v2.4.0.6

Guarantor and Non-Guarantor Supplemental Financial Information (Tables)

9 Months Ended

Sep. 30, 2012

Schedule of Statement of Operations Information

CONDENSED CONSOLIDATING STATEMENT OF OPERATION

Three months ended September 30, 2012

		Parent				Guarantor Subsidiaries				Non-Guarantor Subsidiaries				Eliminations				Consolidated
		(In thousands)
Revenue		$	—			$	1,039,520			$	160,882			$	(1,382	)		$	1,199,020
Costs and expenses:
Cost of revenue			—				194,103				48,996				534				243,633
Selling and marketing			—				374,409				133,420				(2,073	)			505,756
Technology and content			—				90,427				35,232				(42	)			125,617
General and administrative			—				55,112				29,829				199				85,140
Amortization of intangible assets			—				1,555				7,919				—				9,474
Legal reserves, occupancy tax and other			—				2,310				—				—				2,310
Intercompany (income) expense, net			—				207,291				(207,291	)			—				—
Operating income			—				114,313				112,777				—				227,090
Other income (expense):
Equity in pre-tax earnings of consolidated subsidiaries			183,803				112,800				—				(296,603	)			—
Other, net			(20,835	)			(3,871	)			1,954				—				(22,752	)
Total other income (expense), net			162,968				108,929				1,954				(296,603	)			(22,752	)
Income before income taxes			162,968				223,242				114,731				(296,603	)			204,338
Provision for income taxes			6,966				(38,609	)			(4,507	)			—				(36,150	)
Income from continuing operations			169,934				184,633				110,224				(296,603	)			168,188
Discontinued operations, net of taxes			1,543				—				—				—				1,543
Net income			171,477				184,633				110,224				(296,603	)			169,731
Net loss attributable to noncontrolling interests			—				—				1,746				—				1,746
Net income attributable to Expedia, Inc.		$	171,477			$	184,633			$	111,970			$	(296,603	)		$	171,477
Comprehensive income attributable to Expedia, Inc.		$	171,477			$	184,921			$	125,859			$	(296,603	)		$	185,654

CONDENSED CONSOLIDATING STATEMENT OF OPERATION

Three months ended September 30, 2011

		Parent				Guarantor Subsidiaries				Non-Guarantor Subsidiaries				Eliminations				Consolidated
		(In thousands)
Revenue		$	—			$	895,434			$	128,580			$	(3,564	)		$	1,020,450
Costs and expenses:
Cost of revenue			—				177,489				28,480				482				206,451
Selling and marketing			—				300,216				111,912				(3,959	)			408,169
Technology and content			—				76,655				21,922				(105	)			98,472
General and administrative			—				54,029				24,633				18				78,680
Amortization of intangible assets			—				1,230				4,334				—				5,564
Legal reserves, occupancy tax and other			—				14,015				—				—				14,015
Intercompany (income) expense, net			—				175,848				(175,848	)			—				—
Operating income			—				95,952				113,147				—				209,099
Other income (expense):
Equity in pre-tax earnings of consolidated subsidiaries			185,509				89,058				—				(274,567	)			—
Other, net			(20,914	)			38,803				(24,549	)			—				(6,660	)
Total other income (expense), net			164,595				127,861				(24,549	)			(274,567	)			(6,660	)
Income before income taxes			164,595				223,813				88,598				(274,567	)			202,439
Provision for income taxes			6,278				(37,160	)			283				—				(30,599	)
Income from continuing operations			170,873				186,653				88,881				(274,567	)			171,840
Discontinued operations, net of taxes			38,661				38,457				48,028				(86,580	)			38,566
Net income			209,534				225,110				136,909				(361,147	)			210,406
Net income attributable to noncontrolling interests			—				—				(872	)			—				(872	)
Net income attributable to Expedia, Inc.		$	209,534			$	225,110			$	136,037			$	(361,147	)		$	209,534
Comprehensive income attributable to Expedia, Inc.		$	209,534			$	224,334			$	100,453			$	(361,214	)		$	173,107

