Expedia 2013 Annual Report Download - page 131

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CONDENSED CONSOLIDATING STATEMENT OF OPERATION
Year Ended December 31, 2011
Parent
Guarantor
Subsidiaries
Non-Guarantor
Subsidiaries Eliminations Consolidated
(In thousands)
Revenue $ $3,041,755 $ 424,018 $ (16,764) $3,449,009
Costs and expenses:
Cost of revenue 648,219 111,868 1,185 761,272
Selling and marketing 1,088,145 404,409 (17,913) 1,474,641
Technology and content 297,859 83,388 (248) 380,999
General and administrative 213,594 95,902 212 309,708
Amortization of intangible assets 4,988 16,937 21,925
Legal reserves, occupancy tax and other 20,855 20,855
Intercompany (income) expense, net 597,105 (597,105)
Operating income 170,990 308,619 479,609
Other income (expense):
Equity in pre-tax earnings of
consolidated subsidiaries 382,403 244,429 (626,832)
Other, net (83,421) 44,288 (38,404) (77,537)
Total other income (expense), net 298,982 288,717 (38,404) (626,832) (77,537)
Income before income taxes 298,982 459,707 270,215 (626,832) 402,072
Provision for income taxes 25,050 (73,165) (27,616) (75,731)
Income from continuing operations 324,032 386,542 242,599 (626,832) 326,341
Discontinued operations, net of taxes 148,262 140,200 32,464 (172,664) 148,262
Net income 472,294 526,742 275,063 (799,496) 474,603
Net income attributable to noncontrolling
interests (2,309) — (2,309)
Net income attributable to Expedia, Inc. $472,294 $ 526,742 $ 272,754 $(799,496) $ 472,294
Comprehensive income attributable to
Expedia, Inc. $472,294 $ 522,778 $ 268,171 $(799,496) $ 463,747
F-49