Expedia 2008 Annual Report Download - page 117

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CONDENSED CONSOLIDATING BALANCE SHEET
December 31, 2008
Parent
Guarantor
Subsidiaries
Non-Guarantor
Subsidiaries Eliminations Consolidated
(In thousands)
ASSETS
Total current assets ................ $ 42,084 $1,784,614 $ 348,496 $ (976,480) $1,198,714
Investment in subsidiaries ........... 3,747,416 548,970 — (4,296,386) —
Intangible assets, net ............... — 685,692 147,727 — 833,419
Goodwill ........................ — 3,015,958 522,611 — 3,538,569
Other assets, net .................. 4,063 214,663 104,821 — 323,547
TOTAL ASSETS ................. $3,793,563 $6,249,897 $1,123,655 $(5,272,866) $5,894,249
LIABILITIES AND STOCKHOLDERS’ EQUITY
Total current liabilities .............. $ 570,621 $1,433,356 $ 538,671 $ (976,480) $1,566,168
Long-term debt ................... 894,548 — — — 894,548
Credit facility .................... — 650,000 — — 650,000
Other liabilities and minority interest . . . — 409,606 45,533 — 455,139
Stockholders’ equity ............... 2,328,394 3,756,935 539,451 (4,296,386) 2,328,394
TOTAL LIABILITIES AND
STOCKHOLDERS’ EQUITY ..... $3,793,563 $6,249,897 $1,123,655 $(5,272,866) $5,894,249
CONDENSED CONSOLIDATING BALANCE SHEET
December 31, 2007
Parent
Guarantor
Subsidiaries
Non-Guarantor
Subsidiaries Eliminations Consolidated
(In thousands)
ASSETS
Total current assets ................ $ 18,864 $1,763,796 $147,639 $ (884,644) $1,045,655
Investment in subsidiaries ........... 6,196,736 480,038 — (6,676,774) —
Intangible assets, net ............... — 926,023 44,734 — 970,757
Goodwill ........................ — 5,611,454 394,884 — 6,006,338
Other assets, net .................. 3,158 176,977 92,537 — 272,672
TOTAL ASSETS ................. $6,218,758 $8,958,288 $679,794 $(7,561,418) $8,295,422
LIABILITIES AND STOCKHOLDERS’ EQUITY
Total current liabilities .............. $ 900,677 $1,631,601 $126,718 $ (884,644) $1,774,352
Long-term debt ................... 500,000 — — 500,000
Credit facility .................... — 585,000 — — 585,000
Other liabilities and minority interest . . . — 538,962 79,027 — 617,989
Stockholders’ equity ............... 4,818,081 6,202,725 474,049 (6,676,774) 4,818,081
TOTAL LIABILITIES AND
STOCKHOLDERS’ EQUITY ..... $6,218,758 $8,958,288 $679,794 $(7,561,418) $8,295,422
F-45
Expedia, Inc.
Notes to Consolidated Financial Statements — (Continued)