Cash flow Booking Holdings Inc.

Equities

BKNG

US09857L1089

Leisure & Recreation

Real-time Estimate Cboe BZX Other stock markets 10:55:32 2025-01-21 EST			5-day change	1st Jan Change
4,755.70 ^USD	-3.47%		-0.52%	-4.32%

01-17	B. Riley Cuts Price Target on Booking Holdings to $5,700 From $5,800, Keeps Buy Rating	MT
01-16	Wells Fargo Adjusts Price Target on Booking Holdings to $4,470 From $4,657, Maintains Equalweight Rating	MT

21b842b198e452.DRfsrKuhkHloxmBHYdsEb5ag_rmDHSiBaqB2h0_aW4E.T0agn9yU6CAqtRMMLelnPduQtd2xXH7SCPA1yzayPOl0RIXkzNLgVDCJBw

Published financial data: BOOKING HOLDINGS INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	15.07B	6.8B	10.96B	17.09B	21.36B
Total Revenues	15.07B	6.8B	10.96B	17.09B	21.36B
Cost of Goods Sold, Total	-	1.94B	2.18B	2.46B	3.29B
Gross Profit	15.07B	4.85B	8.78B	14.62B	18.07B
Selling General & Admin Expenses, Total	9.25B	3.81B	5.71B	9.27B	11.64B
Depreciation & Amortization - (IS)	469M	458M	421M	451M	504M
Other Operating Expenses	-	-	-	-	5M
Other Operating Expenses, Total	9.72B	4.27B	6.14B	9.72B	12.15B
Operating Income	5.34B	580M	2.64B	4.9B	5.92B
Interest Expense, Total	-266M	-356M	-334M	-391M	-897M
Interest And Investment Income	152M	54M	16M	219M	1.02B
Net Interest Expenses	-114M	-302M	-318M	-172M	123M
Currency Exchange Gains (Loss)	-32M	-207M	111M	-43M	-348M
Other Non Operating Income (Expenses)	3M	-4M	-13M	-1M	2M
EBT, Excl. Unusual Items	5.2B	67M	2.42B	4.69B	5.7B
Restructuring Charges	-	-149M	-13M	199M	-
Merger & Related Restructuring Charges	-	-	-	-	-90M
Impairment of Goodwill	-	-1.06B	-	-	-
Gain (Loss) On Sale Of Investments	756M	1.71B	-569M	-963M	-131M
Legal Settlements	-	-	-	-	-
Other Unusual Items	-	-	-378M	-	-
EBT, Incl. Unusual Items	5.96B	567M	1.46B	3.92B	5.48B
Income Tax Expense	1.09B	508M	300M	865M	1.19B
Earnings From Continuing Operations	4.86B	59M	1.16B	3.06B	4.29B
Net Income to Company	4.86B	59M	1.16B	3.06B	4.29B
Net Income - (IS)	4.86B	59M	1.16B	3.06B	4.29B
Net Income to Common Incl Extra Items	4.86B	59M	1.16B	3.06B	4.29B
Net Income to Common Excl. Extra Items	4.86B	59M	1.16B	3.06B	4.29B
Per Share Items
Net EPS - Basic	112.92	1.44	28.39	76.7	118.68
Basic EPS - Continuing Operations	112.92	1.44	28.39	76.7	118.68
Basic Weighted Average Shares Outstanding	43.08M	40.97M	41.04M	39.87M	36.14M
Net EPS - Diluted	111.82	1.44	28.17	76.35	117.4
Diluted EPS - Continuing Operations	111.82	1.44	28.17	76.35	117.4
Diluted Weighted Average Shares Outstanding	43.51M	41.16M	41.36M	40.05M	36.53M
Normalized Basic EPS	75.47	1.02	36.93	73.47	98.61
Normalized Diluted EPS	74.73	1.02	36.64	73.14	97.56
American Depositary Receipts Ratio (ADR)	0.01	0.01	0.01	0.01	0.01
Supplemental Items
EBITDA	5.81B	1.04B	3.07B	5.35B	6.43B
EBITA	5.52B	747M	2.81B	5.13B	5.92B
EBIT	5.34B	580M	2.64B	4.9B	5.92B
EBITDAR	6.05B	1.28B	3.29B	5.55B	6.69B
