Booking Holdings Inc. Financial Statements — BKNG Stock

Income Statement	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Sales/Revenue/Turnover	2,338	3,085	4,356	5,261	6,793	8,442	9,224	10,743	12,681	14,527	15,066	6,796	10,958	17,090	21,365
+ Sales & Services Revenue	2,338	3,085	4,356	5,261	6,793	8,442	9,224	10,743	12,681	14,527	15,066	6,796	10,958	17,090	21,365
- Cost of Revenue	1,077	1,176	1,276	1,177	1,077	858	632	415	242	- -	- -	- -	- -	- -	- -
+ Cost of Goods & Services	1,077	1,176	1,276	1,177	1,077	858	632	415	242	- -	- -	- -	- -	- -	- -
Gross Profit	1,261	1,909	3,080	4,084	5,716	7,584	8,592	10,328	12,439	- -	- -	- -	- -	- -	- -
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	-14,527	-15,066	-6,796	-10,958	-17,090	-21,365
- Operating Expenses	790	1,122	1,681	2,254	3,303	4,511	5,333	6,481	7,901	9,186	9,721	6,216	8,462	11,988	15,530
+ Selling, General & Admin	732	1,055	1,593	2,145	3,114	4,206	4,947	6,030	7,349	8,527	8,967	5,459	7,616	11,210	14,366
+ Research & Development	19	21	34	44	72	97	114	142	189	233	285	- -	- -	- -	- -
+ Other Operating Expense	39	46	54	65	118	208	272	309	363	426	469	757	846	778	1,164
Operating Income (Loss)	471	787	1,399	1,830	2,412	3,073	3,259	3,847	4,538	5,341	5,345	580	2,496	5,102	5,835
- Non-Operating (Income) Loss	29	41	31	68	116	84	131	1,134	139	506	-613	13	1,031	1,179	354
+ Interest Expense, Net	22	26	24	58	79	74	104	113	97	82	114	302	318	172	-123
+ Interest Expense	24	30	32	62	83	88	160	208	254	269	266	356	334	391	897
- Interest Income	2	4	8	4	4	14	56	95	157	187	152	54	16	219	1,020
+ Other Non-Op (Income) Loss	7	14	8	10	37	9	26	1,021	42	424	-727	-289	713	1,007	477
Pretax Income	442	746	1,368	1,762	2,297	2,989	3,128	2,713	4,399	4,835	5,958	567	1,465	3,923	5,481
- Income Tax Expense (Benefit)	-47	218	309	338	404	568	577	578	2,058	837	1,093	508	300	865	1,192
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	489	528	1,059	1,424	1,893	2,422	2,551	2,135	2,341	3,998	4,865	59	1,165	3,058	4,289
- Net Extraordinary Losses (Gains)	- -	1	6	9	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	1	6	9	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	489	527	1,054	1,415	1,893	2,422	2,551	2,135	2,341	3,998	4,865	59	1,165	3,058	4,289
- Minority Interest	- -	-1	-3	-4	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	489	528	1,056	1,420	1,893	2,422	2,551	2,135	2,341	3,998	4,865	59	1,165	3,058	4,289
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	489	528	1,056	1,420	1,893	2,422	2,551	2,135	2,341	3,998	4,865	59	1,165	3,058	4,289
Basic Weighted Avg Shares	42	48	50	50	51	52	51	49	49	47	43	41	41	40	36
Basic EPS, GAAP	11.54	11	21.27	28.48	37.17	46.3	50.09	43.14	47.78	84.26	112.92	1.44	28.39	76.7	118.68
Basic EPS from Cont Ops	11.54	11.01	21.33	28.57	37.17	46.3	50.09	43.14	47.78	84.26	112.92	1.44	28.39	76.7	118.68
Diluted Weighted Avg Shares	50	51	51	51	52	53	52	50	50	48	44	41	41	40	37
Diluted EPS, GAAP	9.88	10.35	20.63	27.66	36.11	45.67	49.45	42.65	46.86	83.26	111.82	1.43	28.17	76.35	117.41
Diluted EPS from Cont Ops	9.88	10.36	20.68	27.74	36.11	45.67	49.45	42.65	46.86	83.26	111.82	1.43	28.17	76.35	117.41
EBITDA	510	837	1,453	1,895	2,530	3,281	3,531	4,156	4,901	5,767	5,986	1,222	3,095	5,709	6,500
EBITDA Margin (%)	21.81	27.14	33.35	36.02	37.25	38.87	38.28	38.69	38.65	39.7	39.73	17.98	28.24	33.41	30.42
EBITA	471	787	1,399	1,830	2,412	3,073	3,259	3,847	4,538	5,341	5,345	580	2,496	5,102	5,835
EBIT	471	787	1,399	1,830	2,412	3,073	3,259	3,847	4,538	5,341	5,345	580	2,496	5,102	5,835
