Expedia 2010 Annual Report Download - page 107

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Year ended December 31, 2009
Leisure
TripAdvisor
Media Network Egencia
Corporate &
Eliminations Total
(In thousands)
Third-party revenue ..................... $2,634,766 $212,375 $108,285 $ — $ 2,955,426
Intersegment revenue .................... — 139,714 — (139,714) —
Revenue .............................. $2,634,766 $352,089 $108,285 $ (139,714) $ 2,955,426
Operating Income Before Amortization ..... $ 845,917 $195,933 $ 1,350 $ (281,668) $ 761,532
Amortization of intangible assets ........... — — — (37,681) (37,681)
Occupancy tax assessments and legal
reserves ............................. — — — (67,658) (67,658)
Restructuring charges .................... — — — (34,168) (34,168)
Stock-based compensation ................ — — — (61,661) (61,661)
Realized loss on revenue hedges ........... 11,050 — — — 11,050
Operating income (loss) .................. $ 856,967 $195,933 $ 1,350 $ (482,836) 571,414
Other expense, net ...................... (113,391)
Income before income taxes ............... 458,023
Provision for income taxes ................ (154,400)
Net income ............................ 303,623
Net income attributable to noncontrolling
interests ............................ (4,097)
Net income attributable to Expedia, Inc. .... $ 299,526
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)
We revised prior year OIBA by segment to conform to our current year presentation. There was no impact
on consolidated OIBA as a result of these changes.
F-36