Expedia (EXPE) 10-Q 30 Oct 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Oct. 16, 2015
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Trading Symbol	EXPE
Entity Registrant Name	EXPEDIA, INC.
Entity Central Index Key	1,324,424
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		117,039,127
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		12,799,999

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Revenue		$ 1,937,753	$ 1,712,504	$ 4,973,750	$ 4,407,507
Costs and expenses:
Cost of revenue	[1]	328,066	299,708	971,066	894,828
Selling and marketing	[1]	943,289	815,800	2,592,150	2,184,115
Technology and content	[1]	202,703	172,754	579,674	504,804
General and administrative	[1]	130,168	104,999	387,959	306,584
Amortization of intangible assets		31,400	18,519	83,322	55,275
Legal reserves, occupancy tax and other		(114,550)	3,888	(106,511)	38,843
Restructuring and related reorganization charges	[1]	71,679		82,001
Operating income (loss)		344,998	296,836	384,089	423,058
Other income (expense):
Interest income		4,165	8,075	14,403	20,756
Interest expense		(33,259)	(25,558)	(89,768)	(69,683)
Gain on sale of business				508,810
Other, net		26,283	10,172	114,361	2,514
Other income (expense), net		(2,811)	(7,311)	547,806	(46,413)
Income before income taxes		342,187	289,525	931,895	376,645
Provision for income taxes		(65,950)	(38,904)	(196,261)	(59,974)
Net income		276,237	250,621	735,634	316,671
Net loss attributable to noncontrolling interests		6,979	6,438	41,369	15,457
Net income attributable to Expedia, Inc.		$ 283,216	$ 257,059	$ 777,003	$ 332,128
Earnings per share attributable to Expedia, Inc. available to common stockholders:
Basic		$ 2.18	$ 2.01	$ 6.03	$ 2.57
Diluted		$ 2.12	$ 1.94	$ 5.86	$ 2.48
Shares used in computing earnings per share:
Basic		129,989	127,911	128,822	129,326
Diluted		133,417	132,274	132,602	133,683
Dividends declared per common share		$ 0.24	$ 0.18	$ 0.60	$ 0.48
[1]	Includes stock-based compensation as follows: Cost of revenue $ 1,112 $ 1,045 $ 3,586 $ 3,190 Selling and marketing 10,558 3,643 23,890 13,798 Technology and content 7,062 7,374 19,405 17,892 General and administrative 15,694 10,242 57,925 33,259 Restructuring and related reorganization charges 29,230 - 29,230 -

CONSOLIDATED STATEMENTS OF OPE3

CONSOLIDATED STATEMENTS OF OPERATIONS (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Stock-based compensation	$ 63,656	$ 22,304	$ 134,036	$ 68,139
Cost of revenue
Stock-based compensation	1,112	1,045	3,586	3,190
Selling and marketing
Stock-based compensation	10,558	3,643	23,890	13,798
Technology and content
Stock-based compensation	7,062	7,374	19,405	17,892
General and administrative
Stock-based compensation	15,694	$ 10,242	57,925	$ 33,259
Restructuring and related reorganization charges
Stock-based compensation	$ 29,230		$ 29,230

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Net income		$ 276,237	$ 250,621	$ 735,634	$ 316,671
Other comprehensive income (loss), net of tax
Currency translation adjustments, net of tax	[1]	(27,579)	(77,800)	(213,992)	(57,663)
Net reclassification of foreign currency translation adjustments into total other income (expenses), net				43,183
Unrealized gains (losses) on available for sale securities, net of taxes	[2]	31	(356)	231	(44)
Other comprehensive income (loss), net of tax		(27,548)	(78,156)	(170,578)	(57,707)
Comprehensive income		248,689	172,465	565,056	258,964
Less: Comprehensive income (loss) attributable to noncontrolling interests		(6,972)	(27,754)	(66,474)	(23,932)
Comprehensive income attributable to Expedia, Inc.		$ 255,661	$ 200,219	$ 631,530	$ 282,896
[1]	Net of tax of $1 million and $8 million for the three and nine months ended September 30, 2015 associated with debt translation losses related to a net investment hedge.
[2]	Net gains (losses) recognized and reclassified during the three and nine months ended September 30, 2015 and 2014 were immaterial.

CONSOLIDATED STATEMENTS OF COM5

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Parenthetical) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2015
Tax (benefit) associated with net investment hedge	$ 1	$ 8

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 1,455,339	$ 1,402,700
Restricted cash and cash equivalents	10,015	34,888
Short-term investments	35,478	355,780
Accounts receivable, net of allowance of $25,033 and $13,760	1,242,303	778,334
Deferred income taxes	180,951	169,269
Income taxes receivable	32,964	17,161
Prepaid expenses and other current assets	216,422	166,357
Total current assets	3,173,472	2,924,489
Property and equipment, net	966,560	553,126
Long-term investments and other assets	602,145	286,882
Deferred income taxes	137,358	10,053
Intangible assets, net	2,122,770	1,290,087
Goodwill	5,400,968	3,955,901
TOTAL ASSETS	12,403,273	9,020,538
Current liabilities:
Accounts payable, merchant	1,442,350	1,188,483
Accounts payable, other	549,735	361,382
Deferred merchant bookings	2,804,413	1,761,258
Deferred revenue	58,249	62,206
Income taxes payable	131,411	59,661
Accrued expenses and other current liabilities	940,198	753,625
Deferred income taxes	14,890
Total current liabilities	5,941,246	4,186,615
Long-term debt	2,475,425	1,746,787
Deferred income taxes	628,019	452,958
Other long-term liabilities	$ 284,905	$ 180,376
Commitments and contingencies
Redeemable noncontrolling interests	$ 567,480	$ 560,073
Stockholders' equity:
Additional paid-in capital	6,102,152	5,921,140
Treasury stock - Common stock, at cost	(4,043,056)	(3,998,120)
Retained earnings	666,177
Accumulated other comprehensive loss	(284,246)	(138,774)
Total Expedia, Inc. stockholders' equity	2,441,048	1,784,267
Non-redeemable noncontrolling interests	65,150	109,462
Total stockholders' equity	2,506,198	1,893,729
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	12,403,273	9,020,538
Common Stock
Stockholders' equity:
Common stock	20	20
Class B Common Stock
Stockholders' equity:
Common stock	$ 1	$ 1

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Accounts receivable, allowance	$ 25,033	$ 13,760
Treasury stock - Common stock, Shares	82,831,000	82,535,000
Class B Common Stock
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, Authorized	400,000,000	400,000,000
Common stock, Shares issued	12,800,000	12,800,000
Common stock, Shares outstanding	12,800,000	12,800,000
Common Stock
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, Authorized	1,600,000,000	1,600,000,000
Common stock, Shares issued	199,842,000	196,802,000
Common stock, Shares outstanding	117,011,000	114,267,000

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Operating activities:
Net income	$ 735,634	$ 316,671
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of property and equipment, including internal-use software and website development	240,878	195,161
Amortization of stock-based compensation	134,036	68,139
Amortization of intangible assets	83,322	55,275
Deferred income taxes	(42,628)	(27,371)
Foreign exchange (gain) loss on cash, cash equivalents and short-term investments, net	75,289	44,484
Realized (gain) loss on foreign currency forwards	(39,975)	11,267
Gain on sale of business	(508,810)
Noncontrolling investment basis adjustment	(77,400)
Other	15,237	4,919
Changes in operating assets and liabilities, net of effects from acquisitions and disposals:
Accounts receivable	(381,618)	(277,056)
Prepaid expenses and other current assets	27,183	(55,810)
Accounts payable, merchant	202,883	226,362
Accounts payable, other, accrued expenses and other current liabilities	233,350	289,525
Taxes payable/receivable, net	64,897	3,704
Deferred merchant bookings	772,787	694,830
Deferred revenue	6,461	16,702
Net cash provided by (used in) operating activities	1,541,526	1,566,802
Investing activities:
Capital expenditures, including internal-use software and website development	(625,439)	(239,678)
Purchases of investments	(512,329)	(1,044,665)
Sales and maturities of investments	392,271	957,347
Acquisitions, net of cash acquired	(1,933,821)	(25,177)
Proceeds from sale of business, net of cash divested and disposal costs	523,882
Net settlement of foreign currency forwards	39,975	(11,267)
Other, net	11,665	2,188
Net cash provided by (used in) investing activities	(2,103,796)	(361,252)
Financing activities:
Proceeds from issuance of long-term debt, net of issuance costs	700,454	493,630
Purchases of treasury stock	(48,694)	(469,267)
Proceeds from issuance of treasury stock	22,575
Payment of dividends to stockholders	(77,173)	(61,777)
Proceeds from exercise of equity awards and employee stock purchase plan	83,298	79,490
Excess tax benefit on equity awards	85,463	38,352
Withholding taxes for stock option exercises	(85,033)
Other, net	43,918	(1,591)
Net cash provided by (used in) financing activities	724,808	78,837
Effect of exchange rate changes on cash and cash equivalents	(109,899)	(52,672)
Net increase (decrease) in cash and cash equivalents	52,639	1,231,715
Cash and cash equivalents at beginning of period	1,402,700	1,021,033
Cash and cash equivalents at end of period	1,455,339	2,252,748
Supplemental cash flow information
Cash paid for interest	106,444	86,349
Income tax payments, net	$ 87,708	$ 42,428

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2015
Basis of Presentation	Note 1 – Basis of Presentation Description of Business Expedia, Inc. and its subsidiaries provide travel products and services to leisure and corporate travelers in the United States and abroad as well as various media and advertising offerings to travel and non-travel advertisers. These travel products and services are offered through a diversified portfolio of brands including: Expedia.com ® ® ® ® ® ® ® ® ® Basis of Presentation These accompanying financial statements present our results of operations, financial position and cash flows on a consolidated basis. The unaudited consolidated financial statements include Expedia, Inc., our wholly-owned subsidiaries, and entities we control, or in which we have a variable interest and are the primary beneficiary of expected cash profits or losses. We have eliminated significant intercompany transactions and accounts. We have prepared the accompanying unaudited consolidated financial statements in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial reporting. We have included all adjustments necessary for a fair presentation of the results of the interim period. These adjustments consist of normal recurring items. Our interim unaudited consolidated financial statements are not necessarily indicative of results that may be expected for any other interim period or for the full year. These interim unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements and related notes included in our Annual Report on Form 10-K for the year ended December 31, 2014, previously filed with the Securities and Exchange Commission. Accounting Estimates We use estimates and assumptions in the preparation of our interim unaudited consolidated financial statements in accordance with GAAP. Our estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of our interim unaudited consolidated financial statements. These estimates and assumptions also affect the reported amount of net income or loss during any period. Our actual financial results could differ significantly from these estimates. The significant estimates underlying our interim unaudited consolidated financial statements include revenue recognition; recoverability of current and long-lived assets, intangible assets and goodwill; income and transactional taxes, such as potential settlements related to occupancy and excise taxes; loss contingencies; loyalty program liabilities; redeemable noncontrolling interests; acquisition purchase price allocations; stock-based compensation and accounting for derivative instruments. Reclassifications We have reclassified certain amounts related to our prior period results to conform to our current period presentation. We also included a reclassification on our consolidated balance sheet as of December 31, 2014 to correct the immaterial presentation of cash dividends paid as a reduction to retained earnings to the extent the Company maintained retained earnings instead of additional paid-in capital. Seasonality We generally experience seasonal fluctuations in the demand for our travel products and services. For example, traditional leisure travel bookings are generally the highest in the first three quarters as travelers plan and book their spring, summer and holiday travel. The number of bookings typically decreases in the fourth quarter. Because revenue for most of our travel products, including merchant and agency hotel, is recognized when the travel takes place rather than when it is booked, revenue typically lags bookings by several weeks or longer. The seasonal revenue impact is exacerbated with respect to income by the nature of our variable cost of revenue and direct sales and marketing costs, which we typically realize in closer alignment to booking volumes, and the more stable nature of our fixed costs. Furthermore, operating profits for our primary advertising business, trivago, are experienced in the second half of the year as selling and marketing costs offset revenue in the first half of the year as we aggressively market during the busy booking period for summer travel. As a result, revenue and income are typically the lowest in the first quarter and highest in the third quarter.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2015
Summary of Significant Accounting Policies	Note 2 – Summary of Significant Accounting Policies Recently Adopted Accounting Policies As of January 1, 2015, we adopted the Accounting Standard Update (“ASU”) amending the requirements for reporting discontinued operations, which may include a component of an entity or a group of components of an entity. The amendment limits discontinued operations reporting to disposals of components of an entity that represent strategic shifts that have, or will have, a major effect on an entity’s operations and financial results and it also requires expanded disclosures surrounding discontinued operations. Upon adoption, the standard impacted how we assess and report discontinued operations, including our divestiture of eLong during the second quarter of 2015 as disclosed below in Note 4 – Disposition of Business. In September 2015, the Financial Accounting Standards Board (“FASB”) issued an ASU that simplifies the accounting for measurement-period adjustments in a business combination. Under the ASU, an acquirer must recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The effect on earnings as a result of the change to the provisional amounts, calculated as if the accounting had been completed as of the acquisition date, must be recorded in the reporting period in which the adjustment amounts are determined rather than retrospectively. The guidance is effective for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years with early adoption permitted for financial statements that have not been issued. We elected to early adopt for the current interim reporting period ending September 30, 2015. Recent Accounting Policies Not Yet Adopted In May 2014, the FASB issued an ASU amending revenue recognition guidance and requiring more detailed disclosures to enable users of financial statements to understand the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. In August 2015, the FASB issued an ASU deferring the effective date of the revenue standard so it would be effective for annual and interim reporting periods beginning after December 15, 2017, with early adoption prohibited before December 15, 2016. We are in the process of evaluating the impact of the adoption of this new guidance on our consolidated financial statements. In April 2015, the FASB issued an ASU that requires debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The guidance is effective for annual and interim reporting periods beginning after December 15, 2015, but early adoption is permitted. We anticipate adopting this new guidance on January 1, 2016 with no material impact on our consolidated financial statements.

Acquisitions and Other Investme

Acquisitions and Other Investments	9 Months Ended
	Sep. 30, 2015
Acquisitions and Other Investments	Note 3 – Acquisitions and Other Investments Orbitz Acquisition. The purchase consideration consisted primarily of $1.4 billion in cash, or $12 per share for all shares of Orbitz common stock outstanding as of the purchase date, as well as the settlement of $432 million of pre-existing Orbitz debt at the closing of the acquisition. Purchase consideration also included $17 million for certain employee restricted stock unit awards of Orbitz, measured at fair value on the acquisition date and vested based on pre-combination service, which were replaced with Expedia restricted stock awards in conjunction with the acquisition. The fair value of these awards, which was attributable to post-combination service, was $53 million, of which $30 million was recognized during the third quarter of 2015 and $23 million will be recognized over the requisite remaining service period of approximately 2.6 years from the date of acquisition. Due to the limited amount of time since the acquisition of Orbitz, the purchase price allocation was based on a preliminary valuation of the assets acquired and liabilities assumed and is subject to revision as more detailed analyses are completed and additional information about the fair value of assets acquired and liabilities assumed become available. The final allocation may include changes to the amount of intangible assets, goodwill, deferred taxes, accounts receivable, loyalty liabilities and other current liabilities as well as other items. The following summarizes the preliminary allocation of the purchase price for Orbitz, in thousands: Cash consideration for shares $ 1,364,576 Repayment of Orbitz debt 432,231 Replacement restricted stock units attributable to pre-acquisition service 16,717 Total purchase consideration $ 1,813,524 Cash $ 194,515 Accounts receivable, net (1) 151,686 Other current assets 32,550 Long-term assets 119,515 Intangible assets with definite lives (2) 483,639 Intangible assets with indefinite lives (3) 190,900 Goodwill 1,424,903 Current liabilities (619,499 ) Other long-term liabilities (57,287 ) Deferred tax liabilities, net (107,398 ) Total $ 1,813,524 (1) Gross accounts receivable was $160 million, of which $8 million is estimated to be uncollectible. (2) Acquired definite-lived intangible assets primarily consist of customer relationship assets, developed technology assets and partner relationship assets with average lives ranging from less than one to ten years. (3) Acquired indefinite-lived intangible assets primarily consist of trade names and trademarks. The goodwill of $1.4 billion is primarily attributable to operating synergies and is not expected to be deductible for tax purposes. The assignment of goodwill to reporting units was not completed as of the date the financial statements were issued. Orbitz was consolidated into our financial statements starting on the acquisition date and we have recognized a related $19 million in revenue and $86 million in operating losses for the three and nine months ended September 30, 2015. Supplemental information on an unaudited pro forma basis, as if the Orbitz acquisition had been consummated on January 1, 2014, is presented as follows, in thousands: Nine months ended 2015 2014 Revenue $ 5,643,060 $ 5,102,541 Net income attributable to Expedia, Inc. 848,342 300,083 The pro forma results are not necessarily indicative of our consolidated results of operations in future periods or the results that actually would have been realized had the companies operated on a combined basis during the periods presented. The pro forma results include adjustments primarily related to amortization of acquired intangibles, depreciation of fixed assets, certain accounting policy alignments as well as direct and incremental acquisition related costs reflected in the historical financial statements. The preliminary purchase price allocation was used to prepare the pro forma adjustments. The final allocation could differ materially from the preliminary allocation used in the pro forma adjustments. In connection with the merger, Orbitz incurred fees paid to financial advisors totaling approximately $25 million, which were contingent upon closing and were excluded from both Expedia’s consolidated statement of operations and the pre-combination financial statements of Orbitz. In addition, Orbitz offered certain employees a continuity incentive of approximately $30 million for continuing employment through the closing date and beyond. The first half of the incentives were contingent and paid upon the closing of the acquisition and thus were also excluded from both our consolidated statement of operations as well as the pre-combination financial statements of Orbitz. The second half of the incentive is payable 180 days after the closing (or upon involuntary termination, if applicable) and will be expensed to restructuring and related reorganization charges over the applicable service period. Other than costs mentioned above that were contingent upon closing, acquisition-related costs incurred by Expedia, which included legal, finance, consulting and other professional fees, were expensed as incurred within general and administrative expenses and were approximately $6 million and $16 million for the three and nine months ended September 30, 2015. For information related to restructuring plans as a result of the merger, see Note 11 — Restructuring and Related Reorganization Charges. For information related to claims, proceedings and inquiries related to hotel occupancy and other taxes for Orbitz, see Note 14 — Commitments and Contingencies. Other Acquisitions. On January 23, 2015, we acquired the Travelocity brand and other associated assets from Sabre for $280 million in cash consideration. As a result of the asset acquisition, the strategic marketing and other related agreements were terminated. In conjunction with the acquisition, we did not acquire any cash or working capital assets or assume any liabilities. In addition, we completed three other acquisitions during the nine months ended September 30, 2015 for a total purchase price of $9 million. The following summarizes the allocation of the purchase price for the 2015 acquisitions, excluding Orbitz, in thousands: Goodwill $ 196,431 Intangible assets with indefinite lives 163,400 Intangible assets with definite lives (1) 146,126 Net assets and non-controlling interests acquired (2) (23,366 ) Deferred tax liabilities (7,910 ) Total (3) $ 474,681 (1) Acquired definite-lived intangible assets primarily consist of customer relationship, reacquired right and supplier relationship assets and have estimated useful lives of between 4 and 10 years with a weighted average life of 5.8 years. (2) Includes cash acquired of $41 million. (3) The total purchase price includes noncash consideration of $99 million related to an equity method investment, which is currently consolidated upon our acquisition of a controlling interest, as discussed above, with the remainder paid in cash during the period. The goodwill of $196 million is primarily attributable to operating synergies and $82 million is expected to be deductible for tax purposes with the remainder not expected to be deductible. Business combination accounting is preliminary and subject to revision while we accumulate all relevant information regarding the fair values of the net assets acquired. The results of operations of the other acquired companies have been included in our consolidated results from the transaction closing dates forward. Pro forma results of operations have not been presented as such pro forma financial information would not be materially different from historical results. Other Investments.

