Stock Analysis on Net
Stock Analysis on Net

Expedia Group Inc. (NASDAQ:EXPE)

This company has been moved to the archive! The financial data has not been updated since May 3, 2022.

Adjusted Financial Ratios

Microsoft Excel

Adjusted Financial Ratios (Summary)

Expedia Group Inc., adjusted financial ratios

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Activity Ratio
Total Asset Turnover
Reported 0.40 0.28 0.56 0.62 0.54
Adjusted 0.54 0.14 0.63 0.66 0.56
Liquidity Ratio
Current Ratio
Reported 0.87 1.04 0.72 0.64 0.70
Adjusted 2.29 2.70 1.65 1.55 1.29
Solvency Ratios
Debt to Equity
Reported 4.11 3.24 1.24 0.91 0.94
Adjusted 1.01 1.28 0.49 0.43 0.49
Debt to Capital
Reported 0.80 0.76 0.55 0.48 0.48
Adjusted 0.50 0.56 0.33 0.30 0.33
Financial Leverage
Reported 10.48 7.38 5.40 4.39 4.09
Adjusted 2.37 2.62 1.85 1.80 1.91
Profitability Ratios
Net Profit Margin
Reported 0.14% -50.24% 4.68% 3.62% 3.76%
Adjusted 20.65% -229.86% 13.46% 9.10% 10.68%
Return on Equity (ROE)
Reported 0.58% -103.16% 14.24% 9.89% 8.36%
Adjusted 26.25% -82.19% 15.63% 10.82% 11.38%
Return on Assets (ROA)
Reported 0.06% -13.98% 2.64% 2.25% 2.04%
Adjusted 11.07% -31.41% 8.45% 6.00% 5.95%

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).

Financial ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. Expedia Group Inc. adjusted total asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level.
Adjusted current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. Expedia Group Inc. adjusted current ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021.
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. Expedia Group Inc. adjusted debt-to-equity ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. Expedia Group Inc. adjusted debt-to-capital ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.		 Expedia Group Inc. adjusted financial leverage ratio increased from 2019 to 2020 but then slightly decreased from 2020 to 2021.
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. Expedia Group Inc. adjusted net profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. Expedia Group Inc. adjusted ROE deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. Expedia Group Inc. adjusted ROA deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Expedia Group Inc., Financial Ratios: Reported vs. Adjusted

Adjusted Total Asset Turnover

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Reported
Selected Financial Data (US$ in millions)
Revenue 8,598 5,199 12,067 11,223 10,060
Total assets 21,548 18,690 21,416 18,033 18,516
Activity Ratio
Total asset turnover1 0.40 0.28 0.56 0.62 0.54
Adjusted
Selected Financial Data (US$ in millions)
Adjusted revenue2 11,173 2,478 13,376 12,369 10,705
Adjusted total assets3 20,847 18,132 21,312 18,757 19,220
Activity Ratio
Adjusted total asset turnover4 0.54 0.14 0.63 0.66 0.56

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).

1 2021 Calculation
Total asset turnover = Revenue ÷ Total assets
= 8,598 ÷ 21,548 = 0.40

2 Adjusted revenue. See details »

3 Adjusted total assets. See details »

4 2021 Calculation
Adjusted total asset turnover = Adjusted revenue ÷ Adjusted total assets
= 11,173 ÷ 20,847 = 0.54

Activity ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. Expedia Group Inc. adjusted total asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 not reaching 2019 level.

Adjusted Current Ratio

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Reported
Selected Financial Data (US$ in millions)
Current assets 8,181 5,634 7,735 5,197 5,540
Current liabilities 9,450 5,406 10,714 8,060 7,879
Liquidity Ratio
Current ratio1 0.87 1.04 0.72 0.64 0.70
Adjusted
Selected Financial Data (US$ in millions)
Adjusted current assets2 8,246 5,735 7,776 5,231 5,570
Adjusted current liabilities3 3,596 2,127 4,714 3,369 4,334
Liquidity Ratio
Adjusted current ratio4 2.29 2.70 1.65 1.55 1.29

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).

1 2021 Calculation
Current ratio = Current assets ÷ Current liabilities
= 8,181 ÷ 9,450 = 0.87

2 Adjusted current assets. See details »

3 Adjusted current liabilities. See details »

4 2021 Calculation
Adjusted current ratio = Adjusted current assets ÷ Adjusted current liabilities
= 8,246 ÷ 3,596 = 2.29

Liquidity ratio Description The company
Adjusted current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. Expedia Group Inc. adjusted current ratio improved from 2019 to 2020 but then slightly deteriorated from 2020 to 2021.

Adjusted Debt to Equity

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Reported
Selected Financial Data (US$ in millions)
Total debt 8,450 8,216 4,938 3,717 4,249
Total Expedia Group, Inc. stockholders’ equity 2,057 2,532 3,967 4,104 4,522
Solvency Ratio
Debt to equity1 4.11 3.24 1.24 0.91 0.94
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt2 8,887 8,855 5,589 4,476 4,941
Adjusted total stockholders’ equity3 8,789 6,930 11,520 10,406 10,047
Solvency Ratio
Adjusted debt to equity4 1.01 1.28 0.49 0.43 0.49

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).

1 2021 Calculation
Debt to equity = Total debt ÷ Total Expedia Group, Inc. stockholders’ equity
= 8,450 ÷ 2,057 = 4.11

2 Adjusted total debt. See details »

3 Adjusted total stockholders’ equity. See details »

4 2021 Calculation
Adjusted debt to equity = Adjusted total debt ÷ Adjusted total stockholders’ equity
= 8,887 ÷ 8,789 = 1.01

Solvency ratio Description The company
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. Expedia Group Inc. adjusted debt-to-equity ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.

