2020 Q1 Form 10-Q Financial Statement

#000107553120000027 Filed on May 07, 2020

View on sec.gov

Income Statement

Concept 2020 Q1 2019 Q4 2019 Q1
Revenue $2.288B $3.339B $2.837B
YoY Change -19.35% 3.92% -3.11%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $1.052B $2.050B $1.384B
YoY Change -23.99% 4.53% -33.93%
% of Gross Profit
Research & Development $78.00M $65.00M
YoY Change 20.0% 8.33%
% of Gross Profit
Depreciation & Amortization $117.0M $117.0M $116.0M
YoY Change 0.86% 7.73% 12.51%
% of Gross Profit
Operating Expenses $2.597B $2.167B $2.281B
YoY Change 13.85% 4.7% 3.78%
Operating Profit -$309.0M $556.0M
YoY Change -155.58% -23.84%
Interest Expense $64.00M $248.0M $66.00M
YoY Change -3.03% -148.53% -5.71%
% of Operating Profit 11.87%
Other Income/Expense, Net -$413.0M $412.0M
YoY Change -200.24% 1691.3%
Pretax Income -$722.0M $1.420B $968.0M
YoY Change -174.59% 124.72% 28.55%
Income Tax -$23.00M $243.0M $203.0M
% Of Pretax Income 17.11% 20.97%
Net Earnings -$699.0M $1.171B $765.0M
YoY Change -191.37% 81.33% 25.99%
Net Earnings / Revenue -30.55% 35.07% 26.97%
Basic Earnings Per Share -$17.01 $28.07 $17.01
Diluted Earnings Per Share -$17.01 $27.75 $16.85
COMMON SHARES
Basic Shares Outstanding 41.09M shares 41.86M shares 45.01M shares
Diluted Shares Outstanding 41.09M shares 45.44M shares

Balance Sheet

Concept 2020 Q1 2019 Q4 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.189B $7.310B $4.315B
YoY Change 66.6% 16.33% -37.13%
Cash & Equivalents $6.363B $6.312B $2.334B
Short-Term Investments $826.0M $998.0M $1.981B
Other Short-Term Assets $1.404B $364.0M $1.271B
YoY Change 10.46% -39.33% 14.3%
Inventory
Prepaid Expenses $479.0M
Receivables $667.0M $1.680B $1.491B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $9.260B $9.833B $7.077B
YoY Change 30.85% 16.96% -25.54%
LONG-TERM ASSETS
Property, Plant & Equipment $720.0M $738.0M $695.0M
YoY Change 3.6% 12.5% 21.28%
Goodwill $2.391B $2.913B $2.907B
YoY Change -17.75% 0.1% 5.53%
Intangibles $1.897B $1.954B $2.078B
YoY Change -8.71% -8.05% -2.9%
Long-Term Investments $2.056B $4.477B $8.445B
YoY Change -75.65% -46.75% -10.47%
Other Assets $942.0M $867.0M $529.0M
YoY Change 78.07% 379.01% -13.77%
Total Long-Term Assets $8.602B $11.57B $15.29B
YoY Change -43.74% -18.98% -1.45%
TOTAL ASSETS
Total Short-Term Assets $9.260B $9.833B $7.077B
Total Long-Term Assets $8.602B $11.57B $15.29B
Total Assets $17.86B $21.40B $22.37B
YoY Change -20.14% -5.66% -10.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $926.0M $1.239B $934.0M
YoY Change -0.86% 9.26% 11.19%
Accrued Expenses $1.255B $1.578B $1.877B
YoY Change -33.14% 12.79% 58.66%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $995.0M $988.0M $968.0M
YoY Change 2.79% 2.76%
Total Short-Term Liabilities $4.136B $5.366B $5.576B
YoY Change -25.82% 50.94% 25.38%
LONG-TERM LIABILITIES
Long-Term Debt $7.553B $7.640B $7.619B
YoY Change -0.87% -11.67% -4.65%
Other Long-Term Liabilities $93.00M $104.0M $89.00M
YoY Change 4.49% -35.8% -44.84%
Total Long-Term Liabilities $7.646B $7.744B $7.708B
YoY Change -0.8% -12.11% -5.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.136B $5.366B $5.576B
Total Long-Term Liabilities $7.646B $7.744B $7.708B
Total Liabilities $14.03B $15.47B $15.45B
YoY Change -9.22% 11.27% 7.81%
SHAREHOLDERS EQUITY
Retained Earnings $22.53B $23.23B $19.13B
YoY Change 17.76% 26.49% 35.42%
Common Stock $0.00 $0.00 $0.00
YoY Change -100.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $24.12B $22.86B $17.57B
YoY Change 37.27% 55.42% 86.28%
Treasury Stock Shares 22.44M shares 21.76M shares 18.94M shares
Shareholders Equity $3.831B $5.933B $6.915B
YoY Change
Total Liabilities & Shareholders Equity $17.86B $21.40B $22.37B
YoY Change -20.14% -5.66% -10.6%

