Cash flow Booking Holdings Inc.

Equities

BKNG

US09857L1089

Leisure & Recreation

Market Closed - Nasdaq Other stock markets 04:00:00 2025-07-07 pm EDT			5-day change	1st Jan Change
5,815.92 ^USD	+1.73%		+0.46%	+17.06%

Jul. 07	Wells Fargo Adjusts PT on Booking Holdings to $5,411 From $4,692, Maintains Equalweight Rating	MT
Jun. 26	Dutch consumer groups prepare legal action against Booking.com, alleging inflated hotel prices	RE

38272d6b787.StShRM8GKnmvhTFb1h2NzguGBffj5UOzFXvSMKcz9fw.f7rCFLlvdQr8_0lpuSTfp3O-MZivqRHjTBC9SfhBtpMhtc8Hq0pOFu3NQg

Published financial data: BOOKING HOLDINGS INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	6.8B	10.96B	17.09B	21.36B	23.74B
Total Revenues	6.8B	10.96B	17.09B	21.36B	23.74B
Cost of Goods Sold, Total	1.94B	2.18B	2.46B	3.29B	3.35B
Gross Profit	4.85B	8.78B	14.62B	18.07B	20.38B
Selling General & Admin Expenses, Total	3.81B	5.71B	9.27B	11.64B	12.2B
Depreciation & Amortization - (IS)	458M	421M	451M	504M	591M
Other Operating Expenses	-	-	-	5M	-
Other Operating Expenses, Total	4.27B	6.14B	9.72B	12.15B	12.8B
Operating Income	580M	2.64B	4.9B	5.92B	7.59B
Interest Expense, Total	-356M	-334M	-391M	-897M	-1.3B
Interest And Investment Income	54M	16M	219M	1.02B	1.11B
Net Interest Expenses	-302M	-318M	-172M	123M	-181M
Currency Exchange Gains (Loss)	-207M	111M	-43M	-348M	383M
Other Non Operating Income (Expenses)	-4M	-13M	-1M	2M	-562M
EBT, Excl. Unusual Items	67M	2.42B	4.69B	5.7B	7.23B
Restructuring Charges	-149M	-13M	199M	-	-
Merger & Related Restructuring Charges	-	-	-	-90M	-
Impairment of Goodwill	-1.06B	-	-	-	-
Gain (Loss) On Sale Of Investments	1.71B	-569M	-963M	-131M	63M
Legal Settlements	-	-	-	-	-
Other Unusual Items	-	-378M	-	-	-
EBT, Incl. Unusual Items	567M	1.46B	3.92B	5.48B	7.29B
Income Tax Expense	508M	300M	865M	1.19B	1.41B
Earnings From Continuing Operations	59M	1.16B	3.06B	4.29B	5.88B
Net Income to Company	59M	1.16B	3.06B	4.29B	5.88B
Net Income - (IS)	59M	1.16B	3.06B	4.29B	5.88B
Net Income to Common Incl Extra Items	59M	1.16B	3.06B	4.29B	5.88B
Net Income to Common Excl. Extra Items	59M	1.16B	3.06B	4.29B	5.88B
Per Share Items
Net EPS - Basic	1.44	28.39	76.7	118.68	174.94
Basic EPS - Continuing Operations	1.44	28.39	76.7	118.68	174.94
Basic Weighted Average Shares Outstanding	40.97M	41.04M	39.87M	36.14M	33.62M
Net EPS - Diluted	1.44	28.17	76.35	117.4	172.69
Diluted EPS - Continuing Operations	1.44	28.17	76.35	117.4	172.69
Diluted Weighted Average Shares Outstanding	41.16M	41.36M	40.05M	36.53M	34.06M
Normalized Basic EPS	1.02	36.93	73.47	98.61	134.38
Normalized Diluted EPS	1.02	36.64	73.14	97.56	132.64
Dividend Per Share	-	-	-	-	35
