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10-Q Filing

EXPEDIA GROUP, INC. CIK: 1324424 Q1 2017
Filing Information
Form Type 10-Q
Accession Number 0001324424-17-000015
Period End Date 20170331
Filing Date 20170428
Fiscal Year 2017
Fiscal Period Q1
XBRL Instance expe-20170331.xml
Filing Contents
Balance Sheet 70 line items
Line Item Tag Value Unit Period
Accounts receivable, allowance AllowanceForDoubtfulAccountsReceivableCurrent $27.68M USD Point-in-time
Accounts receivable, allowance AllowanceForDoubtfulAccountsReceivableCurrent $25.28M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $2.06B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.80B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $2.50B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.68B USD Point-in-time
Restricted cash and cash equivalents RestrictedCashAndCashEquivalentsAtCarryingValue $34.45M USD Point-in-time
Restricted cash and cash equivalents RestrictedCashAndCashEquivalentsAtCarryingValue $18.73M USD Point-in-time
Short-term investments ShortTermInvestments $851.41M USD Point-in-time
Short-term investments ShortTermInvestments $72.31M USD Point-in-time
Treasury stock - Common stock, Shares TreasuryStockShares 87.46M shares Point-in-time
Accounts receivable, net of allowance of $27,677 and $25,278 AccountsReceivableNetCurrent $1.58B USD Point-in-time
Treasury stock - Common stock, Shares TreasuryStockShares 87.08M shares Point-in-time
Accounts receivable, net of allowance of $27,677 and $25,278 AccountsReceivableNetCurrent $1.34B USD Point-in-time
Income taxes receivable IncomeTaxesReceivable $19.40M USD Point-in-time
Income taxes receivable IncomeTaxesReceivable $127.70M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $231.96M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $199.75M USD Point-in-time
Total current assets AssetsCurrent $3.45B USD Point-in-time
Total current assets AssetsCurrent $5.33B USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $1.39B USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $1.42B USD Point-in-time
Long-term investments and other assets InvestmentsAndOtherNoncurrentAssets $528.24M USD Point-in-time
Long-term investments and other assets InvestmentsAndOtherNoncurrentAssets $520.06M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetNoncurrent $23.66M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetNoncurrent $23.91M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $2.39B USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $2.45B USD Point-in-time
Goodwill Goodwill $7.98B USD Point-in-time
Goodwill Goodwill $7.94B USD Point-in-time
TOTAL ASSETS Assets $17.67B USD Point-in-time
TOTAL ASSETS Assets $15.78B USD Point-in-time
Accounts payable, merchant AccountsPayableMerchant $1.42B USD Point-in-time
Accounts payable, merchant AccountsPayableMerchant $1.51B USD Point-in-time
Accounts payable, other AccountsPayableOtherCurrent $686.56M USD Point-in-time
Accounts payable, other AccountsPayableOtherCurrent $577.01M USD Point-in-time
Deferred merchant bookings DeferredMerchantBookings $2.62B USD Point-in-time
Deferred merchant bookings DeferredMerchantBookings $4.43B USD Point-in-time
Deferred revenue DeferredRevenueCurrent $282.52M USD Point-in-time
Deferred revenue DeferredRevenueCurrent $369.72M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $78.93M USD Point-in-time
Income taxes payable AccruedIncomeTaxesCurrent $49.74M USD Point-in-time
Accrued expenses and other current liabilities AccruedLiabilitiesCurrent $1.04B USD Point-in-time
Accrued expenses and other current liabilities AccruedLiabilitiesCurrent $1.09B USD Point-in-time
Total current liabilities LiabilitiesCurrent $6.13B USD Point-in-time
Total current liabilities LiabilitiesCurrent $8.02B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $3.17B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $3.16B USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $496.20M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $484.97M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $312.94M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $323.14M USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $8.79B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $8.90B USD Point-in-time
Treasury stock - Common stock, at cost; Shares: 87,464 and 87,077 TreasuryStockValue $4.51B USD Point-in-time
Treasury stock - Common stock, at cost; Shares: 87,464 and 87,077 TreasuryStockValue $4.56B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $129.03M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $666.00K USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-251.41M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-280.40M USD Point-in-time
Total Expedia, Inc. stockholders equity StockholdersEquity $4.09B USD Point-in-time
Total Expedia, Inc. stockholders equity StockholdersEquity $4.13B USD Point-in-time
Non-redeemable noncontrolling interests NonredeemableNoncontrollingInterest $1.56B USD Point-in-time
Non-redeemable noncontrolling interests NonredeemableNoncontrollingInterest $1.57B USD Point-in-time
Total stockholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.66B USD Point-in-time
Total stockholders equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $5.69B USD Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY LiabilitiesAndStockholdersEquity $17.67B USD Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY LiabilitiesAndStockholdersEquity $15.78B USD Point-in-time
Income Statement 50 line items
Line Item Tag Value Unit Period
Revenue SalesRevenueNet $1.90B USD 1 Quarter
Revenue SalesRevenueNet $2.19B USD 1 Quarter
Cost of revenue CostOfRevenue $421.69M USD 1 Quarter
Cost of revenue CostOfRevenue $402.57M USD 1 Quarter
Selling and marketing SellingAndMarketingExpense $1.27B USD 1 Quarter
Selling and marketing SellingAndMarketingExpense $1.04B USD 1 Quarter
Technology and content TechnologyandContentExpense $291.55M USD 1 Quarter
Technology and content TechnologyandContentExpense $322.04M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $158.15M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $146.01M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $90.00M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $66.68M USD 1 Quarter
Legal reserves, occupancy tax and other LegalReservesOccupancyTaxAndOther $1.97M USD 1 Quarter
Legal reserves, occupancy tax and other LegalReservesOccupancyTaxAndOther $21.05M USD 1 Quarter
Restructuring and related reorganization charges RestructuringCharges $29.80M USD 1 Quarter
Restructuring and related reorganization charges RestructuringCharges $1.90M USD 1 Quarter
Operating loss OperatingIncomeLoss $-72.83M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $47.21M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $48.91M USD 1 Quarter
Operating loss OperatingIncomeLoss $-97.30M USD 1 Quarter
Interest income InvestmentIncomeInterest $3.57M USD 1 Quarter
Interest income InvestmentIncomeInterest $6.26M USD 1 Quarter
Interest expense InterestExpense $42.98M USD 1 Quarter
Interest expense InterestExpense $43.96M USD 1 Quarter
Other, net OtherNonoperatingIncomeExpense $-21.70M USD 1 Quarter
Other, net OtherNonoperatingIncomeExpense $-28.20M USD 1 Quarter
Total other expense, net NonoperatingIncomeExpense $-68.59M USD 1 Quarter
Total other expense, net NonoperatingIncomeExpense $-58.42M USD 1 Quarter
Loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-165.89M USD 1 Quarter
Loss before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-131.25M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $-46.72M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $-57.35M USD 1 Quarter
Net loss ProfitLoss $-108.53M USD 1 Quarter
Net loss ProfitLoss $-84.54M USD 1 Quarter
Net income attributable to non-controlling interests NetIncomeLossAttributableToNoncontrollingInterest $57.00K USD 1 Quarter
Net income attributable to non-controlling interests NetIncomeLossAttributableToNoncontrollingInterest $1.58M USD 1 Quarter
Net loss attributable to Expedia, Inc. NetIncomeLoss $-86.12M USD 1 Quarter
Net loss attributable to Expedia, Inc. NetIncomeLoss $-108.59M USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $-0.72 USD 1 Quarter
Basic (in dollars per share) EarningsPerShareBasic $-0.57 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $-0.72 USD 1 Quarter
Diluted (in dollars per share) EarningsPerShareDiluted $-0.57 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 151.05M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 150.53M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 150.53M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 151.05M shares 1 Quarter
