EXPEDIA GROUP, INC. EXPE Cash Flow

Expedia group, inc. (EXPE)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
-1,397,000	78,000	407,000	187,000	-100,000	25,000	531,000	-9,000	-149,000	53,000	349,000	54,000	-84,000	84,597	278,928	6,007	-108,532	-12,886	276,237	426,836	32,561	56,279	250,621	85,854	-19,804	93,987	166,724	63,015	-107,368	6,902	169,731	106,109	-2,302	71,098	210,406	140,890	52,209	71,584	178,024	115,353	60,599
Less: Discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-193	1,543	0	-23,889	10,633	38,566	52,757	46,306	-	-	-	-
Net income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,095	168,188	106,109	21,587	60,465	171,840	88,133	5,903	-	-	-	-
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation
185,000	182,000	178,000	176,000	176,000	169,000	171,000	169,000	167,000	165,000	156,000	152,000	141,000	132,167	123,555	116,023	105,255	95,802	87,156	79,277	74,445	70,656	67,469	65,558	62,134	58,774	52,965	51,139	48,866	47,393	43,874	38,666	34,314	35,382	36,791	31,651	29,185	18,926	30,675	30,315	25,615
Share-based Payment Arrangement, Noncash Expense
55,000	66,000	60,000	59,000	56,000	49,000	54,000	50,000	50,000	45,000	7,000	50,000	47,000	44,398	48,263	100,431	48,908	44,032	63,656	41,494	28,886	16,872	22,304	21,014	24,821	20,970	18,039	16,086	75,078	15,686	15,338	16,621	16,951	24,513	13,023	11,513	14,798	5,943	13,021	14,651	18,892
Amortization and impairment of intangible assets
44,000	44,000	50,000	52,000	52,000	110,000	71,000	72,000	72,000	71,000	71,000	66,000	67,000	102,881	74,939	84,181	89,999	73,136	31,400	26,880	25,042	21,498	18,519	18,264	18,492	21,810	18,514	18,837	12,570	10,178	9,474	8,631	3,422	4,613	5,564	5,914	5,834	-2,984	8,126	8,344	9,028
Goodwill and Intangible Asset Impairment
886,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-108,000	-33,000	-43,000	-32,000	17,000	-27,000	-275,000	-94,000	88,000	-14,000	-91,000	-12,000	14,000	52,050	-90,157	2,221	21,886	20,993	-44,649	-1,457	3,478	-51,660	-26,562	-6,602	5,793	-3,635	-22,149	20,271	4,741	-71,339	7,663	-1,767	10,323	1,196	4,017	4,350	379	10,206	5,631	-3,618	6,962
Foreign exchange loss on cash, restricted cash and short-term investments, net
-98,000	45,000	-53,000	18,000	-5,000	-17,000	-9,000	-90,000	5,000	-3,000	24,000	48,000	10,000	-32,508	-7,408	-9,791	33,707	-13,239	-38,277	2,653	-39,665	-34,926	-60,230	11,392	4,354	-3,623	31,100	-42,454	-41,845	1,556	32,870	-26,543	12,021	969	-44,951	22,086	4,371	-12,808	29,041	-24,138	-13,083
Realized gain on foreign currency forwards
19,000	18,000	-12,000	9,000	7,000	-3,000	18,000	8,000	8,000	5,000	-6,000	14,000	-7,000	-18,485	-15,434	-16,979	-2,102	14,251	10,515	12,553	16,907	5,786	-7,677	-4,948	1,358	622	16,039	18,381	5,808	-4,443	-18,971	3,823	6,637	1,927	-4,620	-4,341	844	1,652	11,056	-5,648	1,762
(Gain) loss on minority equity investments, net
-188,000	21,000	-25,000	-10,000	22,000	-11,000	-39,000	-98,000	37,000	0	-8,000	-5,000	-1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-controlling interest basis adjustment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-2,076	79,476	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for credit losses and other, net
