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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: GrillSgt who wrote (214763)1/15/2003 4:47:00 PM
From: patron_anejo_por_favor  Read Replies (1) of 436258
 
Yay-hoo getting pummelled nicely in the after market. Their quarterly statement is Enron-esque in it's "clarity"....(their "income" statement is a hoot, too, but I don't feel like posting it, check the link):

biz.yahoo.com

EBITDA: In the fourth quarter of 2002, Yahoo! reported EBITDA of $85.3 million or 30 percent of net revenues, versus $11.7 million or 6 percent of net revenues reported for the same period in 2001. Excluding the $16.8 million in restructuring costs recorded in the fourth quarter of 2001, EBITDA for that period would have been $28.5 million or 15 percent of net revenues. The favorable comparison to the same period in the prior year is primarily the result of the $96.9 million, or 51 percent revenue increase as described above, combined with costs growing at a slower pace. Recurring costs and expenses included in EBITDA increased only $40.1 million or 25 percent, primarily as a result of ongoing costs and expenses associated with HotJobs being brought into Yahoo!'s cost structure, in addition to increases in total compensation related and marketing expenses from investments in areas that the Company believes will drive long-term growth.

Easy for them to say!<G>
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