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: 2016 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 27, 2017) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| OPERATING ACTIVITIES: | |||
| Net income | $ 2,134,987 | 2,551,360 | 2,421,753 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation | 140,059 | 101,517 | 78,241 |
| Amortization | 169,076 | 170,977 | 129,579 |
| Provision for uncollectible accounts, net | 46,241 | 24,324 | 22,990 |
| Deferred income tax expense (benefit) | (111,905) | (61,335) | 31,707 |
| Stock-based compensation expense and other stock-based payments | 249,726 | 249,133 | 189,292 |
| Amortization of debt issuance costs | 7,758 | 7,578 | 5,229 |
| Amortization of debt discount | 68,974 | 66,687 | 54,731 |
| Loss on early extinguishment of debt | 0 | 3 | 6,270 |
| Impairment of goodwill | 940,700 | 0 | 0 |
| Impairment of cost-method investments | 63,208 | 0 | 0 |
| Changes in assets and liabilities: | |||
| Accounts receivable | (284,221) | (68,694) | (182,209) |
| Prepaid expenses and other current assets | 5,495 | (81,611) | (48,932) |
| Accounts payable, accrued expenses and other current liabilities | 516,356 | 166,201 | 203,870 |
| Other | (21,757) | (23,909) | 1,876 |
| Net cash provided by operating activities | 3,924,697 | 3,102,231 | 2,914,397 |
| INVESTING ACTIVITIES: | |||
| Purchase of investments | (6,741,202) | (8,669,690) | (10,552,214) |
| Proceeds from sale of investments | 3,684,103 | 5,084,238 | 10,902,500 |
| Additions to property and equipment | (219,889) | (173,915) | (131,504) |
| Acquisitions and other investments, net of cash acquired | (7,813) | (140,338) | (2,496,366) |
| Acquisition of land use rights | (48,494) | 0 | 0 |
| Proceeds from foreign currency contracts | 0 | 453,818 | 14,354 |
| Payments on foreign currency contracts | 0 | (448,640) | (94,661) |
| Net cash used in investing activities | (3,333,295) | (3,894,527) | (2,357,891) |
| FINANCING ACTIVITIES: | |||
| Proceeds from revolving credit facility | 0 | 225,000 | 995,000 |
| Payments related to revolving credit facility | 0 | (225,000) | (995,000) |
| Proceeds from the issuance of long-term debt | 994,705 | 2,399,034 | 2,264,753 |
| Payment of debt issuance costs - revolving credit facility | 0 | (4,005) | 0 |
| Payments related to conversion of senior notes | 0 | (147,629) | (125,136) |
| Repurchase of common stock | (1,013,526) | (3,089,055) | (750,378) |
| Payments of contingent consideration | 0 | (10,700) | 0 |
| Proceeds from exercise of stock options | 15,572 | 20,851 | 16,389 |
| Excess tax benefits on stock-based awards and other equity deductions | 60,986 | 101,508 | 23,366 |
| Net cash provided by (used in) financing activities | 57,737 | (729,996) | 1,428,994 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (45,203) | (149,131) | (136,476) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 603,936 | (1,671,423) | 1,849,024 |
| Cash, cash equivalents and restricted cash, beginning of period | 1,478,071 | 3,149,494 | |
| Cash, cash equivalents and restricted cash, end of period | 2,082,007 | 1,478,071 | 3,149,494 |
| SUPPLEMENTAL CASH FLOW INFORMATION: | |||
| Cash paid during the period for income taxes | 636,550 | 534,105 | 491,530 |
| Cash paid during the period for interest | 125,912 | 54,299 | 16,950 |
| Non-cash investing activity for contingent consideration | 0 | 9,170 | 10,700 |
| Non-cash financing activity for acquisitions | 0 | 0 | 13,751 |
| External Links | |
| BOOKING HOLDINGS INC. (BKNG) Fiscal Year 2016 | |
| 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 |