eLong Reports FirstQuarter 2013 Unaudited Financial Results Net revenues increased 42% versus Q1 2012 PR Newswire BEIJING, May 13, 2013 BEIJING, May 13, 2013 /PRNewswire/ -- eLong, Inc. (Nasdaq: LONG), a leading online travel service provider in China, today reported unaudited financial results for the first quarter ended March 31, 2013. (Logo:http://photos.prnewswire.com/prnh/20041118/ELONGLOGO ) Highlights oHotel room nights sold in the first quarter increased 71% to 4.9 million room nights compared to 2.8 million in the prior year period. oHotel commission revenue for the first quarter increased 47% to RMB180.1 million (US$29.0 million), compared to RMB122.9 million (US$19.5 million) in the first quarter of 2012. oNet revenues for the first quarter increased 42% to RMB217.4 million (US$35.0 million), compared to RMB153.2 million (US$24.3 million) in the first quarter of 2012. oeLong's domestic hotel coverage network expanded 54% year-on-year. Customers can now book more than 205,000 hotels through eLong, including international hotels available via direct connection to Expedia. oeLong mobile applications reached approximately 10 million cumulative downloads. Mobile bookings (through mobile apps and mobile-optimized websites) comprised more than 15% of our total room nights. Our iPhone application, eLong Travel, also was recently featured as a "Great Free App" by the iTunes China Apple store. "In Q1, we further expanded our hotel booking market share and further strengthened our brand proposition of 'Book Hotel, Use eLong'," said Guangfu Cui, Chief Executive Officer of eLong. "We are also seeing terrific growth in mobile bookings which now comprise more than 15% of our room nights. We will continue to invest in mobile and execute our mobile and online hotel strategy." Business Results Revenues Total revenues by product for the first quarter of 2013 as compared to the same period in 2012 were as follows (in RMB million): Q1 2013 % Q1 2012 % Y/Y Total Total Growth Hotel reservations 180.1 78% 122.9 75% 47% Air ticketing 31.7 14% 27.2 17% 17% Other 19.2 8% 13.8 8% 39% Total revenues 231.0 100% 163.9 100% 41%  Note: Business tax, VAT and surcharges account for the difference in growth rates of Total Revenues and Net Revenues. Hotel Reservations Hotel commission revenue increased 47% in the first quarter of 2013 compared to the same period in 2012, primarily due to higher volume, partially offset by lower commission per room night. Room nights sold in the first quarter increased 71% year-on-year to 4.9 million. Commission per room night decreased 15% year-on-year, primarily due to growth of our coupon program and faster rates of growth of lower average daily rate hotel room nights. Hotel commission revenue grew to 78% of total revenues from 75% in the prior year quarter. Air Ticketing Air ticketing commission revenue increased 17% in the first quarter of 2013 compared to the prior year quarter, driven by a 21% increase in air segments to 672,000, partially offset by a 4% decrease in commission per segment. Commission per segment decreased mainly due to our air coupon program, as well as a decrease in average ticket price compared to the same quarter of 2012. Air ticketing commission revenue decreased to 14% of total revenues from 17% in the prior year quarter. Other Other revenue is primarily derived from advertising and travel insurance. Other revenue increased 39% year-on-year in the first quarter of 2013, mainly driven by increased advertising revenue. Other revenue was 8% of total revenues, consistent with the prior year quarter. Profitability Gross margin in the first quarter of 2013 increased to 75%, compared to 73% in the first quarter of 2012. The improvement in gross margin was driven by mix shift to hotel and online bookings and operational efficiencies, and was partially offset by lower hotel commission revenue per room night. Operating expenses for the first quarter of 2013 as compared to the same period in 2012 were as follows (in RMB million): Q12013 % of Net Q12012 % of Net Y/Y Revenue Revenue Growth Service development 36.5 17% 27.2 18% 34% Sales and marketing 112.6 52% 66.9 43% 68% General and administrative 21.6 10% 14.8 10% 46% Amortization of intangible 0.9 - 0.3 - N/M assets Charges related to intangible 0.2 - - - N/M assets Total operating expenses 171.8 79% 109.2 71% 57% Total operating expenses increased 57% for the first quarter of 2013 compared to the first quarter of 2012. Total operating expenses increased to 79% of net revenues in the first quarter of 2013 from 71% in the prior year quarter which led to an operating loss of RMB9.2 million compared to operating income of RMB2.7 million in the prior year