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Income Statement Comp. Income Cash Flow Balance Sheet All Statements
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2017 2018 2019 2020 2021 2022
10-K.Info (Beta Test)
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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 Ended12 Months Ended12 Months Ended
 Dec 31, 2017Dec 31, 2016Dec 31, 2015
Agency revenues
$
9,714,126
7,982,1166,527,898
Merchant revenues2,133,0172,048,0052,082,973
Advertising and other revenues833,939712,885613,116
Total revenues12,681,08210,743,0069,223,987
 
Cost of revenues250,537428,314632,180
Gross profit12,430,54510,314,6928,591,807
 
Operating expenses:
Performance advertising4,141,7713,479,2872,738,218
Brand advertising391,584295,698273,704
Sales and marketing561,958435,225353,221
Personnel, including stock-based compensation of $260,910, $249,574 and $247,395, respectively1,659,5811,350,0321,166,226
General and administrative585,541455,909415,420
Information technology189,344142,393113,617
Depreciation and amortization362,774309,135272,494
Impairment of goodwill0940,7000
Total operating expenses7,892,5537,408,3795,332,900
 
Operating income4,537,9922,906,3133,258,907
 
Other income (expense):
Interest income157,19494,94655,729
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 taxes4,398,3222,713,2383,128,320
 
Income tax expense2,057,557578,251576,960
Net income2,340,7652,134,9872,551,360
 
Net income applicable to common stockholders per basic common share47.7843.1450.09
Weighted-average number of basic common shares outstanding48,99449,49150,940
Net income applicable to common stockholders per diluted common share46.8642.6549.45
Weighted-average number of diluted common shares outstanding49,95450,06351,593
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BOOKING HOLDINGS INC.

Ticker: BKNG   Fiscal Year: 2017

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

Period Ending Dec 31, 2017 10-K (Filed: Feb 27, 2018)

(In Thousands, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2017Dec 31, 2016Dec 31, 2015
Other comprehensive income (loss), net of tax
Net income
$
2,340,765
2,134,9872,551,360
Foreign currency translation adjustments295,547(93,984) [1](114,505)
Net unrealized gain (loss) on marketable securities76,119 [2](285,552)619,259
Comprehensive income2,712,4311,755,4513,056,114
 
Tax (benefit) associated with gain (loss) on net investment hedges(174,584)34,26860,418
Tax (benefit) associated with gain (loss) on marketable securities81,16615,3131,551
Income Tax Authority
Domestic Tax Authority
Tax (benefit) associated with gain (loss) on marketable securities63,353
The Netherlands
Investment, Name
Ctrip.com International, Ltd.
Net unrealized gain (loss) on marketable securities which are non-taxable in the Netherlands86,019(332,756)615,848
[1] Foreign currency translation adjustments result from currency fluctuations on the translation of the Company's international non-U.S. Dollar denominated net assets, net of the impact of net investment hedges. Foreign currency translation adjustments were favorable for the year ended December 31, 2017 compared to the year ended December 31, 2016 because the U.S. Dollar weakened against certain currencies in which the Company's net assets are denominated. Foreign currency translation adjustments also include
[2] Net of tax charges of $81,166, $15,313 and $1,551 for the years ended December 31, 2017, 2016 and 2015, respectively. For the year ended December 31, 2017, the Company recorded a U.S. deferred tax liability of $63,353 related to net cumulative unrealized gains associated with certain international investments, which will be subject to U.S. federal and state income taxes if the gains are realized. Net unrealized gain (loss) on marketable securities includes net unrealized gains of $86,019 for the year ended
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BOOKING HOLDINGS INC.

Ticker: BKNG   Fiscal Year: 2017

CONSOLIDATED STATEMENTS OF CASH FLOWS

Period Ending Dec 31, 2017 10-K (Filed: Feb 27, 2018)

(In Thousands, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2017Dec 31, 2016Dec 31, 2015
Net income
$
2,340,765
2,134,9872,551,360
OPERATING ACTIVITIES:
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation187,231140,059101,517
Amortization175,543169,076170,977
Provision for uncollectible accounts62,31646,24124,324
Deferred income tax benefit(32,465)(111,905)(61,335)
Stock-based compensation expense and other stock-based payments261,274249,726249,133
Amortization of debt issuance costs9,3087,7587,578
Amortization of debt discount69,73468,97466,687
Loss on early extinguishment of debt2,36603
Impairment of goodwill0940,7000
Impairment of cost-method investments7,59763,2080
Excess tax benefits on stock-based awards and other equity deductions060,986101,508
Changes in assets and liabilities, net of effects of acquisitions:
Accounts receivable(269,732)(284,221)(68,694)
Prepaid expenses and other current assets(124,269)5,495(81,611)
Accounts payable, accrued expenses and other current liabilities687,446514,404165,985
Long-term U.S. transition tax liability1,250,84600
Other34,076(21,757)(23,909)
Net cash provided by operating activities4,662,0363,983,7313,203,523
 