Total Revenues (As Reported)	15.07B	6.8B	10.96B	17.09B	21.36B
Effective Tax Rate - (Ratio)	18.34	89.59	20.48	22.05	21.75
Current Domestic Taxes	56M	-25M	80M	-23M	299M
Current Foreign Taxes	915M	320M	665M	1.14B	1.37B
Total Current Taxes	971M	295M	745M	1.12B	1.67B
Deferred Domestic Taxes	134M	275M	-342M	-196M	-431M
Deferred Foreign Taxes	-12M	-62M	-103M	-61M	-47M
Total Deferred Taxes	122M	213M	-445M	-257M	-478M
Normalized Net Income	3.25B	41.88M	1.52B	2.93B	3.56B
Interest on Long-Term Debt	228M	342M	323M	261M	409M
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	-
Marketing Expenses	4.97B	2.18B	3.8B	5.99B	6.77B
Selling and Marketing Expenses	5.92B	2.93B	4.68B	7.81B	9.52B
General and Administrative Expenses	1.08B	880M	1.03B	1.46B	2.12B
Net Rental Expense, Total	237M	238M	228M	200M	262M
Imputed Operating Lease Interest Expense	56.27M	62.21M	50.85M	50.77M	133M
Imputed Operating Lease Depreciation	181M	176M	177M	149M	129M
Stock-Based Comp., COGS (Total)	-	233M	370M	404M	530M
Stock-Based Comp., SG&A Exp. (Total)	308M	-	-	-	-
Stock-Based Comp., Other (Total)	17M	22M	6M	-	-
Total Stock-Based Compensation	325M	255M	376M	404M	530M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	6.31B	10.56B	11.13B	12.22B	12.11B
Short Term Investments	998M	501M	25M	175M	576M
Total Cash And Short Term Investments	7.31B	11.06B	11.15B	12.4B	12.68B
Accounts Receivable, Total	1.68B	529M	1.36B	2.23B	3.25B
Other Receivables	-	28M	-	-	-
Total Receivables	1.68B	557M	1.36B	2.23B	3.25B
Prepaid Expenses	811M	337M	404M	477M	644M
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	20M	20M	25M	30M	28M
Other Current Assets, Total	12M	229M	206M	666M	426M
Total Current Assets	9.83B	12.21B	13.14B	15.8B	17.03B
Gross Property Plant And Equipment	2.28B	2.44B	2.62B	2.64B	2.71B
Accumulated Depreciation	-927M	-1.15B	-1.3B	-1.32B	-1.22B
Net Property Plant And Equipment	1.36B	1.28B	1.32B	1.31B	1.49B
Long-term Investments	4.48B	3.76B	3.18B	2.79B	440M
Goodwill	2.91B	1.9B	2.89B	2.81B	2.83B
Other Intangibles, Total	1.95B	1.81B	2.06B	1.83B	1.61B
Deferred Tax Assets Long-Term	400M	455M	554M	613M	294M
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	467M	462M	505M	211M	646M
Total Assets	21.4B	21.87B	23.64B	25.36B	24.34B
Liabilities
Accounts Payable, Total	1.24B	735M	1.59B	2.51B	3.48B
Accrued Expenses, Total	1.36B	915M	1.34B	2.09B	3.24B
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	988M	985M	1.99B	500M	1.96B
Current Portion of Leases	161M	159M	143M	146M	186M
Current Income Taxes Payable	53M	264M	268M	980M	1.18B
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities	1.57B	367M	920M	2.25B	3.29B
Total Current Liabilities	5.37B	3.42B	6.25B	8.47B	13.33B
Long-Term Debt	7.64B	11.03B	8.94B	11.98B	12.22B
Long-Term Leases	462M	366M	351M	584M	633M
Deferred Tax Liability Non Current	876M	1.13B	905M	685M	258M
