Segment Information (Tables)

9 Months Ended

Sep. 30, 2012

The following tables present our segment information for the three and nine months ended September 30, 2012 and 2011. As a significant portion of our property and equipment is not allocated to our operating segments and depreciation is not included in our segment measure, we do not report the assets by segment as it would not be meaningful. We do not regularly provide such information to our chief operating decision makers.


	Three months ended September 30, 2012
	Leisure			Egencia			Corporate			Total
	(In thousands)
Revenue	$	1,121,267		$	77,753		$	—		$	1,199,020
Adjusted EBITDA	$	357,032		$	12,446		$	(75,902	)	$	293,576
Depreciation		(20,323	)		(3,051	)		(20,500	)		(43,874	)
Amortization of intangible assets		—			—			(9,474	)		(9,474	)
Stock-based compensation		—			—			(15,338	)		(15,338	)
Legal reserves, occupancy tax and other		—			—			(2,310	)		(2,310	)
Realized loss on revenue hedges		4,510			—			—			4,510

Operating income (loss)	$	341,219		$	9,395		$	(123,524	)		227,090

Other expense, net											(22,752	)

Income from continuing operations before income taxes											204,338
Provision for income taxes											(36,150	)

Income from continuing operations											168,188
Discontinued operations, net of taxes											1,543

Net income											169,731
Net loss attributable to noncontrolling interests											1,746

Net income attributable to Expedia, Inc.										$	171,477


	Three months ended September 30, 2011
	Leisure			Egencia			Corporate			Total
	(In thousands)
Revenue	$	976,148		$	44,302		$	—		$	1,020,450
Adjusted EBITDA	$	344,417		$	5,117		$	(71,857	)	$	277,677
Depreciation		(15,649	)		(2,187	)		(18,955	)		(36,791	)
Amortization of intangible assets		—			—			(5,564	)		(5,564	)
Stock-based compensation		—			—			(13,023	)		(13,023	)
Legal reserves, occupancy tax and other		—			—			(14,015	)		(14,015	)
Realized loss on revenue hedges		815			—			—			815

Operating income (loss)	$	329,583		$	2,930		$	(123,414	)		209,099

Other expense, net											(6,660	)

Income from continuing operations before income taxes											202,439
Provision for income taxes											(30,599	)

Income from continuing operations											171,840
Discontinued operations, net of taxes											38,566

Net income											210,406
Net income attributable to noncontrolling interests											(872	)

Net income attributable to Expedia, Inc.										$	209,534


	Nine months ended September 30, 2012
	Leisure			Egencia			Corporate			Total
	(In thousands)
Revenue	$	2,849,332		$	206,156		$	—		$	3,055,488
Adjusted EBITDA	$	811,307		$	40,168		$	(233,180	)	$	618,295
Depreciation		(53,580	)		(7,796	)		(55,478	)		(116,854	)
Amortization of intangible assets		—			—			(21,527	)		(21,527	)
Stock-based compensation		—			—			(48,910	)		(48,910	)
Legal reserves, occupancy tax and other		—			—			(5,384	)		(5,384	)
Realized loss on revenue hedges		4,594			—			—			4,594

Operating income (loss)	$	762,321		$	32,372		$	(364,479	)		430,214

Other expense, net											(64,185	)

Income from continuing operations before income taxes											366,029
Provision for income taxes											(70,145	)

Income from continuing operations											295,884
Discontinued operations, net of taxes											(22,346	)

Net income											273,538
Net income attributable to noncontrolling interests											(101	)

Net income attributable to Expedia, Inc.										$	273,437


	Nine months ended September 30, 2011
	Leisure			Egencia			Corporate			Total
	(In thousands)
Revenue	$	2,527,964		$	133,912		$	—		$	2,661,876
Adjusted EBITDA	$	748,270		$	22,410		$	(221,980	)	$	548,700
Depreciation		(41,915	)		(6,355	)		(49,357	)		(97,627	)
Amortization of intangible assets		—			—			(17,312	)		(17,312	)
Stock-based compensation		—			—			(39,334	)		(39,334	)
Legal reserves, occupancy tax and other		—			—			(18,904	)		(18,904	)
Realized loss on revenue hedges		12,441			—			—			12,441

Operating income (loss)	$	718,796		$	16,055		$	(346,887	)		387,964

Other expense, net											(55,471	)

Income from continuing operations before income taxes											332,493
Provision for income taxes											(66,617	)

Income from continuing operations											265,876
Discontinued operations, net of taxes											137,629

Net income											403,505
Net income attributable to noncontrolling interests											(1,539	)

Net income attributable to Expedia, Inc.										$	401,966

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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