8-KEarnings & ResultsRegulation FDOther Events+1

Expedia Group, Inc. 8-K Report, Financial Results (Jul 28, 2011)

Filed July 28, 2011For Securities:EXPE

Summary

Expedia, Inc. filed an 8-K report on July 28, 2011, primarily to disclose its financial results for the second quarter ended June 30, 2011, via a press release (Exhibit 99.1). While the full financial details are in the press release, the 8-K itself highlights the declaration of a quarterly cash dividend of $0.07 per share, payable on September 16, 2011, to shareholders of record on August 26, 2011. Additionally, the company provided an overview presentation (Exhibit 99.2) for upcoming investor and analyst meetings. Investors should note that the press release references non-GAAP financial measures, and the information furnished in this 8-K is generally not considered 'filed' for Section 18 purposes, meaning it doesn't carry the same liability as formally filed documents. The dividend announcement is a direct action impacting shareholders, while the financial results and company overview provide context for ongoing business performance and future outlook.

Key Highlights

  • 1Expedia announced its financial results for the second quarter ended June 30, 2011.
  • 2A quarterly cash dividend of $0.07 per share was declared, payable September 16, 2011.
  • 3Stockholders of record as of August 26, 2011, will receive the dividend.
  • 4The company provided a 'Second Quarter 2011 Company Overview' presentation for investor and analyst meetings.
  • 5The report includes a press release detailing the Q2 2011 financial results (Exhibit 99.1).
  • 6The company's Executive Committee approved the dividend declaration.
  • 7Information furnished in this report is not deemed 'filed' under Section 18 of the Exchange Act, except as expressly noted in future filings.

Frequently Asked Questions

The 8-K report itself does not detail the specific financial results; it only states that Expedia announced them via a press release (Exhibit 99.1). Investors would need to refer to that press release for specific revenue, profit, and other key financial metrics for the quarter ended June 30, 2011.

Yes, Expedia announced a quarterly cash dividend of $0.07 per share on its outstanding common stock. This dividend is payable on September 16, 2011, to stockholders of record as of the close of business on August 26, 2011.

Exhibit 99.2 is a presentation containing company information that Expedia management planned to use in investor and analyst meetings throughout July, August, September, and October of 2011. It likely provides a broader business update, strategic insights, and possibly more detailed operational or financial commentary beyond the quarterly earnings release.

When information is 'furnished' under General Instruction B.2. to Form 8-K, it is provided to the SEC but does not carry the same legal implications as 'filed' information. Specifically, it is not subject to liability under Section 18 of the Securities Exchange Act of 1934, which deals with liability for false or misleading statements in filed documents. This is a common practice for earnings releases and investor presentations to avoid inadvertently subjecting them to Section 18 liability, although they may be incorporated by reference into future 'filed' documents.