Expedia 2013 Annual Report Download - page 87
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EXPEDIA, INC.
CONSOLIDATED BALANCE SHEETS
December 31,
2013 2012
(In thousands, except per share data)
ASSETS
Current assets:
Cash and cash equivalents $ 1,021,033 $ 1,293,161
Restricted cash and cash equivalents 26,042 21,475
Short-term investments 325,510 644,982
Accounts receivable, net of allowance of $11,555 and $10,771 614,735 461,531
Deferred income taxes 66,130 83,034
Income taxes receivable 64,296 27,764
Prepaid expenses and other current assets 101,541 110,319
Total current assets 2,219,287 2,642,266
Property and equipment, net 480,702 409,373
Long-term investments and other assets 250,626 224,231
Deferred income taxes 14,151 19,787
Intangible assets, net 1,111,041 821,419
Goodwill 3,663,674 3,015,670
TOTAL ASSETS $ 7,739,481 $ 7,132,746
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable, merchant $ 1,044,259 $ 954,071
Accounts payable, other 261,288 283,029
Deferred merchant bookings 1,350,319 1,128,231
Deferred revenue 39,746 26,475
Income taxes payable 61,874 62,025
Accrued expenses and other current liabilities 536,895 556,244
Total current liabilities 3,294,381 3,010,075
Long-term debt 1,249,412 1,249,345
Deferred income taxes 433,532 343,553
Other long-term liabilities 138,300 126,912
Commitments and contingencies
Redeemable noncontrolling interests 364,871 13,473
Stockholders’ equity:
Common stock $.0001 par value 19 19
Authorized shares: 1,600,000
Shares issued: 192,562 and 189,255
Shares outstanding: 116,886 and 122,530
Class B common stock $.0001 par value 1 1
Authorized shares: 400,000
Shares issued and outstanding: 12,800 and 12,800
Additional paid-in capital 5,802,140 5,675,075
Treasury stock — Common stock, at cost (3,465,675) (2,952,790)
Shares: 75,676 and 66,725
Retained earnings (deficit) (209,218) (442,068)
Accumulated other comprehensive income (loss) 18,197 22
Total Expedia, Inc. stockholders’ equity 2,145,464 2,280,259
Noncontrolling interest 113,521 109,129
Total stockholders’ equity 2,258,985 2,389,388
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 7,739,481 $ 7,132,746
See notes to consolidated financial statements.
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