Disposition of Business

Disposition of Business	9 Months Ended
	Sep. 30, 2015
Disposition of Business	Note 4 – Disposition of Business On May 22, 2015, we completed the sale of our 62.4% ownership stake in eLong, Inc., which was previously a separate reportable segment, for approximately $671 million (or $666 million net of costs to sell and other transaction expenses) to several purchasers, including Ctrip.com International, Ltd. Of the total sales price, approximately $67 million was remitted directly to escrow for estimated tax obligations, and is recorded in prepaid and other current assets on our consolidated balance sheet as of September 30, 2015 and represents a noncash item in our consolidated statement of cash flows. As a result of the sale, we recognized a pre-tax gain of $509 million ($395 million after tax) during the nine months ended September 30, 2015 included in gain on sale of business in our consolidated statement of operations. The following table presents the carrying amounts of our eLong business immediately preceding the disposition on May 22, 2015, in thousands: Total current assets (1) $ 350,196 Total long-term assets 137,709 Total assets divested $ 487,905 Total current liabilities $ 187,296 Total long-term liabilities 5,782 Total liabilities divested $ 193,078 Components of accumulated other comprehensive income divested 45,259 Non-redeemable noncontrolling interest divested 92,550 Net carrying value divested $ 157,018 (1) Includes cash and cash equivalents of approximately $74 million. We evaluated the disposition of eLong and determined it did not meet the “major effect” criteria for classification as a discontinued operation largely due to how recently it began having material impacts to our quarterly consolidated operating and net income. However, we determined that the disposition does represent an individually significant component of our business. The following table presents certain amounts related to eLong in our consolidated results of operations through its disposal on May 22, 2015: Three months ended Nine months ended 2015 2014 2015 2014 (In thousands) Operating income (loss) (1) $ — $ (12,873 ) $ (85,536 ) $ (20,439 ) Income (loss) before taxes (2) — (10,546 ) 438,843 (10,934 ) Income (loss) before taxes attributable to Expedia, Inc. (2) — (7,018 ) 465,400 (7,216 ) Net income (loss) attributable to Expedia, Inc. (3) — (6,215 ) 349,183 (6,588 ) (1) Includes stock-based compensation and amortization of intangible assets of approximately $5 million for the three months ended September 30, 2014 and $20 million and $16 million for the nine months ended September 30, 2015 and 2014, which are included within Corporate & Eliminations in Note 15 – Segment Information. (2) The nine months ended September 30, 2015 includes the pre-tax gain of $509 million related to the gain on sale. (3) The nine months ended September 30, 2015 includes the after-tax gain of $395 million related to the gain on sale.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2015
Fair Value Measurements	Note 5 – Fair Value Measurements Financial assets measured at fair value on a recurring basis as of September 30, 2015 are classified using the fair value hierarchy in the table below: Total Level 1 Level 2 (In thousands) Assets Cash equivalents: Money market funds $ 160,028 $ 160,028 $ — Time deposits 15,263 — 15,263 Derivatives: Foreign currency forward contracts 15,876 — 15,876 Investments: Corporate debt securities 111,558 — 111,558 Total $ 302,725 $ 160,028 $ 142,697 Financial assets measured at fair value on a recurring basis as of December 31, 2014 are classified using the fair value hierarchy in the table below: Total Level 1 Level 2 (In thousands) Assets Cash equivalents: Money market funds $ 161,059 $ 161,059 $ — Time deposits 298,968 — 298,968 Restricted cash: Time deposits 19,980 — 19,980 Derivatives: Foreign currency forward contracts 9,176 — 9,176 Investments: Time deposits 312,762 — 312,762 Corporate debt securities 142,575 — 142,575 Total $ 944,520 $ 161,059 $ 783,461 We classify our cash equivalents and investments within Level 1 and Level 2 as we value our cash equivalents and investments using quoted market prices or alternative pricing sources and models utilizing market observable inputs. Valuation of the foreign currency forward contracts is based on foreign currency exchange rates in active markets, a Level 2 input. As of September 30, 2015 and December 31, 2014, our cash and cash equivalents consisted primarily of prime institutional money market funds with maturities of three months or less, time deposits as well as bank account balances. We invest in investment grade corporate debt securities, all of which are classified as available for sale. As of September 30, 2015, we had $35 million of short-term and $76 million of long-term available for sale investments and the amortized cost basis of the investments approximated their fair value with gross unrealized gains and gross unrealized losses both of less than $1 million. As of December 31, 2014, we had $43 million of short-term and $100 million of long-term available for sale investments and the amortized cost basis of the investments approximated their fair value with both gross unrealized gains and gross unrealized losses of less than $1 million. We also hold time deposit investments with financial institutions. Time deposits with original maturities of less than three months are classified as cash equivalents and those with remaining maturities of less than one year are classified within short-term investments. Of the total time deposits, $261 million as of December 31, 2014 related to balances held by our majority-owned subsidiaries. Derivative instruments are carried at fair value on our consolidated balance sheets. We use foreign currency forward contracts to economically hedge certain merchant revenue exposures and in lieu of holding certain foreign currency cash for the purpose of economically hedging our foreign currency-denominated operating liabilities. Our goal in managing our foreign exchange risk is to reduce, to the extent practicable, our potential exposure to the changes that exchange rates might have on our earnings, cash flows and financial position. Our foreign currency forward contracts are typically short-term and, as they do not qualify for hedge accounting treatment, we classify the changes in their fair value in other, net. As of September 30, 2015, we were party to outstanding forward contracts hedging our liability and revenue exposures with a total net notional value of $2.1 billion. We had a net forward asset of $16 million and $9 million as of September 30, 2015 and December 31, 2014 recorded in prepaid expenses and other current assets. We recorded $32 million and $18 million in net gains from foreign currency forward contracts during the three months ended September 30, 2015 and 2014, and $47 million and $2 million in net gains during the nine months ended September 30, 2015 and 2014.

Property and Equipment, Net

Property and Equipment, Net	9 Months Ended
	Sep. 30, 2015
Property and Equipment, Net	Note 6 – Property and Equipment, Net On April 30, 2015, we acquired our future corporate headquarters for $229 million, consisting of multiple office and lab buildings located in Seattle, Washington (the “Property”) from Immunex Corporation (“Immunex”), a wholly owned subsidiary of Amgen, Inc., pursuant to a purchase and sale agreement with Immunex. The acquired building assets are included in construction in process and will begin depreciating when the costs incurred related to the build out of the headquarters are complete and the building assets are ready for their intended use.

Debt

Debt	9 Months Ended
	Sep. 30, 2015
Debt	Note 7 – Debt The following table sets forth our outstanding debt: September 30, December 31, (In thousands) 7.456% senior notes due 2018 $ 500,000 $ 500,000 5.95% senior notes due 2020, net of discount 749,541 749,485 4.5% senior notes due 2024, net of discount 497,475 497,302 2.5% (€650 million) senior notes due 2022, net of discount 728,409 — Long-term debt $ 2,475,425 $ 1,746,787 Long-term Debt Our $500 million in registered senior unsecured notes outstanding at September 30, 2015 are due in August 2018 and bear interest at 7.456% (the “7.456% Notes”). Interest is payable semi-annually in February and August of each year. At any time Expedia may redeem the 7.456% Notes at a redemption price of 100% of the principal plus accrued interest, plus a “make-whole” premium, in whole or in part. Our $750 million in registered senior unsecured notes outstanding at September 30, 2015 are due in August 2020 and bear interest at 5.95% (the “5.95% Notes”). The 5.95% Notes were issued at 99.893% of par resulting in a discount, which is being amortized over their life. Interest is payable semi-annually in February and August of each year. We may redeem the 5.95% Notes at a redemption price of 100% of the principal plus accrued interest, plus a “make-whole” premium, in whole or in part. Our $500 million in registered senior unsecured notes outstanding at September 30, 2015 are due in August 2024 and bear interest at 4.5% (the “4.5% Notes”). The 4.5% Notes were issued at 99.444% of par resulting in a discount, which is being amortized over their life. Interest is payable semi-annually in February and August of each year, beginning February 15, 2015. We may redeem the 4.5% Notes at our option at any time in whole or from time to time in part. If we elect to redeem the 4.5% Notes prior to May 15, 2024, we may redeem them at a redemption price of 100% of the principal plus accrued interest, plus a “make-whole” premium. If we elect to redeem the 4.5% Notes on or after May 15, 2024, we may redeem them at a redemption price of 100% of the principal plus accrued interest. In June 2015, we issued Euro 650 million of registered senior unsecured notes that are due in June 2022 and bear interest at 2.5% (the “2.5% Notes”). The 2.5% Notes were issued at 99.525% of par resulting in a discount, which is being amortized over their life. Interest is payable annually in arrears in June of each year, beginning June 3, 2016. We may redeem the 2.5% Notes at our option, at whole or in part, at any time or from time to time. If we elect to redeem the 2.5% Notes prior to March 3, 2022, we may redeem them at a specified “make-whole” premium. If we elect to redeem the 2.5% Notes on or after March 3, 2022, we may redeem them at a redemption price of 100% of the principal plus accrued and unpaid interest. Subject to certain limited exceptions, all payments of interest and principal for the 2.5% Notes will be made in Euros. The aggregate principal value of the 2.5% Notes is designated as a hedge of our net investment in certain Euro functional currency subsidiaries. The notes are measured at Euro to U.S. Dollar exchange rates at each balance sheet date and transaction gains or losses due to changes in rates are recorded in accumulated other comprehensive income (loss). The Euro-denominated net assets of these subsidiaries are translated into U.S. Dollars at each balance sheet date, with effects of foreign currency changes also reported in accumulated other comprehensive income (loss). Since the notional amount of the recorded Euro-denominated debt is less than the notional amount of our net investment, we do not expect to incur any ineffectiveness on this hedge. The 7.456%, 5.95%, 4.5% and 2.5% Notes (collectively the “Notes”) are senior unsecured obligations issued by Expedia and guaranteed by certain domestic Expedia subsidiaries. The Notes rank equally in right of payment with all of our existing and future unsecured and unsubordinated obligations of Expedia and the guarantor subsidiaries. For further information, see Note 16 — Guarantor and Non-Guarantor Supplemental Financial Information. In addition, the Notes include covenants that limit our ability to (i) create certain liens, (ii) enter into sale/leaseback transactions and (iii) merge or consolidate with or into another entity or transfer substantially all of our assets. Accrued interest related to the Notes was $19 million and $39 million as of September 30, 2015 and December 31, 2014. The 5.95%, 4.5% and 2.5% Notes are redeemable in whole or in part, at the option of the holders thereof, upon the occurrence of certain change of control triggering events at a purchase price in cash equal to 101% of the principal plus accrued and unpaid interest. The approximate fair value of 7.456% Notes was $566 million and $581 million as of September 30, 2015 and December 31, 2014. The approximate fair value of 5.95% Notes was $835 million and $840 million as of September 30, 2015 and December 31, 2014. The approximate fair value of 4.5% Notes was $500 million and $504 million as of September 30, 2015 and December 31, 2014. The approximate fair value of 2.5% Notes was Euro 637 million ($717 million) as of September 30, 2015. These fair values were based on quoted market prices in less active markets (Level 2 inputs). Credit Facility Expedia, Inc. maintains a $1 billion unsecured revolving credit facility with a group of lenders, which is unconditionally guaranteed by certain domestic Expedia subsidiaries that are the same as under the Notes, that expires in September 2019. As of September 30, 2015 and December 31, 2014, we had no revolving credit facility borrowings outstanding. The facility bears interest based on the Company’s credit ratings, with drawn amounts bearing interest at LIBOR plus 150 basis points and the commitment fee on undrawn amounts at 20 basis points as of September 30, 2015. The facility contains covenants including maximum leverage and minimum interest coverage ratios. The amount of stand-by letters of credit (“LOC”) issued under the facility reduces the credit amount available. As of September 30, 2015 and December 31, 2014, there was $13 million and $15 million of outstanding stand-by LOCs issued under the facility. In addition, one of our international subsidiaries maintains a Euro 50 million uncommitted credit facility, which is guaranteed by Expedia, Inc., that may be terminated at any time by the lender. As of September 30, 2015, we had Euro 20 million in borrowings outstanding included in accrued expenses and other current liabilities on the consolidated balance sheet. As of December 31, 2014, we had no borrowings outstanding.

Redeemable Noncontrolling Inter

Redeemable Noncontrolling Interests	9 Months Ended
	Sep. 30, 2015
Redeemable Noncontrolling Interests	Note 8 – Redeemable Noncontrolling Interests We have noncontrolling interests in a majority owned entity, which is carried at fair market value as the noncontrolling interests contain certain rights, whereby we may acquire and the minority shareholders may sell to us up to 50% and 100% of the minority shares of the company at fair value during the first quarter of 2016 and 2018, respectively. As the noncontrolling interest is redeemable at the option of the minority holders, we classified the balance as redeemable noncontrolling interest with future changes in the fair value above the initial basis recorded as charges or credits to retained earnings (or additional paid-in capital in absence of retained earnings). The put/call arrangement includes certain rollover provisions that, if triggered, would cause the minority shares to be treated as though they become mandatorily redeemable, and to be reclassified as a liability at the time such trigger becomes certain to occur. A reconciliation of redeemable noncontrolling interest is as follows, in thousands: Nine months ended 2015 Balance, beginning of the period $ 560,073 Net loss attributable to noncontrolling interests (14,911 ) Fair value adjustments 74,226 Currency translation adjustments and other (51,908 ) Balance, end of period $ 567,480 The fair value of the redeemable noncontrolling interest was determined based on a blended analysis of the present value of future discounted cash flows and market value approach (“Level 3” on the fair value hierarchy). Our significant estimates in the discounted cash flow model include our weighted average cost of capital as well as long-term growth and profitability of the business. Our significant estimates in the market value approach include identifying similar companies with comparable business factors and assessing comparable revenue and operating multiples in estimating the fair value of the business.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2015
Stockholders' Equity	Note 9 – Stockholders’ Equity Dividends on our Common Stock The Executive Committee, acting on behalf of the Board of Directors, declared the following dividends during the periods presented: Declaration Date Dividend Record Date Total Amount Payment Date Nine months ended September 30, 2015: February 4, 2015 $ 0.18 March 10, 2015 $ 22,895 March 26, 2015 April 29, 2015 0.18 May 28, 2015 23,096 June 18, 2015 July 29, 2015 0.24 August 27, 2015 31,182 September 17, 2015 Nine months ended September 30, 2014: February 5, 2014 $ 0.15 March 10, 2014 $ 19,602 March 27, 2014 April 30, 2014 0.15 May 30, 2014 19,231 June 19, 2014 July 30, 2014 0.18 August 27, 2014 22,944 September 17, 2014 In addition, on October 29, 2015, the Executive Committee, acting on behalf of the Board of Directors, declared a quarterly cash dividend of $0.24 per share of outstanding common stock payable on December 10, 2015 to stockholders of record as of the close of business on November 19, 2015. Future declarations of dividends are subject to final determination by our Board of Directors. Share Repurchases In April 2012, the Executive Committee, acting on behalf of the Board of Directors, authorized a repurchase of up to 20 million outstanding shares of our common stock. In February 2015, the Executive Committee, acting on behalf of the Board of Directors, authorized an additional repurchase of up to 10 million shares of our common stock. There is no fixed termination date for the repurchases. During the nine months ended September 30, 2015, we repurchased, through open market transactions, 0.5 million shares under this authorization for a total cost of $45 million, excluding transaction costs, representing an average repurchase price of $85.27 per share. As of September 30, 2015, 11.2 million shares remain authorized for repurchase under the 2012 and 2015 authorizations. Other Share Activity During the nine months ended September 30, 2015, we issued 264,841 shares of common stock from treasury stock to Liberty Interactive Corporation (“Liberty”) at a price per share of $85.24 and an aggregate value of approximately $23 million pursuant to and in accordance with the preemptive rights as detailed by the Amended and Restated Governance Agreement with Liberty dated as of December 20, 2011. During the nine months ended September 30, 2015, our Chairman and Senior Executive exercised options to purchase 1.9 million shares. 0.5 million shares were withheld and concurrently cancelled by the Company to cover the weighted average exercise price of $30.38 per share and 0.8 million shares were withheld and concurrently cancelled to cover tax obligations, with a net delivery of 0.6 million shares. Accumulated Other Comprehensive Loss The balance for each class of accumulated other comprehensive loss as of September 30, 2015 and December 31, 2014 is as follows: September 30, December 31, (In thousands) Foreign currency translation adjustments, net of tax (1) $ (284,418 ) $ (138,715 ) Net unrealized gain (loss) on available for sale securities, net of tax 172 (59 ) Accumulated other comprehensive loss $ (284,246 ) $ (138,774 ) (1) Foreign currency translation adjustments, net of tax, includes foreign currency transaction losses at September 30, 2015 of $15 million ($23 million before tax) associated with our 2.5% Notes. The 2.5% Notes are Euro-denominated debt designated as hedges of certain of our Euro-denominated net assets. See Note 7 – Debt for more information. The remaining balance in currency translation adjustments excludes income taxes as a result of our current intention to indefinitely reinvest the earnings of our international subsidiaries outside of the United States.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2015
Earnings Per Share	Note 10 – Earnings Per Share The following table presents our basic and diluted earnings per share: Three months ended Nine months ended 2015 2014 2015 2014 (In thousands, except per share data) Net income attributable to Expedia, Inc. $ 283,216 $ 257,059 $ 777,003 $ 332,128 Earnings per share attributable to Expedia, Inc. available to common stockholders: Basic $ 2.18 $ 2.01 $ 6.03 $ 2.57 Diluted 2.12 1.94 5.86 2.48 Weighted average number of shares outstanding: Basic 129,989 127,911 128,822 129,326 Dilutive effect of: Options to purchase common stock 3,287 4,269 3,656 4,247 Other dilutive securities 141 94 124 110 Diluted 133,417 132,274 132,602 133,683 Basic earnings per share is calculated using our weighted-average outstanding common shares. The earnings per share amounts are the same for common stock and Class B common stock because the holders of each class are legally entitled to equal per share distributions whether through dividends or in liquidation. Diluted earnings per share is calculated using our weighted-average outstanding common shares including the dilutive effect of stock awards as determined under the treasury stock method. In periods when we recognize a net loss, we exclude the impact of outstanding stock awards from the diluted loss per share calculation as their inclusion would have an antidilutive effect. For the three and nine months ended September 30, 2015, approximately 7 million of outstanding stock awards for all periods have been excluded from the calculations of diluted earnings (loss) per share attributable to common stockholders because their effect would have been antidilutive. For the three and nine months ended September 30, 2014, approximately 4 million of outstanding stock awards for all periods have been excluded from the calculations of diluted earnings (loss) per share attributable to common stockholders because their effect would have been antidilutive.

