Expedia 2009 Annual Report Download - page 114
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Expedia, Inc.
Notes to Consolidated Financial Statements — (Continued)
CONDENSED CONSOLIDATING STATEMENT OF INCOME
Year Ended December 31, 2008
Parent
Guarantor
Subsidiaries
Non-Guarantor
Subsidiaries Eliminations Consolidated
(In thousands)
Revenue ........................... $ — $2,618,064 $ 740,027 $ (421,078) $ 2,937,013
Costs and expenses:
Cost of revenue ................... — 534,330 108,928 (4,549) 638,709
Selling and marketing .............. — 1,080,596 441,189 (416,448) 1,105,337
Technology and content ............. — 234,444 53,103 216 287,763
General and administrative .......... — 174,935 94,083 (297) 268,721
Amortization of intangible assets ..... — 52,928 16,508 — 69,436
Impairment of goodwill ............. — 2,592,672 169,428 — 2,762,100
Impairment of intangible and other
long-lived assets ................. — 198,541 35,359 — 233,900
Operating loss ...................... — (2,250,382) (178,571) — (2,428,953)
Other income (expense):
Equity in pre-tax earnings of
consolidated subsidiaries .......... (2,490,324) (138,939) — 2,629,263 —
Other, net ........................ (50,648) (13,719) (21,384) — (85,751)
Total other expense, net ............... (2,540,972) (152,658) (21,384) 2,629,263 (85,751)
Loss before income taxes .............. (2,540,972) (2,403,040) (199,955) 2,629,263 (2,514,704)
Provision for income taxes ............ 23,209 (83,849) 54,674 — (5,966)
Net loss ........................... (2,517,763) (2,486,889) (145,281) 2,629,263 (2,520,670)
Net loss attributable to noncontrolling
interests ......................... — — 2,907 — 2,907
Net loss attributable to Expedia, Inc. . . . $(2,517,763) $(2,486,889) $(142,374) $2,629,263 $(2,517,763)
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