false000107553100010755312024-02-222024-02-220001075531us-gaap:CommonStockMember2024-02-222024-02-220001075531bkng:A2.375SeniorNotesDueSeptember2024MemberMember2024-02-222024-02-220001075531bkng:A0100SeniorNotesDue2025Member2024-02-222024-02-220001075531bkng:A4000SeniorNotesDue2026Member2024-02-222024-02-220001075531bkng:A1.8SeniorNotesDueMarch2027Member2024-02-222024-02-220001075531bkng:A05SeniorNotesDueMarch2028Member2024-02-222024-02-220001075531bkng:A3625SeniorNotesDue2028Member2024-02-222024-02-220001075531bkng:A4250SeniorNotesDue2029Member2024-02-222024-02-220001075531bkng:A450SeniorNotesDue2031Member2024-02-222024-02-220001075531bkng:A4125SeniorNotesDue2033Member2024-02-222024-02-220001075531bkng:A4750SeniorNotesDue2034Member2024-02-222024-02-22
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) February 22, 2024
Booking Holdings Inc.
(Exact name of registrant as specified in its charter)
| | | | | | | | | | | | | | |
Delaware | | 1-36691 | | 06-1528493 |
(State or other Jurisdiction of Incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
| | | | | | | | | | | | | | |
800 Connecticut Avenue | Norwalk | Connecticut | | 06854 |
(Address of principal executive offices) | | (zip code) |
Registrant's telephone number, including area code: (203) 299-8000
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities Registered Pursuant to Section 12(b) of the Act:
| | | | | | | | | | | | | | | | | |
Title of Each Class: | | Trading Symbol | | Name of Each Exchange on which Registered: |
Common Stock par value $0.008 per share | | BKNG | | The NASDAQ Global Select Market |
2.375% Senior Notes Due 2024 | | BKNG 24 | | The NASDAQ Stock Market LLC |
0.100% Senior Notes Due 2025 | | BKNG 25 | | The NASDAQ Stock Market LLC |
4.000% Senior Notes Due 2026 | | BKNG 26 | | The NASDAQ Stock Market LLC |
1.800% Senior Notes Due 2027 | | BKNG 27 | | The NASDAQ Stock Market LLC |
0.500% Senior Notes Due 2028 | | BKNG 28 | | The NASDAQ Stock Market LLC |
3.625% Senior Notes Due 2028 | | BKNG 28A | | The NASDAQ Stock Market LLC |
4.250% Senior Notes Due 2029 | | BKNG 29 | | The NASDAQ Stock Market LLC |
4.500% Senior Notes Due 2031 | | BKNG 31 | | The NASDAQ Stock Market LLC |
4.125% Senior Notes Due 2033 | | BKNG 33 | | The NASDAQ Stock Market LLC |
4.750% Senior Notes Due 2034 | | BKNG 34 | | The NASDAQ Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02. Results of Operations and Financial Condition.
On February 22, 2024, Booking Holdings Inc. announced its financial results for the fourth quarter ended December 31, 2023. The press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. Copies of Booking Holdings' consolidated balance sheet at December 31, 2023, consolidated statements of operations for the three and twelve months ended December 31, 2023, and consolidated statement of cash flows for the twelve months ended December 31, 2023, are included in the financial and statistical supplement attached to the press release.
The information in this Item 2.02, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
| | | | | | | | |
Exhibit Number | Description | | | |
| | | | |
| Press release (which includes a financial and statistical supplement and related information) issued by Booking Holdings Inc. on February 22, 2024 relating to, among other things, its fourth quarter and year ended 2023 earnings. | | | |
104 | Cover Page Interactive Data File - the cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document. | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
| | | | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| | | | | | | | | | | |
| BOOKING HOLDINGS INC. |
| |
| | |
| By: | /s/ David I. Goulden |
| | Name: | David I. Goulden |
| | Title: | Executive Vice President and Chief Financial Officer |
Date: February 22, 2024
Exhibit 99.1
Booking Holdings Reports Financial Results for 4th Quarter and Full Year 2023 and Announces Initiation of a Quarterly Dividend
NORWALK, CT – February 22, 2024. . . Booking Holdings Inc. (NASDAQ: BKNG) (the "Company," "we," "our," or "us") today reported its fourth quarter and full year 2023 financial results and announced the initiation of a quarterly dividend:
Fourth Quarter 2023
•Gross travel bookings, which refers to the total dollar value, generally inclusive of taxes and fees, of all travel services booked by our customers, net of cancellations, for the fourth quarter were $31.7 billion, an increase of 16% from the prior-year quarter.
•Room nights booked increased 9% from the prior-year quarter.
•Total revenues were $4.8 billion, an increase of 18% from the prior-year quarter.
•Net income was $222 million, a decrease of 82% from the prior-year quarter.
•Net income per diluted common share was $6.28, a decrease of 80% from the prior-year quarter.
•Non-GAAP net income was $1.1 billion, an increase of 18% from the prior-year quarter.
•Non-GAAP net income per diluted common share was $32.00, an increase of 29% from the prior-year quarter.
•Adjusted EBITDA was $1.5 billion, an increase of 18% from the prior-year quarter.
Full Year 2023
•Gross travel bookings for the full year 2023 were $150.6 billion, an increase of 24% from the prior year.
