Business Context and Reporting Period
Company: Expedia, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: January 24, 2007
Reporting Period: The filing references financial data for the years ended December 31, 2005, 2004, and 2003, as well as the three and nine-month periods ended September 30, 2006 and 2005.
Key Financial Metrics
This filing does not contain specific numerical values for revenue, profit, cash flow, margins, or debt levels within the text body. Instead, it serves as a vehicle to incorporate previously filed financial statements into a new registration.
- Debt Instrument: $500.0 million of senior unsecured notes due 2018 (issued August 21, 2006).
- Financial Statements Included:
- Audited consolidated balance sheets (Dec 31, 2005 and 2004).
- Unaudited consolidated balance sheet (Sep 30, 2006).
- Statements of income, equity, and cash flows for the three years ended Dec 31, 2005, and the three/nine months ended Sep 30, 2006.
Material Changes and Events
The primary event reported is the intent to register the exchange of the $500.0 million senior unsecured notes (issued privately in August 2006) for registered notes with identical financial terms and covenants. This 8-K is filed to incorporate the company's financial statements into the anticipated Form S-4 Registration Statement.
Except for the addition of supplemental condensed consolidating financial information (Note 22 for 2005 data and Note 14 for 2006 data) required by Regulation S-X, the financial data remains unchanged from the previously filed Form 10-K (2005) and Form 10-Q (Q3 2006).
Guidance, Outlook, and Risks
The filing text does not provide management commentary, forward-looking guidance, or specific risk factors. The document is procedural, focusing on the regulatory requirement to update the registration statement for the note exchange.
Investor Verification Checklist
- Verify the terms of the $500.0 million senior unsecured notes due 2018 in the upcoming Form S-4.
- Review the supplemental consolidating financial information in Note 22 (2005) and Note 14 (2006) attached as Exhibits 99.1 and 99.2.
- Confirm the status of the Form S-4 filing to ensure the exchange of notes for registered notes proceeds as anticipated.
- Refer to the original Form 10-K (2005) and Form 10-Q (Q3 2006) for detailed revenue, profit, and cash flow figures, as this 8-K does not list them explicitly.