Payout Ratio	-	-	-	-	19.96
American Depositary Receipts Ratio (ADR)	0.01	0.01	0.01	0.01	0.01
Supplemental Items
EBITDA	1.04B	3.07B	5.35B	6.43B	8.18B
EBITA	747M	2.81B	5.13B	5.92B	7.81B
EBIT	580M	2.64B	4.9B	5.92B	7.59B
EBITDAR	1.28B	3.29B	5.55B	6.69B	8.44B
Total Revenues (As Reported)	6.8B	10.96B	17.09B	21.36B	23.74B
Effective Tax Rate - (Ratio)	89.59	20.48	22.05	21.75	19.34
Current Domestic Taxes	-25M	80M	-23M	299M	-233M
Current Foreign Taxes	320M	665M	1.14B	1.37B	1.54B
Total Current Taxes	295M	745M	1.12B	1.67B	1.31B
Deferred Domestic Taxes	275M	-342M	-196M	-431M	73M
Deferred Foreign Taxes	-62M	-103M	-61M	-47M	25M
Total Deferred Taxes	213M	-445M	-257M	-478M	98M
Normalized Net Income	41.88M	1.52B	2.93B	3.56B	4.52B
Interest on Long-Term Debt	342M	323M	261M	409M	527M
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	-
Marketing Expenses	2.18B	3.8B	5.99B	6.77B	7.28B
Selling and Marketing Expenses	2.93B	4.68B	7.81B	9.52B	10.4B
General and Administrative Expenses	880M	1.03B	1.46B	2.12B	1.81B
Net Rental Expense, Total	238M	228M	200M	262M	256M
Imputed Operating Lease Interest Expense	62.21M	50.85M	50.77M	133M	165M
Imputed Operating Lease Depreciation	176M	177M	149M	129M	91.47M
Stock-Based Comp., COGS (Total)	233M	370M	404M	530M	599M
Stock-Based Comp., SG&A Exp. (Total)	-	-	-	-	-
Stock-Based Comp., Other (Total)	22M	6M	-	-	-
Total Stock-Based Compensation	255M	376M	404M	530M	599M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	10.56B	11.13B	12.22B	12.11B	16.16B
Short Term Investments	501M	25M	175M	576M	-
Total Cash And Short Term Investments	11.06B	11.15B	12.4B	12.68B	16.16B
Accounts Receivable, Total	529M	1.36B	2.23B	3.25B	3.2B
Other Receivables	28M	-	-	-	-
Total Receivables	557M	1.36B	2.23B	3.25B	3.2B
Prepaid Expenses	337M	404M	477M	644M	587M
Restricted Cash	20M	25M	30M	28M	-
Other Current Assets, Total	229M	206M	666M	426M	541M
Total Current Assets	12.21B	13.14B	15.8B	17.03B	20.49B
Gross Property Plant And Equipment	2.44B	2.62B	2.64B	2.71B	2.78B
Accumulated Depreciation	-1.15B	-1.3B	-1.32B	-1.22B	-1.39B
Net Property Plant And Equipment	1.28B	1.32B	1.31B	1.49B	1.39B
Long-term Investments	3.76B	3.18B	2.79B	440M	536M
Goodwill	1.9B	2.89B	2.81B	2.83B	2.8B
Other Intangibles, Total	1.81B	2.06B	1.83B	1.61B	1.38B
Deferred Tax Assets Long-Term	455M	554M	613M	294M	662M
Other Long-Term Assets, Total	462M	505M	211M	646M	447M
Total Assets	21.87B	23.64B	25.36B	24.34B	27.71B
Liabilities
Accounts Payable, Total	735M	1.59B	2.51B	3.48B	3.82B
Accrued Expenses, Total	915M	1.34B	2.09B	3.24B	4.76B
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	985M	1.99B	500M	1.96B	1.74B
