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ORBITZ WORLDWIDE, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
89
Related Party Transactions with Other Affiliates of Blackstone
In the course of conducting business, we have entered into various agreements with other affiliates of Blackstone. For
example, we have agreements with certain hotel management companies that are affiliates of Blackstone and that provide us
with access to their inventory. We also purchase services from certain Blackstone affiliates such as telecommunications and
advertising. In addition, various Blackstone affiliates utilize our partner marketing programs and corporate travel services. We
believe that these agreements have been executed on terms comparable to those available from unrelated third parties.
The following table summarizes the related party balances with other affiliates of Blackstone, reflected in our
consolidated balance sheets:
December 31, 2011 December 31, 2010
(in thousands)
Accounts receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 374 $ 235
Accounts payable (a). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,647 6,288
Accrued expenses (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 1,965
Accrued merchant payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,022 14,135
Other current liabilities (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 229
Other non-current liabilities (a). . . . . . . . . . . . . . . . . . . . . . . . . — 514
(a) The balances at December 31, 2010 include amounts related to our agreements with TCV and Intelenet Global
Services (“Intelenet”). As of the end of the third quarter of 2011, Intelenet was no longer a related party, and as of
the end of the second quarter of 2011, TCV was no longer a related party, both as a result of divestitures.
The following table summarizes the related party transactions with other affiliates of Blackstone for the years ended
December 31, 2011, 2010 and 2009, reflected in our consolidated statements of operations:
Years Ended December 31,
2011 2010 2009
(in thousands)
Net revenue (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 23,966 $ 22,098 $ 16,793
Cost of revenue (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . 15,144 30,166 26,429
Selling, general and administrative expense (a) . . . . . 2,354 2,913 3,136
Marketing expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . 70 54 ¯
(a) These amounts include expenses related to our Intelenet agreements through June 30, 2011 and our TCV
agreements through September 30, 2011.