XML 15 R2.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Income Statement [Abstract]        
Revenue $ 2,580,905 $ 1,937,753 $ 6,680,735 $ 4,973,750
Costs and expenses:        
Cost of revenue [1] 416,907 328,066 1,225,857 971,066
Selling and marketing [1] 1,204,521 943,289 3,398,862 2,592,150
Technology and content [1] 301,446 202,703 910,921 579,674
General and administrative [1] 165,829 130,168 504,395 387,959
Amortization of intangible assets 77,080 31,400 251,260 83,322
Legal reserves, occupancy tax and other 22,332 (114,550) 28,650 (106,511)
Restructuring and related reorganization charges [1] 6,638 71,679 46,274 82,001
Operating income 386,152 344,998 314,516 384,089
Other income (expense):        
Interest income 5,827 4,165 14,349 14,403
Interest expense (43,374) (33,259) (130,273) (89,768)
Gain on sale of business 0 0 0 508,810
Other, net (9,050) 26,283 (37,118) 114,361
Total other income (expense), net (46,597) (2,811) (153,042) 547,806
Income before income taxes 339,555 342,187 161,474 931,895
Provision for income taxes (60,627) (65,950) 14,929 (196,261)
Net income 278,928 276,237 176,403 735,634
Net loss attributable to noncontrolling interests 403 6,979 25,988 41,369
Net income attributable to Expedia, Inc. $ 279,331 $ 283,216 $ 202,391 $ 777,003
Earnings per share attributable to Expedia, Inc. available to common stockholders:        
Basic (in dollars per share) $ 1.86 $ 2.18 $ 1.35 $ 6.03
Diluted (in dollars per share) $ 1.81 $ 2.12 $ 1.31 $ 5.86
Shares used in computing earnings per share:        
Basic (in shares) 150,239 129,989 150,281 128,822
Diluted (in shares) 154,236 133,417 154,332 132,602
Dividends declared per common share (in dollars per share) $ 0.26 $ 0.24 $ 0.74 $ 0.6
[1] Includes stock-based compensation as follows: Cost of revenue $3,476 thousand, $1,112 thousand, $8,768 thousand, and $3,586 thousand; Selling and marketing $4,876 thousand, $10,558 thousand, $37,372 thousand, and $23,890 thousand; Technology and content $11,556 thousand, $7,062 thousand, $50,997 thousand, and $19,405 thousand; General and administrative $27,308 thousand, $15,694 thousand, $87,775 thousand, and $57,925 thousand; Restructuring and related reorganization charges $1,047 thousand, $29,230 thousand, $12,690 thousand, and