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: 2021 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 23, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| OPERATING ACTIVITIES: | |||
| Net income | $ 1,165 | 59 | 4,865 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 421 | 458 | 469 |
| Provision for expected credit losses and chargebacks | 109 | 319 | 138 |
| Deferred income tax (benefit) expense | (445) | 213 | 122 |
| Net losses (gains) on equity securities | 569 | (1,813) | (745) [1] |
| Stock-based compensation expense and other stock-based payments | 376 | 255 | 325 |
| Operating lease amortization | 178 | 184 | 172 |
| Amortization of debt discount and debt issuance costs | 54 | 64 | 58 |
| Unrealized foreign currency transaction (gains) losses related to Euro-denominated debt | (135) | 200 | (7) |
| Impairment of goodwill | 0 | 1,062 | 0 |
| Impairment of investment | 0 | 100 | 0 |
| Loss on early extinguishment of debt | 242 | 0 | 0 [2] |
| Other | 17 | 4 | 9 |
| Changes in assets and liabilities, net of effects of acquisitions: | |||
| Accounts receivable | (1,002) | 891 | (323) |
| Prepaid expenses and other current assets | 6 | 161 | (263) |
| Deferred merchant bookings and other current liabilities | 1,539 | (2,266) | 480 |
| Long-term assets and liabilities | (274) | 194 | (435) |
| Net cash provided by operating activities | 2,820 | 85 | 4,865 |
| INVESTING ACTIVITIES: | |||
| Purchase of investments | (17) | (74) | (672) |
| Proceeds from sale and maturity of investments | 508 | 2,997 | 8,099 |
| Additions to property and equipment | (304) | (286) | (368) |
| Acquisitions and other investments, net of cash acquired | (1,185) | 0 | (9) |
| Net cash (used in) provided by investing activities | (998) | 2,637 | 7,050 |
| FINANCING ACTIVITIES: | |||
| Proceeds from revolving credit facility and short-term borrowings | 0 | 0 | 400 |
| Repayments of revolving credit facility and short-term borrowings | 0 | 0 | (425) |
| Proceeds from the issuance of long-term debt | 2,015 | 4,108 | 0 |
| Payments for redemption and conversion of debt | (3,068) | (1,244) | 0 |
| Payments for repurchase of common stock | (163) | (1,303) | (8,187) |
| Other financing activities | (23) | (33) | (8) |
| Net cash (used in) provided by financing activities | (1,239) | 1,528 | (8,220) |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash and cash equivalents | (13) | 0 | (8) |
| Net increase in cash and cash equivalents and restricted cash and cash equivalents | 570 | 4,250 | 3,687 |
| Total cash and cash equivalents and restricted cash and cash equivalents, beginning of period | 10,582 | 6,332 | |
| Total cash and cash equivalents and restricted cash and cash equivalents, end of period | 11,152 | 10,582 | 6,332 |
| SUPPLEMENTAL CASH FLOW INFORMATION: | |||
| Cash paid during the period for income taxes (see Note 15) | 735 | 319 | 1,074 |
| Cash paid during the period for interest | 318 | 278 | 221 |
| [2] See Note 12 for additional information related to the loss on early extinguishment of debt. | |||
| [1] See Note 5 for additional information related to the net (losses) gains on equity securities and impairment of investment. | |||
| External Links | |
| BOOKING HOLDINGS INC. (BKNG) Fiscal Year 2021 | |
| 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 |