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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Agency revenues $ 4,410,689 $ 3,142,815 $ 2,339,253
Merchant revenues 2,211,474 2,104,752 2,004,432
Advertising and other revenues 171,143 13,389 11,925
Total revenues 6,793,306 5,260,956 4,355,610
Cost of revenues 1,077,420 1,177,275 1,275,730
Gross profit 5,715,886 4,083,681 3,079,880
Operating expenses:      
Advertising - Online 1,798,645 1,273,637 919,214
Advertising - Offline 127,459 35,492 35,470
Sales and marketing 235,817 195,934 162,690
Personnel, including stock-based compensation of $140,526, $71,565 and $65,724, respectively 698,692 466,828 352,295
General and administrative 252,994 173,171 123,652
Information technology 71,890 43,685 33,813
Depreciation and amortization 117,975 65,141 53,824
Total operating expenses 3,303,472 2,253,888 1,680,958
Operating income 2,412,414 1,829,793 1,398,922
Other income (expense):      
Interest income 4,167 3,860 8,119
Interest expense (83,289) (62,064) (31,721)
Foreign currency transactions and other (36,755) (9,720) (7,526)
Total other income (expense) (115,877) (67,924) (31,128)
Earnings before income taxes 2,296,537 1,761,869 1,367,794
Income Tax Expense 403,739 337,832 308,663
Net income 1,892,798 1,424,037 1,059,131
Less: net income attributable to noncontrolling interests 135 4,471 2,760
Net income applicable to common stockholders $ 1,892,663 $ 1,419,566 $ 1,056,371
Net income applicable to common stockholders per basic common share (in dollars per share) $ 37.17 $ 28.48 $ 21.27
Weighted average number of basic common shares outstanding (in shares) 50,924 49,840 49,654
Net income applicable to common stockholders per diluted common share (in dollars per share) $ 36.11 $ 27.66 $ 20.63
Weighted average number of diluted common shares outstanding (in shares) 52,413 51,326 51,211