Orbitz 2008 Annual Report Download - page 42

Issuer Purchases of Equity Securities
The following table sets forth repurchases of our common stock during the fourth quarter of 2007:
Period
Total number of
shares
purchased(a)
Average price
paid per share
Total number of
shares purchased as
part of publicly
announced plans or
programs(b)
Maximum number of
shares that may yet be
purchased under the
plans or programs(b)
October 1, 2007 to October 31, 2007 — — — —
November 1, 2007 to November 31,
2007 972 $ 8.13 — —
December 1, 2007 to December 31,
2007 1,294 $ 9.67 — —
Total 2,266 $ 9.01 — —
(a)
Represents shares of our common stock transferred to us from employees in satisfaction of minimum tax withholding obligations associated with the
vesting of restricted stock during the period. These shares are held by us in treasury.
(b)
During the fourth quarter of 2007, we did not have a publicly announced plan or program for the repurchase of our common stock.
Item 6. Selected Financial Data.
The following table presents selected financial data as of and for each of the five years in the period ended December 31, 2007. The statement of operations
data presented for the year ended December 31, 2007, the periods August 23, 2006 to December 31, 2006 and January 1, 2006 to August 22, 2006, and for each
of the years ended December 31, 2005 and 2004, and the balance sheet data for the years ended December 31, 2007, 2006 and 2005 are derived from our audited
financial statements. The statement of operations data presented for the year ended December 31, 2003 and the balance sheet data for the years ended
December 31, 2004 and 2003 are derived from unaudited financial statements. The unaudited information was prepared on a basis consistent with that used to
prepare our audited financial statements and includes all adjustments, of normal and recurring items, that we consider necessary for a fair presentation of the
financial position and results of operations for the unaudited periods. Our consolidated financial statements include the financial condition, results of operations
and cash flows of HotelClub since April 2004, Orbitz since November 2004 and ebookers since February 2005.
Prior to the IPO, we had not operated as an independent, stand-alone company. As a result, our consolidated financial statements have been carved out of the
historical financial statements of Cendant for the period prior to the Blackstone Acquisition and out of the historical financial statements of Travelport for the
period subsequent to the Blackstone Acquisition. In connection with the Blackstone Acquisition, the carrying values of our assets and liabilities were revised to
reflect their fair values as of August 23, 2006, based upon an allocation of the overall purchase price of Travelport to the underlying net assets of the various
Travelport affiliates acquired. Our selected financial data is presented below on a "Successor" basis (reflecting Travelport's ownership of us) and "Predecessor"
basis (reflecting Cendant's ownership of us) and has been separated by a vertical line to identify these different bases of accounting.
Our historical consolidated financial statements do not reflect what our financial position, results of operations and cash flows would have been had we
operated as a separate, stand-alone company without the shared resources of Cendant in the Predecessor periods and Travelport in the Successor period. The
following selected financial data should be read in conjunction with Item 7, "Management's Discussion and Analysis of Financial Condition and Results of
Operation" as well as the consolidated financial statements and notes thereto included in Item 8 of this Annual Report on Form 10-K/A.
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Source: Orbitz Worldwide, In, 10-K/A, August 28, 2008