Stephen if not for the $8 mill investment income, YHOO lost (-11) cents a share
Yahoo! Inc.
Unaudited Condensed Consolidated Statements of Operations
(in thousands, except per share amounts)
Three Months Ended Six Months Ended
June 30, June 30,
--------------------- --------------------
1999 1998 1999 1998
--------- --------- --------- ---------
Net revenues $ 115,239 $ 44,948 $ 209,505 $ 77,811
Cost of revenues 15,766 7,774 28,679 13,664
Amortization of
purchased
technology 2,708 417 4,674 417
--------- --------- --------- ---------
Total cost of
revenues 18,474 8,191 33,353 14,081
--------- --------- --------- ---------
Gross profit 96,765 36,757 176,152 63,730
--------- --------- --------- ---------
Operating expenses:
Sales and
marketing 42,655 23,948 80,887 43,023
Product
development 12,883 6,437 25,317 12,159
General and
administrative 6,892 4,538 13,694 7,989
Amortization of
intangibles 3,459 290 6,662 290
Other - non-
recurring
costs (1) 56,125 15,000 65,900 15,000
--------- --------- --------- ---------
Total
operating
expenses 122,014 50,213 192,460 78,461
--------- --------- --------- ---------
Loss from operations (25,249) (13,456) (16,308) (14,731)
Investment income,
net 8,011 2,156 15,546 3,837
Minority interests
in operations of
consolidated
subsidiaries (839) 112 (1,164) 355
--------- --------- --------- ---------
Loss before income
taxes (18,077) (11,188) (1,926) (10,539)
Provision (benefit)
for income
taxes (2) (3,015) 3,060 7,493 4,131
--------- --------- --------- ---------
Net loss $ (15,062) $ (14,248) $ (9,419) $ (14,670)
========= ========= ========= =========
Net loss per share -
diluted $ (0.07) $ (0.08) $ (0.04) $ (0.08)
========= ========= ========= =========
Shares used in per
share calculation
- diluted 227,461 181,352 225,753 178,138
========= ========= ========= =========
Haim |
