EX-99.2 3 a07-14950_1ex99d2.htm EX-99.2

Exhibit 99.2

 

priceline.com Incorporated

RECONCILIATION OF GAAP TO PRO FORMA

(unaudited)

(In thousands, except per share data)

 

RECONCILIATION OF GAAP TO PRO FORMA GROSS PROFIT

 

 

 

Three Months Ended

 

 

 

 

 

March 31,

 

March 31,

 

Year Ended December 31,

 

 

 

2007

 

2006

 

2006

 

2005

 

2004

 

2003

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GAAP Gross Profit

 

$

119,717

 

$

72,231

 

$

401,099

 

$

267,863

 

$

198,155

 

$

145,945

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a)   Airline excise tax refund

 

(15,878

)

—

 

(1,600

)

—

 

—

 

—

 

(b)   Amortization of acquired intangible assets in Cost of revenues

 

—

 

340

 

1,481

 

1,988

 

2,985

 

—

 

Pro Forma Gross Profit

 

$

103,839

 

$

72,571

 

$

400,980

 

$

269,851

 

$

201,140

 

$

145,945

 

 

RECONCILIATION OF GAAP TO PRO FORMA INTERNATIONAL GROSS PROFIT

 

 

 

Three Months Ended

 

 

 

 

 

March 31,

 

March 31,

 

Year Ended December 31,

 

 

 

2007

 

2006

 

2006

 

2005

 

2004

 

2003

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GAAP International Gross Profit

 

$

46,344

 

$

21,560

 

$

177,379

 

$

66,459

 

$

7,330

 

$

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a)   Airline excise tax refund

 

—

 

—

 

—

 

—

 

—

 

—

 

(b)   Amortization of acquired intangible assets in Cost of revenues

 

—

 

—

 

121

 

607

 

1,395

 

—

 

Pro Forma International Gross Profit

 

$

46,344

 

$

21,560

 

$

177,500

 

$

67,066

 

$

8,725

 

$

—

 

 

RECONCILIATION OF GAAP TO PRO FORMA DOMESTIC GROSS PROFIT

 

 

 

Three Months Ended

 

 

 

 

 

March 31,

 

March 31,

 

Year Ended December 31,

 

 

 

2007

 

2006

 

2006

 

2005

 

2004

 

2003

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

GAAP Domestic Gross Profit

 

$

73,373

 

$

50,671

 

$

223,720

 

$

201,404

 

$

190,825

 

$

145,945

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a)   Airline excise tax refund

 

(15,878

)

—

 

(1,600

)

—

 

—

 

—

 

(b)   Amortization of acquired intangible assets in Cost of revenues

 

—

 

340

 

1,360

 

1,381

 

1,590

 

—

 

Pro Forma Domestic Gross Profit

 

$

57,495

 

$

51,011

 

$

223,480

 

$

202,785

 

$

192,415

 

$

145,945

 

 

RECONCILIATION OF PRO FORMA DOMESTIC GROSS PROFIT TO PRO FORMA DOMESTIC GROSS PROFIT EXCLUDING ORBITZ

 

 

 

Three Months Ended

 

 

 

 

 

March 31,

 

March 31,

 

Year Ended December 31,

 

 

 

2007

 

2006

 

2006

 

2005

 

2004

 

2003

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pro Forma Domestic Gross Profit

 

$

57,495

 

$

51,011

 

$

223,480

 

$

202,785

 

$

192,415

 

$

145,945

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Orbitz Related Gross Profit

 

—

 

(4,525

)

(19,518

)

(11,728

)

(10,683

)

—

 

Pro Forma Domestic Gross Profit Excluding Orbitz

 

$

57,495

 

$

46,486

 

$

203,962

 

$

191,057

 

$

181,732

 

$

145,945

 

 

RECONCILIATION OF DOMESTIC GROSS TRAVEL BOOKINGS TO DOMESTIC GROSS TRAVEL BOOKINGS EXCLUDING ORBITZ

 

 

 

Three Months Ended

 

 

 

 

 

 

 

 

 

 

 

March 31,

 

March 31,

 

Year Ended December 31,

 

 

 

2007

 

2006

 

2006

 

2005

 

2004

 

2003

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Domestic Gross Bookings

 

$

478,812

 

$

474,007

 

$

1,972,791

 

$

1,754,329

 

$

1,622,567

 

$

1,101,284

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Orbitz Related Gross Bookings

 

—

 

(32,025

)

(140,471

)

(61,175

)

(54,531

)

—

 

Domestic Gross Bookings Excluding Orbitz

 

$

478,812

 

$

441,982

 

$

1,832,319

 

$

1,693,155

 

$

1,568,036

 

$

1,101,284

 

 

RECONCILIATION OF DOMESTIC GROSS TRAVEL BOOKINGS EXCLUDING ORBITZ TO DOMESTIC NON-AIR GROSS TRAVEL BOOKINGS EXCLUDING ORBITZ

 

 

 

Three Months Ended

 

 

 

 

 

 

 

 

 

 

 

March 31,

 

March 31,

 

Year Ended December 31,

 

 

 

2007

 

2006

 

2006

 

2005

 

2004

 

2003

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Domestic Gross Bookings Excluding Orbitz

 

$

478,812

 

$

441,982

 

$

1,832,319

 

$

1,693,155

 

$

1,568,036

 

$

1,101,284

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Air Gross Bookings Excluding Orbitz

 

(183,696

)

(201,713

)

(808,711

)

(817,020

)

(779,030

)

(537,140

)

Domestic Non-Air Gross Bookings Excluding Orbitz

 

$

295,116

 

$

240,269

 

$

1,023,609

 

$

876,135

 

$

789,007

 

$

564,144

 

(a)                  Airline excise tax refund is recorded in Revenue

(b)                 Amortization of acquired intangible assets is recorded in Cost of revenues