Cashflow Statement

Concept 2020 Q1 2019 Q4 2019 Q1
OPERATING ACTIVITIES
Net Income -$699.0M $1.171B $765.0M
YoY Change -191.37% 81.33% 25.99%
Depreciation, Depletion And Amortization $117.0M $117.0M $116.0M
YoY Change 0.86% 7.73% 12.51%
Cash From Operating Activities -$380.0M $1.077B $150.0M
YoY Change -353.33% -0.63% -76.56%
INVESTING ACTIVITIES
Capital Expenditures $80.00M -$87.00M $111.0M
YoY Change -27.93% 1.16% -15.27%
Acquisitions
YoY Change
Other Investing Activities $1.813B $183.0M $2.220B
YoY Change -18.33% -63.05% 25.6%
Cash From Investing Activities $1.733B $96.00M $2.109B
YoY Change -17.83% -76.54% 28.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.281B $2.773B
YoY Change -53.8% 286.21%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$1.281B -1.344B -$2.548B
YoY Change -49.73% -26.9% 15.56%
NET CHANGE
Cash From Operating Activities -$380.0M 1.077B $150.0M
Cash From Investing Activities $1.733B 96.00M $2.109B
Cash From Financing Activities -$1.281B -1.344B -$2.548B
Net Change In Cash $51.00M -171.0M -$291.0M
YoY Change -117.53% -50.54% -454.88%
FREE CASH FLOW
Cash From Operating Activities -$380.0M $1.077B $150.0M
Capital Expenditures $80.00M -$87.00M $111.0M
Free Cash Flow -$460.0M $1.164B $39.00M
YoY Change -1279.49% -0.5% -92.34%

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CY2019Q1 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
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AccountsReceivableCreditLossExpenseReversalAndChargebacks
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AccountsReceivableCreditLossExpenseReversalAndChargebacks
40000000 USD
CY2020Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-97000000 USD
CY2019Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
89000000 USD
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EquitySecuritiesFvNiUnrealizedGainLoss
-307000000 USD
CY2019Q1 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
451000000 USD
CY2020Q1 bkng Share Based Compensation And Other Stock Based Expense
ShareBasedCompensationAndOtherStockBasedExpense
11000000 USD
CY2019Q1 bkng Share Based Compensation And Other Stock Based Expense
ShareBasedCompensationAndOtherStockBasedExpense
78000000 USD
CY2020Q1 bkng Noncashleaseexpense
Noncashleaseexpense
46000000 USD
CY2019Q1 bkng Noncashleaseexpense
Noncashleaseexpense
42000000 USD
CY2020Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
14000000 USD
CY2019Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
14000000 USD
CY2020Q1 bkng Foreign Currency Transaction Gain Lossbeforetaxassociatedwiththeremeasurementofnonfunctionalcurrencydebt
ForeignCurrencyTransactionGainLossbeforetaxassociatedwiththeremeasurementofnonfunctionalcurrencydebt
33000000 USD
CY2019Q1 bkng Foreign Currency Transaction Gain Lossbeforetaxassociatedwiththeremeasurementofnonfunctionalcurrencydebt
ForeignCurrencyTransactionGainLossbeforetaxassociatedwiththeremeasurementofnonfunctionalcurrencydebt
0 USD
CY2020Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
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CY2019Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
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CY2019Q1 us-gaap Equity Securities Without Readily Determinable Fair Value Impairment Loss Annual Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueImpairmentLossAnnualAmount
0 USD
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150000000 USD
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IncreaseDecreaseInAccountsReceivable
24000000 USD
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IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
445000000 USD
CY2019Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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IncreaseDecreaseInOperatingLiabilities
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CY2019Q1 us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
561000000 USD
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PaymentsToAcquireMarketableSecurities
72000000 USD
CY2019Q1 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
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ProceedsFromSaleAndMaturityOfMarketableSecurities
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ProceedsFromSaleAndMaturityOfMarketableSecurities
2665000000 USD
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PaymentsToAcquirePropertyPlantAndEquipment
80000000 USD
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PaymentsToAcquirePropertyPlantAndEquipment
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NetCashProvidedByUsedInInvestingActivities
1733000000 USD
CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
2109000000 USD
CY2020Q1 us-gaap Proceeds From Short Term Debt
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0 USD
CY2019Q1 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
250000000 USD
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0 USD
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25000000 USD
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PaymentsForRepurchaseOfCommonStock
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PaymentsForRepurchaseOfCommonStock
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CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2020Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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-21000000 USD
CY2019Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-2000000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
51000000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6332000000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6383000000 USD
CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2354000000 USD
CY2020Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
762000000 USD
CY2019Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
816000000 USD
CY2020Q1 us-gaap Interest Paid Net
InterestPaidNet
68000000 USD
CY2019Q1 us-gaap Interest Paid Net
InterestPaidNet
68000000 USD
CY2019Q1 us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-13000000 USD
CY2020Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="line-height:120%;padding-bottom:8px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Change in Presentation and Reclassification</span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In the year ended December 31, 2019 and prior periods, the Company's marketing expenses were presented in the Consolidated Statements of Operations as "Performance marketing" and "Brand marketing" expenses. In the first quarter of 2020, the Company changed the presentation of marketing expenses by combining "Performance marketing" and "Brand marketing" into "Marketing expenses" in the Unaudited Consolidated Statement of Operations because of the increased convergence of performance marketing and brand marketing channels in areas including digital marketing and the Company's view of overall marketing expenditure as its investment in customer acquisition and retention.  The change in presentation had no impact on operating income or net income. The Unaudited Statement of Operations for the three months ended March 31, 2019 has been recast to conform to the current year presentation.</span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In addition to the change in presentation for marketing expenses, certain amounts from prior periods have been reclassified to conform to the current period presentation.</span></div>
CY2020Q1 us-gaap Revenues
Revenues
2288000000 USD
CY2019Q1 us-gaap Revenues
Revenues
2837000000 USD
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ContractWithCustomerLiabilityCancellationRefunds
46000000 USD
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ProceedsFromCustomers
120000000 USD
CY2020Q1 bkng Contract With Customer Reduction To Revenue Cancellation Refunds
ContractWithCustomerReductionToRevenueCancellationRefunds
63000000 USD
CY2020Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6000000 USD
CY2019Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
74000000 USD
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SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P10Y
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
41093000 shares
CY2019Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45007000 shares
CY2020Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
0 shares
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IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
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CY2020Q1 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
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0 shares
CY2019Q1 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
200000 shares
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41093000 shares
CY2019Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
45436000 shares
CY2020Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
259000 shares
CY2020Q1 bkng Weightedmaturityofinvestments
Weightedmaturityofinvestments
P0Y9M18D
CY2020Q1 us-gaap Gain Loss On Foreign Currency Derivative Instruments Not Designated As Hedging Instruments
GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments
-23000000 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
49000000 USD
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
51000000 USD
CY2020Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
199000000 USD
CY2019Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
17000000 USD
CY2020Q1 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
1000000 USD
CY2019Q1 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
18000000 USD
CY2020Q1 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
-2000000 USD
CY2019Q1 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
-1000000 USD
CY2020Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
245000000 USD
CY2019Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
49000000 USD
CY2020Q1 bkng Prepaid Expense Allowance For Credit Loss
PrepaidExpenseAllowanceForCreditLoss
54000000 USD
CY2019Q4 bkng Prepaid Expense Allowance For Credit Loss
PrepaidExpenseAllowanceForCreditLoss
6000000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
2913000000 USD
CY2020Q1 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-33000000 USD
CY2020Q1 us-gaap Goodwill
Goodwill
2391000000 USD
CY2020Q1 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
1400000000 USD
CY2019Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
941000000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
3095000000 USD
CY2020Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1198000000 USD
CY2020Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1897000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
3123000000 USD
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
1169000000 USD
CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
1954000000 USD
CY2020Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
43000000 USD
CY2019Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
45000000 USD
CY2020Q1 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
5000000 USD
CY2020Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
7615000000 USD
CY2020Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
62000000 USD
CY2020Q1 us-gaap Long Term Debt
LongTermDebt
7553000000 USD
CY2019Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
7711000000 USD
CY2019Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
71000000 USD
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
7640000000 USD
CY2020Q1 bkng Convertible Debt Equity
ConvertibleDebtEquity
4000000 USD
CY2020Q1 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
77000 shares
CY2020Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
129000000 USD
CY2019Q1 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
71000 shares
CY2019Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
121000000 USD
CY2020Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
678000 shares
CY2020Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1251000000 USD
CY2019Q1 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1619000 shares
CY2019Q1 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
2856000000 USD
CY2019Q4 bkng Treasury Stock Repurchasedbutunsettledbyperiodendamount
TreasuryStockRepurchasedbutunsettledbyperiodendamount
40000000 USD
CY2020Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
119000000 USD
CY2019Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
111000000 USD
CY2020Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
22439549 shares
CY2020Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
20000000 USD
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
20000000 USD
CY2020Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.031
CY2019Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.210
CY2020Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2020Q1 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-154000000 USD
CY2020Q1 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-3000000 USD
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-151000000 USD
CY2019Q1 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
148000000 USD
CY2019Q1 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
1000000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
147000000 USD
CY2020Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
6363000000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
6312000000 USD
CY2020Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6383000000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6332000000 USD
CY2020Q1 us-gaap Prepaid Taxes
PrepaidTaxes
717000000 USD

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