Booking Holdings Files Q2 2024 10-Q

TL;DR

Booking Holdings Q2 10-Q is in: lots of senior notes due through 2032.

AI Summary

Booking Holdings Inc. filed its 10-Q for the period ending June 30, 2024. The company, formerly known as Priceline Group Inc., reported on its financial performance and debt obligations, including various senior notes due between September 2024 and March 2032.

Why It Matters

This filing provides investors with an update on Booking Holdings' financial health and debt structure, crucial for understanding the company's stability and future financial commitments.

Risk Assessment

Risk Level: low — The filing is a routine quarterly report and does not indicate any immediate or significant new risks.

Key Numbers

• 0001075531 — Central Index Key (Unique identifier for Booking Holdings Inc.)
• 001-36691 — SEC File Number (SEC filing number for Booking Holdings Inc.)

Key Players & Entities

• Booking Holdings Inc. (company) — Filer of the 10-Q
• Priceline Group Inc. (company) — Former name of Booking Holdings Inc.
• 20240630 (date) — End of the reporting period
• 20240801 (date) — Filing date
• September 2024 (date) — Maturity date of a senior note
• March 2032 (date) — Maturity date of a senior note

FAQ

Key Financial Figures

• $0.008 — ich registered: Common Stock par value $0.008 per share BKNG The NASDAQ Global Select

Filing Documents

• bkng-20240630.htm (10-Q) — 1508KB
• bkng63024ex311.htm (EX-31.1) — 15KB
• bkng63024ex312.htm (EX-31.2) — 15KB
• bkng63024ex321.htm (EX-32.1) — 7KB
• bkng63024ex322.htm (EX-32.2) — 7KB
• bkng-20240630_g1.jpg (GRAPHIC) — 25KB
• bkng-20240630_g2.jpg (GRAPHIC) — 20KB
• 0001075531-24-000041.txt ( ) — 8255KB
• bkng-20240630.xsd (EX-101.SCH) — 46KB
• bkng-20240630_cal.xml (EX-101.CAL) — 63KB
• bkng-20240630_def.xml (EX-101.DEF) — 310KB
• bkng-20240630_lab.xml (EX-101.LAB) — 582KB
• bkng-20240630_pre.xml (EX-101.PRE) — 424KB
• bkng-20240630_htm.xml (XML) — 1455KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Financial Statements 4

Item 1. Financial Statements 4 Consolidated Balance Sheets at June 30, 2024 (Unaudited) and December 31, 2023 4 Consolidated Statements of Operations (Unaudited) For the Three and Six Months Ended June 30, 2024 and 2023 5 Consolidated Statements of Comprehensive Income (Unaudited) For the Three and Six Months Ended June 30, 2024 and 2023 6 Consolidated Statements of Changes in Stockholders' Deficit (Unaudited) For the Three and Six Months Ended June 30, 2024 and 2023 7 Consolidated Statements of Cash Flows (Unaudited) For the Six Months Ended June 30, 2024 and 2023 9 Notes to Unaudited Consolidated Financial Statements 10

Management's Discussion and Analysis of Financial Condition and Results of Operations 26

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 26

Quantitative and Qualitative Disclosures About Market Risk 40

Item 3. Quantitative and Qualitative Disclosures About Market Risk 40

Controls and Procedures 40

Item 4. Controls and Procedures 40

- OTHER INFORMATION

PART II - OTHER INFORMATION

Legal Proceedings 41

Item 1. Legal Proceedings 41

Risk Factors 41

Item 1A. Risk Factors 41

Unregistered Sales of Equity Securities and Use of Proceeds 41

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 41

Other Information 41

Item 5. Other Information 41

Exhibits 42

Item 6. Exhibits 42 SIGNATURES 43 3

— FINANCIAL INFORMATION

PART I — FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements Booking Holdings Inc. CONSOLIDATED BALANCE SHEETS (In millions, except share and per share data) June 30, 2024 December 31, 2023 (Unaudited) ASSETS Current assets: Cash and cash equivalents $ 16,290 $ 12,107 Short-term investments (Available-for-sale debt securities: Amortized cost of $ 37 and $ 580 , respectively) 37 576 Accounts receivable, net (Allowance for expected credit losses of $ 111 and $ 137 , respectively) 3,814 3,253 Prepaid expenses, net 670 644 Other current assets 482 454 Total current assets 21,293 17,034 Property and equipment, net 875 784 Operating lease assets 637 705 Intangible assets, net 1,498 1,613 Goodwill 2,814 2,826 Long-term investments 468 440 Other assets, net 956 940 Total assets $ 28,541 $ 24,342 LIABILITIES AND STOCKHOLDERS' DEFICIT Current liabilities: Accounts payable $ 3,928 $ 3,480 Accrued expenses and other current liabilities 3,900 4,635 Deferred merchant bookings 6,931 3,254 Short-term debt 3,447 1,961 Total current liabilities 18,206 13,330 Deferred income taxes 264 258 Operating lease liabilities 529 599 Long-term U.S. transition tax liability 257 515 Other long-term liabilities 200 161 Long-term debt 13,361 12,223 Total liabilities 32,817 27,086 Commitments and contingencies (see Note 13) Stockholders' deficit: Common stock, $ 0.008 par value, Authorized shares: 1,000,000,000 Issued shares: 64,258,892 and 64,048,000 , respectively — — Treasury stock: 30,622,956 and 29,650,351 shares, respectively ( 44,958 ) ( 41,426 ) Additional paid-in capital 7,479 7,175 Retained earnings 33,527 31,830 Accumulated other comprehensive loss ( 324 ) ( 323 ) Total stockholders' deficit ( 4,276 ) ( 2,744 ) Total liabilities and stockholders' deficit $ 28,541 $ 24,342 See Notes to Unaudited Consolidated Financial Statements. 4 Booking Holdings Inc. UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except share and per share data) Three Months E

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