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Expedia, Inc. (EXPE) SEC Filing 10-K Annual report for the fiscal year ending Saturday, December 31, 2016

Expedia Group, Inc.

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CIK: 1324424 Ticker: EXPE
Exhibit 99.1

expediainc10516a01.jpg
Expedia, Inc. Reports Fourth Quarter and Full Year 2016 Results
BELLEVUE, WA – February 9, 2017 – Expedia, Inc. (NASDAQ: EXPE) announced financial results today for the fourth quarter and full year ended December 31, 2016.
All figures below exclude eLong and include the impact from acquisitions, unless otherwise noted.
Key Highlights
 
•
Gross bookings increased $1.2 billion or 8% year-over-year to $16.1 billion in the fourth quarter of 2016. Revenue increased 23% year-over-year to $2.1 billion in the fourth quarter.
•
Room nights stayed increased 15% year-over-year in the fourth quarter of 2016, with growth of 16% excluding Orbitz Worldwide.
•
On a standalone basis, trivago® reached $183 million in revenue in the fourth quarter of 2016, an increase of 65% year-over-year, and completed its initial public offering and listing on the Nasdaq Global Select Market in December 2016.
•
HomeAway® delivered $166 million of revenue in the fourth quarter of 2016, representing an increase of 30% year-over-year on a standalone basis.
•
In 2016, Expedia® repurchased 4.0 million shares of its common stock for approximately $436 million.
Financial Summary & Operating Metrics ($ millions except per share amounts) - Fourth Quarter 2016
  
Expedia, Inc.
Metric
Q4 2016
Q4 2015
Δ Y/Y
Room night growth
15%
39%(2)
(2,481) bps(2)
Gross bookings
$16,103.8
$14,950.4
8%
Revenue
2,092.8
1,698.6
23%
Adjusted EBITDA(1)
441.5
279.9
58%
Operating income
147.2
29.5
399%
Adjusted net income(1)
182.9
106.7
71%
Adjusted EPS(1)
$1.17
$0.77
52%
Net income (loss) attributable to the Company
79.5
(12.5)
NM
Diluted EPS
$0.51
$(0.09)
NM
Free cash flow(1)
(161.6)
(335.1)
52%
(1) “Adjusted EBITDA” (Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization), “Adjusted net income,” “Adjusted EPS” and “Free cash flow” are non-GAAP measures as defined by the Securities and Exchange Commission (the “SEC”). Please see “Definitions of Non-GAAP Measures” and “Tabular Reconciliations for Non-GAAP Measures” on pages 18-23 herein for an explanation and reconciliations of non-GAAP measures used throughout this release.
(2) Expedia sold its ownership interest in eLong, Inc. on May 22, 2015 and eLong is excluded from our results from that point forward. The room night growth comparison for Q4 2015 excludes eLong.
Please refer to the Glossary in the Quarterly Results section on Expedia’s investor relations website for definitions of the business and financial terms discussed within this release.


