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EXPEDIA, INC.
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY AND COMPREHENSIVE INCOME (LOSS)
Common stock
Class B
common stock Additional
paid-in
capital
Treasury stock Retained
earnings
(deficit)
Accumulated
other
comprehensive
income (loss)
Noncontrolling
Interest TotalShares Amount Shares Amount Shares Amount
Balance as of December 31, 2006 ................................ 328,066,276 $328 25,599,998 $26 $5,903,200 22,165,228 $ (321,155) $ 309,912 $ 8,475 $65,260 $ 5,966,046
Net income .................................................. 295,864 (1,994) 293,870
Components of comprehensive income:
Net gain on derivative contracts ................................ 3,018 3,018
Currency translation adjustment ................................ 12,203 4,565 16,768
Cumulative effect of adoption of guidance surrounding uncertain tax
positions .................................................. (3,572) (3,572)
Settlement of derivative liability ................................. 6,579 6,579
Proceeds from exercise of equity instruments ....................... 8,990,484 9 54,843 54,852
Withholding taxes for stock option exercises ........................ (121,208) (121,208)
Tax deficiencies on equity awards ................................ (459) (459)
Treasury stock activity related to vesting of equity instruments ......... 402,427 (9,389) (9,389)
Changes in ownership of noncontrolling interest ..................... 2,173 2,173
Common stock repurchases ..................................... 55,000,003 (1,388,289) (1,388,289)
Stock-based compensation expense ............................... 60,333 60,333
Other ....................................................... (706) (706)
Balance as of December 31, 2007 ................................ 337,056,760 337 25,599,998 26 5,902,582 77,567,658 (1,718,833) 602,204 23,696 70,004 4,880,016
Net loss (excludes $1,187 of net income attributable to redeemable
noncontrolling interest) ....................................... (2,517,763) (4,094) (2,521,857)
Components of comprehensive loss:
Net loss on derivative contracts ................................ (339) (339)
Currency translation adjustment ................................ (39,359) 3,271 (36,088)
Settlement of derivative liability ................................. 10,500 10,500
Capital contribution from sale of business .......................... 1,624 1,624
Proceeds from exercise of equity instruments ....................... 2,468,708 3 6,330 6,333
Tax deficiencies on equity awards ................................ (1,646) (1,646)
Treasury stock activity related to vesting of equity instruments ......... 583,515 (12,402) (12,402)
Noncontrolling interest share repurchase ........................... (5,451) (5,451)
Changes in ownership of noncontrolling interest ..................... 180 180
Stock-based compensation expense ............................... 60,094 60,094
Balance as of December 31, 2008 ................................ 339,525,468 340 25,599,998 26 5,979,484 78,151,173 (1,731,235) (1,915,559) (16,002) 63,910 2,380,964
Net income (excludes $3,085 of net income attributable to redeemable
noncontrolling interest) ....................................... 299,526 1,012 300,538
Component of comprehensive income:
Currency translation adjustment ................................ 19,381 254 19,635
Proceeds from exercise of equity instruments ....................... 3,286,532 3 15,749 15,752
Tax deficiencies on equity awards ................................ (13,061) (13,061)
Treasury stock activity related to vesting of equity instruments ......... 731,595 (7,963) (7,963)
Adjustment to the fair value of redeemable noncontrolling interest ...... (7,800) (7,800)
Changes in ownership of noncontrolling interest ..................... 1,869 1,869
Stock-based compensation expense ............................... 59,805 59,805
Other ....................................................... (13) (13)
Balance as of December 31, 2009 ................................ 342,812,000 $343 25,599,998 $26 $6,034,164 78,882,768 $(1,739,198) $(1,616,033) $ 3,379 $67,045 $ 2,749,726
We had 751 shares of preferred stock outstanding as of December 31, 2009 and 2008.
See notes to consolidated financial statements.
F-5