quarter. Service development expenses consist of expenses related to technology and our product offering, including our websites, platforms and other system development, as well as our supplier relations function. Service development expenses increased 34% compared to the prior year quarter, mainly driven by higher personnel expenses. Service development expenses decreased to 17% of net revenues in the first quarter of 2013 from 18% in the same quarter of 2012. Sales and marketing expenses for the first quarter of 2013 increased 68% over the prior year quarter, mainly driven by increased spending on online marketing, hotel commission payments to affiliates and brand marketing advertising expenses. Sales and marketing expenses increased to 52% of net revenues in the first quarter of 2013 from 43% in the same quarter of 2012. General and administrative expenses for the first quarter of 2013 increased 46% compared to the prior year quarter, mainly driven by higher share-based compensation charges, personnel expenses and professional fees. General and administrative expenses were 10% of net revenues, consistent with the same quarter of 2012. Other income represents interest income, foreign exchange losses and other. Other income was RMB14.6 million in the first quarter of 2013 compared to other income of RMB12.4 million in the first quarter of 2012, primarily driven by an increase in interest income. As of March 31, 2013, eLong held cash and cash equivalents, short-term investments and restricted cash of RMB1.9 billion (US$311 million), substantially all of which was held in Renminbi. Net income for the first quarter of 2013 was RMB2.8 million, compared to net income of RMB11.9 million during the prior year quarter. Basic net income per ADS and diluted net income per ADS for the first quarter of 2013 were each RMB0.08 (US$0.012), compared to basic net income per ADS and diluted net income per ADS of RMB0.34 (US$0.06) in the prior year quarter. Business Outlook eLong currently expects net revenues for the second quarter of 2013 to increase by 15% to 25% compared to the second quarter of 2012. This outlook reflects eLong's current and preliminary view, which is subject to change. CFO Transition Mike Doyle, eLong's Chief Financial Officer for the past four years, will be leaving the Company on May 31, 2013."Mike has made outstanding contributions to eLong's growth and development, and we wish him continued success in his future endeavors," said Guangfu Cui."I am proud of the progress we have made in turning around eLong's business and in building a strong finance organization. I remain confident in eLong's future and the ability of the team to achieve our objective to become China's largest online hotel booking service provider," said Mike Doyle. eLong has appointed Philip Yang, as Interim CFO and Chief Accounting Officer, effective June 1, 2013. Mr. Yang is currently Vice President of Finance and Financial Controller of eLong."Philip has been a trusted leader in our finance department for nearly seven years, and I am delighted that he will now assume a larger role in the execution of our mobile and online hotel strategy. In addition, we are considering external candidates to further strengthen our finance leadership team," said Guangfu Cui. Since joining eLong in 2006, Mr. Yang has held a number of leadership positions within eLong's Finance department, including Internal Audit Director and Financial Controller. Prior to joining eLong, Mr. Yang was a senior auditor with Deloitte Touche Tohmatsu and also previously worked at Protiviti and TOM Group Limited. Mr. Yang is a graduate of Beijing Polytechnic University with a Bachelors Degree of Business Administration and Civil Engineering. He is a PRC Certified Public Accountant and a Certified Management Accountant. Safe Harbor Statement It is currently expected that the Business Outlook will not be updated until the release of eLong's next quarterly earnings announcement; however, eLong reserves the right to update its Business Outlook at any time for any reason. Statements in this press release concerning eLong's future business, operating results and financial condition are "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "future," "is/are likely to," "should" and "will" and similar expressions as they relate to eLong are intended to identify such forward-looking statements, but are not the exclusive means of doing so. These forward-looking statements are based upon management's current views and expectations with respect to future events and are not a guarantee of future performance. Forward-looking statements include, but are not limited to, statements about our anticipated growth