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: 2014 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 19, 2015) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| OPERATING ACTIVITIES: | |||
| Net income | $ 2,421,753 | 1,892,798 | 1,424,037 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation | 78,241 | 48,365 | 32,818 |
| Amortization | 129,579 | 69,610 | 32,323 |
| Provision for uncollectible accounts, net | 22,990 | 16,451 | 16,094 |
| Deferred income tax expense (benefit) | 31,707 | (11,104) | 19,596 |
| Stock-based compensation expense and other stock based payments | 189,292 | 142,098 | 72,035 |
| Amortization of debt issuance costs | 5,229 | 7,898 | 5,212 |
| Amortization of debt discount | 54,731 | 55,718 | 39,820 |
| Loss on early extinguishment of debt | 6,270 | 26,661 | 0 |
| Changes in assets and liabilities: | |||
| Accounts receivable | (182,209) | (111,572) | (105,277) |
| Prepaid expenses and other current assets | (48,932) | (6,909) | (40,793) |
| Accounts payable, accrued expenses and other current liabilities | 203,870 | 182,163 | 256,021 |
| Other | 1,876 | (10,741) | 33,864 |
| Net cash provided by operating activities | 2,914,397 | 2,301,436 | 1,785,750 |
| INVESTING ACTIVITIES: | |||
| Purchase of investments | (10,552,214) | (9,955,800) | (6,352,495) |
| Proceeds from sale of investments | 10,902,500 | 8,291,283 | 4,799,412 |
| Additions to property and equipment | (131,504) | (84,445) | (55,158) |
| Acquisitions and other equity investments, net of cash acquired | (2,496,366) | (331,918) | (33,861) |
| Proceeds from foreign currency contracts | 14,354 | 3,266 | 86,159 |
| Payments on foreign currency contracts | (94,661) | (81,870) | (4,014) |
| Change in restricted cash | 9,347 | (2,783) | (2,756) |
| Net cash used in investing activities | (2,348,544) | (2,162,267) | (1,562,713) |
| FINANCING ACTIVITIES: | |||
| Proceeds from revolving credit facility | 995,000 | 0 | 0 |
| Payments related to revolving credit facility | (995,000) | 0 | 0 |
| Proceeds from the issuance of long-term debt | 2,282,217 | 980,000 | 1,000,000 |
| Payment of debt issuance costs | (17,464) | (1,018) | (20,916) |
| Payments related to conversion of senior notes | (125,136) | (414,569) | (1) |
| Repurchase of common stock | (750,378) | (883,515) | (257,021) |
| Payments to purchase subsidiary shares from noncontrolling interests | 0 | (192,530) | (61,079) |
| Payments of stock issuance costs | 0 | (1,191) | 0 |
| Proceeds from exercise of stock options | 16,389 | 91,607 | 2,683 |
| Proceeds from the termination of conversion spread hedges | 0 | 19 | 0 |
| Excess tax benefit from stock-based compensation | 23,366 | 17,686 | 5,189 |
| Net cash provided by (used in) financing activities | 1,428,994 | (403,511) | 668,855 |
| Effect of exchange rate changes on cash and cash equivalents | (136,190) | 17,987 | 11,621 |
| Net increase (decrease) in cash and cash equivalents | 1,858,657 | (246,355) | 903,513 |
| Cash and cash equivalents, beginning of period | 1,289,994 | 1,536,349 | |
| Cash and cash equivalents, end of period | 3,148,651 | 1,289,994 | 1,536,349 |
| SUPPLEMENTAL CASH FLOW INFORMATION: | |||
| Cash paid during the period for income taxes | 491,530 | 391,169 | 300,539 |
| Cash paid during the period for interest | 16,950 | 20,954 | 13,933 |
| Non-cash fair value increase for redeemable noncontrolling interests | 0 | 42,522 | 84,693 |
| Non-cash investing activity for contingent consideration | 10,700 | 0 | 0 |
| Non-cash financing activity for acquisitions | 13,751 | 1,546,748 | 0 |
| External Links | |
| BOOKING HOLDINGS INC. (BKNG) Fiscal Year 2014 | |
| 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 |