TripAdvisor 2012 Annual Report Download - page 77

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TRIPADVISOR, INC.
CONSOLIDATED AND COMBINED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY
(in thousands, except share data)
Invested
Capital Common stock
Class B
Common Stock
Additional
paid-in
capital
Retained
earnings
Accumulated
other
comprehensive
income (loss) Total
Shares Amount Shares Amount
Balance as of
December 31, 2009 $ 393,363 — $ — — $ — $ — $ — $(3,449) $ 389,914
Net income attributable
to TripAdvisor, Inc. 138,776 138,776
Currency translation
adjustments 1,520 1,520
Tax benefits on equity
awards 3,992 3,992
Adjustment to the fair
value of redeemable
noncontrolling interest (1,152) (1,152)
Stock-based
compensation expense 6,582 6,582
Balance as of
December 31, 2010 $ 541,561 — $ — — $ — $ — $ — $(1,929) $ 539,632
Net income attributable
to TripAdvisor, Inc.
prior to Spin-Off 175,308 175,308
Net income attributable
to TripAdvisor, Inc.
after the Spin-Off 2,369 2,369
Currency translation
adjustments (781) (781)
Tax benefits on equity
awards 1,453 1,453
Stock- based
compensation expense-
pre-Spin-Off 16,260 16,260
Acquisition of common
control subsidiary
from Expedia (40,564) (40,564)
Adjustment to the fair
value of redeemable
noncontrolling interest (571) (571)
Extinguishment of
receivable due from
Expedia related to
Spin- Off, including
transfers of assets and
liabilities (1,525) (1,525)
Distribution to Expedia
related to Spin-Off, net (398,488) (398,488)
Capitalization of
TripAdvisor as a result
of Spin-Off from
Expedia, including
issuance of Common
and Class B shares (293,434)120,661,808 121 12,799,999 13 293,300 —
Stock-based
compensation expense-
post Spin-Off 444 444
67