Expedia 2008 Annual Report Download - page 16

requirements and participation in state restitution funds. In addition, our businesses are subject to regulation by
the U.S. Department of Transportation and must comply with various rules and regulations governing the
provision of air transportation, including those relating to advertising and accessibility.
As we continue to expand the reach of our brands into the European, Asia-Pacific and other international
markets, we are increasingly subject to laws and regulations applicable to travel agents in those markets,
including, in some countries, laws regulating the provision of travel packages and industry specific value-
added tax regimes. For example, the European Economic Community Council Directive on Package Travel
Package Holidays and Package Tours imposes various obligations upon marketers of travel packages, such as
disclosure obligations to consumers and liability to consumers for improper performance of the package,
including supplier failure.
Financial Information about Segments and Geographic Areas
We generate our revenue through a diverse customer base, and there is no reliance on a single customer
or small group of customers; no customer represented 10% or more of our total revenue in the periods
presented in this Annual Report on Form 10-K.
We have two reportable segments: North America and Europe. The segment and geographic information
required herein is contained in Note 16 — Segment Information, in the notes to our consolidated financial
statements
We are in the process of reorganizing our business around our global brands. Our chief operating decision
makers are assessing our new structure to determine how we will manage our business and report our financial
results. Beginning in the first quarter of 2009, we expect our reportable segments to change as we will no
longer manage the business on a geographical basis.
Additional Information
Company Website and Public Filings. We maintain a corporate website at www.expediainc.com. Except
as explicitly noted, the information on our website, as well as the websites of our various brands and
businesses, is not incorporated by reference in this Annual Report on Form 10-K, or in any other filings with,
or in any information furnished or submitted to, the SEC.
We make available, free of charge through our website, our Annual Reports on Form 10-K, Quarterly
Reports on Form 10-Q and Current Reports on Form 8-K, and amendments to those reports, filed or furnished
pursuant to Sections 13(a) or Section 15(d) of the Securities Exchange Act of 1934, as amended, as soon as
reasonably practicable after they have been electronically filed with, or furnished to, the SEC.
Code of Ethics. We post our code of business conduct and ethics, which applies to all employees,
including all executive officers, senior financial officers and directors, on our corporate website at
www.expediainc.com. Our code of business conduct and ethics complies with Item 406 of SEC Regulation S-K
and the rules of NASDAQ. We intend to disclose any changes to the code that affect the provisions required
by Item 406 of Regulation S-K, and any waivers of the code of ethics for our executive officers, senior
financial officers or directors, on our corporate website.
Employees
As of December 31, 2008, we employed approximately 8,050 full-time and part-time employees,
including approximately 1,920 employees of eLong. We believe we have good relationships with our
employees, including relationships with employees represented by works councils or other similar
organizations.
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