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Expedia, Inc.
4200 150th Avenue NE, Redmond, WA 98052 * (425) 705-5161
Business Description The company is the leading provider of branded online travel services for leisure and small business travelers.
Offering
Information

Company has
gone public

Trading As  EXPE (NASNTL) Industry  Internet (SIC 4724)
Type of Stock Offered  Class A Common Shares Filing Date  9/23/99
Domestic Shares Offered  4,160,000 Offer Date  11/9/99
Foreign Shares Offered  1,040,000 Filing Range  $10.00 - $12.00
Company Shares  5,200,000 Offer Price  $14.00
Selling Shrhldrs Shares  0 Gross Spread  $0.980
Gross Proceeds  $72,800,000 Selling  $0.580
Expenses  - - Reallowance  $0.100
Post-IPO Shares  - - Employees  - -
Spun out from Microsoft Corporation
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Goldman, Sachs & Co. Lead Manager (212) 902-5959
Morgan Stanley Dean Witter Co-manager (212) 761-5900
Income
Statement
and
Cash Flow
Summary
  Prior
Audited
Income
Latest
Unaudited
Income
  Full Year Audited Figures - - Months Ending
Figures in U.S. millions except per share data 6/30/95 6/30/96 6/30/97 6/30/98 6/30/99    
Revenues   0.000 0.000 2.742 13.827 38.699 - -
Income from Oper.   - - - - - - -
Net Income   -0.963 -7.800 -28.921 -29.478 -19.602 - -
E.P.S   - - - - - - -
Revenue Growth (%)      - - 404.27 179.880   -
Net Income Growth (%)      - - - -   -
Oper. Profit Margin (%)    - - - - - - -
Net Profit Margin (%)    - - - - - - -
Cash Flow - Oper.     -17.37 - -
Cash Flow - Inv.     -0.65 - -
Cash Flow - Fin.     18.02 - -
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 6/30/99 Financial Ratios
Total Assets    5.76 Current Assets    4.97 Current Ratio    1.39
Total Liab.    7.43 Current Liab.    3.58 Debt Ratio    129.10%
Total Equity    -1.68 Working Cap.    1.39 Debt to Equity Ratio    -
Cash    -    Return on Assets   -
Use Of
Proceeds
The proceeds from the proposed offering will be used for working capital and general corporate purposes.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Preston Gates & Ellis
Bank's Law Firm  Sullivan & Cromwell
Registrar/Transfer Agent  ChaseMellon Shareholder Services, L.L.C.
Auditor  Deloitte & Touche
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Principal
Shareholders
Name of Shareholder% Owned
Before
% Owned
After
Microsoft Corporation 100.00  
Note: represents ownership of 5% or more prior to the offering.

Last updated: 11/21/99 12:56:17 PM
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