10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
BOOKING HOLDINGS INC. | |||
Ticker: BKNG Fiscal Year: 2017 | |||
CONSOLIDATED STATEMENTS OF OPERATIONS | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 27, 2018) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Agency revenues | $ 9,714,126 | 7,982,116 | 6,527,898 |
| Merchant revenues | 2,133,017 | 2,048,005 | 2,082,973 |
| Advertising and other revenues | 833,939 | 712,885 | 613,116 |
| Total revenues | 12,681,082 | 10,743,006 | 9,223,987 |
| Cost of revenues | 250,537 | 428,314 | 632,180 |
| Gross profit | 12,430,545 | 10,314,692 | 8,591,807 |
| Operating expenses: | |||
| Performance advertising | 4,141,771 | 3,479,287 | 2,738,218 |
| Brand advertising | 391,584 | 295,698 | 273,704 |
| Sales and marketing | 561,958 | 435,225 | 353,221 |
| Personnel, including stock-based compensation of $260,910, $249,574 and $247,395, respectively | 1,659,581 | 1,350,032 | 1,166,226 |
| General and administrative | 585,541 | 455,909 | 415,420 |
| Information technology | 189,344 | 142,393 | 113,617 |
| Depreciation and amortization | 362,774 | 309,135 | 272,494 |
| Impairment of goodwill | 0 | 940,700 | 0 |
| Total operating expenses | 7,892,553 | 7,408,379 | 5,332,900 |
| Operating income | 4,537,992 | 2,906,313 | 3,258,907 |
| Other income (expense): | |||
| Interest income | 157,194 | 94,946 | 55,729 |
| Interest expense | (253,976) | (207,900) | (160,229) |
| Foreign currency transactions and other | (35,291) | (16,913) | (26,087) |
| Impairment of cost-method investments | (7,597) | (63,208) | 0 |
| Total other expense | (139,670) | (193,075) | (130,587) |
| Earnings before income taxes | 4,398,322 | 2,713,238 | 3,128,320 |
| Income tax expense | 2,057,557 | 578,251 | 576,960 |
| Net income | 2,340,765 | 2,134,987 | 2,551,360 |
| Net income applicable to common stockholders per basic common share | 47.78 | 43.14 | 50.09 |
| Weighted-average number of basic common shares outstanding | 48,994 | 49,491 | 50,940 |
| Net income applicable to common stockholders per diluted common share | 46.86 | 42.65 | 49.45 |
| Weighted-average number of diluted common shares outstanding | 49,954 | 50,063 | 51,593 |
| External Links | |
| BOOKING HOLDINGS INC. (BKNG) Fiscal Year 2017 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |