| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES: | |||||||||||
Net (loss) income | |||||||||||
4,865 | 3,998 | 2,341 | 2,135 | 2,551 | 2,421 | 1,892 | 1,424 | 1,059 | 528 | 489 | 185 |
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities: | |||||||||||
Depreciation, Depletion and Amortization | |||||||||||
469 | 426 | 363 | - | - | - | - | - | - | - | - | - |
Depreciation | |||||||||||
- | - | - | 140 | 101 | 78 | 48 | 32 | 20 | 16 | 14 | 14 |
Provision for uncollectible accounts and chargebacks | |||||||||||
138 | 163 | 62 | 46 | 24 | 22 | 16 | 16 | 9 | 7 | 3 | 13 |
Amortization of Intangible Assets | |||||||||||
- | - | - | 169 | 170 | 129 | 69 | 32 | 33 | 34 | 24 | 28 |
Deferred income tax (benefit) expense | |||||||||||
122 | -150 | -32 | -112 | -61 | 31 | -11 | 19 | - | - | 183 | - |
Equity Securities, FV-NI, Unrealized Gain (Loss) | |||||||||||
745 | -367 | 0 | 0 | - | - | - | - | - | - | - | - |
Net unrealized gains on marketable equity securities | |||||||||||
745 | -367 | 0 | 0 | - | - | - | - | - | - | - | - |
Deferred income tax expense (benefit) | |||||||||||
- | - | - | - | - | - | - | - | 44 | 37 | 30 | 19 |
Stock-based compensation expense and other stock-based payments | |||||||||||
325 | 331 | 261 | 250 | 249 | 189 | 142 | 72 | 66 | 68 | 40 | 40 |
Operating lease amortization | |||||||||||
172 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Amortization of debt discount and debt issuance costs | |||||||||||
58 | 59 | 79 | - | - | - | - | - | - | - | - | - |
Amortization of debt issuance costs | |||||||||||
- | - | - | 8 | 7 | 5 | 7 | 5 | 2 | 3 | 2 | 2 |
Amortization of debt discount | |||||||||||
- | - | - | 69 | 66 | 54 | 55 | 39 | 21 | 20 | 18 | 26 |
Loss on early extinguishment of debt | |||||||||||
- | - | - | 0 | -0 | -6 | -26 | 0 | -0 | -11 | -1 | 6 |
Impairment of goodwill | |||||||||||
- | - | - | 941 | 0 | 0 | - | - | - | - | - | - |
Other | |||||||||||
2 | 19 | 10 | - | - | - | - | - | - | - | - | - |
Cost-method Investments, Other than Temporary Impairment | |||||||||||
- | - | - | 63 | 0 | 0 | - | - | - | - | - | - |
Equity in income of investees | |||||||||||
- | - | - | - | - | - | - | - | - | - | 0 | -0 |
Loss on impairment of investment | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 0 |
Excess tax benefits on stock-based awards and other equity deductions | |||||||||||
- | - | - | 61 | 101 | 23 | 17 | 5 | 21 | 3 | 2 | 7 |
Contingent consideration fair value adjustment | |||||||||||
- | - | - | 0 | - | - | - | - | - | - | - | - |
Changes in assets and liabilities: | |||||||||||
Accounts receivable | |||||||||||
323 | 319 | 270 | 284 | 68 | 182 | 111 | 105 | 125 | 29 | 22 | 42 |
Prepaid expenses and other current assets | |||||||||||
263 | 201 | 124 | -5 | 81 | 48 | 6 | 40 | -12 | 22 | 0 | 5 |
Deferred merchant bookings and other current liabilities | |||||||||||
480 | 635 | 687 | 514 | 165 | 203 | 182 | 256 | 210 | 84 | 86 | 32 |
Long-term U.S. transition tax liability | |||||||||||
-36 | 40 | 1,251 | 0 | 0 | - | - | - | - | - | - | - |
Other long-term assets and liabilities | |||||||||||
399 | 30 | -34 | 21 | 23 | -1 | 10 | -33 | 11 | -17 | -4 | -4 |
Net cash provided by operating activities | |||||||||||
4,865 | 5,338 | 4,662 | 3,984 | 3,203 | 2,914 | 2,301 | 1,785 | 1,341 | 777 | 509 | 315 |
INVESTING ACTIVITIES: | |||||||||||
Purchase of investments | |||||||||||
672 | 2,686 | 6,941 | 6,748 | 8,669 | 10,552 | 9,955 | 6,352 | 3,005 | 1,813 | 922 | 196 |
Proceeds from sale and maturity of investments | |||||||||||
8,099 | 5,616 | 3,580 | 3,684 | 5,084 | 10,902 | 8,291 | 4,799 | 2,229 | 1,071 | 432 | 218 |
Purchase of shares held by noncontrolling interests | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 154 |
Additions to property and equipment | |||||||||||
368 | 442 | 288 | 220 | 173 | 131 | 84 | 55 | 46 | 22 | 15 | 18 |
Payments to Acquire Businesses and Interest in Affiliates | |||||||||||
9 | 273 | 553 | 1 | 140 | 2,496 | 331 | 33 | 68 | 112 | 1 | 0 |
