← Booking Holdings Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Available to Common Stockholders, Basic $2.1b $2.3b $4.0b $4.9b $59.0m $1.2b $3.1b $4.3b $5.9b $5.4b
Amortization of Debt Issuance Costs and Discounts — — — $58.0m $64.0m $54.0m — — — —
Amortization of Intangible Assets $169.1m $175.5m $178.0m $175.0m $167.0m $162.0m $224.0m $222.0m $221.0m $204.0m
Amortization of debt discount and change in fair value of the conversion option related to the convertible senior notes — — — — — — — $0 $796.0m $360.0m
Depreciation, Depletion and Amortization $309.1m $362.8m $426.0m $469.0m $458.0m $421.0m $451.0m $504.0m $591.0m $623.0m
Depreciation, Nonproduction $140.1m $187.2m $248.0m $294.0m $291.0m $259.0m $227.0m $282.0m $370.0m $419.0m
Operating lease amortization — $0 $0 $172.0m $184.0m $178.0m $156.0m $161.0m $160.0m $145.0m
Deferred Income Tax Expense (Benefit) ($111.9m) ($32.5m) ($150.0m) $122.0m $213.0m ($445.0m) ($257.0m) ($478.0m) $98.0m ($516.0m)
Deferred income taxes ($111.9m) ($32.5m) ($150.0m) $122.0m $213.0m ($445.0m) ($257.0m) ($478.0m) $98.0m ($516.0m)
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount — — $0 — $100.0m $0 — — — —
Goodwill and Intangible Asset Impairment — — — — — — — — — $457.0m
Goodwill, Impairment Loss $940.7m $0 $0 $0 $1.1b $0 $0 — — $180.0m
Impairment — — — — — — — $0 $0 $457.0m
Payment, Tax Withholding, Share-based Payment Arrangement — $101.4m $163.0m $151.0m $141.0m $163.0m $165.0m $194.0m $345.0m $530.0m
Share-based Payment Arrangement, Expense $249.6m $260.9m $317.0m $308.0m — — $404.0m $530.0m $599.0m $613.0m
Gain (Loss) on Extinguishment of Debt $0 ($2.4m) $0 — — ($242.0m) $0 $0 — —
Income Tax Expense (Benefit) $578.3m $2.1b $837.0m $1.1b $508.0m $300.0m $865.0m $1.2b $1.4b $1.4b
Interest Expense Nonoperating — — — — — — — — $1.3b $1.6b
Other Nonoperating Income (Expense) — — — — $1.6b ($697.0m) ($788.0m) $543.0m ($82.0m) ($1.3b)
Changes in operating assets and liabilities:
Additional Financial Items
Accounts receivable ($284.2m) ($269.7m) ($319.0m) ($323.0m) $891.0m ($1.0b) ($1.2b) ($1.3b) ($506.0m) ($730.0m)
Deferred merchant bookings and other current liabilities $516.4m $687.4m $635.0m $480.0m ($2.3b) $1.5b $3.7b $2.7b $1.4b $796.0m
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal — — — — — — ($41.0m) — — —
Equity Securities, FV-NI, Gain (Loss) — — — — $1.8b ($569.0m) ($963.0m) ($131.0m) $63.0m $46.0m
Equity Securities, FV-NI, Unrealized Gain (Loss) — — ($367.0m) $745.0m — — — — — —
Foreign Currency Transaction Gain (Loss), before Tax — — $0 ($7.0m) ($207.0m) $111.0m ($43.0m) ($348.0m) $383.0m ($1.5b)
General and Administrative Expense $455.9m $585.5m $699.0m $797.0m $581.0m $620.0m $934.0m $1.6b $1.0b $857.0m
Goodwill $2.4b $2.7b $2.9b $2.9b $1.9b $2.9b $2.8b $2.8b $2.8b $2.7b
Increase (Decrease) in Accounts Receivable $284.2m $269.7m $319.0m $323.0m ($891.0m) $1.0b $1.2b $1.3b $506.0m $730.0m
Investment Income, Interest $94.9m $157.2m $187.0m — — — — — — —
Net (gains) losses on equity securities — — $367.0m ($745.0m) ($1.8b) $569.0m $963.0m $131.0m ($63.0m) ($46.0m)
Nonoperating Income (Expense) ($193.1m) ($139.7m) ($506.0m) $613.0m — — — — — —
Operating Expenses $7.4b $7.9b $9.2b $9.7b $7.4b $8.5b $12.0b $15.5b $16.2b $18.1b
Other ($21.8m) $34.1m $19.0m $2.0m $2.0m $17.0m $38.0m $5.0m ($476.0m) $369.0m
Prepaid expenses and other current assets $5.5m ($124.3m) ($201.0m) ($263.0m) $161.0m $6.0m ($217.0m) $155.0m ($12.0m) $100.0m
Proceeds from Stock Options Exercised $15.6m $5.1m $2.0m — — $5.0m $7.0m $134.0m $14.0m $15.0m
Proceeds from exercise of stock options $15.6m $5.1m $2.0m — — $5.0m $7.0m $134.0m $14.0m $15.0m
Provision for expected credit losses and chargebacks — — $163.0m $138.0m $319.0m $109.0m $232.0m $330.0m $412.0m $416.0m
Restructuring Costs — — — — — — — — $34.0m $205.0m
Stock-based compensation expense $249.7m $261.3m $331.0m $325.0m $255.0m $376.0m $404.0m $530.0m $599.0m $617.0m
Unrealized foreign currency transaction losses (gains) related to Euro-denominated debt — — $0 ($7.0m) $200.0m ($135.0m) ($46.0m) $163.0m ($526.0m) $1.4b
Other Operating Income (Expense), Net — — — — — — — ($5.0m) $0 —
Net Cash Provided by (Used in) Operating Activities $3.9b $4.7b $5.3b $4.9b $85.0m $2.8b $6.6b $7.3b $8.3b $9.4b
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $219.9m $287.8m $442.0m $368.0m $286.0m $304.0m $368.0m $345.0m $429.0m $322.0m
Payments to Acquire Businesses, Net of Cash Acquired — — — — — — $0 $0 — —
Payments to Acquire Investments — — — $672.0m $74.0m $17.0m $768.0m $12.0m $33.0m $0
Purchase of investments ($6.7b) ($6.5b) ($2.7b) ($672.0m) ($74.0m) ($17.0m) ($768.0m) ($12.0m) ($33.0m) $0
Proceeds from sale and maturity of investments — $3.6b $5.6b $8.1b $3.0b $508.0m $32.0m $1.8b $590.0m $0
Other investing activities — — — — $0 $0 ($15.0m) $3.0m $1.0m $9.0m
Payments for (Proceeds from) Other Investing Activities — — — — — — $15.0m ($3.0m) ($1.0m) ($9.0m)
Net cash (used in) provided by investing activities ($3.3b) ($4.2b) $2.2b $7.0b $2.6b ($998.0m) ($518.0m) $1.5b $129.0m ($313.0m)
Net Cash Provided by (Used in) Investing Activities ($3.3b) ($4.2b) $2.2b $7.0b $2.6b ($998.0m) ($518.0m) $1.5b $129.0m ($313.0m)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt $994.7m $2.0b $0 $0 $4.1b $2.0b $3.6b $1.9b $4.8b $3.7b
Proceeds from the issuance of long-term debt $994.7m $2.0b $0 $0 $4.1b $2.0b $3.6b $1.9b $4.8b $3.7b
Payments on maturity, redemption, and conversion of debt — — — $0 ($1.2b) ($3.1b) ($1.9b) ($500.0m) ($1.3b) ($5.0b)
Repayments of Long-term Debt — — — — — $3.1b $1.9b $500.0m $1.3b $5.0b
Payments for Repurchase of Common Stock $1.0b $1.8b $6.0b $8.2b $1.3b $163.0m $6.6b $10.4b $6.5b $6.4b
Dividends paid — — — — — — $0 $0 $1.2b $1.2b
Other financing activities $0 $0 $2.0m ($8.0m) ($33.0m) ($23.0m) ($17.0m) ($59.0m) ($59.0m) $47.0m
Proceeds from (Payments for) Other Financing Activities $0 $0 — ($8.0m) ($33.0m) ($23.0m) ($17.0m) ($59.0m) ($59.0m) $47.0m
Net Cash Provided by (Used in) Financing Activities $57.7m ($78.7m) ($7.4b) ($8.2b) $1.5b ($1.2b) ($4.9b) ($8.9b) ($4.2b) ($8.9b)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents ($45.2m) $100.0m ($40.0m) ($8.0m) $0 ($13.0m) ($40.0m) ($37.0m) ($190.0m) $895.0m
Effect of exchange rate changes on cash and cash equivalents and restricted cash and cash equivalents ($45.2m) $100.0m ($40.0m) ($8.0m) $0 ($13.0m) ($40.0m) ($37.0m) ($190.0m) $895.0m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($45.2m) $481.3m $82.0m $3.7b $4.2b $570.0m $1.1b ($116.0m) $4.1b $1.1b
Net increase (decrease) in cash and cash equivalents and restricted cash and cash equivalents $603.9m $481.3m $82.0m $3.7b $4.2b $570.0m $1.1b ($116.0m) $4.1b $1.1b
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents ($45.2m) $2.6b $2.6b $6.3b $10.6b $11.2b $12.3b $12.1b $16.2b $17.3b
Total cash and cash equivalents and restricted cash and cash equivalents, beginning of period $2.1b $2.6b $2.6b $6.3b $10.6b $11.2b $12.3b $12.1b $16.2b $17.3b
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $125.9m $154.9m $219.0m $221.0m $278.0m $318.0m $380.0m $842.0m $953.0m $1.1b
Income Taxes Paid, Net $636.5m $702.4m $1.2b $1.1b $319.0m $735.0m $600.0m $1.8b $1.9b $2.3b

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.