Gross Margin (%)	53.92	61.88	70.71	77.62	84.14	89.84	93.15	96.14	98.09	100	100	100	100	100	100
Operating Margin (%)	20.14	25.5	32.12	34.78	35.51	36.41	35.33	35.81	35.79	36.77	35.48	8.53	22.78	29.85	27.31
Profit Margin (%)	20.93	17.1	24.25	26.98	27.86	28.69	27.66	19.87	18.46	27.52	32.29	0.87	10.63	17.89	20.07
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	39	50	54	65	118	208	272	309	363	426	641	642	599	607	665

Balance Sheet	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Total Current Assets	1,023	1,957	3,067	5,682	7,481	5,114	3,553	5,402	9,035	8,407	9,833	12,206	13,145	15,798	17,034
+ Cash, Cash Equivalents & STI	800	1,662	2,658	5,183	6,753	4,291	2,649	4,300	7,402	6,284	7,310	11,063	11,152	12,396	12,683
+ Cash & Cash Equivalents	202	359	633	1,536	1,290	3,149	1,477	2,081	2,542	2,624	6,312	10,562	11,127	12,221	12,107
+ ST Investments	598	1,303	2,025	3,647	5,463	1,142	1,171	2,219	4,860	3,660	998	501	25	175	576
+ Accounts & Notes Receiv	119	162	264	368	536	644	645	860	1,218	1,523	1,680	529	1,358	2,229	3,253
+ Accounts Receivable, Net	119	162	264	368	536	644	645	860	1,218	1,523	1,680	529	1,358	2,229	3,253
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	104	133	145	132	192	179	260	241	415	600	843	614	635	1,173	1,098
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	811	948	904	887	2,964	9,657	13,867	14,437	16,416	14,280	11,569	9,668	10,496	9,563	7,308
+ Property, Plant & Equip, Net	30	40	64	89	135	199	275	347	480	656	1,358	1,285	1,318	1,314	1,489
+ Property, Plant & Equip	108	134	177	232	313	443	535	706	1,023	1,349	2,285	2,438	2,623	2,638	2,708
- Accumulated Depreciation	78	94	113	143	178	244	260	359	543	693	927	1,153	1,305	1,324	1,219
+ LT Investments & Receivables	- -	- -	- -	- -	- -	3,756	7,931	9,591	10,873	8,408	4,477	3,759	3,175	2,789	440
+ LT Investments	- -	- -	- -	- -	- -	3,756	7,931	9,591	10,873	8,408	4,477	3,759	3,175	2,789	440
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	780	909	840	798	2,828	5,703	5,661	4,499	5,063	5,216	5,734	4,624	6,003	5,460	5,379
+ Total Intangible Assets	523	743	705	731	2,788	5,661	5,543	4,391	4,915	5,035	4,867	3,707	4,944	4,636	4,439
+ Goodwill	351	511	505	523	1,768	3,326	3,375	2,397	2,738	2,910	2,913	1,895	2,887	2,807	2,826
+ Other Intangible Assets	172	232	200	208	1,020	2,335	2,168	1,994	2,177	2,125	1,954	1,812	2,057	1,829	1,613
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	258	166	135	67	41	42	119	109	148	181	867	917	1,059	824	940
Total Assets	1,834	2,906	3,971	6,570	10,444	14,771	17,421	19,839	25,451	22,687	21,402	21,874	23,641	25,361	24,342
+ Payables & Accruals	188	334	369	573	793	881	1,004	1,277	1,807	2,533	2,817	2,117	3,351	5,751	8,115
+ Accounts Payable	61	90	147	185	247	281	323	419	668	1,134	1,239	735	1,586	2,507	3,480
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	128	244	222	388	545	600	682	857	1,139	1,399	1,578	1,382	1,765	3,244	4,635
+ ST Debt	160	- -	498	520	152	37	- -	968	711	- -	988	985	1,989	500	1,961
+ ST Borrowings	160	- -	498	520	152	37	- -	968	711	- -	988	985	1,989	500	1,961
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	61	137	239	369	437	461	435	614	980	1,022	1,561	323	906	2,223	3,254
+ Deferred Revenue	61	- -	239	369	437	461	435	614	980	1,022	1,561	323	906	2,223	3,254
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	137	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Current Liabilities	409	471	1,106	1,462	1,382	1,379	1,439	2,859	3,498	3,555	5,366	3,425	6,246	8,474	13,330
+ LT Debt	36	476	77	882	1,742	3,824	6,158	6,171	8,810	8,649	8,102	11,395	9,288	12,537	12,822
