Expedia 2012 Annual Report Download - page 48

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The 2011 dividends per share have been adjusted to reflect the one-for-two reversed stock split. On
February 4, 2013, the Executive Committee, acting on behalf of the Board of Directors, declared a quarterly cash
dividend of $0.13 per share of outstanding common stock payable on March 28, 2013 to the stockholders of
record as of the close of business on March 11, 2013.
Declaration and payment of future dividends, if any, is 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, tax policies, capital requirements relating to research and development,
investments and acquisitions, challenges to our business model and other factors that the Board of Directors may
deem relevant. In addition, our credit agreement limits our ability to pay cash dividends under certain
circumstances.
Unregistered Sales of Equity Securities
During the quarter ended December 31, 2012, 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
A summary of the repurchase activity for the fourth quarter of 2012 is as follows:
Period
Total Number of
Shares Purchased
Average Price
Paid Per Share
Total Number
of Shares
Purchased as
Part of
Publicly
Announced
Plans or
Programs
Maximum
Number of
Shares that
May Yet Be
Purchased
Under Plans or
Programs
(In thousands, expect per share data)
October 1-31, 2012 840 $55.36 840 18,065
November 1-30, 2012 — — — 18,065
December 1-31, 2012 — — — 18,065
Total 840 840
In 2010, the Executive Committee, acting on behalf of the Board of Directors, authorized a repurchase of up
to 20 million outstanding shares of our common stock. On April 25, 2012, the Executive Committee, acting on
behalf of the Board of Directors, authorized an additional repurchase of up to 20 million outstanding shares of
our common stock. During 2012, we repurchased, through open market transactions, 10.7 million under the
authorizations for a total cost of $397 million, excluding transaction costs. As of December 31, 2012,
18.1 million shares remain authorized for repurchase under the April 2012 authorization. There is no fixed
termination date for the repurchases.
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