Quarterly Financial Information

12 Months Ended

Dec. 31, 2011

Quarterly Financial Information [Abstract]

NOTE 20 — Quarterly Financial Information (Unaudited)


	Three Months Ended
	December 31		September 30		June 30		March 31
	(In thousands, except per share data)
Year ended December 31, 2011
Revenue	$	787,133	$	1,020,450	$	913,591	$	727,835
Operating income		91,645		209,099		143,707		35,158
Net income from continuing operations		60,465		171,840		88,133		5,903
Discontinued operations, net of taxes		10,633		38,566		52,757		46,306
Net income attributable to Expedia, Inc.		70,328		209,534		140,393		52,039

Earnings per share from continuing operations attributable to Expedia, Inc. available to common stockholders:
Basic earnings per share ⁽¹⁾	$	0.45	$	1.26	$	0.64	$	0.04
Diluted earnings per share⁽¹⁾		0.44		1.22		0.63		0.04

Earnings per share attributable to Expedia, Inc. available to common stockholders:
Basic earnings per share ⁽¹⁾	$	0.53	$	1.54	$	1.03	$	0.38
Diluted earnings per share ⁽¹⁾		0.51		1.50		1.01		0.37

Year ended December 31, 2010
Revenue	$	737,591	$	898,099	$	751,537	$	646,418
Operating income		112,935		209,154		126,536		52,162
Net income from continuing operations		63,585		136,670		78,331		26,911
Discontinued operations, net of taxes		7,999		41,354		37,022		33,688
Net income attributable to Expedia, Inc.		71,293		176,550		114,262		59,395

Earnings per share from continuing operations attributable to Expedia, Inc. available to common stockholders:
Basic earnings per share ⁽¹⁾	$	0.46	$	0.96	$	0.54	$	0.18
Diluted earnings per share ⁽¹⁾		0.45		0.94		0.53		0.17

Earnings per share attributable to Expedia, Inc. available to common stockholders:
Basic earnings per share ⁽¹⁾	$	0.52	$	1.26	$	0.80	$	0.41
Diluted earnings per share ⁽¹⁾		0.50		1.23		0.79		0.40

(1)

The per share information attributable to Expedia, Inc. common shareholders reflects the one-for-two reverse stock split in connection with the spin-off. In addition, earnings per share is computed independently for each of the quarters presented. Therefore, the sum of the quarterly earnings per share may not equal the total computed for the year.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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