Expedia 2013 Annual Report Download - page 130
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CONDENSED CONSOLIDATING STATEMENT OF OPERATION
Year Ended December 31, 2012
Parent
Guarantor
Subsidiaries
Non-Guarantor
Subsidiaries Eliminations Consolidated
(In thousands)
Revenue $ — $3,490,462 $ 546,204 $ (6,319) $4,030,347
Costs and expenses:
Cost of revenue — 719,121 178,010 1,473 898,604
Selling and marketing — 1,271,163 458,565 (8,691) 1,721,037
Technology and content — 355,567 129,860 (529) 484,898
General and administrative — 220,360 123,566 1,428 345,354
Amortization of intangible assets — 6,444 25,261 — 31,705
Legal reserves, occupancy tax and other — 117,025 — — 117,025
Intercompany (income) expense, net — 692,325 (692,325) — —
Operating income — 108,457 323,267 — 431,724
Other income (expense):
Equity in pre-tax earnings of
consolidated subsidiaries 356,110 336,173 — (692,283) —
Other, net (83,306) (25,079) 26,718 — (81,667)
Total other income (expense), net 272,804 311,094 26,718 (692,283) (81,667)
Income before income taxes 272,804 419,551 349,985 (692,283) 350,057
Provision for income taxes 29,906 (60,245) (16,739) — (47,078)
Income from continuing operations 302,710 359,306 333,246 (692,283) 302,979
Discontinued operations, net of taxes (22,539) — — — (22,539)
Net income 280,171 359,306 333,246 (692,283) 280,440
Net income attributable to noncontrolling
interests — — (269) — (269)
Net income attributable to Expedia, Inc. $280,171 $ 359,306 $ 332,977 $(692,283) $ 280,171
Comprehensive income attributable to
Expedia, Inc. $280,171 $ 359,921 $ 349,734 $(692,283) $ 297,543
F-48