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 http://www.sec.gov and click ‘‘Search for company filings’’ under ‘‘Filings & Forms (EDGAR).’’

Required:

. How many shares of common stock are authorized, issued, and outstanding?

. Why didn’t Priceline.com pay dividends to common stockholders in any of the three years shown?

. What is the common stockholders’ equity for 2006?

. How many shares of treasury stock were held at the end of 2006?

. Calculate the dividend and stock repurchase payouts.

. 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.

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