Expedia 2011 Annual Report Download - page 119

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CONDENSED CONSOLIDATING STATEMENT OF OPERATION
Year Ended December 31, 2009
Parent
Guarantor
Subsidiaries
Non-Guarantor
Subsidiaries Eliminations Consolidated
(In thousands)
Revenue $ — $2,375,142 $ 378,034 $ (10,125) $2,743,051
Costs and expenses:
Cost of revenue — 495,029 111,910 (4,257) 602,682
Selling and marketing — 730,272 336,606 (5,781) 1,061,097
Technology and content — 231,775 50,797 62 282,634
General and administrative — 195,741 77,261 (149) 272,853
Amortization of intangible assets — 6,596 17,279 — 23,875
Legal reserves, occupancy tax and other — 67,999 — — 67,999
Restructuring charges — 8,761 25,407 — 34,168
Intercompany (income) expense, net — 232,828 (232,828) — —
Operating income — 406,141 (8,398) — 397,743
Other income (expense):
Equity in pre-tax earnings of
consolidated subsidiaries 240,115 (21,017) — (219,098) —
Other, net (37,999) (38,646) (1,322) — (77,967)
Total other income (expense), net 202,116 (59,663) (1,322) (219,098) (77,967)
Income (loss) before income taxes 202,116 346,478 (9,720) (219,098) 319,776
Provision for income taxes 12,061 (103,205) (10,358) — (101,502)
Income (loss) from continuing operations 214,177 243,273 (20,078) (219,098) 218,274
Discontinued operations, net of taxes 85,349 107,671 42,733 (150,404) 85,349
Net income 299,526 350,944 22,655 (369,502) 303,623
Net income attributable to noncontrolling
interests — — (4,097) — (4,097)
Net income attributable to Expedia, Inc. $299,526 $ 350,944 $ 18,558 $(369,502) $ 299,526
F-44