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: 2019 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 26, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Net income | $ 4,865 | 3,998 | 2,341 |
| OPERATING ACTIVITIES: | |||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation, Depletion and Amortization | 469 | 426 | 363 |
| Provision for uncollectible accounts and chargebacks | 138 | 163 | 62 |
| Deferred income tax expense (benefit) | 122 | (150) | (32) |
| Net unrealized (gains) losses on marketable equity securities | (745) | 367 | 0 |
| Stock-based compensation expense and other stock-based payments | 325 | 331 | 261 |
| Amortization of debt discount and debt issuance costs | 58 | 59 | 79 |
| Operating lease amortization | 172 | 0 | 0 |
| Other | 2 | 19 | 10 |
| Changes in assets and liabilities, net of effects of acquisitions: | |||
| Accounts receivable | (323) | (319) | (270) |
| Prepaid expenses and other current assets | (263) | (201) | (124) |
| Accounts payable, accrued expenses and other current liabilities | 480 | 635 | 687 |
| Long-term U.S. transition tax liability | (36) | 40 | 1,251 |
| Other long-term assets and liabilities | (399) | (30) | 34 |
| Net cash provided by operating activities | 4,865 | 5,338 | 4,662 |
| INVESTING ACTIVITIES: | |||
| Purchase of investments | (672) | (2,686) | (6,941) |
| Proceeds from sale and maturity of investments | 8,099 | 5,616 | 3,580 |
| Additions to property and equipment | (368) | (442) | (288) |
| Acquisitions and other investments, net of cash acquired | (9) | (273) | (553) |
| Net cash provided by (used in) investing activities | 7,050 | 2,215 | (4,202) |
| FINANCING ACTIVITIES: | |||
| Proceeds from revolving credit facility and short-term borrowings | 400 | 25 | 0 |
| Repayments of revolving credit facility and short-term borrowings | (425) | 0 | 0 |
| Proceeds from the issuance of long-term debt | 0 | 2,045 | |
| Payments for conversion of senior notes | 0 | (1,487) | (286) |
| Payments for repurchase of common stock | (8,187) | (5,971) | (1,828) |
| Other financing activities | (8) | 2 | (10) |
| Net cash used in financing activities | (8,220) | (7,431) | (79) |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash and cash equivalents | (8) | (40) | 100 |
| Net increase in cash and cash equivalents and restricted cash and cash equivalents | 3,687 | 82 | 481 |
| Total cash and cash equivalents and restricted cash and cash equivalents, beginning of period | 2,645 | 2,563 | |
| Total cash and cash equivalents and restricted cash and cash equivalents, end of period | 6,332 | 2,645 | 2,563 |
| SUPPLEMENTAL CASH FLOW INFORMATION: | |||
| Cash paid during the period for income taxes | 1,074 | 1,169 | 702 |
| Cash paid during the period for interest | 221 | 219 | 155 |
| Non-cash operating and financing activity for an acquisition (see Note 20) | 0 | 51 | 0 |
| Non-cash investing and financing activity for an acquisition (see Note 20) | 0 | 59 | 0 |
| External Links | |
| BOOKING HOLDINGS INC. (BKNG) Fiscal Year 2019 | |
| 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 |