Sohu.com (SOHU)

Net Income from Continuing Operations

For the year ended December 31, 2008, income from continuing operations was $158.6 million, as compared to $35.0 million for the year ended December 31, 2007.

Loss from Discontinued E-commerce Operations

On June 20, 2006, we discontinued our e-commerce business. For the year ended December 31, 2008, no loss was generated from discontinued e-commerce operations, as compared to $20,000 loss for the year ended December 31, 2007.

Net Income from Continuing Operations

For the year ended December 31, 2007, income from continuing operations was $35.0 million, as compared to $26.7 million for the year ended December 31, 2006.

Loss from Discontinued E-commerce Operations

On June 20, 2006, we discontinued our e-commerce business. For the year ended December 31, 2007, loss from discontinued e- commerce operations was $20,000, as compared to $841,000 for the year ended December 31, 2006.

Net Income from Continuing Operations

SIZE="2">For the year ended December 31, 2007, income from continuing operations was $35.0 million, as compared to $26.7 million for the year ended December 31, 2006.

FACE="Times New Roman" SIZE="2">Loss from Discontinued E-commerce Operations

On June 20, 2006, we discontinued our e-commerce business. For the
year ended December 31, 2007, loss from discontinued e- commerce operations was $20,000, as compared to $841,000 for the year ended December 31, 2006.

SIZE="2">Net Income

As a result of the foregoing, we had net income of $34.9 million for the year ended December 31, 2007, as compared to net
income of $25.9 million for the year ended December 31, 2006. The net income for the years ended December 31, 2007 and 2006 included $8.8 million and $6.9 million of share-based compensation expense recorded under SFAS 123(R).

Net Income from Continuing Operations

For the three and nine months ended September 30, 2008, net income from continuing operations was $40.3 million and $102.0 million, as compared with $9.7 million and $19.9 million for the three and nine months ended September 30, 2007.

Gain (loss) from Discontinued E-commerce Operations

For the three months ended September 30, 2008, gain from discontinued e-commerce operations was $1,000. For the nine months ended September 30, 2008, loss from discontinued e-commerce operations was netted to be zero. For the three and nine months ended September 30, 2007, loss from discontinued e-commerce operations was $5,000 and $18,000.

Net Income from Continuing Operations

For the three and six months ended June 30, 2008, net income from continuing operations was $40.2 million and $61.8 million, as compared to $5.7 million and $10.2 million for the three and six months ended June 30, 2007.

Loss from Discontinued E-commerce Operations

For the three and six months ended June 30, 2008, loss from discontinued e-commerce operations was zero and $1,000. For the three and six months ended June 30, 2007, loss from discontinued e-commerce operations was $20,000 and $13,000.

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Net Income from Continuing Operations

For the three months ended March 31, 2008, income from continuing operations was $21.6 million, as compared to $4.5 million for the three months ended March 31, 2007.

(Loss) gain from Discontinued E-commerce Operations

On June 20, 2006, we discontinued our e-commerce business. For the three months ended March 31, 2008, loss from discontinued e-commerce operations was $1,000. For the three months ended March 31, 2007, gain from discontinued e-commerce operations of $7,000 was mainly from collection of doubtful receivables previously provided for.

Net Income from Continuing Operations

SIZE="2">For the year ended December 31, 2007, income from continuing operations was $35.0 million, as compared to $26.7 million for the year ended December 31, 2006.

SIZE="1"> 

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Loss from Discontinued E-commerce Operations

FACE="Times New Roman" SIZE="2">On June 20, 2006, we discontinued our e-commerce business. For the year ended December 31, 2007, loss from discontinued e-commerce operations was $20,000, as compared to $841,000 for the year ended
December 31, 2006.

Net Income from Continuing Operations

For the year ended December 31, 2006, income from continuing operations was $26.7 million, as compared to $31.1 million for the year ended December 31, 2005.

Loss from Discontinued E-commerce Operations

On June 20, 2006, we discontinued our e-commerce business. For the year ended December 31, 2006, loss from discontinued e-commerce operations was $841,000, as compared to $1.3 million for the year ended December 31, 2005. As of the date we discontinued our e-commerce operations, we had performed a specific review on all the assets related to the e-commerce segment. We provided an additional allowance for doubtful receivables amounting to $154,000 and allowance on all inventory balances amounting to $134,000 in June 2006 when we discontinued the e-commerce business. As the fixed assets previously used by the e-commerce operation could generally be used by other segments, we did not dispose of significant fixed assets nor provide any impairment charge.

Net Income from Continuing Operations

For the three and nine months ended September 30, 2007, net income from continuing operations was $9.7 million and $19.9 million, as compared to $6.6 million and $20.6 million for the three and nine months ended September 30, 2006.

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Loss from Discontinued E-commerce Operations

On June 20, 2006, we discontinued our e-commerce business. For the three and nine months ended September 30, 2007, loss from discontinued e-commerce operations was $5,000 and $18,000, as compared to $27,000 and $784,000 for the three and nine months ended September 30, 2006.

Net Income from Continuing Operations

For the three and six months ended June 30, 2007, net income from continuing operations was $5.7 million and $10.2 million, as compared to $7.8 million and $14.0 million for the three and six months ended June 30, 2006.

Loss from Discontinued E-commerce Operations

On June 20, 2006, we discontinued our e-commerce business. For the three and six months ended June 30, 2007, loss from discontinued e-commerce operations was $20,000 and $13,000, as compared to $592,000 and $757,000 for the three and six months ended June 30, 2006.

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Net Income from Continuing Operations

For the three months ended March 31, 2007, income from continuing operations was $4.4 million, as compared to $6.2 million for the three months ended March 31, 2006.

Gain (loss) from Discontinued E-commerce Operations

On June 20, 2006, we discontinued our e-commerce business. For the three months ended March 31, 2007, gain from discontinued e-commerce operations of $7,000 was mainly from collection of receivables that had been provided bad debt for. For the three months ended March 31, 2006, loss from discontinued e-commerce operations was $165,000.

Net Income from Continuing Operations

For the year ended December 31, 2005, net income from continuing operations was $31.1 million, as compared to $36.6 million for the year ended December 31, 2004.

Loss from Discontinued E-commerce Operations

In June 2006, we discontinued our e-commerce business. For the year ended December 31, 2005, loss from discontinued e-commerce operations was $1.3 million, as compared to $985,000 for the year ended December 31, 2004.