Yahoooooo
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09 JUL 22:34 AFX *YAHOO Q2 FIRST CALL EARNS EST. 8C
YAHOO! INC - Nasdaq National Market: YHOO
Consolidated Real-time Market Quote*
| Last | Change (%) | After Hours Chg (%)** | Bid | Ask | Trade Time |
| 34.25 |  0.85 (2.42) | 1.04 (2.95) | 34.25 (1.10) | 34.27 (2) | 16:35 |
Exchange Quote
| Last | Change (%) | Bid (size) | Ask (size) | Trade Time |
| 35.29 |  0.19 (0.54) | 35.44 (3) | 35.46 (14) | 16:00 |
| Day Volume | Last Size | Open | High | Low |
| 18,540,383 | 9,600 | 35.07 | 35.79 | 34.35 |
| Latest Ticks | # of Trades | Avg Trade Size | VWAP | 52 Wk High |
| +=== | 38,322 | 484 | 35.0879 | 35.72 |
| 52 Wk Low | Prev Close | Avg Day Vol | ||
| 8.94 | 35.10 | 12,289,600 |
SAN FRANCISCO (AFX) -- Yahoo said late Wednesday that second-quarter
earnings grew to $50.8 million, or 8 cents per share, up from $16.48 million, or
3 cents per share, in the same period a year ago. Analysts expected Yahoo to
earn 8 cents. Yahoo also reported quarterly sales of $321 million, up from
$225.7 million in the year-ago period, and better than the consensus estimate of
$314 million. Yahoo's results, however, did not meet the most optimistic
earnings projection of 9 cents per share. Yahoo barely topped the most
optimistic sales forecast of $320 million. Shares of Yahoo rose 19 cents to
$35.29 in regular trading. Yahoo fell to $34.05 in after-hours action.
This story was supplied by CBSMarketWatch. For further information see
www.cbsmarketwatch.com.
Im dritten Quartal rechnet das Unternehmen mit einem Umsatz zwischen $318-$338 Millionen, im Gesamtjahr soll der Umsatz bei $1.26-$1.31 Milliarden liegen. Hiermit wurde der Ausblick auf den Umsatz im Gesamtjahr angehoben, so Yahoo.
Die Aktie reagiert zuletzt negativ auf die Zahlen und fällt um 3.20% auf $34.16.
©BörseGo 2000-2002
Optionen
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Wertpapier: Altaba |
Consolidated Real-time Market Quote*
| Last | Change (%) | After Hours Chg (%)** | Bid | Ask | Trade Time |
| 34 | 1.1 (3.13) | 1.29 (3.66) | 33.95 (26) | 34 (14.38) | 16:38 |
Exchange Quote
| Last | Change (%) | Bid (size) | Ask (size) | Trade Time |
| 35.29 | 0.19 (0.54) | 35.42 (5) | 35.45 (1) | 16:00 |
| Day Volume | Last Size | Open | High | Low |
| 18,664,259 | 200 | 35.07 | 35.79 | 34.35 |
| Latest Ticks | # of Trades | Avg Trade Size | VWAP | 52 Wk High |
| +=== | 38,322 | 487 | 35.0879 | 35.72 |
| 52 Wk Low | Prev Close | Avg Day Vol | ||
| 8.94 | 35.10 | 12,289,600 |
Quote | Discussion | Chart | News | Valuations | Earnings | Analysts | Picks | Sentiment | Technicals | Profile | Industry | News Selects | Insiders | Options | Fundamentals | Financials | Sec Filings
Yahoo! Reports Second Quarter 2003 Financial Results; Company Posts Second Quarter Operating Income of $63 Million, Operating Income Before Depreciation and Amortization of $97 Million
Wednesday, July 09, 2003 4:33:04 PM ET Quote News Earnings Analysts Valuations Sentiment Picks Insiders News Selects Discussion Profile Fundamentals Industry Technicals Chart Intra-Day Chart Price History Option Chain Financials Income Statement Balance Sheet
Ticker Lookup
SUNNYVALE, Calif., Jul 9, 2003 (BUSINESS WIRE) -- Yahoo! Inc. (YHOO) today reported results for the second quarter ended June 30, 2003. Net revenues for the second quarter totaled $321.4 million, a 42 percent increase over the $225.8 million reported for the same period in 2002. Operating income for the second quarter of 2003 was $62.8 million, compared to $7.5 million for the same period of 2002. Operating income before depreciation and amortization for the second quarter of 2003 was $97.3 million, compared to $35.0 million for same period of 2002. Cash flow from operating activities for the second quarter of 2003 was $92.1 million, compared to $103.4 million for same period of 2002. Free cash flow for the second quarter of 2003 was $67.7 million, compared to $64.0 million for same period of 2002.
