EXPE » Topics » Reconciliation of OIBA to Operating Income (Loss) and Net Income (Loss)

These excerpts taken from the EXPE 10-K filed Feb 19, 2009.
Reconciliation of OIBA to Operating Income (Loss) and Net Income (Loss)
 
The following table presents a reconciliation of OIBA to operating income (loss) and net income (loss) for the years ended December 31, 2008, 2007 and 2006:
 
                         
    Year Ended December 31,  
    2008     2007     2006  
    (In thousands)  
 
OIBA
  $ 697,774     $ 669,487     $ 599,018  
Amortization of intangible assets
    (69,436 )     (77,569 )     (110,766 )
Impairment of goodwill
    (2,762,100 )            
Impairment of intangible and other long-lived assets
    (233,900 )           (47,000 )
Stock-based compensation
    (61,291 )     (62,849 )     (80,285 )
Amortization of non-cash distribution and marketing
                (9,638 )
                         
Operating income (loss)
    (2,428,953 )     529,069       351,329  
Interest income (expense), net
    (41,573 )     (13,478 )     14,799  
Other, net
    (44,178 )     (18,607 )     18,770  
Provision for income taxes
    (5,966 )     (203,114 )     (139,451 )
Minority interest in (income) loss of consolidated subsidiaries, net
    2,907       1,994       (513 )
                         
Net income (loss)
  $ (2,517,763 )   $ 295,864     $ 244,934  
                         
 
Reconciliation of OIBA to Operating Income (Loss) and Net Income (Loss)
 
The following table presents a reconciliation of OIBA to operating income (loss) and net income (loss) for the years ended December 31, 2008, 2007 and 2006:
 
                         
    Year Ended December 31,  
    2008     2007     2006  
    (In thousands)  
 
OIBA
  $ 697,774     $ 669,487     $ 599,018  
Amortization of intangible assets
    (69,436 )     (77,569 )     (110,766 )
Impairment of goodwill
    (2,762,100 )            
Impairment of intangible and other long-lived assets
    (233,900 )           (47,000 )
Stock-based compensation
    (61,291 )     (62,849 )     (80,285 )
Amortization of non-cash distribution and marketing
                (9,638 )
                         
Operating income (loss)
    (2,428,953 )     529,069       351,329  
Interest income (expense), net
    (41,573 )     (13,478 )     14,799  
Other, net
    (44,178 )     (18,607 )     18,770  
Provision for income taxes
    (5,966 )     (203,114 )     (139,451 )
Minority interest in (income) loss of consolidated subsidiaries, net
    2,907       1,994       (513 )
                         
Net income (loss)
  $ (2,517,763 )   $ 295,864     $ 244,934  
                         
 
Reconciliation
of OIBA to Operating Income (Loss) and Net Income
(Loss)



 



The following table presents a reconciliation of OIBA to
operating income (loss) and net income (loss) for the years
ended December 31, 2008, 2007 and 2006:


 
















































































































































































































































































                         

 

 

Year Ended December 31,

 

 

 

2008

 

 

2007

 

 

2006

 

 

 

(In thousands)

 
 


OIBA


 

$

697,774

 

 

$

669,487

 

 

$

599,018

 


Amortization of intangible assets


 

 

(69,436

)

 

 

(77,569

)

 

 

(110,766

)


Impairment of goodwill


 

 

(2,762,100

)

 

 



 

 

 



 


Impairment of intangible and other long-lived assets


 

 

(233,900

)

 

 



 

 

 

(47,000

)


Stock-based compensation


 

 

(61,291

)

 

 

(62,849

)

 

 

(80,285

)


Amortization of non-cash distribution and marketing


 

 



 

 

 



 

 

 

(9,638

)

 

 

 

 

 

 

 

 

 

 

 

 

 


Operating income (loss)


 

 

(2,428,953

)

 

 

529,069

 

 

 

351,329

 


Interest income (expense), net


 

 

(41,573

)

 

 

(13,478

)

 

 

14,799

 


Other, net


 

 

(44,178

)

 

 

(18,607

)

 

 

18,770

 


Provision for income taxes


 

 

(5,966

)

 

 

(203,114

)

 

 

(139,451

)


Minority interest in (income) loss of consolidated subsidiaries,
net


 

 

2,907

 

 

 

1,994

 

 

 

(513

)

 

 

 

 

 

 

 

 

 

 

 

 

 


Net income (loss)


 

$

(2,517,763

)

 

$

295,864

 

