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Segment Information (Tables)
9 Months Ended
Sep. 30, 2016
Segment Reporting [Abstract]  
Operating Segment Information
The following tables present our segment information for the three and nine months ended September 30, 2016 and September 30, 2015. As a significant portion of our property and equipment is not allocated to our operating segments and depreciation is not included in our segment measure, we do not report the assets by segment as it would not be meaningful. We do not regularly provide such information to our chief operating decision makers.
 
 
Three months ended September 30, 2016
 
Core OTA
 
trivago
 
Egencia
 
HomeAway(1)
 
Corporate &
Eliminations
 
Total
 
(In thousands)
Third-party revenue
$
2,083,393

 
$
175,953

 
$
111,762

 
$
209,797

 
$

 
$
2,580,905

Intersegment revenue

 
100,520

 

 

 
(100,520
)
 

Revenue
$
2,083,393

 
$
276,473

 
$
111,762

 
$
209,797

 
$
(100,520
)
 
$
2,580,905

Adjusted EBITDA
$
713,849

 
$
5,725

 
$
18,155

 
$
77,342

 
$
(148,383
)
 
$
666,688

Depreciation
(65,251
)
 
(2,622
)
 
(8,342
)
 
(4,954
)
 
(42,386
)
 
(123,555
)
Amortization of intangible assets

 

 

 

 
(77,080
)
 
(77,080
)
Stock-based compensation

 

 

 

 
(48,263
)
 
(48,263
)
Legal reserves, occupancy tax and other

 

 

 

 
(22,332
)
 
(22,332
)
Restructuring and related reorganization charges

 

 

 

 
(5,591
)
 
(5,591
)
Realized (gain) loss on revenue hedges
(3,715
)
 

 

 

 

 
(3,715
)
Operating income (loss)
$
644,883

 
$
3,103

 
$
9,813

 
$
72,388

 
$
(344,035
)
 
386,152

Other expense, net
 
 
 
 
 
 
 
 
 
 
(46,597
)
Income before income taxes
 
 
 
 
 
 
 
 
 
 
339,555

Provision for income taxes
 
 
 
 
 
 
 
 
 
 
(60,627
)
Net income
 
 
 
 
 
 
 
 
 
 
278,928

Net loss attributable to noncontrolling interests
 
 
 
 
 
 
 
403

Net income attributable to Expedia, Inc.
 
 
 
 
 
 
 
 
 
$
279,331

 
Three months ended September 30, 2015
 
Core OTA
 
trivago
 
Egencia
 
eLong(2)
 
Corporate &
Eliminations
 
Total
 
(In thousands)
Third-party revenue
$
1,739,363

 
$
104,162

 
$
94,228

 
$

 
$

 
$
1,937,753

Intersegment revenue

 
71,439

 

 

 
(71,439
)
 

Revenue
$
1,739,363

 
$
175,601

 
$
94,228

 
$

 
$
(71,439
)
 
$
1,937,753

Adjusted EBITDA
$
589,433

 
$
(9,496
)
 
$
14,140

 
$

 
$
(125,023
)
 
$
469,054

Depreciation
(48,269
)
 
(574
)
 
(6,086
)
 

 
(32,227
)
 
(87,156
)
Amortization of intangible assets

 

 

 

 
(31,400
)
 
(31,400
)
Stock-based compensation

 

 

 

 
(63,656
)
 
(63,656
)
Legal reserves, occupancy tax and other

 

 

 

 
114,550

 
114,550

Restructuring and related reorganization charges

 

 

 

 
(42,449
)
 
(42,449
)
Realized (gain) loss on revenue hedges
(13,945
)
 

 

 

 

 
(13,945
)
Operating income (loss)
$
527,219

 
$
(10,070
)
 
$
8,054

 
$

 
$
(180,205
)
 
344,998

Other expense, net
 
 
 
 
 
 
 
 
 
 
(2,811
)
Income before income taxes
 
 
 
 
 
 
 
 
 
 
342,187

Provision for income taxes
 
 
 
 
 
 
 
 
 
 
(65,950
)
Net income
 
 
 
 
 
 
 
 
 
 
276,237

Net loss attributable to noncontrolling interests
 
 
 
 
 
 
 
6,979

Net income attributable to Expedia, Inc.
 
