Guarantor and Non-Guarantor Consolidating Condensed Financial Statements (Tables)

6 Months Ended

Jun. 30, 2013

Organization Consolidation And Presentation Of Financial Statements [Abstract]

Consolidating Condensed Statements of Operations

TRAVELPORT LIMITED

CONSOLIDATING CONDENSED STATEMENTS OF OPERATIONS

For the Three Months Ended June 30, 2013

(in $ millions)	Parent Guarantor		Intermediate Parent Guarantor		Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Travelport Consolidated
Net revenue		—		—		—		205		332		—		537
Costs and expenses
Cost of revenue		—		—		—		115		211		—		326
Selling, general and administrative		8		—		12		33		53		—		106
Depreciation and amortization		—		—		—		35		14		—		49
Total costs and expenses		8		—		12		183		278		—		481
Operating (loss) income		(8)		—		(12)		22		54		—		56
Interest expense, net		—		—		(101)		(3)		—		—		(104)
Loss on early extinguishment of debt		—		—		(49)		—		—		—		(49)
Equity in (losses) earnings of subsidiaries		(97)		(143)		18		—		—		222		—
(Loss) income before income taxes and equity in earnings of investment in Orbitz Worldwide		(105)		(143)		(144)		19		54		222		(97)
Benefit (provision) for income taxes		—		—		1		(1)		(6)		—		(6)
Equity in earnings of investment in Orbitz Worldwide		—		—		—		—		—		—		—
Net (loss) income		(105)		(143)		(143)		18		48		222		(103)
Net income attributable to non-controlling interest in subsidiaries		—		—		—		—		(2)		—		(2)
Net (loss) income attributable to the Company		(105)		(143)		(143)		18		46		222		(105)

TRAVELPORT LIMITED

CONSOLIDATING CONDENSED STATEMENTS OF OPERATIONS

For the Three Months Ended June 30, 2012

(in $ millions)	Parent Guarantor		Intermediate Parent Guarantor		Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Travelport Consolidated
Net revenue		—		—		—		207		299		—		506
Costs and expenses
Cost of revenue		—		—		—		129		172		—		301
Selling, general and administrative		5		—		(8)		28		61		—		86
Depreciation and amortization		—		—		—		49		7		—		56
Total costs and expenses		5		—		(8)		206		240		—		443
Operating (loss) income		(5)		—		8		1		59		—		63
Interest expense, net		—		—		(75)		(2)		—		—		(77)
Equity in (losses) earnings of subsidiaries		(15)		(68)		(1)		—		—		84		—
(Loss) income before income taxes and equity in earnings of investment in Orbitz Worldwide		(20)		(68)		(68)		(1)		59		84		(14)
Provision for income taxes		—		(1)		—		—		(7)		—		(8)
Equity in earnings of investment in Orbitz Worldwide		—		2		—		—		—		—		2
Net (loss) income		(20)		(67)		(68)		(1)		52		84		(20)
Net loss attributable to non-controlling interest in subsidiaries		—		—		—		—		—		—		—
Net (loss) income attributable to the Company		(20)		(67)		(68)		(1)		52		84		(20)

TRAVELPORT LIMITED

CONSOLIDATING CONDENSED STATEMENTS OF OPERATIONS

For the Six Months Ended June 30, 2013

(in $ millions)	Parent Guarantor		Intermediate Parent Guarantor		Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Travelport Consolidated
Net revenue		—		—		—		417		668		—		1,085
Costs and expenses
Cost of revenue		—		—		—		253		406		—		659
Selling, general and administrative		16		—		8		55		121		—		200
Depreciation and amortization		—		—		—		74		27		—		101
Total costs and expenses		16		—		8		382		554		—		960
Operating (loss) income		(16)		—		(8)		35		114		—		125
Interest expense, net		—		—		(169)		(5)		—		—		(174)
Loss on early extinguishment of debt		—		—		(49)		—		—		—		(49)
Equity in (losses) earnings of subsidiaries		(99)		(198)		28		—		—		269		—
(Loss) income before income taxes and equity in earnings of investment in Orbitz Worldwide		(115)		(198)		(198)		30		114		269		(98)
Provision for income taxes		—		—		—		(2)		(15)		—		(17)
Equity in earnings of investment in Orbitz Worldwide		—		2		—		—		—		—		2
Net (loss) income		(115)		(196)		(198)		28		99		269		(113)
Net income attributable to non-controlling interest in subsidiaries		—		—		—		—		(2)		—		(2)
Net (loss) income attributable to the Company		(115)		(196)		(198)		28		97		269		(115)