Restructuring and Related Reorg

Restructuring and Related Reorganization Charges	9 Months Ended
	Sep. 30, 2015
Restructuring and Related Reorganization Charges	Note 11 – Restructuring and Related Reorganization Charges In connection with the migration of technology platforms and centralization of technology, supply and other operations, primarily related to acquisition integrations including Orbitz and the Wotif Group, we recognized $72 million and $82 million in restructuring and related reorganization charges during the three and nine months ended September 30, 2015 as well as $26 million during the fourth quarter ended December 31, 2014. The third quarter of 2015 charges were primarily related to employee severance and benefits related to the Orbitz integration and represent estimated severance amounts under pre-existing written plans and contracts Orbitz had with its employees, as well as stock-compensation charges for acceleration of replacement awards pursuant to certain of these agreements. We expect to incur approximately $20 million to $30 million of restructuring charges for the fourth quarter of 2015 and approximately $40 million to $50 million in 2016 related to these integrations, which includes $5 million for our estimate of accelerated stock-based compensation for each period. The following table summarizes the restructuring and related reorganization activity for the nine months ended September 30, 2015: Employee Stock-based Other Total (In thousands) Accrued liability as of January 1, 2015 $ 10,117 $ — $ 13,658 $ 23,775 Charges 50,004 29,230 2,767 82,001 Payments (11,997 ) — (15,217 ) (27,214 ) Non-cash items (1,060 ) (29,230 ) 6 (30,284 ) Accrued liability as of September 30, 2015 $ 47,064 $ — $ 1,214 $ 48,278 The majority of the other activity in the above table relates to Australian stamp duty tax that was paid to certain Australian jurisdictions related to business restructuring events.

Other, net

Other, net	9 Months Ended
	Sep. 30, 2015
Other, net	Note 12 – Other, net The following table presents the components of other, net: Three months ended Nine months ended 2015 2014 2015 2014 (In thousands) Foreign exchange rate gains (losses), net $ 26,158 $ 7,164 $ 25,229 $ (10,584 ) Noncontrolling investment basis adjustment — — 77,400 — Other 125 3,008 11,732 13,098 Total $ 26,283 $ 10,172 $ 114,361 $ 2,514

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2015
Income Taxes	Note 13 – Income Taxes We determine our provision for income taxes for interim periods using an estimate of our annual effective tax rate. We record any changes affecting the estimated annual tax rate in the interim period in which the change occurs, including discrete tax items. Our effective tax rate was 19.3% and 13.4% for the three months ended September 30, 2015 and 2014, and 21.1% and 15.9% for the nine months ended September 30, 2015 and 2014. The change in the effective tax rate for the three months ended September 30, 2015 compared to the same period in 2014 is due to expiration of the statute of limitations for the 2001 – 2005 federal income tax years and the associated release of liabilities related to uncertain tax positions in 2014. The change in effective tax rate for the nine months ended September 30, 2015 compared to the same period in 2014 is due to the gain on the sale of eLong during 2015, and the release of liabilities related to uncertain tax positions in 2014.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2015
Commitments and Contingencies	Note 14 – Commitments and Contingencies Legal Proceedings In the ordinary course of business, we are a party to various lawsuits. Management does not expect these lawsuits to have a material impact on the liquidity, results of operations, or financial condition of Expedia. We also evaluate other potential contingent matters, including value-added tax, excise tax, transient occupancy or accommodation tax and similar matters. In addition, we assumed liability for ongoing lawsuits involving Orbitz Worldwide, Inc. and its subsidiaries in connection with our acquisition of Orbitz on September 17, 2015. We do not believe that the aggregate amount of liability that could be reasonably possible with respect to these matters would have a material adverse effect on our financial results; however, litigation is inherently uncertain and the actual losses incurred in the event that our legal proceedings were to result in unfavorable outcomes could have a material adverse effect on our business and financial performance. Litigation Relating to Hotel Occupancy Taxes. Pay-to-Play. Hawaii (General Excise Tax). In addition to the above assessment, the Department of Taxation has issued final assessments for general excise taxes against Expedia companies, including Orbitz, for (i) non-commissioned hotel reservations for the tax year 2012 totaling $26 million, which includes $6 million for Orbitz, (ii) non-commissioned travel agency services relating to rental cars for the tax years 2000 through 2012 totaling $39 million, which includes $10 million for Orbitz and a duplicative assessment for Expedia and Hotels.com totaling $9.3 million and thus are overstated, and (iii) non-commissioned travel agency services relating to hotel reservations and car rental for the tax year 2013 totaling $34 million, which includes $5 million for Orbitz. Similar assessments also have been issued against other online travel companies. These assessments are currently under review in tax court and will be considered in light of the Hawaii Supreme Court decision issued on March 17, 2015. As a pre-condition to appealing the tax court rulings in the Hawaii excise tax proceedings, Expedia and Orbitz were required pay an amount equal to taxes, penalties and interest. During 2012, Expedia expensed $110 million, and during 2013, we expensed an additional $64 million for amounts required or expected to be paid prior to appealing the tax court’s ruling. The total amount that the Expedia companies paid in 2013 was $171 million, which is comprised of $78 million in taxes, $41 million in penalties and $52 million in interest. At a July 20, 2015 hearing to determine the amount of refund of prepaid pay-to-play amounts due to the online travel companies, the Hawaii tax court held that the State of Hawaii was required to refund the Expedia companies approximately $131 million and that the refund of an additional approximately $4 million would be subject to a further hearing. The State of Hawaii and Expedia agreed to a total refund of $132 million of prepaid pay-to-play amounts, which was subsequently paid to Expedia on September 23, 2015. We recognized a gain in legal reserves, occupancy tax and other during the three months ended September 30, 2015 related to this matter. On September 23, 2015, we received a similar refund for Orbitz of $22 million from the State of Hawaii. The amount paid, net of refunds, by the Expedia companies and Orbitz to the State of Hawaii in satisfaction of past general excise taxes on their services was $44 million. San Francisco. City of San Diego, California Litigation. Other Jurisdictions. The ultimate resolution of these contingencies may be greater or less than the pay-to-play payments made and our estimates of additional assessments mentioned above. During the nine months ended September 30, 2015, we recorded a $25 million benefit in legal reserves, occupancy tax and other for the recovery of costs related to occupancy tax litigation matters. Matters Relating to International VAT Matters Relating to Hotel Booking Practices In addition, the Directorate General for Competition, Consumer Affairs and Repression of Fraud (the “DGCCRF”), a directorate of the French Ministry of Economy and Finance with authority over unfair trading practices, brought a lawsuit in France against Expedia entities objecting to certain parity clauses in contracts between Expedia entities and French hotels. In May 2015, the French court ruled that certain of the parity provisions in certain contracts that were the subject of the lawsuit were not in compliance with French commercial law, but imposed no fine and no injunction. A number of competition authorities, such as those in Australia, Austria, Belgium, China, Czech Republic, Denmark, France, Germany, Greece, Hungary, Ireland, Italy, New Zealand, Poland, Sweden and Switzerland, have also inquired or initiated investigations into the travel industry and, in particular, in relation to parity provisions in contracts between hotels and online travel companies, including Expedia. On April 10, 2015, the Swiss competition authority issued a draft decision challenging certain parity provisions in agreements between Swiss hotels and each of Expedia, Booking.com and Hotel Reservation Service (“HRS”). The draft decision is not a final determination by the Swiss competition authority that Expedia has violated any competition laws and did not provide for fines. Expedia subsequently objected to the preliminary findings of the draft decision in writing and at an oral hearing, and the final decision of the Swiss Competition authority is still outstanding. While the ultimate outcomes of these lawsuits, inquiries or investigations are uncertain and our circumstances are distinguishable from those of other online travel agencies subject to similar lawsuits, inquiries or investigations, we note in this context that on April 21, 2015 the competition authorities in France, Italy and Sweden announced a proposed set of commitments offered by Booking.com to resolve the parity clause cases brought by these authorities against it. The German Federal Cartel Office (“FCO”) also has required another online travel company, HRS, to remove certain clauses from its contracts with hotels. HRS appealed this decision, which the Higher Regional Court Düsseldorf rejected on January 9, 2015. In addition, with effect from August 1, 2015, Expedia waived certain rate, conditions and availability parity clauses in its agreements with its European hotel partners for a period of five years. While Expedia maintains that its parity clauses have always been lawful and in compliance with competition law, Expedia considers that this waiver is a positive step towards facilitating the closure of the open investigations into such clauses on a harmonized pan-European basis. It is not certain what the outcome will be of the competition authorities’ assessment of Expedia’s announcement. Since Expedia’s waivers were implemented, the competition authorities in Denmark, United Kingdom, Greece, Norway, Sweden and Ireland have announced either the closure of their investigation against Expedia or a decision not to open an investigation against Expedia, in each case having had regard to the changes implemented by Expedia. On July 9, 2015, the French National Assembly adopted Article 133 of the Loi Macron (“Article 133”) that seeks to define the nature of the relationship between online reservation platforms and French hotels. Article 133 became effective on August 8, 2015. Expedia considers that Article 133 was drafted ambiguously and can be interpreted in a way that violates both European Union and French legal principles. Therefore Expedia has initiated a complaint with the European Commission relating to Article 133. However, following the effective date, Expedia has been in contact with its hotel partners in France regarding the impact of Article 133.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2015
Segment Information	Note 15 – Segment Information Beginning in the first quarter of 2015, we had four reportable segments: Core Online Travel Agencies (“Core OTA”), trivago, Egencia and eLong through its disposal on May 22, 2015. The change from two reportable segments, Leisure and Egencia, resulted in our previously disclosed Leisure reportable segment being disaggregated into three segments as a result of the Company’s focus on providing additional information to reflect the unique market opportunities and competitive dynamics inherent in our eLong and trivago businesses. Our Core OTA segment, which consists of the aggregation of operating segments, provides a full range of travel and advertising services to our worldwide customers through a variety of brands including: Expedia.com and Hotels.com in the United States and localized Expedia and Hotels.com websites throughout the world, Expedia Affiliate Network, Hotwire.com, Travelocity, Venere, Wotif Group, CarRentals.com, and Classic Vacations. The results of Orbitz Worldwide, Inc. were included in their entirety within our Core OTA segment for the three and nine months ended September 30, 2015. We expect to complete our alignment of the Orbitz businesses within our segment structure during the fourth quarter of 2015. Our trivago segment generates advertising revenue primarily from sending referrals to online travel companies and travel service providers from its hotel metasearch websites. Our Egencia segment provides managed travel services to corporate customers worldwide. Our eLong segment specialized in mobile and online travel services in China. We determined our operating segments based on how our chief operating decision makers manage our business, make operating decisions and evaluate operating performance. Our primary operating metric is adjusted EBITDA. Adjusted EBITDA for our Core OTA and Egencia segments includes allocations of certain expenses, primarily cost of revenue and facilities, and our Core OTA segment includes the total costs of our global supply organizations as well as the realized foreign currency gains or losses related to the forward contracts hedging a component of our net merchant hotel revenue. We base the allocations primarily on transaction volumes and other usage metrics. We do not allocate certain shared expenses such as accounting, human resources, information technology and legal to our reportable segments. We include these expenses in Corporate and Eliminations. Our allocation methodology is periodically evaluated and may change. Our segment disclosure includes intersegment revenues, which primarily consist of advertising and media services provided by our trivago segment to our Core OTA segment. These intersegment transactions are recorded by each segment at amounts that approximate fair value as if the transactions were between third parties, and therefore, impact segment performance. However, the revenue and corresponding expense are eliminated in consolidation. The elimination of such intersegment transactions is included within Corporate and Eliminations in the table below. Corporate and Eliminations also includes unallocated corporate functions and expenses. In addition, we record amortization of intangible assets and any related impairment, as well as stock-based compensation expense, restructuring and related reorganization charges, legal reserves, occupancy tax and other, and other items excluded from segment operating performance in Corporate and Eliminations. Such amounts are detailed in our segment reconciliation below. Included with eLong’s standalone financial statements for the three months ended September 30, 2014 was approximately $5 million of stock-based compensation and intangible amortization as well as $20 million and $16 million for the nine months ended September 30, 2015 and 2014. The following tables present our segment information for the three and nine months ended September 30, 2015 and 2014. 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, 2015 Core OTA trivago Egencia eLong Corporate & 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 income, 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 Three months ended September 30, 2014 Core OTA trivago Egencia eLong Corporate & Total (In thousands) Third-party revenue $ 1,477,145 $ 89,821 $ 96,667 $ 48,871 $ — $ 1,712,504 Intersegment revenue — 48,735 — — (48,735 ) — Revenue $ 1,477,145 $ 138,556 $ 96,667 $ 48,871 $ (48,735 ) $ 1,712,504 Adjusted EBITDA $ 500,513 $ 116 $ 16,037 $ (6,042 ) $ (101,554 ) $ 409,070 Depreciation (36,613 ) (380 ) (5,054 ) (1,729 ) (23,693 ) (67,469 ) Amortization of intangible assets — — — — (18,519 ) (18,519 ) Stock-based compensation — — — — (22,304 ) (22,304 ) Legal reserves, occupancy tax and other — — — — (3,888 ) (3,888 ) Realized (gain) loss on revenue hedges (54 ) — — — — (54 ) Operating income (loss) $ 463,846 $ (264 ) $ 10,983 $ (7,771 ) $ (169,958 ) 296,836 Other expense, net (7,311 ) Income before income taxes 289,525 Provision for income taxes (38,904 ) Net income 250,621 Net loss attributable to noncontrolling interests 6,438 Net income attributable to Expedia, Inc. $ 257,059 Nine months ended September 30, 2015 Core OTA trivago Egencia eLong (1) Corporate & 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 Nine months ended September 30, 2014 Core OTA trivago Egencia eLong Corporate & Total (In thousands) Third-party revenue $ 3,746,094 $ 220,835 $ 300,019 $ 140,559 $ — $ 4,407,507 Intersegment revenue — 105,502 — — (105,502 ) — Revenue $ 3,746,094 $ 326,337 $ 300,019 $ 140,559 $ (105,502 ) $ 4,407,507 Adjusted EBITDA $ 1,028,393 $ (10,344 ) $ 50,236 $ 217 $ (293,405 ) $ 775,097 Depreciation (101,823 ) (950 ) (14,747 ) (4,840 ) (72,801 ) (195,161 ) Amortization of intangible assets — — — — (55,275 ) (55,275 ) Stock-based compensation — — — — (68,139 ) (68,139 ) Legal reserves, occupancy tax and other — — — — (38,843 ) (38,843 ) Realized (gain) loss on revenue hedges 5,379 — — — — 5,379 Operating income (loss) $ 931,949 $ (11,294 ) $ 35,489 $ (4,623 ) $ (528,463 ) 423,058 Other expense, net (46,413 ) Income before income taxes 376,645 Provision for income taxes (59,974 ) Net income 316,671 Net loss attributable to noncontrolling interests 15,457 Net income attributable to Expedia, Inc. $ 332,128 (1) Includes results through our disposal of eLong on May 22, 2015.