Dividends declared per common share (in dollars per share) CommonStockDividendsPerShareDeclared $0.28 USD Point-in-time
Dividends declared per common share (in dollars per share) CommonStockDividendsPerShareDeclared $0.28 USD 1 Quarter
Dividends declared per common share (in dollars per share) CommonStockDividendsPerShareDeclared $0.24 USD 1 Quarter
Dividends declared per common share (in dollars per share) CommonStockDividendsPerShareDeclared $0.24 USD Point-in-time
Cash Flow Statement 74 line items
Line Item Tag Value Unit Period
Net loss ProfitLoss $-108.53M USD 1 Quarter
Net loss ProfitLoss $-84.54M USD 1 Quarter
Depreciation of property and equipment, including internal-use software and website development Depreciation $105.25M USD 1 Quarter
Depreciation of property and equipment, including internal-use software and website development Depreciation $141.55M USD 1 Quarter
Amortization of stock-based compensation ShareBasedCompensation $47.21M USD 1 Quarter
Amortization of stock-based compensation ShareBasedCompensation $48.91M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $90.00M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $66.68M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $21.89M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $13.68M USD 1 Quarter
Foreign exchange (gain) loss on cash, cash equivalents and short-term investments, net ForeignExchangeGainLossOnCashCashEquivalentsAndShortTermInvestmentsNet $10.29M USD 1 Quarter
Foreign exchange (gain) loss on cash, cash equivalents and short-term investments, net ForeignExchangeGainLossOnCashCashEquivalentsAndShortTermInvestmentsNet $33.71M USD 1 Quarter
Realized (gain) loss on foreign currency forwards GainLossOnSaleOfDerivatives $-2.10M USD 1 Quarter
Realized (gain) loss on foreign currency forwards GainLossOnSaleOfDerivatives $-7.17M USD 1 Quarter
Other OtherNoncashIncomeExpense $8.45M USD 1 Quarter
Other OtherNoncashIncomeExpense $3.61M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $267.87M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $232.47M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInOtherOperatingAssets $51.75M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInOtherOperatingAssets $37.40M USD 1 Quarter
Accounts payable, merchant IncreaseDecreaseInAccountsPayableMerchant $42.42M USD 1 Quarter
Accounts payable, merchant IncreaseDecreaseInAccountsPayableMerchant $-86.89M USD 1 Quarter
Accounts payable, other, accrued expenses and other current liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities $65.03M USD 1 Quarter
Accounts payable, other, accrued expenses and other current liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities $55.45M USD 1 Quarter
Tax payable/receivable, net IncreaseDecreaseInIncomeTaxes $-118.99M USD 1 Quarter
Tax payable/receivable, net IncreaseDecreaseInIncomeTaxes $-86.14M USD 1 Quarter
Deferred merchant bookings IncreaseDecreaseInDeferredMerchantBookings $1.26B USD 1 Quarter
Deferred merchant bookings IncreaseDecreaseInDeferredMerchantBookings $1.81B USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $85.86M USD 1 Quarter
Deferred revenue IncreaseDecreaseInDeferredRevenue $55.97M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $1.11B USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $1.67B USD 1 Quarter
Capital expenditures, including internal-use software and website development PaymentsToAcquirePropertyPlantAndEquipment $167.58M USD 1 Quarter
Capital expenditures, including internal-use software and website development PaymentsToAcquirePropertyPlantAndEquipment $166.87M USD 1 Quarter
Purchases of investments PaymentsToAcquireInvestments - USD 1 Quarter
Purchases of investments PaymentsToAcquireInvestments $780.36M USD 1 Quarter
Sales and maturities of investments ProceedsFromSaleMaturityAndCollectionsOfInvestments $6.82M USD 1 Quarter
Sales and maturities of investments ProceedsFromSaleMaturityAndCollectionsOfInvestments $8.21M USD 1 Quarter
Net settlement of foreign currency forwards PaymentsForProceedsFromDerivativeInstrumentInvestingActivities $2.10M USD 1 Quarter
Net settlement of foreign currency forwards PaymentsForProceedsFromDerivativeInstrumentInvestingActivities $7.17M USD 1 Quarter
Other, net PaymentsForProceedsFromOtherInvestingActivities $-2.23M USD 1 Quarter
