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: 2010 | |||
CONSOLIDATED STATEMENTS OF OPERATIONS | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 25, 2011) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Merchant revenues | $ 1,691,640 | 1,447,576 | 1,218,162 |
| Agency revenues | 1,380,603 | 868,395 | 648,792 |
| Other revenues | 12,662 | 22,241 | 17,852 |
| Total revenues | 3,084,905 | 2,338,212 | 1,884,806 |
| Cost of revenues | 1,175,934 | 1,077,449 | 928,835 |
| Gross profit | 1,908,971 | 1,260,763 | 955,971 |
| Operating expenses: | |||
| Advertising - Offline | 35,714 | 36,270 | 38,032 |
| Advertising - Online | 552,140 | 365,381 | 270,713 |
| Sales and marketing | 116,303 | 81,238 | 77,948 |
| Personnel, including stock-based compensation of $68,200, $40,671 and $40,522, respectively | 270,071 | 180,152 | 163,785 |
| General and administrative | 81,185 | 68,555 | 55,267 |
| Information technology | 20,998 | 19,139 | 17,956 |
| Depreciation and amortization | 45,763 | 39,193 | 42,796 |
| Total operating expenses | 1,122,174 | 789,928 | 666,497 |
| Operating income | 786,797 | 470,835 | 289,474 |
| Other income (expense): | |||
| Interest income | 3,857 | 2,223 | 11,660 |
| Interest expense | (29,944) | (24,084) | (34,853) |
| Foreign currency transactions and other | (14,427) | (6,672) | 9,824 |
| Total other income (expense) | (40,514) | (28,533) | (13,369) |
| Earnings before income taxes and equity in income (loss) of investees | 746,283 | 442,302 | 276,105 |
| Income tax (expense) benefit | (218,141) | 47,168 | (90,171) |
| Equity in income (loss) of investees | 2 | (310) | |
| Net income | 528,142 | 489,472 | 185,624 |
| Less: net income attributable to noncontrolling interests | 601 | 3,378 | |
| Net income applicable to common stockholders of priceline.com, Inc. | 527,541 | 489,472 | 182,246 |
| Net income applicable to common stockholders per basic common share (in dollars per share) | 11.00 | 11.54 | 4.64 |
| Weighted average number of basic common shares outstanding (in shares) | 47,955 | 42,406 | 39,299 |
| Net income applicable to common stockholders per diluted common share (in dollars per share) | 10.35 | 9.88 | 3.74 |
| Weighted average number of diluted common shares outstanding (in shares) | 50,988 | 49,522 | 48,671 |
| External Links | |
| BOOKING HOLDINGS INC. (BKNG) Fiscal Year 2010 | |
| 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 |