XML 41 R4.htm IDEA: XBRL DOCUMENT v3.20.1
UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Total revenues $ 2,288 $ 2,837
Operating expenses:    
Marketing expenses 851 1,193
Sales and other expenses 377 215
Personnel, including stock-based compensation of $6 and $74, respectively 484 501
General and administrative 201 191
Information technology 78 65
Depreciation and amortization 117 116
Impairment of goodwill 489 0
Total operating expenses 2,597 2,281
Operating (loss) income (309) 556
Other income (expense):    
Interest income 32 35
Interest expense (64) (66)
Net (losses) gains on marketable equity securities (307) 451
Impairment of investment (100) 0
Foreign currency transactions and other 26 (8)
Total other (expense) income (413) 412
(Loss) income before income taxes (722) 968
Income tax (benefit) expense (23) 203
Net (loss) income $ (699) $ 765
Net income applicable to common stockholders per basic common share (in dollars per share) $ (17.01) $ 17.01
Weighted-average number of basic common shares outstanding (in shares) 41,093 45,007
Net income applicable to common stockholders per diluted common share (in dollars per share) $ (17.01) $ 16.85
Weighted-average number of diluted common shares outstanding (in shares) 41,093 45,436
Agency revenues    
Total revenues $ 1,424 $ 1,949
Merchant revenues    
Total revenues 659 603
Advertising and other revenues    
Total revenues $ 205 $ 285