Expedia 2007 Annual Report Download - page 110

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CONDENSED CONSOLIDATING BALANCE SHEET
December 31, 2007
Parent
Guarantor
Subsidiaries
Non-Guarantor
Subsidiaries Eliminations Consolidated
(In thousands)
ASSETS
Total current assets ................ $ 6,595 $1,212,976 $147,639 $ (321,555) $1,045,655
Investment in subsidiaries ........... 6,229,193 480,038 — (6,709,231) —
Intangible assets, net ............... — 926,023 44,734 — 970,757
Goodwill ........................ — 5,611,454 394,884 — 6,006,338
Other assets, net .................. 4,881 175,254 92,537 — 272,672
TOTAL ASSETS ................. $6,240,669 $8,405,745 $679,794 $(7,030,786) $8,295,422
LIABILITIES AND STOCKHOLDERS’ EQUITY
Total current liabilities .............. $ 337,588 $1,631,601 $126,718 $ (321,555) $1,774,352
Long-term debt ................... 500,000 — — 500,000
Credit facility .................... 585,000 — — — 585,000
Other liabilities and minority interest . . . — 538,962 79,027 — 617,989
Stockholders’ equity................ 4,818,081 6,235,182 474,049 (6,709,231) 4,818,081
TOTAL LIABILITIES AND
STOCKHOLDERS’ EQUITY . . . . . $6,240,669 $8,405,745 $679,794 $(7,030,786) $8,295,422
CONDENSED CONSOLIDATING BALANCE SHEET
December 31, 2006
Parent
Guarantor
Subsidiaries
Non-Guarantor
Subsidiaries Eliminations Consolidated
(In thousands)
ASSETS
Total current assets ................ $ 461,397 $ 911,349 $267,113 $ (462,041) $1,177,818
Investment in subsidiaries ........... 5,951,961 295,989 — (6,247,950) —
Intangible assets, net ............... — 989,668 39,106 — 1,028,774
Goodwill ........................ — 5,593,031 268,261 — 5,861,292
Other assets, net .................. 6,863 137,073 58,412 (5,915) 196,433
TOTAL ASSETS ................. $6,420,221 $7,927,110 $632,892 $(6,715,906) $8,264,317
LIABILITIES AND STOCKHOLDERS’ EQUITY
Total current liabilities .............. $ — $1,601,322 $263,306 $ (462,040) $1,402,588
Long-term debt ................... 500,000 — 500,000
Other liabilities and minority interest . . . 15,931 371,069 76,354 (5,915) 457,439
Stockholders’ equity................ 5,904,290 5,954,719 293,232 (6,247,951) 5,904,290
TOTAL LIABILITIES AND
STOCKHOLDERS’ EQUITY . . . . . $6,420,221 $7,927,110 $632,892 $(6,715,906) $8,264,317
F-44
Expedia, Inc.
Notes to Consolidated Financial Statements — (Continued)