YAHOO! INC. ANNUAL REPORT Introduction: The purpose of this research is to analyze the information contained in the financial statements that is income statement and balance sheet of Yahoo! Inc. Yahoo! Inc. fiscal year ends on 31st December and operates under technology sector and internet information providers industry. It provides search and display advertising services on yahoo properties and affiliate sites worldwide. Hence its focus is on informing, connecting and entertaining its users. Financial statements: Yahoo! Inc.’s total assets at the end of its most recent annual reporting period, 2014 was $61,960,344 thousands while its total assets at the end of previous annual reporting period, 2013 was $16,804,959 thousands. Total assets information is important as it represents items owned by the company. Yahoo! Inc. can use this information in asset performance analysis which includes calculation of: cash conversion cycle, return on asset ratio and fixed asset turnover ratio. Yahoo! Inc. had $2,667,916 thousands cash and cash equivalents at the end of its most recent annual reporting period. Yahoo! Inc. accounts payable at the end of its most recent annual reporting period , 2014 was $4,191,618 thousands while its accounts payable at the end of previous annual reporting period, 2013 was $1,045,813 thousands. Yahoo! Inc.’s net revenues for the last three annual reporting periods were: $4,618,133 thousands, $4,680,380 thousands and $4,986,566 thousands for the years 2014, 2013 and 2012 respectively. Yahoo! Inc. net income for the two most recent annual reporting period was $7,521,731 thousands and $1,366,281thousands for the years 2014 and 2013 respectively. The change in dollars in its net income from the most recent annual reporting period to the previous annual reporting period is $6,155,450 thousands. Yahoo! Inc.’s total current assets at the end of the most recent annual reporting period, 2014 was $9,699,107 thousands while its total current assets at the end of the previous annual reporting period, 2013 was $5,025,857 thousands. The information found in the financial statements is used for the analysis and evaluation of the company’s performance, liquidity, efficiency and profitability. This information is essential to all company stakeholders such as potential investors, employees, suppliers. In the above information, stakeholders will be interested on amount of total assets, current assets, net income and net revenue as it will help in calculation of ratios used in analyzing the company’s efficiency, liquidity and profitability. YAHOO! INC. INCOME STATEMENT AND BALANCE SHEET Yahoo! Inc. (YHOO) Income Statement View: Annual Data | Quarterly Data All numbers in thousands Period Ending Dec 31, 2014 Dec 31, 2013 Dec 31, 2012 Total Revenue 4,618,133 4,680,380 4,986,566 Cost of Revenue 1,298,314 1,349,380 1,620,566 Gross Profit 3,319,819 3,331,000 3,366,000 Operating Expenses Research Development 1,20.