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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Income Statement [Abstract]      
Agency revenues $ 6,527,898 $ 5,845,802 $ 4,410,689
Merchant revenues 2,082,973 2,186,054 2,211,474
Advertising and other revenues 613,116 410,115 171,143
Total revenues 9,223,987 8,441,971 6,793,306
Cost of revenues 632,180 857,841 1,077,420
Gross profit 8,591,807 7,584,130 5,715,886
Operating expenses:      
Advertising — Online 2,797,237 2,360,221 1,798,645
Advertising — Offline 214,685 231,309 127,459
Sales and marketing 353,221 310,910 235,817
Personnel, including stock-based compensation of $247,395, $186,425 and $140,526, respectively 1,166,226 950,191 698,692
General and administrative 415,420 352,869 252,994
Information technology 113,617 97,498 71,890
Depreciation and amortization 272,494 207,820 117,975
Total operating expenses 5,332,900 4,510,818 3,303,472
Operating income 3,258,907 3,073,312 2,412,414
Other income (expense):      
Interest income 55,729 13,933 4,167
Interest expense (160,229) (88,353) (83,289)
Foreign currency transactions and other (26,087) (9,444) (36,755)
Total other income (expense) (130,587) (83,864) (115,877)
Earnings before income taxes 3,128,320 2,989,448 2,296,537
Income tax expense 576,960 567,695 403,739
Net income 2,551,360 2,421,753 1,892,798
Less: net income attributable to noncontrolling interests 0 0 135
Net income applicable to common stockholders $ 2,551,360 $ 2,421,753 $ 1,892,663
Net income applicable to common stockholders per basic common share $ 50.09 $ 46.30 $ 37.17
Weighted average number of basic common shares outstanding 50,940 52,301 50,924
Net income applicable to common stockholders per diluted common share $ 49.45 $ 45.67 $ 36.11
Weighted average number of diluted common shares outstanding 51,593 53,023 52,413