NOTE 20 — Quarterly Financial Information (Unaudited)
Three Months Ended
December 31
September 30
June 30
March 31
(In thousands, except per share data)
Year ended December 31, 2011
Revenue
$
787,133
$
1,020,450
$
913,591
$
727,835
Operating income
91,645
209,099
143,707
35,158
Net income from continuing operations
60,465
171,840
88,133
5,903
Discontinued operations, net of taxes
10,633
38,566
52,757
46,306
Net income attributable to Expedia, Inc.
70,328
209,534
140,393
52,039
Earnings per share from continuing operations attributable to Expedia, Inc. available to common stockholders:
Basic earnings per share (1)
$
0.45
$
1.26
$
0.64
$
0.04
Diluted earnings per share(1)
0.44
1.22
0.63
0.04
Earnings per share attributable to Expedia, Inc. available to common stockholders:
Basic earnings per share (1)
$
0.53
$
1.54
$
1.03
$
0.38
Diluted earnings per share (1)
0.51
1.50
1.01
0.37
Year ended December 31, 2010
Revenue
$
737,591
$
898,099
$
751,537
$
646,418
Operating income
112,935
209,154
126,536
52,162
Net income from continuing operations
63,585
136,670
78,331
26,911
Discontinued operations, net of taxes
7,999
41,354
37,022
33,688
Net income attributable to Expedia, Inc.
71,293
176,550
114,262
59,395
Earnings per share from continuing operations attributable to Expedia, Inc. available to common stockholders:
Basic earnings per share (1)
$
0.46
$
0.96
$
0.54
$
0.18
Diluted earnings per share (1)
0.45
0.94
0.53
0.17
Earnings per share attributable to Expedia, Inc. available to common stockholders:
Basic earnings per share (1)
$
0.52
$
1.26
$
0.80
$
0.41
Diluted earnings per share (1)
0.50
1.23
0.79
0.40
(1)
The per share information attributable to Expedia, Inc. common shareholders reflects the one-for-two reverse stock split in connection with the spin-off. In addition, earnings per share is computed independently for each of the quarters presented. Therefore, the sum of the quarterly earnings per share may not equal the total computed for the year.
The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.