•Room nights booked increased 17% from the prior year.
•Total revenues were $21.4 billion, an increase of 25% from the prior year.
•Net income was $4.3 billion, an increase of 40% from the prior year.
•Net income per diluted common share was $117.40, an increase of 54% from the prior year.
•Non-GAAP net income was $5.6 billion, an increase of 39% from the prior year.
•Non-GAAP net income per diluted common share was $152.22, an increase of 52% from the prior year.
•Adjusted EBITDA was $7.1 billion, an increase of 34% from the prior year.
During the fourth quarter and full year 2023, the Company accrued a loss of $276 million related to the Netherlands pension fund matter and a loss of $530 million related to a draft decision by the Spanish competition authority, both of which have been excluded from Non-GAAP net income and Adjusted EBITDA. For more information regarding these matters, see Note 16 to the Consolidated Financial Statements to be filed with the Annual Report on Form 10-K for the year ended December 31, 2023.
The section below under the heading "Non-GAAP Financial Measures" provides definitions and information about the use of non-GAAP financial measures in this press release, and the attached financial and statistical supplement reconciles non-GAAP financial results with Booking Holdings' financial results under GAAP.
"We are pleased to report a strong close to 2023 with fourth quarter room nights growing 9% year-over-year or 11% when excluding business associated with Israel, which was significantly impacted by the war. For the full year, we reached a significant milestone with over 1 billion room nights booked on our platforms, and we achieved record levels of gross bookings, revenue, and operating income," said Glenn Fogel, Chief Executive Officer of Booking Holdings. "We are confident in the long-term growth of leisure travel and in the opportunities ahead for our company as we continue our work to deliver a better offering and experience for our supply partners and our travelers."
Initiation of a Quarterly Dividend
Our Board of Directors declared a quarterly cash dividend of $8.75 per share, payable on March 28, 2024 to stockholders of record as of the close of business on March 8, 2024. We expect to pay a cash dividend on a quarterly basis going forward, subject to our Board’s consideration of, among other things, market conditions and our financial performance and cash flows.
Non-GAAP Financial Measures
The Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") and include all normal and recurring adjustments that management of the Company considers necessary for a fair presentation of its financial position and operating results.
To supplement the Consolidated Financial Statements, the Company uses the following non-GAAP financial measures: adjusted EBITDA, non-GAAP net income (loss), non-GAAP net income (loss) per diluted common share and free cash flow (net cash provided by (used in) operating activities less capital expenditures). The presentation of non-GAAP financial information should not be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP.
The Company uses non-GAAP financial measures for financial and operational decision-making and as a basis to evaluate performance and set targets for employee compensation programs. The Company believes that these non-GAAP financial measures are useful for analysts and investors to evaluate the Company's ongoing operating performance because they facilitate comparison of the Company's results for the current period and projected next-period results to those of prior periods and to those of its competitors (though other companies may calculate similar non-GAAP financial measures differently from those calculated by the Company). These non-GAAP financial measures, in particular adjusted EBITDA, non-GAAP net income (loss) and free cash flow, are not intended to represent funds available for Booking Holdings' discretionary use and are not intended to represent or to be used as a substitute for operating income (loss), net income (loss) or net cash provided by (used in) operating activities as measured under GAAP. The items excluded from these non-GAAP measures, but included in the calculation of their closest GAAP equivalent, are significant components of the Company's consolidated statements of operations and cash flows and must be considered in performing a comprehensive assessment of overall financial performance.
Non-GAAP net income (loss) is net income (loss) with the following adjustments:
•excludes accruals related to the Netherlands pension fund matter,
•excludes accruals related to a draft decision by the Spanish competition authority,
•excludes accruals related to settlements of certain indirect tax matters,
•excludes the termination fee related to an acquisition agreement,
•excludes significant losses on assets classified as held for sale,
•excludes significant gains and losses on sale and leaseback transactions,
•excludes gains and losses on equity securities with readily determinable fair values,
• excludes the impact, if any, of significant gains and losses on the sale of and impairment and credit losses on investments in available-for-sale debt securities and significant gains and losses on the sale of and impairment and other valuation adjustments on investments in equity securities without readily determinable fair values,
•excludes foreign currency transaction gains and losses on the remeasurement of Euro-denominated debt and accrued interest that are not designated as hedging instruments for accounting purposes and debt-related foreign currency derivative instruments used as economic hedges,
•excludes amortization expense of intangible assets,
•excludes interest received on tax payments refunded pursuant to settlement with authorities,
•excludes the impact of net unrecognized tax benefits related to certain income tax matters, and
• the income tax impact of the non-GAAP adjustments mentioned above and changes in tax estimates, as applicable.
In addition to the adjustments listed above regarding non-GAAP net income (loss), adjusted EBITDA excludes depreciation expense, interest expense, and to the extent not included in the adjustments listed above, interest and dividend income, and income tax expense (benefit). In the event the Company reports a GAAP net income but a non-GAAP net loss, dilutive shares that are included in the GAAP weighted-average number of diluted common shares outstanding are excluded from the non-GAAP weighted-average number of diluted common shares outstanding. In the event the Company reports a GAAP net loss but a non-GAAP net income, anti-dilutive shares that are excluded from the GAAP weighted-average number of diluted common shares outstanding are included in the non-GAAP weighted-average number of diluted common shares outstanding.
