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EXPEDIA, INC.
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY AND COMPREHENSIVE INCOME (LOSS)
(in thousands, except per share data)
Common stock
Class B
common stock Additional
paid-in
capital
Treasury stock Retained
earnings
Accumulated
other
comprehensive
income (loss)
Noncontrolling
Interest TotalShares Amount Shares Amount Shares Amount
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 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
Net income (excludes $2,965 of net income attributable to redeemable
noncontrolling interest) ...................................... 421,500 1,095 422,595
Components of comprehensive income:
Currency translation adjustment ............................... (12,511) 515 (11,996)
Unrealized gain on securities available for sale ................... 329 329
Proceeds from exercise of equity instruments ...................... 5,604,175 5 48,810 48,815
Tax benefits on equity awards .................................. 118,103 118,103
Treasury stock activity related to vesting of equity instruments ........ 570,480 (12,739) (12,739)
Common stock repurchases .................................... 20,616,202 (489,254) (489,254)
Cash dividends paid .......................................... (79,076) (79,076)
Adjustment to the fair value of redeemable noncontrolling interests ..... (41,382) (41,382)
Changes in ownership of noncontrolling interests ................... (19,161) (4,496) (23,657)
Stock-based compensation expense .............................. 56,427 56,427
Other ...................................................... (1,188) (1,188)
Balance as of December 31, 2010 ............................... 348,416,175 $348 25,599,998 $26 $6,116,697 100,069,450 $(2,241,191) $(1,194,533) $ (8,803) $64,159 $ 2,736,703
We had 751 shares of preferred stock outstanding as of December 31, 2010 and 2009.
See notes to consolidated financial statements.
F-5