Expedia, Inc. Form 8-K Summary
Business Context and Reporting Period
This Current Report (Form 8-K) was filed by Expedia, Inc. on July 28, 2011. The filing primarily serves to announce the company's financial results for the quarter ended June 30, 2011, and to disclose a new quarterly cash dividend.
Key Financial Metrics
The filing text itself does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These metrics are contained within the press release furnished as Exhibit 99.1, which is referenced but not included in the provided text.
Material Changes and Events
- Dividend Declaration: The Executive Committee declared a quarterly cash dividend of $0.07 per share of outstanding common stock.
- Payment Details: The dividend is payable on September 16, 2011, to stockholders of record as of the close of business on August 26, 2011.
- Results Announcement: Financial results for the second quarter of 2011 were announced, including non-GAAP financial measures.
Guidance, Outlook, and Management Commentary
Management intends to conduct presentations to investors and analysts during July, August, September, and October 2011. These presentations will utilize slides containing company information attached as Exhibit 99.2. The filing notes that the information in Items 2.02 and 7.01 is not deemed "filed" for purposes of Section 18 of the Exchange Act.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific Q2 2011 revenue, earnings per share, and operating margin figures.
- Verify the record date (August 26, 2011) and payment date (September 16, 2011) for the $0.07 dividend.
- Examine Exhibit 99.2 for management's forward-looking statements and strategic outlook for the remainder of 2011.
- Confirm the reconciliation of non-GAAP financial measures mentioned in the press release against GAAP results.