Net revenues for the six months ended June 30, 2003 totaled $604.4 million, a 44 percent increase over the $418.5 million reported for the same period in 2002. Operating income for the six months ended June 30, 2003 was $117.7 million, compared to $3.3 million for same period of 2002. Operating income before depreciation and amortization for the six months ended June 30, 2003 was $181.3 million, compared to $53.8 million for same period of 2002. Cash flow from operating activities for the six months ended June 30, 2003 was $190.8 million, compared to $150.8 million for same period of 2002. Free cash flow for the six months ended June 30, 2003 was $142.8 million, compared to $102.3 million for same period of 2002.
"We’re very excited about the results we have seen in the second quarter, the largest revenue producing quarter in our history. Each piece of our engine is working smoothly with the others, and the numbers show that over the last eighteen months, our performance has been stronger and better," said Terry Semel, chairman and chief executive officer, Yahoo!. "Some of the key drivers of success this quarter include more balanced growth in marketing services, from both traditional advertising and sponsored search, as well as ongoing success in converting consumers and small businesses to fee-based services. We are optimistic about the future and we remain steadfastly focused on execution against our priorities."
Business Outlook
"This quarter’s results demonstrate continued balanced growth across all of our revenue contributors and strong trends in our key financial metric of overall free cash flow generation. As we exit our fifth consecutive quarter of GAAP profitability, we continue to execute upon the key business and financial objectives we have laid out as a company, resulting from a steadily increased base of hundreds of blue-chip traditional marketers, thousands of small- and medium-sized businesses, and millions of worldwide consumers. We are also upwardly revising our business outlook for revenues and operating income before depreciation and amortization for the full year 2003, and we are pleased that our own visibility in our financial prospects has increased," said Susan Decker, chief financial officer, Yahoo!. Please refer to the "Notes to Unaudited Condensed Consolidated Statements of Operations" attached to this press release for our business outlook.
Second Quarter 2003 Financial Highlights
Revenues: In the second quarter of 2003, Yahoo! reported net revenues of $321.4 million, a 42 percent increase from the same period in 2002. For the six months ended June 30, 2003, net revenues were $604.4 million, a 44 percent increase from the $418.5 million reported in the same period in 2002.
Marketing services revenues for the second quarter of 2003 totaled $219.2 million, a 44 percent increase from the same period in 2002. Marketing services revenues for the six months ended June 30, 2003 totaled $409.2 million, a 41 percent increase from the same period in 2002. These increases resulted from a combination of a strong increase in revenues from Yahoo!’s sponsored search services, as well as growth in the balance of Yahoo!’s global marketing services revenues.
Fees revenues for the second quarter of 2003 totaled $69.9 million, a 43 percent increase compared to the same period in 2002. Fees revenues for the six months ended June 30, 2003 totaled $133.7 million, a 51 percent increase compared to the same period in 2002. These increases were primarily driven by the growth in paying relationships for Yahoo!’s premium services, including the SBC Yahoo! DSL and Dial products, Yahoo! Personals, and our small business and communications suites of premium services, partially offset by a decrease in our event webcasting business.
Listings revenues for the second quarter of 2003 totaled $32.3 million, a 29 percent increase compared to the same period in 2002. Listings revenues for the six months ended June 30, 2003 totaled $61.5 million, a 52 percent increase compared to the same period in 2002. These increases were driven primarily by the incremental contribution of revenue from HotJobs, which was acquired in February 2002, as well as increases in our search and marketplace services revenues.
Operating income and Operating income before depreciation and amortization: Operating income for the second quarter of 2003 totaled $62.8 million, compared to $7.5 million in the same period of 2002. Operating income before depreciation and amortization for the second quarter of 2003 totaled $97.3 million, a 178 percent increase compared to the $35.0 million reported in the same period of 2002. Operating income margin was 20 percent of net revenues in the second quarter of 2003 compared to 3 percent of net revenues for the same period of 2002. Operating income before depreciation and amortization margin doubled to 30 percent of net revenues in the second quarter of 2003 compared to 15 percent of net revenues in the same period of 2002. The substantial increase in Operating income and operating income before depreciation and amortization reflects strong growth in net revenues and only an 18 percent increase in costs on a year over year basis as a result of our ongoing cost discipline.
Operating income for the six months ended June 30, 2003 totaled $117.7 million, compared to $3.3 million in the same period of 2002. Operating income before depreciation and amortization for the six months ended June 30, 2003 totaled $181.3 million, a 237 percent increase compared to the $53.8 million reported in the same period of 2002. Operating income margin was 19 percent of net revenues for the six months ended June 30, 2003 compared to 1 percent of net revenues for the same period of 2002. Operating income before depreciation and amortization margin increased to 30 percent of net revenues for the six months ended June 30, 2003 compared to 13 percent of net revenues in the same period of 2002.
Cash flow from operating activities and Free cash flow: Cash flow from operating activities for the second quarter of 2003 totaled $92.1 million, compared to $103.4 million for the same period of 2002. Free cash flow for the second quarter of 2003 totaled $67.7 million, a 6 percent increase compared to the $64.0 million reported for the same period of 2002.
