Expedia 2015 Annual Report Download - page 125

Download and view the complete annual report

Please find page 125 of the 2015 Expedia annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 147

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147

Preferred Stock
As of December 31, 2015 and 2014, we have no preferred stock outstanding.
Share Repurchases
During 2012, 2010, and 2006, our Board of Directors, or the Executive Committee, acting on behalf of the
Board of Directors, authorized a repurchase of up to 20 million outstanding shares of our common stock during
each of the respective years and during 2015 authorized a repurchase of up to 10 million shares of our common
stock for a total of 70 million shares. Shares repurchased under the authorized programs were as follows:
Year ended December 31,
2015 2014 2013
Number of shares repurchased 0.5 million 7.0 million 9.3 million
Average price per share $ 85.27 $ 76.26 $ 55.59
Total cost of repurchases (in millions)(1) $ 45 $ 537 $ 515
(1) Amount excludes transaction costs.
As of December 31, 2015, 11.2 million shares remain authorized for repurchase under the 2012 and 2015
authorizations with no fixed termination date for the repurchases.
Dividends on our Common Stock
In 2015, 2014 and 2013, the Executive Committee, acting on behalf of the Board of Directors, declared and
paid the following dividends:
Declaration Date
Dividend
Per Share Record Date
Total Amount
(in thousands) Payment Date
Year ended December 31,
2015:
February 4, 2015 $0.18 March 10, 2015 $22,895 March 26, 2015
April 29, 2015 0.18 May 28, 2015 23,096 June 18, 2015
July 29, 2015 0.24 August 27, 2015 31,182 September 17, 2015
October 29, 2015 0.24 November 19, 2015 31,354 December 10, 2015
Year ended December 31,
2014:
February 5, 2014 $0.15 March 10, 2014 $19,602 March 27, 2014
April 30, 2014 0.15 May 30, 2014 19,231 June 19, 2014
July 30, 2014 0.18 August 27, 2014 22,944 September 17, 2014
October 27, 2014 0.18 November 20, 2014 22,920 December 11, 2014
Year ended December 31,
2013:
February 5, 2013 $0.13 March 11, 2013 $17,983 March 28, 2013
April 24, 2013 0.13 May 30, 2013 17,638 June 19, 2013
July 24, 2013 0.15 August 28, 2013 20,459 September 18, 2013
October 28, 2013 0.15 November 21, 2013 19,680 December 12, 2013
In addition, in February 2016, the Executive Committee, acting on behalf of the Board of Directors,
declared a quarterly cash dividend of $0.24 per share of outstanding common stock payable on March 30, 2016
to the stockholders of record as of the close of business on March 10, 2016. Future declarations of dividends are
subject to final determination by our Board of Directors.
F-40