Current Portion of Leases	159M	143M	146M	186M	148M
Current Income Taxes Payable	264M	268M	980M	1.18B	1.14B
Other Current Liabilities	367M	920M	2.25B	3.29B	4.03B
Total Current Liabilities	3.42B	6.25B	8.47B	13.33B	15.65B
Long-Term Debt	11.03B	8.94B	11.98B	12.22B	14.85B
Long-Term Leases	366M	351M	584M	633M	490M
Deferred Tax Liability Non Current	1.13B	905M	685M	258M	289M
Other Non Current Liabilities	1.03B	1.02B	851M	642M	449M
Total Liabilities	16.98B	17.46B	22.58B	27.09B	31.73B
Common Stock, Total	-	-	-	-	-
Additional Paid In Capital	5.85B	6.16B	6.49B	7.18B	7.71B
Retained Earnings	23.29B	24.45B	27.54B	31.83B	36.52B
Treasury Stock	-24.13B	-24.29B	-30.98B	-41.43B	-47.88B
Comprehensive Income and Other	-118M	-144M	-267M	-323M	-375M
Total Common Equity	4.89B	6.18B	2.78B	-2.74B	-4.02B
Total Equity	4.89B	6.18B	2.78B	-2.74B	-4.02B
Total Liabilities And Equity	21.87B	23.64B	25.36B	24.34B	27.71B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	40.96M	40.89M	37.65M	34.17M	32.82M
ECS Total Common Shares Outstanding	40.96M	41.07M	37.86M	34.4M	32.95M
Book Value / Share	119.46	150.44	73.48	-79.77	-122.01
Tangible Book Value	1.19B	1.23B	-1.85B	-7.18B	-8.2B
Tangible Book Value Per Share	28.96	30.05	-48.97	-208.82	-248.92
Total Debt	12.54B	11.42B	13.22B	15B	17.24B
Net Debt	-1.63B	-2.58B	-1.25B	2.01B	681M
Debt Equivalent Oper. Leases	1.9B	1.82B	1.6B	2.1B	2.05B
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	809M	789M	816M	679M	759M
Full Time Employees	20.1K	20.1K	21.38K	23.36K	24.06K
Part Time Employees	203	203	216	236	243
Accumulated Allowance for Doubtful Accounts (Supple)	166M	101M	117M	137M	146M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	59M	1.16B	3.06B	4.29B	5.88B
Depreciation & Amortization - CF	475M	437M	383M	665M	530M
Amortization of Goodwill and Intangible Assets - (CF)	167M	162M	224M	-	221M
Depreciation & Amortization, Total	642M	599M	607M	665M	751M
Amortization of Deferred Charges, Total - (CF)	64M	54M	-	-	-
(Gain) Loss From Sale Of Asset	-	-	-240M	-	-
(Gain) Loss on Sale of Investments - (CF)	-1.71B	569M	963M	131M	-63M
Asset Writedown & Restructuring Costs	1.06B	-	-	-	-
Stock-Based Compensation (CF)	255M	376M	404M	530M	599M
Provision and Write-off of Bad Debts	319M	109M	232M	330M	412M
Other Operating Activities, Total	415M	-321M	-265M	-310M	375M
Change In Accounts Receivable	891M	-1B	-1.23B	-1.33B	-506M
Change In Accounts Payable	-	-	-	-	-
Change In Income Taxes	-	-	-	-	-
Change in Other Net Operating Assets	-1.91B	1.27B	3.02B	3.04B	873M
Cash from Operations	85M	2.82B	6.55B	7.34B	8.32B
Capital Expenditure	-286M	-304M	-368M	-345M	-429M
