10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||||||||||||
| |||||||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
BOOKING HOLDINGS INC. | |||
Ticker: BKNG Fiscal Year: 2011 | |||
CONSOLIDATED STATEMENTS OF OPERATIONS | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 27, 2012) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Merchant revenues | $ 2,004,432 | 1,691,640 | 1,447,576 |
| Agency revenues | 2,339,253 | 1,380,603 | 868,395 |
| Other revenues | 11,925 | 12,662 | 22,241 |
| Total revenues | 4,355,610 | 3,084,905 | 2,338,212 |
| Cost of revenues | 1,275,730 | 1,175,934 | 1,077,449 |
| Gross profit | 3,079,880 | 1,908,971 | 1,260,763 |
| Operating expenses: | |||
| Advertising - Online | 919,214 | 552,140 | 365,381 |
| Advertising - Offline | 35,470 | 35,714 | 36,270 |
| Sales and marketing | 162,690 | 116,303 | 81,238 |
| Personnel, including stock-based compensation of $65,724, $68,200, and $40,671, respectively | 352,295 | 270,071 | 180,152 |
| General and administrative | 123,652 | 81,185 | 68,555 |
| Information technology | 33,813 | 20,998 | 19,139 |
| Depreciation and amortization | 53,824 | 45,763 | 39,193 |
| Total operating expenses | 1,680,958 | 1,122,174 | 789,928 |
| Operating income | 1,398,922 | 786,797 | 470,835 |
| Other income (expense): | |||
| Interest income | 8,119 | 3,857 | 2,223 |
| Interest expense | (31,721) | (29,944) | (24,084) |
| Foreign currency transactions and other | (7,526) | (14,427) | (6,672) |
| Total other income (expense) | (31,128) | (40,514) | (28,533) |
| Earnings before income taxes and equity in income of investees | 1,367,794 | 746,283 | 442,302 |
| Income tax (expense) benefit | (308,663) | (218,141) | 47,168 |
| Equity in income of investees | 0 | 0 | 2 |
| Net income | 1,059,131 | 528,142 | 489,472 |
| Less: net income attributable to noncontrolling interests | 2,760 | 601 | 0 |
| Net income applicable to common stockholders | 1,056,371 | 527,541 | 489,472 |
| Net income applicable to common stockholders per basic common share (in dollars per share) | 21.27 | 11.00 | 11.54 |
| Weighted average number of basic common shares outstanding (in shares) | 49,654 | 47,955 | 42,406 |
| Net income applicable to common stockholders per diluted common share (in dollars per share) | 20.63 | 10.35 | 9.88 |
| Weighted average number of diluted common shares outstanding (in shares) | 51,211 | 50,988 | 49,522 |
| External Links | |
| BOOKING HOLDINGS INC. (BKNG) Fiscal Year 2011 | |
| 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 |