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: 2014 | |||
CONSOLIDATED STATEMENTS OF OPERATIONS | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 19, 2015) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Agency revenues | $ 5,845,802 | 4,410,689 | 3,142,815 |
| Merchant revenues | 2,186,054 | 2,211,474 | 2,104,752 |
| Advertising and other revenues | 410,115 | 171,143 | 13,389 |
| Total revenues | 8,441,971 | 6,793,306 | 5,260,956 |
| Cost of revenues | 857,841 | 1,077,420 | 1,177,275 |
| Gross profit | 7,584,130 | 5,715,886 | 4,083,681 |
| Operating expenses: | |||
| Advertising Online | 2,360,221 | 1,798,645 | 1,273,637 |
| Advertising Offline | 231,309 | 127,459 | 35,492 |
| Sales and marketing | 310,910 | 235,817 | 195,934 |
| Personnel, including stock-based compensation of $186,425, $140,526 and $71,565, respectively | 950,191 | 698,692 | 466,828 |
| General and administrative | 352,869 | 252,994 | 173,171 |
| Information technology | 97,498 | 71,890 | 43,685 |
| Depreciation and amortization | 207,820 | 117,975 | 65,141 |
| Total operating expenses | 4,510,818 | 3,303,472 | 2,253,888 |
| Operating income | 3,073,312 | 2,412,414 | 1,829,793 |
| Other income (expense): | |||
| Interest income | 13,933 | 4,167 | 3,860 |
| Interest expense | (88,353) | (83,289) | (62,064) |
| Foreign currency transactions and other | (9,444) | (36,755) | (9,720) |
| Total other income (expense) | (83,864) | (115,877) | (67,924) |
| Earnings before income taxes | 2,989,448 | 2,296,537 | 1,761,869 |
| Income tax expense | 567,695 | 403,739 | 337,832 |
| Net income | 2,421,753 | 1,892,798 | 1,424,037 |
| Less: net income attributable to noncontrolling interests | 0 | 135 | 4,471 |
| Net income applicable to common stockholders | 2,421,753 | 1,892,663 | 1,419,566 |
| Net income applicable to common stockholders per basic common share | 46.30 | 37.17 | 28.48 |
| Weighted average number of basic common shares outstanding | 52,301 | 50,924 | 49,840 |
| Net income applicable to common stockholders per diluted common share | 45.67 | 36.11 | 27.66 |
| Weighted average number of diluted common shares outstanding | 53,023 | 52,413 | 51,326 |
| External Links | |
| BOOKING HOLDINGS INC. (BKNG) Fiscal Year 2014 | |
| 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 |