strategies, our future business development, results of operations and financial condition, our ability to control costs and/or maintain profitability, our ability to attract customers and leverage our brand, and trends and competition in the travel industry in China and globally. Furthermore, these statements are, by their nature, subject to a number of risks and uncertainties that could cause our actual performance and results to differ materially from those discussed in the forward-looking statements. Factors that could affect our actual results and cause our actual results to differ materially from those referred in any forward-looking statement include, but are not limited to, declines or disruptions in the travel industry, international financial, political or economic crises, a slowdown in the PRC economy, an outbreak of bird flu or other disease, eLong's reliance on maintaining good relationships with, and stable air and hotel inventory from, hotel suppliers and airline ticket suppliers, and on establishing new relationships with suppliers on similar terms, our reliance on the TravelSky GDS system for our air business and Baidu (and its subsidiary Qunar) and Qihu for our search engine marketing, the risk that eLong will not be able to increase its brand recognition, the possibility that eLong will be unable to continue timely compliance with the Sarbanes-Oxley Act or other regulatory requirements, the risk that eLong will not be successful in competing against new and existing competitors, the risk that our infrastructure and technology are damaged, fail or become obsolete, risks associated with Expedia, Inc.'s (Nasdaq: EXPE) majority ownership interest and Tencent's shareholding in eLong, risks relating to eLong's investment in other businesses and assets, fluctuations in the value of the Renminbi, inflation in China, changes in eLong's management team and other personnel, risks relating to uncertainties in the PRC legal system, including but not limited to, risks relating to our affiliated Chinese operating entities and risks relating to the application of preferential tax policies, and other risks mentioned in eLong's filings with the U.S. Securities and Exchange Commission, including eLong's Annual Report on Form 20-F. If one or more of these risks or uncertainties occur, or if our underlying assumptions prove to be incorrect, actual events or results may vary significantly from those implied or projected by the forward looking-statements. Investors should not rely upon forward-looking statements as predictions of future events. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise. All forward-looking statements contained in this press release are qualified by reference to this cautionary statement. Conference Call eLong will host a conference call to discuss its first quarter 2013 unaudited financial results on May 14, 2013 at 8:30 am Beijing time (May 13, 2013, 8:30 pm ET). The management team will be on the call to discuss the quarterly results and to answer questions. The toll-free number for U.S. participants is +1-866-844-9413. The dial-in number for Hong Kong participants is +852-3001-3802. The toll-free numbers for China Mainland participants are 10800-712-1470 (China Unicom) and 10800-120-1470 (China Telecom) and the toll number for China Mainland participants is 86-400-810-4731. International participants can dial +1-210-795-0512. Pass code: eLong. Additionally, an archived web cast of this call will be available on the Investor Relations section of the eLong web site at http://www.elong.net/AboutUs/conference.html. About eLong, Inc. eLong, Inc. (Nasdaq: LONG - News) is a leader in online hotel reservations in China offering consumers a leading hotel network of more than 205,000 bookable domestic and international properties in 200 countries worldwide. eLong uses innovative technology to enable travelers to make informed hotel and air ticket booking decisions through its convenient website and mobile (iPhone, iPad, Android, and Windows Phone) applications and easy to use tools such as destination guides, photos, virtual tours, maps and user reviews. eLong provides 24-hour customer support and the ability to fulfill domestic and international air ticket reservations across China. eLong's largest shareholders are Expedia, Inc. (Nasdaq: EXPE) and Tencent Holdings Ltd. (HKSE: 0700). eLong operates websites including www.elong.com and www.elong.net. For further information, please contact: eLong, Inc. Investor Relations firstname.lastname@example.org +86-10-6436-7570 eLong, Inc. CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (IN THOUSANDS EXCEPT PER SHARE AND PER ADS AMOUNTS) Three Months Ended Mar. 31, Dec. 