Stock Analysis on Net

Booking Holdings Inc. (NASDAQ:BKNG)

Cash Flow Statement
Quarterly Data

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 (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Net income (loss) 2,517 1,521 776 222 2,511 1,290 266 1,235 1,666 857 (700) 618 769 (167) (55) (165) 801 122 (699) 1,171 1,950 979 765
Depreciation and amortization 155 142 137 134 129 121 120 124 109 107 111 98 102 108 113 114 115 112 117 117 117 119 116
Provision for expected credit losses and chargebacks 108 95 89 106 89 81 54 53 66 58 55 21 51 37 12 (15) 60 262 30 34 34 40
Deferred income tax expense (benefit) (73) 33 (35) (69) (20) (49) (340) (11) (81) 51 (216) (102) (223) (70) (50) 112 90 108 (97) 83 (21) (29) 89
Net (gains) losses on equity securities (32) (11) 16 (20) (16) 34 133 (179) 336 (181) 987 (20) 1,016 (395) (32) (552) (733) (835) 407 (326) 49 (17) (451)
Stock-based compensation expense 148 140 144 161 128 128 113 102 101 108 93 86 86 91 113 76 85 83 11 80 83 84 78
Operating lease amortization 35 39 40 41 40 39 41 39 36 42 39 43 44 46 45 47 46 45 46 45 42 43 42
Unrealized foreign currency transaction (gains) losses related to Euro-denominated debt 343 (68) (167) 165 (36) 8 26 24 (2) (38) (30) (27) (54) 37 (91) 61 117 55 (33) 47 (73) 19
Impairment of goodwill 573 489
Loss on early extinguishment of debt 242
Gain on sale and leaseback transaction (240)
Other (8) 8 2 3 (2) 10 30 10 14 35 12 17 15 20 16 15 15 16 21
Accounts receivable 179 (645) (185) 176 (834) (830) 158 130 (242) (790) (326) 170 (352) (748) (72) 337 (251) 45 760 119 81 (499) (24)
Prepaid expenses and other current assets 45 65 (98) 59 186 (208) 118 207 (243) (125) (56) 41 138 85 (258) (69) (18) 693 (445) (16) 337 85 (669)
Deferred merchant bookings and other current liabilities (1,029) 1,214 2,123 98 (485) 1,091 2,038 127 (1,270) 2,993 1,868 (544) 110 1,859 114 (673) (26) (432) (1,135) (314) (719) 952 561
Other (15) (8) (136) 271 (323) 32 162 564 (474) (408) (160) (115) (105) (8) (46) 106 121 46 (79) 26 (44) 1 (418)
Changes in assets and liabilities (820) 626 1,704 604 (1,456) 85 2,476 1,028 (2,229) 1,670 1,326 (448) (209) 1,188 (262) (299) (174) 352 (899) (185) (345) 539 (550)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities (144) 1,004 1,928 1,124 (1,139) 447 2,623 938 (1,664) 1,827 2,395 (339) 827 1,319 (152) (412) 119 319 (94) (99) 808 (615)
Net cash provided by (used in) operating activities 2,373 2,525 2,704 1,346 1,372 1,737 2,889 2,173 2 2,684 1,695 279 1,596 1,152 (207) (577) 920 122 (380) 1,077 1,851 1,787 150
Purchase of investments (12) (17) (739) (12) (2) (15) (2) (72) 24 (116) (135) (445)
Proceeds from sale and maturity of investments 75 297 218 55 48 54 1,683 2 30 500 8 1,112 1,885 159 963 4,312 2,665
Additions to property and equipment (77) (146) (130) (94) (71) (92) (88) (75) (98) (86) (109) (101) (79) (59) (65) (64) (72) (70) (80) (87) (82) (88) (111)
Acquisitions and other investments, net of cash acquired (1,185) (9)
Proceeds from sale and leaseback transaction 601
Other investing activities (14) (19) 1 11 (9) (1) 22 (36) 5 (5)
Net cash (used in) provided by investing activities (2) 137 69 (39) (22) (39) 1,586 510 (785) (122) (121) (783) (79) (71) (65) (66) (72) 1,042 1,733 96 765 4,080 2,109
Proceeds from revolving credit facility and short-term borrowings (56) 56 (37) 187 250
Repayments of revolving credit facility and short-term borrowings (400) (25)
Proceeds from the issuance of long-term debt 2,959 1,893 3,621 2,015 4,108
Payment on maturity of debt (1,114) (500) (778) (1,102) (1,086) (1,982) (1,244)
Payments for repurchase of common stock (1,764) (1,662) (1,856) (2,488) (2,640) (3,099) (2,150) (2,343) (1,990) (1,239) (1,049) (4) (9) (13) (137) (4) (5) (13) (1,281) (1,347) (1,349) (2,718) (2,773)
Dividends paid (291) (295) (299)
Proceeds from exercise of stock options 2 3 6 12 13 4 105 2 2 3
Other financing activities 2 (12) (26) (14) (5) (23) (17) (21) (11) (1) 9 (1) (1) (12) (9) (33) 3 (3) (8)
Net cash provided by (used in) financing activities (3,165) (1,966) 784 (2,490) (2,632) (1,225) (2,562) 479 (1,999) (1,238) (2,139) (5) (1,096) (2,007) 1,869 (4) (61) 2,874 (1,281) (1,344) (1,389) (2,939) (2,548)
Effect of exchange rate changes on cash and cash equivalents and restricted cash and cash equivalents 273 (31) (28) (8) (22) (15) 8 43 (39) (35) (9) (2) (10) 6 (7) 12 7 2 (21) 18 (18) (6) (2)
Net increase (decrease) in cash and cash equivalents and restricted cash and cash equivalents (521) 665 3,529 (1,191) (1,304) 458 1,921 3,205 (2,821) 1,289 (574) (511) 411 (920) 1,590 (635) 794 4,040 51 (153) 1,209 2,922 (291)

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

Cash flow statement item Description The company
Net cash provided by (used in) 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 (used in) operating activities decreased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
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 Q1 2024 to Q2 2024 but then decreased significantly from Q2 2024 to Q3 2024.
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 Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.