Orbitz 2010 Annual Report Download - page 35

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Issuer Purchases of Equity Securities
The following table sets forth repurchases of our common stock during the fourth quarter of 2009:
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, 2009 to October 31, 2009 . .... — — — —
November 1, 2009 to November 30, 2009. . 324 $6.08 — —
December 1, 2009 to December 31, 2009 . . — — — —
Total.......................... 324 $6.08 — —
(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 2009, we did not have a publicly announced plan or program for the repur-
chase of our common stock.
Item 6. Selected Financial Data.
The selected financial data presented in the table below is derived from our audited consolidated financial
statements. This data should be read in conjunction with Item 7, “Management’s Discussion and Analysis of
Financial Condition and Results of Operations,” and our consolidated financial statements and notes thereto
included in Item 8 of this Annual Report on Form 10-K.
Prior to the completion of the initial public offering (“IPO”) of shares of our common stock in July 2007,
we had not operated as an independent standalone 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.
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, standalone company without the
shared resources of Cendant in the Predecessor periods and Travelport in the Successor periods. In addition,
Cendant acquired ebookers in February 2005. As a result, our consolidated financial statements for the year
ended December 31, 2005 include the financial condition, results of operations and cash flows of ebookers
since February 2005.
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