Orbitz 2009 Annual Report Download - page 36

Issuer Purchases of Equity Securities
The following table sets forth repurchases of our common stock during the fourth quarter of 2008:
Period
Total Number of
Shares Purchased(a)
Average Price
Paid Per Share
Total Number of
Shares Purchased as
Part of Publicly
Announced Plans or
Programs(b)
Maximum Number of
Shares That May Yet be
Purchased Under the
Plans or Programs(b)
October 1, 2008 to October 31, 2008 . . . . . — — — —
November 1, 2008 to November 30, 2008 . . 324 $2.23 — —
December 1, 2008 to December 31, 2008 . . — — — —
Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . 324 $2.23 — —
(a) Represents shares of our common stock transferred to us from employees in satisfaction of minimum tax
withholding obligations associated with the vesting of restricted stock during the period. These shares are
held by us in treasury.
(b) During the fourth quarter of 2008, we did not have a publicly announced plan or program for the repur-
chase of our common stock.
Item 6. Selected Financial Data.
The following table presents selected financial data as of and for each of the five years in the year ended
December 31, 2008. The statement of operations data presented for each of the years ended December 31,
2008 and 2007, the periods from August 23, 2006 to December 31, 2006 and January 1, 2006 to August 22,
2006, and for each of the years ended December 31, 2005 and 2004, and the balance sheet data for the years
ended December 31, 2008, 2007, 2006 and 2005 are derived from our audited financial statements. The
balance sheet data for the year ended December 31, 2004 is derived from unaudited financial statements. The
unaudited information was prepared on a basis consistent with that used to prepare our audited financial
statements and includes all adjustments, of normal and recurring items, that we consider necessary for a fair
presentation of the balance sheet for the unaudited period. Our consolidated financial statements include the
financial condition, results of operations and cash flows of HotelClub since April 2004, Orbitz since November
2004 and ebookers since February 2005.
Prior to the IPO, we had not operated as an independent standalone company. As a result, our
consolidated financial statements have been carved out of the historical financial statements of Cendant for the
period prior to the Blackstone Acquisition and out of the historical financial statements of Travelport for the
period subsequent to the Blackstone Acquisition. In connection with the Blackstone Acquisition, the carrying
values of our assets and liabilities were revised to reflect their fair values as of August 23, 2006, based upon
an allocation of the overall purchase price of Travelport to the underlying net assets of the various Travelport
affiliates acquired. Our selected financial data is presented below on a “Successor” basis (reflecting
Travelport’s ownership of us) and “Predecessor” basis (reflecting Cendant’s ownership of us) and has been
separated by a vertical line to identify these different bases of accounting.
Our historical consolidated financial statements do not reflect what our financial position, results of
operations and cash flows would have been had we operated as a separate, standalone company without the
shared resources of Cendant in the Predecessor periods and Travelport in the Successor periods. The following
selected financial data should be read in conjunction with Item 7, “Management’s Discussion and Analysis of
Financial Condition and Results of Operations” as well as the consolidated financial statements and notes
thereto included in Item 8 of this Annual Report on Form 10-K.
36