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 OPERATIONS | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 27, 2019) | |||
| (In Millions, except shares in Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Agency revenues | $ 10,480 | ||
| Agency revenues | 9,714 | 7,982 | |
| Merchant revenues | 2,987 | ||
| Merchant revenues | 2,133 | 2,048 | |
| Advertising and other revenues | 1,060 | 834 | 713 |
| Total revenues | 14,527 | 12,681 | 10,743 |
| Cost of revenues | 242 | 415 | |
| Gross profit | 12,439 | 10,328 | |
| Operating expenses: | |||
| Performance marketing | 4,447 | 4,161 | 3,479 |
| Brand marketing | 509 | 435 | 327 |
| Sales and other expenses | 830 | 517 | 422 |
| Personnel, including stock-based compensation of $317, $261 and $250, respectively | 2,042 | 1,660 | 1,350 |
| General and administrative | 699 | 576 | 452 |
| Information technology | 233 | 189 | 142 |
| Depreciation and amortization | 426 | 363 | 309 |
| Impairment of goodwill | 0 | 0 | 941 |
| Total operating expenses | 9,186 | 7,901 | 7,422 |
| Operating income | 5,341 | 4,538 | 2,906 |
| Other (expense) income: | |||
| Interest income | 187 | 157 | 95 |
| Interest expense | (269) | (254) | (208) |
| Net unrealized losses on marketable equity securities | (367) | 0 | 0 |
| Impairment of investments | 0 | ||
| Impairment of investments | (8) | (63) | |
| Foreign currency transactions and other | (57) | (34) | (17) |
| Total other expense | (506) | (139) | (193) |
| Earnings before income taxes | 4,835 | 4,399 | 2,713 |
| Income tax expense | 837 | 2,058 | 578 |
| Net income | 3,998 | 2,341 [1] | 2,135 |
| Net income applicable to common stockholders per basic common share | 84.26 | 47.78 | 43.14 |
| Weighted-average number of basic common shares outstanding (in 000's) | 47,446 | 48,994 | 49,491 |
| Net income applicable to common stockholders per diluted common share | 83.26 | 46.86 | 42.65 |
| Weighted-average number of diluted common shares outstanding (in 000's) | 48,017 | 49,954 | 50,063 |
| [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. | |||
| 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 |