Cash Acquisitions	-	-1.18B	-	-	-
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	2.92B	491M	-736M	1.83B	557M
Other Investing Activities, Total	-	-	586M	3M	1M
Cash from Investing	2.64B	-998M	-518M	1.49B	129M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	4.11B	2.02B	3.62B	1.89B	4.84B
Total Debt Issued	4.11B	2.02B	3.62B	1.89B	4.84B
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-1.24B	-3.07B	-1.88B	-500M	-1.31B
Total Debt Repaid	-1.24B	-3.07B	-1.88B	-500M	-1.31B
Issuance of Common Stock	-	-	-	134M	14M
Repurchase of Common Stock	-1.3B	-163M	-6.62B	-10.38B	-6.51B
Common Dividends Paid	-	-	-	-	-1.17B
Common & Preferred Stock Dividends Paid	-	-	-	-	-1.17B
Other Financing Activities, Total	-33M	-23M	-17M	-59M	-59M
Cash from Financing	1.53B	-1.24B	-4.9B	-8.91B	-4.2B
Foreign Exchange Rate Adjustments	-	-13M	-40M	-37M	-190M
Net Change in Cash	4.25B	570M	1.1B	-116M	4.06B
Supplemental Items
Cash Interest Paid	278M	318M	380M	842M	953M
Cash Income Tax Paid (Refund)	319M	735M	600M	1.79B	1.9B
Levered Free Cash Flow	259M	3.15B	5.77B	6.4B	7.45B
Unlevered Free Cash Flow	418M	3.31B	6.02B	6.96B	8.26B
Change In Net Working Capital	556M	-983M	-2.31B	-2.41B	-2.6B
Net Debt Issued / Repaid	2.86B	-1.05B	1.74B	1.39B	3.52B

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	1.68	7.26	12.51	14.9	18.23
Return on Total Capital	2.22	9.44	18.24	26.21	37.24
Return On Equity %	1.09	21.05	68.26	22.57K	-173.92
Return on Common Equity	1.09	21.05	68.26	22.57K	-173.92
Margin Analysis
Gross Profit Margin %	71.39	80.12	85.58	84.58	85.87
SG&A Margin	56.12	52.14	54.25	54.47	51.41
EBITDA Margin %	15.27	27.98	31.33	30.09	34.46
EBITA Margin %	10.99	25.62	30	27.73	32.9
EBIT Margin %	8.53	24.14	28.69	27.73	31.97
Income From Continuing Operations Margin %	0.87	10.63	17.89	20.07	24.78
Net Income Margin %	0.87	10.63	17.89	20.07	24.78
Net Avail. For Common Margin %	0.87	10.63	17.89	20.07	24.78
Normalized Net Income Margin	0.62	13.83	17.14	16.68	19.03
Levered Free Cash Flow Margin	3.81	28.77	33.77	29.95	31.38
Unlevered Free Cash Flow Margin	6.14	30.18	35.2	32.57	34.79
Asset Turnover
Asset Turnover	0.31	0.48	0.7	0.86	0.91
Fixed Assets Turnover	5.14	8.42	12.99	15.24	16.49
Receivables Turnover (Average Receivables)	6.15	11.61	9.53	7.79	7.36
Short Term Liquidity
Current Ratio	3.56	2.1	1.86	1.28	1.31
Quick Ratio	3.39	2	1.73	1.2	1.24
Operating Cash Flow to Current Liabilities	0.02	0.45	0.77	0.55	0.53
Days Sales Outstanding (Average Receivables)	59.48	31.43	38.3	46.83	49.74
Average Days Payable Outstanding	185.82	194.48	303.03	331.7	392.74
Long Term Solvency
Total Debt/Equity	256.26	184.85	475.02	-546.76	-428.76
