| 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 Income (Loss), Including Portion Attributable to Noncontrolling Interest | |||||||||||
572,000 | 398,000 | 372,000 | 261,000 | 722,748 | 372,950 | 216,358 | 280,440 | 474,603 | 425,560 | 303,623 | -2,520,670 |
Less: Discontinued operations, net of tax | |||||||||||
- | - | - | - | - | - | - | -22,539 | 148,262 | 120,063 | 85,349 | - |
Net income from continuing operations | |||||||||||
- | - | - | - | - | - | - | 302,979 | 326,341 | 305,497 | 218,274 | - |
Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | |||||||||||
Depreciation | |||||||||||
712,000 | 676,000 | 614,000 | 477,000 | 336,680 | 265,817 | 211,744 | 164,247 | 133,009 | 105,531 | 93,452 | 76,800 |
Share-based Payment Arrangement, Noncash Expense | |||||||||||
241,000 | 203,000 | 149,000 | 242,000 | 178,068 | 85,011 | 130,173 | 64,596 | 63,847 | 52,507 | 55,756 | 61,291 |
Amortization and impairment of intangible assets | |||||||||||
198,000 | 325,000 | 275,000 | 352,000 | 156,458 | 76,773 | 71,731 | 31,705 | 21,925 | 22,514 | 23,875 | 69,436 |
Goodwill, Impairment Loss | |||||||||||
0 | 86,000 | 0 | 0 | - | - | - | - | - | - | - | 2,762,100 |
Impairment of intangible assets | |||||||||||
- | - | - | - | 7,207 | 2,842 | - | - | - | - | - | 233,900 |
Deferred income taxes | |||||||||||
-91,000 | -308,000 | -103,000 | -14,000 | -21,635 | -79,031 | -772 | -55,120 | 9,942 | 19,181 | -21,551 | -209,042 |
Foreign exchange loss on cash, restricted cash and short-term investments, net | |||||||||||
5,000 | -111,000 | 79,000 | -16,000 | -88,528 | -79,410 | -56,822 | 19,904 | -17,525 | -20,988 | 4,679 | -77,958 |
Realized gain on foreign currency forwards | |||||||||||
22,000 | 31,000 | 6,000 | -53,000 | 54,226 | -5,481 | 40,850 | -12,954 | -6,190 | 8,822 | 29,982 | -55,175 |
(Gain) loss on minority equity investments, net | |||||||||||
8,000 | -111,000 | -14,000 | -12,000 | - | - | - | - | - | - | - | - |
Gain on sale of business | |||||||||||
- | - | - | - | 508,810 | 0 | - | - | - | - | - | - |
Non-controlling interest basis adjustment | |||||||||||
- | - | - | - | 77,400 | 0 | - | - | - | - | - | - |
Provision for credit losses and other, net | |||||||||||
21,000 | -22,000 | 30,000 | 4,000 | -15,865 | -8,966 | -10,576 | -17,521 | -14,807 | 494 | -9,487 | -654 |
Changes in operating assets and liabilities: | |||||||||||
Accounts receivable | |||||||||||
368,000 | 282,000 | 456,000 | 276,000 | 198,262 | 157,957 | 127,327 | 84,017 | 70,012 | 22,440 | 29,781 | -32,208 |
Prepaid expenses and other assets | |||||||||||
193,000 | 29,000 | 71,000 | 45,000 | -97,701 | 65,203 | 18,724 | 3,386 | 20,035 | -82,733 | 18,184 | 15,072 |
Accounts payable, merchant | |||||||||||
224,000 | -134,000 | 316,000 | 184,000 | 97,248 | 110,603 | 91,503 | 146,469 | 80,390 | 49,648 | 26,466 | -75,443 |
Accounts payable, other, accrued expenses and other liabilities | |||||||||||
254,000 | 196,000 | 257,000 | 79,000 | 194,458 | 271,454 | -68,239 | 294,466 | 65,152 | 3,213 | 94,088 | 54,400 |
Tax payable/receivable, net | |||||||||||
-23,000 | 102,000 | -30,000 | -100,000 | 39,776 | 39,971 | -29,746 | 51,472 | - | - | - | - |
Deferred merchant bookings | |||||||||||
1,342,000 | 489,000 | 593,000 | 261,000 | 299,534 | 331,133 | 246,229 | 312,059 | 178,807 | -24,679 | 155,665 | -85,443 |
Deferred revenue | |||||||||||
-45,000 | 40,000 | 30,000 | 51,000 | -5,893 | 18,739 | 13,722 | 1,141 | -2,159 | 10 | 1,015 | 3,744 |
Net cash provided by operating activities | |||||||||||
2,767,000 | 1,975,000 | 1,845,000 | 1,549,000 | 1,368,045 | 1,366,959 | 763,200 | 1,237,182 | 825,729 | 605,387 | 573,901 | 520,688 |
Investing activities: | |||||||||||
Capital expenditures, including internal-use software and website development | |||||||||||
1,160,000 | 878,000 | 710,000 | 749,000 | 787,041 | 328,387 | 308,581 | 235,697 | 207,837 | 136,376 | 78,842 | 159,827 |
Purchases of investments | |||||||||||
1,346,000 | 1,803,000 | 1,811,000 | 45,000 | 521,329 | 1,194,210 | 1,216,591 | 1,873,519 | 1,723,350 | 970,339 | 45,903 | 92,923 |
Proceeds from sale of business, net of cash divested and disposal costs | |||||||||||
- | - | - | - | 523,882 | 0 | - | - | - | - | - | - |
Sales and maturities of investments | |||||||||||
852,000 | 2,137,000 | 1,096,000 | 61,000 | 410,923 | 1,162,557 | 1,502,576 | 1,955,955 | 1,507,240 | 366,036 | 93,092 | - |
Net settlement of foreign currency forwards | |||||||||||
- | - | - | - | -54,226 | 5,481 | -40,850 | 12,954 | 6,190 | -8,822 | -29,982 | 55,175 |
Acquisitions, net of cash and restricted cash acquired | |||||||||||
-80,000 | 53,000 | 169,000 | 1,000 | 2,063,649 | 560,668 | 541,247 | 199,360 | 35,221 | 16,019 | 36 | 538,439 |
Reclassification of Reserve Primary Fund holdings | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | -80,360 |
Distributions from Reserve Primary Fund | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 64,387 |
Other, net | |||||||||||
-21,000 | -38,000 | -13,000 | -16,000 | -11,728 | -1,932 | 2,520 | 2,250 | -1,898 | -3,529 | -12,034 | -2,779 |
Net cash used in investing activities | |||||||||||
-1,553,000 | -559,000 | -1,581,000 | -718,000 | -2,371,260 | -924,257 | -525,513 | -367,825 | -463,460 | -744,347 | 10,327 | -859,558 |
Financing activities: | |||||||||||
Changes in controlled subsidiaries, net | |||||||||||
28,000 | 62,000 | 18,000 | 208,000 | -8,518 | -3,272 | - | - | -22,485 | -77,929 | - | - |
Excess tax benefit on equity awards | |||||||||||
- | - | - | - | 90,855 | 58,156 | 39,606 | 41,100 | 7,271 | 6,940 | 1,432 | 3,191 |
Payment of long-term debt | |||||||||||
0 | 500,000 | 0 | 0 | - | - | - | - | - | - | - | - |
Payment of Liberty Expedia Exchangeable Debentures | |||||||||||
400,000 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Proceeds from issuance of long-term debt, net of issuance costs | |||||||||||
1,231,000 | 0 | 990,000 | -2,000 | 1,441,860 | 492,894 | - | - | - | 742,470 | - | 392,348 |
Payment of HomeAway Convertible Notes | |||||||||||
- | - | - | 401,000 | 0 | 0 | - | - | - | - | - | - |
Revolving credit facility borrowings | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 740,000 |
Credit facility repayments | |||||||||||
- | - | - | - | - | - | - | - | - | - | 650,000 | 675,000 |
Purchases of treasury stock | |||||||||||
743,000 | 923,000 | 312,000 | 456,000 | 60,546 | 537,861 | 522,900 | 417,571 | 294,027 | 501,993 | 7,963 | 12,865 |
Proceeds from issuance of treasury stock | |||||||||||
0 | 31,000 | 0 | 0 | 22,575 | 20,404 | 25,273 | - | - | - | - | - |
Payments of Ordinary Dividends | |||||||||||
195,000 | 186,000 | 176,000 | 150,000 | 108,527 | 84,697 | 75,760 | 130,423 | 76,550 | 79,076 | - | - |
Proceeds from exercise of equity awards and employee stock purchase plan | |||||||||||
301,000 | 166,000 | 229,000 | 141,000 | 97,716 | 108,121 | 56,836 | 241,193 | 34,489 | 50,615 | 15,794 | 6,353 |
Withholding taxes for stock option exercises | |||||||||||
- | - | - | - | 85,033 | 0 | - | - | - | - | - | - |
Changes in restricted cash and cash equivalents | |||||||||||
- | - | - | - | - | - | - | - | - | - | -11,191 | 11,753 |
Other, net | |||||||||||
9,000 | -15,000 | -25,000 | -31,000 | 13,817 | -5,596 | -15,571 | -7,086 | -2,192 | -13,167 | -8,991 | -979 |
Effect of exchange rate changes on cash, cash equivalents and restricted cash and cash equivalents | |||||||||||
3,000 | -139,000 | 147,000 | -35,000 | -127,385 | -109,184 | -30,936 | 15,064 | -17,743 | -19,880 | 9,279 | -77,905 |
Net cash used in financing activities | |||||||||||
175,000 | -1,489,000 | 688,000 | -691,000 | 1,404,199 | 48,149 | -492,516 | -272,787 | -353,494 | 127,860 | -660,919 | 464,801 |
Net cash provided by (used in) continuing operations | |||||||||||
- | - | - | - | - | - | -254,829 | 596,570 | 8,775 | -11,100 | -76,691 | - |
Net cash provided by operating activities from discontinued operations | |||||||||||
- | - | - | - | - | - | - | - | - | - | 102,103 | - |
Net cash used in investing activities from discontinued operations | |||||||||||
- | - | - | - | - | - | - | - | - | - | -58,146 | - |
Net cash provided by (used in) financing activities from discontinued operations | |||||||||||
- | - | - | - | - | - | - | - | - | - | 587 | - |
Effect of a change in cash and cash equivalents of discontinued operations | |||||||||||
- | - | - | - | - | - | - | - | - | - | -23,363 | - |
Net cash provided by discontinued operations | |||||||||||
- | - | - | - | - | - | 13,637 | -7,607 | 76,903 | 40,999 | 21,181 | - |
Net increase in cash, cash equivalents and restricted cash and cash equivalents | |||||||||||
1,392,000 | -212,000 | 1,099,000 | 105,000 | 273,599 | 381,667 | -272,128 | 604,027 | 67,935 | 10,019 | -46,231 | 48,026 |
Supplemental cash flow information | |||||||||||
Cash paid for interest | |||||||||||
157,000 | 196,000 | 163,000 | 154,000 | 109,507 | 87,555 | 84,136 | 86,024 | 87,094 | 44,379 | 44,629 | 53,459 |
Income tax payments, net | |||||||||||
304,000 | 282,000 | 174,000 | 124,000 | 96,834 | 70,339 | 73,439 | 9,632 | 53,772 | 97,371 | 147,992 | 179,273 |