Cash flow from operating activities for the six months ended June 30, 2003 totaled $190.8 million, compared to $150.8 million for the same period of 2002. Free cash flow for the six months ended June 30, 2003 totaled $142.8 million, a 40 percent increase compared to the $102.3 million reported for the same period of 2002.
Net Income (Loss): Net income for the second quarter of 2003 was $50.8 million or $0.08 per diluted share, compared with $21.4 million or $0.03 per diluted share for the same period of 2002.
Net income for the six months ended June 30, 2003 was $97.5 million or $0.16 per diluted share, compared with income before the cumulative effect of accounting change of $31.9 million or $0.05 per diluted share for the same period of 2002. Net loss was $32.3 million or $0.05 per diluted share for the six months ended June 30, 2002, including the charge of $64.1 million for the cumulative effect of the accounting change for the implementation of Statement of Financial Accounting Standard No. 142 ("SFAS 142"). SFAS 142, which the Company adopted January 1, 2002, requires companies to assess the goodwill recorded from previous acquisitions, and as necessary, record an impairment charge that does not affect cash or the Company’s operations.
Quarterly Conference Call
Yahoo! will host a conference call to discuss second quarter results at 5:00 p.m. Eastern Time today. A live Webcast of the conference call, together with supplemental financial information can be accessed through the Company’s Investor Relations Web site at http://yhoo.client.shareholder.com/earnings.cfm.Inaddition, an archive of the Webcast can be accessed through the same link. An audio replay of the call will be available for 48 hours following the conference call by calling 877-213-9653 or 630-652-3041, reservation number: 7404923.
About Yahoo!
Yahoo! Inc. is a leading provider of comprehensive online products and services to consumers and businesses worldwide. Yahoo! is the No. 1 Internet brand globally and the most trafficked Internet destination worldwide. Headquartered in Sunnyvale, Calif., Yahoo!’s global network includes 25 World properties and is available in 13 languages.
This press release and its attachments contain forward-looking statements that involve risks and uncertainties concerning Yahoo!’s expected financial performance (as described without limitation in the Business Outlook section and quotations from management in this press release), as well as Yahoo!’s strategic and operational plans. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, decreases or delays in advertising spending; the actual increases in demand by customers for Yahoo!’s premium services; acceptance of new products and services; general economic conditions; risks related to the integration of recent acquisitions; the ability to adjust to changes in personnel, including management changes; and the dependence on third parties for technology, services, content and distribution. All information set forth in this release and its attachments is as of July 9, 2003, and Yahoo! undertakes no duty to update this information. More information about potential factors that could affect the Company’s business and financial results is included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2002 and Quarterly Report on Form 10-Q for the quarter ended March 31, 2003, including (without limitation) under the captions, "Risk Factors" and "Management’s Discussion and Analysis of Financial Condition and Results of Operations," which are on file with the Securities and Exchange Commission (the "SEC") and available at the SEC’s website at www.sec.gov. Additional information will also be set forth in those sections in Yahoo!’s Quarterly Report on Form 10-Q for the three month period ended June 30, 2003, which will be filed with the SEC in the third quarter of 2003.
Yahoo! and the Yahoo! logos are trademarks and/or registered trademarks of Yahoo! Inc. All other names are trademarks and/or registered trademarks of their respective owners.
Yahoo! Inc.
Unaudited Condensed Consolidated Statements of Operations
(in thousands, except per share amounts)
Three Months Ended Six Months Ended
June 30, June 30,
----------------------------------------
2003 2002 2003 2002
----------------------------------------
Net revenues $ 321,406 $ 225,792 $ 604,354 $ 418,457
Costs and expenses:
Cost of revenues 46,842 41,708 89,974 79,529
Sales and marketing 122,218 110,015 235,906 206,161
Product development 45,687 35,162 82,371 67,944
General and administrative 34,125 25,437 62,845 52,106
Amortization of intangibles 9,762 5,952 15,509 9,374
--------- --------- --------- ---------
Total costs and expenses 258,634 218,274 486,605 415,114
--------- --------- --------- ---------
Income from operations 62,772 7,518 117,749 3,343
Other income, net (1) 20,335 29,228 42,594 51,897
Minority interests in operations
of consolidated subsidiaries (1,126) 139 (3,034) 351
--------- --------- --------- ---------
Income before income taxes and
cumulative effect of
accounting change 81,981 36,885 157,309 55,591
Provision for income taxes 31,153 15,491 59,778 23,722
--------- --------- --------- ---------
Income before cumulative effect
of accounting change 50,828 21,394 97,531 31,869
Cumulative effect of accounting
change - - - (64,120)
--------- --------- --------- ---------
Net income (loss) $ 50,828 $ 21,394 $ 97,531 $ (32,251)
========= ========= ========= =========
Net income (loss) per
share - diluted:
Income before cumulative
effect of accounting
change $ 0.08 $ 0.03 $ 0.16 $ 0.05
Cumulative effect of
accounting change - - - (0.10)
--------- --------- --------- ---------
Net income (loss) per
share - diluted $ 0.08 $ 0.03 $ 0.16 $ (0.05)
========= ========= ========= =========
Shares used in per share
calculation - diluted (2) 628,577 615,542 622,183 612,781
========= ========= ========= =========
--------------------------------------------------
Supplemental Financial Data (3)
Income from operations $ 62,772 $ 7,518 $ 117,749 $ 3,343
Operating income before
depreciation
and amortization $ 97,275 $ 34,994 $ 181,325 $ 53,774
Cash flow provided by
operating activities $ 92,123 $ 103,382 $ 190,751 $ 150,825
Free cash flow $ 67,652 $ 64,008 $ 142,764 $ 102,302
--------------------------------------------------
(1) Other income, net for the three months ended June 30, 2003
includes approximately $2.3 million of net investment losses.
