Orbitz 2008 Annual Report Download - page 74

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ORBITZ WORLDWIDE, INC.
CONSOLIDATED STATEMENTS OF INVESTED EQUITY/SHAREHOLDERS' EQUITY
(in millions)
Accumulated Other
Comprehensive
Income (Loss)
Net Unrealized
(Losses) Gains From
Cendant or
Travelport
Net
Investment
Common Stock
Total Invested
Equity/
Shareholders'
Equity
Additional
Paid in
Capital
Accumulated
Deficit
Interest
Rate
Swaps
Foreign
Currency
Translation
Shares
Amount
Predecessor
Balance as of December 31, 2004 $ 1,302 — — — — — $ 1 $ 1,303
Capital contribution from Cendant 504 — — — — — — 504
Comprehensive (loss):
Net loss (388) — — — — — — (388)
Currency translation adjustment — — — — — — 5 5
Total comprehensive (loss) (388) — — — — — 5 (383)
Balance as of December 31, 2005 1,418 — — — — — 6 1,424
Non-cash forgiveness of receivable
from Cendant (67) — — — — — — (67)
Use of income tax benefits by Cendant 10 — — — — — — 10
Comprehensive (loss):
Net loss (121) — — — — — — (121)
Currency translation adjustment — — — — — — (32) (32)
Total comprehensive (loss) (121) — — — — — (32) (153)
Balance as of August 22, 2006 $ 1,240 — — — — — $ (26) $ 1,214
Successor
Balance as of August 23, 2006 $ 1,290 — — — — — — $ 1,290
Comprehensive (loss):
Net loss (25) — — — — — — (25)
Currency translation adjustment — — — — — — $ 2 2
Total comprehensive (loss) (25) — — — — — 2 (23)
Balance at December 31, 2006 1,265 — — — — — 2 1,267
Capital distribution to Travelport and
other, net (841) — — — — — — (841)
Issuance of common stock to Travelport
in connection with
Reorganization (381) 49 $ 1 $ 380 — — — —
Issuance of common stock in
connection with initial public
offering,
net of offering costs — 34 — 477 — — — 477
Dividend paid to Travelport — — — — $ (109) — — (109)
Contributions from Travelport — — — 30 — — — 30
Amortization of equity-based
compensation awards granted to
employees of Orbitz
Worldwide, Inc. — — — 7 — — — 7
Comprehensive (loss):
Net (loss) from January 1, 2007
through July 17, 2007 (43) — — — — — — (43)
Net (loss) from July 18, 2007
through December 31, 2007 — — — — (42) — — (42)
Currency translation adjustment — — — — — — (4) (4)
Unrealized (losses) on floating to
fixed interest rate swaps (net of
tax benefit of $2) — — — — — $ (4) — (4)
Total comprehensive (loss): (43) — — — (42) (4) (4) (93)
Balance at December 31, 2007 — 83 $ 1 $ 894 $ (151) $ (4) $ (2) $ 738
See Notes to Consolidated Financial Statements.
67
Source: Orbitz Worldwide, In, 10-K/A, August 28, 2008