2018-Annual-Report-(Final).Pdf
Total Page:16
File Type:pdf, Size:1020Kb
TM 2018 ANNUAL REPORT TM TM TM BOARD OF DIRECTORS OFFICERS STOCKHOLDER INFORMATION Annual Meeting Barry Diller Barry Diller Chairman and Senior Executive Expedia Chairman and Senior Executive The annual meeting of stockholders Group, Inc. and IAC/InterActiveCorp will be held via audio webcast on Peter M. Kern December 3, 2019 at 10:30 a.m. Peter M. Kern Vice Chairman Eastern Time Vice Chairman Online audio webcast: Expedia Group, Inc. Mark D. Okerstrom www.virtualshareholdermeeting.com/ Chief Executive Officer EXPE2019 Samuel Altman and President Chief Executive Officer Stock Market Listing Open AI Alan R. Pickerill Expedia Group, Inc.’s common stock Executive Vice President and is traded on the Nasdaq Global Select Susan C. Athey Chief Financial Officer Market under the symbol “EXPE.” Economics of Technology Professor Stanford Graduate School of Business Robert J. Dzielak Registrar and Transfer Agent Chief Legal Officer and Secretary Computershare A. George (Skip) Battle Stockholder correspondence should Chairman Lance A. Soliday be mailed to: Fair Isaac Corporation Senior Vice President, Computershare Chief Accounting Officer P.O. Box 505000 Chelsea Clinton and Controller Louisville, KY 40233 Vice Chair Clinton Foundation Overnight correspondence should be mailed to: Craig A. Jacobson Computershare Partner 462 South 4th Street Suite 1600 Hansen, Jacobson, Teller, Hoberman, Louisville, KY 40202 Newman, Warren, Richman, Rush, Kaller & Gellman, L.L.P. Computershare stockholder website: https://www-us.computershare.com/- Victor A. Kaufman investor Vice Chairman IAC/InterActiveCorp Computershare stockholder online inquiries: Dara Khosrowshahi https://www-us.computershare.com/- Bringing the world Chief Executive Officer Investor/Contact Uber Technologies, Inc. Computershare within reach Mark D. Okerstrom Toll Free Number 866-202-9254 Chief Executive Officer and President U.S. 781-575-2694 Expedia Group, Inc. Independent Registered Alexander von Furstenberg Public Accounting Firm Founder and Chief Investment Officer Ernst & Young LLP Ranger Global Advisors, LLC 999 Third Avenue Suite 3500 Julie Whalen Seattle, WA 98104 Executive Vice President and Chief Financial Officer Investor Inquiries Williams-Sonoma, Inc. All inquiries can be directed as follows: (206) 481-3759 [email protected] This annual report contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking DIRECTOR EMERITUS statements reflect the views of our management regarding expectations about future events and are based on then available information. Actual results could Corporate Headquarters differ materially. The use of words such as "anticipates," "estimates," "expects," "intends," "plans" and "believes," among