Orbitz 2009 Annual Report Download - page 71
Download and view the complete annual report
Please find page 71 of the 2009 Orbitz annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61 -
62 -
63 -
64 -
65 -
66 -
67 -
68 -
69 -
70 -
71 -
72 -
73 -
74 -
75 -
76 -
77 -
78 -
79 -
80 -
81 -
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
 |
 |
ORBITZ WORLDWIDE, INC.
CONSOLIDATED STATEMENTS OF INVESTED EQUITY/SHAREHOLDERS’ EQUITY
(in millions)
Cendant or
Travelport
Net
Investment Shares Amount
Additional
Paid in
Capital
Accumulated
Deficit
Interest
Rate
Swaps
Foreign
Currency
Translation
Total
Invested
Equity/
Shareholders’
Equity
Common Stock
Net Unrealized Gains
(Losses) from
Accumulated Other
Comprehensive
Income (Loss)
Predecessor
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
Net loss . . . . . . . . . . . . . . . . . . . . . . . . . (121) — — — — — — (121)
Other comprehensive loss, net of tax benefit
of $0 . . . . . . . . . . . . . . . . . . . . . . . . . — — — — — — (32) (32)
Balance as of August 22, 2006 . . . . . . . . . $1,240 — — — — — $(26) $1,214
Successor
Balance as of August 23, 2006 . . . . . . . . . $1,290 — — — — — — $1,290
Net loss . . . . . . . . . . . . . . . . . . . . . . . . . (25) — — — — — — (25)
Other comprehensive income, net of tax
benefit of $0 . . . . . . . . . . . . . . . . . . . . — — — — — — $ 2 2
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, net of
payments to satisfy employee tax
withholding obligations upon vesting . . . — — — 7 — — — 7
Net loss from January 1, 2007 through
July 17, 2007 . . . . . . . . . . . . . . . . . . . (43) — — — — — — (43)
Net loss from July 18, 2007 through
December 31, 2007 . . . . . . . . . . . . . . . — — — — (42) — — (42)
Other comprehensive loss, net of tax benefit
of$2......................... — — — — — $ (4) (4) (8)
Balance at December 31, 2007 . . . . . . . . — 83 1 894 (151) (4) (2) 738
Net loss . . . . . . . . . . . . . . . . . . . . . . . . . — — — — (299) — — (299)
Amortization of equity-based compensation
awards granted to employees, net of
payments to satisfy employee tax
withholding obligations upon vesting . . . — — — 14 — — — 14
Other comprehensive loss, net of tax benefit
of $0 . . . . . . . . . . . . . . . . . . . . . . . . . — — — — — (8) (7) (15)
Balance at December 31, 2008 . . . . . . . . — 83 $ 1 $908 $(450) $(12) $ (9) $ 438
See Notes to Consolidated Financial Statements.
71