Expedia 2005 Annual Report Download - page 33

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Part I. Item 4. Submission of Matters to a Vote of Security Holders
There were no matters submitted to a vote of our security holders during the fourth quarter of 2005.
Part II. Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and
Issuer Purchases of Equity Securities
Market for Registrant's Common Equity and Related Stockholder Matters and Issuer Purchases of
Equity Securities
Our common stock has been quoted on The Nasdaq Stock Market, or ""NASDAQ,'' under the ticker
symbol ""EXPE'' since August 9, 2005. Prior to that time, there was no public market for our common
stock. Our Class B common stock is not listed and there is no established public trading market. As of
February 28, 2006, there were approximately 5,390 holders of record of our common stock and the closing
price of our common stock was $18.97 on NASDAQ. As of February 28, 2006, there were six holders of
record of our Class B common stock, each of which is an affiliate of Liberty Media Corporation.
EXPEDIA, INC.
Market for Registrant's Common Equity and Related Stockholder Matters
High Low
Year ended December 31, 2005
Fourth Quarter ÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏÏ $26.10 $18.74
Third Quarter (from August 9, 2005 through September 30, 2005)ÏÏÏÏÏÏÏÏÏÏ 23.85 19.73
Dividend Policy
We have not historically paid cash dividends on our common stock or Class B common stock.
Declaration and payment of future dividends, if any, will be at the discretion of the Board of Directors and
will depend on, among other things, our results of operations, cash requirements and surplus, financial
condition, share dilution management, legal risks, capital requirements relating to research and
development, investments and acquisitions, and challenges to our business model and other factors that the
Board of Directors may deem relevant. In addition, the Credit Agreement limits our ability to pay cash
dividends under certain circumstances.
Unregistered Sales of Equity Securities
During the quarter ended December 31, 2005, we did not issue or sell any shares of our common
stock or other equity securities pursuant to unregistered transactions in reliance upon an exemption from
the registration requirements of the Securities Act of 1933, as amended.
Issuer Purchases of Equity Securities
We did not make any purchases of our common stock during the quarter ended December 31, 2005.
Part II. Item 6. Selected Financial Data
We have derived the following selected financial data presented below from the consolidated financial
statements and related notes. The selected financial data should be read in connection with the
consolidated financial statements and related notes, some of which are included herein. The information
set forth below is not necessarily indicative of future results and should be read in conjunction with
Item 7, ""Management's Discussion and Analysis of Financial Condition and Results of Operations.''
Our consolidated financial statements present our results of operations, financial position, stockholders'
equity and cash flows on a combined basis up through the Spin-Off on August 9, 2005, and on a
consolidated basis thereafter.
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