Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Booking Holdings Inc., consolidated cash flow statement

US$ in millions

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	4,289)	3,058)	1,165)	59)	4,865)
Depreciation and amortization	504)	451)	421)	458)	469)
Provision for expected credit losses and chargebacks	330)	232)	109)	319)	138)
Deferred income tax expense (benefit)	(478)	(257)	(445)	213)	122)
Net (gains) losses on equity securities	131)	963)	569)	(1,713)	(745)
Stock-based compensation expense and other stock-based payments	530)	404)	376)	255)	325)
Operating lease amortization	161)	156)	178)	184)	172)
Unrealized foreign currency transaction (gains) losses related to Euro-denominated debt	163)	(46)	(135)	200)	(7)
Impairment of goodwill	—)	—)	—)	1,062)	—)
Loss on early extinguishment of debt	—)	—)	242)	—)	—)
Gain on sale and leaseback transaction	—)	(240)	—)	—)	—)
Other	5)	38)	71)	68)	67)
Accounts receivable	(1,330)	(1,228)	(1,002)	891)	(323)
Prepaid expenses and other current assets	155)	(217)	6)	161)	(263)
Deferred merchant bookings and other current liabilities	2,742)	3,718)	1,539)	(2,266)	480)
Long-term assets and liabilities	142)	(478)	(274)	194)	(435)
Changes in assets and liabilities, net of effects of acquisitions	1,709)	1,795)	269)	(1,020)	(541)
Adjustments to reconcile net income to net cash provided by operating activities	3,055)	3,496)	1,655)	26)	—)
Net cash provided by operating activities	7,344)	6,554)	2,820)	85)	4,865)
Purchase of investments	(12)	(768)	(17)	(74)	(672)
Proceeds from sale and maturity of investments	1,840)	32)	508)	2,997)	8,099)
Additions to property and equipment	(345)	(368)	(304)	(286)	(368)
Acquisitions, net of cash acquired	—)	—)	(1,185)	—)	(9)
Proceeds from sale and leaseback transaction	—)	601)	—)	—)	—)
Other investing activities	3)	(15)	—)	—)	—)
Net cash (used in) provided by investing activities	1,486)	(518)	(998)	2,637)	7,050)
Proceeds from revolving credit facility and short-term borrowings	—)	—)	—)	—)	400)
Repayments of revolving credit facility and short-term borrowings	—)	—)	—)	—)	(425)
Proceeds from the issuance of long-term debt	1,893)	3,621)	2,015)	4,108)	—)
Payments on maturity and redemption of debt	(500)	(1,880)	(3,068)	(1,244)	—)
Payments for repurchase of common stock	(10,377)	(6,621)	(163)	(1,303)	(8,187)
Proceeds from exercise of stock options	134)	7)	5)	—)	—)
Other financing activities	(59)	(24)	(28)	(33)	(8)
Net cash provided by (used in) financing activities	(8,909)	(4,897)	(1,239)	1,528)	(8,220)
Effect of exchange rate changes on cash and cash equivalents and restricted cash and cash equivalents	(37)	(40)	(13)	—)	(8)
Net increase (decrease) in cash and cash equivalents and restricted cash and cash equivalents	(116)	1,099)	570)	4,250)	3,687)
Cash and cash equivalents and restricted cash and cash equivalents, beginning of period	12,251)	11,152)	10,582)	6,332)	2,645)
Cash and cash equivalents and restricted cash and cash equivalents, end of period	12,135)	12,251)	11,152)	10,582)	6,332)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

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Cash flow statement item	Description	The company
Net cash provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	Booking Holdings Inc. net cash provided by operating activities increased from 2021 to 2022 and from 2022 to 2023.
Net cash (used in) provided by investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	Booking Holdings Inc. net cash (used in) provided by investing activities increased from 2021 to 2022 and from 2022 to 2023.
Net cash provided by (used in) financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	Booking Holdings Inc. net cash provided by (used in) financing activities decreased from 2021 to 2022 and from 2022 to 2023.

Booking Holdings Inc. (NASDAQ:BKNG)

Cash Flow Statement