Expedia 2013 Annual Report Download - page 116

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Dividends on our Common Stock
In 2013, 2012 and 2011, the Executive Committee, acting on behalf of the Board of Directors, declared the
following dividends, which have been adjusted for the one-for-two reverse stock split in December 2011:
Dividend
Per Share
Total Amount
(in thousands)Declaration Date Record Date Payment Date
Year ended December 31,
2013:
February 5, 2013 $0.13 March 11, 2013 $17,983 March 28, 2013
April 24, 2013 0.13 May 30, 2013 17,638 June 19, 2013
July 24, 2013 0.15 August 28, 2013 20,459 September 18, 2013
October 28, 2013 0.15 November 21, 2013 19,680 December 12, 2013
Year ended December 31,
2012:
February 9, 2012 $0.09 March 12, 2012 $12,204 March 30, 2012
April 25, 2012 0.09 May 30, 2012 12,205 June 19, 2012
July 25, 2012 0.13 August 28, 2012 18,061 September 18, 2012
October 24, 2012 0.13 November 16, 2012 17,658 December 7, 2012
December 7, 2012 0.52 December 17, 2012 70,295 December 28,2012
Year ended December 31,
2011:
February 9, 2011 $0.14 March 11, 2011 $19,352 March 31, 2011
April 27, 2011 0.14 May 27, 2011 19,232 June 17, 2011
July 26, 2011 0.14 August 26, 2011 19,148 September 16, 2011
October 26, 2011 0.14 November 18, 2011 18,818 December 9, 2011
In addition, on February 5, 2014, the Executive Committee, acting on behalf of the Board of Directors,
declared a quarterly cash dividend of $0.15 per share of outstanding common stock payable on March 27, 2014
to the stockholders of record as of the close of business on March 10, 2014. Future declarations of dividends are
subject to final determination by our Board of Directors.
Spin-off Adjustment to Additional Paid-in Capital
As a result of the spin-off of TripAdvisor, during 2011, we recorded a net reduction of $648 million to
additional paid-in capital which included, (1) a reduction to net equity for the spin-date balance of TripAdvisor’s
net assets, which were contributed to TripAdvisor, Inc. upon spin-off pursuant to the separation agreement, (2) an
increase to net equity related to the reclassification of TripAdvisor’s intercompany receivable from Expedia,
which was extinguished on the spin-date pursuant to the separation agreement and (3) a reduction to net equity
for the portion of Expedia’s TripAdvisor Media Group reporting unit goodwill that exceeded the historical cost
of TripAdvisor’s goodwill in accordance with applicable accounting guidance. The details of these adjustments
are as follows (in thousands):
TripAdvisor Invested Equity as of December 20, 2011 $ 521,792
Reclassification of TripAdvisor’s intercompany receivable
from Expedia, which was extinguished in connection
with the spin-off (191,349)
Adjustments to Expedia’s TripAdvisor Media Group
reporting unit goodwill required to effect the spin-off 317,085
Reduction to additional paid-in capital related to spin-off $ 647,528
F-34