CONDENSED CONSOLIDATING STATEMENT OF OPERATION

Nine months ended September 30, 2012

		Parent				Guarantor Subsidiaries				Non-Guarantor Subsidiaries				Eliminations				Consolidated
		(In thousands)
Revenue		$	—			$	2,664,255			$	395,282			$	(4,049	)		$	3,055,488
Costs and expenses:
Cost of revenue			—				550,129				122,354				989				673,472
Selling and marketing			—				990,527				342,646				(5,772	)			1,327,401
Technology and content			—				260,231				90,773				(450	)			350,554
General and administrative			—				161,570				84,182				1,184				246,936
Amortization of intangible assets			—				4,888				16,639				—				21,527
Legal reserves, occupancy tax and other			—				5,384				—				—				5,384
Intercompany (income) expense, net			—				521,952				(521,952	)			—				—
Operating income			—				169,574				260,640				—				430,214
Other income (expense):
Equity in pre-tax earnings of consolidated subsidiaries			333,172				251,410				—				(584,582	)			—
Other, net			(62,536	)			(39,564	)			37,915				—				(64,185	)
Total other income (expense), net			270,636				211,846				37,915				(584,582	)			(64,185	)
Income from continuing operations before income taxes			270,636				381,420				298,555				(584,582	)			366,029
Provision for income taxes			25,147				(45,614	)			(49,678	)			—				(70,145	)
Income from continuing operations			295,783				335,806				248,877				(584,582	)			295,884
Discontinued operations, net of taxes			(22,346	)			—				—				—				(22,346	)
Net income			273,437				335,806				248,877				(584,582	)			273,538
Net income attributable to noncontrolling interests			—				—				(101	)			—				(101	)
Net income attributable to Expedia, Inc.		$	273,437			$	335,806			$	248,776			$	(584,582	)		$	273,437
Comprehensive income attributable to Expedia, Inc.		$	273,437			$	336,580			$	252,768			$	(584,582	)		$	278,203

CONDENSED CONSOLIDATING STATEMENT OF OPERATION

Nine months ended September 30, 2011

		Parent				Guarantor Subsidiaries				Non-Guarantor Subsidiaries				Eliminations				Consolidated
		(In thousands)
Revenue		$	—			$	2,336,627			$	335,983			$	(10,734	)		$	2,661,876
Costs and expenses:
Cost of revenue			—				496,348				80,824				699				577,871
Selling and marketing			—				853,292				317,690				(11,422	)			1,159,560
Technology and content			—				222,785				55,754				(159	)			278,380
General and administrative			—				157,116				64,621				148				221,885
Amortization of intangible assets			—				3,752				13,560				—				17,312
Legal reserves, occupancy tax and other			—				18,904				—				—				18,904
Intercompany (income) expense, net			—				455,384				(455,384	)			—				—
Operating income			—				129,046				258,918				—				387,964
Other income (expense):
Equity in pre-tax earnings of consolidated subsidiaries			307,997				212,186				—				(520,183	)			—
Other, net			(62,530	)			9,771				(2,712	)			—				(55,471	)
Total other income (expense), net			245,467				221,957				(2,712	)			(520,183	)			(55,471	)
Income before income taxes			245,467				351,003				256,206				(520,183	)			332,493
Provision for income taxes			18,775				(40,270	)			(45,122	)			—				(66,617	)
Income from continuing operations			264,242				310,733				211,084				(520,183	)			265,876
Discontinued operations, net of taxes			137,724				143,283				112,397				(255,775	)			137,629
Net income			401,966				454,016				323,481				(775,958	)			403,505
Net income attributable to noncontrolling interests			—				—				(1,539	)			—				(1,539	)
Net income attributable to Expedia, Inc.		$	401,966			$	454,016			$	321,942			$	(775,958	)		$	401,966
Comprehensive income attributable to Expedia, Inc.		$	401,966			$	453,926			$	317,016			$	(775,958	)		$	396,950

Schedule of Balance Sheet Information

CONDENSED CONSOLIDATING BALANCE SHEET

September 30, 2012

		Parent				Guarantor Subsidiaries				Non-Guarantor Subsidiaries				Eliminations				Consolidated
		(In thousands)
ASSETS
Total current assets		$	135,432			$	2,805,523			$	918,942			$	(768,487	)		$	3,091,410
Investment in subsidiaries			4,244,307				1,284,243				—				(5,528,550	)			—
Intangible assets, net			—				636,408				191,910				—				828,318
Goodwill			—				2,436,533				570,429				—				3,006,962
Other assets, net			4,973				430,119				145,783				—				580,875
TOTAL ASSETS		$	4,384,712			$	7,592,826			$	1,827,064			$	(6,297,037	)		$	7,507,565
LIABILITIES AND STOCKHOLDERS’ EQUITY
Total current liabilities		$	663,075			$	2,988,327			$	415,664			$	(768,487	)		$	3,298,579
Long-term debt			1,249,328				—				—				—				1,249,328
Other liabilities			—				354,238				133,111				—				487,349
Stockholders’ equity			2,472,309				4,250,261				1,278,289				(5,528,550	)			2,472,309
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY		$	4,384,712			$	7,592,826			$	1,827,064			$	(6,297,037	)		$	7,507,565

