News for Expedia
Feb 11 · 1:50:00 PM · Source: Company Press Release
Expedia's press release is confusing and hard to follow, which does not instill confidence. Here's their section on their cash flow, which might just be the most important thing to look at "Net cash provided by operating activities in 2009 was $676 million and free cash flow was $584 million. Both measures include $207 million from net changes in operating assets and liabilities, primarily driven by an improvement in our merchant hotel bookings in the fourth quarter of 2009 compared to 2008. Free cash flow increased $223 million in 2009 primarily due to growth in our merchant hotel business, lower capital expenditures and higher OIBA, partially offset by occupancy tax assessments and an increase in cash paid for interest and income taxes."
Also, Expedia’s Board of Directors declared a quarterly cash dividend of $0.07 per share of outstanding common stock to be paid to stockholders of record as of the close of business on March 11, 2010, with a payment date of March 31, 2010.
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by Rich Pike
Oct 29 · 10:07:00 AM · Source: Company News
Expedia today reported third quarter profit of $117 million, or 40 cents a share, up from $94.8 million, or 33 cents a share, a year earlier. Excluding items such as restructuring costs and foreign-exchange losses, earnings climbed to 48 cents from 39 cents. Revenue increased 2% to $852.4 million.
Earnings top Street expectations.
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by Larry Etter
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