Analysis of Reportable Segments
Yahoo! Inc. operates in 3 segments: Americas; Europe, Middle East, and Africa (EMEA); and Asia Pacific.
Segment Profit Margin
Yahoo! Inc., profit margin by reportable segment
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
|---|---|---|---|---|---|
| Americas | 64.93% | 80.17% | 95.27% | 95.43% | 94.73% |
| Europe, Middle East, and Africa (EMEA) | 63.66% | 83.33% | 90.16% | 88.86% | 75.80% |
| Asia Pacific | 92.81% | 95.14% | 98.05% | 93.54% | 78.90% |
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).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Americas | Americas segment profit margin ratio deteriorated from 2014 to 2015 and from 2015 to 2016. |
| Europe, Middle East, and Africa (EMEA) | Europe, Middle East, and Africa (EMEA) segment profit margin ratio deteriorated from 2014 to 2015 and from 2015 to 2016. | |
| Asia Pacific | Asia Pacific segment profit margin ratio deteriorated from 2014 to 2015 and from 2015 to 2016. |
Segment Profit Margin: Americas
Yahoo! Inc.; Americas; segment profit margin calculation
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Revenue ex-TAC | 2,709,615) | 3,188,045) | 3,351,316) | 3,322,528) | 3,279,122) |
| Revenue | 4,172,836) | 3,976,770) | 3,517,861) | 3,481,502) | 3,461,633) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 64.93% | 80.17% | 95.27% | 95.43% | 94.73% |
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).
1 2016 Calculation
Segment profit margin = 100 × Revenue ex-TAC ÷ Revenue
= 100 × 2,709,615 ÷ 4,172,836 = 64.93%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Americas | Americas segment profit margin ratio deteriorated from 2014 to 2015 and from 2015 to 2016. |
Segment Profit Margin: Europe, Middle East, and Africa (EMEA)
Yahoo! Inc.; Europe, Middle East, and Africa (EMEA); segment profit margin calculation
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Revenue ex-TAC | 253,221) | 286,362) | 337,966) | 342,271) | 357,831) |
| Revenue | 397,768) | 343,646) | 374,833) | 385,186) | 472,061) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 63.66% | 83.33% | 90.16% | 88.86% | 75.80% |
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).
1 2016 Calculation
Segment profit margin = 100 × Revenue ex-TAC ÷ Revenue
= 100 × 253,221 ÷ 397,768 = 63.66%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Europe, Middle East, and Africa (EMEA) | Europe, Middle East, and Africa (EMEA) segment profit margin ratio deteriorated from 2014 to 2015 and from 2015 to 2016. |
Segment Profit Margin: Asia Pacific
Yahoo! Inc.; Asia Pacific; segment profit margin calculation
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Revenue ex-TAC | 555,513) | 616,380) | 711,320) | 761,139) | 830,707) |
| Revenue | 598,531) | 647,885) | 725,439) | 813,692) | 1,052,872) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 92.81% | 95.14% | 98.05% | 93.54% | 78.90% |
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).
1 2016 Calculation
Segment profit margin = 100 × Revenue ex-TAC ÷ Revenue
= 100 × 555,513 ÷ 598,531 = 92.81%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Asia Pacific | Asia Pacific segment profit margin ratio deteriorated from 2014 to 2015 and from 2015 to 2016. |
Segment Return on Assets (Segment ROA)
Yahoo! Inc., ROA by reportable segment
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
|---|---|---|---|---|---|
| Americas | 241.24% | 220.12% | 242.25% | 246.47% | 220.80% |
| Europe, Middle East, and Africa (EMEA) | 892.88% | 843.73% | 975.40% | 761.01% | 602.25% |
| Asia Pacific | 951.76% | 947.77% | 1,021.26% | 797.25% | 587.76% |
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).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Americas | Americas segment ROA deteriorated from 2014 to 2015 but then improved from 2015 to 2016 not reaching 2014 level. |
| Europe, Middle East, and Africa (EMEA) | Europe, Middle East, and Africa (EMEA) segment ROA deteriorated from 2014 to 2015 but then slightly improved from 2015 to 2016. | |
| Asia Pacific | Asia Pacific segment ROA deteriorated from 2014 to 2015 but then slightly improved from 2015 to 2016. |
Segment ROA: Americas
Yahoo! Inc.; Americas; segment ROA calculation
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Revenue ex-TAC | 2,709,615) | 3,188,045) | 3,351,316) | 3,322,528) | 3,279,122) |
| Property and equipment, net | 1,123,210) | 1,448,348) | 1,383,384) | 1,348,072) | 1,485,094) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 241.24% | 220.12% | 242.25% | 246.47% | 220.80% |
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).
1 2016 Calculation
Segment ROA = 100 × Revenue ex-TAC ÷ Property and equipment, net
= 100 × 2,709,615 ÷ 1,123,210 = 241.24%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Americas | Americas segment ROA deteriorated from 2014 to 2015 but then improved from 2015 to 2016 not reaching 2014 level. |
Segment ROA: Europe, Middle East, and Africa (EMEA)
Yahoo! Inc.; Europe, Middle East, and Africa (EMEA); segment ROA calculation
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Revenue ex-TAC | 253,221) | 286,362) | 337,966) | 342,271) | 357,831) |
| Property and equipment, net | 28,360) | 33,940) | 34,649) | 44,976) | 59,416) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 892.88% | 843.73% | 975.40% | 761.01% | 602.25% |
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).
