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