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: 2011 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 27, 2012) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| OPERATING ACTIVITIES: | |||
| Net income | $ 1,059,131 | 528,142 | 489,472 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation | 20,648 | 16,209 | 14,491 |
| Amortization | 33,176 | 34,255 | 24,702 |
| Provision for uncollectible accounts, net | 9,331 | 7,102 | 3,227 |
| Reversal of valuation allowances on deferred tax assets | 0 | 0 | (183,272) |
| Other deferred income taxes | 44,747 | 37,540 | 30,990 |
| Stock-based compensation and other stock based payments | 66,194 | 68,396 | 40,671 |
| Amortization of debt issuance costs | 2,360 | 3,332 | 2,465 |
| Amortization of debt discount | 21,414 | 20,110 | 18,203 |
| Loss on early extinguishment of debt | 32 | 11,334 | 1,048 |
| Equity in income of investees | 0 | 0 | (2) |
| Changes in assets and liabilities: | |||
| Accounts receivable | (125,793) | (29,275) | (22,767) |
| Prepaid expenses and other current assets | 12,213 | (22,373) | (979) |
| Accounts payable, accrued expenses and other current liabilities | 210,325 | 84,750 | 86,792 |
| Other | (11,966) | 17,775 | 4,624 |
| Net cash provided by operating activities | 1,341,812 | 777,297 | 509,665 |
| INVESTING ACTIVITIES: | |||
| Purchase of investments | (3,005,397) | (1,813,032) | (922,163) |
| Proceeds from sale of investments | 2,229,563 | 1,071,669 | 432,184 |
| Additions to property and equipment | (46,833) | (22,593) | (15,106) |
| Acquisitions and other equity investments, net of cash acquired | (68,192) | (112,405) | (1,500) |
| Proceeds from redemption of equity investment in pricelinemortgage.com | 0 | 0 | 8,921 |
| Proceeds from foreign currency contracts | 31,045 | 44,564 | 0 |
| Payments on foreign currency contracts | (42,032) | (9,561) | (5,025) |
| Change in restricted cash | (2,922) | 260 | 1,229 |
| Net cash used in investing activities | (904,768) | (841,098) | (501,460) |
| FINANCING ACTIVITIES: | |||
| Proceeds from the issuance of convertible senior notes | 0 | 575,000 | 0 |
| Payment of debt issuance costs | 0 | (13,334) | 0 |
| Payments related to conversion of senior notes | (213) | (295,401) | (197,122) |
| Repurchase of common stock | (163,171) | (129,445) | (17,415) |
| Payments to purchase subsidiary shares from noncontrolling interests | (12,986) | 0 | 0 |
| Proceeds from the sale of subsidiary shares to noncontrolling interests | 0 | 4,311 | 0 |
| Proceeds from exercise of stock options | 4,302 | 25,751 | 43,428 |
| Proceeds from the termination of conversion spread hedges | 0 | 42,984 | 0 |
| Excess tax benefit from stock-based compensation | 21,041 | 3,091 | 2,149 |
| Net cash (used in) provided by financing activities | (151,027) | 212,957 | (168,960) |
| Effect of exchange rate changes on cash and cash equivalents | (12,148) | 7,670 | (1,654) |
| Net increase (decrease) in cash and cash equivalents | 273,869 | 156,826 | (162,409) |
| Cash and cash equivalents, beginning of period | 358,967 | 202,141 | |
| Cash and cash equivalents, end of period | 632,836 | 358,967 | 202,141 |
| SUPPLEMENTAL CASH FLOW INFORMATION: | |||
| Cash paid during the period for income taxes | 232,762 | 169,320 | 95,512 |
| Cash paid during the period for interest | 7,573 | 4,901 | 4,448 |
| Non-cash fair value increase for redeemable noncontrolling interests | 91,743 | 7,876 | 0 |
| External Links | |
| BOOKING HOLDINGS INC. (BKNG) Fiscal Year 2011 | |
| 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 |