v2.4.0.6
Segment Information
 12 Months Ended
Dec. 31, 2011
SEGMENT INFORMATION [Abstract]  
Segment Information [Text Block]
SEGMENT INFORMATION
The Company has organized its operations into two principal segments: North America, which represents the United States and Canada; and International, which represents the rest of the Company's global operations. Segment operating results reflect earnings before stock-based compensation, acquisition-related expenses, interest and other income (expense), net, and provision (benefit) for income taxes. Segment information reported below represents the operating segments of the Company for which separate information is available and for which segment results are evaluated regularly by the Company's chief operating decision-maker (i.e., chief executive officer) in assessing performance and allocating resources.
Revenues for each segment are based on the geographic market that sells the Groupons. Revenue and profit or loss information by reportable segment reconciled to consolidated net loss for the years ended 2009, 2010 and 2011 were as follows (in thousands):

 
2009
 
2010
 
2011
North America
 
 
 
 
 
Revenue(1)
$
14,540

 
$
200,412

 
$
634,980

Segment operating expenses(2)
15,502

 
210,849

 
630,184

Segment operating (loss) income
(962
)
 
(10,437
)
 
4,796

International
 
 
 
 
 
Revenue
$
—

 
$
112,529

 
$
975,450

Segment operating expenses(2)
—

 
283,085

 
1,124,579

Segment operating loss
—

 
(170,556
)
 
(149,129
)
Consolidated
 
 
 
 
 
Revenue
$
14,540

 
$
312,941

 
$
1,610,430

Segment operating expenses(2)
15,502

 
493,934

 
1,754,763

Segment operating loss
(962
)
 
(180,993
)
 
(144,333
)
Stock-based compensation
115

 
36,168

 
93,590

Acquisition-related
—

 
203,183

 
(4,537
)
Interest and other expense (income), net
16

 
(284
)
 
(5,973
)
Equity-method investment activity, net
—

 
—

 
26,652

Loss before income taxes
(1,093
)
 
(420,060
)
 
(254,065
)
Provision (benefit) for income taxes
248

 
(6,674
)
 
43,697

Net loss
$
(1,341
)
 
$
(413,386
)
 
$
(297,762
)
 
 
 
 
 
 
___________________________________________

(1)
North America contains revenue from the United States of $14.5 million, $190.5 million and $586.7 million for the years ended December 31, 2009, 2010 and 2011, respectively.

(2)
Represents operating expenses, excluding stock-based compensation, acquisition-related expense and interest and other income (expense), net, which are not allocated to segments.

No single customer or individual foreign country accounted for more than 10% of revenue during the last three years.

The following summarizes the Company's total assets as of December 31(in thousands):

 
2010
 
2011
North America
$
104,606

 
$
1,076,099

International
276,964

 
698,377

Consolidated total
$
381,570

 
$
1,774,476


(1)
North America contains assets from the United States of $101.2 million and $1,061 million at December 31, 2010 and December 31, 2011.

The following summarizes the Company's property plant and equipment as of December 31(in thousands):

 
2010
 
2011
North America(1)
$
9,880

 
$
26,585

International
6,610

 
25,215

Consolidated total
$
16,490

 
$
51,800

 
 
 
 
___________________________________________

(1)
All property and equipment included in North America are located in the United States.
There were no individual countries located outside of the United States that represented more than 10% of consolidated property and equipment, net.
The following summarizes the Company's investments in equity interests, net as of December 31(in thousands):
 
 
 
2011
North America(1)
$
1,209

International(2)
49,395

Consolidated total
$
50,604

 
 
(1)
All investments in equity interests included in North America are located in the United States.
(2)
All investments in equity interests included in International are held by an entity in the Netherlands.
The following summarizes the Company's capital expenditures for the years ended December 31(in thousands):
 
2009
 
2010
 
2011
North America
$
290

 
$
10,898

 
$
19,452

International
—

 
3,783

 
24,359

Consolidated total
$
290

 
$
14,681

 
$
43,811