Other Non Current Liabilities	1.12B	1.03B	1.02B	851M	642M
Total Liabilities	15.47B	16.98B	17.46B	22.58B	27.09B
Common Stock, Total	-	-	-	-	-
Additional Paid In Capital	5.76B	5.85B	6.16B	6.49B	7.18B
Retained Earnings	23.23B	23.29B	24.45B	27.54B	31.83B
Treasury Stock	-22.86B	-24.13B	-24.29B	-30.98B	-41.43B
Comprehensive Income and Other	-191M	-118M	-144M	-267M	-323M
Total Common Equity	5.93B	4.89B	6.18B	2.78B	-2.74B
Total Equity	5.93B	4.89B	6.18B	2.78B	-2.74B
Total Liabilities And Equity	21.4B	21.87B	23.64B	25.36B	24.34B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	41.06M	40.96M	40.89M	37.65M	34.17M
ECS Total Common Shares Outstanding	41.42M	40.96M	41.07M	37.86M	34.4M
Book Value / Share	143.25	119.46	150.44	73.48	-79.77
Tangible Book Value	1.07B	1.19B	1.23B	-1.85B	-7.18B
Tangible Book Value Per Share	25.74	28.96	30.05	-48.97	-208.82
Total Debt	9.25B	12.54B	11.42B	13.22B	15B
Net Debt	-1.78B	-1.63B	-2.58B	-1.25B	2.01B
Debt Equivalent Oper. Leases	1.9B	1.9B	1.82B	1.6B	2.1B
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	797M	809M	789M	816M	679M
Full Time Employees	26.4K	20.1K	20.1K	21.38K	23.36K
Part Time Employees	-	203	203	216	236
Accumulated Allowance for Doubtful Accounts (Supple)	49M	166M	101M	117M	137M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	4.86B	59M	1.16B	3.06B	4.29B
Depreciation & Amortization - CF	466M	475M	437M	383M	665M
Amortization of Goodwill and Intangible Assets - (CF)	175M	167M	162M	224M	-
Depreciation & Amortization, Total	641M	642M	599M	607M	665M
Amortization of Deferred Charges, Total - (CF)	58M	64M	54M	-	-
(Gain) Loss From Sale Of Asset	-	-	-	-240M	-
(Gain) Loss on Sale of Investments - (CF)	-745M	-1.71B	569M	963M	131M
Asset Writedown & Restructuring Costs	-	1.06B	-	-	-
Stock-Based Compensation (CF)	325M	255M	376M	404M	530M
Provision and Write-off of Bad Debts	138M	319M	109M	232M	330M
Other Operating Activities, Total	124M	415M	-321M	-265M	-310M
Change In Accounts Receivable	-323M	891M	-1B	-1.23B	-1.33B
Change In Accounts Payable	480M	-	-	-	-
Change In Income Taxes	-36M	-	-	-	-
Change in Other Net Operating Assets	-662M	-1.91B	1.27B	3.02B	3.04B
Cash from Operations	4.86B	85M	2.82B	6.55B	7.34B
Capital Expenditure	-368M	-286M	-304M	-368M	-345M
Cash Acquisitions	-9M	-	-1.18B	-	-
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	7.43B	2.92B	491M	-736M	1.83B
Other Investing Activities, Total	-	-	-	586M	3M
Cash from Investing	7.05B	2.64B	-998M	-518M	1.49B
Short Term Debt Issued, Total	400M	-	-	-	-
Long-Term Debt Issued, Total	-	4.11B	2.02B	3.62B	1.89B
Total Debt Issued	400M	4.11B	2.02B	3.62B	1.89B
Short Term Debt Repaid, Total	-425M	-	-	-	-
Long-Term Debt Repaid, Total	-	-1.24B	-3.07B	-1.88B	-500M
Total Debt Repaid	-425M	-1.24B	-3.07B	-1.88B	-500M
Issuance of Common Stock	-	-	-	-	134M
