Expedia 2013 Annual Report Download - page 125

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The following tables present our segment information for the years ended December 31, 2013, 2012 and
2011. 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, 2013
Leisure Egencia Corporate Total
(In thousands)
Revenue $4,406,336 $364,923 $ — $4,771,259
Adjusted EBITDA $1,177,298 $ 58,953 $(357,528) $ 878,723
Depreciation (104,632) (14,949) (92,163) (211,744)
Amortization of intangible assets — — (71,731) (71,731)
Stock-based compensation — — (130,173) (130,173)
Acquisition-related and other — — (9,829) (9,829)
Legal reserves, occupancy tax and other — — (77,919) (77,919)
Realized gain on revenue hedges (11,267) — — (11,267)
Operating income (loss) $1,061,399 $ 44,004 $(739,343) 366,060
Other expense, net (65,367)
Income from continuing operations before
income taxes 300,693
Provision for income taxes (84,335)
Net income 216,358
Net loss attributable to noncontrolling
interests 16,492
Net income attributable to Expedia, Inc. $ 232,850
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
F-43