sale of Alibaba Group ADSs	—)	—)	10,319,437)	—)	—)
Gain (loss) on Hortonworks warrants	(50,046)	(19,201)	98,062)	—)	—)
Foreign exchange gain (loss)	4,282)	(22,226)	(14,687)	(6,197)	—)
Other	4,700)	3,127)	9,169)	6,329)	12,141)
Other income (expense), net	(53,916)	(75,782)	10,369,439)	43,357)	4,647,839)
Income (loss) before income taxes and earnings in equity interests	(698,974)	(4,824,276)	10,512,381)	633,283)	5,214,207)
(Provision) benefit for income taxes	126,228)	89,598)	(4,038,102)	(153,392)	(1,940,043)
Earnings in equity interests, net of tax	363,283)	383,571)	1,057,863)	896,675)	676,438)
Net income (loss)	(209,463)	(4,351,107)	7,532,142)	1,376,566)	3,950,602)
Net income attributable to noncontrolling interests	(4,858)	(7,975)	(10,411)	(10,285)	(5,123)
Net income (loss) attributable to Yahoo! Inc.	(214,321)	(4,359,082)	7,521,731)	1,366,281)	3,945,479)

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).

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Income statement item	Description	The company
Revenue	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Yahoo! Inc. revenue increased from 2014 to 2015 and from 2015 to 2016.
Income (loss) from operations	The net result for the period of deducting operating expenses from operating revenues.	Yahoo! Inc. income (loss) from operations decreased from 2014 to 2015 but then increased from 2015 to 2016 not reaching 2014 level.
Income (loss) before income taxes and earnings in equity interests	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Yahoo! Inc. income (loss) before income taxes and earnings in equity interests decreased from 2014 to 2015 but then slightly increased from 2015 to 2016.
Net income (loss) attributable to Yahoo! Inc.	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Yahoo! Inc. net income (loss) attributable to Yahoo! Inc. decreased from 2014 to 2015 but then slightly increased from 2015 to 2016.

Yahoo! Inc. (NASDAQ:YHOO)

Income Statement