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: 2012 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2012 10-K (Superseded Filed: Feb 27, 2013) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| OPERATING ACTIVITIES: | |||
| Net income | $ 1,424,037 | 1,059,131 | 528,142 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation | 32,818 | 20,648 | 16,209 |
| Amortization | 32,323 | 33,176 | 34,255 |
| Provision for uncollectible accounts, net | 16,094 | 9,331 | 7,102 |
| Deferred income tax expense | 19,596 | 44,747 | 37,540 |
| Stock-based compensation and other stock based payments | 72,035 | 66,194 | 68,396 |
| Amortization of debt issuance costs | 5,212 | 2,360 | 3,332 |
| Amortization of debt discount | 39,820 | 21,414 | 20,110 |
| Loss on early extinguishment of debt | 0 | 32 | 11,334 |
| Changes in assets and liabilities: | |||
| Accounts receivable | (105,277) | (125,793) | (29,275) |
| Prepaid expenses and other current assets | (40,793) | 12,213 | (22,373) |
| Accounts payable, accrued expenses and other current liabilities | 256,021 | 210,325 | 84,750 |
| Other | 33,864 | (11,966) | 17,775 |
| Net cash provided by operating activities | 1,785,750 | 1,341,812 | 777,297 |
| INVESTING ACTIVITIES: | |||
| Purchase of investments | (6,352,495) | (3,005,397) | (1,813,032) |
| Proceeds from sale of investments | 4,799,412 | 2,229,563 | 1,071,669 |
| Additions to property and equipment | (55,158) | (46,833) | (22,593) |
| Acquisitions and other equity investments, net of cash acquired | (33,861) | (68,192) | (112,405) |
| Proceeds from foreign currency contracts | 86,159 | 31,045 | 44,564 |
| Payments on foreign currency contracts | (4,014) | (42,032) | (9,561) |
| Change in restricted cash | (2,756) | (2,922) | 260 |
| Net cash used in investing activities | (1,562,713) | (904,768) | (841,098) |
| FINANCING ACTIVITIES: | |||
| Proceeds from the issuance of convertible senior notes | 1,000,000 | 575,000 | |
| Payment of debt issuance costs | (20,916) | (13,334) | |
| Payments related to conversion of senior notes | (1) | (213) | (295,401) |
| Repurchase of common stock | (257,021) | (163,171) | (129,445) |
| Payments to purchase subsidiary shares from noncontrolling interests | (61,079) | (12,986) | 0 |
| Proceeds from the sale of subsidiary shares to noncontrolling interests | 0 | 4,311 | |
| Proceeds from exercise of stock options | 2,683 | 4,302 | 25,751 |
| Proceeds from the termination of conversion spread hedges | 0 | 42,984 | |
| Excess tax benefit from stock-based compensation | 5,189 | 21,041 | 3,091 |
| Net cash provided by (used in) financing activities | 668,855 | (151,027) | 212,957 |
| Effect of exchange rate changes on cash and cash equivalents | 11,621 | (12,148) | 7,670 |
| Net increase in cash and cash equivalents | 903,513 | 273,869 | 156,826 |
| Cash and cash equivalents, beginning of period | 632,836 | 358,967 | |
| Cash and cash equivalents, end of period | 1,536,349 | 632,836 | 358,967 |
| SUPPLEMENTAL CASH FLOW INFORMATION: | |||
| Cash paid during the period for income taxes | 300,539 | 232,762 | 169,320 |
| Cash paid during the period for interest | 13,933 | 7,573 | 4,901 |
| Non-cash fair value increase for redeemable noncontrolling interests | 84,693 | 91,743 | 7,876 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
BOOKING HOLDINGS INC. | |||
Ticker: BKNG Fiscal Year: 2012 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2012 10-K/A (Amendment Filed: Feb 27, 2013) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| OPERATING ACTIVITIES: | |||
| Net income | $ 1,424,037 | 1,059,131 | 528,142 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation | 32,818 | 20,648 | 16,209 |
| Amortization | 32,323 | 33,176 | 34,255 |
| Provision for uncollectible accounts, net | 16,094 | 9,331 | 7,102 |
| Deferred income tax expense | 19,596 | 44,747 | 37,540 |
| Stock-based compensation and other stock based payments | 72,035 | 66,194 | 68,396 |
| Amortization of debt issuance costs | 5,212 | 2,360 | 3,332 |
| Amortization of debt discount | 39,820 | 21,414 | 20,110 |
| Loss on early extinguishment of debt | 0 | 32 | 11,334 |
| Changes in assets and liabilities: | |||
| Accounts receivable | (105,277) | (125,793) | (29,275) |
| Prepaid expenses and other current assets | (40,793) | 12,213 | (22,373) |
| Accounts payable, accrued expenses and other current liabilities | 256,021 | 210,325 | 84,750 |
| Other | 33,864 | (11,966) | 17,775 |
| Net cash provided by operating activities | 1,785,750 | 1,341,812 | 777,297 |
| INVESTING ACTIVITIES: | |||
| Purchase of investments | (6,352,495) | (3,005,397) | (1,813,032) |
| Proceeds from sale of investments | 4,799,412 | 2,229,563 | 1,071,669 |
| Additions to property and equipment | (55,158) | (46,833) | (22,593) |
| Acquisitions and other equity investments, net of cash acquired | (33,861) | (68,192) | (112,405) |
| Proceeds from foreign currency contracts | 86,159 | 31,045 | 44,564 |
| Payments on foreign currency contracts | (4,014) | (42,032) | (9,561) |
| Change in restricted cash | (2,756) | (2,922) | 260 |
| Net cash used in investing activities | (1,562,713) | (904,768) | (841,098) |
| FINANCING ACTIVITIES: | |||
| Proceeds from the issuance of convertible senior notes | 1,000,000 | 575,000 | |
| Payment of debt issuance costs | (20,916) | (13,334) | |
| Payments related to conversion of senior notes | (1) | (213) | (295,401) |
| Repurchase of common stock | (257,021) | (163,171) | (129,445) |
| Payments to purchase subsidiary shares from noncontrolling interests | (61,079) | (12,986) | 0 |
| Proceeds from the sale of subsidiary shares to noncontrolling interests | 0 | 4,311 | |
| Proceeds from exercise of stock options | 2,683 | 4,302 | 25,751 |
| Proceeds from the termination of conversion spread hedges | 0 | 42,984 | |
| Excess tax benefit from stock-based compensation | 5,189 | 21,041 | 3,091 |
| Net cash provided by (used in) financing activities | 668,855 | (151,027) | 212,957 |
| Effect of exchange rate changes on cash and cash equivalents | 11,621 | (12,148) | 7,670 |
| Net increase in cash and cash equivalents | 903,513 | 273,869 | 156,826 |
| Cash and cash equivalents, beginning of period | 632,836 | 358,967 | |
| Cash and cash equivalents, end of period | 1,536,349 | 632,836 | 358,967 |
| SUPPLEMENTAL CASH FLOW INFORMATION: | |||
| Cash paid during the period for income taxes | 300,539 | 232,762 | 169,320 |
| Cash paid during the period for interest | 13,933 | 7,573 | 4,901 |
| Non-cash fair value increase for redeemable noncontrolling interests | 84,693 | 91,743 | 7,876 |
| External Links | |
| BOOKING HOLDINGS INC. (BKNG) Fiscal Year 2012 | |
| Statements of 10-K/A in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K/A in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K/A in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |