| Dec'18 | Dec'17 | Dec'16 | ||||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net earnings (loss) | ||||||
-643 | -2,005 | 2,072 | ||||
Adjustments to reconcile net earnings to net cash provided by operating activities: | ||||||
Depreciation and amortization | ||||||
1,936 | 2,266 | 481 | ||||
Stock-based compensation | ||||||
210 | 126 | 47 | ||||
Cash payments for stock-based compensation | ||||||
- | - | -2 | ||||
Noncash interest expense | ||||||
60 | 64 | 9 | ||||
Share of (earnings) losses of Expedia | ||||||
- | - | 26 | ||||
Cash receipts from returns on investment in Expedia | ||||||
- | - | 17 | ||||
Gain on consolidation of Expedia | ||||||
- | - | 2,005 | ||||
Impairment of goodwill | ||||||
544 | 2,197 | - | ||||
Realized (gain) loss on foreign currency forwards | ||||||
31 | 6 | -10 | ||||
(Gain) loss on equity securities | ||||||
-111 | - | -2 | ||||
Foreign exchange (gain) loss on cash, cash equivalents and short-term investments, net | ||||||
-111 | 77 | 1 | ||||
Deferred income tax expense (benefit) | ||||||
-610 | -1,287 | -469 | ||||
Other noncash charges (credits), net | ||||||
-7 | 14 | -17 | ||||
Changes in operating assets and liabilities | ||||||
Current and other assets | ||||||
305 | 517 | -169 | ||||
Payables and other liabilities | ||||||
690 | 1,224 | -137 | ||||
Net cash provided (used) by operating activities | ||||||
1,960 | 1,843 | 166 | ||||
Capital expended for property and equipment and capitalized software | ||||||
884 | 719 | 125 | ||||
Purchases of short-term marketable securities and other investments | ||||||
1,828 | 1,811 | - | ||||
Sales of short-term marketable securities | ||||||
2,137 | 1,097 | - | ||||
Net settlement of foreign currency forwards | ||||||
- | - | 10 | ||||
Acquisitions by subsidiary, net of cash acquired | ||||||
53 | 170 | - | ||||
Expedia cash acquired in consolidation | ||||||
- | - | 1,746 | ||||
Other, net | ||||||
-53 | -13 | -3 | ||||
Net cash provided (used) by investing activities | ||||||
-575 | -1,590 | 1,614 | ||||
Borrowings of debt | ||||||
230 | 1,682 | 743 | ||||
Repayments of debt | ||||||
744 | 656 | 415 | ||||
Shares issued by subsidiary | ||||||
166 | 229 | 15 | ||||
Contribution from (distribution to) former parent, net | ||||||
- | 1 | -316 | ||||
Shares repurchased by subsidiary | ||||||
923 | 312 | 89 | ||||
Dividends paid by subsidiary | ||||||
157 | 149 | 32 | ||||
Sales of interest in controlled subsidiaries, net | ||||||
-62 | -18 | 214 | ||||
Other financing activities, net | ||||||
-13 | -18 | 3 | ||||
Net cash provided (used) by financing activities | ||||||
-1,503 | 759 | 123 | ||||
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash | ||||||
-139 | 147 | -33 | ||||
Net increase (decrease) in cash, cash equivalents and restricted cash | ||||||
-257 | 1,159 | 1,870 | ||||
Supplemental Cash Flow Information | ||||||
Cash paid for interest | ||||||
200 | 170 | 3 | ||||
Cash paid for taxes | ||||||
280 | 113 | 21 | ||||