-105,000	5,000	3,000	6,000	7,000	5,000	-6,000	-24,000	3,000	6,000	8,000	6,000	10,000	-3,015	-1,400	4,802	3,613	-628	-6,822	-3,566	-4,849	-4,047	-10,026	-820	5,927	-1,804	2,099	-8,202	-2,669	-26	-2,723	-10,851	-3,921	-4,984	-6,695	-10,519	7,391	8,794	5,347	-18,424	4,777
Changes in operating assets and liabilities:
Accounts receivable
-1,086,000	-175,000	-199,000	274,000	468,000	-134,000	-60,000	131,000	345,000	28,000	-6,000	202,000	232,000	-21,258	-69,930	99,321	267,867	-183,356	-31,052	197,634	215,036	-119,099	-29,944	110,130	196,870	-82,791	2,700	56,584	150,834	-108,088	49,984	70,285	71,836	-12,511	-27,020	27,548	81,995	-91,302	8,510	20,097	85,135
Prepaid expenses and other assets
791,000	193,000	-7,000	-16,000	23,000	17,000	-84,000	39,000	57,000	-14,000	39,000	8,000	38,000	-6,995	-5,057	19,653	37,399	-70,518	-32,345	-18,722	23,884	9,393	10,884	21,217	23,709	4,498	-42,146	28,145	28,227	4,639	-14,747	-4,895	18,389	-11,560	-28,364	37,050	22,909	-116,467	-58,780	14,145	78,369
Accounts payable, merchant
-1,082,000	105,000	-152,000	232,000	39,000	-176,000	67,000	102,000	-127,000	57,000	62,000	284,000	-87,000	25,547	32,397	83,634	42,422	-105,635	-42,960	172,745	73,098	-115,759	58,160	136,521	31,681	-165,513	-44,552	128,548	173,020	-144,340	97,729	128,781	64,299	-112,620	-26,641	119,046	100,605	-121,652	27,796	82,450	61,054
Accounts payable, other, accrued expenses and other liabilities
-129,000	47,000	-229,000	290,000	146,000	25,000	-45,000	178,000	38,000	-41,000	19,000	214,000	65,000	-12,221	-63,147	98,922	55,446	-38,892	34,744	184,129	14,477	-18,071	52,715	162,092	74,718	-18,940	-58,769	-58,833	68,303	90,121	80,591	126,002	-2,248	-12,970	29,952	74,224	-26,054	-32,963	-18,167	69,559	-15,216
Tax payable/receivable, net
-32,000	-17,000	137,000	26,000	-169,000	-39,000	300,000	19,000	-178,000	-1,000	129,000	-72,000	-86,000	-42,479	133,427	-71,958	-118,990	-25,121	85,764	62,346	-83,213	36,267	46,468	14,331	-57,095	1,999	52,746	-43,231	-41,260	-	-	-	-	-	-	-	-	-	-	-	-
Deferred merchant bookings
226,000	37,000	-1,421,000	441,000	2,285,000	-468,000	-1,311,000	241,000	2,027,000	-425,000	-1,012,000	223,000	1,807,000	-461,768	-788,810	255,139	1,256,439	-473,253	-706,476	313,790	1,165,473	-363,697	-480,292	129,445	1,045,677	-301,759	-400,761	170,340	778,409	-322,705	-323,302	155,609	802,457	-217,673	-414,260	133,143	677,597	-359,455	-246,665	-11,128	592,569
Deferred revenue
-99,000	-61,000	-141,000	-12,000	169,000	19,000	-114,000	-8,000	143,000	11,000	-82,000	15,000	86,000	-11,970	-33,184	40,180	55,974	-12,354	-3,358	2,213	7,606	2,037	-4,535	3,998	17,239	-3,006	2,842	4,801	9,085	-6,649	171	5,946	1,673	-2,034	225	-2,264	1,914	-12,003	1,117	3,466	7,430
Net cash provided by operating activities
-784,000	341,000	-861,000	1,138,000	2,149,000	-145,000	-371,000	815,000	1,676,000	-101,000	-443,000	701,000	1,688,000	5,322	-182,419	617,774	1,108,323	-173,481	-120,505	610,967	1,051,064	-199,843	101,860	493,504	971,438	-212,215	-224,193	318,519	881,089	-216,726	53,313	552,779	847,816	-192,969	-67,839	393,886	692,651	-332,330	4,384	313,806	619,527
Investing activities:
Capital expenditures, including internal-use software and website development