We evaluate certain operating and financial measures on both an as-reported and constant-currency basis. We calculate constant currency by converting our current-year period results for transactions recorded in currencies other than U.S. Dollars using the corresponding prior-year period monthly average exchange rates rather than the current-year period monthly average exchange rates.
The attached financial and statistical supplement includes reconciliations of our financial results under GAAP to non-GAAP financial information for the three and twelve months ended December 31, 2023 and 2022. We are not able to provide a reconciliation between forward-looking adjusted EBITDA and GAAP net income (loss) because we cannot predict certain components of such reconciliation without unreasonable effort as they arise from events in future periods.
Information About Forward-Looking Statements
This press release contains forward-looking statements, which reflect the views of the Company's management regarding current expectations based on currently available information about future events. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, such as: adverse changes in market conditions for travel services; the effects of competition; the Company's ability to manage growth and expand; adverse changes in relationships with third parties on which the Company depends; success of the Company's marketing efforts; rapid technological and other market changes; the Company's ability to attract and retain qualified personnel; impacts of impairments and changes in accounting estimates; and other business and industry changes. Other risks and uncertainties relate to cyberattacks and information security; tax, legal, and regulatory risks; the Company's facilitation of payments; foreign currency exchange rates; financial risks relating to the Company's debt levels and stock price volatility; and the success of the Company's investments and acquisition strategy. For a detailed discussion of these and other risk factors that could cause the Company's actual results to differ materially from those described in the forward-looking statements included in this press release, refer to the Company's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission and any subsequently filed Quarterly Reports on Form 10-Q. Unless required by law, the Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.
We will be posting our prepared remarks to the Booking Holdings investor relations website after the conclusion of the earnings call.
About Booking Holdings Inc.
Booking Holdings (NASDAQ: BKNG) is the world's leading provider of online travel and related services, provided to consumers and local partners in more than 220 countries and territories through five primary consumer-facing brands: Booking.com, Priceline, Agoda, KAYAK and OpenTable. The mission of Booking Holdings is to make it easier for everyone to experience the world. For more information, visit BookingHoldings.com and follow us on X (formerly known as Twitter) @BookingHoldings.
###
For Press Information: Leslie Cafferty communications@bookingholdings.com
For Investor Relations: John Longstreet ir@bookingholdings.com
#BKNG_Earnings
Booking Holdings Inc.
CONSOLIDATED BALANCE SHEETS
(In millions, except share and per share data)
| | | | | | | | | | | | | | |
| | | | |
| | | | |
| | December 31, |
| | 2023 | | 2022 |
ASSETS | | | | |
Current assets: | | | | |
Cash and cash equivalents | | $ | 12,107 | | | $ | 12,221 | |
Short-term investments (Available-for-sale debt securities: Amortized cost of $580 and $176, respectively) | | 576 | | | 175 | |
Accounts receivable, net (Allowance for expected credit losses of $137 and $117, respectively) | | 3,253 | | | 2,229 | |
Prepaid expenses, net | | 644 | | | 477 | |
Other current assets | | 454 | | | 696 | |
Total current assets | | 17,034 | | | 15,798 | |
Property and equipment, net | | 784 | | | 669 | |
Operating lease assets | | 705 | | | 645 | |
Intangible assets, net | | 1,613 | | | 1,829 | |
Goodwill | | 2,826 | | | 2,807 | |
Long-term investments (Includes available-for-sale debt securities: Amortized cost of $576 at December 31, 2022) | | 440 | | | 2,789 | |
Other assets, net | | 940 | | | 824 | |
Total assets | | $ | 24,342 | | | $ | 25,361 | |
LIABILITIES AND STOCKHOLDERS' (DEFICIT) EQUITY | | | | |
Current liabilities: | | | | |
Accounts payable | | $ | 3,480 | | | $ | 2,507 | |
Accrued expenses and other current liabilities | | 4,635 | | | 3,244 | |
Deferred merchant bookings | | 3,254 | | | 2,223 | |
Short-term debt | | 1,961 | | | 500 | |
Total current liabilities | | 13,330 | | | 8,474 | |
Deferred income taxes | | 258 | | | 685 | |
Operating lease liabilities | | 599 | | | 552 | |
Long-term U.S. transition tax liability | | 515 | | | 711 | |
Other long-term liabilities | | 161 | | | 172 | |
Long-term debt | | 12,223 | | | 11,985 | |
Total liabilities | | 27,086 | | | 22,579 | |
Commitments and contingencies | | | | |
| | | | |
Stockholders' (deficit) equity: | | | | |
Common stock, $0.008 par value, Authorized shares: 1,000,000,000 Issued shares: 64,048,000 and 63,780,528, respectively | | — | | | — | |
Treasury stock: 29,650,351 and 25,917,558 shares, respectively | | (41,426) | | | (30,983) | |
Additional paid-in capital | | 7,175 | | | 6,491 | |
Retained earnings | | 31,830 | | | 27,541 | |
Accumulated other comprehensive loss | | (323) | | | (267) | |
Total stockholders' (deficit) equity | | (2,744) | | | 2,782 | |
Total liabilities and stockholders' (deficit) equity | | $ | 24,342 | | | $ | 25,361 | |
Booking Holdings Inc.
