Expedia 2015 Annual Report Download - page 90

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EXPEDIA, INC.
CONSOLIDATED BALANCE SHEETS
December 31,
2015 2014
(In thousands, except per share data)
ASSETS
Current assets:
Cash and cash equivalents $ 1,676,299 $ 1,402,700
Restricted cash and cash equivalents 11,324 34,888
Short-term investments 33,739 355,780
Accounts receivable, net of allowance of $27,035 and $13,760 1,082,406 778,334
Deferred income taxes — 169,269
Income taxes receivable 13,805 17,161
Prepaid expenses and other current assets 161,188 166,357
Total current assets 2,978,761 2,924,489
Property and equipment, net 1,064,259 553,126
Long-term investments and other assets 658,439 286,882
Deferred income taxes 15,458 10,053
Intangible assets, net 2,793,954 1,290,087
Goodwill 7,992,941 3,955,901
TOTAL ASSETS $15,503,812 $ 9,020,538
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable, merchant $ 1,329,870 $ 1,188,483
Accounts payable, other 485,557 361,382
Deferred merchant bookings 2,337,037 1,761,258
Deferred revenue 235,809 62,206
Income taxes payable 68,019 59,661
Accrued expenses and other current liabilities 1,469,725 753,625
Total current liabilities 5,926,017 4,186,615
Long-term debt 3,201,277 1,746,787
Deferred income taxes 473,841 452,958
Other long-term liabilities 314,432 180,376
Commitments and contingencies
Redeemable noncontrolling interests 658,478 560,073
Stockholders’ equity:
Common stock $.0001 par value 22 20
Authorized shares: 1,600,000
Shares issued: 220,383 and 196,802
Shares outstanding: 137,459 and 114,267
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 8,696,508 5,921,140
Treasury stock — Common stock, at cost (4,054,909) (3,998,120)
Shares: 82,924 and 82,535
Retained earnings 507,666 —
Accumulated other comprehensive income (loss) (284,894) (138,774)
Total Expedia, Inc. stockholders’ equity 4,864,394 1,784,267
Non-redeemable noncontrolling interest 65,373 109,462
Total stockholders’ equity 4,929,767 1,893,729
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $15,503,812 $ 9,020,538
See notes to consolidated financial statements.
F-5