31, Mar. 31, Mar. 31, 2012 2012 2013 2013 RMB RMB RMB USD^(1) (Unaudited) (Unaudited) (Unaudited) (Unaudited) Revenues: Hotel reservations 122,895 174,983 180,152 29,006 Air ticketing 27,158 31,454 31,687 5,102 Other 13,837 17,987 19,204 3,092 Total revenues 163,890 224,424 231,043 37,200 Business tax, VAT and (10,737) (15,630) (13,648) (2,197) surcharges Net revenues 153,153 208,794 217,395 35,003 Cost of services (41,274) (58,386) (54,818) (8,826) Gross profit 111,879 150,408 162,577 26,177 Operating expenses: Service development (27,236) (36,358) (36,495) (5,876) Sales and marketing (66,949) (110,144) (112,615) (18,133) General and (14,774) (17,409) (21,584) (3,475) administrative Amortization of (251) (247) (913) (147) intangible assets Charges related to - (1,860) (177) (28) intangible assets Total operating expenses (109,210) (166,018) (171,784) (27,659) Income/(loss) from 2,669 (15,610) (9,207) (1,482) operations Other income: Interest income 11,606 14,691 14,629 2,355 Foreign exchange (617) (1,237) (539) (87) losses Other 1,424 340 521 84 Total other income 12,413 13,794 14,611 2,352 Income/(loss) before income tax 15,082 (1,816) 5,404 870 benefit/(expense) Income tax (2,648) 12,450 (3,276) (528) benefit/(expense) Impairment on equity - (4,812) - - method investment Share of net income/(loss) in (551) (107) 644 104 non-consolidated affiliates Net income 11,883 5,715 2,772 446 Other comprehensive - - - - income Total comprehensive 11,883 5,715 2,772 446 income Basic net income per 0.17 0.08 0.04 0.006 share Diluted net income per 0.17 0.08 0.04 0.006 share Basic net income per 0.34 0.16 0.08 0.012 ADS^(2)(3) Diluted net income per 0.34 0.16 0.08 0.012 ADS^(2)(3) Shares used in computing net income per share: Basic 68,587 69,196 69,004 69,004 Diluted 69,342 69,862 69,733 69,733 Share-based compensation 6,948 7,853 10,439 1,680 charges included in: Cost of services 465 412 617 99 Service development 2,772 2,807 3,480 560 Sales and marketing 1,285 952 1,356 218 General and 2,426 3,682 4,986 803 administrative Note 1: The conversion of Renminbi (RMB) into United States dollars (USD) is based on the noon buying rate ofUSD1.00=RMB6.2108 on March 31, 2013 in the City of New York for cable transfers of Renminbi as certified for customs purposes by the Federal Reserve. No representation is made that the RMB amounts could have been, or could be, converted or settled into USD at the rates stated herein on the reporting dates, at any other rates or at all. Note 2: 1 ADS = 2 shares. Note 3: Non-GAAP financial measures eLong, Inc. CONSOLIDATED BALANCE SHEETS (IN THOUSANDS) Dec.31,2012 Mar.31,2013 Mar.31,2013 RMB RMB USD (Audited) (Unaudited) (Unaudited) ASSETS Current assets: Cash and cash equivalents 311,140 363,201 58,479 Short-term investments 1,581,502 1,507,801 242,771 Restricted cash 61,400 61,400 9,886 Accounts receivable, net 127,973 167,539 26,975 Amounts due from related parties 23,639 45,445 7,317 Prepaid expenses 21,240 24,570 3,956 Deferred tax assets, current 15,342 15,733 2,533 Other current assets 53,324 58,272 9,383 Total current assets 2,195,560 2,243,961 361,300 Property and equipment, net 72,362 78,052 12,567 Investment in non-consolidated 42,031 42,675 6,871 affiliates Goodwill 77,782 78,152 12,583 Intangible assets, net 14,712 13,252 2,134 Deferred tax assets, non-current 31,037 43,090 6,938 Other non-current assets 37,149 37,111 5,975 Total non-current assets 275,073 292,332 47,068 Total assets 2,470,633 2,536,293 408,368 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable 119,200 164,787 26,532 Income taxes payable 14,671 30,391 4,893 Amounts due to related parties 89,634 76,666 12,344 Deferred revenue 10,197 36,219 5,832 Accrued expenses and other 198,970 176,035 28,344 current liabilities Total current liabilities 432,672 484,098 77,945 Other liabilities 1,086 86 13 Total non-current liabilities 1,086 86 13 Total liabilities 433,758 484,184 77,958 Shareholders' equity Ordinary shares 2,864 2,864 461 High-vote ordinary shares 2,691 2,691 433 Treasury stock (70,105) (65,002) (10,466) Additional paid-in capital 2,238,577 2,248,840 362,085 Statutory reserves 15,409 15,409 2,482 Accumulated deficit (152,561) (152,693) (24,585) Total shareholders' equity 2,036,875 2,052,109 330,410 Total liabilities and 2,470,633 2,536,293 408,368 shareholders' equity eLong, Inc. TRENDED OPERATIONAL METRICS (IN THOUSANDS) The metrics below are intended as a supplement to the financial statements found in this press release and in our filings with the SEC. In the event of discrepancies between amounts in these tables and our historical financial statements, readers should rely on our filings with the SEC and financial statements in our most recent press release. We intend to periodically review and refine the definition, methodology and appropriateness of each of our supplemental metrics. As a result, metrics are subject to removal and/or change, and such changes could be material. 