Yahoo 1998 Annual Report Download - page 36

consolidated balance sheets
December 31,
(in thousands, except par value) 1998 1997
ASSETS
Current assets:
Cash and cash equivalents $ 125,474 $ 63,571
Short-term investments in marketable securities 308,025 27,772
Accounts receivable, net of allowance of
$4,967 in 1998 and $2,598 in 1997 24,831 11,163
Prepaid expenses and other current assets 8,909 5,982
Total current assets 467,239 108,488
Long-term investments in marketable securities 90,266 16,702
Property and equipment, net 15,189 7,364
Other assets 49,190 10,958
Total assets $ 621,884 $ 143,512
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable $ 6,302 $ 5,256
Accrued expenses and other current liabilities 34,419 12,685
Deferred revenue 38,301 5,085
Due to related parties 961 1,412
Total current liabilities 79,983 24,438
Deferred tax liability 4,443 –
Commitments and contingencies (Note 9)
Minority interests in consolidated subsidiaries 1,248 716
Shareholders’ equity:
Preferred Stock, $0.001 par value;
10,000 shares authorized; none issued
or outstanding in 1998 and 1997 ––
Common Stock, $0.00017 par value;
900,000 shares authorized; 199,019 issued
and outstanding in 1998 and 180,408 issued
and outstanding in 1997 23 20
Additional paid-in capital 522,997 151,744
Accumulated deficit (8,442) (32,963)
Accumulated other comprehensive income (loss) 21,632 (443)
Total shareholders’ equity 536,210 118,358
Total liabilities and shareholders’ equity $ 621,884 $ 143,512
The accompanying notes are an integral part of these consolidated financial statements.
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