others, generally identify forward-looking Jonathan L. Dolgen 1111 Expedia Group Way W. statements; however, these words are not the exclusive means of identifying such statements. These forward-looking statements are inherently subject to Principal Seattle, WA 98119 uncertainties, risks and changes in circumstances that are difficult to predict. Please carefully review and consider the various disclosures made in our Annual Wood River Ventures, LLC (206) 481-7200 Report on Form 10-K enclosed herein and in our other reports filed with the Securities and Exchange Commission that attempt to advise interested parties of the risks and factors that may impact future results. The logos on the front cover are service marks or trademarks of Expedia, Inc. and/or its affiliated companies. 6/*5&%45"5&4 4&$63*5*&4"/%&9$)"/(&$0..*44*0/ 8BTIJOHUPO %$ @@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@ 'PSN, a "//6"-3&103516346"/5504&$5*0/03 E 0'5)&4&$63*5*&4&9$)"/(&"$50' 'PSUIFGJTDBMZFBSFOEFE%FDFNCFS 03 b 53"/4*5*0/3&103516346"/5504&$5*0/03 E 0'5)&4&$63*5*&4&9$)"/(&"$5 0' 'PSUIFUSBOTJUJPOQFSJPEGSPNUP $PNNJTTJPOGJMFOVNCFS @@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@ &91&%*"(3061 */$ &YBDUOBNFPGSFHJTUSBOUBTTQFDJGJFEJOJUTDIBSUFS %FMBXBSF 4UBUFPSPUIFSKVSJTEJDUJPOPG *34&NQMPZFS JODPSQPSBUJPOPSPSHBOJ[BUJPO *EFOUJGJDBUJPO/P UI"WFOVF/& #FMMFWVF 8" "EESFTTPGQSJODJQBMFYFDVUJWFPGGJDF ;JQ$PEF 3FHJTUSBOU`TUFMFQIPOFOVNCFS JODMVEJOHBSFBDPEF @@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@ 4FDVSJUJFTSFHJTUFSFEQVSTVBOUUP4FDUJPO C PGUIF"DU 5JUMFPGFBDIDMBTT /BNFPGFBDIFYDIBOHFPOXIJDISFHJTUFSFE $PNNPOTUPDL QBSWBMVF 5IF/BTEBR(MPCBM4FMFDU.BSLFU &YQFEJB(SPVQ *OD4FOJPS/PUFTEVF /FX:PSL4UPDL&YDIBOHF 4FDVSJUJFTSFHJTUFSFEQVSTVBOUUP4FDUJPO H PGUIF"DU /POF @@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@ *OEJDBUFCZDIFDLNBSLJGUIFSFHJTUSBOUJTBXFMMLOPXOTFBTPOFEJTTVFS BTEFGJOFEJO3VMFPGUIF4FDVSJUJFT "DU:FTa/Pb *OEJDBUFCZDIFDLNBSLJGUIFSFHJTUSBOUJTOPUSFRVJSFEUPGJMFSFQPSUTQVSTVBOUUP4FDUJPOPS4FDUJPO E PGUIF "DU:FTb/Pa *OEJDBUFCZDIFDLNBSLXIFUIFSUIFSFHJTUSBOU IBTGJMFEBMMSFQPSUTSFRVJSFEUPCFGJMFECZ4FDUJPOPS E PGUIF 4FDVSJUJFT&YDIBOHF"DUPGEVSJOHUIFQSFDFEJOHNPOUIT PSGPSTVDITIPSUFSQFSJPEUIBUUIFSFHJTUSBOUXBTSFRVJSFEUP GJMFTVDISFQPSUT BOE IBTCFFOTVCKFDUUPTVDIGJMJOHSFRVJSFNFOUTGPSUIFQBTUEBZT:FTa/Pb *OEJDBUFCZDIFDLNBSLXIFUIFSUIFSFHJTUSBOUIBTTVCNJUUFEFMFDUSPOJDBMMZFWFSZ*OUFSBDUJWF%BUB'JMFSFRVJSFEUPCF TVCNJUUFEQVSTVBOUUP3VMFPG3FHVMBUJPO45 `PGUIJTDIBQUFS EVSJOHUIFQSFDFEJOHNPOUIT PSGPSTVDI TIPSUFSQFSJPEUIBUUIFSFHJTUSBOUXBTSFRVJSFEUPTVCNJUTVDIGJMFT :FTa/Pb *OEJDBUFCZDIFDLNBSLJGEJTDMPTVSFPGEFMJORVFOUGJMFSTQVSTVBOUUP*UFNPG3FHVMBUJPO4,JTOPUDPOUBJOFEIFSFJO BOEXJMMOPUCFDPOUBJOFE UPUIFCFTUPGSFHJTUSBOUaTLOPXMFEHF JOEFGJOJUJWFQSPYZPSJOGPSNBUJPOTUBUFNFOUTJODPSQPSBUFECZ SFGFSFODFJO1BSU***PGUIJT'PSN,PSBOZBNFOENFOUUPUIJT'PSN,b *OEJDBUFCZDIFDLNBSLXIFUIFSUIFSFHJTUSBOUJTBMBSHFBDDFMFSBUFEGJMFS BOBDDFMFSBUFEGJMFS BOPOBDDFMFSBUFEGJMFS B TNBMMFSSFQPSUJOHDPNQBOZ PSBOFNFSHJOHHSPXUIDPNQBOZ4FFUIFEFGJOJUJPOTPGbMBSHFBDDFMFSBUFEGJMFS cbBDDFMFSBUFEGJMFS c bTNBMMFSSFQPSUJOHDPNQBOZ cBOEbFNFSHJOHHSPXUIDPNQBOZcJO3VMFCPGUIF&YDIBOHF"DU $IFDLPOF -BSHFBDDFMFSBUFEGJMFS a "DDFMFSBUFEGJMFS b /POBDDFMFSBUFEGJMFS b 4NBMMFSSFQPSUJOHDPNQBOZ b &NFSHJOHHSPXUIDPNQBOZ b *GBOFNFSHJOHHSPXUIDPNQBOZ JOEJDBUFCZDIFDLNBSLJGUIFSFHJTUSBOUIBTFMFDUFEOPUUPVTFUIFFYUFOEFEUSBOTJUJPO QFSJPEGPSDPNQMZJOHXJUIBOZOFXPSSFWJTFEGJOBODJBMBDDPVOUJOHTUBOEBSETQSPWJEFEQVSTVBOUUP4FDUJPO B PGUIF &YDIBOHF"DUQ *OEJDBUFCZDIFDLNBSLXIFUIFSUIFSFHJTUSBOUJTBTIFMMDPNQBOZ BTEFGJOFEJO3VMFCPGUIF&YDIBOHF "DU :FTb/Pa "TPG+VOF UIFBHHSFHBUFNBSLFUWBMVFPGUIFSFHJTUSBOUa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aT$PNNPO&RVJUZ 3FMBUFE4UPDLIPMEFS.BUUFSTBOE*TTVFS1VSDIBTFTPG&RVJUZ 4FDVSJUJFT *UFN 4FMFDUFE'JOBODJBM%BUB *UFN .BOBHFNFOUa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his page intentionally left blank] &YQFEJB(SPVQ *OD 'PSN, 'PSUIF:FBS&OEFE%FDFNCFS 1BSU**UFN#VTJOFTT 8FSFGFSUP&YQFEJB(SPVQ *ODBOEJUTTVCTJEJBSJFT GPSNFSMZ&YQFEJB *OD DPMMFDUJWFMZBTb&YQFEJB(SPVQ cUIF b$PNQBOZ cbVT cbXFcBOEbPVScJOUIJT"OOVBM3FQPSUPO'PSN, 'PSXBSE-PPLJOH4UBUFNFOUT 5IJT"OOVBM3FQPSUPO'PSN,DPOUBJOTbGPSXBSEMPPLJOHTUBUFNFOUTcXJUIJOUIFNFBOJOHPGUIF1SJWBUF4FDVSJUJFT -JUJHBUJPO3FGPSN"DUPG5IFTFGPSXBSEMPPLJOHTUBUFNFOUTSFGMFDUUIFWJFXTPGPVSNBOBHFNFOUSFHBSEJOHDVSSFOU FYQFDUBUJPOTBOEQSPKFDUJPOTBCPVUGVUVSFFWFOUTBOEBSFCBTFEPODVSSFOUMZBWBJMBCMFJOGPSNBUJPO"DUVBMSFTVMUTDPVMEEJGGFS NBUFSJBMMZGSPNUIPTFDPOUBJOFEJOUIFTFGPSXBSEMPPLJOHTUBUFNFOUTGPSBWBSJFUZPGSFBTPOT JODMVEJOH CVUOPUMJNJUFEUP UIPTF EJTDVTTFEJOUIFTFDUJPOFOUJUMFEb3JTL'BDUPSTcBTXFMMBTUIPTFEJTDVTTFEFMTFXIFSFJOUIJTSFQPSU0UIFSVOLOPXOPS VOQSFEJDUBCMFGBDUPSTBMTPDPVMEIBWFBNBUFSJBMBEWFSTFFGGFDUPOPVSCVTJOFTT GJOBODJBMDPOEJUJPOBOESFTVMUTPGPQFSBUJPOT "DDPSEJOHMZ SFBEFSTTIPVMEOPUQMBDFVOEVFSFMJBODFPOUIFTFGPSXBSEMPPLJOHTUBUFNFOUT5IFVTFPGXPSETTVDIBT bBOUJDJQBUFT cbFTUJNBUFT cbFYQFDUT cbJOUFOET cbQMBOTcBOEbCFMJFWFT cBNPOHPUIFST HFOFSBMMZJEFOUJGZGPSXBSEMPPLJOH TUBUFNFOUTIPXFWFS UIFTFXPSETBSFOPUUIFFYDMVTJWFNFBOTPGJEFOUJGZJOHTVDITUBUFNFOUT*OBEEJUJPO BOZTUBUFNFOUTUIBU SFGFSUPFYQFDUBUJPOT QSPKFDUJPOTPSPUIFSDIBSBDUFSJ[BUJPOTPGGVUVSFFWFOUTPSDJSDVNTUBODFTBSFGPSXBSEMPPLJOHTUBUFNFOUT 5IFTFGPSXBSEMPPLJOHTUBUFNFOUTBSFJOIFSFOUMZTVCKFDUUPVODFSUBJOUJFT SJTLTBOEDIBOHFTJODJSDVNTUBODFTUIBUBSFEJGGJDVMUUP QSFEJDU8FBSFOPUVOEFSBOZPCMJHBUJPOBOEEPOPUJOUFOEUPQVCMJDMZVQEBUFPSSFWJFXBOZPGUIFTFGPSXBSEMPPLJOH TUBUFNFOUT XIFUIFSBTBSFTVMUPGOFXJOGPSNBUJPO GVUVSFFWFOUTPSPUIFSXJTF FWFOJGFYQFSJFODFPSGVUVSFFWFOUTNBLFJUDMFBS UIBUBOZFYQFDUFESFTVMUTFYQSFTTFEPSJNQMJFECZUIPTFGPSXBSEMPPLJOHTUBUFNFOUTXJMMOPUCFSFBMJ[FE1MFBTFDBSFGVMMZSFWJFX