Expedia 2011 Annual Report Download - page 114

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Year ended December 31, 2010
Leisure Egencia Corporate Total
(In thousands)
Revenue $2,890,611 $143,034 $ — $3,033,645
Adjusted EBITDA $ 838,560 $ 22,112 $(160,190) $ 700,482
Depreciation (37,524) (7,506) (60,501) (105,531)
Amortization of intangible assets — — (22,514) (22,514)
Stock-based compensation — — (52,507) (52,507)
Legal reserves, occupancy tax and other — — (22,692) (22,692)
Realized loss on revenue hedges 3,549 — — 3,549
Operating income (loss) $ 804,585 $ 14,606 $(318,404) 500,787
Other expense, net (74,948)
Income from continuing operations before
income taxes 425,839
Provision for income taxes (120,342)
Income from continuing operations 305,497
Discontinued operations, net of taxes 120,063
Net income 425,560
Net income attributable to noncontrolling
interests (4,060)
Net income attributable to Expedia, Inc. $ 421,500
Year ended December 31, 2009
Leisure Egencia Corporate Total
(In thousands)
Revenue $2,634,766 $108,285 $ — $2,743,051
Adjusted EBITDA $ 834,246 $ 6,961 $(179,264) $ 661,943
Depreciation (32,686) (6,870) (53,896) (93,452)
Amortization of intangible assets — — (23,875) (23,875)
Stock-based compensation — — (55,756) (55,756)
Legal reserves, occupancy tax and other — — (67,999) (67,999)
Restructuring charges — — (34,168) (34,168)
Realized loss on revenue hedges 11,050 — — 11,050
Operating income (loss) $ 812,610 $ 91 $(414,958) 397,743
Other expense, net (77,967)
Income from continuing operations before
income taxes 319,776
Provision for income taxes (101,502)
Income from continuing operations 218,274
Discontinued operations, net of taxes 85,349
Net income 303,623
Net income attributable to noncontrolling
interests (4,097)
Net income attributable to Expedia, Inc. 299,526
F-39