287,000	296,000	291,000	299,000	274,000	244,000	223,000	219,000	192,000	184,000	169,000	190,000	167,000	181,956	187,063	212,403	167,578	161,602	156,712	366,077	102,650	88,709	82,465	82,464	74,749	73,165	77,576	70,684	87,156	58,717	59,763	66,403	50,814	49,970	59,251	52,530	46,086	23,052	40,196	43,453	29,675
Purchases of investments
285,000	63,000	647,000	198,000	438,000	89,000	45,000	802,000	867,000	98,000	722,000	211,000	780,000	24,554	0	20,446	0	9,000	6,220	160,066	346,043	149,545	18,611	530,677	495,377	77,434	9,368	531,662	598,127	342,770	523,004	714,555	293,190	543,795	326,110	176,877	676,568	166,764	374,092	358,172	71,311
Sales and maturities of investments
585,000	217,000	608,000	27,000	0	445,000	1,068,000	307,000	317,000	175,000	746,000	169,000	6,000	29,363	8,879	14,543	8,215	18,652	165,946	97,306	129,019	205,210	537,869	283,809	135,669	164,514	565,245	527,573	245,244	711,890	569,750	433,674	240,641	460,845	613,529	135,571	297,295	272,624	46,500	1,076	45,836
Net settlement of foreign currency forwards
-	-	-	-	-	-	-	-	-	-	-	-14,000	7,000	-	15,434	16,979	2,102	-14,251	-10,515	-12,553	-16,907	-5,786	7,677	4,948	-1,358	-622	-16,039	-18,381	-5,808	4,443	18,971	-3,823	-6,637	-1,927	4,620	4,341	-844	-1,652	-11,056	5,648	-1,762
Acquisitions, net of cash and restricted cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	129,828	1,606,459	1,274	326,088	-	-	-	-	758	0	0	540,489	-	-	-	-	-	-	-	-	-20,334	0	36,107	246
Distributions from Reserve Primary Fund
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,482
Other, net
-19,000	-18,000	13,000	-10,000	-6,000	3,000	-19,000	-8,000	-14,000	-5,000	-8,000	-2,000	2,000	-13,778	0	8	-2,230	-63	-1,230	-8,628	-1,807	256	198	-2,890	504	-	-	-	-	47	204	968	1,031	-859	-6	-603	-430	-71	1,142	-5,276	676
Net cash used in investing activities
32,000	-124,000	-263,000	-460,000	-706,000	96,000	779,000	-706,000	-728,000	-102,000	-177,000	-352,000	-950,000	-129,077	-194,395	-235,293	-159,235	-267,464	-1,595,030	118,282	-627,048	-563,005	403,741	-331,390	-433,603	11,436	494,206	-56,435	-974,720	304,951	-31,323	-543,696	-97,757	-157,279	223,553	-105,649	-424,085	104,865	-357,874	-442,510	-48,828
Financing activities:
Excess tax benefit on equity awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,392	16,378	59,026	10,059	19,804	10,958	5,611	21,783	6,238	4,541	9,448	19,379	12,667	11,513	9,428	7,492	2,030	1,628	2,526	1,087	465	1,422	860	4,193
Payment of HomeAway Convertible Notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-424	981	0	400,443	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revolving credit facility borrowings
1,900,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of treasury stock
410,000	391,000	323,000	4,000	25,000	303,000	194,000	224,000	202,000	158,000	40,000	69,000	45,000	89,277	38,412	141,289	187,022	11,852	3,769	2	44,923	68,594	130,247	217,155	121,865	167,211	221,451	16,566	117,672	51,534	68,333	99,540	198,164	85,334	159,466	1,299	47,928	107,590	195,899	953	197,551
Proceeds from issuance of treasury stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	25,273	-	-	-	-	-	-	-	-	-	-	-	-
Payments of Ordinary Dividends
