Expedia 2012 Annual Report Download - page 87
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EXPEDIA, INC.
CONSOLIDATED BALANCE SHEETS
December 31,
2012 2011
(In thousands, except per share data)
ASSETS
Current assets:
Cash and cash equivalents $ 1,293,161 $ 689,134
Restricted cash and cash equivalents 21,475 19,082
Short-term investments 644,982 648,819
Accounts receivable, net of allowance of $10,771 and $7,959 461,531 339,427
Prepaid expenses and other current assets 179,729 121,541
Current assets of discontinued operations 13,624 456,426
Total current assets 2,614,502 2,274,429
Property and equipment, net 409,373 320,282
Long-term investments and other assets 224,231 289,348
Intangible assets, net 821,419 743,898
Goodwill 3,015,670 2,877,301
TOTAL ASSETS $ 7,085,195 $ 6,505,258
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable, merchant $ 954,071 $ 777,602
Accounts payable, other 283,029 173,855
Deferred merchant bookings 1,128,231 833,625
Deferred revenue 26,475 15,238
Accrued expenses and other current liabilities 590,505 333,237
Current liabilities of discontinued operations — 419,800
Total current liabilities 2,982,311 2,553,357
Long-term debt 1,249,345 1,249,281
Deferred income taxes, net 323,766 279,962
Other long-term liabilities 140,385 117,491
Commitments and contingencies
Stockholders’ equity:
Common stock $.0001 par value 19 18
Authorized shares: 1,600,000
Shares issued: 189,255 and 176,378
Shares outstanding: 122,530 and 120,781
Class B common stock $.0001 par value 1 1
Authorized shares: 400,000
Shares issued and outstanding: 12,800 and 12,800
Additional paid-in capital 5,675,075 5,474,653
Treasury stock—Common stock, at cost (2,952,790) (2,535,219)
Shares: 66,725 and 55,597
Retained earnings (deficit) (442,068) (722,239)
Accumulated other comprehensive income (loss) 22 (17,350)
Total Expedia, Inc. stockholders’ equity 2,280,259 2,199,864
Noncontrolling interest 109,129 105,303
Total stockholders’ equity 2,389,388 2,305,167
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 7,085,195 $ 6,505,258
See notes to consolidated financial statements.
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