Payments related to revolving credit facility | |||||||||||
- | - | - | - | 225 | 995 | 0 | 0 | - | - | - | - |
Proceeds from redemption of equity investment in pricelinemortgage.com | |||||||||||
- | - | - | - | - | - | - | - | - | - | 8 | - |
Proceeds from foreign currency contracts | |||||||||||
- | - | - | - | 453 | 14 | 3 | 86 | 31 | 44 | 0 | - |
Payments on foreign currency contracts | |||||||||||
- | - | - | - | 448 | 94 | 81 | 4 | 42 | 9 | 5 | - |
Change in restricted cash | |||||||||||
- | - | - | - | - | - | 2 | 2 | 2 | -0 | -1 | 1 |
Net cash provided by (used in) investing activities | |||||||||||
7,050 | 2,215 | -4,202 | -3,333 | -3,894 | -2,357 | -2,162 | -1,562 | -904 | -841 | -501 | -151 |
FINANCING ACTIVITIES: | |||||||||||
Proceeds from revolving credit facility and short-term borrowings | |||||||||||
400 | 25 | 0 | 0 | - | - | - | - | - | - | - | - |
Acquisition of land-use rights | |||||||||||
- | - | - | 48 | 0 | 0 | - | - | - | - | - | - |
Proceeds from revolving credit facility | |||||||||||
- | - | - | - | 225 | 995 | 0 | 0 | - | - | - | - |
Repayments of short-term borrowings | |||||||||||
425 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Proceeds from the issuance of long-term debt | |||||||||||
0 | - | 2,045 | 995 | 2,399 | 2,264 | 978 | 1,000 | 0 | 575 | 0 | - |
Payment of debt issuance costs - revolving credit facility | |||||||||||
- | - | - | - | 4 | 0 | 0 | - | - | - | - | - |
Payment of debt issuance costs | |||||||||||
- | - | - | - | - | - | - | 20 | 0 | 13 | 0 | - |
Payments for conversion of senior notes | |||||||||||
0 | 1,487 | 286 | 0 | 147 | 125 | 414 | 0 | 0 | 295 | 197 | 176 |
Repayment of debt | |||||||||||
- | - | - | 0 | 0 | - | - | - | - | - | - | - |
Payments for repurchase of common stock | |||||||||||
8,187 | 5,971 | 1,828 | 1,012 | 3,088 | 750 | 883 | 257 | 163 | 129 | 17 | 4 |
Other financing activities | |||||||||||
-8 | 2 | -10 | - | -10 | 0 | 0 | - | - | - | - | - |
Payments to purchase subsidiary shares from noncontrolling interests | |||||||||||
- | - | - | - | - | - | 192 | 61 | 12 | 0 | 0 | - |
Payments of stock issuance costs | |||||||||||
- | - | - | - | - | - | 1 | 0 | 0 | - | - | - |
Proceeds from the sale of subsidiary shares to noncontrolling interests | |||||||||||
- | - | - | - | - | - | - | - | - | 4 | 0 | - |
Proceeds from exercise of stock options | |||||||||||
- | - | - | 16 | 20 | 16 | 91 | 2 | 4 | 25 | 43 | 5 |
Proceeds from the termination of conversion spread hedges | |||||||||||
- | - | - | - | - | - | 0 | 0 | 0 | 42 | 0 | - |
Net cash (used in) provided by financing activities | |||||||||||
-8,220 | -7,431 | -79 | -1 | -831 | 1,428 | -403 | 668 | -151 | 212 | -168 | -168 |
Effect of exchange rate changes on cash and cash equivalents and restricted cash and cash equivalents | |||||||||||
-8 | -40 | 100 | -46 | -149 | -136 | 17 | 11 | -12 | 7 | -1 | -15 |
Net increase (decrease) in cash and cash equivalents and restricted cash and cash equivalents | |||||||||||
3,687 | 82 | 481 | 604 | -1,671 | 1,849 | -246 | 903 | 273 | 156 | -162 | -20 |
SUPPLEMENTAL CASH FLOW INFORMATION: | |||||||||||
Cash paid during the period for income taxes (see Note 14) | |||||||||||
1,074 | 1,169 | 702 | 637 | 534 | 491 | 391 | 300 | 232 | 169 | 95 | 66 |
Cash paid during the period for interest | |||||||||||
221 | 219 | 155 | 126 | 54 | 16 | 20 | 13 | 7 | 4 | 4 | 6 |
Non-cash fair value increase for redeemable noncontrolling interests | |||||||||||
- | - | - | - | - | - | -42 | -84 | 91 | 7 | 0 | - |
Non-cash investing activity for contingent consideration | |||||||||||
- | - | - | - | 9 | 10 | 0 | 0 | - | - | - | - |
Non-cash financing activity for loan forgiveness | |||||||||||
- | - | - | - | 0 | 13 | 1,546 | 0 | 0 | - | - | - |
Non-cash operating and financing activity for an acquisition (see Note 20) | |||||||||||
0 | 51 | 0 | 0 | - | - | - | - | - | - | - | - |
Non-cash investing and financing activity for an acquisition | |||||||||||
0 | 59 | 0 | 0 | - | - | - | - | - | - | - | - |