Booking Holdings Q3 2024 10-Q Filed

TL;DR

Booking Holdings filed its Q3 10-Q, showing debt due through 2033. All good.

AI Summary

Booking Holdings Inc. filed its 10-Q for the period ending September 30, 2024. The filing details the company's financial performance and position, including various senior notes with maturities ranging from March 2025 to May 2033. The company, formerly known as Priceline Group Inc., is incorporated in Delaware and headquartered in Norwalk, CT.

Why It Matters

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

Risk Assessment

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

Key Numbers

• 2024-09-30 — Reporting Period End (The end date for the financial data presented in the 10-Q.)
• 2025 — Senior Notes Maturity (Indicates the earliest maturity date for senior notes listed in the filing.)
• 2033 — Senior Notes Maturity (Indicates the latest maturity date for senior notes listed in the filing.)

Key Players & Entities

• Booking Holdings Inc. (company) — Filer
• Priceline Group Inc. (company) — Former company name
• 2024-09-30 (date) — Reporting period end date
• March 2025 (date) — Maturity date of a senior note
• May 2033 (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-20240930.htm (10-Q) — 1502KB
• bkng93024ex311.htm (EX-31.1) — 15KB
• bkng93024ex312.htm (EX-31.2) — 15KB
• bkng93024ex321.htm (EX-32.1) — 7KB
• bkng93024ex322.htm (EX-32.2) — 7KB
• bkng-20240930_g1.jpg (GRAPHIC) — 83KB
• bkng-20240930_g2.jpg (GRAPHIC) — 63KB
• 0001075531-24-000048.txt ( ) — 8467KB
• bkng-20240930.xsd (EX-101.SCH) — 47KB
• bkng-20240930_cal.xml (EX-101.CAL) — 63KB
• bkng-20240930_def.xml (EX-101.DEF) — 310KB
• bkng-20240930_lab.xml (EX-101.LAB) — 583KB
• bkng-20240930_pre.xml (EX-101.PRE) — 425KB
• bkng-20240930_htm.xml (XML) — 1445KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Financial Statements 4

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 27

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 27

Quantitative and Qualitative Disclosures About Market Risk 41

Item 3. Quantitative and Qualitative Disclosures About Market Risk 41

Controls and Procedures 41

Item 4. Controls and Procedures 41

- OTHER INFORMATION

PART II - OTHER INFORMATION

Legal Proceedings 42

Item 1. Legal Proceedings 42

Risk Factors 42

Item 1A. Risk Factors 42

Unregistered Sales of Equity Securities and Use of Proceeds 42

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 42

Exhibits 43

Item 6. Exhibits 43 SIGNATURES 44 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) September 30, 2024 December 31, 2023 (Unaudited) ASSETS Current assets: Cash and cash equivalents $ 15,775 $ 12,107 Short-term investments (Available-for-sale debt securities: Amortized cost of $ 580 at December 31, 2023) — 576 Accounts receivable, net (Allowance for expected credit losses of $ 131 and $ 137 , respectively) 3,649 3,253 Prepaid expenses, net 490 644 Other current assets 615 454 Total current assets 20,529 17,034 Property and equipment, net 882 784 Operating lease assets 600 705 Intangible assets, net 1,450 1,613 Goodwill 2,838 2,826 Long-term investments 500 440 Other assets, net 1,179 940 Total assets $ 27,978 $ 24,342 LIABILITIES AND STOCKHOLDERS' DEFICIT Current liabilities: Accounts payable $ 4,065 $ 3,480 Accrued expenses and other current liabilities 5,287 4,635 Deferred merchant bookings 4,907 3,254 Short-term debt 2,419 1,961 Total current liabilities 16,678 13,330 Deferred income taxes 191 258 Operating lease liabilities 508 599 Long-term U.S. transition tax liability 257 515 Other long-term liabilities 204 161 Long-term debt 13,793 12,223 Total liabilities 31,631 27,086 Commitments and contingencies (see Note 13) Stockholders' deficit: Common stock, $ 0.008 par value, Authorized shares: 1,000,000,000 Issued shares: 64,265,798 and 64,048,000 , respectively — — Treasury stock: 31,089,462 and 29,650,351 shares, respectively ( 46,734 ) ( 41,426 ) Additional paid-in capital 7,635 7,175 Retained earnings 35,749 31,830 Accumulated other comprehensive loss ( 303 ) ( 323 ) Total stockholders' deficit ( 3,653 ) ( 2,744 ) Total liabilities and stockholders' deficit $ 27,978 $ 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 Month

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