Priceline 2014 Annual Report Download - page 85

Download and view the complete annual report

Please find page 85 of the 2014 Priceline 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.

Page out of 160

  • 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
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160

The Priceline Group Inc.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(In thousands)
(1) Foreign currency translation adjustments includes a tax of $55,597 for the year ended December 31, 2014 and tax benefits of $55,001 and
$18,001 for the years ended December 31, 2013 and 2012
, respectively, associated with hedges of foreign denominated net assets (See Note 14).
The remaining balance in currency translation adjustments excludes income taxes due to the Company's practice and intention to reinvest the
earnings of its foreign subsidiaries in those operations (See Note 15 ).
(2) Net of tax benefits of $7,621 , $43 and $158 for the years ended December 31, 2014 , 2013 and 2012 , respectively.
See Notes to Consolidated Financial Statements.
81
Year Ended December 31,
2014
2013
2012
Net income
$
2,421,753
$
1,892,798
$
1,424,037
Other comprehensive income (loss), net of tax
Foreign currency translation adjustments
(1)
(187,356
)
97,970
69,683
Unrealized gain (loss) on marketable securities
(2)
(157,275
)
21
(620
)
Comprehensive income
2,077,122
1,990,789
1,493,100
Less: Comprehensive income (loss) attributable to redeemable noncontrolling interests
—
(
10,279
)
9,628
Comprehensive income attributable to common stockholders
$
2,077,122
$
2,001,068
$
1,483,472