CONSOLIDATED STATEMENTS OF OPERATIONS
(In millions, except share and per share data)
| | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Three Months Ended December 31, | | Year Ended December 31, |
| | 2023 | | 2022 | | 2023 | | 2022 |
| | (unaudited) | | | | |
Merchant revenues | | $ | 2,469 | | | $ | 1,780 | | | $ | 10,936 | | | $ | 7,193 | |
Agency revenues | | 2,068 | | | 2,049 | | | 9,414 | | | 9,003 | |
Advertising and other revenues | | 247 | | | 220 | | | 1,015 | | | 894 | |
Total revenues | | 4,784 | | | 4,049 | | | 21,365 | | | 17,090 | |
Operating expenses: | | | | | | | | |
Marketing expenses | | 1,433 | | | 1,314 | | | 6,773 | | | 5,993 | |
Sales and other expenses(1) | | 650 | | | 511 | | | 2,744 | | | 1,986 | |
Personnel, including stock-based compensation of $161, $102, $530, and $404, respectively | | 1,032 | | | 598 | | | 3,294 | | | 2,465 | |
General and administrative(1) | | 738 | | | 270 | | | 1,555 | | | 766 | |
Information technology | | 187 | | | 126 | | | 655 | | | 526 | |
Depreciation and amortization | | 134 | | | 124 | | | 504 | | | 451 | |
Other operating expenses | | 1 | | | (239) | | | 5 | | | (199) | |
| | | | | | | | |
Total operating expenses | | 4,175 | | | 2,704 | | | 15,530 | | | 11,988 | |
Operating income | | 609 | | | 1,345 | | | 5,835 | | | 5,102 | |
| | | | | | | | |
Interest expense | | (208) | | | (145) | | | (897) | | | (391) | |
Other income (expense), net | | 10 | | | 252 | | | 543 | | | (788) | |
| | | | | | | | |
Income before income taxes | | 411 | | | 1,452 | | | 5,481 | | | 3,923 | |
Income tax expense | | 189 | | | 217 | | | 1,192 | | | 865 | |
Net income | | $ | 222 | | | $ | 1,235 | | | $ | 4,289 | | | $ | 3,058 | |
Net income applicable to common stockholders per basic common share | | $ | 6.37 | | | $ | 32.07 | | | $ | 118.67 | | | $ | 76.70 | |
Weighted-average number of basic common shares outstanding (in 000's) | | 34,730 | | | 38,524 | | | 36,140 | | | 39,872 | |
Net income applicable to common stockholders per diluted common share | | $ | 6.28 | | | $ | 31.92 | | | $ | 117.40 | | | $ | 76.35 | |
Weighted-average number of diluted common shares outstanding (in 000's) | | 35,222 | | | 38,709 | | | 36,530 | | | 40,052 | |
(1) The section "Reclassifications", attached to this press release, provides further information regarding the reclassification of certain indirect taxes, primarily digital services taxes, between "General and administrative" expenses and "Sales and other expenses."
Booking Holdings Inc.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In millions)
| | | | | | | | | | | | | | | | |
| | Year Ended December 31, | | |
| | 2023 | | 2022 | | |
OPERATING ACTIVITIES: | | | | | | |
Net income | | $ | 4,289 | | | $ | 3,058 | | | |
Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | |
Depreciation and amortization | | 504 | | | 451 | | | |
Provision for expected credit losses and chargebacks | | 330 | | | 232 | | | |
Deferred income tax benefit | | (478) | | | (257) | | | |
Net losses on equity securities | | 131 | | | 963 | | | |
Stock-based compensation expense and other stock-based payments | | 530 | | | 404 | | | |
Operating lease amortization | | 161 | | | 156 | | | |
| | | | | | |
Unrealized foreign currency transaction losses (gains) related to Euro-denominated debt | | 163 | | | (46) | | | |
| | | | | | |
| | | | | | |
| | | | | | |
Gain on sale and leaseback transaction | | — | | | (240) | | | |
Other | | 5 | | | 38 | | | |
Changes in assets and liabilities: | | | | | | |
Accounts receivable | | (1,330) | | | (1,228) | | | |
Prepaid expenses and other current assets | | 155 | | | (217) | | | |
Deferred merchant bookings and other current liabilities | | 2,742 | | | 3,718 | | | |
| | | | | | |
Long-term assets and liabilities | | 142 | | | (478) | | | |
Net cash provided by operating activities | | 7,344 | | | 6,554 | | | |
INVESTING ACTIVITIES: | | | | | | |
Purchase of investments | | (12) | | | (768) | | | |
Proceeds from sale and maturity of investments | | 1,840 | | | 32 | | | |
Additions to property and equipment | | (345) | | | (368) | | | |
| | | | | | |
Proceeds from sale and leaseback transaction | | — | | | 601 | | | |
Other investing activities | | 3 | | | (15) | | | |
Net cash provided by (used in) investing activities | | 1,486 | | | (518) | | | |
FINANCING ACTIVITIES: | | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
Proceeds from the issuance of long-term debt | | 1,893 | | | 3,621 | | | |
| | | | | | |
Payments on maturity of debt | | (500) | | | (1,880) | | | |
Payments for repurchase of common stock | | (10,377) | | | (6,621) | | | |
| | | | | | |
Proceeds from exercise of stock options | | 134 | | | 7 | | | |
Other financing activities | | (59) | | | (24) | | | |
Net cash used in financing activities | | (8,909) | | | (4,897) | | | |
Effect of exchange rate changes on cash and cash equivalents and restricted cash and cash equivalents | | (37) | | | (40) | | | |
Net (decrease) increase in cash and cash equivalents and restricted cash and cash equivalents | | (116) | | | 1,099 | | | |
Total cash and cash equivalents and restricted cash and cash equivalents, beginning of period | | 12,251 | | | 11,152 | | | |
Total cash and cash equivalents and restricted cash and cash equivalents, end of period | | $ | 12,135 | | | $ | 12,251 | | | |
SUPPLEMENTAL CASH FLOW INFORMATION: | | | | | | |
Cash paid during the period for income taxes | | $ | 1,789 | | | $ | 600 | | | |
Cash paid during the period for interest | | $ | 842 | | | $ | 380 | | | |
| | | | | | |
| | | | | | |
| | | | | | |
| | | | | | |
Booking Holdings Inc.
