Booking (BKNG) 8-K Other events

Exhibit 99.1

priceline.com Incorporated

CONSOLIDATED BALANCE SHEETS

(In thousands, unaudited)

	September 30, 2003			December 31, 2002
ASSETS
Current assets:
Cash and cash equivalents	$	115,302		$	67,182
Restricted cash	20,750			18,248
Short-term investments	148,027			64,154
Accounts receivable, net of allowance for doubtful accounts of $1,111 and $1,262 at September 30, 2003 and December 31, 2002, respectively	18,809			13,636
Prepaid expenses and other current assets	6,737			6,348
Total current assets	309,625			169,568
Property and equipment, net	16,603			21,413
Intangible assets, net	3,687			1,174
Goodwill	9,534			10,517
Other assets	22,829			8,490
Total assets	$	362,278		$	211,162
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	38,467		$	35,375
Accrued expenses	22,972			27,889
Other current liabilities	3,100			2,063
Total current liabilities	64,539			65,327
Long-term accrued expenses	545			715
Long-term debt	125,000			—
Total liabilities	190,084			66,042
SERIES B MANDATORILY REDEEMABLE PREFERRED STOCK	13,470			13,470
Stockholders’ equity
Common stock	306			1,884
Treasury stock	(338,410		)	(338,410		)
Additional paid-in capital	2,055,540			2,033,944
Deferred compensation	(1,514		)	—
Accumulated deficit	(1,557,672		)	(1,565,869		)
Accumulated other comprehensive income	474			101
Total stockholders’ equity	158,724			131,650
Total liabilities and stockholders’ equity	$	362,278		$	211,162

priceline.com Incorporated

CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except per share data, unaudited)

	Three Months Ended						Nine Months Ended
	September 30, 2003			September 30, 2002			September 30, 2003			September 30, 2002
Merchant revenues	$	240,584		$	237,961		$	676,135		$	800,298
Agency revenues	1,895			160			4,376			589
Other revenues	962			1,843			2,983			5,418
Total revenues	243,441			239,964			683,494			806,305
Cost of merchant revenues	202,793			201,949			569,365			677,432
Cost of agency revenues	—			—			—			—
Cost of other revenues	—			274			—			991
Total costs of revenues	202,793			202,223			569,365			678,423
Gross profit	40,648			37,741			114,129			127,882
Operating expenses:
Advertising	10,284			11,649			32,156			34,653
Sales and marketing	7,242			7,667			21,895			27,389
Personnel	7,441			8,397			22,500			24,552
General and administrative, including option payroll taxes  of $154 and $0 for the three months ended September 30,  2003 and 2002, respectively, and $256 and $120 for the nine  months ended September 30, 2003 and 2002, respectively	3,212			3,247			8,775			10,111
Information technology	1,878			2,581			6,849			8,866
Depreciation and amortization	2,510			4,850			9,209			13,798
Stock based compensation	106			250			176			750
Special charge (reversal)	—			—			—			(200		)
Restructuring charge (reversal)	(137		)	(92		)	(137		)	(916		)
Severance charge (reversal)	—			—			—			(55		)
Impairment charge	—			24,229			—			24,229
Warrant costs	—			—			6,638			—
Total operating expenses	32,536			62,778			108,061			143,177
Operating income (loss)	8,112			(25,037		)	6,068			(15,295		)
Other income:
Interest income	596			677			1,539			2,269
Interest expense	(367		)	(21		)	(413		)	(43		)
Equity in income of investees, net	1,389			394			2,494			1,131
Other	—			164			—			165
Total other income	1,618			1,214			3,620			3,522
Net income (loss)	9,730			(23,823		)	9,688			(11,773		)
Preferred stock dividend	(1,194		)	(490		)	(1,491		)	(2,344		)
Net income (loss) applicable to common stockholders	$	8,536		$	(24,313	)	$	8,197		$	(14,117	)
Net income (loss) applicable to common stockholders per basic common share	$	0.22		$	(0.64	)	$	0.22		$	(0.37	)
Weighted average number of basic common shares outstanding (1)	38,044			37,879			37,726			38,025
Net income (loss) applicable to common stockholders per diluted common share	$	0.21		$	(0.64	)	$	0.21		$	(0.37	)
Weighted average number of diluted common shares outstanding (1)	39,812			37,879			38,883			38,025

(1)  Reflects one-for -six reverse stock split.

2