Adjusted Debt to Capital

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Reported
Selected Financial Data (US$ in millions)
Total debt 8,450 8,216 4,938 3,717 4,249
Total capital 10,507 10,748 8,905 7,821 8,771
Solvency Ratio
Debt to capital1 0.80 0.76 0.55 0.48 0.48
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt2 8,887 8,855 5,589 4,476 4,941
Adjusted total capital3 17,676 15,785 17,109 14,882 14,987
Solvency Ratio
Adjusted debt to capital4 0.50 0.56 0.33 0.30 0.33

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).

1 2021 Calculation
Debt to capital = Total debt ÷ Total capital
= 8,450 ÷ 10,507 = 0.80

2 Adjusted total debt. See details »

3 Adjusted total capital. See details »

4 2021 Calculation
Adjusted debt to capital = Adjusted total debt ÷ Adjusted total capital
= 8,887 ÷ 17,676 = 0.50

Solvency ratio Description The company
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. Expedia Group Inc. adjusted debt-to-capital ratio deteriorated from 2019 to 2020 but then slightly improved from 2020 to 2021.

Adjusted Financial Leverage

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Reported
Selected Financial Data (US$ in millions)
Total assets 21,548 18,690 21,416 18,033 18,516
Total Expedia Group, Inc. stockholders’ equity 2,057 2,532 3,967 4,104 4,522
Solvency Ratio
Financial leverage1 10.48 7.38 5.40 4.39 4.09
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total assets2 20,847 18,132 21,312 18,757 19,220
Adjusted total stockholders’ equity3 8,789 6,930 11,520 10,406 10,047
Solvency Ratio
Adjusted financial leverage4 2.37 2.62 1.85 1.80 1.91

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).

1 2021 Calculation
Financial leverage = Total assets ÷ Total Expedia Group, Inc. stockholders’ equity
= 21,548 ÷ 2,057 = 10.48

2 Adjusted total assets. See details »

3 Adjusted total stockholders’ equity. See details »

4 2021 Calculation
Adjusted financial leverage = Adjusted total assets ÷ Adjusted total stockholders’ equity
= 20,847 ÷ 8,789 = 2.37

Solvency ratio Description The company
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.		 Expedia Group Inc. adjusted financial leverage ratio increased from 2019 to 2020 but then slightly decreased from 2020 to 2021.

Adjusted Net Profit Margin

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Reported
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Expedia Group, Inc. 12 (2,612) 565 406 378
Revenue 8,598 5,199 12,067 11,223 10,060
Profitability Ratio
Net profit margin1 0.14% -50.24% 4.68% 3.62% 3.76%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income (loss)2 2,307 (5,696) 1,801 1,126 1,143
Adjusted revenue3 11,173 2,478 13,376 12,369 10,705
Profitability Ratio
Adjusted net profit margin4 20.65% -229.86% 13.46% 9.10% 10.68%

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).

1 2021 Calculation
Net profit margin = 100 × Net income (loss) attributable to Expedia Group, Inc. ÷ Revenue
= 100 × 12 ÷ 8,598 = 0.14%

2 Adjusted net income (loss). See details »

3 Adjusted revenue. See details »

4 2021 Calculation
Adjusted net profit margin = 100 × Adjusted net income (loss) ÷ Adjusted revenue
= 100 × 2,307 ÷ 11,173 = 20.65%

Profitability ratio Description The company
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. Expedia Group Inc. adjusted net profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Adjusted Return on Equity (ROE)

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Reported
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Expedia Group, Inc. 12 (2,612) 565 406 378
Total Expedia Group, Inc. stockholders’ equity 2,057 2,532 3,967 4,104 4,522
Profitability Ratio
ROE1 0.58% -103.16% 14.24% 9.89% 8.36%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income (loss)2 2,307 (5,696) 1,801 1,126 1,143
Adjusted total stockholders’ equity3 8,789 6,930 11,520 10,406 10,047
Profitability Ratio
Adjusted ROE4 26.25% -82.19% 15.63% 10.82% 11.38%

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).

1 2021 Calculation
ROE = 100 × Net income (loss) attributable to Expedia Group, Inc. ÷ Total Expedia Group, Inc. stockholders’ equity
= 100 × 12 ÷ 2,057 = 0.58%

2 Adjusted net income (loss). See details »

3 Adjusted total stockholders’ equity. See details »

4 2021 Calculation
Adjusted ROE = 100 × Adjusted net income (loss) ÷ Adjusted total stockholders’ equity
= 100 × 2,307 ÷ 8,789 = 26.25%

Profitability ratio Description The company
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. Expedia Group Inc. adjusted ROE deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.

Adjusted Return on Assets (ROA)

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Reported
Selected Financial Data (US$ in millions)
Net income (loss) attributable to Expedia Group, Inc. 12 (2,612) 565 406 378
Total assets 21,548 18,690 21,416 18,033 18,516
Profitability Ratio
ROA1 0.06% -13.98% 2.64% 2.25% 2.04%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income (loss)2 2,307 (5,696) 1,801 1,126 1,143
Adjusted total assets3 20,847 18,132 21,312 18,757 19,220
Profitability Ratio
Adjusted ROA4 11.07% -31.41% 8.45% 6.00% 5.95%

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).

1 2021 Calculation
ROA = 100 × Net income (loss) attributable to Expedia Group, Inc. ÷ Total assets
= 100 × 12 ÷ 21,548 = 0.06%

2 Adjusted net income (loss). See details »

3 Adjusted total assets. See details »

4 2021 Calculation
Adjusted ROA = 100 × Adjusted net income (loss) ÷ Adjusted total assets
= 100 × 2,307 ÷ 20,847 = 11.07%

Profitability ratio Description The company
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. Expedia Group Inc. adjusted ROA deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level.