Expedia 2014 Annual Report Download - page 129

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CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS
Year Ended December 31, 2014
Parent
Guarantor
Subsidiaries
Non-Guarantor
Subsidiaries Eliminations Consolidated
(In thousands)
Revenue $ — $4,500,723 $1,389,979 $(127,217) $5,763,485
Costs and expenses:
Cost of revenue — 898,647 274,788 5,646 1,179,081
Selling and marketing — 1,913,719 1,027,798 (133,188) 2,808,329
Technology and content — 472,762 213,159 233 686,154
General and administrative — 243,793 181,228 352 425,373
Amortization of intangible assets — 1,848 77,767 — 79,615
Legal reserves, occupancy tax and other — 41,539 — — 41,539
Restructuring and related
reorganization charges — 5,020 20,610 — 25,630
Intercompany (income) expense, net — 666,675 (666,415) (260) —
Operating income — 256,720 261,044 — 517,764
Other income (expense):
Equity in pre-tax earnings of
consolidated subsidiaries 455,831 282,769 — (738,600) —
Other, net (91,569) 34,223 4,223 — (53,123)
Total other income (expense), net 364,262 316,992 4,223 (738,600) (53,123)
Income before income taxes 364,262 573,712 265,267 (738,600) 464,641
Provision for income taxes 33,835 (110,929) (14,597) — (91,691)
Net income 398,097 462,783 250,670 (738,600) 372,950
Net loss attributable to noncontrolling
interests — — 25,147 — 25,147
Net income attributable to Expedia, Inc. $398,097 $ 462,783 $ 275,817 $(738,600) $ 398,097
Comprehensive income attributable to
Expedia, Inc. $398,097 $ 463,075 $ 118,554 $(738,600) $ 241,126
F-47