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 COMPREHENSIVE INCOME | |||
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 | |
| Other comprehensive income (loss), net of tax | |||
| Net income | $ 3,998 | 2,341 [1] | 2,135 |
| Foreign currency translation adjustments | (114) [2] | 297 | (95) |
| Net unrealized gain (loss) on marketable securities | (199) [3] | 76 | (285) |
| Comprehensive income | 3,685 | 2,714 | 1,755 |
| Other Comprehensive Income (Loss), Equity Securities, Reclassification Adjustments to Retained Earnings (ASU 2016-01), Tax | 58 | 0 | 0 |
| Net realized gains related to investments | 1 | 1 | |
| Tax (benefit) associated with gain (loss) on foreign currency translation | 12 | ||
| Net unrealized gain (loss) on marketable securities which are non-taxable in the Netherlands | (190) | 86 | (332) |
| Other Comprehensive Income (Loss), Available-for-sale Securities, Taxable | (7) | 71 | 62 |
| Tax (benefit) associated with gain (loss) on marketable securities | (2) | 81 | 15 |
| Location in foreign currency translation adjustments | |||
| Currency translation adjustment on deemed repatriation tax liability | |||
| Tax (benefit) associated with gain (loss) on foreign currency translation | (41) | ||
| Net Investment Hedging | |||
| Tax (benefit) associated with gain (loss) on foreign currency translation | 53 | (175) | 34 |
| Income Tax Authority | |||
| The Netherlands | |||
| Tax (benefit) associated with gain (loss) on marketable securities | (2) | 18 | 15 |
| Domestic Tax Authority | |||
| Tax (benefit) associated with gain (loss) on marketable securities | 63 | ||
| [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. | |||
| [2] Foreign currency translation adjustments result from currency fluctuations on the translation of the Company's non-U.S. Dollar denominated net assets, net of the impact of net investment hedges. During the year ended December 31, 2018, the Company recorded a tax benefit of $41 million related to foreign currency translation adjustments to its one-time deemed repatriation tax liability recorded at December 31, 2017 and current year foreign earnings subject to U.S. federal and state income tax, resulting from | |||
| [3] For periods beginning after December 31, 2017, marketable equity securities are reported at estimated fair value with changes in fair value recognized in net income rather than accumulated other comprehensive income within stockholders' equity, pursuant to the adoption of the accounting update on financial instruments in 2018 (see Note 2). | Net unrealized losses before tax on marketable securities of $190 million, net unrealized gains of $86 million and net unrealized losses of $332 million for the years e | |||
| 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 |