Expedia 2009 Annual Report Download - page 115

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Expedia, Inc.
Notes to Consolidated Financial Statements — (Continued)
CONDENSED CONSOLIDATING STATEMENT OF INCOME
Year Ended December 31, 2007
Parent
Guarantor
Subsidiaries
Non-Guarantor
Subsidiaries Eliminations Consolidated
(In thousands)
Revenue ............................... $ — $2,439,218 $598,594 $(372,480) $2,665,332
Operating expenses:
Cost of revenue ....................... — 474,500 95,449 (4,893) 565,056
Selling and marketing .................. — 998,769 364,213 (367,767) 995,215
Technology and content ................ — 205,721 40,362 (20) 246,063
General and administrative .............. — 173,928 78,232 200 252,360
Amortization of intangible assets ......... — 69,828 7,741 — 77,569
Operating income ....................... — 516,472 12,597 — 529,069
Other income (expense):
Equity in pre-tax earnings of consolidated
subsidiaries ........................ 326,003 8,230 — (334,233) —
Other, net ............................ (44,080) 12,448 (462) 9 (32,085)
Total other income (expense), net ........... 281,923 20,678 (462) (334,224) (32,085)
Income before income taxes ............... 281,923 537,150 12,135 (334,224) 496,984
Provision for income taxes ................ 13,941 (207,877) (9,178) — (203,114)
Net income ............................ 295,864 329,273 2,957 (334,224) 293,870
Net loss attributable to noncontrolling
interests ............................. — — 1,994 — 1,994
Net income attributable to Expedia, Inc. . . . $295,864 $ 329,273 $ 4,951 $(334,224) $ 295,864
F-43