INVESTING ACTIVITIES:
Purchase of investments(6,491,156)(6,741,202)(8,669,690)
Proceeds from sale of investments3,580,0013,684,1035,084,238
Additions to property and equipment(287,805)(219,889)(173,915)
Acquisitions and other investments, net of cash acquired(1,003,075)(7,813)(140,338)
Acquisition of land-use rights0(48,494)0
Proceeds from foreign currency contracts0453,818
Payments on foreign currency contracts00(448,640)
Net cash used in investing activities(4,202,035)(3,333,295)(3,894,527)
 
FINANCING ACTIVITIES:
Proceeds from revolving credit facility00225,000
Payments related to revolving credit facility00(225,000)
Proceeds from the issuance of long-term debt2,044,952994,7052,399,034
Payment of debt issuance costs - revolving credit facility00(4,005)
Payments related to conversion of senior notes(285,718)0(147,629)
Payment of debt(15,118)00
Payments for repurchase of common stock(1,827,919)(1,011,574)(3,088,839)
Payments of contingent consideration00(10,700)
Proceeds from exercise of stock options5,14015,57220,851
Net cash used in financing activities(78,663)(1,297)(831,288)
 
Effect of exchange rate changes on cash, cash equivalents and restricted cash and cash equivalents99,996(45,203)(149,131)
Net increase (decrease) in cash, cash equivalents and restricted cash and cash equivalents481,334603,936(1,671,423)
 
Cash, cash equivalents and restricted cash and cash equivalents, beginning of period2,082,0071,478,071
Cash, cash equivalents and restricted cash and cash equivalent, end of period2,563,3412,082,0071,478,071
 
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid during the period for income taxes702,421636,550534,105
Cash paid during the period for interest154,853125,91254,299
Non-cash investing activity for contingent consideration009,170
Non-cash financing activity1,00000
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BOOKING HOLDINGS INC.

Ticker: BKNG   Fiscal Year: 2017

CONSOLIDATED BALANCE SHEETS

Period Ending Dec 31, 2017 10-K (Filed: Feb 27, 2018)

(In Thousands, except shares in actual)
 As ofAs of
 Dec 31, 2017Dec 31, 2016
ASSETS
Current assets:
Cash and cash equivalents
$
2,541,604
2,081,075
Short-term investments4,859,8732,218,880
Accounts receivable, net of allowance for doubtful accounts of $39,282 and $25,565, respectively1,217,801860,115
Prepaid expenses and other current assets415,527241,449
Total current assets9,034,8055,401,519
 
Property and equipment, net480,081347,017
Intangible assets, net2,176,8231,993,885
Goodwill2,737,6712,396,906
Long-term investments10,421,6009,591,067
Other assets600,283108,579
Total assets25,451,26319,838,973
 
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable667,523419,108
Accrued expenses and other current liabilities1,138,980857,467
Deferred merchant bookings980,455614,361
Convertible debt710,910967,734
Total current liabilities3,497,8682,858,670
 
Deferred income taxes481,139822,334
Long-term U.S. transition tax liability1,250,8460
Other long-term liabilities148,061138,767
Long-term debt8,809,7886,170,522
Total liabilities14,187,7029,990,293
 
Commitments and Contingencies (See Note 14)  
Convertible debt2,96328,538
Stockholders' equity:
Common stock, $0.008 par value, authorized 1,000,000,000 shares, 62,689,097 and 62,379,247 shares issued, respectively487485
Treasury stock, 14,216,819 and 13,190,929 shares, respectively(8,698,829)(6,855,164)
Additional paid-in capital5,783,0895,482,653
Retained earnings13,938,86911,326,852
Accumulated other comprehensive income (loss)236,982(134,684)
Total stockholders' equity11,260,5989,820,142
 
Total liabilities and stockholders' equity25,451,26319,838,973
 
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