+ LT Borrowings	36	476	77	882	1,742	3,824	6,158	6,171	8,810	8,649	7,640	11,029	8,937	11,985	12,223
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	462	366	351	552	599
+ Other LT Liabilities	68	99	136	274	402	1,001	1,027	961	1,879	1,698	2,001	2,161	1,929	1,568	934
+ Accrued Liabilities	44	56	47	45	326	898	893	822	481	370	876	1,127	905	685	258
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	24	43	89	229	76	104	135	139	1,398	1,328	1,125	1,034	1,024	883	676
Total Noncurrent Liabilities	104	576	213	1,156	2,144	4,825	7,186	7,132	10,689	10,347	10,103	13,556	11,217	14,105	13,756
Total Liabilities	513	1,047	1,319	2,618	3,526	6,204	8,625	9,990	14,187	13,902	15,469	16,981	17,463	22,579	27,086
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	2,290	2,418	2,432	2,613	4,593	4,924	5,185	5,483	5,783	5,445	5,756	5,851	6,159	6,491	7,175
+ Common Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	2,290	2,417	2,431	2,612	4,593	4,923	5,185	5,483	5,783	5,445	5,756	5,851	6,159	6,491	7,175
- Treasury Stock	511	640	804	1,061	1,987	2,738	5,827	6,855	8,699	14,711	22,864	24,128	24,290	30,983	41,426
+ Retained Earnings	-455	69	1,034	2,369	4,219	6,641	9,192	11,327	13,939	18,367	23,232	23,288	24,453	27,541	31,830
+ Other Equity	-3	-33	-88	-24	85	-260	245	-135	238	-316	-191	-118	-144	-267	-323
Equity Before Minority Interest	1,322	1,813	2,525	3,952	6,918	8,567	8,795	9,849	11,264	8,785	5,933	4,893	6,178	2,782	-2,744
+ Minority/Non Controlling Interest	- -	46	127	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	1,322	1,859	2,652	3,952	6,918	8,567	8,795	9,849	11,264	8,785	5,933	4,893	6,178	2,782	-2,744
Total Liabilities & Equity	1,834	2,906	3,971	6,570	10,444	14,771	17,421	19,839	25,451	22,687	21,402	21,874	23,641	25,361	24,342
Shares Outstanding	46	49	50	50	52	52	50	49	48	46	41	41	41	38	34
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	462	366	351	552	599
Net Debt	-6	117	-58	-134	604	712	4,681	5,057	6,979	6,025	2,316	1,452	-201	264	2,077
Net Debt to Equity	-0.48	6.32	-2.18	-3.39	8.73	8.32	53.22	51.35	61.96	68.58	39.04	29.68	-3.25	9.49	-75.69
Tangible Common Equity Ratio	60.92	51.6	59.61	55.16	53.95	31.9	27.39	35.33	30.92	21.24	6.45	6.53	6.6	-8.95	-36.09
Current Ratio	2.5	4.15	2.77	3.89	5.41	3.71	2.47	1.89	2.58	2.36	1.83	3.56	2.1	1.86	1.28
Cash Conversion Cycle	-1.63	-6.79	-16.04	-29.47	-48.9	-87	-148.95	-300.71	-789.92	- -	- -	- -	- -	- -	- -
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Cash Flow Statement	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
+ Net Income	489	528	1,059	1,424	1,893	2,422	2,551	2,135	2,341	3,998	4,865	59	1,165	3,058	4,289
+ Depreciation & Amortization	39	50	54	65	118	208	272	309	363	426	641	642	599	607	665
+ Non-Cash Items	-87	148	144	153	238	310	388	1,326	370	789	-100	404	787	1,094	681
+ Stock-Based Compensation	41	68	66	72	142	189	249	250	261	331	325	255	376	404	530
+ Deferred Income Taxes	31	38	45	20	-11	32	-61	-112	-32	-150	122	213	-445	-257	-478
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	1,004	8	- -	- -	1,162	- -	- -	- -
+ Other Non-Cash Adj	-158	42	33	61	107	89	200	184	133	608	-547	-1,226	856	947	629
+ Chg in Non-Cash Work Cap	68	51	85	144	53	-25	-8	214	1,588	125	-541	-1,020	269	1,795	1,709
+ (Inc) Dec in Accts Receiv	-23	-29	-126	-105	-112	-182	-69	-284	-270	-319	-323	891	-1,002	-1,228	-1,330
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	-1	-22	12	-41	-7	-49	-82	5	-124	-201	-263	161	6	-217	155
+ Inc (Dec) in Accts Payable	87	85	210	256	182	204	166	514	687	635	480	- -	- -	- -	- -
