Acquisitions and Other Investments (Tables)

9 Months Ended

Sep. 30, 2016

The following summarizes the allocation of the final purchase price for Orbitz, in thousands:



Cash consideration for shares	$	1,362,362
Repayment of Orbitz debt	432,231
Replacement restricted stock units attributable to pre-acquisition service	16,717
Other consideration	2,214
Total purchase consideration	$	1,813,524



Cash	$	194,515
Accounts receivable, net⁽¹⁾	150,187
Other current assets	33,727
Long-term assets	114,800
Intangible assets with definite lives⁽²⁾	515,003
Intangible assets with indefinite lives⁽³⁾	166,800
Goodwill	1,454,335
Current liabilities	(636,169		)
Other long-term liabilities	(54,599		)
Deferred tax liabilities, net	(125,075		)
Total	$	1,813,524


(1)	Gross accounts receivable was $157 million, of which $7 million was estimated to be uncollectible.


(2)	Acquired definite-lived intangible assets primarily consist of customer relationship assets, developed technology assets and partner relationship assets with estimated useful lives ranging from less than one to ten years with a weighted average life of 6.03 years.


(3)	Acquired indefinite-lived intangible assets primarily consist of trade names and trademarks.

The following summarizes the allocation of the purchase price for other acquisitions during the nine months ended September 30, 2015, including Travelocity and a controlling interest in our former 50/50 joint venture with AirAsia Berhad, in thousands:



Goodwill	$	196,431
Intangible assets with indefinite lives	163,400
Intangible assets with definite lives⁽¹⁾	146,126
Net assets and non-controlling interests acquired⁽²⁾	(23,366		)
Deferred tax liabilities, net	(7,910		)
Total⁽³⁾	$	474,681


(1)	Acquired definite-lived intangible assets primarily consist of customer relationship, reacquired right and supplier relationship assets and have estimated useful lives of between four and ten years with a weighted average life of 5.8 years.


(2)	Includes cash acquired of $41 million.


(3)	The total purchase price includes noncash consideration of $99 million related to an equity method investment, which was consolidated upon our acquisition of a controlling interest, with the remainder paid in cash during the period.

Pro Forma Information

Supplemental information on an unaudited pro forma basis, as if the Orbitz acquisition had been consummated on January 1, 2015, is presented as follows, in thousands:



	Nine months ended September 30, 2015
Revenue	$	5,643,060
Net income attributable to Expedia, Inc.	848,342