Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Expedia Group Inc., consolidated income statement

US$ in millions

12 months ended:	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Revenue	8,598)	5,199)	12,067)	11,223)	10,060)
Cost of revenue, exclusive of depreciation and amortization	(1,522)	(1,680)	(2,077)	(1,864)	(1,757)
Gross profit	7,076)	3,519)	9,990)	9,359)	8,303)
Selling and marketing	(4,221)	(2,546)	(6,078)	(5,721)	(5,298)
Technology and content	(1,074)	(1,010)	(1,226)	(1,122)	(1,387)
General and administrative	(705)	(597)	(815)	(774)	(676)
Depreciation and amortization	(814)	(893)	(910)	(959)	(275)
Impairment of goodwill	(14)	(799)	—)	(86)	—)
Intangible and other long-term asset impairment	(6)	(175)	—)	(42)	—)
Legal reserves, occupancy tax and other	(1)	13)	(34)	59)	(25)
Restructuring and related reorganization charges	(55)	(231)	(24)	—)	(17)
Operating income (loss)	186)	(2,719)	903)	714)	625)
Interest income	9)	18)	59)	71)	34)
Interest expense	(351)	(360)	(173)	(190)	(182)
Loss on debt extinguishment	(280)	—)	—)	—)	—)
Gain (loss) on sale of business, net	456)	(13)	—)	—)	—)
Foreign exchange rate gains (losses), net	(48)	71)	(34)	3)	(46)
Gains (losses) on minority equity investments, net	(29)	(142)	8)	(111)	(14)
Other	19)	(6)	12)	(2)	(1)
Other, net	(58)	(77)	(14)	(110)	(61)
Other expense, net	(224)	(432)	(128)	(229)	(208)
Income (loss) before income taxes	(38)	(3,151)	775)	485)	417)
Provision for income taxes	53)	423)	(203)	(87)	(45)
Net income (loss)	15)	(2,728)	572)	398)	371)
Net (income) loss attributable to non-controlling interests	(3)	116)	(7)	8)	7)
Net income (loss) attributable to Expedia Group, Inc.	12)	(2,612)	565)	406)	378)
Preferred stock dividend and loss on redemption of preferred stock	(281)	(75)	—)	—)	—)
Net income (loss) attributable to Expedia Group, Inc. common stockholders	(269)	(2,687)	565)	406)	378)

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

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Income statement item	Description	The company
Revenue	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Expedia Group Inc. revenue decreased from 2019 to 2020 but then slightly increased from 2020 to 2021.
Operating income (loss)	The net result for the period of deducting operating expenses from operating revenues.	Expedia Group Inc. operating income (loss) decreased from 2019 to 2020 but then increased from 2020 to 2021 not reaching 2019 level.
Income (loss) before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Expedia Group Inc. income (loss) before income taxes decreased from 2019 to 2020 but then increased from 2020 to 2021 not reaching 2019 level.
Net income (loss) attributable to Expedia Group, Inc.	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Expedia Group Inc. net income (loss) attributable to Expedia Group, Inc. decreased from 2019 to 2020 but then increased from 2020 to 2021 not reaching 2019 level.

Expedia Group Inc. (NASDAQ:EXPE)

Income Statement