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The following information was filed by Expedia Group, Inc. (EXPE) on Thursday, February 9, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Expedia Group, Inc.'s 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Changes In Stockholders' Equity
Consolidated Statements Of Changes In Stockholders' Equity (parenthetical)
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Operations
Consolidated Statements Of Operations (parenthetical)
Acquisitions And Other Investments
Acquisitions And Other Investments (tables)
Acquisitions And Other Investments - Additional Information (detail)
Acquisitions And Other Investments - Summary Of Fair Value Of Assets Acquired And Liabilities Assumed In Conjunction With Acquisition (details)
Acquisitions And Other Investments - Supplemental Pro Forma Information (details)
Commitments And Contingencies
Commitments And Contingencies (tables)
Commitments And Contingencies - Additional Information (detail)
Commitments And Contingencies - Lease Commitments (details)
Commitments And Contingencies - Schedule Of Commitments And Obligations (details)
Debt
Debt (tables)
Debt - Additional Information (detail)
Debt - Fair Value Of Debt Outstanding (details)
Debt - Long Term Debt Outstanding (details)
Disposition Of Business
Disposition Of Business (tables)
Disposition Of Business - Additional Information (detail)
Disposition Of Business - Amounts Related To Elong In Consolidated Results Of Operations (details)
Disposition Of Business - Carrying Amounts Of Assets And Liabilities Disposed Of (details)
Earnings Per Share
Earnings Per Share (tables)
Earnings Per Share - Additional Information (detail)
Earnings Per Share - Basic And Diluted Earnings Per Share (details)
Employee Benefit Plans
Employee Benefit Plans - Additional Information (detail)
Fair Value Measurements
Fair Value Measurements (tables)
Fair Value Measurements - Additional Information (detail)
Fair Value Measurements - Financial Instruments Measured At Fair Value (details)
Goodwill And Intangible Assets, Net
Goodwill And Intangible Assets, Net (tables)
Goodwill And Intangible Assets, Net - Additional Information (detail)
Goodwill And Intangible Assets, Net - Changes In Goodwill By Reportable Segment (details)
Goodwill And Intangible Assets, Net - Components Of Intangible Assets With Definite Lives (details)
Goodwill And Intangible Assets, Net - Estimated Future Amortization Expense Related To Intangible Assets (details)
Goodwill And Intangible Assets, Net - Schedule Of Goodwill And Intangible Assets (details)
Guarantor And Non-guarantor Supplemental Financial Information
Guarantor And Non-guarantor Supplemental Financial Information (tables)
Guarantor And Non-guarantor Supplemental Financial Information - Schedule Of Balance Sheet Information (details)
Guarantor And Non-guarantor Supplemental Financial Information - Schedule Of Cash Flow Statement Information (details)
Guarantor And Non-guarantor Supplemental Financial Information - Schedule Of Statement Of Operations Information (details)
Income Taxes
Income Taxes (tables)
Income Taxes - Additional Information (detail)
Income Taxes - Components Of Deferred Tax Assets And Deferred Tax Liabilities (details)
Income Taxes - Domestic And Foreign Income Loss Before Income Taxes (details)
Income Taxes - Schedule Of Statutory Federal Income Tax Rate To Income From Continuing Operations Before Income Taxes (details)
Income Taxes - Summary Of Provision For Income Taxes (details)
Income Taxes - Uncertain Tax Positions (details)
Organization And Basis Of Presentation
Other Income (expense)
Other Income (expense) (tables)
Other Income Expense (detail)
Property And Equipment, Net
Property And Equipment, Net (tables)
Property And Equipment, Net - Additional Information (detail)
Property And Equipment, Net - Components Of Property And Equipment, Net (details)
Quarterly Financial Information (unaudited)
Quarterly Financial Information (unaudited) (tables)
Quarterly Financial Information - Schedule Of Quarterly Financial Information (details)
Redeemable Non-controlling Interests
Redeemable Non-controlling Interests (tables)
Redeemable Non-controlling Interests - Additional Information (details)
Redeemable Non-controlling Interests - Reconciliation Of Redeemable Non-controlling Interest (details)
Related Party Transactions
Related Party Transactions - Additional Information (detail)
Restructuring And Related Reorganization Charges
Restructuring And Related Reorganization Charges (tables)
Restructuring And Related Reorganization Charges - Additional Information (detail)
Restructuring And Related Reorganization Charges - Restructuring And Related Reorganization Activity (details)
Segment Information
Segment Information (tables)
Segment Information - Additional Information (detail)
Segment Information - Schedule Of Property Plant And Equipment By Geographic Area (details)
Segment Information - Schedule Of Revenue By Geographic Area (details)
Segment Information - Schedule Of Segment Information (detail)
Significant Accounting Policies
Significant Accounting Policies - Additional Information (detail)
Significant Accounting Policies Policies (policies)
Stock-based Awards And Other Equity Instruments
Stock-based Awards And Other Equity Instruments (tables)
Stock-based Awards And Other Equity Instruments - Additional Information (detail)
Stock-based Awards And Other Equity Instruments - Summary Of Restricted Stock Units Activity (details)
Stock-based Awards And Other Equity Instruments - Summary Of Stock Option Activity (details)
Stock-based Awards And Other Equity Instruments - Weighted Average Assumptions Of Black-scholes And Monte Carlo Option-pricing Models (details)
Stockholders' Equity
Stockholders' Equity (tables)
Stockholders' Equity - Accumulated Other Comprehensive Loss (details)
Stockholders' Equity - Additional Information (details)
Stockholders' Equity - Effects Of Changes In Noncontrolling Interest (details)
Stockholders' Equity - Shares Repurchased (details)
Stockholders' Equity - Summary Of Dividends Declared (details)
Valuation And Qualifying Accounts
Valuation And Qualifying Accounts (details)
Valuation And Qualifying Accounts (tables)
Ticker: EXPE
CIK: 1324424
Form Type: 10-K Annual Report
Accession Number: 0001324424-17-000006
Submitted to the SEC: Thu Feb 09 2017 6:33:36 PM EST
Accepted by the SEC: Fri Feb 10 2017
Period: Saturday, December 31, 2016
Industry: Transportation Services

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