 

$

244,934

 

 

 

 

 

 

 

 

 

 

 

 

 

 






 




Reconciliation
of OIBA to Operating Income (Loss) and Net Income
(Loss)



 



The following table presents a reconciliation of OIBA to
operating income (loss) and net income (loss) for the years
ended December 31, 2008, 2007 and 2006:


 
















































































































































































































































































                         

 

 

Year Ended December 31,

 

 

 

2008

 

 

2007

 

 

2006

 

 

 

(In thousands)

 
 


OIBA


 

$

697,774

 

 

$

669,487

 

 

$

599,018

 


Amortization of intangible assets


 

 

(69,436

)

 

 

(77,569

)

 

 

(110,766

)


Impairment of goodwill


 

 

(2,762,100

)

 

 



 

 

 



 


Impairment of intangible and other long-lived assets


 

 

(233,900

)

 

 



 

 

 

(47,000

)


Stock-based compensation


 

 

(61,291

)

 

 

(62,849

)

 

 

(80,285

)


Amortization of non-cash distribution and marketing


 

 



 

 

 



 

 

 

(9,638

)

 

 

 

 

 

 

 

 

 

 

 

 

 


Operating income (loss)


 

 

(2,428,953

)

 

 

529,069

 

 

 

351,329

 


Interest income (expense), net


 

 

(41,573

)

 

 

(13,478

)

 

 

14,799

 


Other, net


 

 

(44,178

)

 

 

(18,607

)

 

 

18,770

 


Provision for income taxes


 

 

(5,966

)

 

 

(203,114

)

 

 

(139,451

)


Minority interest in (income) loss of consolidated subsidiaries,
net


 

 

2,907

 

 

 

1,994

 

 

 

(513

)

 

 

 

 

 

 

 

 

 

 

 

 

 


Net income (loss)


 

$

(2,517,763

)

 

$

295,864

 

 

$

244,934

 

 

 

 

 

 

 

 

 

 

 

 

 

 






 




Reconciliation of OIBA to Operating Income (Loss) and Net Income (Loss)
 
The following table presents a reconciliation of OIBA to operating income (loss) and net income (loss) for the years ended December 31, 2008, 2007 and 2006:
 
                         
    Year Ended December 31,  
    2008     2007     2006  
          (In thousands)        
 
OIBA (Unaudited)
  $ 697,774     $ 669,487     $ 599,018  
Amortization of intangible assets
    (69,436 )     (77,569 )     (110,766 )
Impairment of goodwill
    (2,762,100 )            
Impairment of intangible and other long-lived assets
    (233,900 )           (47,000 )
Stock-based compensation
    (61,291 )     (62,849 )     (80,285 )
Amortization of non-cash distribution and marketing
                (9,638 )
                         
Operating income (loss)
    (2,428,953 )     529,069       351,329  
Interest income (expense), net
    (41,573 )     (13,478 )     14,799  
Other, net
    (44,178 )     (18,607 )     18,770  
Provision for income taxes
    (5,966 )     (203,114 )     (139,451 )
Minority interest in (income) loss of consolidated subsidiaries, net
    2,907       1,994       (513 )
                         
Net income (loss)
  $ (2,517,763 )   $ 295,864     $ 244,934  
                         


F-38


Table of Contents

 
Expedia, Inc.
 
Notes to Consolidated Financial Statements — (Continued)
 
Reconciliation of OIBA to Operating Income (Loss) and Net Income (Loss)
 
The following table presents a reconciliation of OIBA to operating income (loss) and net income (loss) for the years ended December 31, 2008, 2007 and 2006:
 
                         
    Year Ended December 31,  
    2008     2007     2006  
          (In thousands)        
 
OIBA (Unaudited)
  $ 697,774     $ 669,487     $ 599,018  
Amortization of intangible assets
    (69,436 )     (77,569 )     (110,766 )
Impairment of goodwill
    (2,762,100 )            
Impairment of intangible and other long-lived assets
    (233,900 )           (47,000 )
Stock-based compensation
    (61,291 )     (62,849 )     (80,285 )
Amortization of non-cash distribution and marketing
                (9,638 )
                         
Operating income (loss)
    (2,428,953 )     529,069       351,329  
Interest income (expense), net
    (41,573 )     (13,478 )     14,799  
Other, net
    (44,178 )     (18,607 )     18,770  
Provision for income taxes
    (5,966 )     (203,114 )     (139,451 )
Minority interest in (income) loss of consolidated subsidiaries, net
    2,907       1,994       (513 )
                         
Net income (loss)
  $ (2,517,763 )   $ 295,864     $ 244,934  
                         


F-38


Table of Contents

 
Expedia, Inc.
 
