8-K/AExhibits & Filings

Expedia Group, Inc. 8-K/A Report, Exhibit Filing (Nov 12, 2015)

Filed November 12, 2015For Securities:EXPE

Summary

This Form 8-K/A filing from Expedia, Inc. (now Expedia Group) serves as an amendment to a previous filing, primarily to include the necessary financial statements and pro forma information related to its acquisition of Orbitz Worldwide, Inc. The original filing on September 17, 2015, announced the completion of this significant acquisition. This amendment, dated November 12, 2015, provides investors with the detailed financial data of the acquired entity (Orbitz) and projected combined financial performance. For investors, this filing is crucial for understanding the financial impact of the Orbitz acquisition on Expedia's consolidated financial position and future performance. It offers historical financial statements for Orbitz, allowing for an assessment of its financial health prior to the acquisition, as well as unaudited pro forma condensed combined financial information that illustrates how the merged entity might have performed. This information is essential for evaluating the strategic rationale and potential synergies of the acquisition.

Key Highlights

  • 1Expedia, Inc. filed an Amendment No. 1 to its Form 8-K to include financial statements of the acquired Orbitz Worldwide, Inc.
  • 2The amendment provides unaudited condensed consolidated financial statements of Orbitz as of June 30, 2015, and for the periods ending June 30, 2014 and 2015.
  • 3Audited consolidated financial statements of Orbitz for fiscal years ending December 31, 2012, 2013, and 2014 are also included.
  • 4Unaudited pro forma condensed combined financial information for Expedia and Orbitz for the year ended December 31, 2014, and for the six months ended June 30, 2015, is presented.
  • 5The filing confirms the completion of Expedia's acquisition of Orbitz Worldwide, Inc. as initially reported.
  • 6Consent from Orbitz's independent accountants, Deloitte & Touche LLP, is included as an exhibit.
  • 7The Chief Financial Officer of Expedia, Inc., Mark D. Okerstrom, signed the filing.

Frequently Asked Questions

This filing is an amendment to a prior 8-K report. Its main purpose is to provide the necessary financial statements and pro forma financial information of Orbitz Worldwide, Inc. following Expedia's completion of its acquisition of Orbitz.

The filing includes both unaudited (as of June 30, 2015, and for periods ending June 30, 2014 & 2015) and audited (for fiscal years ending December 31, 2012, 2013, & 2014) consolidated financial statements for Orbitz Worldwide, Inc.

The unaudited pro forma condensed combined financial information shows how Expedia and Orbitz's financials might have looked if they had been combined for the full year 2014 and the first six months of 2015. This helps investors understand the potential combined entity's financial performance and position.

The acquisition of Orbitz Worldwide, Inc. was completed prior to September 17, 2015, as indicated by the original Form 8-K filing date referenced in this amendment.