Other income, net for the six months ended June 30, 2003 includes
approximately $0.7 million of net losses, comprised of $1.6
million of net investment losses, $0.7 million of proceeds from
the termination of a contract, and $0.2 million of net gains on
disposal of assets. Other income, net for the three months ended
June 30, 2002 includes $4.9 million of net investment gains. Other
income, net for the six months ended June 30, 2002 includes $3.0
million of net investment gains and $2.5 million of proceeds from
the termination of contracts.
(2) Diluted net loss per share for the six months ended June 30, 2002
is computed excluding common share equivalents of 19,972 shares,
as their effect is anti-dilutive.
(3) The Company believes that certain non-GAAP measures, including
operating income before depreciation and amortization and free
cash flow are helpful, when presented in conjunction with the
comparable GAAP measures. Operating income before depreciation and
amortization is defined as income (loss) from operations before
depreciation and amortization. Operating income before
depreciation and amortization eliminates the effects of
depreciation and amortization from period to period, which we
believe is useful to management and investors in evaluating the
operating performance of the Company as depreciation and
amortization costs are not directly attributable to the underlying
performance of the business operations.
Free cash flow is defined as cash flow from operating activities
less capital expenditures, change in long-term deferred revenue
and non-cash investment gains (losses) and other. Change in long-
term deferred revenue represents cash payments received in advance
of revenue recognized related to the Company’s agreement with its
sponsored search provider, which is expected to be recognized as
marketing services revenue in 2005. Non-cash investment gains
(losses) and other represents non-cash gains (losses) and
impairment of investments. Free cash flow is considered a
liquidity measure and provides useful information to management
and investors about the amount of cash generated after the
acquisition of property and equipment, non-cash investment gains
(losses), change in long-term deferred revenue and other, which
can then be used for strategic opportunities including, among
others, to invest in the business, make strategic acquisitions,
strengthen the balance sheet and repurchase stock.
In addition, management refers to these financial measures to
facilitate internal comparisons to the Company’s historical
operating results, in making operating decisions and for budget
planning purposes. These measures should be considered in
addition to, not as a substitute for, or superior to, operating
income, cash flows from operating activities, or other measures of
financial performance prepared in accordance with generally
accepted accounting principles.
Yahoo! Inc.
Notes to Unaudited Condensed Consolidated Statements of Operations
(in thousands, except per share amounts and percentages)
Three Months Ended Six Months Ended
June 30, June 30,
----------------------------------------
2003 2002 2003 2002
----------------------------------------
Net revenues for groups of
similar services:
Marketing services $ 219,198 $ 151,710 $ 409,163 $ 289,385
Fees 69,926 49,063 133,655 88,609
Listings 32,282 25,019 61,536 40,463
--------- --------- --------- ---------
Total net revenues $ 321,406 $ 225,792 $ 604,354 $ 418,457
========= ========= ========= =========
Net revenues by segment:
United States $ 271,345 $ 187,465 $ 509,891 $ 354,077
International 50,061 38,327 94,463 64,380
--------- --------- --------- ---------
Total net revenues $ 321,406 $ 225,792 $ 604,354 $ 418,457
=== ========= =========
Margin percentage:
Income from operations margin
percentage 20% 3% 19% 1%
Operating income before
depreciation and amortization
margin percentage 30% 15% 30% 13%
Operating income (loss) before
depreciation and
amortization by segment:
Operating income before
depreciation and amortiz-
ation - United States $ 90,555 $ 38,554 $ 167,503 $ 65,383
Operating income (loss)
before depreciation and
amortization - International 6,720 (3,560) 13,822 (11,609)
--------- --------- --------- ---------
Operating income before
depreciation and
amortization $ 97,275 $ 34,994 $ 181,325 $ 53,774
========= ========= ========= =========
Operating income (loss)
before depreciation and
amortization by segment
reconciliation:
United States
Income from operations $ 60,472 $ 13,874 $ 111,472 $ 20,603
Depreciation and
amortization 30,083 24,680 56,031 44,780
--------- --------- --------- ---------
Operating income before
depreciation and amortiz
-ation - United States $ 90,555 $ 38,554 $ 167,503 $ 65,383
========= ========= ========= =========
International
Income (loss) from
operations $ 2,300 $ (6,356) $ 6,277 $ (17,260)
Depreciation and
amortization 4,420 2,796 7,545 5,651
--------- --------- --------- ---------
Operating income (loss)
before depreciation
and amortization
- International $ 6,720 $ (3,560)$ 13,822 $ (11,609)
========= ========= ========= =========
Free cash flow reconciliation:
Cash flow from operating
activities $ 92,123 $ 103,382 $ 190,751 $ 150,825
Acquisition of property
and equipment, net (20,770) (14,301) (41,273) (21,588)
Change in long-term
deferred revenue - (30,000) - (30,000)
Non-cash investment gains
(losses) and other (3,701) 4,927 (6,714) 3,065
--------- --------- --------- ---------
Free cash flow $ 67,652 $ 64,008 $ 142,764 $ 102,302
========= ========= ========= =========
Yahoo! Inc.
