Expedia 2014 Annual Report Download - page 87
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EXPEDIA, INC.
CONSOLIDATED BALANCE SHEETS
December 31,
2014 2013
(In thousands, except per share data)
ASSETS
Current assets:
Cash and cash equivalents $ 1,402,700 $ 1,021,033
Restricted cash and cash equivalents 34,888 26,042
Short-term investments 355,780 325,510
Accounts receivable, net of allowance of $13,760 and $11,555 778,334 614,735
Deferred income taxes 169,269 66,130
Income taxes receivable 17,161 64,296
Prepaid expenses and other current assets 166,357 101,541
Total current assets 2,924,489 2,219,287
Property and equipment, net 553,126 480,702
Long-term investments and other assets 286,882 250,626
Deferred income taxes 10,053 14,151
Intangible assets, net 1,290,087 1,111,041
Goodwill 3,955,901 3,663,674
TOTAL ASSETS $ 9,020,538 $ 7,739,481
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable, merchant $ 1,188,483 $ 1,044,259
Accounts payable, other 361,382 261,288
Deferred merchant bookings 1,761,258 1,350,319
Deferred revenue 62,206 39,746
Income taxes payable 59,661 61,874
Accrued expenses and other current liabilities 753,625 536,895
Total current liabilities 4,186,615 3,294,381
Long-term debt 1,746,787 1,249,412
Deferred income taxes 452,958 433,532
Other long-term liabilities 180,376 138,300
Commitments and contingencies
Redeemable noncontrolling interests 560,073 364,871
Stockholders’ equity:
Common stock $.0001 par value 20 19
Authorized shares: 1,600,000
Shares issued: 196,802 and 192,562
Shares outstanding: 114,267 and 116,886
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 5,892,862 5,802,140
Treasury stock — Common stock, at cost (3,998,120) (3,465,675)
Shares: 82,535 and 75,676
Retained earnings (deficit) 28,278 (209,218)
Accumulated other comprehensive income (loss) (138,774) 18,197
Total Expedia, Inc. stockholders’ equity 1,784,267 2,145,464
Non-redeemable noncontrolling interest 109,462 113,521
Total stockholders’ equity 1,893,729 2,258,985
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 9,020,538 $ 7,739,481
See notes to consolidated financial statements.
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