Obtain Priceline.com\'s 2011 10-K (remember, the 2011 10-K is filed with the SEC
ID: 2481951 • Letter: O
Question
Obtain Priceline.com's 2011 10-K (remember, the 2011 10-K is filed with the SEC in early 2012) either through the "Investor Relations" portion of its website (do a web search for Priceline investor relations), or go to www.sec.gov and click "Search for Company Filings" under "Filings & Forms."
Required:
1. How many shares of common stock are authorized, issued, and outstanding at December 31, 2011? Round your answer(s) to the nearest whole value/dollar.
2. What is Priceline.com's dividend policy? Why didn't Priceline.com pay dividends to common stockholders in any of the 3 years shown? Priceline intends to retain future earnings to
3. What is the common stockholders' equity at December 31, 2011 (in thousands)? Round your answer(s) to the nearest whole value/dollar.
$ thousand
4. How many shares of treasury stock were held at the end of 2011? What did they cost? Round your answer(s) to the nearest whole value/dollar.
shares at a cost of $ thousand
5. Calculate the dividend and stock repurchase payouts. (Note: Round answers to two decimal places and use "Net income applicable to common stockholders" instead of net income in the ratio calculations.) If an answer is zero, enter "0".
6. Taking the weighted average number of basic common shares outstanding from the EPS information at the bottom of the income statement, calculate the stockholder profitability ratios (Use "Net income applicable to common stockholders" instead of net income in the ratio calculations.). (Note: Round answers to two decimal places.)
Authorized Shares Issued Shares Outstanding Shares Common stockExplanation / Answer
1. Shares of common stock are authorized, issued, and outstanding at December 31, 2011
2. Priceline.com's dividend policy - "We have not declared or paid any cash dividends on our capital stock since our inception and do not expect to pay any cash dividends for the foreseeable future."
Priceline.com didn't pay dividends to common stockholders in any of the 3 years shown because they are looking to finance the expansion of thier business.
Theycurrently intend to retain future earnings, if any, to finance the expansion of our business.
3. Common stockholders' equity at December 31, 2011- $2,574,295
4. Number of shares of treasury stock that were held at the end of 2011 are 7,779,645. They cost $803,586
Authorized Issued Outstanding Common Stock 1,000,000,000 57,578,431 9,42,421,569Related Questions
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