| | | | | | | | | | | | | | . | Analysis By: | | | | | | | | | | | | | . | SAI Research | | | | | | | | | | | | | . | | | | | | | | | | | | | | . | YAHOO! | Mar-05 | Jun-05 | Sep-05 | Dec-05 | Mar-06 | Jun-06 | Sep-06 | Dec-06 | Mar-07 | Jun-07 | Sep-07A | | . | | | | | | | | | | | | | | . | REVENUES | | | | | | | | | | | | | . | United States | 818,726 | 869,517 | 922,860 | 1,056,406 | 1,097,134 | 1,070,134 | 1,054,048 | 1,144,702 | 1,100,757 | 1,118,514 | 1,194,911 | | . | International | 148,946 | 383,480 | 407,069 | 444,594 | 470,017 | 505,720 | 526,274 | 557,746 | 571,093 | 579,406 | 572,595 | | . | Revenues | $967,672 | $1,252,997 | $1,329,929 | $1,501,000 | $1,567,151 | $1,575,854 | $1,580,322 | $1,702,448 | $1,671,850 | $1,697,920 | $1,767,506 | | . | | | | | | | | | | | | | | . | US Y/Y Growth | | | | | 34% | 23% | 14% | 8% | 0% | 5% | 13% | | . | International Y/Y Growth | | | | | 216% | 32% | 29% | 25% | 22% | 15% | 9% | | . | | | | | | | | | | | | | | . | | | | | | | | | | | | | | . | OPERATING INCOME | | | | | | | | | | | | | . | United States | 270,415 | 291,244 | 306,031 | 351,849 | 335,269 | 340,598 | 365,550 | 410,239 | 341,518 | 362,337 | 338,423 | | . | International | 74,647 | 77,196 | 79,091 | 106,865 | 99,663 | 116,260 | 108,188 | 130,150 | 118,517 | 111,292 | 127,886 | | . | Operating Income | $345,062 | $368,440 | $385,122 | $458,714 | $434,932 | $456,858 | $473,738 | $540,389 | $460,035 | $473,629 | $466,309 | | . | | | | | | | | | | | | | | . | US Operating Margin | 33% | 33% | 33% | 33% | 31% | 32% | 35% | 36% | 31% | 32% | 28% | |
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| | | | | | | | | | | | | | . | International Operating Margin | 50% | 20% | 19% | 24% | 21% | 23% | 21% | 23% | 21% | 19% | 22% | | . | Overall Operating Margin | #DIV/0! | #DIV/0! | #DIV/0! | #DIV/0! | 28% | 29% | 30% | 32% | 28% | 28% | 26% | | . | | | | | | | | | | | | | | . | NECESSARY COST CUTS | | | | | | | | | | | | Pro Forma | . | United States | 270,415 | 291,244 | 306,031 | 351,849 | | | | | | | 338,423 | 60,000 | . | International | 74,647 | 77,196 | 79,091 | 106,865 | | | | | | | 127,886 | 0 | . | Pro Forma Operating Income | $345,062 | $368,440 | $385,122 | $458,714 | | | | | | | $466,309 | $526,309 | . | | | | | | | | | | | | | | . | US Operating Margin | 100% | 100% | 100% | 100% | | | | | | | 28% | | . | International Operating Margin | 100% | 100% | 100% | 100% | | | | | | | 22% | | . | Overall Operating Margin | #DIV/0! | #DIV/0! | #DIV/0! | #DIV/0! | | | | | | | 26% | 30% | . | | | | | | | | | | | | | | . | ANNUALIZED COST CUTS | | | | | | | | | | | | | . | Annualized Cost Cuts | | | | | $240,000 | | | | | | | | . | % People | | | | | 50% | | | | | | | | . | Total People Cost | | | | | $120,000 | | | | | | | | . | Average All-In Salary/Benefits | | | | | $100,000 | | | | | | | | . | Total Headcount Reduction | | | | | 1,200 | | | | | | | | . | | | | | | | | | | | | | | . | | | | | | | | | | | | | |
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