Notes to Unaudited Condensed Consolidated Statements of Operations
Business Outlook
The following business outlook is based on current information and
expectations as of July 9, 2003. Yahoo!’s business outlook as of today
is expected to be available on the Company’s Investor Relations Web
site throughout the current quarter. It is currently expected the full
business outlook will not be updated until the release of Yahoo!’s
next quarterly earnings announcement, notwithstanding subsequent
developments; however, Yahoo! may update the full business outlook or
any portion thereof at any time.
Three months Twelve months
ending ending
September 30, December 31,
2003 2003
--------------- ----------------
Revenue outlook (in millions): $318-$338 $1,260-$1,310
Operating income before depreciation
and amortization outlook reconciliation
(in millions):
Income from operations $60-$67 $240-$260
Depreciation and amortization $34-$37 $135-$140
--------------- ----------------
Operating income before
depreciation and amortization $94-$104 $375-$400
=============== ================
Yahoo! Inc.
Unaudited Consolidated Summary Balance Sheet Data
(in thousands)
June 30, December 31,
2003 2002
----------------------------------
ASSETS
Cash and cash equivalents $ 1,075,582 $ 310,972
Investments in marketable debt
securities 1,238,382 1,223,066
Accounts receivable, net 142,372 113,612
Property and equipment, net 371,794 371,272
Goodwill 636,434 415,225
Intangible assets, net 130,939 96,252
Other assets 326,018 259,782
-------------- -------------
Total assets $ 3,921,521 $ 2,790,181
============== =============
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable and accrued
expenses $ 321,726 $ 276,313
Deferred revenue 155,997 135,501
Long term debt 750,000 -
Long term liabilities 102,374 84,540
-------------- -------------
Total liabilities 1,330,097 496,354
-------------- -------------
Minority interests in consolidated
subsidiaries 34,591 31,557
Stockholders’ equity 2,556,833 2,262,270
-------------- -------------
Total liabilities and
stockholders’ equity $ 3,921,521 $ 2,790,181
============== =============
Yahoo! Inc.
Unaudited Consolidated Summary Cash Flow Data
(in thousands)
Three Months Ended Six Months Ended
June 30, June 30,
------------------------------------------
2003 2002 2003 2002
------------------------------------------
CASH FLOWS FROM OPERATING
ACTIVITIES:
Net income (loss) $ 50,828 $ 21,394 $ 97,531 $ (32,251)
Adjustments to reconcile
net income (loss) to net
cash provided by
operating activities:
Depreciation and
amortization 34,503 27,476 63,576 50,431
Tax benefits from stock
options 28,588 13,952 49,645 20,756
Cumulative effect of
accounting change - - - 64,120
Earnings in equity
interests (10,001) (5,500) (19,730) (9,800)
Minority interests in
operations of
consolidated
subsidiaries 1,126 (139) 3,034 (351)
Noncash (gains) losses
and impairments of
investments 2,867 (4,955) 5,968 (3,101)
Other noncash charges 2,559 1,147 3,045 6,776
Changes in assets and
liabilities, net of effects
of acquisitions:
Accounts receivable,
net (8,182) 3,510 (23,529) (3,526)
Prepaid expenses and
other assets (9,180) (2,796) (3,965) 23,874
Accounts payable (3,008) 1,449 (405) (67)
Accrued expenses and
other liabilities (5,193) 7,227 (933) (10,613)
Deferred revenue 7,216 10,617 16,514 14,577
Long-term deferred
revenue - 30,000 - 30,000
---------- --------- ---------- ---------
Net cash provided by
operating activities 92,123 103,382 190,751 150,825
---------- --------- ---------- ---------
CASH FLOWS FROM INVESTING
ACTIVITIES:
Acquisition of property
and equipment, net (20,770) (14,301) (41,273) (21,588)
Purchases of marketable
securities (528,738) (286,298) (666,178) (543,037)
Proceeds from sales and
maturities of marketable
securities 219,981 181,822 650,499 495,745
Acquisitions, net of cash
acquired - - (228,318) (189,168)
Proceeds from sales
(purchases) of other
investments (7,555) - (6,274) 687
---------- --------- ---------- ---------
Net cash used in investing
activities (337,082) (118,777) (291,544) (257,361)
---------- --------- ---------- ---------
CASH FLOWS FROM FINANCING
ACTIVITIES:
Proceeds from issuance of
debt 733,125 - 733,125 -
Proceeds from issuance of
Capital Stock, net 105,044 20,005 128,611 35,699
---------- --------- ---------- ---------
Net cash provided by
financing activities 838,169 20,005 861,736 35,699
---------- --------- ---------- ---------
Effect of exchange rate
changes on cash and cash
equivalents 3,929 4,733 3,667 1,796
Net change in cash and cash
equivalents 597,139 9,343 764,610 (69,041)
Cash and cash equivalents,
beginning of period 478,443 294,248 310,972 372,632
---------- --------- ---------- ---------
Cash and cash equivalents,
end of period $1,075,582 $ 303,591 $1,075,582 $ 303,591
========== ========= ========== =========
Supplemental noncash
financing activity:
Long-term deferred
financing costs $ 17,550 $ - $ 17,550 $ -
Yahoo! Inc.
