10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||||||||||||
| |||||||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
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 Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| OPERATING ACTIVITIES: | |||
| Net income | $ 528,142 | 489,472 | 185,624 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation | 16,209 | 14,491 | 14,388 |
| Amortization | 34,255 | 24,702 | 28,680 |
| Provision for uncollectible accounts, net | 7,102 | 3,227 | 13,113 |
| Reversal of valuation allowances on deferred tax assets | (183,272) | ||
| Other deferred income taxes | 37,540 | 30,990 | 19,899 |
| Stock-based compensation and other stock based payments | 68,396 | 40,671 | 40,522 |
| Amortization of debt issuance costs | 3,332 | 2,465 | 2,525 |
| Amortization of debt discount | 20,110 | 18,203 | 26,669 |
| Loss (gain) on early extinguishment of debt | 11,334 | 1,048 | (6,014) |
| Equity in (income) loss of investees | (2) | 310 | |
| Loss on impairment of investment | 843 | ||
| 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 liabilities | 84,750 | 86,792 | 32,245 |
| Other | 17,775 | 4,624 | 4,790 |
| Net cash provided by operating activities | 777,297 | 509,665 | 315,553 |
| INVESTING ACTIVITIES: | |||
| Purchase of investments | (1,813,032) | (922,163) | (196,308) |
| Proceeds from sale of investments | 1,071,669 | 432,184 | 218,555 |
| 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.com | 8,921 | ||
| Proceeds from foreign currency contracts | 44,564 | ||
| Payments on foreign currency contracts | (9,561) | (5,025) | |
| Change in restricted cash | 260 | 1,229 | (1,197) |
| Net cash used in investing activities | (841,098) | (501,460) | (151,905) |
| FINANCING ACTIVITIES: | |||
| Proceeds from the issuance of convertible senior notes | 575,000 | ||
| 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 interests | 4,311 | ||
| Proceeds from exercise of stock options | 25,751 | 43,428 | 5,507 |
| Proceeds from the termination of conversion spread hedges | 42,984 | ||
| Excess tax benefit from stock-based compensation | 3,091 | 2,149 | 7,037 |
| Net cash provided by (used in) provided by financing activities | 212,957 | (168,960) | (168,848) |
| Effect of exchange rate changes on cash and cash equivalents | 7,670 | (1,654) | (15,609) |
| Net increase (decrease) in cash and cash equivalents | 156,826 | (162,409) | (20,809) |
| Cash and cash equivalents, beginning of period | 202,141 | 364,550 | |
| Cash and cash equivalents, end of period | 358,967 | 202,141 | 364,550 |
| SUPPLEMENTAL CASH FLOW INFORMATION: | |||
| Cash paid during the period for income taxes | 169,320 | 95,512 | 66,948 |
| Cash paid during the period for interest | 4,901 | 4,448 | 6,353 |
| Non-cash fair value adjustments for redeemable noncontrolling interests | 7,876 | ||
| External Links | |
| BOOKING HOLDINGS INC. (BKNG) Fiscal Year 2010 | |
| 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 |