Selected Quarterly Financial Data

12 Months Ended

Dec. 31, 2013

Selected Quarterly Financial Data

(Unaudited)


	Quarters Ended
	March 31, 2012⁽¹⁾			June 30, 2012⁽²⁾			September 30, 2012⁽³⁾			December 31, 2012⁽⁴⁾			March 31, 2013⁽⁵⁾			June 30, 2013⁽⁶⁾			September 30, 2013⁽⁷⁾			December 31, 2013⁽⁸⁾
	(In thousands, except per share amounts)
Revenue	$	1,221,233		$	1,217,794		$	1,201,732		$	1,345,807		$	1,140,368		$	1,135,244		$	1,138,973		$	1,265,795
Total operating expenses	$	1,051,857		$	1,162,981		$	1,049,543		$	1,155,817		$	954,398		$	998,265		$	1,046,214		$	1,091,577
Income from operations	$	169,376		$	54,813		$	152,189		$	189,990		$	185,970		$	136,979		$	92,759		$	174,218
Other income, net	$	2,278		$	20,175		$	4,607,656		$	17,730		$	17,072		$	23,606		$	5,370		$	(2,691	)
Provision for income taxes	$	(56,419	)	$	(26,523	)	$	(1,774,094	)	$	(83,007	)	$	(29,736	)	$	(50,267	)	$	(31,891	)	$	(41,498	)
Earnings in equity interests	$	172,243		$	179,991		$	175,265		$	148,939		$	217,588		$	224,690		$	232,756		$	221,641
Net income attributable to Yahoo! Inc.	$	286,343		$	226,631		$	3,160,238		$	272,267		$	390,285		$	331,150		$	296,656		$	348,190

Net income attributable to Yahoo! Inc. common stockholders per share—basic	$	0.24		$	0.19		$	2.66		$	0.24		$	0.36		$	0.31		$	0.29		$	0.34

Net income attributable to Yahoo! Inc. common stockholders per share—diluted	$	0.23		$	0.18		$	2.64		$	0.23		$	0.35		$	0.30		$	0.28		$	0.33

Shares used in per share calculation— basic		1,215,783			1,213,320			1,186,046			1,155,950			1,094,170			1,079,389			1,024,289			1,012,972

Shares used in per share calculation— diluted		1,226,486			1,221,719			1,195,085			1,168,336			1,108,095			1,094,694			1,041,698			1,038,754

⁽¹⁾	Net income attributable to Yahoo! Inc. for the quarter ended March 31, 2012 includes net restructuring charges of $6 million.

⁽²⁾	Net income attributable to Yahoo! Inc. for the quarter ended June 30, 2012 includes net restructuring charges of $129 million.

⁽³⁾	Net income attributable to Yahoo! Inc. for the quarter ended September 30, 2012 includes net restructuring charges of $25 million and pre-tax gain of $4.6 billion related to the sale of Alibaba Group Shares, which is included in other income, net.

⁽⁴⁾	Net income attributable to Yahoo! Inc. for the quarter ended December 31, 2012 includes a one-time distribution of foreign earnings resulting in an overall net benefit of approximately $117 million and net restructuring charges of $77 million.

⁽⁵⁾	Net income attributable to Yahoo! Inc. for the quarter ended March 31, 2013 includes net restructuring reversals of $7 million.

⁽⁶⁾	Net income attributable to Yahoo! Inc. for the quarter ended June 30, 2013 includes net restructuring charges of $4 million.

⁽⁷⁾	Net income attributable to Yahoo! Inc. for the quarter ended September 30, 2013 includes net restructuring reversals of less than $1 million.

⁽⁸⁾	Net income attributable to Yahoo! Inc. for the quarter ended December 31, 2013 includes a gain on sale of patents of $70 million, a goodwill impairment charge of $64 million, and net restructuring charges of $8 million.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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