Expedia 2010 Annual Report Download - page 13

intellectual property rights, protect our trade secrets or to determine the validity and scope of proprietary rights
claimed by others. Any such litigation, regardless of outcome or merit, could result in substantial costs and
diversion of management and technical resources, any of which could materially harm our business.
Regulation
We must comply with laws and regulations relating to the travel industry and the provision of travel
services, including registration in various states as “sellers of travel” and compliance with certain disclosure
requirements and participation in state restitution funds. In addition, our businesses are subject to regulation by
the U.S. Department of Transportation and must comply with various rules and regulations governing the
provision of air transportation, including those relating to advertising and accessibility.
As we continue to expand the reach of our brands into the European, Asia-Pacific and other international
markets, we are increasingly subject to laws and regulations applicable to travel agents in those markets,
including, in some countries, laws regulating the provision of travel packages and industry specific value-added
tax regimes. For example, the European Economic Community Council Directive on Package Travel Package
Holidays and Package Tours imposes various obligations upon marketers of travel packages, such as disclosure
obligations to consumers and liability to consumers for improper performance of the package, including supplier
failure.
Financial Information about Segments and Geographic Areas
We generate our revenue through a diverse customer base, and there is no reliance on a single customer or
small group of customers; no customer represented 10% or more of our total revenue in the periods presented in
this Annual Report on Form 10-K.
We have three reportable segments: Leisure, the TripAdvisor Media Network and Egencia. The segment
and geographic information required herein is contained in Note 17 — Segment Information, in the notes to our
consolidated financial statements
Additional Information
Company Website and Public Filings. We maintain a corporate website at www.expediainc.com. Except
as explicitly noted, the information on our website, as well as the websites of our various brands and businesses,
is not incorporated by reference in this Annual Report on Form 10-K, or in any other filings with, or in any
information furnished or submitted to, the SEC.
We make available, free of charge through our website, our Annual Reports on Form 10-K, Quarterly
Reports on Form 10-Q and Current Reports on Form 8-K, and amendments to those reports, filed or furnished
pursuant to Sections 13(a) or Section 15(d) of the Securities Exchange Act of 1934, as amended, as soon as
reasonably practicable after they have been electronically filed with, or furnished to, the SEC.
Code of Ethics. We post our code of business conduct and ethics, which applies to all employees,
including all executive officers, senior financial officers and directors, on our corporate website at
www.expediainc.com. Our code of business conduct and ethics complies with Item 406 of SEC Regulation S-K
and the rules of NASDAQ. We intend to disclose any changes to the code that affect the provisions required by
Item 406 of Regulation S-K, and any waivers of the code of ethics for our executive officers, senior financial
officers or directors, on our corporate website.
Employees
As of December 31, 2010, we employed approximately 8,900 full-time and part-time employees, including
approximately 1,860 employees of eLong. We believe we have good relationships with our employees, including
relationships with employees represented by works councils or other similar organizations.
10