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
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| Three Months Ended |
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| March 31, |
| March 31, |
| Year Ended December 31, |
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| 2007 |
| 2006 |
| 2006 |
| 2005 |
| 2004 |
| 2003 |
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GAAP Gross Profit |
| $ | 119,717 |
| $ | 72,231 |
| $ | 401,099 |
| $ | 267,863 |
| $ | 198,155 |
| $ | 145,945 |
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(a) Airline excise tax refund |
| (15,878 | ) | — |
| (1,600 | ) | — |
| — |
| — |
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(b) Amortization of acquired intangible assets in Cost of revenues |
| — |
| 340 |
| 1,481 |
| 1,988 |
| 2,985 |
| — |
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Pro Forma Gross Profit |
| $ | 103,839 |
| $ | 72,571 |
| $ | 400,980 |
| $ | 269,851 |
| $ | 201,140 |
| $ | 145,945 |
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RECONCILIATION OF GAAP TO PRO FORMA INTERNATIONAL GROSS PROFIT
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| Three Months Ended |
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| March 31, |
| March 31, |
| Year Ended December 31, |
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| 2007 |
| 2006 |
| 2006 |
| 2005 |
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| 2003 |
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GAAP International Gross Profit |
| $ | 46,344 |
| $ | 21,560 |
| $ | 177,379 |
| $ | 66,459 |
| $ | 7,330 |
| $ | — |
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(a) Airline excise tax refund |
| — |
| — |
| — |
| — |
| — |
| — |
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(b) Amortization of acquired intangible assets in Cost of revenues |
| — |
| — |
| 121 |
| 607 |
| 1,395 |
| — |
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Pro Forma International Gross Profit |
| $ | 46,344 |
| $ | 21,560 |
| $ | 177,500 |
| $ | 67,066 |
| $ | 8,725 |
| $ | — |
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RECONCILIATION OF GAAP TO PRO FORMA DOMESTIC GROSS PROFIT
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| Three Months Ended |
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| March 31, |
| March 31, |
| Year Ended December 31, |
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| 2007 |
| 2006 |
| 2006 |
| 2005 |
| 2004 |
| 2003 |
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GAAP Domestic Gross Profit |
| $ | 73,373 |
| $ | 50,671 |
| $ | 223,720 |
| $ | 201,404 |
| $ | 190,825 |
| $ | 145,945 |
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(a) Airline excise tax refund |
| (15,878 | ) | — |
| (1,600 | ) | — |
| — |
| — |
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(b) Amortization of acquired intangible assets in Cost of revenues |
| — |
| 340 |
| 1,360 |
| 1,381 |
| 1,590 |
| — |
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Pro Forma Domestic Gross Profit |
| $ | 57,495 |
| $ | 51,011 |
| $ | 223,480 |
| $ | 202,785 |
| $ | 192,415 |
| $ | 145,945 |
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RECONCILIATION OF PRO FORMA DOMESTIC GROSS PROFIT TO PRO FORMA DOMESTIC GROSS PROFIT EXCLUDING ORBITZ
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| Three Months Ended |
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| March 31, |
| March 31, |
| Year Ended December 31, |
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| 2007 |
| 2006 |
| 2006 |
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Pro Forma Domestic Gross Profit |
| $ | 57,495 |
| $ | 51,011 |
| $ | 223,480 |
| $ | 202,785 |
| $ | 192,415 |
| $ | 145,945 |
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Orbitz Related Gross Profit |
| — |
| (4,525 | ) | (19,518 | ) | (11,728 | ) | (10,683 | ) | — |
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Pro Forma Domestic Gross Profit Excluding Orbitz |
| $ | 57,495 |
| $ | 46,486 |
| $ | 203,962 |
| $ | 191,057 |
| $ | 181,732 |
| $ | 145,945 |
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RECONCILIATION OF DOMESTIC GROSS TRAVEL BOOKINGS TO DOMESTIC GROSS TRAVEL BOOKINGS EXCLUDING ORBITZ
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| Three Months Ended |
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| March 31, |
| March 31, |
| Year Ended December 31, |
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| 2007 |
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| 2006 |
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Domestic Gross Bookings |
| $ | 478,812 |
| $ | 474,007 |
| $ | 1,972,791 |
| $ | 1,754,329 |
| $ | 1,622,567 |
| $ | 1,101,284 |
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Orbitz Related Gross Bookings |
| — |
| (32,025 | ) | (140,471 | ) | (61,175 | ) | (54,531 | ) | — |
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Domestic Gross Bookings Excluding Orbitz |
| $ | 478,812 |
| $ | 441,982 |
| $ | 1,832,319 |
| $ | 1,693,155 |
| $ | 1,568,036 |
| $ | 1,101,284 |
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RECONCILIATION OF DOMESTIC GROSS TRAVEL BOOKINGS EXCLUDING ORBITZ TO DOMESTIC NON-AIR GROSS TRAVEL BOOKINGS EXCLUDING ORBITZ
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| Three Months Ended |
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| March 31, |
| March 31, |
| Year Ended December 31, |
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| 2007 |
| 2006 |
| 2006 |
| 2005 |
| 2004 |
| 2003 |
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Domestic Gross Bookings Excluding Orbitz |
| $ | 478,812 |
| $ | 441,982 |
| $ | 1,832,319 |
| $ | 1,693,155 |
| $ | 1,568,036 |
| $ | 1,101,284 |
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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 |
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(a) Airline excise tax refund is recorded in Revenue
(b) Amortization of acquired intangible assets is recorded in Cost of revenues