Expedia 2006 Annual Report Download - page 99

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NOTE 18 — Quarterly Financial Information (Unaudited)
March 31 June 30 September 30 December 31
Three Months Ended
(In thousands, except per share data)
Year ended December 31, 2006
Revenue ............................. $493,898 $598,458 $613,942 $531,288
Gross profit .......................... 374,584 470,009 480,848 409,507
Operating income ...................... 26,242 136,255 89,292 99,540
Net income .......................... 23,335 95,482 58,977 67,140
Basic earnings per share ................. $ 0.07 $ 0.28 $ 0.18 $ 0.20
Diluted earnings per share................ 0.06 0.27 0.17 0.20
Year ended December 31, 2005
Revenue ............................. $485,046 $555,007 $584,653 $494,749
Gross profit .......................... 370,943 425,523 460,633 382,137
Operating income ...................... 66,325 96,379 148,639 85,709
Net income .......................... 48,029 73,432 82,035 25,234
Basic earnings per share ................. $ 0.14 $ 0.22 $ 0.24 $ 0.07
Diluted earnings per share................ 0.14 0.22 0.23 0.07
F-39
Expedia, Inc.
Notes to Consolidated Financial Statements — (Continued)