Unaudited Supplemental Financial Information and Business Metrics
(in thousands, except per share amounts and percentages)
Q2 Q1 Q4
------------ ------------- -------------
2003 2003 2002
--------------------------------------------------
NET REVENUES:
Net revenues for groups of similar services:
Marketing
services $ 219,198 $ 189,965 $ 196,422
Fees 69,926 63,729 62,001
Listings 32,282 29,254 27,364
------------ ------------- -------------
Total net
revenues $ 321,406 $ 282,948 $ 285,787
============ ============= =============
Net revenues for groups of similar services (Trailing Twelve Months):
Marketing
services $ 771,346 $ 703,858 $ 651,568
Fees 252,987 232,124 207,941
Listings 114,631 107,368 93,558
------------ ------------- -------------
Total net
revenues $ 1,138,964 $ 1,043,350 $ 953,067
============ ============= =============
Net revenues by segment:
United States $ 271,345 $ 238,546 $ 242,386
International 50,061 44,402 43,401
------------ ------------- -------------
Total net
revenues $ 321,406 $ 282,948 $ 285,787
============ ============= =============
Net revenues by segment (Trailing Twelve Months):
United States $ 962,412 $ 878,532 $ 806,598
International 176,552 164,818 146,469
------------ ------------- -------------
Total net
revenues $ 1,138,964 $ 1,043,350 $ 953,067
============ ============= =============
OPERATING INCOME BEFORE DEPRECIATION AND AMORTIZATION:
Operating income before depreciation and amortizaton:
Income (loss)
from operations $ 62,772 $ 54,977 $ 55,368
Depreciation and
amortization 34,503 29,073 29,207
------------ ------------- -------------
Operating income
before
depreciation and
amortizaton $ 97,275 $ 84,050 $ 84,575
============ ============= =============
Operating income (loss) before depreciation and amortizaton (Trailing
Twelve Months):
Income (loss)
from operations $ 202,594 $ 147,340 $ 88,188
Depreciation and
amortization 122,534 115,507 109,389
------------ ------------- -------------
Operating income
(loss) before
depreciation and
amortizaton $ 325,128 $ 262,847 $ 197,577
============ ============= =============
Margin percentage:
Income (loss)
from operations
margin
percentage 20% 19% 19%
Operating income
before
depreciation and
amortizaton
margin percentage 30% 30% 30%
Margin percentage (Trailing Twelve Months):
Income (loss)
from operations
margin
percentage 18% 14% 9%
Operating income
(loss) before
depreciation and
amortizaton
margin percentage 29% 25% 21%
Operating income (loss) before depreciation and amortizaton by
segment:
Operating income
before
depreciation and
amortizaton -
United States $ 90,555 $ 76,948 $ 81,315
Operating income
(loss) before
depreciation and
amortizaton -
International 6,720 7,102 3,260
------------ ------------- -------------
Operating income
before
depreciation and
amortizaton $ 97,275 $ 84,050 $ 84,575
============ ============= =============
Operating income (loss) before depreciation and amortizaton by segment
(Trailing Twelve Months):
Operating income
before
depreciation and
amortizaton -
United States $ 306,439 $ 254,438 $ 204,319
Operating income
(loss) before
depreciation and
amortizaton -
International 18,689 8,409 (6,742)
------------ ------------- -------------
Operating income
(loss) before
depreciation and
amortizaton $ 325,128 $ 262,847 $ 197,577
============ ============= =============
Operating income (loss) before depreciation and amortizaton by segment
reconciliation:
United States
Income from
operations $ 60,472 $ 51,000 $ 55,021
Depreciation and
amortization 30,083 25,948 26,294
------------ ------------- -------------
Operating income
before
depreciation and
amortizaton -
United States $ 90,555 $ 76,948 $ 81,315
============ ============= =============
International
Income (loss)
from operations $ 2,300 $ 3,977 $ 347
Depreciation and
amortization 4,420 3,125 2,913
------------ ------------- -------------
Operating income
(loss) before
depreciation and
amortizaton -
International $ 6,720 $ 7,102 $ 3,260
============ ============= =============
Operating income (loss) before depreciation and amortizaton by segment
reconciliation (Trailing Twelve Months):
United States
Income (loss)
from operations $ 197,244 $ 150,646 $ 106,375
Depreciation and
amortization 109,195 103,792 97,944
------------ ------------- -------------
