Expedia Inc. Declares Quarterly Cash Dividend, Payable on September 17, 2015
Jul 30 15
On June 30, 2015, Expedia Inc. announced that its Executive Committee, acting on behalf of its Board of Directors, has declared a quarterly cash dividend of $0.24 per share of outstanding common stock payable on September 17, 2015 to stockholders of record as of the close of business on August 27, 2015. The Executive Committee of Expedia’s Board of Directors approved a 33% increase in the cash dividend payable in September. On June 18, 2015, Expedia Inc. paid a quarterly dividend of $23 million ($0.18 per common share).
Expedia Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Full Year 2015
Jul 30 15
Expedia Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue of $1,662,600,000 compared to $1,494,632,000 a year ago. Operating income was $90,092,000 compared to $129,220,000 a year ago. Income before income taxes was $558,057,000 compared to $106,605,000 a year ago. Net income attributable to the company was $449,644,000 or $3.38 per diluted share compared to $89,373,000 or $0.67 per diluted share a year ago. Adjusted EBITDA was $252,349,000 compared to $259,256,000 a year ago. Adjusted net income was $118,554,000 or $0.89 per diluted share compared to $137,649,000 or $1.03 per diluted share a year ago. Free cash flow was $244.9 million compared to $411 million a year ago.
For the six months period, the company reported revenue of $3,035,997,000 compared to $2,695,003,000 a year ago. Operating income was $39,091,000 compared to $126,222,000 a year ago. Income before income taxes was $589,708,000 compared to $87,120,000 a year ago. Net income attributable to the company was $493,787,000 or $3.74 per diluted share compared to $75,069,000 or $0.56 per basic and diluted share a year ago. Net cash provided by operating activities was $1,662,031,000 compared to $1,464,942,000 a year ago. Capital expenditures, including internal-use software and website development were $468,727,000 compared to $157,213,000 a year ago. Adjusted EBITDA was $354,112,000 compared to $366,027,000 a year ago. Adjusted net income was $114,390,000 or $0.86 per diluted share compared to $159,116,000 or $1.18 per diluted share a year ago. Free cash flow totaled $1.2 billion.
For the full year 2015, the company are maintaining adjusted EBITDA guidance for Expedia, excluding eLong, in line with prior guidance range of 10% to 15%. Full year effective tax rate to a more normalized mid-20% range.
Expedia Inc. Presents at Guggenheim TMT Symposium 2015, Jun-17-2015 02:00 PM
Jun 13 15
Expedia Inc. Presents at Guggenheim TMT Symposium 2015, Jun-17-2015 02:00 PM. Venue: St. Regis Hotel, 2 E 55th St, New York, NY 10022, United States. Speakers: Barry Diller, Executive Chairman, Senior Executive and Chairman of Executive Committee.