Other, net PaymentsForProceedsFromOtherInvestingActivities $2.00M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-949.58M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-159.24M USD 1 Quarter
Payment of HomeAway Convertible Notes PaymentOfConvertibleNotesFromRecentlyAcquiredSubsidiary $400.44M USD 1 Quarter
Payment of HomeAway Convertible Notes PaymentOfConvertibleNotesFromRecentlyAcquiredSubsidiary - USD 1 Quarter
Purchases of treasury stock PaymentsForRepurchaseOfCommonStock $187.02M USD 1 Quarter
Purchases of treasury stock PaymentsForRepurchaseOfCommonStock $45.18M USD 1 Quarter
Payment of dividends to stockholders PaymentsOfOrdinaryDividends $36.17M USD Point-in-time
Payment of dividends to stockholders PaymentsOfOrdinaryDividends $36.17M USD 1 Quarter
Payment of dividends to stockholders PaymentsOfOrdinaryDividends $42.25M USD 1 Quarter
Payment of dividends to stockholders PaymentsOfOrdinaryDividends $42.25M USD Point-in-time
Proceeds from exercise of equity awards and employee stock purchase plan ProceedsFromIssuanceOrSaleOfEquity $25.68M USD 1 Quarter
Proceeds from exercise of equity awards and employee stock purchase plan ProceedsFromIssuanceOrSaleOfEquity $57.78M USD 1 Quarter
Other, net ProceedsFromPaymentsForOtherFinancingActivities $-18.48M USD 1 Quarter
Other, net ProceedsFromPaymentsForOtherFinancingActivities $-14.99M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-612.95M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-48.12M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $30.68M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $50.89M USD 1 Quarter
Net increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $387.03M USD 1 Quarter
Net increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $706.42M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $2.06B USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $1.80B USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $2.50B USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $1.68B USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $2.06B USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $1.80B USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $2.50B USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $1.68B USD Point-in-time
Cash paid for interest InterestPaid $52.98M USD 1 Quarter
Cash paid for interest InterestPaid $72.03M USD 1 Quarter
Income tax payments, net IncomeTaxesPaidNet $25.13M USD 1 Quarter
Income tax payments, net IncomeTaxesPaidNet $39.20M USD 1 Quarter
Comprehensive Income 16 line items
Line Item Tag Value Unit Period
Currency translation adjustments, tax expense (benefit) OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax $11.00M USD 1 Quarter
Net loss ProfitLoss $-108.53M USD 1 Quarter
Net loss ProfitLoss $-84.54M USD 1 Quarter
Currency translation adjustments, tax expense (benefit) OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax $4.00M USD 1 Quarter
Currency translation adjustments, net of tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $6.65M USD 1 Quarter
Currency translation adjustments, net of tax OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $34.68M USD 1 Quarter
Unrealized gains (losses) on available for sale securities, net of tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $474.00K USD 1 Quarter
Unrealized gains (losses) on available for sale securities, net of tax OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $4.00K USD 1 Quarter
Other comprehensive income, net of tax OtherComprehensiveIncomeLossNetOfTax $34.68M USD 1 Quarter
Other comprehensive income, net of tax OtherComprehensiveIncomeLossNetOfTax $7.13M USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-49.86M USD 1 Quarter
Comprehensive loss ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-101.40M USD 1 Quarter
Less: Comprehensive income attributable to non-controlling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $9.66M USD 1 Quarter
Less: Comprehensive income attributable to non-controlling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $7.28M USD 1 Quarter
Comprehensive loss attributable to Expedia, Inc. ComprehensiveIncomeNetOfTax $-57.14M USD 1 Quarter
Comprehensive loss attributable to Expedia, Inc. ComprehensiveIncomeNetOfTax $-111.06M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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