Operating income
before
depreciation and
amortizaton -
United States $ 306,439 $ 254,438 $ 204,319
============ ============= =============
International
Income (loss)
from operations $ 5,350 $ (3,306) $ (18,187)
Depreciation and
amortization 13,339 11,715 11,445
------------ ------------- -------------
Operating income
(loss) before
depreciation and
amortizaton -
International $ 18,689 $ 8,409 $ (6,742)
============ ============= =============
FREE CASH FLOW:
Free cash flow reconciliation:
Cash flow from
operating
activities $ 92,123 $ 98,628 $ 79,358
Acquisition of
property and
equipment, net (20,770) (20,503) (16,672)
Change in long-
term deferred
revenue - - -
Non-cash
investment
gains (losses)
and other (3,701) (3,013) (1,285)
------------ ------------- -------------
Free cash flow $ 67,652 $ 75,112 $ 61,401
============ ============= =============
Free cash flow reconciliation (Trailing Twelve Months):
Cash flow from
operating
activities $ 342,374 $ 353,633 $ 302,448
Acquisition of
property and
equipment, net (71,238) (64,769) (51,553)
Change in long-
term deferred
revenue - (30,000) (30,000)
Non-cash
investment
gains (losses)
and other (9,669) (1,041) 110
Non-cash
restructuring
charges - - -
------------ ------------- -------------
Free cash flow $ 261,467 $ 257,823 $ 221,005
============ ============= =============
Q3 Q2 Q1
------------ ------------- --------------
2002 2002 2002
--------------------------------------------------
NET REVENUES:
Net revenues for groups of similar services:
Marketing
services $ 165,761 $ 151,710 $ 137,675
Fees 57,331 49,063 39,546
Listings 25,731 25,019 15,444
------------ ------------- --------------
Total net
revenues $ 248,823 $ 225,792 $ 192,665
============ ============= ==============
Net revenues for groups of similar services (Trailing Twelve Months):
Marketing
services $ 603,358 $ 566,728 $ 561,673
Fees 178,426 150,865 130,138
Listings 74,407 55,906 38,061
------------ ------------- --------------
Total net
revenues $ 856,191 $ 773,499 $ 729,872
============ ============= ==============
Net revenues by segment:
United States $ 210,135 $ 187,465 $ 166,612
International 38,688 38,327 26,053
------------ ------------- --------------
Total net
revenues $ 248,823 $ 225,792 $ 192,665
============ ============= ==============
Net revenues by segment (Trailing Twelve Months):
United States $ 723,094 $ 652,324 $ 613,970
International 133,097 121,175 115,902
------------ ------------- --------------
Total net
revenues $ 856,191 $ 773,499 $ 729,872
============ ============= ==============
OPERATING INCOME BEFORE DEPRECIATION AND AMORTIZATION:
Operating income before depreciation and amortizaton:
Income (loss)
from operations $ 29,477 $ 7,518 $ (4,175)
Depreciation and
amortization 29,751 27,476 22,955
------------ ------------- --------------
Operating income
before
depreciation
and amortizaton $ 59,228 $ 34,994 $ 18,780
============ ============= ==============
Operating income (loss) before depreciation and amortizaton (Trailing
Twelve Months):
Income (loss)
from operations $ 7,514 $ (48,325) $ (129,677)
Depreciation and
amortization 116,223 118,553 123,319
------------ ------------- --------------
Operating income
(loss) before
depreciation
and amortizaton $ 123,737 $ 70,228 $ (6,358)
============ ============= ==============
Margin percentage:
Income (loss)
from operations
margin
percentage 12% 3% (2%)
Operating income
before
depreciation
and amortizaton
margin
percentage 24% 15% 10%
Margin percentage (Trailing Twelve Months):
Income (loss)
from operations
margin
percentage 1% (6%) (18%)
Operating income
(loss) before
depreciation
and amortizaton
margin
percentage 14% 9% (1%)
Operating income (loss) before depreciation and amortizaton by
segment:
Operating income
before
depreciation
and amortizaton
- United States $ 57,621 $ 38,554 $ 26,829
Operating income
(loss) before
depreciation
and amortizaton
- International 1,607 (3,560) (8,049)
------------ ------------- --------------
Operating income
before
depreciation
and amortizaton $ 59,228 $ 34,994 $ 18,780
============ ============= ==============
Operating income (loss) before depreciation and amortizaton by segment
(Trailing Twelve Months):
Operating income
before
depreciation
and amortizaton