Repurchase of Common Stock	-8.19B	-1.3B	-163M	-6.62B	-10.38B
Other Financing Activities, Total	-8M	-33M	-23M	-17M	-59M
Cash from Financing	-8.22B	1.53B	-1.24B	-4.9B	-8.91B
Foreign Exchange Rate Adjustments	-8M	-	-13M	-40M	-37M
Net Change in Cash	3.69B	4.25B	570M	1.1B	-116M
Supplemental Items
Cash Interest Paid	221M	278M	318M	380M	842M
Cash Income Tax Paid (Refund)	1.07B	319M	735M	600M	1.79B
Levered Free Cash Flow	4.12B	259M	3.15B	5.77B	6.4B
Unlevered Free Cash Flow	4.23B	418M	3.31B	6.02B	6.96B
Change In Net Working Capital	-287M	556M	-983M	-2.31B	-2.41B
Net Debt Issued / Repaid	-25M	2.86B	-1.05B	1.74B	1.39B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	15.15	1.68	7.26	12.51	14.9
Return on Total Capital	20.47	2.22	9.44	18.24	26.21
Return On Equity %	66.11	1.09	21.05	68.26	22.57K
Return on Common Equity	66.11	1.09	21.05	68.26	22.57K
Margin Analysis
Gross Profit Margin %	100	71.39	80.12	85.58	84.58
SG&A Margin	61.41	56.12	52.14	54.25	54.47
EBITDA Margin %	38.59	15.27	27.98	31.33	30.09
EBITA Margin %	36.64	10.99	25.62	30	27.73
EBIT Margin %	35.48	8.53	24.14	28.69	27.73
Income From Continuing Operations Margin %	32.29	0.87	10.63	17.89	20.07
Net Income Margin %	32.29	0.87	10.63	17.89	20.07
Net Avail. For Common Margin %	32.29	0.87	10.63	17.89	20.07
Normalized Net Income Margin	21.58	0.62	13.83	17.14	16.68
Levered Free Cash Flow Margin	27.33	3.81	28.77	33.77	29.95
Unlevered Free Cash Flow Margin	28.05	6.14	30.18	35.2	32.57
Asset Turnover
Asset Turnover	0.68	0.31	0.48	0.7	0.86
Fixed Assets Turnover	14.96	5.14	8.42	12.99	15.24
Receivables Turnover (Average Receivables)	9.41	6.15	11.61	9.53	7.79
Short Term Liquidity
Current Ratio	1.83	3.56	2.1	1.86	1.28
Quick Ratio	1.68	3.39	2	1.73	1.2
Operating Cash Flow to Current Liabilities	0.91	0.02	0.45	0.77	0.55
Days Sales Outstanding (Average Receivables)	38.8	59.48	31.43	38.3	46.83
Average Days Payable Outstanding	-	185.82	194.48	303.03	331.7
Long Term Solvency
Total Debt/Equity	155.92	256.26	184.85	475.02	-546.76
Total Debt / Total Capital	60.93	71.93	64.89	82.61	122.38
LT Debt/Equity	136.56	232.88	150.34	451.8	-468.51
Long-Term Debt / Total Capital	53.36	65.37	52.78	78.57	104.87
Total Liabilities / Total Assets	72.28	77.63	73.87	89.03	111.27
EBIT / Interest Expense	20.09	1.63	7.92	12.54	6.61
EBITDA / Interest Expense	22.75	3.58	9.86	14.2	7.46
(EBITDA - Capex) / Interest Expense	21.36	2.78	8.95	13.26	7.07
Total Debt / EBITDA	1.53	9.83	3.47	2.38	2.24
Net Debt / EBITDA	-0.29	-1.28	-0.78	-0.23	0.3
Total Debt / (EBITDA - Capex)	1.63	12.67	3.82	2.55	2.36
Net Debt / (EBITDA - Capex)	-0.31	-1.64	-0.86	-0.24	0.32
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	3.71	-54.89	61.24	55.96	25.01
Gross Profit, 1 Yr. Growth %	3.71	-62.15	88.7	66.57	23.56
EBITDA, 1 Yr. Growth %	0.81	-82.15	265.44	74.62	21
EBITA, 1 Yr. Growth %