UNAUDITED RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL INFORMATION
(In millions, except share and per share data) (1)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
RECONCILIATION OF NET INCOME TO ADJUSTED EBITDA | | Three Months Ended December 31, | | Year Ended December 31, |
| | 2023 | | 2022 | | 2023 | | 2022 |
| Net income | | $ | 222 | | | $ | 1,235 | | | $ | 4,289 | | | $ | 3,058 | |
| | | | | | | | | |
(a) | Accruals related to the Netherlands pension fund matter | | 276 | | | — | | | 276 | | | — | |
(b) | Accruals related to a draft decision by the Spanish competition authority | | 530 | | | — | | | 530 | | | — | |
(c) | Accruals related to settlements of indirect tax matters | | — | | | 46 | | | 62 | | | 46 | |
(d) | Termination fee related to an acquisition agreement | | — | | | — | | | 90 | | | — | |
(e) | Depreciation and amortization | | 134 | | | 124 | | | 504 | | | 451 | |
(f) | Loss on assets classified as held for sale | | — | | | — | | | — | | | 36 | |
(g) | Gain on sale and leaseback transaction | | — | | | (240) | | | — | | | (240) | |
(e) | Interest and dividend income | | (237) | | | (131) | | | (1,020) | | | (219) | |
(e) | Interest expense | | 208 | | | 145 | | | 897 | | | 391 | |
(h) | Net (gains) losses on equity securities | | (20) | | | (179) | | | 131 | | | 963 | |
| | | | | | | | | |
(i) | Foreign currency transaction losses (gains) on the remeasurement of certain Euro-denominated debt and accrued interest and debt-related foreign currency derivative instruments | | 165 | | | 24 | | | 163 | | | (56) | |
| | | | | | | | | |
(e) | Income tax expense | | 189 | | | 217 | | | 1,192 | | | 865 | |
| Adjusted EBITDA | | $ | 1,464 | | | $ | 1,241 | | | $ | 7,112 | | | $ | 5,295 | |
| Net income as a % of Total Revenues | | 4.6 | % | | 30.5 | % | | 20.1 | % | | 17.9 | % |
| Adjusted EBITDA as a % of Total Revenues | | 30.6 | % | | 30.7 | % | | 33.3 | % | | 31.0 | % |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
RECONCILIATION OF NET INCOME TO NON-GAAP NET INCOME AND NON-GAAP NET INCOME APPLICABLE TO COMMON STOCKHOLDERS PER DILUTED COMMON SHARE | | Three Months Ended December 31, | | Year Ended December 31, |
| | | 2023 | | 2022 | | 2023 | | 2022 |
| Net income | | $ | 222 | | | $ | 1,235 | | | $ | 4,289 | | | $ | 3,058 | |
| | | | | | | | | |
(a) | Accruals related to the Netherlands pension fund matter | | 276 | | | — | | | 276 | | | — | |
(b) | Accruals related to a draft decision by the Spanish competition authority | | 530 | | | — | | | 530 | | | — | |
(c) | Accruals related to settlements of indirect tax matters | | — | | | 46 | | | 62 | | | 46 | |
(d) | Termination fee related to an acquisition agreement | | — | | | — | | | 90 | | | — | |
(f) | Loss on assets classified as held for sale | | — | | | — | | | — | | | 36 | |
(g) | Gain on sale and leaseback transaction | | — | | | (240) | | | — | | | (240) | |
(h) | Net (gains) losses on equity securities | | (20) | | | (179) | | | 131 | | | 963 | |
| | | | | | | | | |
(i) | Foreign currency transaction losses (gains) on the remeasurement of certain Euro-denominated debt and accrued interest and debt-related foreign currency derivative instruments | | 165 | | | 24 | | | 163 | | | (56) | |
| | | | | | | | | |
(j) | Amortization of intangible assets | | 56 | | | 57 | | | 222 | | | 224 | |
| | | | | | | | | |
| | | | | | | | | |
(k) | Interest received on refunded tax payments | | — | | | — | | | (31) | | | — | |
(l) | Net unrecognized tax benefits related to French income tax matters | | — | | | (25) | | | — | | | 100 | |
(m) | Tax impact of Non-GAAP adjustments | | (99) | | | 40 | | | (170) | | | (133) | |
| Non-GAAP Net income | | $ | 1,128 | | | $ | 957 | | | $ | 5,561 | | | $ | 3,998 | |
| GAAP and Non-GAAP weighted-average number of diluted common shares outstanding (in 000's) | | 35,222 | | | 38,709 | | | 36,530 | | | 40,052 | |
| Net income applicable to common stockholders per diluted common share | | $ | 6.28 | | | $ | 31.92 | | | $ | 117.40 | | | $ | 76.35 | |
| | | | | | | | | |
| Non-GAAP Net income applicable to common stockholders per diluted common share | | $ | 32.00 | | | $ | 24.74 | | | $ | 152.22 | | | $ | 99.83 | |
| | | | | | | | | | | | | | | | | | | | | |
RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOW | | | | Year Ended December 31, |
| | | | | | | 2023 | | 2022 |
| Net cash provided by operating activities | | | | | | $ | 7,344 | | | $ | 6,554 | |
(n) | Additions to property and equipment | | | | | | (345) | | | (368) | |
| | | | | | | | | |
| Free cash flow | | | | | | $ | 6,999 | | | $ | 6,186 | |
| Net cash provided by operating activities as a % of Total Revenues | | | | | | 34.4 | % | | 38.3 | % |
| Free cash flow as a % of Total Revenues | | | | | | 32.8 | % | | 36.2 | % |
(1) Amounts may not total due to rounding.
