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Part II. Item 6. Selected Financial Data
We have derived the following selected financial data presented below from the consolidated financial
statements and related notes. The information set forth below is not necessarily indicative of future results and
should be read in conjunction with the consolidated financial statements and related notes and Part II, Item 7,
Management’s Discussion and Analysis of Financial Condition and Results of Operations.
SELECTED FINANCIAL DATA
Year Ended December 31,(1)
2013 2012 2011 2010 2009
(in thousands, except per share data)
Consolidated Statements of Operations Data:
Revenue $ 4,771,259 $4,030,347 $3,449,009 $3,033,645 $2,743,051
Operating income 366,060 431,724 479,609 500,787 397,743
Net income from continuing operations 216,358 302,979 326,341 305,497 218,274
Discontinued operations, net of taxes — (22,539) 148,262 120,063 85,349
Net income attributable to Expedia, Inc. 232,850 280,171 472,294 421,500 299,526
Earnings per share from continuing
operations attributable to Expedia, Inc.
available to common stockholders:
Basic $ 1.73 $ 2.26 $ 2.39 $ 2.14 $ 1.48
Diluted 1.67 2.16 2.34 2.09 1.46
Earnings per share attributable to Expedia,
Inc. available to common stockholders:
Basic $ 1.73 $ 2.09 $ 3.48 $ 2.98 $ 2.08
Diluted 1.67 2.00 3.41 2.93 2.05
Shares used in computing earnings per share:
Basic 134,912 134,203 135,888 141,233 144,107
Diluted 139,593 139,929 138,702 144,014 146,071
Dividends declared per common share $ 0.56 $ 0.96 $ 0.56 $ 0.56 $ —
December 31,
2013 2012 2011 2010 2009
Consolidated Balance Sheet Data:
Working deficit $(1,075,094) $ (367,809) $ (278,928) $ (187,792) $ (610,008)
Total assets 7,739,481 7,132,746 6,505,258 6,656,922 5,924,284
Long-term debt(2) 1,249,412 1,249,345 1,249,281 1,249,221 500,000
Noncontrolling interest 113,521 109,129 105,303 64,159 67,045
Total stockholders’ equity 2,258,985 2,389,388 2,305,167 2,736,703 2,749,726
(1) On December 20, 2011, we completed the spin-off of TripAdvisor. Immediately prior to the spin-off, we
effected a one-for-two reverse stock split. In order to complete the spin-off, we were required to redeem the
$400 million principal of our 8.5% senior notes due 2016 (“8.5% Notes”), which were legally extinguished
in the first quarter of 2012. Accordingly, the results of operations and financial condition of TripAdvisor,
and related debt extinguishment losses have been presented in discontinued operations for all periods
presented. Further, all Expedia common stock information and related per share prices have been adjusted to
reflect the reverse stock split.
(2) Excludes the 8.5% Notes , which were included within current liabilities of discontinued operations as of
December 31, 2011 and within noncurrent liabilities of discontinued operations for all prior years. For more
information, see Note 4 — Discontinued Operations in the notes to consolidated financial statements.
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