10-K.Info (Beta Test)
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Income Statement Cash Flow Balance Sheet All Statements
2010 2011 2012 2013 2014 2015 2016
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10-K.Info (Beta Test)
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BOOKING HOLDINGS INC.

Ticker: BKNG   Fiscal Year: 2010

CONSOLIDATED STATEMENTS OF OPERATIONS

Period Ending Dec 31, 2010 10-K (Filed: Feb 25, 2011)

(In Thousands)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2010Dec 31, 2009Dec 31, 2008
Merchant revenues
$
1,691,640
1,447,5761,218,162
Agency revenues1,380,603868,395648,792
Other revenues12,66222,24117,852
Total revenues3,084,9052,338,2121,884,806
 
Cost of revenues1,175,9341,077,449928,835
Gross profit1,908,9711,260,763955,971
 
Operating expenses:
Advertising - Offline35,71436,27038,032
Advertising - Online552,140365,381270,713
Sales and marketing116,30381,23877,948
Personnel, including stock-based compensation of $68,200, $40,671 and $40,522, respectively270,071180,152163,785
General and administrative81,18568,55555,267
Information technology20,99819,13917,956
Depreciation and amortization45,76339,19342,796
Total operating expenses1,122,174789,928666,497
 
Operating income786,797470,835289,474
 
Other income (expense):
Interest income3,8572,22311,660
Interest expense(29,944)(24,084)(34,853)
Foreign currency transactions and other(14,427)(6,672)9,824
Total other income (expense)(40,514)(28,533)(13,369)
 
Earnings before income taxes and equity in income (loss) of investees746,283442,302276,105
 
Income tax (expense) benefit(218,141)47,168(90,171)
Equity in income (loss) of investees2(310)
Net income528,142489,472185,624
 
Less: net income attributable to noncontrolling interests6013,378
Net income applicable to common stockholders of priceline.com, Inc.527,541489,472182,246
 
Net income applicable to common stockholders per basic common share (in dollars per share)11.0011.544.64
Weighted average number of basic common shares outstanding (in shares)47,95542,40639,299
Net income applicable to common stockholders per diluted common share (in dollars per share)10.359.883.74
Weighted average number of diluted common shares outstanding (in shares)50,98849,52248,671
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BOOKING HOLDINGS INC.

Ticker: BKNG   Fiscal Year: 2010

CONSOLIDATED STATEMENTS OF CASH FLOWS

Period Ending Dec 31, 2010 10-K (Filed: Feb 25, 2011)

(In Thousands, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2010Dec 31, 2009Dec 31, 2008
OPERATING ACTIVITIES:
Net income
$
528,142
489,472185,624
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation16,20914,49114,388
Amortization34,25524,70228,680
Provision for uncollectible accounts, net7,1023,22713,113
Reversal of valuation allowances on deferred tax assets(183,272)
Other deferred income taxes37,54030,99019,899
Stock-based compensation and other stock based payments68,39640,67140,522
Amortization of debt issuance costs3,3322,4652,525
Amortization of debt discount20,11018,20326,669
Loss (gain) on early extinguishment of debt11,3341,048(6,014)
Equity in (income) loss of investees(2)310
Loss on impairment of investment843
Changes in assets and liabilities:
Accounts receivable(29,275)(22,767)(42,888)
Prepaid expenses and other current assets(22,373)(979)(5,153)
Accounts payable, accrued expenses and other current liabilities84,75086,79232,245
Other17,7754,6244,790
Net cash provided by operating activities777,297509,665315,553
 
INVESTING ACTIVITIES:
Purchase of investments(1,813,032)(922,163)(196,308)
Proceeds from sale of investments1,071,669432,184218,555
Purchase of shares held by noncontrolling interests(154,034)
Additions to property and equipment(22,593)(15,106)(18,322)
Acquisitions and other equity investments, net of cash acquired(112,405)(1,500)(599)
Proceeds from redemption of equity investment in pricelinemortgage.com8,921
Proceeds from foreign currency contracts44,564
Payments on foreign currency contracts(9,561)(5,025)
Change in restricted cash2601,229(1,197)
Net cash used in investing activities(841,098)(501,460)(151,905)
 
FINANCING ACTIVITIES:
Proceeds from the issuance of convertible senior notes575,000
Payment of debt issuance costs(13,334)
Payments related to conversion of senior notes(295,401)(197,122)(176,943)
Repurchase of common stock(129,445)(17,415)(4,449)
Proceeds from the sale of subsidiary shares to noncontrolling interests4,311
Proceeds from exercise of stock options25,75143,4285,507
Proceeds from the termination of conversion spread hedges42,984
Excess tax benefit from stock-based compensation3,0912,1497,037
Net cash provided by (used in) provided by financing activities212,957(168,960)(168,848)
 
Effect of exchange rate changes on cash and cash equivalents7,670(1,654)(15,609)
Net increase (decrease) in cash and cash equivalents156,826(162,409)(20,809)
 
Cash and cash equivalents, beginning of period202,141364,550
Cash and cash equivalents, end of period358,967202,141364,550
 
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid during the period for income taxes169,32095,51266,948
Cash paid during the period for interest4,9014,4486,353
Non-cash fair value adjustments for redeemable noncontrolling interests7,876
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BOOKING HOLDINGS INC.

Ticker: BKNG   Fiscal Year: 2010

CONSOLIDATED BALANCE SHEETS

Period Ending Dec 31, 2010 10-K (Filed: Feb 25, 2011)

(In Thousands, except shares in actual)
 As ofAs of
 Dec 31, 2010Dec 31, 2009
ASSETS
Current assets:
Cash and cash equivalents
$
358,967
202,141
Restricted cash1,0501,319
Short-term investments1,303,251598,014
Accounts receivable, net of allowance for doubtful accounts of $6,353 and $5,023, respectively162,426118,659
Prepaid expenses and other current assets61,21136,828
Deferred income taxes70,55965,980
Total current assets1,957,4641,022,941
 
Property and equipment, net39,73930,489
Intangible assets, net232,030172,080
Goodwill510,894350,630
Deferred income taxes151,408253,700
Other assets14,4184,384
Total assets2,905,9531,834,224
 
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable90,31160,568
Accrued expenses and other current liabilities243,767127,561
Deferred merchant bookings136,91560,758
Convertible debt (see Note 11)175159,878
Total current liabilities471,168408,765
 
Deferred income taxes56,44043,793
Other long-term liabilities42,99024,052
Convertible debt (See Note 11)476,230
Total liabilities1,046,828476,610
 
Commitments and Contingencies (see Note 16)  
Redeemable noncontrolling interests (see Note 13)45,751
Convertible debt (see Note 11)3835,985
Stockholders' equity:
Common stock, $0.008 par value, authorized 1,000,000,000 shares, 56,567,236 and 52,446,173 shares issued, respectively438405
Treasury stock, 7,421,128 and 6,865,119 shares, respectively(640,415)(510,970)
Additional paid-in capital2,417,0922,289,867
Accumulated earnings (deficit)69,110(454,673)
Accumulated other comprehensive loss(32,889)(3,000)
Total stockholders' equity1,813,3361,321,629
 
Total liabilities and stockholders' equity2,905,9531,834,224
 
External Links 
BOOKING HOLDINGS INC. (BKNG) Fiscal Year 2010
Statements of 10-K in Excel https://www.sec.gov/.../Financial.xlxs
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Complete 10-K in XBRL https://www.sec.gov/.../10-K-xbrl.zip