Orbitz 2014 Annual Report Download - page 85

Download and view the complete annual report

Please find page 85 of the 2014 Orbitz annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 96

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96

ORBITZ WORLDWIDE, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
85
Merger is not consummated by August 12, 2015 (or as such date may be extended pursuant to the terms of the Merger
Agreement).
19. Quarterly Financial Data (Unaudited)
The following tables present certain unaudited consolidated quarterly financial information.
Three Months Ended
December 31,
2014 September 30,
2014 June 30,
2014 March 31,
2014
(in thousands, except per share data)
Net revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 220,564 $ 253,135 $ 248,053 $ 210,255
Cost and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 198,582 227,510 224,547 199,358
Operating income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21,982 25,625 23,506 10,897
Net income/(loss). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7,296 9,037 6,881 (5,934)
Basic net income/(loss) per share . . . . . . . . . . . . . . . . . . . . . . . $0.07 $0.08 $0.06 $(0.05)
Diluted net income/(loss) per share . . . . . . . . . . . . . . . . . . . . . . $0.06 $0.08 $0.06 $(0.05)
Three Months Ended
December 31,
2013 September 30,
2013 June 30,
2013 March 31,
2013 (a)
(in thousands, except per share data)
Net revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 197,426 $ 220,919 $ 225,798 $ 202,860
Cost and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 182,746 193,450 203,171 205,670
Operating income/(loss). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14,680 27,469 22,627 (2,810)
Net income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,342 12,982 561 146,200
Basic net income per share . . . . . . . . . . . . . . . . . . . . . . . . . . . . $0.05 $0.12 $0.01 $1.38
Diluted net income per share . . . . . . . . . . . . . . . . . . . . . . . . . . . $0.05 $0.11 $0.00 $1.34
(a) During the three months ended March 31, 2013, we reversed $157.5 million in valuation allowance related to
deferred tax assets (see Note 10 - Income Taxes).