 
 
 
 
 
 
 
 
$
283,216


 
Nine months ended September 30, 2016
 
Core OTA
 
trivago
 
Egencia
 
HomeAway(1)
 
Corporate &
Eliminations
 
Total
 
(In thousands)
Third-party revenue
$
5,388,178

 
$
422,852

 
$
346,117

 
$
523,588

 
$

 
$
6,680,735

Intersegment revenue

 
230,314

 

 

 
(230,314
)
 

Revenue
$
5,388,178

 
$
653,166

 
$
346,117

 
$
523,588

 
$
(230,314
)
 
$
6,680,735

Adjusted EBITDA
$
1,434,424

 
$
20,466

 
$
59,986

 
$
132,926

 
$
(473,665
)
 
$
1,174,137

Depreciation
(186,308
)
 
(5,593
)
 
(23,267
)
 
(12,721
)
 
(116,944
)
 
(344,833
)
Amortization of intangible assets

 

 

 

 
(251,260
)
 
(251,260
)
Stock-based compensation

 

 

 

 
(197,602
)
 
(197,602
)
Legal reserves, occupancy tax and other

 

 

 

 
(28,650
)
 
(28,650
)
Restructuring and related reorganization charges

 

 

 

 
(33,584
)
 
(33,584
)
Realized (gain) loss on revenue hedges
(3,692
)
 

 

 

 

 
(3,692
)
Operating income (loss)
$
1,244,424

 
$
14,873

 
$
36,719

 
$
120,205

 
$
(1,101,705
)
 
314,516

Other expense, net
 
 
 
 
 
 
 
 
 
 
(153,042
)
Income before income taxes
 
 
 
 
 
 
 
 
 
 
161,474

Provision for income taxes
 
 
 
 
 
 
 
 
 
 
14,929

Net income
 
 
 
 
 
 
 
 
 
 
176,403

Net loss attributable to noncontrolling interests
 
 
 
 
 
 
 
25,988

Net income attributable to Expedia, Inc.
 
 
 
 
 
 
 
 
 
$
202,391


 
Nine months ended September 30, 2015
 
Core OTA
 
trivago
 
Egencia
 
eLong(2)
 
Corporate &
Eliminations
 
Total
 
(In thousands)
Third-party revenue
$
4,372,224

 
$
266,287

 
$
293,496

 
$
41,743

 
$

 
$
4,973,750

Intersegment revenue

 
170,984

 

 

 
(170,984
)
 

Revenue
$
4,372,224

 
$
437,271

 
$
293,496

 
$
41,743

 
$
(170,984
)
 
$
4,973,750

Adjusted EBITDA
$
1,193,228

 
$
(13,421
)
 
$
57,637

 
$
(62,167
)
 
$
(352,111
)
 
$
823,166

Depreciation
(134,527
)
 
(1,461
)
 
(17,874
)
 
(3,263
)
 
(83,753
)
 
(240,878
)
Amortization of intangible assets

 

 

 

 
(83,322
)
 
(83,322
)
Stock-based compensation

 

 

 

 
(134,036
)
 
(134,036
)
Legal reserves, occupancy tax and other

 

 

 

 
106,511

 
106,511

Restructuring and related reorganization charges

 

 

 

 
(52,771
)
 
(52,771
)
Realized (gain) loss on revenue hedges
(34,581
)
 

 

 

 

 
(34,581
)
Operating income (loss)
$
1,024,120

 
$
(14,882
)
 
$
39,763

 
$
(65,430
)
 
$
(599,482
)
 
384,089

Other income, net
 
 
 
 
 
 
 
 
 
 
547,806

Income before income taxes
 
 
 
 
 
 
 
 
 
 
931,895

Provision for income taxes
 
 
 
 
 
 
 
 
 
 
(196,261
)
Net income
 
 
 
 
 
 
 
 
 
 
735,634

Net loss attributable to noncontrolling interests
 
 
 
 
 
 
 
41,369

Net income attributable to Expedia, Inc.
 
 
 
 
 
 
 
 
 
$
777,003

 
(1)
Includes results since our acquisition of HomeAway on December 15, 2015.
(2)
Includes results of eLong through its disposal on May 22, 2015.