RESEARCHING AND ANALYSIS USING THE ANNUAL REPORT
Obtain Priceline.com's 2006 10-K through the ‘‘Investor Relations'' portion of their website (do a web search for investor relations), or go to https://www.sec.gov and click ‘‘Search for company filings'' under ‘‘Filings & Forms (EDGAR).''
Required:
1. How many shares of common stock are authorized, issued, and outstanding?
2. Why didn't Priceline.com pay dividends to common stockholders in any of the three years shown?
3. What is the common stockholders' equity for 2006?
4. How many shares of treasury stock were held at the end of 2006?
5. Calculate the dividend and stock repurchase payouts.
6. Taking the weighted average number of basic common shares outstanding from the EPS information at the bottom of the income statement, calculate the stock- holder profitability ratios.