TRAVELPORT LIMITED

CONSOLIDATING CONDENSED STATEMENTS OF OPERATIONS

For the Six Months Ended June 30, 2012

(in $ millions)	Parent Guarantor		Intermediate Parent Guarantor		Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Travelport Consolidated
Net revenue		—		—		—		446		610		—		1,056
Costs and expenses
Cost of revenue		—		—		—		271		352		—		623
Selling, general and administrative		11		—		(3)		59		124		—		191
Depreciation and amortization		—		—		—		90		23		—		113
Total costs and expenses		11		—		(3)		420		499		—		927
Operating (loss) income		(11)		—		3		26		111		—		129
Interest expense, net		—		—		(141)		(3)		—		—		(144)
Equity in (losses) earnings of subsidiaries		(20)		(115)		23		—		—		112		—
(Loss) income before income taxes and equity in losses of investment in Orbitz Worldwide		(31)		(115)		(115)		23		111		112		(15)
Provision for income taxes		—		(1)		—		—		(15)		—		(16)
Equity in losses of investment in Orbitz Worldwide		—		(1)		—		—		—		—		(1)
Net (loss) income		(31)		(117)		(115)		23		96		112		(32)
Net loss attributable to non-controlling interest in subsidiaries		—		—		—		—		1		—		1
Net (loss) income attributable to the Company		(31)		(117)		(115)		23		97		112		(31)

Consolidating Condensed Statements of Comprehensive Income

TRAVELPORT LIMITED

CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE INCOME

For the Three Months Ended June 30, 2013

(in $ millions)	Parent Guarantor		Intermediate Parent Guarantor		Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Travelport Consolidated
Net (loss) income		(105)		(143)		(143)		18		48		222		(103)
Other comprehensive income (loss), net of tax
Currency translation adjustment, net of tax		—		—		—		—		(5)		—		(5)
Unrealized actuarial loss on defined benefit plans, net of tax		—		—		—		(1)		—		—		(1)
Unrealized gain on equity investment, net of tax		—		6		—		—		—		—		6
Equity in other comprehensive (loss) income of subsidiaries		—		(1)		(1)		—		—		2		—
Other comprehensive income (loss), net of tax		—		5		(1)		(1)		(5)		2		—
Comprehensive (loss) income		(105)		(138)		(144)		17		43		224		(103)
Comprehensive income attributable to non-controlling interest in subsidiaries		—		—		—		—		(2)		—		(2)
Comprehensive (loss) income attributable to the Company		(105)		(138)		(144)		17		41		224		(105)

TRAVELPORT LIMITED

CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE INCOME

For the Three Months Ended June 30, 2012

(in $ millions)	Parent Guarantor		Intermediate Parent Guarantor		Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Travelport Consolidated
Net (loss) income		(20)		(67)		(68)		(1)		52		84		(20)
Other comprehensive (loss) income, net of tax
Currency translation adjustment, net of tax		—		—		—		—		(2)		—		(2)
Unrealized actuarial loss on defined benefit plans, net of tax		—		—		—		(2)		—		—		(2)
Unrealized gain on equity investment, net of tax		—		1		—		—		—		—		1
Equity in other comprehensive loss of subsidiaries		(3)		(2)		(2)		—		—		7		—
Other comprehensive (loss) income, net of tax		(3)		(1)		(2)		(2)		(2)		7		(3)
Comprehensive (loss) income		(23)		(68)		(70)		(3)		50		91		(23)
Comprehensive income attributable to non-controlling interest in subsidiaries		—		—		—		—		—		—		—
Comprehensive (loss) income attributable to the Company		(23)		(68)		(70)		(3)		50		91		(23)

