Expedia 2015 Annual Report Download - page 141
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CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS
Year Ended December 31, 2013
Parent
Guarantor
Subsidiaries
Non-Guarantor
Subsidiaries Eliminations Consolidated
(In thousands)
Revenue $ — $3,849,746 $ 970,087 $ (48,574) $4,771,259
Costs and expenses:
Cost of revenue — 797,801 235,753 4,480 1,038,034
Selling and marketing — 1,492,370 756,767 (52,992) 2,196,145
Technology and content — 399,763 178,052 5 577,820
General and administrative — 216,551 160,594 (67) 377,078
Amortization of intangible assets — 3,042 68,689 — 71,731
Acquistion-related and other — — 66,472 — 66,472
Legal reserves, occupancy tax and other — 77,919 — — 77,919
Intercompany (income) expense, net — 731,867 (731,867) — —
Operating income — 130,433 235,627 — 366,060
Other income (expense):
Equity in pre-tax earnings of
consolidated subsidiaries 285,456 234,869 — (520,325) —
Other, net (83,006) 7,394 10,245 — (65,367)
Total other income (expense), net 202,450 242,263 10,245 (520,325) (65,367)
Income before income taxes 202,450 372,696 245,872 (520,325) 300,693
Provision for income taxes 30,400 (81,170) (33,565) — (84,335)
Net income 232,850 291,526 212,307 (520,325) 216,358
Net loss attributable to noncontrolling
interests — — 16,492 — 16,492
Net income attributable to Expedia, Inc. $232,850 $ 291,526 $ 228,799 $(520,325) $ 232,850
Comprehensive income attributable to
Expedia, Inc. $232,850 $ 290,857 $ 247,643 $(520,325) $ 251,025
F-56