Guarantor and Non-Guarantor Sup

Guarantor and Non-Guarantor Supplemental Financial Information	9 Months Ended
	Sep. 30, 2015
Guarantor and Non-Guarantor Supplemental Financial Information	Note 16 – Guarantor and Non-Guarantor Supplemental Financial Information Condensed consolidating financial information of Expedia, Inc. (the “Parent”), our subsidiaries that are guarantors of our debt facility and instruments (the “Guarantor Subsidiaries”), and our subsidiaries that are not guarantors of our debt facility and instruments (the “Non-Guarantor Subsidiaries”) is shown below. The debt facility and instruments are guaranteed by certain of our wholly-owned domestic subsidiaries and rank equally in right of payment with all of our existing and future unsecured and unsubordinated obligations. The guarantees are full, unconditional, and joint and several with the exception of certain customary automatic subsidiary release provisions. In this financial information, the Parent and Guarantor Subsidiaries account for investments in their wholly-owned subsidiaries using the equity method. CONDENSED CONSOLIDATING STATEMENT OF OPERATION Three months ended September 30, 2015 Parent Guarantor Non-Guarantor Eliminations Consolidated (In thousands) Revenue $ — $ 1,505,178 $ 500,625 $ (68,050 ) $ 1,937,753 Costs and expenses: Cost of revenue — 263,990 67,155 (3,079 ) 328,066 Selling and marketing — 665,577 342,864 (65,152 ) 943,289 Technology and content — 143,209 59,422 72 202,703 General and administrative — 87,240 42,819 109 130,168 Amortization of intangible assets — 9,822 21,578 — 31,400 Legal reserves, occupancy tax and other — (114,550 ) — — (114,550 ) Restructuring and related reorganization charges — 70,699 980 — 71,679 Intercompany (income) expense, net — 198,094 (198,094 ) — — Operating income (loss) — 181,097 163,901 — 344,998 Other income (expense): Equity in pre-tax earnings of consolidated subsidiaries 302,954 210,173 — (513,127 ) — Other, net (31,304 ) 34,669 (6,176 ) — (2,811 ) Total other income (expense), net 271,650 244,842 (6,176 ) (513,127 ) (2,811 ) Income before income taxes 271,650 425,939 157,725 (513,127 ) 342,187 Provision for income taxes 11,566 (120,387 ) 42,871 — (65,950 ) Net income 283,216 305,552 200,596 (513,127 ) 276,237 Net loss attributable to noncontrolling interests — — 6,979 — 6,979 Net income attributable to Expedia, Inc. $ 283,216 $ 305,552 $ 207,575 $ (513,127 ) $ 283,216 Comprehensive income attributable to Expedia, Inc. $ 281,516 $ 305,560 $ 181,712 $ (513,127 ) $ 255,661 CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS Three months ended September 30, 2014 Parent Guarantor Non-Guarantor Eliminations Consolidated (In thousands) Revenue $ — $ 1,326,985 $ 429,197 $ (43,678 ) $ 1,712,504 Costs and expenses: Cost of revenue — 229,453 68,283 1,972 299,708 Selling and marketing — 556,757 304,832 (45,789 ) 815,800 Technology and content — 117,933 54,693 128 172,754 General and administrative — 64,266 40,722 11 104,999 Amortization of intangible assets — 455 18,064 — 18,519 Legal reserves, occupancy tax and other — 3,888 — — 3,888 Intercompany (income) expense, net — 202,262 (202,262 ) — — Operating income — 151,971 144,865 — 296,836 Other income (expense): Equity in pre-tax earnings of consolidated subsidiaries 271,928 158,612 — (430,540 ) — Other, net (23,582 ) 44,543 (28,272 ) — (7,311 ) Total other income (expense), net 248,346 203,155 (28,272 ) (430,540 ) (7,311 ) Income before income taxes 248,346 355,126 116,593 (430,540 ) 289,525 Provision for income taxes 8,713 (80,882 ) 33,265 — (38,904 ) Net income 257,059 274,244 149,858 (430,540 ) 250,621 Discontinued operations, net of taxes — — — — — Net income (loss) 257,059 274,244 149,858 (430,540 ) 250,621 Net loss attributable to noncontrolling interests — — 6,438 — 6,438 Net income attributable to Expedia, Inc. $ 257,059 $ 274,244 $ 156,296 $ (430,540 ) $ 257,059 Comprehensive income attributable to Expedia, Inc. $ 257,059 $ 274,084 $ 99,616 $ (430,540 ) $ 200,219 CONDENSED CONSOLIDATING STATEMENT OF OPERATION Nine months ended September 30, 2015 Parent Guarantor Non-Guarantor (1) Eliminations Consolidated (In thousands) Revenue $ — $ 3,855,338 $ 1,281,688 $ (163,276 ) $ 4,973,750 Costs and expenses: Cost of revenue — 746,928 230,706 (6,568 ) 971,066 Selling and marketing — 1,788,957 960,444 (157,251 ) 2,592,150 Technology and content — 401,725 177,828 121 579,674 General and administrative — 239,110 148,427 422 387,959 Amortization of intangible assets — 14,298 69,024 — 83,322 Legal reserves, occupancy tax and other — (106,511 ) — — (106,511 ) Restructuring and related reorganization charges — 70,830 11,171 — 82,001 Intercompany (income) expense, net — 557,940 (557,940 ) — — Operating income (loss) — 142,061 242,028 — 384,089 Other income (expense): Equity in pre-tax earnings of consolidated subsidiaries 831,017 806,988 — (1,638,005 ) — Other, net (85,669 ) 62,208 571,267 — 547,806 Total other income (expense), net 745,348 869,196 571,267 (1,638,005 ) 547,806 Income before income taxes 745,348 1,011,257 813,295 (1,638,005 ) 931,895 Provision for income taxes 31,655 (172,858 ) (55,058 ) — (196,261 ) Net income 777,003 838,399 758,237 (1,638,005 ) 735,634 Net loss attributable to noncontrolling interests — — 41,369 — 41,369 Net income attributable to Expedia, Inc. $ 777,003 $ 838,399 $ 799,606 $ (1,638,005 ) $ 777,003 Comprehensive income attributable to Expedia, Inc. $ 762,583 $ 814,362 $ 692,590 $ (1,638,005 ) $ 631,530 (1) Includes results through our disposal of eLong on May 22, 2015. CONDENSED CONSOLIDATING STATEMENT OF OPERATION Nine months ended September 30, 2014 Parent Guarantor Non-Guarantor Eliminations Consolidated (In thousands) Revenue $ — $ 3,442,808 $ 1,063,992 $ (99,293 ) $ 4,407,507 Costs and expenses: Cost of revenue — 697,059 193,209 4,560 894,828 Selling and marketing — 1,483,710 804,435 (104,030 ) 2,184,115 Technology and content — 351,336 153,333 135 504,804 General and administrative — 182,407 124,135 42 306,584 Amortization of intangible assets — 1,392 53,883 — 55,275 Legal reserves, occupancy tax and other — 38,843 — — 38,843 Intercompany (income) expense, net — 561,806 (561,806 ) — — Operating income (loss) — 126,255 296,803 — 423,058 Other income (expense): Equity in pre-tax earnings of consolidated subsidiaries 373,081 291,048 — (664,129 ) — Other, net (64,953 ) 19,664 (1,124 ) — (46,413 ) Total other income (expense), net 308,128 310,712 (1,124 ) (664,129 ) (46,413 ) Income before income taxes 308,128 436,967 295,679 (664,129 ) 376,645 Provision for income taxes 24,000 (56,780 ) (27,194 ) — (59,974 ) Net income 332,128 380,187 268,485 (664,129 ) 316,671 Net loss attributable to noncontrolling interests — — 15,457 — 15,457 Net income attributable to Expedia, Inc. $ 332,128 $ 380,187 $ 283,942 $ (664,129 ) $ 332,128 Comprehensive income attributable to Expedia, Inc. $ 332,128 $ 380,334 $ 234,563 $ (664,129 ) $ 282,896 CONDENSED CONSOLIDATING BALANCE SHEET September 30, 2015 Parent Guarantor Non-Guarantor Eliminations Consolidated (In thousands) ASSETS Total current assets $ 220,857 $ 3,317,856 $ 1,169,969 $ (1,535,210 ) $ 3,173,472 Investment in subsidiaries 6,060,698 2,159,200 — (8,219,898 ) — Intangible assets, net — 1,527,390 595,380 — 2,122,770 Goodwill — 3,915,096 1,485,872 — 5,400,968 Other assets, net 10,287 1,385,095 351,462 (40,781 ) 1,706,063 TOTAL ASSETS $ 6,291,842 $ 12,304,637 $ 3,602,683 $ (9,795,889 ) $ 12,403,273 LIABILITIES AND STOCKHOLDERS’ EQUITY Total current liabilities $ 1,310,219 $ 5,500,799 $ 665,438 $ (1,535,210 ) $ 5,941,246 Long-term debt 2,475,425 — — — 2,475,425 Other liabilities — 714,211 239,494 (40,781 ) 912,924 Redeemable noncontrolling interests — — 567,480 — 567,480 Stockholders’ equity 2,506,198 6,089,627 2,130,271 (8,219,898 ) 2,506,198 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 6,291,842 $ 12,304,637 $ 3,602,683 $ (9,795,889 ) $ 12,403,273 CONDENSED CONSOLIDATING BALANCE SHEET December 31, 2014 Parent Guarantor Non-Guarantor Eliminations Consolidated (In thousands) ASSETS Total current assets $ 189,203 $ 3,938,831 $ 1,064,981 $ (2,268,526) $ 2,924,489 Investment in subsidiaries 4,689,302 1,338,089 — (6,027,391 ) — Intangible assets, net — 637,986 652,101 — 1,290,087 Goodwill — 2,436,533 1,519,368 — 3,955,901 Other assets, net 7,082 583,782 259,197 — 850,061 TOTAL ASSETS $ 4,885,587 $ 8,935,221 $ 3,495,647 $ (8,295,917) $ 9,020,538 LIABILITIES AND STOCKHOLDERS’ EQUITY Total current liabilities $ 1,245,071 $ 3,707,638 $ 1,502,432 $ (2,268,526) $ 4,186,615 Long-term debt 1,746,787 — — — 1,746,787 Other liabilities — 516,365 116,969 — 633,334 Redeemable noncontrolling interests — — 560,073 — 560,073 Stockholders’ equity 1,893,729 4,711,218 1,316,173 (6,027,391 ) 1,893,729 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 4,885,587 $ 8,935,221 $ 3,495,647 $ (8,295,917) $ 9,020,538 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS Nine months ended September 30, 2015 Parent Guarantor Non-Guarantor Consolidated (In thousands) Operating activities: Net cash provided by operating activities $ — $ 911,173 $ 630,353 $ 1,541,526 Investing activities: Capital expenditures, including internal-use software and website development — (570,619 ) (54,820 ) (625,439 ) Purchases of investments — (464,538 ) (47,791 ) (512,329 ) Sales and maturities of investments — 308,539 83,732 392,271 Acquisitions, net of cash acquired — (1,870,030 ) (63,791 ) (1,933,821 ) Proceeds from sale of business, net of cash divested and disposal costs — — 523,882 523,882 Other, net — 39,975 11,665 51,640 Net cash provided by (used in) investing activities — (2,556,673 ) 452,877 (2,103,796 ) Financing activities: Proceeds from issuance of long-term debt, net of debt issuance costs 700,454 — — 700,454 Purchases of treasury stock (48,694 ) — — (48,694 ) Issuance of treasury stock 22,575 — — 22,575 Proceeds from exercise of equity awards 82,108 — 1,190 83,298 Withholding taxes for stock option exercises (85,033 ) — — (85,033 ) Transfers (to) from related parties (679,700 ) 1,579,045 (899,345 ) — Other, net 8,290 23,196 20,722 52,208 Net cash provided by (used in) financing activities — 1,602,241 (877,433 ) 724,808 Effect of exchange rate changes on cash and cash equivalents — (70,026 ) (39,873 ) (109,899 ) Net increase in cash and cash equivalents — (113,285 ) 165,924 52,639 Cash and cash equivalents at beginning of period — 943,976 458,724 1,402,700 Cash and cash equivalents at end of period $ — $ 830,691 $ 624,648 $ 1,455,339 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS Nine months ended September 30, 2014 Parent Guarantor Non-Guarantor Consolidated (In thousands) Operating activities: Net cash provided by operating activities $ — $ 1,296,752 $ 270,050 $ 1,566,802 Investing activities: Capital expenditures, including internal-use software and website development — (201,544 ) (38,134 ) (239,678 ) Purchases of investments — (803,933 ) (240,732 ) (1,044,665 ) Sales and maturities of investments — 734,390 222,957 957,347 Acquisitions, net of cash acquired — — (25,177 ) (25,177 ) Other, net — (8,591 ) (488 ) (9,079 ) Net cash used in investing activities — (279,678 ) (81,574 ) (361,252 ) Financing activities: Proceeds from issuance of long-term debt, net of issuance costs 493,630 — — 493,630 Purchases of treasury stock (469,267 ) — — (469,267 ) Proceeds from exercise of equity awards 76,676 — 2,814 79,490 Transfers (to) from related parties (77,614 ) 211,438 (133,824 ) — Other, net (23,425 ) 1,548 (3,139 ) (25,016 ) Net cash provided by (used) in financing activities — 212,986 (134,149 ) 78,837 Effect of exchange rate changes on cash and cash equivalents — (26,616 ) (26,056 ) (52,672 ) Net increase in cash and cash equivalents — 1,203,444 28,271 1,231,715 Cash and cash equivalents at beginning of period — 606,683 414,350 1,021,033 Cash and cash equivalents at end of period $ — $ 1,810,127 $ 442,621 $ 2,252,748

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2015
Basis of Presentation	Basis of Presentation These accompanying financial statements present our results of operations, financial position and cash flows on a consolidated basis. The unaudited consolidated financial statements include Expedia, Inc., our wholly-owned subsidiaries, and entities we control, or in which we have a variable interest and are the primary beneficiary of expected cash profits or losses. We have eliminated significant intercompany transactions and accounts. We have prepared the accompanying unaudited consolidated financial statements in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial reporting. We have included all adjustments necessary for a fair presentation of the results of the interim period. These adjustments consist of normal recurring items. Our interim unaudited consolidated financial statements are not necessarily indicative of results that may be expected for any other interim period or for the full year. These interim unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements and related notes included in our Annual Report on Form 10-K for the year ended December 31, 2014, previously filed with the Securities and Exchange Commission.
Accounting Estimates	Accounting Estimates We use estimates and assumptions in the preparation of our interim unaudited consolidated financial statements in accordance with GAAP. Our estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of our interim unaudited consolidated financial statements. These estimates and assumptions also affect the reported amount of net income or loss during any period. Our actual financial results could differ significantly from these estimates. The significant estimates underlying our interim unaudited consolidated financial statements include revenue recognition; recoverability of current and long-lived assets, intangible assets and goodwill; income and transactional taxes, such as potential settlements related to occupancy and excise taxes; loss contingencies; loyalty program liabilities; redeemable noncontrolling interests; acquisition purchase price allocations; stock-based compensation and accounting for derivative instruments.
Reclassifications	Reclassifications We have reclassified certain amounts related to our prior period results to conform to our current period presentation. We also included a reclassification on our consolidated balance sheet as of December 31, 2014 to correct the immaterial presentation of cash dividends paid as a reduction to retained earnings to the extent the Company maintained retained earnings instead of additional paid-in capital.
Recently Adopted Accounting Policies	Recently Adopted Accounting Policies As of January 1, 2015, we adopted the Accounting Standard Update (“ASU”) amending the requirements for reporting discontinued operations, which may include a component of an entity or a group of components of an entity. The amendment limits discontinued operations reporting to disposals of components of an entity that represent strategic shifts that have, or will have, a major effect on an entity’s operations and financial results and it also requires expanded disclosures surrounding discontinued operations. Upon adoption, the standard impacted how we assess and report discontinued operations, including our divestiture of eLong during the second quarter of 2015 as disclosed below in Note 4 – Disposition of Business. In September 2015, the Financial Accounting Standards Board (“FASB”) issued an ASU that simplifies the accounting for measurement-period adjustments in a business combination. Under the ASU, an acquirer must recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined. The effect on earnings as a result of the change to the provisional amounts, calculated as if the accounting had been completed as of the acquisition date, must be recorded in the reporting period in which the adjustment amounts are determined rather than retrospectively. The guidance is effective for fiscal years beginning after December 15, 2015, including interim periods within those fiscal years with early adoption permitted for financial statements that have not been issued. We elected to early adopt for the current interim reporting period ending September 30, 2015.
Recent Accounting Policies Not Yet Adopted	Recent Accounting Policies Not Yet Adopted In May 2014, the FASB issued an ASU amending revenue recognition guidance and requiring more detailed disclosures to enable users of financial statements to understand the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. In August 2015, the FASB issued an ASU deferring the effective date of the revenue standard so it would be effective for annual and interim reporting periods beginning after December 15, 2017, with early adoption prohibited before December 15, 2016. We are in the process of evaluating the impact of the adoption of this new guidance on our consolidated financial statements. In April 2015, the FASB issued an ASU that requires debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The guidance is effective for annual and interim reporting periods beginning after December 15, 2015, but early adoption is permitted. We anticipate adopting this new guidance on January 1, 2016 with no material impact on our consolidated financial statements.
Fair Value Measurements	We classify our cash equivalents and investments within Level 1 and Level 2 as we value our cash equivalents and investments using quoted market prices or alternative pricing sources and models utilizing market observable inputs. Valuation of the foreign currency forward contracts is based on foreign currency exchange rates in active markets, a Level 2 input. As of September 30, 2015 and December 31, 2014, our cash and cash equivalents consisted primarily of prime institutional money market funds with maturities of three months or less, time deposits as well as bank account balances. We invest in investment grade corporate debt securities, all of which are classified as available for sale. As of September 30, 2015, we had $35 million of short-term and $76 million of long-term available for sale investments and the amortized cost basis of the investments approximated their fair value with gross unrealized gains and gross unrealized losses both of less than $1 million. As of December 31, 2014, we had $43 million of short-term and $100 million of long-term available for sale investments and the amortized cost basis of the investments approximated their fair value with both gross unrealized gains and gross unrealized losses of less than $1 million. We also hold time deposit investments with financial institutions. Time deposits with original maturities of less than three months are classified as cash equivalents and those with remaining maturities of less than one year are classified within short-term investments. Of the total time deposits, $261 million as of December 31, 2014 related to balances held by our majority-owned subsidiaries. Derivative instruments are carried at fair value on our consolidated balance sheets. We use foreign currency forward contracts to economically hedge certain merchant revenue exposures and in lieu of holding certain foreign currency cash for the purpose of economically hedging our foreign currency-denominated operating liabilities. Our goal in managing our foreign exchange risk is to reduce, to the extent practicable, our potential exposure to the changes that exchange rates might have on our earnings, cash flows and financial position. Our foreign currency forward contracts are typically short-term and, as they do not qualify for hedge accounting treatment, we classify the changes in their fair value in other, net. As of September 30, 2015, we were party to outstanding forward contracts hedging our liability and revenue exposures with a total net notional value of $2.1 billion. We had a net forward asset of $16 million and $9 million as of September 30, 2015 and December 31, 2014 recorded in prepaid expenses and other current assets. We recorded $32 million and $18 million in net gains from foreign currency forward contracts during the three months ended September 30, 2015 and 2014, and $47 million and $2 million in net gains during the nine months ended September 30, 2015 and 2014.