1 2016 Calculation
Segment ROA = 100 × Revenue ex-TAC ÷ Property and equipment, net
= 100 × 253,221 ÷ 28,360 = 892.88%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Europe, Middle East, and Africa (EMEA) | Europe, Middle East, and Africa (EMEA) segment ROA deteriorated from 2014 to 2015 but then slightly improved from 2015 to 2016. |
Segment ROA: Asia Pacific
Yahoo! Inc.; Asia Pacific; segment ROA calculation
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Revenue ex-TAC | 555,513) | 616,380) | 711,320) | 761,139) | 830,707) |
| Property and equipment, net | 58,367) | 65,035) | 69,651) | 95,470) | 141,335) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 951.76% | 947.77% | 1,021.26% | 797.25% | 587.76% |
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).
1 2016 Calculation
Segment ROA = 100 × Revenue ex-TAC ÷ Property and equipment, net
= 100 × 555,513 ÷ 58,367 = 951.76%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Asia Pacific | Asia Pacific segment ROA deteriorated from 2014 to 2015 but then slightly improved from 2015 to 2016. |
Segment Asset Turnover
Yahoo! Inc., asset turnover by reportable segment
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
|---|---|---|---|---|---|
| Americas | 3.72 | 2.75 | 2.54 | 2.58 | 2.33 |
| Europe, Middle East, and Africa (EMEA) | 14.03 | 10.13 | 10.82 | 8.56 | 7.95 |
| Asia Pacific | 10.25 | 9.96 | 10.42 | 8.52 | 7.45 |
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).
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Americas | Americas segment asset turnover ratio improved from 2014 to 2015 and from 2015 to 2016. |
| Europe, Middle East, and Africa (EMEA) | Europe, Middle East, and Africa (EMEA) segment asset turnover ratio deteriorated from 2014 to 2015 but then improved from 2015 to 2016 exceeding 2014 level. | |
| Asia Pacific | Asia Pacific segment asset turnover ratio deteriorated from 2014 to 2015 but then improved from 2015 to 2016 not reaching 2014 level. |
Segment Asset Turnover: Americas
Yahoo! Inc.; Americas; segment asset turnover calculation
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Revenue | 4,172,836) | 3,976,770) | 3,517,861) | 3,481,502) | 3,461,633) |
| Property and equipment, net | 1,123,210) | 1,448,348) | 1,383,384) | 1,348,072) | 1,485,094) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 3.72 | 2.75 | 2.54 | 2.58 | 2.33 |
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).
1 2016 Calculation
Segment asset turnover = Revenue ÷ Property and equipment, net
= 4,172,836 ÷ 1,123,210 = 3.72
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Americas | Americas segment asset turnover ratio improved from 2014 to 2015 and from 2015 to 2016. |
Segment Asset Turnover: Europe, Middle East, and Africa (EMEA)
Yahoo! Inc.; Europe, Middle East, and Africa (EMEA); segment asset turnover calculation
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Revenue | 397,768) | 343,646) | 374,833) | 385,186) | 472,061) |
| Property and equipment, net | 28,360) | 33,940) | 34,649) | 44,976) | 59,416) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 14.03 | 10.13 | 10.82 | 8.56 | 7.95 |
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).
1 2016 Calculation
Segment asset turnover = Revenue ÷ Property and equipment, net
= 397,768 ÷ 28,360 = 14.03
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Europe, Middle East, and Africa (EMEA) | Europe, Middle East, and Africa (EMEA) segment asset turnover ratio deteriorated from 2014 to 2015 but then improved from 2015 to 2016 exceeding 2014 level. |
Segment Asset Turnover: Asia Pacific
Yahoo! Inc.; Asia Pacific; segment asset turnover calculation
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||
| Revenue | 598,531) | 647,885) | 725,439) | 813,692) | 1,052,872) |
| Property and equipment, net | 58,367) | 65,035) | 69,651) | 95,470) | 141,335) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 10.25 | 9.96 | 10.42 | 8.52 | 7.45 |
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).
1 2016 Calculation
Segment asset turnover = Revenue ÷ Property and equipment, net
= 598,531 ÷ 58,367 = 10.25
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Asia Pacific | Asia Pacific segment asset turnover ratio deteriorated from 2014 to 2015 but then improved from 2015 to 2016 not reaching 2014 level. |
Revenue
Yahoo! Inc., revenue by reportable segment
US$ in thousands
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
|---|---|---|---|---|---|
| Americas | 4,172,836) | 3,976,770) | 3,517,861) | 3,481,502) | 3,461,633) |
| Europe, Middle East, and Africa (EMEA) | 397,768) | 343,646) | 374,833) | 385,186) | 472,061) |
| Asia Pacific | 598,531) | 647,885) | 725,439) | 813,692) | 1,052,872) |
| Total | 5,169,135) | 4,968,301) | 4,618,133) | 4,680,380) | 4,986,566) |
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).
Revenue ex-TAC
Yahoo! Inc., revenue ex-tac by reportable segment
US$ in thousands
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
|---|---|---|---|---|---|
| Americas | 2,709,615) | 3,188,045) | 3,351,316) | 3,322,528) | 3,279,122) |
| Europe, Middle East, and Africa (EMEA) | 253,221) | 286,362) | 337,966) | 342,271) | 357,831) |
| Asia Pacific | 555,513) | 616,380) | 711,320) | 761,139) | 830,707) |
| Total | 3,518,349) | 4,090,787) | 4,400,602) | 4,425,938) | 4,467,660) |
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).
Property and equipment, net
Yahoo! Inc., property and equipment, net by reportable segment
US$ in thousands
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
|---|---|---|---|---|---|
| Americas | 1,123,210) | 1,448,348) | 1,383,384) | 1,348,072) | 1,485,094) |
| Europe, Middle East, and Africa (EMEA) | 28,360) | 33,940) | 34,649) | 44,976) | 59,416) |
| Asia Pacific | 58,367) | 65,035) | 69,651) | 95,470) | 141,335) |
| Total | 1,209,937) | 1,547,323) | 1,487,684) | 1,488,518) | 1,685,845) |
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).