Expedia 2015 Annual Report Download - page 139

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CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS
Year Ended December 31, 2015
Parent
Guarantor
Subsidiaries
Non-Guarantor
Subsidiaries(1) Eliminations Consolidated
(In thousands)
Revenue $ — $5,194,549 $1,682,677 $ (204,909) $6,672,317
Costs and expenses:
Cost of revenue — 1,009,785 308,463 (8,689) 1,309,559
Selling and marketing — 2,347,919 1,230,059 (196,892) 3,381,086
Technology and content — 584,560 245,495 189 830,244
General and administrative — 373,162 200,268 483 573,913
Amortization of intangible assets — 58,524 105,141 — 163,665
Legal reserves, occupancy tax and
other — (104,587) — — (104,587)
Restructuring and related
reorganization charges — 76,422 28,449 — 104,871
Intercompany (income) expense, net — 742,010 (742,010) — —
Operating income — 106,754 306,812 — 413,566
Other income (expense):
Equity in pre-tax earnings of
consolidated subsidiaries 839,779 870,108 — (1,709,887) —
Gain on sale of business — — 508,810 — 508,810
Other, net (119,451) 64,576 58,461 — 3,586
Total other income, net 720,328 934,684 567,271 (1,709,887) 512,396
Income before income taxes 720,328 1,041,438 874,083 (1,709,887) 925,962
Provision for income taxes 44,137 (194,251) (53,100) — (203,214)
Net income 764,465 847,187 820,983 (1,709,887) 722,748
Net loss attributable to noncontrolling
interests — — 41,717 — 41,717
Net income attributable to Expedia, Inc. $ 764,465 $ 847,187 $ 862,700 $(1,709,887) $ 764,465
Comprehensive income attributable to
Expedia, Inc. $ 763,202 $ 822,898 $ 742,132 $(1,709,887) $ 618,345
(1) Includes results through our disposal of eLong on May 22, 2015.
F-54