Acquisitions and Other Invest26

Acquisitions and Other Investments (Tables)	9 Months Ended
	Sep. 30, 2015
Acquisitions During Period
Schedule of Purchase Price Allocation	The following summarizes the allocation of the purchase price for the 2015 acquisitions, excluding Orbitz, in thousands: Goodwill $ 196,431 Intangible assets with indefinite lives 163,400 Intangible assets with definite lives (1) 146,126 Net assets and non-controlling interests acquired (2) (23,366 ) Deferred tax liabilities (7,910 ) Total (3) $ 474,681 (1) Acquired definite-lived intangible assets primarily consist of customer relationship, reacquired right and supplier relationship assets and have estimated useful lives of between 4 and 10 years with a weighted average life of 5.8 years. (2) Includes cash acquired of $41 million. (3) The total purchase price includes noncash consideration of $99 million related to an equity method investment, which is currently consolidated upon our acquisition of a controlling interest, as discussed above, with the remainder paid in cash during the period.
Orbitz Worldwide, Inc.
Schedule of Purchase Price Allocation	The following summarizes the preliminary allocation of the purchase price for Orbitz, in thousands: Cash consideration for shares $ 1,364,576 Repayment of Orbitz debt 432,231 Replacement restricted stock units attributable to pre-acquisition service 16,717 Total purchase consideration $ 1,813,524 Cash $ 194,515 Accounts receivable, net (1) 151,686 Other current assets 32,550 Long-term assets 119,515 Intangible assets with definite lives (2) 483,639 Intangible assets with indefinite lives (3) 190,900 Goodwill 1,424,903 Current liabilities (619,499 ) Other long-term liabilities (57,287 ) Deferred tax liabilities, net (107,398 ) Total $ 1,813,524 (1) Gross accounts receivable was $160 million, of which $8 million is estimated to be uncollectible. (2) Acquired definite-lived intangible assets primarily consist of customer relationship assets, developed technology assets and partner relationship assets with average lives ranging from less than one to ten years. (3) Acquired indefinite-lived intangible assets primarily consist of trade names and trademarks.
Supplemental Pro Forma Information	Supplemental information on an unaudited pro forma basis, as if the Orbitz acquisition had been consummated on January 1, 2014, is presented as follows, in thousands: Nine months ended 2015 2014 Revenue $ 5,643,060 $ 5,102,541 Net income attributable to Expedia, Inc. 848,342 300,083

Disposition of Business (Tables

Disposition of Business (Tables) - eLong, Inc	9 Months Ended
	Sep. 30, 2015
Carrying Amounts of Assets and Liabilities Immediately Preceding Disposition	The following table presents the carrying amounts of our eLong business immediately preceding the disposition on May 22, 2015, in thousands: Total current assets (1) $ 350,196 Total long-term assets 137,709 Total assets divested $ 487,905 Total current liabilities $ 187,296 Total long-term liabilities 5,782 Total liabilities divested $ 193,078 Components of accumulated other comprehensive income divested 45,259 Non-redeemable noncontrolling interest divested 92,550 Net carrying value divested $ 157,018 (1) Includes cash and cash equivalents of approximately $74 million.
Amounts Related to eLong in Consolidated Results of Operations	The following table presents certain amounts related to eLong in our consolidated results of operations through its disposal on May 22, 2015: Three months ended Nine months ended 2015 2014 2015 2014 (In thousands) Operating income (loss) (1) $ — $ (12,873 ) $ (85,536 ) $ (20,439 ) Income (loss) before taxes (2) — (10,546 ) 438,843 (10,934 ) Income (loss) before taxes attributable to Expedia, Inc. (2) — (7,018 ) 465,400 (7,216 ) Net income (loss) attributable to Expedia, Inc. (3) — (6,215 ) 349,183 (6,588 ) (1) Includes stock-based compensation and amortization of intangible assets of approximately $5 million for the three months ended September 30, 2014 and $20 million and $16 million for the nine months ended September 30, 2015 and 2014, which are included within Corporate & Eliminations in Note 15 – Segment Information. (2) The nine months ended September 30, 2015 includes the pre-tax gain of $509 million related to the gain on sale. (3) The nine months ended September 30, 2015 includes the after-tax gain of $395 million related to the gain on sale.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2015
Financial Assets and Liabilities Measured at Fair Value on Recurring Basis	Financial assets measured at fair value on a recurring basis as of September 30, 2015 are classified using the fair value hierarchy in the table below: Total Level 1 Level 2 (In thousands) Assets Cash equivalents: Money market funds $ 160,028 $ 160,028 $ — Time deposits 15,263 — 15,263 Derivatives: Foreign currency forward contracts 15,876 — 15,876 Investments: Corporate debt securities 111,558 — 111,558 Total $ 302,725 $ 160,028 $ 142,697 Financial assets measured at fair value on a recurring basis as of December 31, 2014 are classified using the fair value hierarchy in the table below: Total Level 1 Level 2 (In thousands) Assets Cash equivalents: Money market funds $ 161,059 $ 161,059 $ — Time deposits 298,968 — 298,968 Restricted cash: Time deposits 19,980 — 19,980 Derivatives: Foreign currency forward contracts 9,176 — 9,176 Investments: Time deposits 312,762 — 312,762 Corporate debt securities 142,575 — 142,575 Total $ 944,520 $ 161,059 $ 783,461

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2015
Long Term Debt Outstanding	The following table sets forth our outstanding debt: September 30, December 31, (In thousands) 7.456% senior notes due 2018 $ 500,000 $ 500,000 5.95% senior notes due 2020, net of discount 749,541 749,485 4.5% senior notes due 2024, net of discount 497,475 497,302 2.5% (€650 million) senior notes due 2022, net of discount 728,409 — Long-term debt $ 2,475,425 $ 1,746,787

Redeemable Noncontrolling Int30

Redeemable Noncontrolling Interests (Tables)	9 Months Ended
	Sep. 30, 2015
Reconciliation of Redeemable Noncontrolling Interest	A reconciliation of redeemable noncontrolling interest is as follows, in thousands: Nine months ended 2015 Balance, beginning of the period $ 560,073 Net loss attributable to noncontrolling interests (14,911 ) Fair value adjustments 74,226 Currency translation adjustments and other (51,908 ) Balance, end of period $ 567,480

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2015
Summary Of Dividends Declared	The Executive Committee, acting on behalf of the Board of Directors, declared the following dividends during the periods presented: Declaration Date Dividend Record Date Total Amount Payment Date Nine months ended September 30, 2015: February 4, 2015 $ 0.18 March 10, 2015 $ 22,895 March 26, 2015 April 29, 2015 0.18 May 28, 2015 23,096 June 18, 2015 July 29, 2015 0.24 August 27, 2015 31,182 September 17, 2015 Nine months ended September 30, 2014: February 5, 2014 $ 0.15 March 10, 2014 $ 19,602 March 27, 2014 April 30, 2014 0.15 May 30, 2014 19,231 June 19, 2014 July 30, 2014 0.18 August 27, 2014 22,944 September 17, 2014
Accumulated Other Comprehensive Loss , Net of Taxes	The balance for each class of accumulated other comprehensive loss as of September 30, 2015 and December 31, 2014 is as follows: September 30, December 31, (In thousands) Foreign currency translation adjustments, net of tax (1) $ (284,418 ) $ (138,715 ) Net unrealized gain (loss) on available for sale securities, net of tax 172 (59 ) Accumulated other comprehensive loss $ (284,246 ) $ (138,774 ) (1) Foreign currency translation adjustments, net of tax, includes foreign currency transaction losses at September 30, 2015 of $15 million ($23 million before tax) associated with our 2.5% Notes. The 2.5% Notes are Euro-denominated debt designated as hedges of certain of our Euro-denominated net assets. See Note 7 – Debt for more information. The remaining balance in currency translation adjustments excludes income taxes as a result of our current intention to indefinitely reinvest the earnings of our international subsidiaries outside of the United States.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2015
Basic and Diluted Earnings Per Share	The following table presents our basic and diluted earnings per share: Three months ended Nine months ended 2015 2014 2015 2014 (In thousands, except per share data) Net income attributable to Expedia, Inc. $ 283,216 $ 257,059 $ 777,003 $ 332,128 Earnings per share attributable to Expedia, Inc. available to common stockholders: Basic $ 2.18 $ 2.01 $ 6.03 $ 2.57 Diluted 2.12 1.94 5.86 2.48 Weighted average number of shares outstanding: Basic 129,989 127,911 128,822 129,326 Dilutive effect of: Options to purchase common stock 3,287 4,269 3,656 4,247 Other dilutive securities 141 94 124 110 Diluted 133,417 132,274 132,602 133,683

Restructuring and Related Reo33

Restructuring and Related Reorganization Charges (Tables)	9 Months Ended
	Sep. 30, 2015
Restructuring and Related Reorganization Activity	The following table summarizes the restructuring and related reorganization activity for the nine months ended September 30, 2015: Employee Stock-based Other Total (In thousands) Accrued liability as of January 1, 2015 $ 10,117 $ — $ 13,658 $ 23,775 Charges 50,004 29,230 2,767 82,001 Payments (11,997 ) — (15,217 ) (27,214 ) Non-cash items (1,060 ) (29,230 ) 6 (30,284 ) Accrued liability as of September 30, 2015 $ 47,064 $ — $ 1,214 $ 48,278

Other, net (Tables)

Other, net (Tables)	9 Months Ended
	Sep. 30, 2015
Components of Other Income (Expense)	The following table presents the components of other, net: Three months ended Nine months ended 2015 2014 2015 2014 (In thousands) Foreign exchange rate gains (losses), net $ 26,158 $ 7,164 $ 25,229 $ (10,584 ) Noncontrolling investment basis adjustment — — 77,400 — Other 125 3,008 11,732 13,098 Total $ 26,283 $ 10,172 $ 114,361 $ 2,514

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2015
Operating Segment Information	The following tables present our segment information for the three and nine months ended September 30, 2015 and 2014. 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, 2015 Core OTA trivago Egencia eLong Corporate & 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 income, 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 Three months ended September 30, 2014 Core OTA trivago Egencia eLong Corporate & Total (In thousands) Third-party revenue $ 1,477,145 $ 89,821 $ 96,667 $ 48,871 $ — $ 1,712,504 Intersegment revenue — 48,735 — — (48,735 ) — Revenue $ 1,477,145 $ 138,556 $ 96,667 $ 48,871 $ (48,735 ) $ 1,712,504 Adjusted EBITDA $ 500,513 $ 116 $ 16,037 $ (6,042 ) $ (101,554 ) $ 409,070 Depreciation (36,613 ) (380 ) (5,054 ) (1,729 ) (23,693 ) (67,469 ) Amortization of intangible assets — — — — (18,519 ) (18,519 ) Stock-based compensation — — — — (22,304 ) (22,304 ) Legal reserves, occupancy tax and other — — — — (3,888 ) (3,888 ) Realized (gain) loss on revenue hedges (54 ) — — — — (54 ) Operating income (loss) $ 463,846 $ (264 ) $ 10,983 $ (7,771 ) $ (169,958 ) 296,836 Other expense, net (7,311 ) Income before income taxes 289,525 Provision for income taxes (38,904 ) Net income 250,621 Net loss attributable to noncontrolling interests 6,438 Net income attributable to Expedia, Inc. $ 257,059 Nine months ended September 30, 2015 Core OTA trivago Egencia eLong (1) Corporate & 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 Nine months ended September 30, 2014 Core OTA trivago Egencia eLong Corporate & Total (In thousands) Third-party revenue $ 3,746,094 $ 220,835 $ 300,019 $ 140,559 $ — $ 4,407,507 Intersegment revenue — 105,502 — — (105,502 ) — Revenue $ 3,746,094 $ 326,337 $ 300,019 $ 140,559 $ (105,502 ) $ 4,407,507 Adjusted EBITDA $ 1,028,393 $ (10,344 ) $ 50,236 $ 217 $ (293,405 ) $ 775,097 Depreciation (101,823 ) (950 ) (14,747 ) (4,840 ) (72,801 ) (195,161 ) Amortization of intangible assets — — — — (55,275 ) (55,275 ) Stock-based compensation — — — — (68,139 ) (68,139 ) Legal reserves, occupancy tax and other — — — — (38,843 ) (38,843 ) Realized (gain) loss on revenue hedges 5,379 — — — — 5,379 Operating income (loss) $ 931,949 $ (11,294 ) $ 35,489 $ (4,623 ) $ (528,463 ) 423,058 Other expense, net (46,413 ) Income before income taxes 376,645 Provision for income taxes (59,974 ) Net income 316,671 Net loss attributable to noncontrolling interests 15,457 Net income attributable to Expedia, Inc. $ 332,128 (1) Includes results through our disposal of eLong on May 22, 2015.

