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: 2020 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 24, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| OPERATING ACTIVITIES: | |||
| Net income | $ 59 | 4,865 | 3,998 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 458 | 469 | 426 |
| Provision for expected credit losses and chargebacks | 319 | 138 | 163 |
| Deferred income tax expense (benefit) | 213 | 122 | (150) |
| Net (gains) losses on marketable equity securities | (1,811) | (745) | 367 |
| Stock-based compensation expense and other stock-based payments | 255 | 325 | 331 |
| Amortization of debt discount and debt issuance costs | 64 | 58 | 59 |
| Operating lease amortization | 184 | 172 | 0 |
| Unrealized foreign currency transaction losses (gains) on Euro-denominated debt | 200 | (7) | 0 |
| Impairment of goodwill | 1,062 | 0 | 0 |
| Impairment of investment | 100 [1] | 0 | 0 |
| Other | 2 | 9 | 19 |
| Changes in assets and liabilities, net of effects of acquisitions: | |||
| Accounts receivable | 891 | (323) | (319) |
| Prepaid expenses and other current assets | 161 | (263) | (201) |
| Deferred merchant bookings and other current liabilities | (2,266) | 480 | 635 |
| Long-term assets and liabilities | 194 | (435) | 10 |
| Net cash provided by operating activities | 85 | 4,865 | 5,338 |
| INVESTING ACTIVITIES: | |||
| Purchase of investments | (74) | (672) | (2,686) |
| Proceeds from sale and maturity of investments | 2,997 | 8,099 | 5,616 |
| Additions to property and equipment | (286) | (368) | (442) |
| Acquisitions and other investments, net of cash acquired | 0 | (9) | (273) |
| Net cash provided by investing activities | 2,637 | 7,050 | 2,215 |
| FINANCING ACTIVITIES: | |||
| Proceeds from revolving credit facility and short-term borrowings | 0 | 400 | 25 |
| Repayments of revolving credit facility and short-term borrowings | 0 | (425) | 0 |
| Proceeds from the issuance of long-term debt | 4,108 | 0 | 0 |
| Payments for conversion of debt | (1,244) | 0 | (1,487) |
| Payments for repurchase of common stock | (1,303) | (8,187) | (5,971) |
| Other financing activities | (33) | (8) | 2 |
| Net cash provided by (used in) financing activities | 1,528 | (8,220) | (7,431) |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash and cash equivalents | 0 | (8) | (40) |
| Net increase in cash and cash equivalents and restricted cash and cash equivalents | 4,250 | 3,687 | 82 |
| Total cash and cash equivalents and restricted cash and cash equivalents, beginning of period | 6,332 | 2,645 | |
| Total cash and cash equivalents and restricted cash and cash equivalents, end of period | 10,582 | 6,332 | 2,645 |
| SUPPLEMENTAL CASH FLOW INFORMATION: | |||
| Cash paid during the period for income taxes (see Note 15) | 319 | 1,074 | 1,169 |
| Cash paid during the period for interest | 278 | 221 | 219 |
| Non-cash operating and financing activity for an acquisition (see Note 19) | 0 | 0 | 51 |
| Non-cash investing and financing activity for an acquisition (see Note 19) | 0 | 0 | 59 |
| [1] See Note 5 for additional information related to the net gains (losses) on marketable equity securities and impairment of investment. | |||
| External Links | |
| BOOKING HOLDINGS INC. (BKNG) Fiscal Year 2020 | |
| 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 |