2012 (Unaudited) 2013 (Unaudited) Q1 Q2 Q3 Q4 2012 Q1 Hotel Reservations Room Nights 2,843 3,666 4,601 5,014 16,124 4,877 Room Night Y/Y 67% 65% 70% 94% 75% 71% Average Daily Rate Y/Y (12%) (11%) (9%) (15%) (12%) (4%) Commission/Room Night (19%) (11%) (27%) (29%) (22%) (15%) Y/Y Hotel Commissions Y/Y 36% 47% 24% 38% 36% 47% Air Ticketing Air Segments 554 525 662 637 2,378 672 Air Segments Y/Y (6%) (8%) 12% 11% 3% 21% Average Ticket Price Y/Y 1% 5% 0% (4%) 1% (1%) Commission/Segment Y/Y (5%) 1% (7%) (3%) (4%) (4%) Air Commissions Y/Y (10%) (7%) 5% 8% (1%) 17% Non-GAAP Financial Measures To supplement the financial measures calculated in accordance with generally accepted accounting principles in the United States, or GAAP, this press release includes certain non-GAAP financial measures including basic net income per ADS, diluted net income per ADS, Adjusted Earnings Before Interests, Taxes, Depreciation and Amortization ("Adjusted EBITDA"), Adjusted Net Income ("ANI") and Adjusted Net Income Per Share. We believe these non-GAAP financial measures may help investors understand eLong's current financial performance and compare business trends among different reporting periods. These non-GAAP financial measures should be considered in addition to financial measures presented in accordance with GAAP, but should not be considered as a substitute for, or superior to, financial measures presented in accordance with GAAP. We seek to compensate for the limitations of the non-GAAP measures presented by also providing the comparable GAAP measures, GAAP financial statements, and descriptions of the reconciling items and adjustments, to derive the non-GAAP measures. Adjusted EBITDA is defined as net income plus (1) interest expense (income); (2) income tax expense (benefit); (3) depreciation; (4) amortization of intangible assets; (5) share-based compensation charges; (6) foreign exchange losses (gains); (7) acquisition-related impacts, including (i) goodwill and intangible asset impairment, and (ii) losses (gains) recognized on non-controlling investment basis adjustments when we acquire controlling interests; and (8) certain other items, including restructuring charges, impairment loss on equity method investment and equity in net loss (income) of affiliates. We believe Adjusted EBITDA is a useful financial metric to assess our operating and financial performance before the impact of investing and financing transactions, if any, and income tax expense (benefit). Since share-based compensation charges are non-cash expenses, we believe excluding them from our calculation of Adjusted EBITDA allows us to provide investors with a more useful tool for assessing our operating and financial performance. In addition, we believe that Adjusted EBITDA is used by other companies and may be used by investors as a measure of our financial performance. The presentation of Adjusted EBITDA should not be construed as an indication that eLong's future results will be unaffected by other charges and gains we consider to be outside the ordinary course of our business. The use of Adjusted EBITDA has certain limitations. Amortization and depreciation expenses for various non-current assets, share-based compensation charges, other income/(expenses), and income tax expense (benefit) have been and will be incurred and are not reflected in the presentation of Adjusted EBITDA. Each of these items should also be considered in the overall evaluation of our results. Additionally, Adjusted EBITDA does not consider capital expenditures and other investing activities and should not be considered as a measure of eLong's liquidity. We seek to compensate for these limitations by providing the relevant disclosure of our amortization and depreciation expenses, and share-based compensation charges in the reconciliations to the GAAP financial measure. The term Adjusted EBITDA is not defined under GAAP, and Adjusted EBITDA is not measure of net income, income from operations, operating performance or liquidity presented in accordance with GAAP. In addition, eLong's Adjusted EBITDA may not be comparable to Adjusted EBITDA or similarly titled measures utilized by other companies since such other companies may not calculate Adjusted EBITDA in the same manner as we do. Adjusted EBITDA should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for, or superior to, GAAP measures. We present a reconciliation of this non-GAAP financial measure