Orbitz 2008 Annual Report Download - page 101

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ORBITZ WORLDWIDE, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
11. Income Taxes
Pre-tax (loss) income for U.S. and non-U.S. operations consisted of the following:
Year Ended
December 31, 2007
Successor
Period from August 23, 2006
to December 31, 2006
Successor
Period from
January 1, 2006 to
August 22, 2006
Predecessor
Year Ended
December 31, 2005
Predecessor
(in millions)
U.S. $ (6) $ (1) $ 31 $ 8
Non-U.S. (35) (23) (151) (438)
Loss before income taxes $ (41) $ (24) $ (120) $ (430)
The provision (benefit) for income taxes consists of the following:
Year Ended
December 31, 2007
Successor
Period from
August 23, 2006 to
December 31, 2006
Successor
Period from
January 1, 2006 to
August 22, 2006
Predecessor
Year Ended
December 31, 2005
Predecessor
(in millions)
Current
U.S. federal and state $ — $ — $ — $ —
Non-U.S. 5 (1) 17 7
5 (1) 17 7
Deferred
U.S. federal and state 6 — — —
Non-U.S. 32 2 (16) (49)
38 2 (16) (49)
Provision (benefit) for income
taxes $ 43 $ 1
$ 1 $ (42)
For the period August 23, 2006 to December 31, 2006, we were part of a consolidated U.S. federal income tax filing group and were included in
Travelport's consolidated U.S. federal and state income tax returns. For the period January 1, 2006 to August 22, 2006 and the year ended December 31, 2005,
prior to the Blackstone Acquisition, the Predecessor was part of Cendant's consolidated U.S. federal income tax filing group and was included in Cendant's
consolidated U.S. federal and state income tax returns. The results of operations of Travelport for the period from January 1, 2007 to February 7, 2007 will be
included in the consolidated U.S. federal and state income tax returns for the year ended December 31, 2007 to be filed by Orbitz Worldwide, Inc. and its
subsidiaries. However, the provision for income taxes was computed as if we filed our U.S. federal, state and foreign income tax returns on a Separate Company
basis without the inclusion of the results of operations of Travelport for the period January 1, 2007 to February 7, 2007.
94
Source: Orbitz Worldwide, In, 10-K/A, August 28, 2008