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Booking Holdings Inc. (BKNG)

Income Statement Business | Geographic

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues  17,090.010,958.06,796.015,066.014,527.012,681.010,743.09,224.0
            Revenue growth  56.0%61.2%-54.9%3.7%14.6%18.0%16.5%9.3%
Cost of goods sold  0.00.00.00.00.0242.0415.0632.2
Gross profit  17,090.010,958.06,796.015,066.014,527.012,439.010,328.08,591.8
            Gross margin  100.0%100.0%100.0%100.0%100.0%98.1%96.1%93.1%
Selling, general and administrative   [+]9,392.06,735.04,704.08,012.07,697.02,236.01,802.01,934.9
Research and development  526.0412.0299.0285.0233.0189.0142.0113.6
Equity in earnings          
Other operating expenses  1,619.0894.0904.0955.0830.05,113.04,228.03,011.9
EBITDA   [+]5,553.02,917.0889.05,814.05,767.04,901.04,156.03,531.4
            EBITDA margin  32.5%26.6%13.1%38.6%39.7%38.6%38.7%38.3%
Depreciation  227.0259.0291.0294.0248.0187.0140.0101.5
EBITA  5,326.02,658.0598.05,520.05,519.04,714.04,016.03,429.9
            EBITA margin  31.2%24.3%8.8%36.6%38.0%37.2%37.4%37.2%
Amortization of intangibles  224.0162.0167.0175.0178.0176.0169.0171.0
EBIT   [+]5,102.02,496.0431.05,345.05,341.04,538.03,847.03,258.9
            EBIT margin  29.9%22.8%6.3%35.5%36.8%35.8%35.8%35.3%
Non-recurring items   [+]  1,062.0   941.0 
Interest expense, net   [+]391.0334.0356.0266.0269.097.0113.0104.5
Other income (expense), net   [+]-788.0-697.01,554.0879.0-237.0-42.0-80.0-26.1
Pre-tax income  3,923.01,465.0567.05,958.04,835.04,399.02,713.03,128.3
Income taxes  865.0300.0508.01,093.0837.02,058.0578.0577.0
            Tax rate  22.0%20.5%89.6%18.3%17.3%46.8%21.3%18.4%
Net income  3,058.01,165.059.04,865.03,998.02,341.02,135.02,551.4
            Net margin  17.9%10.6%0.9%32.3%27.5%18.5%19.9%27.7%
   
Basic EPS   [+]$76.70$28.39$1.44$112.92$84.26$47.78$43.14$50.09
Diluted EPS   [+]$76.35$28.17$1.43$111.82$83.26$46.86$42.65$49.45
   
Shares outstanding (basic)   [+]39.941.041.043.147.449.049.550.9
Shares outstanding (diluted)   [+]40.141.441.243.548.050.050.151.6
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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