TRAVELPORT LIMITED

CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE INCOME

For the Six Months Ended June 30, 2013

(in $ millions)	Parent Guarantor		Intermediate Parent Guarantor		Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Travelport Consolidated
Net (loss) income		(115)		(196)		(198)		28		99		269		(113)
Other comprehensive income (loss), net of tax
Currency translation adjustment, net of tax		—		—		—		—		(8)		—		(8)
Unrealized actuarial loss on defined benefit plans, net of tax		—		—		—		(1)		—		—		(1)
Unrealized gain on equity investment, net of tax		—		11		—		—		—		—		11
Equity in other comprehensive income of subsidiaries		2		(1)		(1)		—		—		—		—
Other comprehensive income (loss), net of tax		2		10		(1)		(1)		(8)		—		2
Comprehensive (loss) income		(113)		(186)		(199)		27		91		269		(111)
Comprehensive income attributable to non-controlling interest in subsidiaries		—		—		—		—		(2)		—		(2)
Comprehensive (loss) income attributable to the Company		(113)		(186)		(199)		27		89		269		(113)

TRAVELPORT LIMITED

CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE INCOME

For the Six Months Ended June 30, 2012

(in $ millions)	Parent Guarantor		Intermediate Parent Guarantor		Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Travelport Consolidated
Net income (loss)		(31)		(117)		(115)		23		96		112		(32)
Other comprehensive income (loss), net of tax
Unrealized actuarial loss on defined benefit plans, net of tax		—		—		—		(2)		—		—		(2)
Unrealized gain on equity investment, net of tax		—		(1)		—		—		—		—		(1)
Equity in other comprehensive loss of subsidiaries		(3)		(2)		(2)		—		—		7		—
Other comprehensive income (loss), net of tax		(3)		(3)		(2)		(2)		—		7		(3)
Comprehensive (loss) income		(34)		(120)		(117)		21		96		119		(35)
Comprehensive loss attributable to non-controlling interest in subsidiaries		—		—		—		—		1		—		1
Comprehensive (loss) income attributable to the Company		(34)		(120)		(117)		21		97		119		(34)

Consolidating Condensed Balance Sheets

TRAVELPORT LIMITED

CONSOLIDATING CONDENSED BALANCE SHEETS

As of June 30, 2013

(in $ millions)	Parent Guarantor		Intermediate Parent Guarantor		Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Travelport Consolidated
Assets
Current assets:
Cash and cash equivalents		—		—		40		2		75		—		117
Accounts receivable, net		—		—		—		70		144		—		214
Deferred income taxes		—		—		—		—		2		—		2
Other current assets		—		—		23		21		152		—		196
Total current assets		—		—		63		93		373		—		529
Investment in subsidiary/intercompany		(1,346)		(1,453)		1,886		—		—		913		—
Property and equipment, net		—		—		—		376		25		—		401
Goodwill		—		—		—		960		26		—		986
Trademarks and tradenames		—		—		—		313		1		—		314
Other intangible assets, net		—		—		—		590		91		—		681
Cash held as collateral		—		—		93		—		—		—		93
Investment in Orbitz Worldwide		—		13		—		—		—		—		13
Non-current deferred income tax		—		—		—		—		6		—		6
Other non-current assets		—		—		47		34		29		—		110
Total assets		(1,346)		(1,440)		2,089		2,366		551		913		3,133
Liabilities and equity
Current liabilities:
Accounts payable		—		—		—		33		26		—		59
Accrued expenses and other current liabilities		14		—		91		99		358		—		562
Deferred income taxes		—		—		—		38		—		—		38
Current portion of long-term debt		—		—		15		21		—		—		36
Total current liabilities		14		—		106		191		384		—		695
Long-term debt		—		—		3,430		71		—		—		3,501
Deferred income taxes		—		—		—		5		3		—		8
Other non-current liabilities		—		—		6		213		52		—		271
Total liabilities		14		—		3,542		480		439		—		4,475
Total shareholders’ equity/intercompany		(1,360)		(1,440)		(1,453)		1,886		94		913		(1,360)
Equity attributable to non-controlling interest in subsidiaries		—		—		—		—		18		—		18
Total equity		(1,360)		(1,440)		(1,453)		1,886		112		913		(1,342)
Total liabilities and equity		(1,346)		(1,440)		2,089		2,366		551		913		3,133

TRAVELPORT LIMITED

CONSOLIDATING CONDENSED BALANCE SHEETS

As of December 31, 2012

(in $ millions)	Parent Guarantor		Intermediate Parent Guarantor		Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Travelport Consolidated
Assets
Current assets:
Cash and cash equivalents		—		—		51		3		56		—		110
Accounts receivable, net		—		—		—		45		105		—		150
Deferred income taxes		—		—		—		—		2		—		2
Other current assets		—		—		26		16		128		—		170
Total current assets		—		—		77		64		291		—		432
Investment in subsidiary/intercompany		(1,203)		(1,921)		1,243		—		—		1,881		—
Property and equipment, net		—		—		—		358		58		—		416
Goodwill		—		—		—		846		140		—		986
Trademarks and tradenames		—		—		—		190		124		—		314
Other intangible assets, net		—		—		—		251		466		—		717
Cash held as collateral		—		—		137		—		—		—		137
Non-current deferred income tax		—		—		—		—		6		—		6
Other non-current assets		—		—		80		40		30		—		150
Total assets		(1,203)		(1,921)		1,537		1,749		1,115		1,881		3,158
Liabilities and equity
Current liabilities:
Accounts payable		—		—		—		47		27		—		74
Accrued expenses and other current liabilities		15		—		117		113		292		—		537
Deferred income taxes		—		—		—		38		—		—		38
Current portion of long-term debt		—		—		20		18		—		—		38
Total current liabilities		15		—		137		216		319		—		687
Long-term debt		—		—		3,314		78		—		—		3,392
Deferred income taxes		—		—		—		4		3		—		7
Other non-current liabilities		—		—		7		208		59		—		274
Total liabilities		15		—		3,458		506		381		—		4,360
Total shareholders’ equity/intercompany		(1,218)		(1,921)		(1,921)		1,243		718		1,881		(1,218)
Equity attributable to non-controlling interest in subsidiaries		—		—		—		—		16		—		16
Total equity		(1,218)		(1,921)		(1,921)		1,243		734		1,881		(1,202)
Total liabilities and equity		(1,203)		(1,921)		1,537		1,749		1,115		1,881		3,158

Consolidating Condensed Statements of Cash Flows

TRAVELPORT LIMITED

CONSOLIDATING CONDENSED STATEMENTS OF CASH FLOWS

For the Six Months Ended June 30, 2013

(in $ millions)	Parent Guarantor		Intermediate Parent Guarantor		Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Travelport Consolidated
Operating activities
Net (loss) income		(115)		(196)		(198)		28		99		269		(113)
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities
Depreciation and amortization		—		—		—		74		27		—		101
Amortization of customer loyalty payments		—		—		—		8		21		—		29
Equity-based compensation		2		—		—		—		—		—		2
Amortization of debt finance costs and debt discount		—		—		19		—		—		—		19
Loss on extinguishment of debt		—		—		49		—		—		—		49
Payment in kind interest		—		—		9		—		—		—		9
Gain on interest rate derivative instruments		—		—		(2)		—		—		—		(2)
Loss on foreign exchange derivative instruments		—		—		7		—		—		—		7
Equity in earnings of investment in Orbitz Worldwide		—		(2)		—		—		—		—		(2)
Equity in losses (earnings) of subsidiaries		99		198		(28)		—		—		(269)		—
Customer loyalty payments		—		—		—		(8)		(28)		—		(36)
Changes in assets and liabilities:
Accounts receivable		—		—		—		(25)		(40)		—		(65)
Other current assets		—		—		—		7		(11)		—		(4)
Accounts payable, accrued expenses and other current liabilities		—		—		19		28		(56)		—		(9)
Other		—		—		17		21		(11)		—		27
Net cash (used in) provided by operating activities		(14)		—		(108)		133		1		—		12
Investing activities
Property and equipment additions		—		—		—		(44)		(2)		—		(46)
Other		—		—		—		(6)		—		—		(6)
Net intercompany funding		20		—		35		(75)		20		—		—
Net cash provided by (used in) by investing activities		20		—		35		(125)		18		—		(52)
Financing activities
Proceeds from new term loans		—		—		2,169		—		—		—		2,169
Proceeds from revolver borrowings		—		—		53		—		—		—		53
Repayment of term loans		—		—		(1,659)		—		—		—		(1,659)
Repayment of revolver borrowings		—		—		(73)		—		—		—		(73)
Repayment of capital lease obligations		—		—		—		(8)		—		—		(8)
Repurchase of Senior Notes		—		—		(413)		—		—		—		(413)
Release of cash provided as collateral		—		—		137		—		—		—		137
Cash provided as collateral		—		—		(93)		—		—		—		(93)
Debt finance costs		—		—		(55)		—		—		—		(55)
Payment on settlement of foreign exchange derivative contracts		—		—		(7)		—		—		—		(7)
Proceeds from settlement of foreign exchange contracts		—		—		3		—		—		—		3
Distribution to a parent company		(6)		—		—		—		—		—		(6)
Net cash provided by (used in) financing activities		(6)		—		62		(8)		—		—		48
Effect of changes in exchange rates on cash and cash equivalents		—		—		—		(1)		—		—		(1)
Net increase in cash and cash equivalents		—		—		(11)		(1)		19		—		7
Cash and cash equivalents at beginning of period		—		—		51		3		56		—		110
Cash and cash equivalents at end of period		—		—		40		2		75		—		117

TRAVELPORT LIMITED

CONSOLIDATING CONDENSED STATEMENTS OF CASH FLOWS

For the Six Months Ended June 30, 2012

(in $ millions)	Parent Guarantor		Intermediate Parent Guarantor		Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Travelport Consolidated
Operating activities
Net (loss) income		(31)		(117)		(115)		23		96		112		(32)
Adjustments to reconcile net (loss) income from operations to net cash (used in) provided by operating activities:
Depreciation and amortization		—		—		—		90		23		—		113
Amortization of customer loyalty payments		—		—		—		9		22		—		31
Equity-based compensation		2		—		—		—		—		—		2
Amortization of debt finance costs		—		—		22		—		—		—		22
Payment in kind interest		—		—		7		—		—		—		7
Gain on interest rate derivative instruments		—		—		(2)		—		—		—		(2)
Gain on foreign exchange derivative instruments		—		—		(5)		—		—		—		(5)
Equity in losses of investment in Orbitz Worldwide		—		1		—		—		—		—		1
Equity in losses (earnings) of subsidiaries		20		115		(23)		—		—		(112)		—
Defined benefit pension plan funding		—		—		—		(5)		—		—		(5)
Customer loyalty payments		—		—		—		(5)		(22)		—		(27)
Changes in assets and liabilities:
Accounts receivable		—		—		—		16		(25)		—		(9)
Other current assets		—		—		—		(4)		(10)		—		(14)
Accounts payable, accrued expenses and other current liabilities		—		1		—		45		(9)		—		37
Other		—		2		(1)		1		7		—		9
Net cash (used in) provided by operating activities		(9)		2		(117)		170		82		—		128
Investing activities
Property and equipment additions		—		—		—		(32)		—		—		(32)
Other		—		—		—		—		3		—		3
Net intercompany funding		10		(2)		151		(131)		(28)		—		—
Net cash provided by (used in) investing activities		10		(2)		151		(163)		(25)		—		(29)
Financing activities
Proceeds from new term loans		—		—		170		—		—		—		170
Proceeds from revolver borrowings		—		—		25		—		—		—		25
Repayment of term loans		—		—		(165)		—		—		—		(165)
Repayment of revolver borrowings		—		—		(60)		—		—		—		(60)
Repayment of capital lease obligations		—		—		—		(7)		—		—		(7)
Repurchase of Senior Notes		—		—		(1)		—		—		—		(1)
Debt finance costs		—		—		(9)		—		—		—		(9)
Payments on settlement of foreign exchange derivative contracts		—		—		(17)		—		—		—		(17)
Proceeds on settlement of foreign exchange derivative contracts		—		—		1		—		—		—		1
Net share settlement for equity-based compensation		(1)		—		—		—		—		—		(1)
Contribution from non-controlling interest shareholders		—		—		—		—		3		—		3
Net cash (used in) provided by financing activities		(1)		—		(56)		(7)		3		—		(61)
Effects of changes in exchange rates on cash and cash equivalents		—		—		—		—		—		—		—
Net (decrease) increase in cash and cash equivalents		—		—		(22)		—		60		—		38
Cash and cash equivalents at beginning of period		—		—		84		—		40		—		124
Cash and cash equivalents at end of period		—		—		62		—		100		—		162