| | | | | |
| Notes: |
| |
| |
| |
| |
(a) | Accruals related to the Netherlands pension fund matter are recorded in Personnel expenses and excluded from Net income to calculate Non-GAAP Net income and Adjusted EBITDA. |
(b) | Accruals related to a draft decision by the Spanish competition authority are recorded in General and administrative expenses and excluded from Net income to calculate Non-GAAP Net income and Adjusted EBITDA. |
(c) | Accruals related to settlements of certain indirect tax matters are recorded in General and administrative expenses and excluded from Net income to calculate Non-GAAP Net income and Adjusted EBITDA. |
(d) | Termination fee related to the acquisition agreement for the Etraveli Group is recorded in General and administrative expenses and excluded from Net income to calculate Non-GAAP Net income and Adjusted EBITDA. |
(e) | Amounts are excluded from Net income to calculate Adjusted EBITDA. |
| |
| |
(f) | Loss on assets classified as held for sale is recorded in Other operating expenses and excluded from Net income to calculate Non-GAAP Net income and Adjusted EBITDA. |
(g) | Gain on the sale and leaseback transaction related to Booking.com's headquarters building is recorded in Other operating expenses and excluded from Net income to calculate Non-GAAP Net income and Adjusted EBITDA. |
(h) | Net (gains) losses on equity securities with readily determinable fair values and impairments of investments in equity securities are recorded in Other income (expense), net and excluded from Net income to calculate Non-GAAP Net income and Adjusted EBITDA. |
| |
(i) | Foreign currency transaction losses (gains) on the remeasurement of Euro-denominated debt and accrued interest that are not designated as hedging instruments for accounting purposes and debt-related foreign currency derivative instruments used as economic hedges are recorded in Other income (expense), net and excluded from Net income to calculate Non-GAAP Net income and Adjusted EBITDA. |
| |
(j) | Amortization of intangible assets is recorded in Depreciation and amortization expenses and excluded from Net income to calculate Non-GAAP Net income. |
| |
| |
| |
| |
(k) | Interest received on tax payments refunded pursuant to a settlement with authorities is recorded in Other income (expense), net and Income tax expense, as applicable, and excluded from Net income to calculate Non-GAAP Net income. |
(l) | Net unrecognized tax benefits related to French income tax matters is recorded in Income tax expense and excluded from Net income to calculate Non-GAAP Net income. |
(m) | Reflects the tax impact of Non-GAAP adjustments above and changes in tax estimates which are excluded from Net income to calculate Non-GAAP Net income. |
| |
(n) | Cash used for additions to property and equipment is included in the calculation of Free cash flow. |
| |
| |
| |
| |
| |
| |
| |
|
For a more detailed discussion of the adjustments described above, please see the section in this press release under the heading "Non-GAAP Financial Measures" which provides definitions and information about the use of non-GAAP financial measures. |
Booking Holdings Inc.
