Yahoo 1998 Annual Report Download - page 37

Download and view the complete annual report

Please find page 37 of the 1998 Yahoo annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 66

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66

consolidated statements of operations
Year Ended December 31,
(in thousands, except per share amounts) 1998 1997 1996
Net revenues $ 203,270 $ 70,450 $ 21,490
Cost of revenues 26,742 10,885 4,722
Gross profit 176,528 59,565 16,768
Operating expenses:
Sales and marketing 92,380 45,778 16,168
Product development 22,742 12,082 5,700
General and administrative 11,210 7,392 5,834
Amortization of intangibles 2,028 ––
Other - non-recurring costs 19,400 25,095 –
Total operating expenses 147,760 90,347 27,702
Income (loss) from operations 28,768 (30,782) (10,934)
Investment income, net 14,579 4,535 3,967
Minority interests in operations
of consolidated subsidiaries 68 727 540
Income (loss) before income taxes 43,415 (25,520) (6,427)
Provision for income taxes 17,827 ––
Net income (loss) $ 25,588 $ (25,520) $ (6,427)
Net income (loss) per share - basic $ 0.14 $ (0.15) $ (0.04)
Net income (loss) per share - diluted $ 0.11 $ (0.15) $ (0.04)
Shares used in per share
calculation - basic 184,060 174,672 157,300
Shares used in per share
calculation - diluted 224,100 174,672 157,300
The accompanying notes are an integral part of these consolidated financial statements.
34 35
32
30
33
28
31
26
29
24
27
22
25
20
23
18
21
19
36 37
38 39