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The statement of cash flows for Yahoo! are as follows: Yahoo! Inc. Consolidated Statements of cash flow Year ended December 31, ($ thousand) Year 8 Year 7 Year 6 ($) ($). ($) Cash flow from operating activities Net income(loss) 25,588 (25,520) 6,472 Adjustment to reconcile net income (loss) to net cash provided by (used in) operating activities Depreciation and amortization Tax benefit from stock options 10,215 2,737 639 17,827 Non-cash charges related to stock option grants and warrant issuances 926 1,676 197 Minority interest in operation of consolidated subsidiaries (68) (727) (540) 17,300 Purchased in process research and development Other on cash charge 21,245 Changes in assets and liabilities Account receivables, net (13,616) 2,144 5,963 4,269 Prepaid expenses Account payable (6,110) 2,425 (386) 1,386 515 Accrued expenses and other current liabilities deferred revenue 4,393 1,665 948 7,404 16,688 33,210 (451) 2,983 Due to related parties 330 Net cash provided by (used in) operating system 110,278 480 (2,394)

The statement of cash flows for Yahoo! are as follows: Yahoo! Inc. Consolidated Statements of cash flow Year ended December 31, ($ thousand) Year 8 Year 7 Year 6 ($) ($). ($) Cash flow from operating activities Net income(loss) 25,588 (25,520) 6,472 Adjustment to reconcile net income (loss) to net cash provided by (used in) operating activities Depreciation and amortization Tax benefit from stock options 10,215 2,737 639 17,827 Non-cash charges related to stock option grants and warrant issuances 926 1,676 197 Minority interest in operation of consolidated subsidiaries (68) (727) (540) 17,300 Purchased in process research and development Other on cash charge 21,245 Changes in assets and liabilities Account receivables, net (13,616) 2,144 5,963 4,269 Prepaid expenses Account payable (6,110) 2,425 (386) 1,386 515 Accrued expenses and other current liabilities deferred revenue 4,393 1,665 948 7,404 16,688 33,210 (451) 2,983 Due to related parties 330 Net cash provided by (used in) operating system 110,278 480 (2,394)

Financial Accounting: The Impact on Decision Makers
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter12: The Statement Of Cash Flows
Section: Chapter Questions
Problem 12.20MCE
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CASH FLOW ANALYSIS

a) Yahoo! Engages in purchases and sales of marketable securities. Why do you believe Yahoo! pursue this activity? EXPLAIN BRIELFY.
Yahoo! reports $33.21 million of deferred revenue. Based on your understanding of Yahoo!’s operation, what do you believe this amount represents. EXPLAIN BRIEFLY.

The statement of cash flows for Yahoo! are as follows: Yahoo! Inc. Consolidated Statements of cash flow Year ended December 31, ($ thousand) Year 8 Year 7 Year 6 ($) ($) ($) Cash flow from operating activities Net income(loss) 25,588 (25,520) 6,472 Adjustment to reconcile net income (loss) to net cash provided by (used in) operating activities Depreciation and amortization Tax benefit from stock options 10,215 17,827 2,737 639 Non-cash charges related and warrant issuances stock option grants 926 1,676 197 (68) Minority interest in operation of consolidated subsidiaries (727) (540) Purchased in process research and development Other on cash charge 17,300 21,245 Changes in assets and liabilities Account receivables, net (13,616) 5,963 4,269 Prepaid expenses Account payable (6,110) 2,425 (386) 1,386 2,144 515 7,404 2,983 Accrued expenses and other current liabilities 4,393 16,688 33,210 deferred revenue 1,665 Due to related parties (451) 330 948 Net cash provided by (used in) operating system 110,278 480 (2,394)
Transcribed Image Text:The statement of cash flows for Yahoo! are as follows: Yahoo! Inc. Consolidated Statements of cash flow Year ended December 31, ($ thousand) Year 8 Year 7 Year 6 ($) ($) ($) Cash flow from operating activities Net income(loss) 25,588 (25,520) 6,472 Adjustment to reconcile net income (loss) to net cash provided by (used in) operating activities Depreciation and amortization Tax benefit from stock options 10,215 17,827 2,737 639 Non-cash charges related and warrant issuances stock option grants 926 1,676 197 (68) Minority interest in operation of consolidated subsidiaries (727) (540) Purchased in process research and development Other on cash charge 17,300 21,245 Changes in assets and liabilities Account receivables, net (13,616) 5,963 4,269 Prepaid expenses Account payable (6,110) 2,425 (386) 1,386 2,144 515 7,404 2,983 Accrued expenses and other current liabilities 4,393 16,688 33,210 deferred revenue 1,665 Due to related parties (451) 330 948 Net cash provided by (used in) operating system 110,278 480 (2,394)
Cash flow from investing activities Acquisition of property and equipment (11,911) 199 (6,722) (3,442) cash acquired in acquisitions Purchase of marketable securities (471,135) (115,247) 43,240 (58,753) Proceeds from sales and maturities of marketable 158,350 86,678 securities (1,649) 19,554 (729) (76,178) Others investment (5,445) (329,942) Net cash provided by (used in) investing activities Cash flow from financing activities Proceeds from issuance of common stock, net 280,679 7,516 42,484 63,750 Proceeds from issuance of convertible preferred stock Proceeds from minority investors 600 999 1,050 Other 1,106 128 281,279 Net cash provided by financing activities Effect of exchange rate changes on cash and cash equivalent Net change in cash and cash equivalents cash and cash equivalents at beginning of year cash and cash equivalents at end of year 9,621 107,156 288 (380) (63) 61,903 29,275 28,521 63,571 34,296 5,775 125,474 63,571 34,296
Transcribed Image Text:Cash flow from investing activities Acquisition of property and equipment (11,911) 199 (6,722) (3,442) cash acquired in acquisitions Purchase of marketable securities (471,135) (115,247) 43,240 (58,753) Proceeds from sales and maturities of marketable 158,350 86,678 securities (1,649) 19,554 (729) (76,178) Others investment (5,445) (329,942) Net cash provided by (used in) investing activities Cash flow from financing activities Proceeds from issuance of common stock, net 280,679 7,516 42,484 63,750 Proceeds from issuance of convertible preferred stock Proceeds from minority investors 600 999 1,050 Other 1,106 128 281,279 Net cash provided by financing activities Effect of exchange rate changes on cash and cash equivalent Net change in cash and cash equivalents cash and cash equivalents at beginning of year cash and cash equivalents at end of year 9,621 107,156 288 (380) (63) 61,903 29,275 28,521 63,571 34,296 5,775 125,474 63,571 34,296
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