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: 2018 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 27, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Net income | $ 3,998 | 2,341 [1] | 2,135 |
| OPERATING ACTIVITIES: | |||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation | 248 | 187 | 140 |
| Amortization | 178 | 176 | 169 |
| Provision for uncollectible accounts | 163 | 62 | 46 |
| Deferred income tax benefit | (150) | (32) | (112) |
| Net unrealized losses on marketable equity securities | 367 | 0 | 0 |
| Stock-based compensation expense and other stock-based payments | 331 | 261 | 250 |
| Amortization of debt issuance costs | 7 | 9 | 8 |
| Amortization of debt discount | 52 | 70 | 69 |
| Loss on early extinguishment of debt | 0 | 2 | 0 |
| Impairment of goodwill | 0 | 0 | 941 |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | 0 | ||
| Impairment of investments | 8 | 63 | |
| Excess tax benefits on stock-based awards and other equity deductions | 0 | 0 | 61 |
| Contingent consideration fair value adjustment | 19 | 0 | 0 |
| Changes in assets and liabilities, net of effects of acquisitions: | |||
| Accounts receivable | (319) | (270) | (284) |
| Prepaid expenses and other current assets | (201) | (124) | 5 |
| Accounts payable, accrued expenses and other current liabilities | 635 | 687 | 514 |
| Long-term U.S. transition tax liability | 40 | 1,251 | 0 |
| Other long-term assets and liabilities | (30) | 34 | (21) |
| Net cash provided by operating activities | 5,338 | 4,662 | 3,984 |
| INVESTING ACTIVITIES: | |||
| Purchase of investments | (2,686) | (6,941) | (6,748) |
| Proceeds from sale of investments | 5,616 | 3,580 | 3,684 |
| Additions to property and equipment | (442) | (288) | (220) |
| Acquisitions and other investments, net of cash acquired | (273) | (553) | (1) |
| Acquisition of land-use rights | 0 | 0 | (48) |
| Net cash provided by (used in) investing activities | 2,215 | (4,202) | (3,333) |
| FINANCING ACTIVITIES: | |||
| Proceeds from short-term borrowing | 25 | 0 | 0 |
| Proceeds from the issuance of long-term debt | 0 | 2,045 | 995 |
| Payments for conversion of senior notes | (1,487) | (286) | 0 |
| Repayment of debt | 0 | (15) | 0 |
| Payments for repurchase of common stock | (5,971) | (1,828) | (1,012) |
| Proceeds from exercise of stock options | 2 | 5 | 16 |
| Net cash used in financing activities | (7,431) | (79) | (1) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash and cash equivalents | (40) | 100 | (46) |
| Net increase in cash, cash equivalents and restricted cash and cash equivalents | 82 | 481 | 604 |
| Total cash and cash equivalents and restricted cash and cash equivalents, beginning of period | 2,563 | 2,082 | |
| Total cash and cash equivalents and restricted cash and cash equivalent, end of period | 2,645 | 2,563 | 2,082 |
| SUPPLEMENTAL CASH FLOW INFORMATION: | |||
| Cash paid during the period for income taxes | 1,169 | 702 | 637 |
| Cash paid during the period for interest | 219 | 155 | 126 |
| Non-cash operating and financing activity for an acquisition (See Note 18) | 51 | 0 | 0 |
| Non-cash investing and financing activity for an acquisition (See Note 18) | 59 | 0 | 0 |
| [1] The Company realized net gains of $1 million related to investments in debt securities sold for both years ended December 31, 2017 and 2016. | |||
| External Links | |
| BOOKING HOLDINGS INC. (BKNG) Fiscal Year 2018 | |
| 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 |