48,000	50,000	50,000	48,000	47,000	48,000	47,000	45,000	46,000	46,000	45,000	43,000	42,000	38,991	39,062	35,773	36,174	31,354	31,182	23,096	22,895	22,920	22,944	19,231	19,602	19,680	20,459	17,638	17,983	87,953	18,061	12,205	12,204	18,818	19,148	19,232	19,352	19,251	19,703	19,902	20,220
Proceeds from exercise of equity awards and employee stock purchase plan
86,000	24,000	121,000	65,000	91,000	28,000	71,000	47,000	20,000	49,000	43,000	79,000	58,000	37,240	33,983	44,097	25,680	14,418	24,215	30,072	29,011	28,631	26,334	15,462	37,694	14,143	8,080	14,203	20,410	8,535	7,888	192,969	31,801	11,362	9,378	10,464	3,285	11,674	8,311	4,665	25,965
Changes in restricted cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,362	-1,657	-5,716	-	1,236	1,485	-3,692
Other, net
-11,000	17,000	-10,000	0	2,000	50,000	-59,000	2,000	-8,000	-2,000	-4,000	0	-19,000	7,109	-20,544	-2,573	-14,992	-30,101	34,932	6,902	2,084	-4,005	-3,284	-2,093	3,786	-5,651	-1,034	-1,128	-7,758	-2,590	970	-1,290	-4,176	-4,374	-138	1,179	1,141	1,193	-3,447	-1,710	-9,203
Effect of exchange rate changes on cash, cash equivalents and restricted cash and cash equivalents
-141,000	65,000	-82,000	31,000	-11,000	-20,000	-13,000	-123,000	17,000	5,000	43,000	68,000	31,000	-63,718	-8,427	-13,748	50,893	-17,486	-55,023	9,893	-64,769	-56,512	-61,120	5,046	3,402	-525	29,354	-21,384	-38,381	9,068	17,430	-27,607	16,173	-4,464	-33,879	11,831	8,769	1,290	26,735	-32,631	-15,274
Net cash used in financing activities
1,517,000	-432,000	573,000	13,000	21,000	-335,000	-698,000	-220,000	-236,000	-173,000	942,000	-33,000	-48,000	124,297	-66,808	-135,538	-612,951	679,391	38,768	712,704	-26,664	-30,688	374,447	-217,406	-78,204	-172,161	-230,323	-11,681	-78,351	-118,860	-68,038	89,362	-175,251	-184,234	-164,384	62,607	-67,483	-113,132	481,772	-40,272	-200,508
Net cash provided by (used in) continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-30,635	-46,048	98,445	574,808	-534,482	-8,670	350,844	201,083	-	-	-	-
Net cash provided by discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-7,607	-37,509	10,853	63,357	40,202	-	-	-	-
Net increase in cash, cash equivalents and restricted cash and cash equivalents
624,000	-150,000	-633,000	722,000	1,453,000	-404,000	-303,000	-234,000	729,000	-371,000	365,000	384,000	721,000	-63,176	-452,049	233,195	387,030	220,960	-1,731,790	1,451,846	332,583	-850,048	818,928	-50,246	463,033	-373,465	82,681	229,019	-210,363	-21,567	-28,618	70,838	583,374	-576,455	-31,696	426,032	250,054	-298,308	155,017	-201,607	354,917
Supplemental cash flow information
Cash paid for interest
87,000	1,000	69,000	16,000	71,000	0	90,000	20,000	86,000	1,000	72,000	18,000	72,000	1,992	79,194	19,832	52,982	3,063	52,559	443	53,442	1,206	43,283	1,257	41,809	477	41,766	425	41,468	769	41,814	774	42,667	187	42,333	1,183	43,391	-31,000	37,043	819	37,517
Income tax payments, net
56,000	88,000	59,000	52,000	105,000	94,000	52,000	69,000	67,000	39,000	28,000	82,000	25,000	20,099	13,929	50,770	39,202	9,126	8,036	11,211	68,461	27,911	5,798	6,948	29,682	20,889	10,753	39,245	2,552	10,216	3,013	13,634	-17,231	37,535	8,955	4,173	3,109	-32,972	84,208	41,095	5,040