Business Context and Reporting Period
Company: Expedia, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: May 1, 2014
Reporting Period: Quarter ended March 31, 2014
This filing announces the financial results for the first quarter of 2014 and declares a quarterly cash dividend. Detailed financial metrics are referenced in the attached press release (Exhibit 99.1) but are not explicitly detailed within the text of this 8-K form.
Key Financial Metrics
The filing text references the announcement of financial results for the quarter ended March 31, 2014, including non-GAAP measures and reconciliations to GAAP measures. However, the specific numerical values for revenue, profit, cash flow, margins, debt, and liquidity are not provided in the body of this document.
- Revenue/Profit/Cash Flow: Not specified in filing text (referenced in Exhibit 99.1).
- Dividend Declaration: $0.15 per share of outstanding common stock.
- Dividend Record Date: May 30, 2014.
- Dividend Payment Date: June 19, 2014.
Material Changes
The filing does not contain specific comparative data to quantify material changes versus the prior comparable period. It notes that the full earnings release contains the necessary financial data and non-GAAP reconciliations to assess performance changes.
Guidance, Outlook, and Risks
Management Commentary: The filing directs investors to the press release (Exhibit 99.1) for management commentary and non-GAAP financial measures.
Risks and Contingencies: The filing includes a standard disclaimer pursuant to General Instruction B.2. to Form 8-K, stating that the information in Item 2.02 is not deemed "filed" for purposes of Section 18 of the Exchange Act and is not subject to the liabilities of that section, except as expressly set forth by specific reference.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific Q1 2014 revenue, net income, and earnings per share figures.
- Verify the reconciliation of non-GAAP financial measures to GAAP measures in the attached press release.
- Confirm the dividend payment schedule: Record date of May 30, 2014, and payment date of June 19, 2014.
- Check for any forward-looking guidance or outlook statements contained within the referenced press release.