Guarantor and Non-Guarantor S36

Guarantor and Non-Guarantor Supplemental Financial Information (Tables)	9 Months Ended
	Sep. 30, 2015
Schedule of Statement of Operations Information	CONDENSED CONSOLIDATING STATEMENT OF OPERATION Three months ended September 30, 2015 Parent Guarantor Non-Guarantor Eliminations Consolidated (In thousands) Revenue $ — $ 1,505,178 $ 500,625 $ (68,050 ) $ 1,937,753 Costs and expenses: Cost of revenue — 263,990 67,155 (3,079 ) 328,066 Selling and marketing — 665,577 342,864 (65,152 ) 943,289 Technology and content — 143,209 59,422 72 202,703 General and administrative — 87,240 42,819 109 130,168 Amortization of intangible assets — 9,822 21,578 — 31,400 Legal reserves, occupancy tax and other — (114,550 ) — — (114,550 ) Restructuring and related reorganization charges — 70,699 980 — 71,679 Intercompany (income) expense, net — 198,094 (198,094 ) — — Operating income (loss) — 181,097 163,901 — 344,998 Other income (expense): Equity in pre-tax earnings of consolidated subsidiaries 302,954 210,173 — (513,127 ) — Other, net (31,304 ) 34,669 (6,176 ) — (2,811 ) Total other income (expense), net 271,650 244,842 (6,176 ) (513,127 ) (2,811 ) Income before income taxes 271,650 425,939 157,725 (513,127 ) 342,187 Provision for income taxes 11,566 (120,387 ) 42,871 — (65,950 ) Net income 283,216 305,552 200,596 (513,127 ) 276,237 Net loss attributable to noncontrolling interests — — 6,979 — 6,979 Net income attributable to Expedia, Inc. $ 283,216 $ 305,552 $ 207,575 $ (513,127 ) $ 283,216 Comprehensive income attributable to Expedia, Inc. $ 281,516 $ 305,560 $ 181,712 $ (513,127 ) $ 255,661 CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS Three months ended September 30, 2014 Parent Guarantor Non-Guarantor Eliminations Consolidated (In thousands) Revenue $ — $ 1,326,985 $ 429,197 $ (43,678 ) $ 1,712,504 Costs and expenses: Cost of revenue — 229,453 68,283 1,972 299,708 Selling and marketing — 556,757 304,832 (45,789 ) 815,800 Technology and content — 117,933 54,693 128 172,754 General and administrative — 64,266 40,722 11 104,999 Amortization of intangible assets — 455 18,064 — 18,519 Legal reserves, occupancy tax and other — 3,888 — — 3,888 Intercompany (income) expense, net — 202,262 (202,262 ) — — Operating income — 151,971 144,865 — 296,836 Other income (expense): Equity in pre-tax earnings of consolidated subsidiaries 271,928 158,612 — (430,540 ) — Other, net (23,582 ) 44,543 (28,272 ) — (7,311 ) Total other income (expense), net 248,346 203,155 (28,272 ) (430,540 ) (7,311 ) Income before income taxes 248,346 355,126 116,593 (430,540 ) 289,525 Provision for income taxes 8,713 (80,882 ) 33,265 — (38,904 ) Net income 257,059 274,244 149,858 (430,540 ) 250,621 Discontinued operations, net of taxes — — — — — Net income (loss) 257,059 274,244 149,858 (430,540 ) 250,621 Net loss attributable to noncontrolling interests — — 6,438 — 6,438 Net income attributable to Expedia, Inc. $ 257,059 $ 274,244 $ 156,296 $ (430,540 ) $ 257,059 Comprehensive income attributable to Expedia, Inc. $ 257,059 $ 274,084 $ 99,616 $ (430,540 ) $ 200,219 CONDENSED CONSOLIDATING STATEMENT OF OPERATION Nine months ended September 30, 2015 Parent Guarantor Non-Guarantor (1) Eliminations Consolidated (In thousands) Revenue $ — $ 3,855,338 $ 1,281,688 $ (163,276 ) $ 4,973,750 Costs and expenses: Cost of revenue — 746,928 230,706 (6,568 ) 971,066 Selling and marketing — 1,788,957 960,444 (157,251 ) 2,592,150 Technology and content — 401,725 177,828 121 579,674 General and administrative — 239,110 148,427 422 387,959 Amortization of intangible assets — 14,298 69,024 — 83,322 Legal reserves, occupancy tax and other — (106,511 ) — — (106,511 ) Restructuring and related reorganization charges — 70,830 11,171 — 82,001 Intercompany (income) expense, net — 557,940 (557,940 ) — — Operating income (loss) — 142,061 242,028 — 384,089 Other income (expense): Equity in pre-tax earnings of consolidated subsidiaries 831,017 806,988 — (1,638,005 ) — Other, net (85,669 ) 62,208 571,267 — 547,806 Total other income (expense), net 745,348 869,196 571,267 (1,638,005 ) 547,806 Income before income taxes 745,348 1,011,257 813,295 (1,638,005 ) 931,895 Provision for income taxes 31,655 (172,858 ) (55,058 ) — (196,261 ) Net income 777,003 838,399 758,237 (1,638,005 ) 735,634 Net loss attributable to noncontrolling interests — — 41,369 — 41,369 Net income attributable to Expedia, Inc. $ 777,003 $ 838,399 $ 799,606 $ (1,638,005 ) $ 777,003 Comprehensive income attributable to Expedia, Inc. $ 762,583 $ 814,362 $ 692,590 $ (1,638,005 ) $ 631,530 (1) Includes results through our disposal of eLong on May 22, 2015. CONDENSED CONSOLIDATING STATEMENT OF OPERATION Nine months ended September 30, 2014 Parent Guarantor Non-Guarantor Eliminations Consolidated (In thousands) Revenue $ — $ 3,442,808 $ 1,063,992 $ (99,293 ) $ 4,407,507 Costs and expenses: Cost of revenue — 697,059 193,209 4,560 894,828 Selling and marketing — 1,483,710 804,435 (104,030 ) 2,184,115 Technology and content — 351,336 153,333 135 504,804 General and administrative — 182,407 124,135 42 306,584 Amortization of intangible assets — 1,392 53,883 — 55,275 Legal reserves, occupancy tax and other — 38,843 — — 38,843 Intercompany (income) expense, net — 561,806 (561,806 ) — — Operating income (loss) — 126,255 296,803 — 423,058 Other income (expense): Equity in pre-tax earnings of consolidated subsidiaries 373,081 291,048 — (664,129 ) — Other, net (64,953 ) 19,664 (1,124 ) — (46,413 ) Total other income (expense), net 308,128 310,712 (1,124 ) (664,129 ) (46,413 ) Income before income taxes 308,128 436,967 295,679 (664,129 ) 376,645 Provision for income taxes 24,000 (56,780 ) (27,194 ) — (59,974 ) Net income 332,128 380,187 268,485 (664,129 ) 316,671 Net loss attributable to noncontrolling interests — — 15,457 — 15,457 Net income attributable to Expedia, Inc. $ 332,128 $ 380,187 $ 283,942 $ (664,129 ) $ 332,128 Comprehensive income attributable to Expedia, Inc. $ 332,128 $ 380,334 $ 234,563 $ (664,129 ) $ 282,896
Schedule of Balance Sheet Information	CONDENSED CONSOLIDATING BALANCE SHEET September 30, 2015 Parent Guarantor Non-Guarantor Eliminations Consolidated (In thousands) ASSETS Total current assets $ 220,857 $ 3,317,856 $ 1,169,969 $ (1,535,210 ) $ 3,173,472 Investment in subsidiaries 6,060,698 2,159,200 — (8,219,898 ) — Intangible assets, net — 1,527,390 595,380 — 2,122,770 Goodwill — 3,915,096 1,485,872 — 5,400,968 Other assets, net 10,287 1,385,095 351,462 (40,781 ) 1,706,063 TOTAL ASSETS $ 6,291,842 $ 12,304,637 $ 3,602,683 $ (9,795,889 ) $ 12,403,273 LIABILITIES AND STOCKHOLDERS’ EQUITY Total current liabilities $ 1,310,219 $ 5,500,799 $ 665,438 $ (1,535,210 ) $ 5,941,246 Long-term debt 2,475,425 — — — 2,475,425 Other liabilities — 714,211 239,494 (40,781 ) 912,924 Redeemable noncontrolling interests — — 567,480 — 567,480 Stockholders’ equity 2,506,198 6,089,627 2,130,271 (8,219,898 ) 2,506,198 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 6,291,842 $ 12,304,637 $ 3,602,683 $ (9,795,889 ) $ 12,403,273 CONDENSED CONSOLIDATING BALANCE SHEET December 31, 2014 Parent Guarantor Non-Guarantor Eliminations Consolidated (In thousands) ASSETS Total current assets $ 189,203 $ 3,938,831 $ 1,064,981 $ (2,268,526) $ 2,924,489 Investment in subsidiaries 4,689,302 1,338,089 — (6,027,391 ) — Intangible assets, net — 637,986 652,101 — 1,290,087 Goodwill — 2,436,533 1,519,368 — 3,955,901 Other assets, net 7,082 583,782 259,197 — 850,061 TOTAL ASSETS $ 4,885,587 $ 8,935,221 $ 3,495,647 $ (8,295,917) $ 9,020,538 LIABILITIES AND STOCKHOLDERS’ EQUITY Total current liabilities $ 1,245,071 $ 3,707,638 $ 1,502,432 $ (2,268,526) $ 4,186,615 Long-term debt 1,746,787 — — — 1,746,787 Other liabilities — 516,365 116,969 — 633,334 Redeemable noncontrolling interests — — 560,073 — 560,073 Stockholders’ equity 1,893,729 4,711,218 1,316,173 (6,027,391 ) 1,893,729 TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 4,885,587 $ 8,935,221 $ 3,495,647 $ (8,295,917) $ 9,020,538
Schedule of Cash Flow Statement Information	CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS Nine months ended September 30, 2015 Parent Guarantor Non-Guarantor Consolidated (In thousands) Operating activities: Net cash provided by operating activities $ — $ 911,173 $ 630,353 $ 1,541,526 Investing activities: Capital expenditures, including internal-use software and website development — (570,619 ) (54,820 ) (625,439 ) Purchases of investments — (464,538 ) (47,791 ) (512,329 ) Sales and maturities of investments — 308,539 83,732 392,271 Acquisitions, net of cash acquired — (1,870,030 ) (63,791 ) (1,933,821 ) Proceeds from sale of business, net of cash divested and disposal costs — — 523,882 523,882 Other, net — 39,975 11,665 51,640 Net cash provided by (used in) investing activities — (2,556,673 ) 452,877 (2,103,796 ) Financing activities: Proceeds from issuance of long-term debt, net of debt issuance costs 700,454 — — 700,454 Purchases of treasury stock (48,694 ) — — (48,694 ) Issuance of treasury stock 22,575 — — 22,575 Proceeds from exercise of equity awards 82,108 — 1,190 83,298 Withholding taxes for stock option exercises (85,033 ) — — (85,033 ) Transfers (to) from related parties (679,700 ) 1,579,045 (899,345 ) — Other, net 8,290 23,196 20,722 52,208 Net cash provided by (used in) financing activities — 1,602,241 (877,433 ) 724,808 Effect of exchange rate changes on cash and cash equivalents — (70,026 ) (39,873 ) (109,899 ) Net increase in cash and cash equivalents — (113,285 ) 165,924 52,639 Cash and cash equivalents at beginning of period — 943,976 458,724 1,402,700 Cash and cash equivalents at end of period $ — $ 830,691 $ 624,648 $ 1,455,339 CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS Nine months ended September 30, 2014 Parent Guarantor Non-Guarantor Consolidated (In thousands) Operating activities: Net cash provided by operating activities $ — $ 1,296,752 $ 270,050 $ 1,566,802 Investing activities: Capital expenditures, including internal-use software and website development — (201,544 ) (38,134 ) (239,678 ) Purchases of investments — (803,933 ) (240,732 ) (1,044,665 ) Sales and maturities of investments — 734,390 222,957 957,347 Acquisitions, net of cash acquired — — (25,177 ) (25,177 ) Other, net — (8,591 ) (488 ) (9,079 ) Net cash used in investing activities — (279,678 ) (81,574 ) (361,252 ) Financing activities: Proceeds from issuance of long-term debt, net of issuance costs 493,630 — — 493,630 Purchases of treasury stock (469,267 ) — — (469,267 ) Proceeds from exercise of equity awards 76,676 — 2,814 79,490 Transfers (to) from related parties (77,614 ) 211,438 (133,824 ) — Other, net (23,425 ) 1,548 (3,139 ) (25,016 ) Net cash provided by (used) in financing activities — 212,986 (134,149 ) 78,837 Effect of exchange rate changes on cash and cash equivalents — (26,616 ) (26,056 ) (52,672 ) Net increase in cash and cash equivalents — 1,203,444 28,271 1,231,715 Cash and cash equivalents at beginning of period — 606,683 414,350 1,021,033 Cash and cash equivalents at end of period $ — $ 1,810,127 $ 442,621 $ 2,252,748

Acquisitions and Other Invest37

Acquisitions and Other Investments - Additional Information (Detail) $ / shares in Units, $ in Thousands	Sep. 17, 2015USD ($)$ / shares	Mar. 10, 2015USD ($)	Jan. 23, 2015USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)Business	Sep. 30, 2014USD ($)	Dec. 31, 2014USD ($)
Business Acquisitions And Investments [Line Items]
Goodwill				$ 5,400,968		$ 5,400,968		$ 3,955,901
Revenue				1,937,753	$ 1,712,504	4,973,750	$ 4,407,507
Operating loss				344,998	$ 296,836	384,089	$ 423,058
Noncontrolling investment basis adjustment						77,400
Decolar.com, Inc.
Business Acquisitions And Investments [Line Items]
Cost method investment		$ 270,000
Orbitz Worldwide, Inc.
Business Acquisitions And Investments [Line Items]
Business acquisition, total	$ 1,813,524
Business acquisition, total cash paid	$ 1,364,576
Business acquisitions, cash price per share | $ / shares	$ 12
Business acquisitions, debt repayment	$ 432,231
Replacement restricted stock units attributable to pre-acquisition service	16,717
Post acquisition employee restricted stock award, fair value	$ 53,000			23,000		23,000
Post acquisition employee restricted stock award, remaining requisite service period	2 years 7 months 6 days
Stock-based compensation recognized				30,000
Goodwill	$ 1,424,903
Revenue				19,000		19,000
Operating loss				(86,000)		(86,000)
Fees contingent upon change of control	25,000
Business combination, continuity incentive	$ 30,000
Business combination, continuity incentive remaining payment period	180 days
Acquisition-related costs				6,000		16,000
AAE Travel Private Limited
Business Acquisitions And Investments [Line Items]
Percentage of equity interest acquired		25.00%
Additional equity interest, approximate cash consideration		$ 94,000
Total ownership in venture before acquisition of additional equity interest		50.00%
Total ownership in venture after acquisition of additional equity interest		75.00%
Noncontrolling investment basis adjustment		$ 77,000
Percentage of noncontrolling interest		25.00%
Fair value of noncontrolling interest		$ 64,000
Travelocity
Business Acquisitions And Investments [Line Items]
Business acquisition, total cash paid			$ 280,000
Acquisitions During Period
Business Acquisitions And Investments [Line Items]
Business acquisition, total cash paid						9,000
Goodwill				196,431		$ 196,431
Number of business acquisition | Business						3
Deductible for tax purposes				$ 82,000		$ 82,000

Summary of Fair Value of Assets

Summary of Fair Value of Assets Acquired and Liabilities Assumed in Conjunction with Acquisition (Detail) - USD ($) $ in Thousands		Sep. 17, 2015	Sep. 30, 2015	Dec. 31, 2014
Business Acquisition [Line Items]
Goodwill			$ 5,400,968	$ 3,955,901
Orbitz Worldwide, Inc.
Business Acquisition [Line Items]
Cash consideration for shares		$ 1,364,576
Repayment of Orbitz debt		432,231
Replacement restricted stock units attributable to pre-acquisition service		16,717
Total purchase consideration		1,813,524
Cash		194,515
Accounts receivable, net	[1]	151,686
Other current assets		32,550
Long-term assets		119,515
Intangible assets with definite lives	[2]	483,639
Intangible assets with indefinite lives	[3]	190,900
Goodwill		1,424,903
Current liabilities		(619,499)
Other long-term liabilities		(57,287)
Deferred tax liabilities, net		(107,398)
Total		$ 1,813,524
Acquisitions During Period
Business Acquisition [Line Items]
Cash consideration for shares			9,000
Intangible assets with definite lives	[4]		146,126
Intangible assets with indefinite lives			163,400
Goodwill			196,431
Deferred tax liabilities, net			(7,910)
Total	[5]		474,681
Net assets and non-controlling interests acquired	[6]		$ (23,366)
[1]	Gross accounts receivable was $160 million, of which $8 million is estimated to be uncollectible.
[2]	Acquired definite-lived intangible assets primarily consist of customer relationship assets, developed technology assets and partner relationship assets with average lives ranging from less than one to ten years.
[3]	Acquired indefinite-lived intangible assets primarily consist of trade names and trademarks.
[4]	Acquired definite-lived intangible assets primarily consist of customer relationship, reacquired right and supplier relationship assets and have estimated useful lives of between 4 and 10 years with a weighted average life of 5.8 years.
[5]	The total purchase price includes noncash consideration of $99 million related to an equity method investment, which is currently consolidated upon our acquisition of a controlling interest, as discussed above, with the remainder paid in cash during the period.
[6]	Includes cash acquired of $41 million.

Summary of Fair Value of Asse39

Summary of Fair Value of Assets Acquired and Liabilities Assumed in Conjunction with Acquisition (Parenthetical) (Detail) - USD ($) $ in Millions	Sep. 17, 2015	Sep. 30, 2015
Orbitz Worldwide, Inc.
Business Acquisition [Line Items]
Business combination, accounts receivable gross	$ 160
Business combination, accounts receivable estimated to uncollectible	$ 8
Orbitz Worldwide, Inc. | Minimum
Business Acquisition [Line Items]
Estimated useful lives of acquired intangible assets	1 year
Orbitz Worldwide, Inc. | Maximum
Business Acquisition [Line Items]
Estimated useful lives of acquired intangible assets	10 years
Acquisitions During Period
Business Acquisition [Line Items]
Weighted average life of acquired intangible assets		5 years 9 months 18 days
Business acquisition, cash acquired		$ 41
Equity method investment, non-cash consideration		$ 99
Acquisitions During Period | Minimum
Business Acquisition [Line Items]
Estimated useful lives of acquired intangible assets		4 years
Acquisitions During Period | Maximum
Business Acquisition [Line Items]
Estimated useful lives of acquired intangible assets		10 years

Supplemental Pro Forma Informat

Supplemental Pro Forma Information (Detail) - Orbitz Worldwide, Inc. - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Revenue	$ 5,643,060	$ 5,102,541
Net income attributable to Expedia, Inc.	$ 848,342	$ 300,083

Disposition of Business - Addit

Disposition of Business - Additional Information (Detail) - USD ($) $ in Thousands	May. 22, 2015	Sep. 30, 2015
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Pre-tax gain on disposal of business		$ 508,810
Gain on disposal of business , after -tax		395,000
Disposal Group, Not Discontinued Operations | eLong, Inc
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Percentage of ownership sold	62.40%
Consideration of business sold	$ 671,000
Held in Escrow	67,000
Pre-tax gain on disposal of business		508,810
Gain on disposal of business , after -tax		$ 395,000
Consideration of business sold, net of costs to sell	$ 666,000

Carrying Amounts of Assets and

Carrying Amounts of Assets and Liabilities Immediately Preceding Disposition (Detail) - USD ($) $ in Thousands		Sep. 30, 2015	May. 22, 2015	Dec. 31, 2014
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Non-redeemable noncontrolling interest divested		$ 65,150		$ 109,462
Disposal Group, Not Discontinued Operations | eLong, Inc
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total current assets	[1]		$ 350,196
Total long-term assets			137,709
Total assets divested			487,905
Total current liabilities			187,296
Total long-term liabilities			5,782
Total liabilities divested			193,078
Components of accumulated other comprehensive income divested			45,259
Non-redeemable noncontrolling interest divested			92,550
Net carrying value divested			$ 157,018
[1]	Includes cash and cash equivalents of approximately $74 million.

Carrying Amounts of Assets an43

Carrying Amounts of Assets and Liabilities Immediately Preceding Disposition (Parenthetical) (Detail) $ in Millions	May. 22, 2015USD ($)
Disposal Group, Not Discontinued Operations | eLong, Inc
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash and cash equivalents	$ 74

Amounts Related to eLong in Con

Amounts Related to eLong in Consolidated Results of Operations (Detail) - Disposal Group, Not Discontinued Operations - eLong, Inc - USD ($) $ in Thousands		3 Months Ended	9 Months Ended
		Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Operating income (loss)	[1]	$ (12,873)	$ (85,536)	$ (20,439)
Income (loss) before taxes	[2]	(10,546)	438,843	(10,934)
Income (loss) before taxes attributable to Expedia, Inc.	[2]	(7,018)	465,400	(7,216)
Net income (loss) attributable to Expedia, Inc.	[3]	$ (6,215)	$ 349,183	$ (6,588)
[1]	Includes stock-based compensation and amortization of intangible assets of approximately $5 million for the three months ended September 30, 2014 and $20 million and $16 million for the nine months ended September 30, 2015 and 2014, which are included within Corporate & Eliminations in Note 15 - Segment Information.
[2]	The nine months ended September 30, 2015 includes the pre-tax gain of $509 million related to the gain on sale.
[3]	The nine months ended September 30, 2015 includes the after-tax gain of $395 million related to the gain on sale.

