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Part II. Item 6. Selected Financial Data
We have derived the following selected financial data presented below from the consolidated financial
statements and related notes. The information set forth below is not necessarily indicative of future results and
should be read in conjunction with the consolidated financial statements and related notes and Part II, Item 7,
Management’s Discussion and Analysis of Financial Condition and Results of Operations.
SELECTED FINANCIAL DATA
Year Ended December 31,
2015 2014 2013 2012(1) 2011(1)
(in thousands, except per share data)
Consolidated Statements of Operations Data:
Revenue $ 6,672,317 $ 5,763,485 $ 4,771,259 $4,030,347 $3,449,009
Operating income 413,566 517,764 366,060 431,724 479,609
Net income from continuing operations(2) 722,748 372,950 216,358 302,979 326,341
Discontinued operations, net of taxes — — — (22,539) 148,262
Net income attributable to Expedia, Inc.(2) 764,465 398,097 232,850 280,171 472,294
Earnings per share from continuing
operations attributable to Expedia, Inc.
available to common stockholders:
Basic $ 5.87 $ 3.09 $ 1.73 $ 2.26 $ 2.39
Diluted 5.70 2.99 1.67 2.16 2.34
Earnings per share attributable to Expedia,
Inc. available to common stockholders:
Basic $ 5.87 $ 3.09 $ 1.73 $ 2.09 $ 3.48
Diluted 5.70 2.99 1.67 2.00 3.41
Shares used in computing earnings per
share:
Basic 130,159 128,912 134,912 134,203 135,888
Diluted 134,018 133,168 139,593 139,929 138,702
Dividends declared per common share $ 0.84 $ 0.66 $ 0.56 $ 0.96 $ 0.56
December 31,
2015 2014 2013 2012 2011
Consolidated Balance Sheet Data:
Working deficit $ (2,947,256) $(1,262,126) $(1,075,094) $ (367,809) $ (278,928)
Total assets 15,503,812 9,020,538 7,739,481 7,132,746 6,505,258
Long-term debt 3,201,277 1,746,787 1,249,412 1,249,345 1,249,281
Non-redeemable noncontrolling interest 65,373 109,462 113,521 109,129 105,303
Total stockholders’ equity 4,929,767 1,893,729 2,258,985 2,389,388 2,305,167
(1) On December 20, 2011, we completed the spin-off of TripAdvisor. Immediately prior to the spin-off, we
effected a one-for-two reverse stock split. In order to complete the spin-off, we were required to redeem the
$400 million principal of our 8.5% senior notes due 2016 (“8.5% Notes”), which were legally extinguished
in the first quarter of 2012. Accordingly, the results of operations and financial condition of TripAdvisor,
and related debt extinguishment losses have been presented in discontinued operations for all periods
presented. Further, all Expedia common stock information and related per share prices have been adjusted to
reflect the reverse stock split.
(2) On May 22, 2015, we completed the sale of our 62.4% ownership stake in eLong, Inc. We recognized an
after tax gain of $395 million (or $509 million pre-tax gain) during 2015.
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