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: 2015 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 17, 2016) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| OPERATING ACTIVITIES: | |||
| Net income | $ 2,551,360 | 2,421,753 | 1,892,798 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation | 101,517 | 78,241 | 48,365 |
| Amortization | 170,977 | 129,579 | 69,610 |
| Provision for uncollectible accounts, net | 24,324 | 22,990 | 16,451 |
| Deferred income tax expense (benefit) | (61,335) | 31,707 | (11,104) |
| Stock-based compensation expense and other stock-based payments | 249,133 | 189,292 | 142,098 |
| Amortization of debt issuance costs | 7,578 | 5,229 | 7,898 |
| Amortization of debt discount | 66,687 | 54,731 | 55,718 |
| Loss on early extinguishment of debt | 3 | 6,270 | 26,661 |
| Changes in assets and liabilities: | |||
| Accounts receivable | (68,694) | (182,209) | (111,572) |
| Prepaid expenses and other current assets | (81,611) | (48,932) | (6,909) |
| Accounts payable, accrued expenses and other current liabilities | 166,201 | 203,870 | 182,163 |
| Other | (23,909) | 1,876 | (10,741) |
| Net cash provided by operating activities | 3,102,231 | 2,914,397 | 2,301,436 |
| INVESTING ACTIVITIES: | |||
| Purchase of investments | 8,669,690 | 10,552,214 | 9,955,800 |
| Proceeds from sale of investments | 5,084,238 | 10,902,500 | 8,291,283 |
| Additions to property and equipment | (173,915) | (131,504) | (84,445) |
| Acquisitions and other equity investments, net of cash acquired | (140,338) | (2,496,366) | (331,918) |
| Proceeds from foreign currency contracts | 453,818 | 14,354 | 3,266 |
| Payments on foreign currency contracts | (448,640) | (94,661) | (81,870) |
| Change in restricted cash | 9 | 9,347 | (2,783) |
| Net cash used in investing activities | (3,894,518) | (2,348,544) | (2,162,267) |
| FINANCING ACTIVITIES: | |||
| Proceeds from revolving credit facility | 225,000 | 995,000 | 0 |
| Payments related to revolving credit facility | (225,000) | (995,000) | 0 |
| Proceeds from the issuance of long-term debt | 2,399,034 | 2,264,753 | 978,982 |
| Payment of debt issuance costs - revolving credit facility | (4,005) | 0 | 0 |
| Payments related to conversion of senior notes | (147,629) | (125,136) | (414,569) |
| Repurchase of common stock | (3,089,055) | (750,378) | (883,515) |
| Payments of contingent consideration | (10,700) | 0 | 0 |
| Payments to purchase subsidiary shares from noncontrolling interests | 0 | 0 | (192,530) |
| Payments of stock issuance costs | 0 | 0 | (1,191) |
| Proceeds from exercise of stock options | 20,851 | 16,389 | 91,607 |
| Proceeds from the termination of conversion spread hedges | 0 | 0 | 19 |
| Excess tax benefits on stock-based awards | 101,508 | 23,366 | 17,686 |
| Net cash (used in) provided by financing activities | (729,996) | 1,428,994 | (403,511) |
| Effect of exchange rate changes on cash and cash equivalents | (149,103) | (136,190) | 17,987 |
| Net (decrease) increase in cash and cash equivalents | (1,671,386) | 1,858,657 | (246,355) |
| Cash and cash equivalents, beginning of period | 3,148,651 | 1,289,994 | |
| Cash and cash equivalents, end of period | 1,477,265 | 3,148,651 | 1,289,994 |
| SUPPLEMENTAL CASH FLOW INFORMATION: | |||
| Cash paid during the period for income taxes | 534,105 | 491,530 | 391,169 |
| Cash paid during the period for interest | 54,299 | 16,950 | 20,954 |
| Non-cash fair value increase for redeemable noncontrolling interests | 0 | 42,522 | |
| Non-cash investing activity for contingent consideration | 9,170 | 10,700 | 0 |
| Non-cash financing activity for acquisitions | 0 | 13,751 | 1,546,748 |
| External Links | |
| BOOKING HOLDINGS INC. (BKNG) Fiscal Year 2015 | |
| 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 |