Yahoo! Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported revenue of $1,253,072,000 against $1,265,795,000 a year ago. Income from operations was $32,154,000 against $174,218,000 a year ago. Income before income taxes and earnings in equity interests was $119,704,000 against $171,527,000 a year ago. Net income attributable to company was $166,344,000 or $0.17 per share diluted against $348,190,000 or $0.33 per share diluted a year ago. Adjusted EBITDA was $409,222,000 against $478,333,000 a year ago. Net cash provided by operating activities was $111,033,000 against $357,676,000 a year ago. Acquisition of property and equipment, net was $67,880,000 against $108,821,000 a year ago. Purchases of intangible assets were $178,000 against $210,000 a year ago. Non-GAAP income from operations was $256 million against $330 million a year ago. Non-GAAP net earnings per diluted share was $0.30 compared to $0.46 a year ago. Non-GAAP net earnings was $293,444,000 compared $481,935,000 a year ago.

For the year, the company reported revenue of $4,618,133,000 against $4,680,380,000 a year ago. Income from operations was $142,942,000 against $589,926,000 a year ago. Income before income taxes and earnings in equity interests was $10,512,381,000 against $633,283,000 a year ago. Net income attributable to company was $7,521,731,000 or $7.45 per share diluted against $1,366,281,000 or $1.26 per share diluted a year ago. Adjusted EBITDA was $1,361,548,000 against $1,564,245,000 a year ago. Net cash provided by operating activities was $896,700,000 against $1,195,247,000 a year ago. Acquisition of property and equipment, net was $372,147,000 against $338,131,000 a year ago. Purchases of intangible assets were $2,658,000 against $2,500,000 a year ago. Non-GAAP income from operations was $755 million against $935 million a year ago. Non-GAAP net earnings per diluted share was $1.57 compared to $1.52 a year ago. Non-GAAP net earnings was $1,646,438,000 compared $1,620,221,000 a year ago.

The company provided earnings guidance for the first quarter of 2015. For the quarter, the company expected GAAP revenue in the range of $1.11 billion to $1.15 billion, revenue ex-TAC in the range of $1.02 billion to $1.06 billion, EBITDA in the range of $200 million to $240 million and non-GAAP operating income in the range of $50 million to $90 million.