Total Debt / Total Capital	71.93	64.89	82.61	122.38	130.42
LT Debt/Equity	232.88	150.34	451.8	-468.51	-381.67
Long-Term Debt / Total Capital	65.37	52.78	78.57	104.87	116.09
Total Liabilities / Total Assets	77.63	73.87	89.03	111.27	114.51
EBIT / Interest Expense	1.63	7.92	12.54	6.61	5.86
EBITDA / Interest Expense	3.58	9.86	14.2	7.46	6.51
(EBITDA - Capex) / Interest Expense	2.78	8.95	13.26	7.07	6.18
Total Debt / EBITDA	9.83	3.47	2.38	2.24	2.04
Net Debt / EBITDA	-1.28	-0.78	-0.23	0.3	0.08
Total Debt / (EBITDA - Capex)	12.67	3.82	2.55	2.36	2.15
Net Debt / (EBITDA - Capex)	-1.64	-0.86	-0.24	0.32	0.09
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-54.89	61.24	55.96	25.01	11.11
Gross Profit, 1 Yr. Growth %	-62.15	88.7	66.57	23.56	12.8
EBITDA, 1 Yr. Growth %	-82.15	265.44	74.62	21	27.24
EBITA, 1 Yr. Growth %	-86.47	412.23	82.65	21.86	27.05
EBIT, 1 Yr. Growth %	-89.15	594.23	85.37	21.86	28.08
Earnings From Cont. Operations, 1 Yr. Growth %	-98.79	1.87K	162.49	40.26	37.14
Net Income, 1 Yr. Growth %	-98.79	1.87K	162.49	40.26	37.14
Normalized Net Income, 1 Yr. Growth %	-98.71	-1.91K	93.28	22.73	26.78
Diluted EPS Before Extra, 1 Yr. Growth %	-98.71	1.86K	171.03	53.77	47.1
Accounts Receivable, 1 Yr. Growth %	-68.51	156.71	64.14	45.94	-1.66
Net Property, Plant and Equip., 1 Yr. Growth %	-5.38	2.57	-0.3	13.32	-6.58
Total Assets, 1 Yr. Growth %	2.21	8.08	7.28	-4.02	13.83
Tangible Book Value, 1 Yr. Growth %	11.26	4.05	-250.24	287.43	14.17
Common Equity, 1 Yr. Growth %	-17.53	26.26	-54.97	-198.63	46.5
Cash From Operations, 1 Yr. Growth %	-98.25	3.22K	132.41	12.05	13.33
Capital Expenditures, 1 Yr. Growth %	-22.28	6.29	21.05	-6.25	24.35
Levered Free Cash Flow, 1 Yr. Growth %	-93.71	2.24K	86.53	11.35	16.43
Unlevered Free Cash Flow, 1 Yr. Growth %	-90.12	1.03K	82.14	16.16	18.68
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-31.6	-14.72	58.58	39.63	17.86
Gross Profit, 2 Yr. CAGR %	-37.66	-17.24	74.94	43.46	18.06
EBITDA, 2 Yr. CAGR %	-57.57	-27.38	135.55	45.11	24.08
EBITA, 2 Yr. CAGR %	-63.21	-28.69	175.8	50.04	23.92
EBIT, 2 Yr. CAGR %	-67.05	-29.65	210.98	50.04	24.94
Earnings From Cont. Operations, 2 Yr. CAGR %	-87.85	-51.06	619.93	91.87	38.69
Net Income, 2 Yr. CAGR %	-87.85	-51.06	619.93	91.87	38.69
Normalized Net Income, 2 Yr. CAGR %	-88.65	-31.8	2.32K	53.75	24.74
Diluted EPS Before Extra, 2 Yr. CAGR %	-86.85	-49.81	628.17	104.15	50.39
Accounts Receivable, 2 Yr. CAGR %	-41.06	-10.09	105.27	54.77	19.8
Net Property, Plant and Equip., 2 Yr. CAGR %	39.96	-1.48	1.12	6.29	2.89
Total Assets, 2 Yr. CAGR %	-1.81	5.1	7.68	1.47	4.52
Tangible Book Value, 2 Yr. CAGR %	-43.41	7.59	25.03	141.27	110.32
