Yahoo 1998 Annual Report Download - page 24

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selected financial data
Year Ended December 31,
(in thousands, except per share amounts) 1998 1997 1996 1995
STATEMENTS OF OPERATIONS DATA:
Net revenues $ 203,270 $ 70,450 $ 21,490 $ 1,620
Gross profit 176,528 59,565 16,768 1,339
Total operating expenses 147,760 90,347 27,702 2,428
Net income (loss) 25,588(a) (25,520)(b) (6,427) (1,016)
Net income (loss)
per share - basic*0.14 (0.15) (0.04) (0.01)
Net income (loss)
per share - diluted *$ 0.11(a) $ (0.15)(b) $ (0.04) $ (0.01)
Shares used in per share
calculation - basic*184,060 174,672 157,300 109,468
Shares used in per share
calculation - diluted *224,100 174,672 157,300 109,468
December 31,
1998 1997 1996 1995
BALANCE SHEETS DATA:
Cash, cash equivalents, and
short and long-term
investments in
marketable debt
securities $ 482,426 $108,045 $ 106,695 $ 6,167
Working capital 387,256 84,050 92,790 5,620
Total assets 621,884 143,512 116,205 7,489
Shareholders’ equity $ 536,210 $118,358 $ 105,916 $ 5,975
Note: The selected financial data for the four years ended December 31, 1998 has been restated to reflect the acquisition of
Yoyodyne Entertainment, Inc. which was accounted for as a pooling of interests.
* Reflects the two-for-one stock splits effective August 1998 and February 1999.
(a) Net income and net income per share include non-recurring charges of $19.4 million incurred in connection with the
J une 1998 acquisition of Viaweb Inc., the October 1998 acquisition of Yoyodyne Entertainment, Inc., and the December
1998 acquisition of HyperParallel, Inc., and amortization of $4.9 million on intangible assets. Pro forma net income and
net income per share - diluted, excluding these expenses, would have been $49.9 million and $0.22, respectively.
(b) Net loss and net loss per share include non-recurring charges of $21.2 million related to the Yahoo! Marketplace
restructuring and $3.9 million incurred in connection with the October 1997 acquisition of Four11 Corporation. Pro
forma net loss and net loss per share - diluted, excluding these expenses, would have been $0.4 million and $0.00,
respectively.
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