Amounts Related to eLong in C45

Amounts Related to eLong in Consolidated Results of Operations (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Pre-tax gain on disposal of business		$ 508,810
Gain on disposal of business, after-tax		395,000
eLong, Inc
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Stock-based compensation and intangible amortization	$ 5,000	$ 20,000	$ 16,000

Financial Assets and Liabilitie

Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - Recurring Basis - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	$ 302,725	$ 944,520
Foreign Exchange Forward Contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign currency forward contracts, Assets	15,876	9,176
Money Market Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	160,028	161,059
Time Deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	15,263	298,968
Restricted cash		19,980
Investments		312,762
Corporate Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	111,558	142,575
Fair Value, Inputs, Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	160,028	161,059
Fair Value, Inputs, Level 1 | Money Market Funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	160,028	161,059
Fair Value, Inputs, Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total	142,697	783,461
Fair Value, Inputs, Level 2 | Foreign Exchange Forward Contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign currency forward contracts, Assets	15,876	9,176
Fair Value, Inputs, Level 2 | Time Deposits
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	15,263	298,968
Restricted cash		19,980
Investments		312,762
Fair Value, Inputs, Level 2 | Corporate Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments	$ 111,558	$ 142,575

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available for sale investments, short-term	$ 35,000,000		$ 35,000,000		$ 43,000,000
Available for sale investments, long-term	76,000,000		76,000,000		100,000,000
Gross unrealized gains	1,000,000		1,000,000		1,000,000
Gross unrealized losses	1,000,000		1,000,000		1,000,000
Net gains from foreign currency forward contracts	32,000,000	$ 18,000,000	47,000,000	$ 2,000,000
Foreign Exchange Forward Contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notional amount of foreign currency derivatives	2,100,000,000		2,100,000,000
Recurring Basis | Foreign Exchange Forward Contracts
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign currency forward contracts, Assets	$ 15,876,000		$ 15,876,000		9,176,000
Balance held by majority-owned subsidiaries
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Time deposits held by company's majority-owned subsidiaries					$ 261,000,000

Property and Equipment Net - Ad

Property and Equipment Net - Additional Information (Detail) - USD ($) $ in Thousands	Apr. 30, 2015	Sep. 30, 2015	Sep. 30, 2014
Property, Plant and Equipment [Line Items]
Capital expenditures, including internal-use software and website development		$ 625,439	$ 239,678
New Corporate Headquarters | Purchase and Sale Agreement
Property, Plant and Equipment [Line Items]
Capital expenditures, including internal-use software and website development	$ 229,000

Long Term Debt Outstanding (Det

Long Term Debt Outstanding (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Long-term debt	$ 2,475,425	$ 1,746,787
7.456% Senior Notes Due 2018
Debt Instrument [Line Items]
Long-term debt	500,000	500,000
5.95% Senior Notes Due 2020
Debt Instrument [Line Items]
Long-term debt	749,541	749,485
4.5% Senior Notes Due 2024
Debt Instrument [Line Items]
Long-term debt	497,475	$ 497,302
2.5% Senior Notes Due 2022
Debt Instrument [Line Items]
Long-term debt	$ 728,409

Long Term Debt Outstanding (Par

Long Term Debt Outstanding (Parenthetical) (Detail) - EUR (€) € in Millions	Sep. 30, 2015	Jun. 30, 2015
2.5% Senior Notes Due 2022
Debt Instrument [Line Items]
Senior unsecured notes principal amount	€ 650	€ 650

Debt - Additional Information (

Debt - Additional Information (Detail)	1 Months Ended	9 Months Ended
	Jun. 30, 2015EUR (€)	Sep. 30, 2015USD ($)	Sep. 30, 2015EUR (€)	Dec. 31, 2014USD ($)	Dec. 31, 2014EUR (€)
Senior Notes
Debt Instrument [Line Items]
Accrued interest related to senior notes		$ 19,000,000		$ 39,000,000
Credit Facility
Debt Instrument [Line Items]
Credit facility		$ 1,000,000,000
Line of credit facility, expiration date		2019-09
Credit facility borrowings outstanding		$ 0		0
Interest, on drawn amount		LIBOR plus 150 basis points
Commitment fee on undrawn amounts		0.20%
Basis points added to LIBOR rate		1.50%
Letters of credit issued under the credit facility		$ 13,000,000		15,000,000
Uncommitted Credit Facility
Debt Instrument [Line Items]
Credit facility | €			€ 50,000,000
Credit facility borrowings outstanding | €			€ 20,000,000		€ 0
7.456% Senior Notes Due 2018
Debt Instrument [Line Items]
Senior unsecured notes principal amount		$ 500,000,000
Senior notes, maturity date		2018-08
Senior notes, interest rate		7.456%	7.456%
Debt instrument redemption price percentage		100.00%
Redemption at option of Company		At any time Expedia may redeem the 7.456% Notes at a redemption price of 100% of the principal plus accrued interest, plus a "make-whole" premium, in whole or in part.
Fair value of senior notes		$ 566,000,000		581,000,000
5.95% Senior Notes Due 2020
Debt Instrument [Line Items]
Senior unsecured notes principal amount		$ 750,000,000
Senior notes, maturity date		2020-08
Senior notes, interest rate		5.95%	5.95%
Debt instrument redemption price percentage		100.00%
Redemption at option of Company		We may redeem the 5.95% Notes at a redemption price of 100% of the principal plus accrued interest, plus a "make-whole" premium, in whole or in part.
Senior notes issued price percentage		99.893%	99.893%
Fair value of senior notes		$ 835,000,000		840,000,000
5.95% Senior Notes Due 2020 | Upon the occurrence of certain change of control triggering events
Debt Instrument [Line Items]
Debt instrument redemption price percentage		101.00%
4.5% Senior Notes Due 2024
Debt Instrument [Line Items]
Senior unsecured notes principal amount		$ 500,000,000
Senior notes, maturity date		2024-08
Senior notes, interest rate		4.50%	4.50%
Debt instrument redemption price percentage		100.00%
Redemption at option of Company		We may redeem the 4.5% Notes at our option at any time in whole or from time to time in part. If we elect to redeem the 4.5% Notes prior to May 15, 2024, we may redeem them at a redemption price of 100% of the principal plus accrued interest, plus a "make-whole" premium. If we elect to redeem the 4.5% Notes on or after May 15, 2024, we may redeem them at a redemption price of 100% of the principal plus accrued interest.
Senior notes issued price percentage		99.444%	99.444%
Fair value of senior notes		$ 500,000,000		$ 504,000,000
4.5% Senior Notes Due 2024 | Upon the occurrence of certain change of control triggering events
Debt Instrument [Line Items]
Debt instrument redemption price percentage		101.00%
2.5% Senior Notes Due 2022
Debt Instrument [Line Items]
Senior unsecured notes principal amount | €	€ 650,000,000		€ 650,000,000
Senior notes, maturity date	2022-06
Senior notes, interest rate	2.50%
Debt instrument redemption price percentage	100.00%
Redemption at option of Company		We may redeem the 2.5% Notes at our option, at whole or in part, at any time or from time to time. If we elect to redeem the 2.5% Notes prior to March 3, 2022, we may redeem them at a specified “make-whole" premium. If we elect to redeem the 2.5% Notes on or after March 3, 2022, we may redeem them at a redemption price of 100% of the principal plus accrued and unpaid interest. Subject to certain limited exceptions, all payments of interest and principal for the 2.5% Notes will be made in Euros.
Senior notes issued price percentage	99.525%
Fair value of senior notes		$ 717,000,000	€ 637,000,000
2.5% Senior Notes Due 2022 | Upon the occurrence of certain change of control triggering events
Debt Instrument [Line Items]
Debt instrument redemption price percentage		101.00%

Redeemable Noncontrolling Int52

Redeemable Noncontrolling Interests - Additional Information (Detail) - Maximum	9 Months Ended
	Sep. 30, 2015
During the first quarter of 2016
Noncontrolling Interest [Line Items]
Minority shareholders right to sell on remaining shares of trivago	50.00%
During the first quarter of 2018
Noncontrolling Interest [Line Items]
Minority shareholders right to sell on remaining shares of trivago	100.00%

Reconciliation of Redeemable No

Reconciliation of Redeemable Noncontrolling Interest (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)
Redeemable Noncontrolling Interest [Line Items]
Balance, beginning of the period	$ 560,073
Net loss attributable to noncontrolling interests	(14,911)
Fair value adjustments	74,226
Currency translation adjustments and other	(51,908)
Balance, end of period	$ 567,480

Summary of Dividends Declared (

Summary of Dividends Declared (Detail) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Dividends Payable [Line Items]
Payment of dividends to stockholders	$ 77,173	$ 61,777
February 4, 2015
Dividends Payable [Line Items]
Declaration Date	Feb. 4, 2015
Dividend Per Share	$ 0.18
Record Date	Mar. 10, 2015
Payment of dividends to stockholders	$ 22,895
Payment Date	Mar. 26, 2015
April 29, 2015
Dividends Payable [Line Items]
Declaration Date	Apr. 29, 2015
Dividend Per Share	$ 0.18
Record Date	May 28, 2015
Payment of dividends to stockholders	$ 23,096
Payment Date	Jun. 18, 2015
July 29, 2015
Dividends Payable [Line Items]
Declaration Date	Jul. 29, 2015
Dividend Per Share	$ 0.24
Record Date	Aug. 27, 2015
Payment of dividends to stockholders	$ 31,182
Payment Date	Sep. 17, 2015
February 5, 2014
Dividends Payable [Line Items]
Declaration Date		Feb. 5, 2014
Dividend Per Share		$ 0.15
Record Date		Mar. 10, 2014
Payment of dividends to stockholders		$ 19,602
Payment Date		Mar. 27, 2014
April 30, 2014
Dividends Payable [Line Items]
Declaration Date		Apr. 30, 2014
Dividend Per Share		$ 0.15
Record Date		May 30, 2014
Payment of dividends to stockholders		$ 19,231
Payment Date		Jun. 19, 2014
July 30, 2014
Dividends Payable [Line Items]
Declaration Date		Jul. 30, 2014
Dividend Per Share		$ 0.18
Record Date		Aug. 27, 2014
Payment of dividends to stockholders		$ 22,944
Payment Date		Sep. 17, 2014

Stockholders Equity - Additiona

Stockholders Equity - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Millions	Oct. 29, 2015	Sep. 30, 2015	Feb. 28, 2015	Apr. 30, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Authorized share repurchase			10,000,000	20,000,000
Stock repurchased, shares		500,000
Stock repurchased, value		$ 45
Average repurchase price per share		$ 85.27
Shares authorized and remaining under the repurchase program		11,200,000
Liberty
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock issued from treasury stock		264,841
Common stock price per share		$ 85.24
Stock issued, aggregate value		$ 23
Chairman And Senior Executive | Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, exercisable, number of shares		1,900,000
Share-based payment award, options, exercises in period, weighted average exercise price		$ 30.38
Share-based compensation, net of forfeitures		600,000
Chairman And Senior Executive | Stock Options | Withheld and Concurrently Cancelled by the Company to Cover the Weighted Average Exercise Price
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares withheld and cancelled to cover the weighted average exercise price		500,000
Chairman And Senior Executive | Stock Options | Withheld and Concurrently Cancelled to Cover Tax Obligations
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares withheld and cancelled to cover the weighted average exercise price		800,000
Subsequent Event | Dividend Declared
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Declaration Date	Oct. 29, 2015
Dividend Per Share	$ 0.24
Payment Date	Dec. 10, 2015
Record Date	Nov. 19, 2015

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands		Sep. 30, 2015	Dec. 31, 2014
Accumulated Other Comprehensive Income (Loss) [Line Items]
Foreign currency translation adjustments, net of tax	[1]	$ (284,418)	$ (138,715)
Net unrealized gain (loss) on available for sale securities, net of tax		172	(59)
Accumulated other comprehensive loss		$ (284,246)	$ (138,774)
[1]	Foreign currency translation adjustments, net of tax, includes foreign currency transaction losses at September 30, 2015 of $15 million ($23 million before tax) associated with our 2.5% Notes. The 2.5% Notes are Euro-denominated debt designated as hedges of certain of our Euro-denominated net assets. See Note 7 - Debt for more information. The remaining balance in currency translation adjustments excludes income taxes as a result of our current intention to indefinitely reinvest the earnings of our international subsidiaries outside of the United States.

Accumulated Other Comprehensi57

Accumulated Other Comprehensive Loss (Parenthetical) (Detail) - 2.5% Senior Notes Due 2022 $ in Millions	Sep. 30, 2015USD ($)
Accumulated Other Comprehensive Income (Loss) [Line Items]
Foreign currency translation losses, net of tax	$ (15)
Foreign currency translation losses, before tax	$ (23)

Basic and Diluted Earnings Per

Basic and Diluted Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Earnings Per Share Disclosure [Line Items]
Net income attributable to Expedia, Inc.	$ 283,216	$ 257,059	$ 777,003	$ 332,128
Earnings per share attributable to Expedia, Inc. available to common stockholders:
Basic	$ 2.18	$ 2.01	$ 6.03	$ 2.57
Diluted	$ 2.12	$ 1.94	$ 5.86	$ 2.48
Weighted average number of shares outstanding: Basic	129,989	127,911	128,822	129,326
Options to purchase common stock	3,287	4,269	3,656	4,247
Other dilutive securities	141	94	124	110
Weighted average number of shares outstanding, Diluted	133,417	132,274	132,602	133,683

Earnings Per Share - Additional

Earnings Per Share - Additional Information (Detail) - shares shares in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Outstanding stock awards excluded from calculation of diluted earnings per share	7	4	7	4

Restructuring and Related Reo60

Restructuring and Related Reorganization Charges - Additional Information (Detail) - USD ($)	3 Months Ended				9 Months Ended		12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	[1]	Dec. 31, 2014	Sep. 30, 2015	[1]	Dec. 31, 2016
Restructuring Cost and Reserve [Line Items]
Restructuring and related reorganization charges		$ 71,679,000		$ 26,000,000	$ 82,001,000
Scenario, Forecast
Restructuring Cost and Reserve [Line Items]
Accelerated stock-based compensation cost	$ 5,000,000						$ 5,000,000
Scenario, Forecast | Minimum
Restructuring Cost and Reserve [Line Items]
Expected restructuring charges	20,000,000						40,000,000
Scenario, Forecast | Maximum
Restructuring Cost and Reserve [Line Items]
Expected restructuring charges	$ 30,000,000						$ 50,000,000
[1]	Includes stock-based compensation as follows: Cost of revenue $ 1,112 $ 1,045 $ 3,586 $ 3,190 Selling and marketing 10,558 3,643 23,890 13,798 Technology and content 7,062 7,374 19,405 17,892 General and administrative 15,694 10,242 57,925 33,259 Restructuring and related reorganization charges 29,230 - 29,230 -

Restructuring and Related Reo61

Restructuring and Related Reorganization Activity (Detail) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2015		Dec. 31, 2014	Sep. 30, 2015
Restructuring Cost and Reserve [Line Items]
Accrued liability Beginning Balance				$ 23,775
Charges	$ 71,679	[1]	$ 26,000	82,001	[1]
Payments				(27,214)
Non-cash items				(30,284)
Accrued liability Ending Balance	48,278		23,775	48,278
Employee Severance and Benefits
Restructuring Cost and Reserve [Line Items]
Accrued liability Beginning Balance				10,117
Charges				50,004
Payments				(11,997)
Non-cash items				(1,060)
Accrued liability Ending Balance	47,064		10,117	47,064
Stock Based Compensation
Restructuring Cost and Reserve [Line Items]
Charges				29,230
Non-cash items				(29,230)
Other
Restructuring Cost and Reserve [Line Items]
Accrued liability Beginning Balance				13,658
Charges				2,767
Payments				(15,217)
Non-cash items				6
Accrued liability Ending Balance	$ 1,214		$ 13,658	$ 1,214
[1]	Includes stock-based compensation as follows: Cost of revenue $ 1,112 $ 1,045 $ 3,586 $ 3,190 Selling and marketing 10,558 3,643 23,890 13,798 Technology and content 7,062 7,374 19,405 17,892 General and administrative 15,694 10,242 57,925 33,259 Restructuring and related reorganization charges 29,230 - 29,230 -

Other Income Expense (Detail)

Other Income Expense (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Component Of Other Income And Expense [Line Items]
Foreign exchange rate gains (losses), net	$ 26,158	$ 7,164	$ 25,229	$ (10,584)
Noncontrolling investment basis adjustment			77,400
Other	125	3,008	11,732	13,098
Total	$ 26,283	$ 10,172	$ 114,361	$ 2,514

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Taxes [Line Items]
Effective tax rate	19.30%	13.40%	21.10%	15.90%

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) $ in Millions	Sep. 23, 2015USD ($)	Sep. 11, 2015USD ($)	Jul. 20, 2015USD ($)	Jan. 09, 2015USD ($)	May. 26, 2014USD ($)	Sep. 30, 2015USD ($)LegalMatter	Dec. 31, 2013USD ($)	Dec. 31, 2012USD ($)	Dec. 31, 2009USD ($)	Dec. 31, 2014USD ($)
Litigation relating to occupancy tax
Commitment And Contingencies [Line Items]
Number of lawsuits filed by cities, counties and states involving hotel occupancy taxes | LegalMatter						88
Number of lawsuits currently active | LegalMatter						25
Number of lawsuits dismissed to date | LegalMatter						39
Number of dismissals based on finding that defendant was not subject to local hotel occupancy tax or the local government lacked standing to pursue claims | LegalMatter						25
Reserve for legal contingencies						$ 47				$ 62
Accrual related to court decisions and final settlements						10
Litigation relating to occupancy tax | Orbitz Worldwide, Inc.
Commitment And Contingencies [Line Items]
Reserve for legal contingencies						6
Legal Reserves, Occupancy Tax and Other
Commitment And Contingencies [Line Items]
Recovery of costs						25
HAWAII | Litigation Related to Other Taxes
Commitment And Contingencies [Line Items]
Pay-to-play occupancy and other tax payments							$ 171
Litigation relating to general excise tax, expense							64	$ 110
Tax refund awarded			$ 131
Additional tax refund expected based on further hearing			$ 4
Tax refunds received	$ 132
Tax paid, net of refunds						44
HAWAII | Litigation Related to Other Taxes | Orbitz Worldwide, Inc.
Commitment And Contingencies [Line Items]
Tax refunds received	$ 22
HAWAII | Litigation Related to Other Taxes | Excise Tax Related Liabilities
Commitment And Contingencies [Line Items]
Pay-to-play occupancy and other tax payments							78
HAWAII | Litigation Related to Other Taxes | Penalties
Commitment And Contingencies [Line Items]
Pay-to-play occupancy and other tax payments							41
HAWAII | Litigation Related to Other Taxes | Accrued Interest
Commitment And Contingencies [Line Items]
Pay-to-play occupancy and other tax payments							$ 52
HAWAII | Tax Year 2012 | Litigation Related to Other Taxes
Commitment And Contingencies [Line Items]
Tax assessments						26
HAWAII | Tax Year 2012 | Litigation Related to Other Taxes | Orbitz Worldwide, Inc.
Commitment And Contingencies [Line Items]
Tax assessments						6
HAWAII | 2000 through 2012 | Litigation Related to Other Taxes
Commitment And Contingencies [Line Items]
Tax assessments						39
HAWAII | 2000 through 2012 | Litigation Related to Other Taxes | Orbitz Worldwide, Inc.
Commitment And Contingencies [Line Items]
Tax assessments						10
HAWAII | 2000 through 2012 | Litigation Related to Other Taxes | Duplicative Assessment
Commitment And Contingencies [Line Items]
Tax assessments						9.3
HAWAII | Tax Year 2013 | Litigation Related to Other Taxes
Commitment And Contingencies [Line Items]
Tax assessments						34
HAWAII | Tax Year 2013 | Litigation Related to Other Taxes | Orbitz Worldwide, Inc.
Commitment And Contingencies [Line Items]
Tax assessments						5
Portland, Oregon and Multnomah County, Oregon
Commitment And Contingencies [Line Items]
Tax assessments		$ 1.3		$ 2.5
City of San Francisco
Commitment And Contingencies [Line Items]
Pay-to-play occupancy and other tax payments					$ 25.5				$ 48
City of San Francisco | Orbitz Worldwide, Inc.
Commitment And Contingencies [Line Items]
Pay-to-play occupancy and other tax payments						$ 4.6

