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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Operating activities:    
Net income $ 185,169 $ 160,871
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation of property and equipment, including amortization of internal-use software and website development 20,834 14,033
Stock-based compensation 35,470 19,923
Amortization of intangible assets 4,182 4,909
Amortization of deferred financing costs 594 683
Amortization of discounts and premiums on marketable securities, net 3,821   
Deferred tax (benefit) expense (452) 413
Excess tax benefits from stock-based compensation (8,807) (2,189)
Provision (recovery) for doubtful accounts 1,378 (1,584)
Foreign currency transaction (gains) losses, net 29 1,779
Other, net 1,600 21
Changes in operating assets and liabilities, net of effects from acquisitions:    
Accounts receivable (28,625) (32,461)
Related parties (9,898) (25,500)
Taxes receivable 14,056 (4,006)
Prepaid expenses and other assets (3,222) (1,885)
Accounts payable (3,277) 3,641
Deferred merchant payables 12,769 (1,021)
Taxes payable 21,205 (528)
Accrued expenses and other liabilities 22,492 20,447
Deferred revenue 9,005 10,383
Net cash provided by operating activities 278,323 167,929
Investing activities:    
Acquisitions, net of cash acquired (31,516)   
Capital expenditures, including internal-use software and website development (39,318) (20,587)
Purchases of marketable securities (375,368)   
Sales of marketable securities 123,647   
Maturities of marketable securities 105,739   
Proceeds from Expedia, Inc. related to Spin-Off    7,028
Other, net 350   
Net cash used in investing activities (216,466) (13,559)
Financing activities:    
Repurchase of common stock (137,565)   
Proceeds from credit facilities 8,080 12,798
Payments on credit facilities (14,728) (10,000)
Principal payments on long-term debt (30,000) (15,000)
Proceeds from exercise of stock options and warrants 21,058 226,251
Payment of minimum withholding taxes on net share settlements of equity awards (9,878) (3,689)
Excess tax benefits from stock-based compensation 8,807 2,189
Net cash (used) provided by financing activities (154,226) 212,549
Effect of exchange rate changes on cash and cash equivalents 1,212 (2,079)
Net (decrease) increase in cash and cash equivalents (91,157) 364,840
Cash and cash equivalents at beginning of year 367,515 183,532
Cash and cash equivalents at end of period 276,358 548,372
Marketable securities sold during the period but settled after period end $ 40,406