Business Context and Reporting Period
Company: Expedia, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: April 29, 2010
Reporting Period: Quarter ended March 31, 2010
This filing announces the financial results for the first quarter of 2010 and includes a declaration of a quarterly cash dividend. The full text of the earnings press release is incorporated by reference as Exhibit 99.1.
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 referenced press release (Exhibit 99.1) and the Company Overview (Exhibit 99.2), which are not included in the provided source 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 June 17, 2010, to stockholders of record as of the close of business on May 27, 2010.
- Non-GAAP Measures: The company references the use of non-GAAP financial information in its press release, with reconciliation details provided therein.
Guidance, Outlook, and Risks
Management Presentations: Company management intends to present to investors and analysts during April, May, June, and July 2010 using slides attached as Exhibit 99.2. These materials are not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934.
Outlook and Risks: The provided text does not contain specific forward-looking guidance, risk factors, or management commentary regarding future performance beyond the schedule of investor presentations.
Investor Verification Checklist
- Verify the specific revenue and earnings figures in the full press release (Exhibit 99.1) as they are not listed in the 8-K summary text.
- Confirm the record date (May 27, 2010) and payment date (June 17, 2010) for the $0.07 per share dividend.
- Review the non-GAAP financial measure reconciliations in the press release to understand adjustments made to GAAP results.
- Examine the investor presentation slides (Exhibit 99.2) for qualitative outlook and strategic updates, noting they are not legally "filed" documents.