Expedia 2012 Annual Report Download - page 116
Download and view the complete annual report
Please find page 116 of the 2012 Expedia annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106 -
107 -
108 -
109 -
110 -
111 -
112 -
113 -
114 -
115 -
116 -
117 -
118 -
119 -
120 -
121 -
122 -
123 -
124 -
125 -
126 -
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
 |
 |
Accumulated Other Comprehensive Income (Loss)
Accumulated other comprehensive income (loss), net of tax for 2012 and 2011 is primarily comprised of
accumulated foreign currency translation adjustments.
Other Comprehensive Income (Loss)
The following table presents the changes in the components of other comprehensive income (loss), net of tax:
For the Year Ended December 31,
2012 2011 2010
(In thousands)
Net income $280,440 $474,603 $425,560
Other comprehensive income (loss)
Currency translation adjustments and other 17,564 (1,161) (11,996)
Unrealized gains (losses) on available for sale
securities, net of taxes (1) 1,098 (79) 329
Comprehensive income 299,102 473,363 413,893
Less: Comprehensive income attributable to
noncontrolling interests (1,559) (9,616) (4,575)
Comprehensive income attributable to Expedia, Inc. $297,543 $463,747 $409,318
(1) Net gains (losses) recognized and reclassified during 2012,2011 and 2010 were immaterial.
Noncontrolling Interests
In the second quarter of 2011, we acquired newly issued shares of eLong for $41 million and, at the same time,
Tencent Holdings Limited also acquired approximately 16% of the outstanding shares of eLong for $84 million. In
the fourth quarter of 2011, we acquired additional shares of eLong from external third parties for $93 million.
In 2011, including the eLong transactions discussed above, we acquired additional net interests in certain
majority owned subsidiaries for $22 million in cash. In 2010, we acquired additional interests in certain majority
owned subsidiaries, including eLong, for $78 million in cash.
Amounts paid in excess of the respective noncontrolling interests were recorded to additional paid-in
capital. The following table shows the effects of the changes in noncontrolling interest on our equity for the
respective periods, in thousands:
2012 2011 2010
Net income attributable to Expedia, Inc. $280,171 $472,294 $421,500
Transfers (to) from the noncontrolling interest
due to:
Net increase in Expedia, Inc.’s paid-in capital for
newly issued eLong shares (1) 2,077 25,957 —
Net decrease in Expedia, Inc.’s paid-in capital
for purchase of outstanding shares of eLong — (59,070) (19,161)
Net transfers from noncontrolling interest 2,077 (33,113) (19,161)
Change from net income attributable to Expedia, Inc.
and transfers from noncontrolling interest $282,248 $439,181 $402,339
(1) Primarily due to our acquisition of 5.4 million newly issued shares of eLong and, at the same time, Tencent
Holdings Limited acquisition of 11.1 million newly issued shares of eLong in the second quarter of 2011.
F-34