Expedia 2009 Annual Report Download - page 109

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Expedia, Inc.
Notes to Consolidated Financial Statements — (Continued)
Year ended December 31, 2008
Leisure
TripAdvisor
Media Network Egencia
Corporate &
Eliminations Total
(In thousands)
Third-party revenue .................... $2,626,814 $200,578 $109,621 $ — $ 2,937,013
Intersegment revenue ................... — 97,668 — (97,668) —
Revenue ............................. $2,626,814 $298,246 $109,621 $ (97,668) $ 2,937,013
Operating Income Before Amortization .... $ 844,546 $150,036 $ 4,763 $ (301,571) $ 697,774
Amortization of intangible assets .......... — — — (69,436) (69,436)
Impairment of goodwill ................. — — — (2,762,100) (2,762,100)
Impairment of intangible and other
long-lived assets ..................... — — — (233,900) (233,900)
Stock-based compensation ............... — — — (61,291) (61,291)
Operating income (loss) ................. $ 844,546 $150,036 $ 4,763 $(3,428,298) (2,428,953)
Other expense, net ..................... (85,751)
Loss before income taxes ................ (2,514,704)
Provision for income taxes ............... (5,966)
Net loss .............................. (2,520,670)
Net loss attributable to noncontrolling
interests ........................... 2,907
Net loss attributable to Expedia, Inc. ..... $(2,517,763)
Year ended December 31, 2007
Leisure
TripAdvisor
Media Network Egencia
Corporate &
Eliminations Total
(In thousands)
Third-party revenue .................... $2,448,851 $125,211 $ 91,270 $ — $ 2,665,332
Intersegment revenue ................... — 77,180 — (77,180) —
Revenue ............................. $2,448,851 $202,391 $ 91,270 $ (77,180) $ 2,665,332
Operating Income Before Amortization .... $ 842,302 $103,939 $ 2,732 $ (279,486) $ 669,487
Amortization of intangible assets .......... — — — (77,569) (77,569)
Stock-based compensation ............... — — — (62,849) (62,849)
Operating income (loss) ................. $ 842,302 $103,939 $ 2,732 $ (419,904) 529,069
Other expense, net ..................... (32,085)
Income before income taxes .............. 496,984
Provision for income taxes ............... (203,114)
Net income ........................... 293,870
Net loss attributable to noncontrolling
interests ........................... 1,994
Net income attributable to
Expedia, Inc. ....................... $ 295,864
F-37