YAHOO INC
8-K/A, 2000-01-12
COMPUTER INTEGRATED SYSTEMS DESIGN
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EXHIBIT 99.3

SELECTED FINANCIAL DATA
(in thousands, except per share amounts)

 
  Year Ended December 31,
 
 
  1998
  1997
  1996
  1995
 
STATEMENTS OF OPERATIONS DATA:                          
 
Net revenues
 
 
 
$
 
245,100
 
 
 
$
 
84,108
 
 
 
$
 
23,793
 
 
 
$
 
1,666
 
 
Gross profit     192,946     64,226     16,506     1,282  
Total operating expenses     206,667     113,138     33,449     3,118  
Net loss     (12,674 )(a)   (43,376 )(b)   (12,430 )   (1,766 )
Net loss per share—basic and diluted*   $ (0.06 )(a) $ (0.23 )(b) $ (0.07 ) $ (0.01 )
Shares used in per share calculation—basic and diluted*     219,995     195,771     174,325     121,764  
 
  December 31,
 
  1998
  1997
  1996
  1995
BALANCE SHEETS DATA:                        
 
Cash, cash equivalents, and short-term investments in marketable debt securities
 
 
 
$
 
572,783
 
 
 
$
 
119,879
 
 
 
$
 
101,563
 
 
 
$
 
6,310
Working capital     521,803     136,714     95,537     5,410
Total assets     781,019     203,351     125,939     8,270
Stockholders' equity   $ 677,012   $ 137,241   $ 110,367   $ 5,721


Note:  The selected financial data for the four years ended December 31, 1998 has been restated to reflect the acquisitions of Net Roadshow, GeoCities, Encompass, Online Anywhere, and broadcast.com which were accounted for as poolings of interests.

*
Reflects the two-for-one stock split effective February 1999.

(a)
Net loss and net loss per share include non-recurring charges of $21.2 million incurred in connection with the June 1998 acquisition of Viaweb Inc., the October 1998 acquisition of Yoyodyne Entertainment, Inc., the November 1998 acquisition of SimpleNet, and the December 1998 acquisition of HyperParallel, Inc., and amortization of $6.2 million on intangible assets.

(b)
Net loss and net loss per share include non-recurring charges of $21.2 million related to the Yahoo! Marketplace restructuring and $3.9 million incurred in connection with the October 1997 acquisition of Four11 Corporation.

QUARTERLY FINANCIAL DATA (UNAUDITED)
(in thousands, except per share amounts)

 
  Three Months Ended
 
  September 30, 1999
  June 30, 1999
  March 31, 1999
Net revenues   $ 155,078   $ 128,569   $ 103,878
Gross profit     128,882     103,234     83,105
Net income (loss)     14,862     (263 )   1,796
Net income (loss) per share—basic     0.06     0.00     0.01
Net income (loss) per share—diluted   $ 0.05   $ 0.00   $ 0.01
Shares used in per share calculation—basic     259,530     255,906     252,024
Shares used in per share calculation—diluted     296,336     255,906     297,463
 
  Three Months Ended
 
 
  December 31, 1998
  September 30, 1998
  June 30, 1998
  March 31, 1998
 
Net revenues   $ 91,277   $ 66,290   $ 50,520   $ 37,013  
Gross profit     73,787     52,175     38,599     28,385  
Net income (loss)     3,840     4,249     (17,703 )   (3,060 )
Net income (loss) per share—basic     0.02     0.02     (0.09 )   (0.02 )
Net income (loss) per share—diluted   $ 0.01   $ 0.01   $ (0.09 ) $ (0.02 )
Shares used in per share calculation—basic     244,972     232,404     204,754     197,849  
Shares used in per share calculation—diluted     292,909     279,842     204,754     197,849  
 
  Three Months Ended
 
 
  December 31, 1997
  September 30, 1997
  June 30, 1997
  March 31, 1997
 
Net revenues   $ 31,573   $ 22,477   $ 17,308   $ 12,750  
Gross profit     24,425     17,278     12,739     9,784  
Net loss     (7,934 )   (4,741 )   (26,444 )   (4,257 )
Net loss per share—basic and diluted     (0.04 )   (0.02 )   (0.14 )   (0.02 )
Shares used in per share calculation—basic and diluted     200,956     198,525     193,869     189,733  



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