Expedia 2012 Annual Report Download - page 123

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The following tables present our segment information for the years ended December 31, 2012, 2011 and
2010. As a significant portion of our property and equipment is not allocated to our operating segments and
depreciation is not included in our segment measure, we do not report the assets by segment as it would not be
meaningful. We do not regularly provide such information to our chief operating decision makers.
Year ended December 31, 2012
Leisure Egencia Corporate Total
(In thousands)
Revenue $3,738,955 $291,392 $ — $4,030,347
Adjusted EBITDA $1,073,226 $ 53,207 $(323,558) $ 802,875
Depreciation (74,982) (12,031) (77,234) (164,247)
Amortization of intangible assets — — (31,705) (31,705)
Stock-based compensation — — (64,596) (64,596)
Legal reserves, occupancy tax and other — — (117,025) (117,025)
Realized loss on revenue hedges 6,422 — — 6,422
Operating income (loss) $1,004,666 $ 41,176 $(614,118) 431,724
Other expense, net (81,667)
Income from continuing operations before
income taxes 350,057
Provision for income taxes (47,078)
Income from continuing operations 302,979
Discontinued operations, net of taxes (22,539)
Net income 280,440
Net income attributable to noncontrolling
interests (269)
Net income attributable to Expedia, Inc. $ 280,171
Year ended December 31, 2011
Leisure Egencia Corporate Total
(In thousands)
Revenue $3,269,721 $179,288 $ — $3,449,009
Adjusted EBITDA $ 982,339 $ 28,789 $(300,293) $ 710,835
Depreciation (56,593) (8,349) (68,067) (133,009)
Amortization of intangible assets — — (21,925) (21,925)
Stock-based compensation — — (63,847) (63,847)
Legal reserves, occupancy tax and other — — (20,855) (20,855)
Realized loss on revenue hedges 8,410 — — 8,410
Operating income (loss) $ 934,156 $ 20,440 $(474,987) 479,609
Other expense, net (77,537)
Income from continuing operations before
income taxes 402,072
Provision for income taxes (75,731)
Income from continuing operations 326,341
Discontinued operations, net of taxes 148,262
Net income 474,603
Net income attributable to noncontrolling
interests (2,309)
Net income attributable to Expedia, Inc. $ 472,294
F-41