Groupon 2011 Annual Report Download - page 105
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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
___________________________________________
No single customer or individual foreign country accounted for more than 10% of revenue during the last three years.
The following summarizes the Company's total assets as of December 31(in thousands):
The following summarizes the Company's property plant and equipment as of December 31(in thousands):
___________________________________________
99
2009
2010
2011
North America
Revenue (1)
$
14,540
$
200,412
$
634,980
Segment operating expenses (2)
15,502
210,849
630,184
Segment operating (loss) income
(962
)
(10,437
)
4,796
International
Revenue
$
—
$
112,529
$
975,450
Segment operating expenses (2)
—
283,085
1,124,579
Segment operating loss
—
(
170,556
)
(149,129
)
Consolidated
Revenue
$
14,540
$
312,941
$
1,610,430
Segment operating expenses (2)
15,502
493,934
1,754,763
Segment operating loss
(962
)
(180,993
)
(144,333
)
Stock-based compensation
115
36,168
93,590
Acquisition-related
—
203,183
(4,537
)
Interest and other expense (income), net
16
(284
)
(5,973
)
Equity-method investment activity, net
—
—
26,652
Loss before income taxes
(1,093
)
(420,060
)
(254,065
)
Provision (benefit) for income taxes
248
(6,674
)
43,697
Net loss
$
(1,341
)
$
(413,386
)
$
(297,762
)
(1)
North America contains revenue from the United States of $14.5 million, $190.5 million and
$586.7
million for the years ended December 31, 2009, 2010 and 2011, respectively.
(2) Represents operating expenses, excluding stock-based compensation, acquisition-
related expense and interest and other income (expense), net, which are not allocated to segments.
2010
2011
North America
$
104,606
$
1,076,099
International
276,964
698,377
Consolidated total
$
381,570
$
1,774,476
(1)
North America contains assets from the United States of $101.2 million and $1,061 million at December 31, 2010 and December 31, 2011.
2010
2011
North America (1)
$
9,880
$
26,585
International
6,610
25,215
Consolidated total
$
16,490
$
51,800
(1)
All property and equipment included in North America are located in the United States.