TripAdvisor 2011 Annual Report Download - page 96

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Table of Contents
NOTE 8: INCOME TAXES
The following table presents a summary of our domestic and foreign income before income taxes:
The following table presents a summary of the components of our provision for income taxes:
For all periods presented, current and deferred tax expense has been computed using our stand-alone effective rate. As of December 31,
2011, our current income tax payable represents amounts that we will pay to the Internal Revenue Service and other tax authorities.
For the period from January 1, 2011 through the Spin-Off date, we were a member of the Expedia consolidated tax group. Accordingly,
Expedia will file a consolidated federal income tax return and certain state income tax returns with us for that period. Expedia will pay the entire
income tax liability associated with these filings. As such, our estimated income tax liability for this period was transferred to Expedia upon
Spin-Off and is not included in income taxes payable as of December 31, 2011. Under the terms of the Tax Sharing Agreement, Expedia can
make certain elections in preparation of these tax returns which may change the amount of income taxes we owe for the period after the Spin-
Off. Additionally, due to continuing ownership and business relationships after the Spin-Off, we may be considered to have a unitary
relationship with Expedia during 2012 for state income tax purposes. Consequently, we may file as part of a unitary combined group with
Expedia for certain state tax returns for 2012.
92
Year Ended December 31,
2011
2010
2009
(In thousands)
Domestic
$
121,100
$
121,964
$
113,265
Foreign
150,794
102,451
53,275
Total
$
271,894
$
224,415
$
166,540
Year Ended December 31,
2011
2010
2009
(In thousands)
Current income tax expense:
Federal
$
49,736
$
42,568
$
30,782
State
7,818
13,490
9,943
Foreign
37,480
30,056
16,382
Current income tax expense
95,034
86,114
57,107
Deferred income tax (benefit) expense:
Federal
216
972
6,436
State
148
(215
)
904
Foreign
(1,295
)
(1,410
)
(122
)
Deferred income tax (benefit) expense:
(931
)
(653
)
7,218
Provision for income taxes
$
94,103
$
85,461
$
64,325