to GAAP below. eLong, Inc. TABULAR RECONCILIATION FOR NON-GAAP MEASURE Adjusted EBITDA (IN THOUSANDS) 2012 (Unaudited) 2013 (Unaudited) Q1 Q2 Q3 Q4 2012 Q1 RMB RMB RMB RMB RMB RMB Net income/(loss) 11,883 16,013 (33,140) 5,715 471 2,772 Interest income (11,607) (14,006) (14,955) (14,691) (55,259) (14,629) Income tax expense 2,649 963 (7,178) (12,450) (16,016) 3,276 (benefit) Depreciation 5,985 6,435 7,096 7,420 26,936 7,759 Amortization of 251 279 279 247 1,056 913 intangible assets Share-based 6,948 8,168 6,979 7,853 29,948 10,439 compensation charges Foreign exchange 618 29 83 1,237 1,967 539 losses Impairment loss on equity method - - - 4,812 4,812 - investment Other (873) - (641) 1,627 113 (988) Adjusted EBITDA 15,854 17,881 (41,477) 1,770 (5,972) 10,081 Adjusted Net Income generally captures all items on the statements of operations that occur in normal course operations and have been, or ultimately will be, settled in cash and is defined as net income plus net of tax: (1) share-based compensation charges; (2) acquisition-related impacts, including (i) amortization of intangible assets, including as part of equity-method investments, and goodwill and intangible asset impairment, (ii) losses (gains) recognized on changes in the value of contingent consideration arrangements, and (iii) losses (gains) recognized on non-controlling investment basis adjustments when we acquire controlling interests; (3) foreign exchange losses; (4) certain other items, including restructuring charges; and (5) discontinued operations. We believe Adjusted Net Income is useful to investors because it represents eLong's results, taking into account depreciation, which management believes is an ongoing cost of doing business, but excluding the impact of other non-cash expenses, infrequently occurring items and items not directly tied to the core operations of our businesses. Adjusted Net Income Per Share is defined as Adjusted Net Income divided by adjusted weighted average shares outstanding, which include dilution from options and warrants per the treasury stock method and include all shares relating to Performance Units in shares outstanding for Adjusted Net Income Per Share. This differs from the GAAP method for including Performance Units, which treats them on a treasury stock method basis. Shares outstanding for Adjusted Net Income Per Share purposes are therefore higher than shares outstanding for GAAP Net Income Per Share purposes. We believe Adjusted Net Income Per Share is useful to investors because it represents, on a per share basis, eLong's consolidated results, taking into account depreciation, which we believe is an ongoing cost of doing business, as well as other items which are not allocated to the operating businesses such as interest income and income tax expense (benefit), but excluding the effects of non-cash expenses not directly tied to the core operations of our businesses. Adjusted Net Income and Adjusted Net Income Per Share have similar limitations as Adjusted EBITDA. In addition, Adjusted Net Income does not include all items that affect our net income and net income per share for the period. Therefore, we think it is important to evaluate these measures along with our consolidated statements of operations. Adjusted Net Income and Adjusted Net Income Per Share should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for, or superior to, GAAP measures. We present a reconciliation of these non-GAAP financial measures to GAAP below. eLong, Inc. TABULAR RECONCILIATION FOR NON-GAAP MEASURE Adjusted Net Income and Adjusted Net Income Per Share (IN THOUSANDS EXCEPT PER SHARE AMOUNTS) 2012 2013 (Unaudited) (Unaudited) Q1 Q2 Q3 Q4 2012 Q1 RMB RMB RMB RMB RMB RMB Net income/(loss) 11,883 16,013 (33,140) 5,715 471 2,772 Share-based compensation 6,948 8,168 6,979 7,853 29,948 10,439 charges Amortization of intangible 251 279 279 247 1,056 913 assets Foreign exchange losses 618 29 83 1,237 1,967 539 Other (40) (73) 317 1,711 1,915 (79) Adjusted net income/(loss) 19,660 24,416 (25,482) 16,763 35,357 14,584 Shares used in computing adjusted net income per share: GAAP diluted weighted 69,342 69,225 69,404 69,862 69,443 69,733 average shares outstanding Additional performance units 390 796 747 904 724 1,640 Adjusted weighted average 69,732 70,021 70,151 70,766 70,167 71,373 shares outstanding Adjusted net income/(loss) 0.28 0.35 (0.36) 0.24 0.50 0.20 per share SOURCE eLong, Inc. Website: http://www.eLong.com Website: http://www.elong.net/AboutUs/conference.html Website: http://flight.elong.com/ Website: http://www.elong.net/
eLong Reports FirstQuarter 2013 Unaudited Financial Results
Press spacebar to pause and continue. Press esc to stop.