Notes to Consolidated Financial Statements — (Continued)
 
Reconciliation
of OIBA to Operating Income (Loss) and Net Income
(Loss)



 



The following table presents a reconciliation of OIBA to
operating income (loss) and net income (loss) for the years
ended December 31, 2008, 2007 and 2006:


 






















































































































































































































































































                         

 

 

Year Ended December 31,

 

 

 

2008

 

 

2007

 

 

2006

 

 

 

 

 

 

(In thousands)

 

 

 

 
 


OIBA (Unaudited)


 

$

697,774

 

 

$

669,487

 

 

$

599,018

 


Amortization of intangible assets


 

 

(69,436

)

 

 

(77,569

)

 

 

(110,766

)


Impairment of goodwill


 

 

(2,762,100

)

 

 



 

 

 



 


Impairment of intangible and other long-lived assets


 

 

(233,900

)

 

 



 

 

 

(47,000

)


Stock-based compensation


 

 

(61,291

)

 

 

(62,849

)

 

 

(80,285

)


Amortization of non-cash distribution and marketing


 

 



 

 

 



 

 

 

(9,638

)

 

 

 

 

 

 

 

 

 

 

 

 

 


Operating income (loss)


 

 

(2,428,953

)

 

 

529,069

 

 

 

351,329

 


Interest income (expense), net


 

 

(41,573

)

 

 

(13,478

)

 

 

14,799

 


Other, net


 

 

(44,178

)

 

 

(18,607

)

 

 

18,770

 


Provision for income taxes


 

 

(5,966

)

 

 

(203,114

)

 

 

(139,451

)


Minority interest in (income) loss of consolidated subsidiaries,
net


 

 

2,907

 

 

 

1,994

 

 

 

(513

)

 

 

 

 

 

 

 

 

 

 

 

 

 


Net income (loss)


 

$

(2,517,763

)

 

$

295,864

 

 

$

244,934

 

 

 

 

 

 

 

 

 

 

 

 

 

 









F-38





Table of Contents





 




Expedia,
Inc.




 




Notes to
Consolidated Financial
Statements — (Continued)


 




Reconciliation
of OIBA to Operating Income (Loss) and Net Income
(Loss)



 



The following table presents a reconciliation of OIBA to
operating income (loss) and net income (loss) for the years
ended December 31, 2008, 2007 and 2006:


 






















































































































































































































































































                         

 

 

Year Ended December 31,

 

 

 

2008

 

 

2007

 

 

2006

 

 

 

 

 

 

(In thousands)

 

 

 

 
 


OIBA (Unaudited)


 

$

697,774

 

 

$

669,487

 

 

$

599,018

 


Amortization of intangible assets


 

 

(69,436

)

 

 

(77,569

)

 

 

(110,766

)


Impairment of goodwill


 

 

(2,762,100

)

 

 



 

 

 



 


Impairment of intangible and other long-lived assets


 

 

(233,900

)

 

 



 

 

 

(47,000

)


Stock-based compensation


 

 

(61,291

)

 

 

(62,849

)

 

 

(80,285

)


Amortization of non-cash distribution and marketing


 

 



 

 

 



 

 

 

(9,638

)

 

 

 

 

 

 

 

 

 

 

 

 

 


Operating income (loss)


 

 

(2,428,953

)

 

 

529,069

 

 

 

351,329

 


Interest income (expense), net


 

 

(41,573

)

 

 

(13,478

)

 

 

14,799

 


Other, net


 

 

(44,178

)

 

 

(18,607

)

 

 

18,770

 


Provision for income taxes


 

 

(5,966

)

 

 

(203,114

)

 

 

(139,451

)


Minority interest in (income) loss of consolidated subsidiaries,
net


 

 

2,907

 

 

 

1,994

 

 

 

(513

)

 

 

 

 

 

 

 

 

 

 

 

 

 


Net income (loss)


 

$

(2,517,763

)

 

$

295,864

 

 

$

244,934

 

 

 

 

 

 

 

 

 

 

 

 

 

 









F-38





Table of Contents





 




Expedia,
Inc.




 




Notes to
Consolidated Financial
Statements — (Continued)


 




EXCERPTS ON THIS PAGE:

10-K (8 sections)
Feb 19, 2009
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