Research and Analysis Using the Annual Report

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.

	Authorized Shares	Issued Shares	Outstanding Shares
Common stock

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 Selectpurchase treasury stock.reduce outstanding debt.finance the expansion of its business.Item 4

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

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.)

Return on common equity		%
Earnings per share	$	per share