Segment Information - Additiona

Segment Information - Additional Information (Detail) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2015Segment	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | Segment	4
eLong, Inc
Segment Reporting Information [Line Items]
Stock-based compensation and intangible amortization		$ 5	$ 20	$ 16

Segment Information (Detail)

Segment Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015		Sep. 30, 2014
Segment Reporting Information [Line Items]
Third-party revenue	$ 1,937,753	$ 1,712,504	$ 4,973,750		$ 4,407,507
Revenue	1,937,753	1,712,504	4,973,750		4,407,507
Adjusted EBITDA	469,054	409,070	823,166		775,097
Depreciation	(87,156)	(67,469)	(240,878)		(195,161)
Amortization of intangible assets	(31,400)	(18,519)	(83,322)		(55,275)
Stock-based compensation	(63,656)	(22,304)	(134,036)		(68,139)
Legal reserves, occupancy tax and other	114,550	(3,888)	106,511		(38,843)
Restructuring and related reorganization charges	(42,449)		(52,771)
Realized (gain) loss on revenue hedges	(13,945)	(54)	(34,581)		5,379
Operating income (loss)	344,998	296,836	384,089		423,058
Other income (expense), net	(2,811)	(7,311)	547,806		(46,413)
Income before income taxes	342,187	289,525	931,895		376,645
Provision for income taxes	(65,950)	(38,904)	(196,261)		(59,974)
Net income	276,237	250,621	735,634		316,671
Net loss attributable to noncontrolling interests	6,979	6,438	41,369		15,457
Net income attributable to Expedia, Inc.	283,216	257,059	777,003		332,128
Corporate & Eliminations
Segment Reporting Information [Line Items]
Intersegment revenue	(71,439)	(48,735)	(170,984)		(105,502)
Revenue	(71,439)	(48,735)	(170,984)		(105,502)
Adjusted EBITDA	(125,023)	(101,554)	(352,111)		(293,405)
Depreciation	(32,227)	(23,693)	(83,753)		(72,801)
Amortization of intangible assets	(31,400)	(18,519)	(83,322)		(55,275)
Stock-based compensation	(63,656)	(22,304)	(134,036)		(68,139)
Legal reserves, occupancy tax and other	114,550	(3,888)	106,511		(38,843)
Restructuring and related reorganization charges	(42,449)		(52,771)
Operating income (loss)	(180,205)	(169,958)	(599,482)		(528,463)
Core OTAs | Operating Segments
Segment Reporting Information [Line Items]
Third-party revenue	1,739,363	1,477,145	4,372,224		3,746,094
Revenue	1,739,363	1,477,145	4,372,224		3,746,094
Adjusted EBITDA	589,433	500,513	1,193,228		1,028,393
Depreciation	(48,269)	(36,613)	(134,527)		(101,823)
Realized (gain) loss on revenue hedges	(13,945)	(54)	(34,581)		5,379
Operating income (loss)	527,219	463,846	1,024,120		931,949
Trivago | Operating Segments
Segment Reporting Information [Line Items]
Third-party revenue	104,162	89,821	266,287		220,835
Intersegment revenue	71,439	48,735	170,984		105,502
Revenue	175,601	138,556	437,271		326,337
Adjusted EBITDA	(9,496)	116	(13,421)		(10,344)
Depreciation	(574)	(380)	(1,461)		(950)
Operating income (loss)	(10,070)	(264)	(14,882)		(11,294)
Egencia | Operating Segments
Segment Reporting Information [Line Items]
Third-party revenue	94,228	96,667	293,496		300,019
Revenue	94,228	96,667	293,496		300,019
Adjusted EBITDA	14,140	16,037	57,637		50,236
Depreciation	(6,086)	(5,054)	(17,874)		(14,747)
Operating income (loss)	$ 8,054	10,983	39,763		35,489
eLong, Inc | Operating Segments
Segment Reporting Information [Line Items]
Third-party revenue		48,871	41,743	[1]	140,559
Revenue		48,871	41,743	[1]	140,559
Adjusted EBITDA		(6,042)	(62,167)	[1]	217
Depreciation		(1,729)	(3,263)	[1]	(4,840)
Operating income (loss)		$ (7,771)	$ (65,430)	[1]	$ (4,623)
[1]	Includes results through our disposal of eLong on May 22, 2015.

Schedule of Statement of Operat

Schedule of Statement of Operations Information (Detail) - USD ($) $ in Thousands		3 Months Ended				9 Months Ended
		Sep. 30, 2015		Dec. 31, 2014	Sep. 30, 2014	Sep. 30, 2015		Sep. 30, 2014
Condensed Financial Statements, Captions [Line Items]
Revenue		$ 1,937,753			$ 1,712,504	$ 4,973,750		$ 4,407,507
Costs and expenses:
Cost of revenue	[1]	328,066			299,708	971,066		894,828
Selling and marketing	[1]	943,289			815,800	2,592,150		2,184,115
Technology and content	[1]	202,703			172,754	579,674		504,804
General and administrative	[1]	130,168			104,999	387,959		306,584
Amortization of intangible assets		31,400			18,519	83,322		55,275
Legal reserves, occupancy tax and other		(114,550)			3,888	(106,511)		38,843
Restructuring and related reorganization charges		71,679	[1]	$ 26,000		82,001	[1]
Operating income (loss)		344,998			296,836	384,089		423,058
Other income (expense):
Other, net		(2,811)			(7,311)	547,806		(46,413)
Other income (expense), net		(2,811)			(7,311)	547,806		(46,413)
Income (loss) before income taxes		342,187			289,525	931,895		376,645
Benefit (provision) for income taxes		(65,950)			(38,904)	(196,261)		(59,974)
Net income		276,237			250,621	735,634		316,671
Discontinued operations, net of taxes					0
Net income (loss)		276,237			250,621	735,634		316,671
Net income (loss) attributable to noncontrolling interests		6,979			6,438	41,369		15,457
Net income attributable to Expedia, Inc.		283,216			257,059	777,003		332,128
Comprehensive income attributable to Expedia, Inc.		255,661			200,219	631,530		282,896
Parent
Other income (expense):
Equity in pre-tax earnings of consolidated subsidiaries		302,954			271,928	831,017		373,081
Other, net		(31,304)			(23,582)	(85,669)		(64,953)
Other income (expense), net		271,650			248,346	745,348		308,128
Income (loss) before income taxes		271,650			248,346	745,348		308,128
Benefit (provision) for income taxes		11,566			8,713	31,655		24,000
Net income		283,216			257,059	777,003		332,128
Discontinued operations, net of taxes					0
Net income (loss)		283,216			257,059	777,003		332,128
Net income attributable to Expedia, Inc.		283,216			257,059	777,003		332,128
Comprehensive income attributable to Expedia, Inc.		281,516			257,059	762,583		332,128
Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Revenue		1,505,178			1,326,985	3,855,338		3,442,808
Costs and expenses:
Cost of revenue		263,990			229,453	746,928		697,059
Selling and marketing		665,577			556,757	1,788,957		1,483,710
Technology and content		143,209			117,933	401,725		351,336
General and administrative		87,240			64,266	239,110		182,407
Amortization of intangible assets		9,822			455	14,298		1,392
Legal reserves, occupancy tax and other		(114,550)			3,888	(106,511)		38,843
Restructuring and related reorganization charges		70,699				70,830
Intercompany (income) expense, net		198,094			202,262	557,940		561,806
Operating income (loss)		181,097			151,971	142,061		126,255
Other income (expense):
Equity in pre-tax earnings of consolidated subsidiaries		210,173			158,612	806,988		291,048
Other, net		34,669			44,543	62,208		19,664
Other income (expense), net		244,842			203,155	869,196		310,712
Income (loss) before income taxes		425,939			355,126	1,011,257		436,967
Benefit (provision) for income taxes		(120,387)			(80,882)	(172,858)		(56,780)
Net income		305,552			274,244	838,399		380,187
Discontinued operations, net of taxes					0
Net income (loss)		305,552			274,244	838,399		380,187
Net income attributable to Expedia, Inc.		305,552			274,244	838,399		380,187
Comprehensive income attributable to Expedia, Inc.		305,560			274,084	814,362		380,334
Non-Guarantor Subsidiaries
Condensed Financial Statements, Captions [Line Items]
Revenue		500,625			429,197	1,281,688	[2]	1,063,992
Costs and expenses:
Cost of revenue		67,155			68,283	230,706	[2]	193,209
Selling and marketing		342,864			304,832	960,444	[2]	804,435
Technology and content		59,422			54,693	177,828	[2]	153,333
General and administrative		42,819			40,722	148,427	[2]	124,135
Amortization of intangible assets		21,578			18,064	69,024	[2]	53,883
Restructuring and related reorganization charges		980				11,171	[2]
Intercompany (income) expense, net		(198,094)			(202,262)	(557,940)	[2]	(561,806)
Operating income (loss)		163,901			144,865	242,028	[2]	296,803
Other income (expense):
Other, net		(6,176)			(28,272)	571,267	[2]	(1,124)
Other income (expense), net		(6,176)			(28,272)	571,267	[2]	(1,124)
Income (loss) before income taxes		157,725			116,593	813,295	[2]	295,679
Benefit (provision) for income taxes		42,871			33,265	(55,058)	[2]	(27,194)
Net income		200,596			149,858	758,237	[2]	268,485
Discontinued operations, net of taxes					0
Net income (loss)		200,596			149,858	758,237	[2]	268,485
Net income (loss) attributable to noncontrolling interests		6,979			6,438	41,369	[2]	15,457
Net income attributable to Expedia, Inc.		207,575			156,296	799,606	[2]	283,942
Comprehensive income attributable to Expedia, Inc.		181,712			99,616	692,590	[2]	234,563
Eliminations
Condensed Financial Statements, Captions [Line Items]
Revenue		(68,050)			(43,678)	(163,276)		(99,293)
Costs and expenses:
Cost of revenue		(3,079)			1,972	(6,568)		4,560
Selling and marketing		(65,152)			(45,789)	(157,251)		(104,030)
Technology and content		72			128	121		135
General and administrative		109			11	422		42
Other income (expense):
Equity in pre-tax earnings of consolidated subsidiaries		(513,127)			(430,540)	(1,638,005)		(664,129)
Other income (expense), net		(513,127)			(430,540)	(1,638,005)		(664,129)
Income (loss) before income taxes		(513,127)			(430,540)	(1,638,005)		(664,129)
Net income		(513,127)			(430,540)	(1,638,005)		(664,129)
Discontinued operations, net of taxes					0
Net income (loss)		(513,127)			(430,540)	(1,638,005)		(664,129)
Net income attributable to Expedia, Inc.		(513,127)			(430,540)	(1,638,005)		(664,129)
Comprehensive income attributable to Expedia, Inc.		$ (513,127)			$ (430,540)	$ (1,638,005)		$ (664,129)
[1]	Includes stock-based compensation as follows: Cost of revenue $ 1,112 $ 1,045 $ 3,586 $ 3,190 Selling and marketing 10,558 3,643 23,890 13,798 Technology and content 7,062 7,374 19,405 17,892 General and administrative 15,694 10,242 57,925 33,259 Restructuring and related reorganization charges 29,230 - 29,230 -
[2]	Includes results through our disposal of eLong on May 22, 2015.

Schedule of Balance Sheet Infor

Schedule of Balance Sheet Information (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
ASSETS
Total current assets	$ 3,173,472	$ 2,924,489
Intangible assets, net	2,122,770	1,290,087
Goodwill	5,400,968	3,955,901
Other assets, net	1,706,063	850,061
TOTAL ASSETS	12,403,273	9,020,538
LIABILITIES AND STOCKHOLDERS' EQUITY
Total current liabilities	5,941,246	4,186,615
Long-term debt	2,475,425	1,746,787
Other liabilities	912,924	633,334
Redeemable noncontrolling interests	567,480	560,073
Stockholders' equity	2,506,198	1,893,729
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	12,403,273	9,020,538
Eliminations
ASSETS
Total current assets	(1,535,210)	(2,268,526)
Investment in subsidiaries	(8,219,898)	(6,027,391)
Other assets, net	(40,781)
TOTAL ASSETS	(9,795,889)	(8,295,917)
LIABILITIES AND STOCKHOLDERS' EQUITY
Total current liabilities	(1,535,210)	(2,268,526)
Other liabilities	(40,781)
Stockholders' equity	(8,219,898)	(6,027,391)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	(9,795,889)	(8,295,917)
Parent
ASSETS
Total current assets	220,857	189,203
Investment in subsidiaries	6,060,698	4,689,302
Other assets, net	10,287	7,082
TOTAL ASSETS	6,291,842	4,885,587
LIABILITIES AND STOCKHOLDERS' EQUITY
Total current liabilities	1,310,219	1,245,071
Long-term debt	2,475,425	1,746,787
Stockholders' equity	2,506,198	1,893,729
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	6,291,842	4,885,587
Guarantor Subsidiaries
ASSETS
Total current assets	3,317,856	3,938,831
Investment in subsidiaries	2,159,200	1,338,089
Intangible assets, net	1,527,390	637,986
Goodwill	3,915,096	2,436,533
Other assets, net	1,385,095	583,782
TOTAL ASSETS	12,304,637	8,935,221
LIABILITIES AND STOCKHOLDERS' EQUITY
Total current liabilities	5,500,799	3,707,638
Other liabilities	714,211	516,365
Stockholders' equity	6,089,627	4,711,218
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	12,304,637	8,935,221
Non-Guarantor Subsidiaries
ASSETS
Total current assets	1,169,969	1,064,981
Intangible assets, net	595,380	652,101
Goodwill	1,485,872	1,519,368
Other assets, net	351,462	259,197
TOTAL ASSETS	3,602,683	3,495,647
LIABILITIES AND STOCKHOLDERS' EQUITY
Total current liabilities	665,438	1,502,432
Other liabilities	239,494	116,969
Redeemable noncontrolling interests	567,480	560,073
Stockholders' equity	2,130,271	1,316,173
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 3,602,683	$ 3,495,647

Schedule of Cash Flow Statement

Schedule of Cash Flow Statement Information (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Operating activities:
Net cash provided by operating	$ 1,541,526	$ 1,566,802
Investing activities:
Capital expenditures, including internal-use software and website development	(625,439)	(239,678)
Purchases of investments	(512,329)	(1,044,665)
Sales and maturities of investments	392,271	957,347
Acquisitions, net of cash acquired	(1,933,821)	(25,177)
Proceeds from sale of business, net of cash divested and disposal costs	523,882
Other, net	51,640	(9,079)
Net cash provided by (used in) investing activities	(2,103,796)	(361,252)
Financing activities:
Proceeds from issuance of long-term debt, net of debt issuance costs	700,454	493,630
Purchases of treasury stock	(48,694)	(469,267)
Issuance of treasury stock	22,575
Proceeds from exercise of equity awards	83,298	79,490
Withholding taxes for stock option exercises	(85,033)
Other, net	52,208	(25,016)
Net cash provided by (used in) financing activities	724,808	78,837
Effect of exchange rate changes on cash and cash equivalents	(109,899)	(52,672)
Net increase in cash and cash equivalents	52,639	1,231,715
Cash and cash equivalents at beginning of period	1,402,700	1,021,033
Cash and cash equivalents at end of period	1,455,339	2,252,748
Parent
Financing activities:
Proceeds from issuance of long-term debt, net of debt issuance costs	700,454	493,630
Purchases of treasury stock	(48,694)	(469,267)
Issuance of treasury stock	22,575
Proceeds from exercise of equity awards	82,108	76,676
Withholding taxes for stock option exercises	(85,033)
Transfers (to) from related parties	(679,700)	(77,614)
Other, net	8,290	(23,425)
Guarantor Subsidiaries
Operating activities:
Net cash provided by operating	911,173	1,296,752
Investing activities:
Capital expenditures, including internal-use software and website development	(570,619)	(201,544)
Purchases of investments	(464,538)	(803,933)
Sales and maturities of investments	308,539	734,390
Acquisitions, net of cash acquired	(1,870,030)
Other, net	39,975	(8,591)
Net cash provided by (used in) investing activities	(2,556,673)	(279,678)
Financing activities:
Transfers (to) from related parties	1,579,045	211,438
Other, net	23,196	1,548
Net cash provided by (used in) financing activities	1,602,241	212,986
Effect of exchange rate changes on cash and cash equivalents	(70,026)	(26,616)
Net increase in cash and cash equivalents	(113,285)	1,203,444
Cash and cash equivalents at beginning of period	943,976	606,683
Cash and cash equivalents at end of period	830,691	1,810,127
Non-Guarantor Subsidiaries
Operating activities:
Net cash provided by operating	630,353	270,050
Investing activities:
Capital expenditures, including internal-use software and website development	(54,820)	(38,134)
Purchases of investments	(47,791)	(240,732)
Sales and maturities of investments	83,732	222,957
Acquisitions, net of cash acquired	(63,791)	(25,177)
Proceeds from sale of business, net of cash divested and disposal costs	523,882
Other, net	11,665	(488)
Net cash provided by (used in) investing activities	452,877	(81,574)
Financing activities:
Proceeds from exercise of equity awards	1,190	2,814
Transfers (to) from related parties	(899,345)	(133,824)
Other, net	20,722	(3,139)
Net cash provided by (used in) financing activities	(877,433)	(134,149)
Effect of exchange rate changes on cash and cash equivalents	(39,873)	(26,056)
Net increase in cash and cash equivalents	165,924	28,271
Cash and cash equivalents at beginning of period	458,724	414,350
Cash and cash equivalents at end of period	$ 624,648	$ 442,621