EX-99.1 2 exhibit991unauditedconsoli.htm EXHIBIT 99.1 Exhibit 99.1 Unaudited Consolidated Statements of Comprehensive Income


Exhibit 99.1
 
 
 
 
 
 
priceline.com Incorporated
Unaudited Consolidated Statements of Comprehensive Income
(In Thousands)
 
 
 
 
 
 
 
 
Year Ended December 31,
 
 
2011
 
2010
 
2009
 
Net income
$
1,059,131

 
$
528,142

 
$
489,472

 
Other comprehensive income (loss), net of tax
 
 
 
 
 
 
Foreign currency translation adjustments(1)
(55,128
)
 
(26,740
)
 
37,281

 
Unrealized gain on marketable securities(2)
212

 
294

 
116

 
Other
—

 
(3,758
)
 
—

 
Comprehensive income
1,004,215

 
497,938

 
526,869

 
Less: Comprehensive income attributable to noncontrolling interests
2,537

 
4,044

 
—

 
Comprehensive income attributable to common stockholders
$
1,001,678

 
$
493,894

 
$
526,869

 
 
 
 
 
 
 
 
(1)Includes net gains from fair value adjustments associated with hedges of foreign denominated net assets of $51,950, $24,116 and $3,022, net of taxes of $21,547, $11,311, and $1,209 for the years ended December 31, 2011, 2010, and 2009, respectively. The remaining balance in currency translation adjustments excludes income taxes due to the Company's practice and intention to reinvest the earnings of its foreign subsidiaries in those operations.
 
 
 
 
 
 
 
 
(2)Net of taxes of $96, $175, and $0 for the years ended December 31, 2011, 2010, and 2009.