CONDENSED CONSOLIDATING BALANCE SHEET

December 31, 2011

		Parent				Guarantor Subsidiaries				Non-Guarantor Subsidiaries				Eliminations				Consolidated
		(In thousands)
ASSETS
Total current assets		$	551,488			$	1,538,509			$	644,825			$	(460,393	)		$	2,274,429
Investment in subsidiaries			3,891,811				1,126,412				—				(5,018,223	)			—
Intangible assets, net			—				634,581				109,317				—				743,898
Goodwill			—				2,415,482				461,819				—				2,877,301
Other assets, net			5,587				465,473				138,570				—				609,630
TOTAL ASSETS		$	4,448,886			$	6,180,457			$	1,354,531			$	(5,478,616	)		$	6,505,258
LIABILITIES AND STOCKHOLDERS’ EQUITY
Total current liabilities		$	894,438			$	1,906,349			$	212,963			$	(460,393	)		$	2,553,357
Long-term debt			1,249,281				—				—				—				1,249,281
Other liabilities			—				378,729				18,724				—				397,453
Stockholders’ equity			2,305,167				3,895,379				1,122,844				(5,018,223	)			2,305,167
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY		$	4,448,886			$	6,180,457			$	1,354,531			$	(5,478,616	)		$	6,505,258

Schedule of Cash Flow Statement Information

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

Nine months ended September 30, 2012

		Parent				Guarantor Subsidiaries				Non-Guarantor Subsidiaries				Consolidated
		(In thousands)
Operating activities:
Net cash provided by operating activities from continuing operations		$	—			$	1,270,214			$	183,694			$	1,453,908
Investing activities:
Capital expenditures, including internal-use software and website development			—				(143,051	)			(33,929	)			(176,980	)
Purchases of investments			—				(1,265,212	)			(265,537	)			(1,530,749	)
Sales and maturities of investments			—				992,292				251,773				1,244,065
Acquisitions, net of cash acquired			—				—				(198,398	)			(198,398	)
Other, net			—				(8,511	)			(2,203	)			(10,714	)
Net cash used in investing activities from continuing operations			—				(424,482	)			(248,294	)			(672,776	)
Financing activities:
Treasury stock activity			(366,037	)			—				—				(366,037	)
Payment of dividends to stockholders			(42,470	)			—				—				(42,470	)
Proceeds from exercise of equity awards			231,073				—				1,585				232,658
Transfers (to) from related parties			149,001				(149,001	)			—				—
Other, net			28,433				(2,746	)			(3,765	)			21,922
Net cash used in financing activities from continuing operations			—				(151,747	)			(2,180	)			(153,927	)
Net cash provided by (used in) continuing operations			—				693,985				(66,780	)			627,205
Net cash used in discontinued operations			—				(7,607	)			—				(7,607	)
Effect of exchange rate changes on cash and cash equivalents			—				5,863				133				5,996
Net increase (decrease) in cash and cash equivalents			—				692,241				(66,647	)			625,594
Cash and cash equivalents at beginning of period			—				357,252				331,882				689,134
Cash and cash equivalents at end of period		$	—			$	1,049,493			$	265,235			$	1,314,728

CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS

Nine months ended September 30, 2011

		Parent				Guarantor Subsidiaries				Non- Guarantor Subsidiaries				Consolidated
		(In thousands)
Operating activities:
Net cash provided by operating activities from continuing operations		$	—			$	924,286			$	94,412			$	1,018,698
Investing activities:
Capital expenditures, including internal-use software and website development			—				(140,897	)			(16,970	)			(157,867	)
Purchases of investments			—				(1,111,613	)			(67,942	)			(1,179,555	)
Sales and maturities of investments			—				973,476				72,919				1,046,395
Other, net			—				(8,117	)			(7,037	)			(15,154	)
Net cash used in investing activities from continuing operations			—				(287,151	)			(19,030	)			(306,181	)
Financing activities:
Treasury stock activity			(208,693	)			—				—				(208,693	)
Payment of dividends to stockholders			(57,732	)			—				—				(57,732	)
Sales of additional interests in controlled subsidiaries, net			—				—				70,626				70,626
Transfers (to) from related parties			241,554				(241,554	)			—				—
Other, net			24,871				(3,888	)			5,556				26,539
Net cash provided by (used in) financing activities from continuing operations			—				(245,442	)			76,182				(169,260	)
Net cash provided by from continuing operations			—				391,693				151,564				543,257
Net cash provided by discontinued operations			—				114,412				—				114,412
Effect of exchange rate changes on cash and cash equivalents			—				(14,950	)			1,671				(13,279	)
Net increase in cash and cash equivalents			—				491,155				153,235				644,390
Cash and cash equivalents at beginning of period			—				361,516				259,683				621,199
Cash and cash equivalents at end of period		$	—			$	852,673			$	412,917			$	1,265,589

X

- Definition

Tabular disclosure of a condensed balance sheet. Disclosure may include, but is not limited to, balance sheets of consolidated entities and consolidation eliminations.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfCondensedBalanceSheetTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of a condensed cash flow statement. Disclosure may include, but is not limited to, cash flow statements of consolidated entities and consolidation eliminations.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfCondensedCashFlowStatementTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of a condensed income statement. Disclosure may include, but is not limited to, income statements of consolidated entities and consolidation eliminations.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfCondensedIncomeStatementTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration