14. Guarantor and Non-Guarantor Consolidating Condensed Financial Statements

All of the Company’s secured debt and its unsecured Senior Notes and Senior Subordinated Notes are unconditionally guaranteed by Travelport Limited, as parent guarantor, Waltonville Limited and TDS Investor (Luxembourg) S.à.r.l., as intermediate parent guarantors, and, subject to certain exceptions, each of the Company’s existing and future domestic 100% owned subsidiaries (the “guarantor subsidiaries”). The guarantees are full, unconditional, joint and several.

The following consolidating condensed financial statements presents the Company’s consolidating condensed statements of operations for the three and nine months ended September 30, 2013 and 2012, the consolidating condensed statements of comprehensive income for the three and nine months ended September 30, 2013 and 2012, consolidating condensed balance sheets as of September 30, 2013 and as of December 31, 2012, and the consolidating condensed statements of cash flows for the nine months ended September 30, 2013 and 2012 for: (a) Travelport Limited (“the Parent Guarantor”); (b) Waltonville Limited and TDS Investor (Luxembourg) S.à.r.l. (together, “the Intermediate Parent Guarantor”); (c) Travelport LLC (“the Issuer”); (d) the guarantor subsidiaries; (e) the non-guarantor subsidiaries; (f) elimination and adjusting entries necessary to combine the Parent, Intermediate Parent Guarantor and Issuer with the guarantor and non-guarantor subsidiaries; and (g) the Company on a consolidated basis. As a result of the Company’s refinancing plans certain entities previously reported as issuer and non-guarantor subsidiaries within the Company’s consolidating condensed financial statements are now presented as guarantor subsidiaries.

In addition, the Company’s secured debt is unconditionally guaranteed by certain non-domestic 100% owned subsidiaries, the net revenue, assets and operating income of which are including in the non-guarantor subsidiaries.

TRAVELPORT LIMITED

CONSOLIDATING CONDENSED STATEMENTS OF OPERATIONS

For the Three Months Ended September 30, 2013


(in $ millions)	Parent Guarantor		Intermediate Parent Guarantor		Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Travelport Consolidated
Net revenue		—		—		—		197		314		—		511

Costs and expenses
Cost of revenue		—		—		—		141		172		—		313
Selling, general and administrative		4		—		(1)		2		85		—		90
Depreciation and amortization		—		—		—		49		2		—		51

Total costs and expenses		4		—		(1)		192		259		—		454

Operating (loss) income		(4)		—		1		5		55		—		57
Interest expense, net		—		—		(81)		(2)		—		—		(83)
Equity in (losses) earnings of subsidiaries		(23)		(75)		5		—		—		93		—

(Loss) income before income taxes and equity in earnings of investment in Orbitz Worldwide		(27)		(75)		(75)		3		55		93		(26)
(Benefit from)/provision for income taxes		—		—		—		2		(9)		—		(7)
Equity in earnings of investment in Orbitz Worldwide		—		6		—		—		—		—		6

Net (loss) income		(27)		(69)		(75)		5		46		93		(27)
Net earnings attributable to non-controlling interest in subsidiaries		—		—		—		—		—		—		—

Net (loss) income attributable to the Company		(27)		(69)		(75)		5		46		93		(27)

TRAVELPORT LIMITED

CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE INCOME

For the Three Months Ended September 30, 2013


(in $ millions)	Parent Guarantor		Intermediate Parent Guarantor		Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Travelport Consolidated
Net (loss) income		(27)		(69)		(75)		5		46		93		(27)

Other comprehensive loss, net of tax
Currency translation adjustment, net of tax		—		—		—		—		6		—		6
Unrealized loss on cash flow hedges, net of tax		—		—		(2)		—		—		—		(2)
Unrealized loss on equity investment, net of tax		—		(4)		—		—		—		—		(4)
Equity in other comprehensive (loss) income of subsidiaries		—		(2)		—		—		—		2		—

Other comprehensive (loss) income, net of tax		—		(6)		(2)		—		6		2		—

Comprehensive (loss) income		(27)		(75)		(77)		5		52		95		(27)
Comprehensive loss attributable to non-controlling interest in subsidiaries		—		—		—		—		—		—		—

Comprehensive (loss) income attributable to the Company		(27)		(75)		(77)		5		52		95		(27)

TRAVELPORT LIMITED

CONSOLIDATING CONDENSED STATEMENTS OF OPERATIONS

For the Three Months Ended September 30, 2012


(in $ millions)	Parent Guarantor		Intermediate Parent Guarantor		Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Travelport Consolidated
Net revenue		—		—		—		200		289		—		489

Costs and expenses
Cost of revenue		—		—		—		128		168		—		296
Selling, general and administrative		10		—		8		16		76		—		110
Depreciation and amortization		—		—		—		54		2		—		56

Total costs and expenses		10		—		8		198		246		—		462

Operating (loss) income		(10)		—		(8)		2		43		—		27
Interest expense, net		—		—		(68)		(3)		—		—		(71)
Gain on early extinguishment of debt		—		—		5		—		—		—		5
Equity in (losses) earnings of subsidiaries		(31)		(76)		(5)		—		—		112		—

(Loss) income before income taxes and equity in earnings of investment in Orbitz Worldwide		(41)		(76)		(76)		(1)		43		112		(39)
Benefit (provision) for income taxes		—		1		—		(4)		(5)		—		(8)
Equity in earnings of investment in Orbitz Worldwide		—		7		—		—		—		—		7

Net (loss) income		(41)		(68)		(76)		(5)		38		112		(40)
Net income attributable to non-controlling interest in subsidiaries		—		—		—		—		(1)		—		(1)

Net (loss) income attributable to the Company		(41)		(68)		(76)		(5)		37		112		(41)

TRAVELPORT LIMITED

CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE INCOME

For the Three Months Ended September 30, 2012


(in $ millions)	Parent Guarantor		Intermediate Parent Guarantor		Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Travelport Consolidated
Net (loss) income		(41)		(68)		(76)		(5)		38		112		(40)

Other comprehensive (loss) income, net of tax
Currency translation adjustment, net of tax		—		—		—		—		2		—		2
Unrealized loss on equity investment, net of tax		—		(2)		—		—		—		—		(2)

Other comprehensive (loss) income, net of tax		—		(2)		—		—		2		—		—

Comprehensive (loss) income		(41)		(70)		(76)		(5)		40		112		(40)
Comprehensive income attributable to non-controlling interest in subsidiaries		—		—		—		—		(1)		—		(1)

Comprehensive (loss) income attributable to the Company		(41)		(70)		(76)		(5)		39		112		(41)

TRAVELPORT LIMITED

CONSOLIDATING CONDENSED STATEMENTS OF OPERATIONS

For the Nine Months Ended September 30, 2013


(in $ millions)	Parent Guarantor		Intermediate Parent Guarantor		Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Travelport Consolidated
Net revenue		—		—		—		614		982		—		1,596

Costs and expenses
Cost of revenue		—		—		—		383		589		—		972
Selling, general and administrative		20		—		7		68		195		—		290
Depreciation and amortization		—		—		—		146		6		—		152

Total costs and expenses		20		—		7		597		790		—		1,414

Operating (loss) income		(20)		—		(7)		17		192		—		182
Interest expense, net		—		—		(247)		(10)		—		—		(257)
Loss on early extinguishment of debt		—		—		(49)		—		—		—		(49)
Equity in (losses) earnings of subsidiaries		(122)		(297)		6		—		—		413		—

(Loss) income before income taxes and equity in earnings of investment in Orbitz Worldwide		(142)		(297)		(297)		7		192		413		(124)
Provision for income taxes		—		—		—		(1)		(23)		—		(24)
Equity in earnings of investment in Orbitz Worldwide		—		8		—		—		—		—		8

Net (loss) income		(142)		(289)		(297)		6		169		413		(140)
Net earnings attributable to non-controlling interest in subsidiaries		—		—		—		—		(2)		—		(2)

Net (loss) income attributable to the Company		(142)		(289)		(297)		6		167		413		(142)

TRAVELPORT LIMITED

CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE INCOME

For the Nine Months Ended September 30, 2013


(in $ millions)	Parent Guarantor		Intermediate Parent Guarantor		Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Travelport Consolidated
Net (loss) income		(142)		(289)		(297)		6		169		413		(140)

Other comprehensive income (loss), net of tax
Currency translation adjustment, net of tax		—		—		—		—		(2)		—		(2)
Unrealized loss on cash flow hedges, net of tax		—		—		(2)		—		—		—		(2)
Unrealized actuarial loss on defined benefit plans, net of tax		—		—		—		(1)		—		—		(1)
Unrealized gain on equity investment, net of tax		—		7		—		—		—		—		7
Equity in other comprehensive (loss) income of subsidiaries		2		(3)		(1)		—		—		2		—

Other comprehensive income (loss), net of tax		2		4		(3)		(1)		(2)		2		2

Comprehensive (loss) income		(140)		(285)		(300)		5		167		415		(138)
Comprehensive income attributable to non-controlling interest in subsidiaries		—		—		—		—		(2)		—		(2)

Comprehensive (loss) income attributable to the Company		(140)		(285)		(300)		5		165		415		(140)

TRAVELPORT LIMITED

CONSOLIDATING CONDENSED STATEMENTS OF OPERATIONS

For the Nine Months Ended September 30, 2012


(in $ millions)	Parent Guarantor		Intermediate Parent Guarantor		Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Travelport Consolidated
Net revenue		—		—		—		646		899		—		1,545

Costs and expenses
Cost of revenue		—		—		—		399		520		—		919
Selling, general and administrative		21		—		5		76		200		—		302
Depreciation and amortization		—		—		—		160		9		—		169

Total costs and expenses		21		—		5		635		729		—		1,390

Operating (loss) income		(21)		—		(5)		11		170		—		155
Interest expense, net		—		—		(205)		(10)		—		—		(215)
Gain on early extinguishment of debt		—		—		6		—		—		—		6
Equity in (losses) earnings of subsidiaries		(51)		(207)		(3)		—		—		261		—

(Loss) income before income taxes and equity in earnings of investment in Orbitz Worldwide		(72)		(207)		(207)		1		170		261		(54)
Provision for income taxes		—		—		—		(4)		(20)		—		(24)
Equity in earnings of investment in Orbitz Worldwide		—		6		—		—		—		—		6

Net (loss) income		(72)		(201)		(207)		(3)		150		261		(72)
Net loss attributable to non-controlling interest in subsidiaries		—		—		—		—		—		—		—

Net (loss) income attributable to the Company		(72)		(201)		(207)		(3)		150		261		(72)

TRAVELPORT LIMITED

CONSOLIDATING CONDENSED STATEMENTS OF COMPREHENSIVE INCOME

For the Nine Months Ended September 30, 2012


(in $ millions)	Parent Guarantor		Intermediate Parent Guarantor		Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries		Eliminations		Travelport Consolidated
Net (loss) income		(72)		(201)		(207)		(3)		150		261		(72)

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 loss on equity investment, net of tax		—		(3)		—		—		—		—		(3)

Other comprehensive (loss) income, net of tax		—		(3)		—		(2)		2		—		(3)

Comprehensive (loss) income		(72)		(204)		(207)		(5)		152		261		(75)
Comprehensive loss attributable to non-controlling interest in subsidiaries		—		—		—		—		—		—		—

Comprehensive (loss) income attributable to the Company		(72)		(204)		(207)		(5)		152		261		(75)

TRAVELPORT LIMITED

CONSOLIDATING CONDENSED BALANCE SHEETS

As of September 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		—		—		86		23		51		—		160
Accounts receivable, net		—		—		—		66		148		—		214
Deferred income taxes		—		—		—		—		2		—		2
Other current assets		—		—		9		41		150		—		200

Total current assets		—		—		95		130		351		—		576
Investment in subsidiary/intercompany		(1,372)		(1,474)		1,893		—		—		953		—
Property and equipment, net		—		—		—		381		24		—		405
Goodwill		—		—		—		960		26		—		986
Trademarks and tradenames		—		—		—		313		1		—		314
Other intangible assets, net		—		—		—		575		103		—		678
Cash held as collateral		—		—		64		—		—		—		64
Investment in Orbitz Worldwide		—		15		—		—		—		—		15
Non-current deferred income tax		—		—		—		—		6		—		6
Other non-current assets		—		—		53		38		29		—		120

Total assets		(1,372)		(1,459)		2,105		2,397		540		953		3,164

Liabilities and equity
Current liabilities:
Accounts payable		—		—		—		35		28		—		63
Accrued expenses and other current liabilities		14		—		117		113		352		—		596
Deferred income taxes		—		—		—		38		—		—		38
Current portion of long-term debt		—		—		16		22		—		—		38

Total current liabilities		14		—		133		208		380		—		735
Long-term debt		—		—		3,436		69		—		—		3,505
Deferred income taxes		—		—		—		5		4		—		9
Other non-current liabilities		—		—		10		222		52		—		284

Total liabilities		14		—		3,579		504		436		—		4,533

Total shareholders’ equity/intercompany		(1,386)		(1,459)		(1,474)		1,893		87		953		(1,386)
Equity attributable to non-controlling interest in subsidiaries		—		—		—		—		17		—		17

Total equity		(1,386)		(1,459)		(1,474)		1,893		104		953		(1,369)

Total liabilities and equity		(1,372)		(1,459)		2,105		2,397		540		953		3,164

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		—		—		33		19		58		—		110
Accounts receivable, net		—		—		—		45		105		—		150
Deferred income taxes		—		—		—		—		2		—		2
Other current assets		—		—		10		33		127		—		170

Total current assets		—		—		43		97		292		—		432
Investment in subsidiary/intercompany		(1,203)		(1,269)		1,837		—		—		635		—
Property and equipment, net		—		—		—		392		24		—		416
Goodwill		—		—		—		960		26		—		986
Trademarks and tradenames		—		—		—		313		1		—		314
Other intangible assets, net		—		—		—		631		86		—		717
Cash held as collateral		—		—		137		—		—		—		137
Investment in Orbitz Worldwide		—		—		—		—		—		—		—
Non-current deferred income tax		—		—		—		—		6		—		6
Other non-current assets		—		—		78		44		28		—		150

Total assets		(1,203)		(1,269)		2,095		2,437		463		635		3,158

Liabilities and equity
Accounts payable:		—		—		—		47		27		—		74
Accrued expenses		15		—		110		120		292		—		537
Deferred taxes		—		—		—		38		—		—		38
Current portion of long-term debt		—		—		20		18		—		—		38

Total current liabilities		15		—		130		223		319		—		687
Long-term debt		—		—		3,234		158		—		—		3,392
Deferred income taxes		—		—		—		4		3		—		7
Other non-current liabilities		—		—		—		215		59		—		274

Total liabilities		15		—		3,364		600		381		—		4,360

Total shareholders’ equity/intercompany		(1,218)		(1,269)		(1,269)		1,837		66		635		(1,218)
Equity attributable to non-controlling interest in subsidiaries		—		—		—		—		16		—		16

Total equity		(1,218)		(1,269)		(1,269)		1,837		82		635		(1,202)

Total liabilities and equity		(1,203)		(1,269)		2,095		2,437		463		635		3,158

TRAVELPORT LIMITED

CONSOLIDATING CONDENSED STATEMENTS OF CASH FLOWS

For the Nine Months Ended September 30, 2013


(in $ millions)	Parent Guarantor		Intermediate Parent Guarantor		Issuer		Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations		Travelport Consolidated
Operating activities
Net (loss) income		(142)		(289)		(297)		6		169		413		(140)
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities
Depreciation and amortization		—		—		—		146		6		—		152
Amortization of customer loyalty payments		—		—		—		13		32		—		45
Equity-based compensation		4		—		—		—		—		—		4
Amortization of debt finance costs and debt discount		—		—		24		1		—		—		25
Loss on extinguishment of debt		—		—		49		—		—		—		49
Payment-in-kind interest		—		—		16		—		—		—		16
Gain on interest rate derivative instruments		—		—		(3)		—		—		—		(3)
Gain on foreign exchange derivative instruments		—		—		(2)		—		—		—		(2)
Equity in earnings of investment in Orbitz Worldwide		—		(8)		—		—		—		—		(8)
Equity in losses (earnings) of subsidiaries		122		297		(6)		—		—		(413)		—
Deferred income taxes		—				—		1		2		—		3
Customer loyalty payments		—		—		—		(27)		(33)		—		(60)
Changes in assets and liabilities:
Accounts receivable		—		—		—		(21)		(43)		—		(64)
Other current assets		—		—		—		(8)		(10)		—		(18)
Accounts payable, accrued expenses and other current liabilities		—		—		18		(19)		49		—		48
Other		—		—		(12)		13		19		—		20

Net cash (used in) provided by operating activities		(16)		—		(213)		105		191		—		67

Investing activities
Property and equipment additions		—		—		—		(71)		(5)		—		(76)
Other		—		—		—		(6)		—		—		(6)
Net intercompany funding		23		—		154		16		(193)		—		—

Net cash provided by (used in) by investing activities		23		—		154		(61)		(198)		—		(82)

Financing activities
Proceeds from term loans		—		—		2,169		—		—		—		2,169
Proceeds from revolver borrowings		—		—		53		—		—		—		53
Repayment of term loans		—		—		(1,663)		—		—		—		(1,663)
Repayment of revolver borrowings		—		—		(73)		—		—		—		(73)
Repayment of capital lease obligations		—		—		—		(14)		—		—		(14)
Repurchase of Senior Notes		—		—		(387)		(26)		—		—		(413)
Release of cash provided as collateral		—		—		137		—		—		—		137
Cash provided as collateral		—		—		(64)		—		—		—		(64)
Debt finance costs		—		—		(55)		—		—		—		(55)
Payment on settlement of foreign exchange derivative contracts		—		—		(8)		—		—		—		(8)
Proceeds from settlement of foreign exchange contracts		—		—		3		—		—		—		3
Distribution to a parent company		(6)		—		—		—		—		—		(6)
Other		(1)		—		—		—		—		—		(1)

Net cash provided by (used in) financing activities		(7)		—		112		(40)		—		—		65

Net increase (decrease) in cash and cash equivalents		—		—		53		4		(7)		—		50
Cash and cash equivalents at beginning of period		—		—		33		19		58		—		110

Cash and cash equivalents at end of period		—		—		86		23		51		—		160

TRAVELPORT LIMITED

CONSOLIDATING CONDENSED STATEMENTS OF CASH FLOWS

For the Nine Months Ended September 30, 2012


(in $ millions)	Parent Guarantor		Intermediate Parent Guarantor		Issuer		Guarantor Subsidiaries		Non- Guarantor Subsidiaries		Eliminations		Travelport Consolidated
Operating activities
Net (loss) income		(72)		(201)		(207)		(3)		150		261		(72)
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:
Depreciation and amortization		—		—		—		160		9		—		169
Amortization of customer loyalty payments		—		—		—		9		39		—		48
Equity-based compensation		2		—		—		—		—		—		2
Amortization of debt finance costs and debt discount		—		—		29		—		—		—		29
Gain on early extinguishment of debt		—		—		(6)		—		—		—		(6)
Payment-in-kind interest		—		—		10		—		—		—		10
Equity in earnings of investment in Orbitz Worldwide		—		(6)		—		—		—		—		(6)
Equity in losses (earnings) of subsidiaries		51		207		3		—		—		(261)		—
Deferred income taxes		—		—		—		2		—		—		2
FASA liability		—		—		—		(7)		—		—		(7)
Defined benefit pension plan funding		—		—		—		(15)		—		—		(15)
Customer loyalty payments		—		—		—		(8)		(30)		—		(38)
Changes in assets and liabilities:
Accounts receivable		—		—		—		18		(31)		—		(13)
Other current assets		—		—		—		(24)		10		—		(14)
Accounts payable, accrued expenses and other current liabilities		—		(1)		(21)		(43)		99		—		34
Other		—		—		—		(24)		35		—		11

Net cash (used in) provided by operating activities		(19)		(1)		(192)		65		281		—		134

Investing activities
Property and equipment additions		—		—		—		(61)		—		—		(61)
Other		—		—		—		—		3		—		3
Net intercompany funding		20		1		248		2		(271)		—		—

Net cash provided by (used in) investing activities		20		1		248		(59)		(268)		—		(58)

Financing activities
Proceeds from new term loans		—		—		170		—		—		—		170
Proceeds from revolver borrowings		—		—		60		—		—		—		60
Repayment of term loans		—		—		(165)		—		—		—		(165)
Repayment of revolver borrowings		—		—		(60)		—		—		—		(60)
Repayment of capital lease obligations		—		—		—		(13)		—		—		(13)
Repurchase of Senior Notes		—		—		(20)		—		—		—		(20)
Debt finance costs		—		—		(9)		—		—		—		(9)
Payments on settlement of foreign exchange derivative contracts		—		—		(49)		—		—		—		(49)
Proceeds from settlement of foreign exchange derivative contracts		—		—		9		—		—		—		9
Other		(1)		—		—		—		3		—		2

Net cash (used in) provided by financing activities		(1)		—		(64)		(13)		3		—		(75)

Effects of changes in exchange rates on cash and cash equivalents		—		—		—		—		—		—		—

Net (decrease) increase in cash and cash equivalents		—		—		(8)		(7)		16		—		1
Cash and cash equivalents at beginning of period		—		—		57		27		40		—		124

Cash and cash equivalents at end of period		—		—		49		20		56		—		125