- United States $ 140,036 $ 97,631 $ 29,551
Operating income
(loss) before
depreciation
and amortizaton
- International (16,299) (27,403) (35,909)
------------ ------------- --------------
Operating income
(loss) before
depreciation
and amortizaton $ 123,737 $ 70,228 $ (6,358)
============ ============= ==============
Operating income (loss) before depreciation and amortizaton by segment
reconciliation:
United States
Income from
operations $ 30,751 $ 13,874 $ 6,729
Depreciation and
amortization 26,870 24,680 20,100
------------ ------------- --------------
Operating income
before
depreciation
and amortizaton
- United States $ 57,621 $ 38,554 $ 26,829
============ ============= ==============
International
Income (loss)
from operations $ (1,274) $ (6,356) $ (10,904)
Depreciation and
amortization 2,881 2,796 2,855
------------ ------------- --------------
Operating income
(loss) before
depreciation
and amortizaton
- International $ 1,607 $ (3,560) $ (8,049)
============ ============= ==============
Operating income (loss) before depreciation and amortizaton by segment
reconciliation (Trailing Twelve Months):
United States
Income (loss)
from operations $ 35,540 $ (7,949) $ (80,217)
Depreciation and
amortization 104,496 105,580 109,768
------------ ------------- --------------
Operating income
before
depreciation
and amortizaton
- United States $ 140,036 $ 97,631 $ 29,551
============ ============= ==============
International
Income (loss)
from operations $ (28,026) $ (40,376) $ (49,460)
Depreciation and
amortization 11,727 12,973 13,551
------------ ------------- --------------
Operating income
(loss) before
depreciation
and amortizaton
- International $ (16,299) $ (27,403) $ (35,909)
============ ============= ==============
FREE CASH FLOW:
Free cash flow reconciliation:
Cash flow from
operating
activities $ 72,265 $ 103,382 $ 47,443
Acquisition of
property and
equipment, net (13,293) (14,301) (7,287)
Change in long-
term deferred
revenue - (30,000) -
Non-cash
investment
gains (losses)
and other (1,670) 4,927 (1,862)
------------ ------------- --------------
Free cash flow $ 57,302 $ 64,008 $ 38,294
============ ============= ==============
Free cash flow reconciliation (Trailing Twelve Months):
Cash flow from
operating
activities $ 236,073 $ 192,226 $ 83,240
Acquisition of
property and
equipment, net (49,223) (52,743) (52,043)
Change in long-
term deferred
revenue (30,000) (30,000) -
Non-cash
investment
gains (losses)
and other (545) (16,796) (18,648)
Non-cash
restructuring
charges (3,132) (3,132) (14,791)
------------ ------------- --------------
Free cash flow $ 153,173 $ 89,555 $ (2,242)
============ ============= ==============
SOURCE: Yahoo!
CONTACT: Yahoo! Inc.
Nissa Anklesaria, 408/349-7738 (Media Relations)
nissa@yahoo-inc.com
Cathy La Rocca, 408/349-5188 (Investor Relations)
cathy@yahoo-inc.com
or
Fleishman-Hillard
Michael Lynam, 415/318-4109 (Media Relations)
lynamm@fleishman.com
Today’s News On The Net - Business Wire’s full file on the Internet
with Hyperlinks to your home page.
Banken haben ihre eigenen Erwartungen die den Kursen angepasst werden und
wenn die nicht stimmen, dann Abverkauf (s. Alcoa und heute Yahoo!)
Stox Dude
| Earnings Whisper ®: | $0.09 |
| Analysts' Estimate: | $0.09 |
| Members' Estimate: | N/A |
| Release Date: | 7/9/03 After |
| Analysts' Recommendation: | Buy |
| Visitors' Sentiment: | Buy |
| Analysts' Target: | $21 |
| Members' Target | $49 |
gemeldeten erwartungen sind meist nur die
mittleren und bei einem kgv von 150 ist
wohl nichts mehr zu holen oder wir haben wieder die
blase von 2000 gruß und bärische wochen wünscht E8
Consolidated Real-time Market Quote*
| Last | Change (%) | After Hours Chg (%)** | Bid | Ask | Trade Time |
| 33.78 | 1.32 (3.76) | 1.51 (4.28) | 33.75 (3) | 33.77 (1) | 16:45 |
Exchange Quote
| Last | Change (%) | Bid (size) | Ask (size) | Trade Time |
| 35.29 | 0.19 (0.54) | 34.51 (1) | 34.50 (35) | 16:00 |
| Day Volume | Last Size | Open | High | Low |
| 19,206,585 | 500 | 35.07 | 35.79 | 34.35 |
| Latest Ticks | # of Trades | Avg Trade Size | VWAP | 52 Wk High |
| +=== | 38,322 | 501 | 35.088 | 35.72 |
| 52 Wk Low | Prev Close | Avg Day Vol | ||
| 8.94 | 35.10 | 12,289,600 |
yhoo eingeben
Optionen
| Boardmail an "Börsenmonster" |
Wertpapier: Altaba |