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Technology Stocks : Altaba Inc. (formerly Yahoo) -- Ignore unavailable to you. Want to Upgrade?

To: IKM who wrote (6456)	1/14/1998 7:39:00 PM
From: LRS	Respond to of 27307

What you are looking at is a consolidated statement of net income, so INCLUDED are the FULL results of its subsidiaries (some of which are 100% owned and others are just majority owned by YHOO). For those subsidiaries in which YHOO is a majority owner, by definition there exists a minority owner. This minority owner "claims" income and losses in relation to its ownership interest. When there is positive income, the minority's interest must be subtracted from YHOO's consolidated statement (since these go to the minority owner and are not YHOO's). When there are losses, a portion must be added back to YHOO's consolidated statements since the minority owner "owns" that portion of the losses. So, bottom line is that YHOO's subs are losing money on an aggregate basis and YHOO gets a "credit" (so to speak) for the losses that are "owned by" its minority partners.