+ Inc (Dec) in Other	5	18	-12	34	-11	2	-24	-21	1,295	10	-435	-2,072	1,265	3,240	2,884
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	510	777	1,342	1,786	2,301	2,914	3,204	3,984	4,662	5,338	4,865	85	2,820	6,554	7,344
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	601	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	601	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-15	-23	-47	-55	-84	-132	-174	-268	-288	-442	-368	-286	-304	-368	-345
+ Acq of Fixed Prod Assets	-15	-23	-47	-55	-84	-132	-174	-220	-288	-442	-368	-286	-304	-368	-345
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	-48	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	-486	-706	-787	-1,471	-1,743	270	-3,580	-3,064	-3,361	2,930	7,427	2,923	491	-736	1,828
+ Dec in LT Investment	441	1,116	2,261	4,886	8,295	10,917	5,538	3,684	3,580	5,616	8,099	2,997	508	32	1,840
+ Inc in LT Investment	-927	-1,823	-3,047	-6,357	-10,038	-10,647	-9,118	-6,748	-6,941	-2,686	-672	-74	-17	-768	-12
+ Net Cash From Acq & Div	-2	-112	-68	-34	-332	-2,496	-140	-1	-553	-273	-9	- -	-1,185	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	-2	-112	-68	-34	-332	-2,496	-140	-1	-553	-273	-9	- -	-1,185	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	1	- -	-3	-3	-3	- -	- -	- -	- -	- -	- -	- -	- -	-15	3
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-501	-841	-905	-1,563	-2,162	-2,358	-3,895	-3,333	-4,202	2,215	7,050	2,637	-998	-518	1,486
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	-197	280	- -	1,000	564	2,140	2,251	995	1,759	-1,462	-25	2,864	-1,053	1,741	1,393
+ Cash From Debt	- -	575	- -	1,000	979	3,260	2,624	995	2,045	25	400	4,108	2,015	3,621	1,893
+ Repayments of Debt	-197	-295	- -	- -	-415	-1,120	-373	- -	-286	-1,487	-425	-1,244	-3,068	-1,880	-500
+ Cash (Repurchase) of Equity	-17	-129	-163	-257	-884	-750	-3,089	-1,012	-1,828	-5,971	-8,187	-1,303	-163	-6,621	-10,377
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	-17	-129	-163	-257	-884	-750	-3,089	-1,012	-1,828	-5,971	-8,187	-1,303	-163	-6,621	-10,377
+ Other Financing Activities	46	63	12	-74	-84	40	6	16	-10	2	-8	-33	-23	-17	75
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-169	213	-151	669	-404	1,429	-831	-1	-79	-7,431	-8,220	1,528	-1,239	-4,897	-8,909
Effect of Foreign Exchange Rates	-2	8	-12	12	18	-136	-149	-46	100	-40	-8	- -	-13	-40	-37
Net Changes in Cash	-161	149	286	892	-264	1,986	-1,522	650	381	122	3,695	4,250	583	1,139	-79
Capital Expenditures	-15	-23	-47	-55	-84	-132	-174	-268	-288	-442	-368	-286	-304	-368	-345
EBITDA	510	837	1,453	1,895	2,530	3,281	3,531	4,156	4,901	5,767	5,986	1,222	3,095	5,709	6,500
EBITDA Margin (%)	21.81	27.14	33.35	36.02	37.25	38.87	38.28	38.69	38.65	39.7	39.73	17.98	28.24	33.41	30.42
Net Cash Paid for Acquisitions	2	112	68	34	332	2,496	140	1	553	273	9	- -	1,185	- -	- -
Free Cash Flow	495	755	1,295	1,731	2,217	2,783	3,030	3,716	4,374	4,896	4,497	-201	2,516	6,186	6,999
Free Cash Flow to Firm	- -	776	1,320	1,781	2,286	2,854	3,160	3,880	4,509	5,118	4,714	-164	2,782	6,491	7,701
Free Cash Flow to Equity	297	1,034	1,295	2,731	2,781	4,923	5,281	4,759	6,133	3,434	4,472	2,663	1,463	8,528	8,392
Free Cash Flow per Basic Share	11.66	15.74	26.08	34.72	43.54	53.21	59.47	75.08	89.28	103.19	104.38	-4.91	61.3	155.15	193.66
Price/Free Cash Flow	20.43	25.25	17.1	17.15	25.31	19.67	19.3	17.11	17.38	14.18	16.93	244.93	31.49	11.56	16.7
Cash Flow to Net Income	1.04	1.47	1.27	1.26	1.22	1.2	1.26	1.87	1.99	1.34	1	1.44	2.42	2.14	1.71

Booking Holdings Inc.

Income Statement

Balance Sheet

Cash Flow Statement