Common Equity, 2 Yr. CAGR %	-25.37	2.04	-24.6	-33.36	20.21
Cash From Operations, 2 Yr. CAGR %	-87.38	-23.87	778.1	61.38	12.69
Capital Expenditures, 2 Yr. CAGR %	-19.56	-9.11	13.43	6.53	7.97
Levered Free Cash Flow, 2 Yr. CAGR %	-73.88	-12.5	521.62	43.99	13.86
Unlevered Free Cash Flow, 2 Yr. CAGR %	-67.31	-11.53	302.22	45.33	17.42
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-18.77	-8.97	4.29	46.49	29.39
Gross Profit, 3 Yr. CAGR %	-26.93	-11.07	4.49	55.79	32.42
EBITDA, 3 Yr. CAGR %	-40.41	-18.99	-2.71	88.16	38.89
EBITA, 3 Yr. CAGR %	-45.91	-20.18	-2.43	106.38	43.7
EBIT, 3 Yr. CAGR %	-49.65	-20.88	-2.84	126.93	42.33
Earnings From Cont. Operations, 3 Yr. CAGR %	-70.68	-33.7	-14.34	317.35	71.55
Net Income, 3 Yr. CAGR %	-70.68	-33.7	-14.34	317.35	71.55
Normalized Net Income, 3 Yr. CAGR %	-75.22	-22.46	-3.48	793.26	44.18
Diluted EPS Before Extra, 3 Yr. CAGR %	-68.68	-30.32	-11.94	333.62	83.02
Accounts Receivable, 3 Yr. CAGR %	-24.27	-3.75	9.88	83.21	33.06
Net Property, Plant and Equip., 3 Yr. CAGR %	38.85	26.18	-1.09	5.03	1.81
Total Assets, 3 Yr. CAGR %	-4.92	1.38	5.82	3.63	5.43
Tangible Book Value, 3 Yr. CAGR %	-42.67	-30.67	20.26	82.28	88.01
Common Equity, 3 Yr. CAGR %	-24.26	-11.07	-22.31	-17.54	-13.35
Cash From Operations, 3 Yr. CAGR %	-73.68	-19.16	10.44	342.08	43.44
Capital Expenditures, 3 Yr. CAGR %	-0.23	-11.73	0	6.45	12.17
Levered Free Cash Flow, 3 Yr. CAGR %	-57.86	-6.01	11.92	249.89	34.14
Unlevered Free Cash Flow, 3 Yr. CAGR %	-50.96	-5.4	12.5	165.49	35.84
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-5.93	0.4	6.15	8.02	9.52
Gross Profit, 5 Yr. CAGR %	-10.74	-3.2	3.29	7.68	9.72
EBITDA, 5 Yr. CAGR %	-21.62	-5.9	1.76	2.2	7.07
EBITA, 5 Yr. CAGR %	-26.18	-6.91	1.67	1.43	7.19
EBIT, 5 Yr. CAGR %	-29.1	-7.22	1.54	2.1	7.26
Earnings From Cont. Operations, 5 Yr. CAGR %	-52.92	-11.41	5.49	1.42	3.87
Net Income, 5 Yr. CAGR %	-52.92	-11.41	5.49	1.42	3.87
Normalized Net Income, 5 Yr. CAGR %	-53.57	-8.19	1.25	1.85	6.76
Diluted EPS Before Extra, 5 Yr. CAGR %	-50.7	-7.96	10.26	7.11	9.08
Accounts Receivable, 5 Yr. CAGR %	-3.89	9.56	12.85	16.39	13.75
Net Property, Plant and Equip., 5 Yr. CAGR %	36.14	30.59	22.31	17.81	0.48
Total Assets, 5 Yr. CAGR %	4.66	3.57	-0.07	1.42	5.3
Tangible Book Value, 5 Yr. CAGR %	-18.27	-25.52	-21.69	14.17	50.39
Common Equity, 5 Yr. CAGR %	-11.07	-8.85	-24.39	-20.76	-7.49
Cash From Operations, 5 Yr. CAGR %	-51.61	-6.68	7.05	6.59	11.34
Capital Expenditures, 5 Yr. CAGR %	10.46	6.68	5.02	-4.83	3.12
Levered Free Cash Flow, 5 Yr. CAGR %	-35.72	1.7	10.78	11	12.59
Unlevered Free Cash Flow, 5 Yr. CAGR %	-29.44	2.31	11.19	12.24	14.34