Expedia 2010 Annual Report Download - page 112
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CONDENSED CONSOLIDATING STATEMENT OF OPERATION
Year Ended December 31, 2008
Parent
Guarantor
Subsidiaries
Non-Guarantor
Subsidiaries Eliminations Consolidated
(In thousands)
Revenue ............................ $ — $2,618,064 $ 338,342 $ (19,393) $ 2,937,013
Costs and expenses:
Cost of revenue .................... — 534,330 108,928 (4,549) 638,709
Selling and marketing ............... — 678,735 441,365 (14,763) 1,105,337
Technology and content .............. — 234,444 53,103 216 287,763
General and administrative ........... — 174,945 94,073 (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
Intercompany (income) expense, net .... — 397,366 (397,366) —
Operating loss ....................... — (2,245,897) (183,056) — (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) (18,204) (16,899) — (85,751)
Total other expense, net ................ (2,540,972) (157,143) (16,899) 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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