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: 2017 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 27, 2018) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Net income | $ 2,340,765 | 2,134,987 | 2,551,360 |
| OPERATING ACTIVITIES: | |||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation | 187,231 | 140,059 | 101,517 |
| Amortization | 175,543 | 169,076 | 170,977 |
| Provision for uncollectible accounts | 62,316 | 46,241 | 24,324 |
| Deferred income tax benefit | (32,465) | (111,905) | (61,335) |
| Stock-based compensation expense and other stock-based payments | 261,274 | 249,726 | 249,133 |
| Amortization of debt issuance costs | 9,308 | 7,758 | 7,578 |
| Amortization of debt discount | 69,734 | 68,974 | 66,687 |
| Loss on early extinguishment of debt | 2,366 | 0 | 3 |
| Impairment of goodwill | 0 | 940,700 | 0 |
| Impairment of cost-method investments | 7,597 | 63,208 | 0 |
| Excess tax benefits on stock-based awards and other equity deductions | 0 | 60,986 | 101,508 |
| Changes in assets and liabilities, net of effects of acquisitions: | |||
| Accounts receivable | (269,732) | (284,221) | (68,694) |
| Prepaid expenses and other current assets | (124,269) | 5,495 | (81,611) |
| Accounts payable, accrued expenses and other current liabilities | 687,446 | 514,404 | 165,985 |
| Long-term U.S. transition tax liability | 1,250,846 | 0 | 0 |
| Other | 34,076 | (21,757) | (23,909) |
| Net cash provided by operating activities | 4,662,036 | 3,983,731 | 3,203,523 |
| INVESTING ACTIVITIES: | |||
| Purchase of investments | (6,491,156) | (6,741,202) | (8,669,690) |
| Proceeds from sale of investments | 3,580,001 | 3,684,103 | 5,084,238 |
| Additions to property and equipment | (287,805) | (219,889) | (173,915) |
| Acquisitions and other investments, net of cash acquired | (1,003,075) | (7,813) | (140,338) |
| Acquisition of land-use rights | 0 | (48,494) | 0 |
| Proceeds from foreign currency contracts | 0 | 453,818 | |
| Payments on foreign currency contracts | 0 | 0 | (448,640) |
| Net cash used in investing activities | (4,202,035) | (3,333,295) | (3,894,527) |
| FINANCING ACTIVITIES: | |||
| Proceeds from revolving credit facility | 0 | 0 | 225,000 |
| Payments related to revolving credit facility | 0 | 0 | (225,000) |
| Proceeds from the issuance of long-term debt | 2,044,952 | 994,705 | 2,399,034 |
| Payment of debt issuance costs - revolving credit facility | 0 | 0 | (4,005) |
| Payments related to conversion of senior notes | (285,718) | 0 | (147,629) |
| Payment of debt | (15,118) | 0 | 0 |
| Payments for repurchase of common stock | (1,827,919) | (1,011,574) | (3,088,839) |
| Payments of contingent consideration | 0 | 0 | (10,700) |
| Proceeds from exercise of stock options | 5,140 | 15,572 | 20,851 |
| Net cash used in financing activities | (78,663) | (1,297) | (831,288) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash and cash equivalents | 99,996 | (45,203) | (149,131) |
| Net increase (decrease) in cash, cash equivalents and restricted cash and cash equivalents | 481,334 | 603,936 | (1,671,423) |
| Cash, cash equivalents and restricted cash and cash equivalents, beginning of period | 2,082,007 | 1,478,071 | |
| Cash, cash equivalents and restricted cash and cash equivalent, end of period | 2,563,341 | 2,082,007 | 1,478,071 |
| SUPPLEMENTAL CASH FLOW INFORMATION: | |||
| Cash paid during the period for income taxes | 702,421 | 636,550 | 534,105 |
| Cash paid during the period for interest | 154,853 | 125,912 | 54,299 |
| Non-cash investing activity for contingent consideration | 0 | 0 | 9,170 |
| Non-cash financing activity | 1,000 | 0 | 0 |
| External Links | |
| BOOKING HOLDINGS INC. (BKNG) Fiscal Year 2017 | |
| 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 |