EXPE » Topics » NOTE 12 -Earnings Per Share

These excerpts taken from the EXPE 10-K filed Feb 19, 2009.
Earnings Per Share
 
We compute basic earnings per share by taking net income (loss) available to common shareholders divided by the weighted average number of common and Class B common shares outstanding during the period excluding restricted stock and stock held in escrow. Diluted earnings per share include the potential dilution that could occur from stock-based awards and other stock-based commitments using the treasury stock or the as if converted methods, as applicable. For additional information on how we compute earnings per share, see Note 12 — Earnings Per Share.
 
Earnings Per Share
 
We compute basic earnings per share by taking net income (loss) available to common shareholders divided by the weighted average number of common and Class B common shares outstanding during the period excluding restricted stock and stock held in escrow. Diluted earnings per share include the potential dilution that could occur from stock-based awards and other stock-based commitments using the treasury stock or the as if converted methods, as applicable. For additional information on how we compute earnings per share, see Note 12 — Earnings Per Share.
 
Earnings
Per Share



 



We compute basic earnings per share by taking net income (loss)
available to common shareholders divided by the weighted average
number of common and Class B common shares outstanding
during the period excluding restricted stock and stock held in
escrow. Diluted earnings per share include the potential
dilution that could occur from stock-based awards and other
stock-based commitments using the treasury stock or the as if
converted methods, as applicable. For additional information on
how we compute earnings per share, see Note 12 —
Earnings Per Share.


 




Earnings
Per Share



 



We compute basic earnings per share by taking net income (loss)
available to common shareholders divided by the weighted average
number of common and Class B common shares outstanding
during the period excluding restricted stock and stock held in
escrow. Diluted earnings per share include the potential
dilution that could occur from stock-based awards and other
stock-based commitments using the treasury stock or the as if
converted methods, as applicable. For additional information on
how we compute earnings per share, see Note 12 —
Earnings Per Share.


 




These excerpts taken from the EXPE 10-K filed Feb 22, 2008.
Earnings Per Share
 
We compute basic earnings per share by taking net income available to common shareholders divided by the weighted average number of common and Class B common shares outstanding during the period excluding restricted stock and stock held in escrow. Diluted earnings per share include the potential dilution that could occur from stock-based awards and other stock-based commitments using the treasury stock or the as if converted methods, as applicable. For additional information on how we compute earnings per share, see Note 12 — Earnings Per Share.
 
Earnings
Per Share



 



We compute basic earnings per share by taking net income
available to common shareholders divided by the weighted average
number of common and Class B common shares outstanding
during the period excluding restricted stock and stock held in
escrow. Diluted earnings per share include the potential
dilution that could occur from stock-based awards and other
stock-based commitments using the treasury stock or the as if
converted methods, as applicable. For additional information on
how we compute earnings per share, see Note 12 —
Earnings Per Share.


 




This excerpt taken from the EXPE 10-K filed Feb 28, 2007.
NOTE 12 — Earnings Per Share
 
Basic Earnings Per Share
 
Basic earnings per share was calculated for the year ended December 31, 2006 using the weighted average number of common and Class B common shares outstanding during the period excluding restricted stock and stock held in escrow. We have 846 shares of preferred stock outstanding, the impact of which on our earnings per share calculation is immaterial.
 
For the year ended December 31, 2005, we computed basic earnings per share using the number of shares of common stock and Class B common stock outstanding immediately following the Spin-Off, as if such shares were outstanding for the entire period prior to the Spin-Off, plus the weighted average of such shares outstanding following the Spin-Off. For the year ended December 31, 2004, we computed basic earnings per share using the number of shares of common stock and Class B common stock outstanding immediately following the Spin-Off, as if such shares were outstanding for the entire period.
 
Diluted Earnings Per Share
 
For the years ended December 31, 2006 and 2005, we computed diluted earnings per share using (i) the number of shares of common stock and Class B common stock used in the basic earnings per share calculation


F-30


Table of Contents

 
Expedia, Inc.
 
Notes to Consolidated Financial Statements — (Continued)

as indicated above (ii) if dilutive, the incremental common stock that we would issue upon the assumed exercise of stock options and stock warrants and the vesting of restricted stock units using the treasury stock method, and (iii) the shares we are contractually obligated to issue associated with the Ask Jeeves Notes, if converted, and other stock-based commitments.
 
For the year ended December 31, 2004, we computed diluted earnings per share using (i) the number of shares of common stock and Class B common stock used in the basic earnings per share calculation as indicated above, and (ii) if dilutive, the incremental common stock that we would issue upon exercise of potentially dilutive stock-based commitments if the terms of the agreement under which the commitments were issued obligate us to issue the instrument as of the Spin-Off. Some of the stock warrant agreements meet this requirement, but options to purchase common stock and other potentially dilutive items do not. Warrants meeting this requirement were included in our diluted earnings per share calculation for the year ended December 31, 2004, based on the number of days they were outstanding at Spin-Off. We treated all other securities as if they were granted as of the Spin-Off.
 
The following table presents our basic and diluted earnings per share:
 
                         
    Year Ended December 31,  
    2006     2005     2004  
    (In thousands, except per share data)  
 
Net income
  $ 244,934     $ 228,730     $ 163,473  
Net earnings per share available to common stockholders:
                       
Basic
  $ 0.72     $ 0.68     $ 0.49  
Diluted
    0.70       0.65       0.48  
Weighted average number of shares outstanding:
                       
Basic
    338,047       336,819       335,540  
Dilutive effect of:
                       
Options to purchase common stock
    7,744       5,568        
Warrants to purchase common stock
    3,600       5,007       5,009  
Other dilutive securities
    2,790       2,136        
                         
Diluted
    352,181       349,530       340,549  
                         
 
This excerpt taken from the EXPE 10-Q filed Nov 14, 2005.

NOTE 12 –Earnings Per Share

 

We compute earnings per share in accordance with SFAS No. 128, “Earnings Per Share.” We compute basic earnings per share amount using the weighted average number of common and Class B common shares outstanding for the period. We compute diluted earnings per share using the treasury stock method, which includes the weighted average number of common shares outstanding, excluding restricted stock, for the period plus the potential dilution that could occur if various equity awards to issue common stock were exercised or restricted equity awards were vested resulting in the issuance of common stock that could share in our earnings.

 

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