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: 2016 | |||
CONSOLIDATED STATEMENTS OF OPERATIONS | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 27, 2017) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Agency revenues | $ 7,982,116 | 6,527,898 | 5,845,802 |
| Merchant revenues | 2,048,005 | 2,082,973 | 2,186,054 |
| Advertising and other revenues | 712,885 | 613,116 | 410,115 |
| Total revenues | 10,743,006 | 9,223,987 | 8,441,971 |
| Cost of revenues | 428,314 | 632,180 | 857,841 |
| Gross profit | 10,314,692 | 8,591,807 | 7,584,130 |
| Operating expenses: | |||
| Performance advertising | 3,479,287 | 2,738,218 | 2,334,453 |
| Brand advertising | 295,698 | 273,704 | 257,077 |
| Sales and marketing | 435,225 | 353,221 | 310,910 |
| Personnel, including stock-based compensation of $249,574, $247,395, and $186,425, respectively | 1,350,032 | 1,166,226 | 950,191 |
| General and administrative | 455,909 | 415,420 | 352,869 |
| Information technology | 142,393 | 113,617 | 97,498 |
| Depreciation and amortization | 309,135 | 272,494 | 207,820 |
| Impairment of goodwill | 940,700 | 0 | 0 |
| Total operating expenses | 7,408,379 | 5,332,900 | 4,510,818 |
| Operating income | 2,906,313 | 3,258,907 | 3,073,312 |
| Other income (expense): | |||
| Interest income | 94,946 | 55,729 | 13,933 |
| Interest expense | (207,900) | (160,229) | (88,353) |
| Foreign currency transactions and other | (16,913) | (26,087) | (9,444) |
| Impairment of cost-method investments | (63,208) | 0 | 0 |
| Total other expense | (193,075) | (130,587) | (83,864) |
| Earnings before income taxes | 2,713,238 | 3,128,320 | 2,989,448 |
| Income tax expense | 578,251 | 576,960 | 567,695 |
| Net income | 2,134,987 | 2,551,360 | 2,421,753 |
| Net income applicable to common stockholders per basic common share | 43.14 | 50.09 | 46.30 |
| Weighted-average number of basic common shares outstanding | 49,491 | 50,940 | 52,301 |
| Net income applicable to common stockholders per diluted common share | 42.65 | 49.45 | 45.67 |
| Weighted-average number of diluted common shares outstanding | 50,063 | 51,593 | 53,023 |
| External Links | |
| BOOKING HOLDINGS INC. (BKNG) Fiscal Year 2016 | |
| 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 |