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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Agency revenues $ 3,142,815 $ 2,339,253 $ 1,380,603
Merchant revenues 2,104,752 2,004,432 1,691,640
Other revenues 13,389 11,925 12,662
Total revenues 5,260,956 4,355,610 3,084,905
Cost of revenues 1,177,275 1,275,730 1,175,934
Gross profit 4,083,681 3,079,880 1,908,971
Operating expenses:      
Advertising - Online 1,273,637 919,214 552,140
Advertising - Offline 35,492 35,470 35,714
Sales and marketing 195,934 162,690 116,303
Personnel, including stock-based compensation of $71,565, $65,724, and $68,200, respectively 466,828 352,295 270,071
General and administrative 173,171 123,652 81,185
Information technology 43,685 33,813 20,998
Depreciation and amortization 65,141 53,824 45,763
Total operating expenses 2,253,888 1,680,958 1,122,174
Operating income 1,829,793 1,398,922 786,797
Other income (expense):      
Interest income 3,860 8,119 3,857
Interest expense (62,064) (31,721) (29,944)
Foreign currency transactions and other (9,720) (7,526) (14,427)
Total other income (expense) (67,924) (31,128) (40,514)
Earnings before income taxes 1,761,869 1,367,794 746,283
Income Tax Expense 337,832 308,663 218,141
Net income 1,424,037 1,059,131 528,142
Less: net income attributable to noncontrolling interests 4,471 2,760 601
Net income applicable to common stockholders $ 1,419,566 $ 1,056,371 $ 527,541
Net income applicable to common stockholders per basic common share (in dollars per share) $ 28.48 $ 21.27 $ 11.00
Weighted average number of basic common shares outstanding (in shares) 49,840 49,654 47,955
Net income applicable to common stockholders per diluted common share (in dollars per share) $ 27.66 $ 20.63 $ 10.35
Weighted average number of diluted common shares outstanding (in shares) 51,326 51,211 50,988