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UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Agency revenues $ 1,041,144 $ 769,928
Merchant revenues 526,998 528,564
Advertising and other revenues 73,660 3,520
Total revenues 1,641,802 1,302,012
Cost of revenues 235,331 292,347
Gross profit 1,406,471 1,009,665
Operating expenses:    
Advertising — Online 520,848 403,153
Advertising — Offline 53,474 27,729
Sales and marketing 64,311 52,263
Personnel, including stock-based compensation of $38,803 and $21,709, respectively 194,531 134,218
General and administrative 72,981 50,161
Information technology 23,224 13,222
Depreciation and amortization 38,376 19,080
Total operating expenses 967,745 699,826
Operating income 438,726 309,839
Other income (expense):    
Interest income 1,041 874
Interest expense (17,745) (17,329)
Foreign currency transactions and other (5,969) (2,942)
Total other income (expense) (22,673) (19,397)
Earnings before income taxes 416,053 290,442
Income tax expense 84,835 46,150
Net income 331,218 244,292
Less: net income attributable to noncontrolling interests 0 21
Net income applicable to common stockholders $ 331,218 $ 244,271
Net income applicable to common stockholders per basic common share $ 6.35 $ 4.89
Weighted average number of basic common shares outstanding 52,153 49,939
Net income applicable to common stockholders per diluted common share $ 6.25 $ 4.76
Weighted average number of diluted common shares outstanding 53,018 51,353