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: 2013 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 20, 2014) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| OPERATING ACTIVITIES: | |||
| Net income | $ 1,892,798 | 1,424,037 | 1,059,131 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation | 48,365 | 32,818 | 20,648 |
| Amortization | 69,610 | 32,323 | 33,176 |
| Provision for uncollectible accounts, net | 16,451 | 16,094 | 9,331 |
| Deferred income tax expense (benefit) | (11,104) | 19,596 | 44,747 |
| Stock-based compensation and other stock based payments | 142,098 | 72,035 | 66,194 |
| Amortization of debt issuance costs | 7,898 | 5,212 | 2,360 |
| Amortization of debt discount | 55,718 | 39,820 | 21,414 |
| Loss on early extinguishment of debt | 26,661 | 0 | 32 |
| Changes in assets and liabilities: | |||
| Accounts receivable | (111,572) | (105,277) | (125,793) |
| Prepaid expenses and other current assets | (6,909) | (40,793) | 12,213 |
| Accounts payable, accrued expenses and other current liabilities | 182,163 | 256,021 | 210,325 |
| Other | (10,741) | 33,864 | (11,966) |
| Net cash provided by operating activities | 2,301,436 | 1,785,750 | 1,341,812 |
| INVESTING ACTIVITIES: | |||
| Purchase of investments | (9,955,800) | (6,352,495) | (3,005,397) |
| Proceeds from sale of investments | 8,291,283 | 4,799,412 | 2,229,563 |
| Additions to property and equipment | (84,445) | (55,158) | (46,833) |
| Acquisitions and other equity investments, net of cash acquired | (331,918) | (33,861) | (68,192) |
| Proceeds from foreign currency contracts | 3,266 | 86,159 | 31,045 |
| Payments on foreign currency contracts | (81,870) | (4,014) | (42,032) |
| Change in restricted cash | (2,783) | (2,756) | (2,922) |
| Net cash used in investing activities | (2,162,267) | (1,562,713) | (904,768) |
| FINANCING ACTIVITIES: | |||
| Proceeds from the issuance of convertible senior notes | 980,000 | 1,000,000 | 0 |
| Payment of debt issuance costs | (1,018) | (20,916) | 0 |
| Payments related to conversion of senior notes | (414,569) | (1) | (213) |
| Repurchase of common stock | (883,515) | (257,021) | (163,171) |
| Payments to purchase subsidiary shares from noncontrolling interests | (192,530) | (61,079) | (12,986) |
| Proceeds from exercise of stock options | 91,607 | 2,683 | 4,302 |
| Proceeds from the termination of conversion spread hedges | 19 | 0 | 0 |
| Payments of stock issuance costs | (1,191) | 0 | 0 |
| Excess tax benefit from stock-based compensation | 17,686 | 5,189 | 21,041 |
| Net cash (used in) provided by financing activities | (403,511) | 668,855 | (151,027) |
| Effect of exchange rate changes on cash and cash equivalents | 17,987 | 11,621 | (12,148) |
| Net (decrease) increase in cash and cash equivalents | (246,355) | 903,513 | 273,869 |
| Cash and cash equivalents, beginning of period | 1,536,349 | 632,836 | |
| Cash and cash equivalents, end of period | 1,289,994 | 1,536,349 | 632,836 |
| SUPPLEMENTAL CASH FLOW INFORMATION: | |||
| Cash paid during the period for income taxes | 391,169 | 300,539 | 232,762 |
| Cash paid during the period for interest | 20,954 | 13,933 | 7,573 |
| Non-cash fair value increase for redeemable noncontrolling interests | 42,522 | 84,693 | 91,743 |
| Non-cash financing activity for acquisitions | 1,546,748 | 0 | 0 |
| External Links | |
| BOOKING HOLDINGS INC. (BKNG) Fiscal Year 2013 | |
| 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 |