Statistical Data
Units Sold in millions and Gross Bookings and Total Revenues in billions(1)
(Unaudited)
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Units Sold | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 1Q22 | | 2Q22 | | 3Q22 | | 4Q22 | | 1Q23 | | 2Q23 | | 3Q23 | | 4Q23 | | FY 2022 | | FY 2023 |
Room Nights | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 198 | | | 246 | | | 240 | | | 211 | | | 274 | | | 268 | | | 276 | | | 231 | | | 896 | | | 1,049 | |
Year/Year Growth | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 99.7 | % | | 56.3 | % | | 31.5 | % | | 39.5 | % | | 38.3 | % | | 8.8 | % | | 14.9 | % | | 9.2 | % | | 51.6 | % | | 17.1 | % |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Rental Car Days | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 15 | | | 16 | | | 16 | | | 14 | | | 19 | | | 20 | | | 20 | | | 15 | | | 62 | | | 74 | |
Year/Year Growth | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 53.0 | % | | 22.4 | % | | 24.9 | % | | 27.6 | % | | 22.7 | % | | 24.0 | % | | 20.0 | % | | 10.7 | % | | 30.7 | % | | 19.7 | % |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Airline Tickets | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 5 | | | 6 | | | 6 | | | 6 | | | 8 | | | 9 | | | 9 | | | 9 | | | 23 | | | 36 | |
Year/Year Growth | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 69.1 | % | | 31.4 | % | | 45.1 | % | | 61.5 | % | | 73.3 | % | | 58.3 | % | | 56.6 | % | | 45.8 | % | | 49.9 | % | | 57.6 | % |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Gross Bookings(2) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 1Q22 | | 2Q22 | | 3Q22 | | 4Q22 | | 1Q23 | | 2Q23 | | 3Q23 | | 4Q23 | | FY 2022 | | FY 2023 |
Merchant | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | 11.0 | | | $ | 15.1 | | | $ | 14.5 | | | $ | 13.3 | | | $ | 19.9 | | | $ | 21.1 | | | $ | 22.3 | | | $ | 18.4 | | | $ | 53.9 | | | $ | 81.7 | |
Agency | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 16.3 | | | 19.4 | | | 17.6 | | | 14.0 | | | 19.5 | | | 18.6 | | | 17.5 | | | 13.3 | | | 67.4 | | | 68.9 | |
Total | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | 27.3 | | | $ | 34.5 | | | $ | 32.1 | | | $ | 27.3 | | | $ | 39.4 | | | $ | 39.7 | | | $ | 39.8 | | | $ | 31.7 | | | $ | 121.3 | | | $ | 150.6 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Gross Bookings Year/Year Growth (Decline) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Merchant | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 240.6 | % | | 126.5 | % | | 64.6 | % | | 85.9 | % | | 81.0 | % | | 39.9 | % | | 53.5 | % | | 38.7 | % | | 108.4 | % | | 51.7 | % |
Agency | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 87.1 | % | | 27.2 | % | | 18.4 | % | | 18.2 | % | | 19.7 | % | | (4.5) | % | | (0.4) | % | | (5.3) | % | | 32.8 | % | | 2.3 | % |
Total | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 128.7 | % | | 57.3 | % | | 35.6 | % | | 43.6 | % | | 44.5 | % | | 14.9 | % | | 24.0 | % | | 16.1 | % | | 58.3 | % | | 24.2 | % |
Constant-currency Basis | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 140 | % | | 73 | % | | 52 | % | | 58 | % | | 52 | % | | 16 | % | | 21 | % | | 15 | % | | 73 | % | | 25 | % |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 1Q22 | | 2Q22 | | 3Q22 | | 4Q22 | | 1Q23 | | 2Q23 | | 3Q23 | | 4Q23 | | FY 2022 | | FY 2023 |
Total Revenues | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | $ | 2.7 | | | $ | 4.3 | | | $ | 6.1 | | | $ | 4.0 | | | $ | 3.8 | | | $ | 5.5 | | | $ | 7.3 | | | $ | 4.8 | | | $ | 17.1 | | | $ | 21.4 | |
Year/Year Growth | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 136.3 | % | | 98.7 | % | | 29.4 | % | | 35.8 | % | | 40.2 | % | | 27.2 | % | | 21.3 | % | | 18.1 | % | | 56.0 | % | | 25.0 | % |
Constant-currency Basis | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 146 | % | | 116 | % | | 47 | % | | 49 | % | | 47 | % | | 28 | % | | 18 | % | | 17 | % | | 71 | % | | 25 | % |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(1)Amounts may not total due to rounding.
(2) Gross bookings is an operating and statistical metric that captures the total dollar value, generally inclusive of taxes and fees, of all travel services booked by our customers, net of cancellations.
Booking Holdings Inc.
Reclassifications
(Unaudited)
The Company has reclassified certain indirect taxes, primarily digital services taxes, between "General and administrative" expenses and "Sales and other expenses." These reclassifications did not affect the previously reported quarterly Revenue, Operating income (loss), Income (loss) before income taxes, or Net income (loss) in the Unaudited Consolidated Statements of Operations. The following table presents the impact of the reclassifications by quarter on "Sales and other expenses" and "General and administrative" expenses in the Unaudited Consolidated Statements of Operations (in millions):
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | Three months ended | | Year ended |
| | March 31, | | June 30, | | September 30, | | December 31, | | December 31, |
2023 | | | | | | | | | | |
Sales and other expenses (Prior presentation) | | $ | 542 | | | $ | 666 | | | $ | 723 | | | $ | 597 | | | $ | 2,528 | |
Reclassifications | | 28 | | | 51 | | | 84 | | | 53 | | | 216 | |
Sales and other expenses (New presentation) | | $ | 570 | | | $ | 717 | | | $ | 807 | | | $ | 650 | | | $ | 2,744 | |
| | | | | | | | | | |
General and administrative (Prior presentation) | | $ | 289 | | | $ | 304 | | | $ | 387 | | | $ | 791 | | | $ | 1,771 | |
Reclassifications | | (28) | | | (51) | | | (84) | | | (53) | | | (216) | |
General and administrative (New presentation) | | $ | 261 | | | $ | 253 | | | $ | 303 | | | $ | 738 | | | $ | 1,555 | |
| | | | | | | | | | |
2022 | | | | | | | | | | |
Sales and other expenses (Prior presentation) | | $ | 339 | | | $ | 465 | | | $ | 540 | | | $ | 474 | | | $ | 1,818 | |
Reclassifications | | 24 | | | 38 | | | 69 | | | 37 | | | 168 | |
Sales and other expenses (New presentation) | | $ | 363 | | | $ | 503 | | | $ | 609 | | | $ | 511 | | | $ | 1,986 | |
| | | | | | | | | | |
General and administrative (Prior presentation) | | $ | 158 | | | $ | 207 | | | $ | 262 | | | $ | 307 | | | $ | 934 | |
Reclassifications | | (24) | | | (38) | | | (69) | | | (37) | | | (168) | |
General and administrative (New presentation) | | $ | 134 | | | $ | 169 | | | $ | 193 | | | $ | 270 | | | $ | 766 | |
v3.24.0.1
X |
- DefinitionBoolean flag that is true when the XBRL content amends previously-filed or accepted submission.
+ References
+ Details
Name: |
dei_AmendmentFlag |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionFor the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
+ References
+ Details
Name: |
dei_DocumentPeriodEndDate |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:dateItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
+ Details
Name: |
dei_DocumentType |
Namespace Prefix: |
dei_ |
Data Type: |
dei:submissionTypeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionAddress Line 1 such as Attn, Building Name, Street Name
+ References
+ Details
Name: |
dei_EntityAddressAddressLine1 |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Definition
+ References
+ Details
Name: |
dei_EntityAddressCityOrTown |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCode for the postal or zip code
+ References
+ Details
Name: |
dei_EntityAddressPostalZipCode |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionName of the state or province.
+ References
+ Details
Name: |
dei_EntityAddressStateOrProvince |
Namespace Prefix: |
dei_ |
Data Type: |
dei:stateOrProvinceItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionA unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityCentralIndexKey |
Namespace Prefix: |
dei_ |
Data Type: |
dei:centralIndexKeyItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionIndicate if registrant meets the emerging growth company criteria.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityEmergingGrowthCompany |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionCommission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
+ References
+ Details
Name: |
dei_EntityFileNumber |
Namespace Prefix: |
dei_ |
Data Type: |
dei:fileNumberItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTwo-character EDGAR code representing the state or country of incorporation.
+ References
+ Details
Name: |
dei_EntityIncorporationStateCountryCode |
Namespace Prefix: |
dei_ |
Data Type: |
dei:edgarStateCountryItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityRegistrantName |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionThe Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b-2
+ Details
Name: |
dei_EntityTaxIdentificationNumber |
Namespace Prefix: |
dei_ |
Data Type: |
dei:employerIdItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionLocal phone number for entity.
+ References
+ Details
Name: |
dei_LocalPhoneNumber |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:normalizedStringItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 13e -Subsection 4c
+ Details
Name: |
dei_PreCommencementIssuerTenderOffer |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 14d -Subsection 2b
+ Details
Name: |
dei_PreCommencementTenderOffer |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTitle of a 12(b) registered security.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection b
+ Details
Name: |
dei_Security12bTitle |
Namespace Prefix: |
dei_ |
Data Type: |
dei:securityTitleItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionName of the Exchange on which a security is registered.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Number 240 -Section 12 -Subsection d1-1
+ Details
Name: |
dei_SecurityExchangeName |
Namespace Prefix: |
dei_ |
Data Type: |
dei:edgarExchangeCodeItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Exchange Act -Section 14a -Number 240 -Subsection 12
+ Details
Name: |
dei_SolicitingMaterial |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionTrading symbol of an instrument as listed on an exchange.
+ References
+ Details
Name: |
dei_TradingSymbol |
Namespace Prefix: |
dei_ |
Data Type: |
dei:tradingSymbolItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- DefinitionBoolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ ReferencesReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Securities Act -Number 230 -Section 425
+ Details
Name: |
dei_WrittenCommunications |
Namespace Prefix: |
dei_ |
Data Type: |
xbrli:booleanItemType |
Balance Type: |
na |
Period Type: |
duration |
|
X |
- Details
Name: |
us-gaap_StatementClassOfStockAxis=us-gaap_CommonStockMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementClassOfStockAxis=bkng_A2.375SeniorNotesDueSeptember2024MemberMember |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementClassOfStockAxis=bkng_A0100SeniorNotesDue2025Member |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementClassOfStockAxis=bkng_A4000SeniorNotesDue2026Member |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementClassOfStockAxis=bkng_A1.8SeniorNotesDueMarch2027Member |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementClassOfStockAxis=bkng_A05SeniorNotesDueMarch2028Member |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementClassOfStockAxis=bkng_A3625SeniorNotesDue2028Member |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementClassOfStockAxis=bkng_A4250SeniorNotesDue2029Member |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementClassOfStockAxis=bkng_A450SeniorNotesDue2031Member |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementClassOfStockAxis=bkng_A4125SeniorNotesDue2033Member |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
X |
- Details
Name: |
us-gaap_StatementClassOfStockAxis=bkng_A4750SeniorNotesDue2034Member |
Namespace Prefix: |
|
Data Type: |
na |
Balance Type: |
|
Period Type: |
|
|
Booking (NASDAQ:BKNG)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Booking (NASDAQ:BKNG)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024