We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Expedia Group Inc | NASDAQ:EXPE | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.75 | -0.55% | 135.50 | 107.39 | 139.86 | 138.00 | 135.66 | 136.25 | 1,412,722 | 05:00:11 |
|
☒
|
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|
☐
|
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|
|
Delaware
|
|
20-2705720
|
(State or other jurisdiction of
incorporation or organization)
|
|
(I.R.S. Employer Identification No.)
|
Large accelerated filer
|
|
☒
|
|
Accelerated filer
|
|
☐
|
Non-accelerated filer
|
|
☐
|
|
Smaller reporting company
|
|
☐
|
Emerging growth company
|
|
☐
|
|
|
|
|
Title of each class
|
|
Trading symbol(s)
|
|
Name of each exchange on which registered
|
Common stock, $0.0001 par value
|
|
EXPE
|
|
The Nasdaq Global Select Market
|
Expedia Group, Inc. 2.500% Senior Notes due 2022
|
|
EXPE22
|
|
New York Stock Exchange
|
|
Common stock, $0.0001 par value per share
|
|
135,703,255
|
|
shares
|
|
Class B common stock, $0.0001 par value per share
|
|
5,523,452
|
|
shares
|
|
|
|
|
|
|
|
|
Part I
|
|
|
|
|
|
Item 1
|
|
|
|
|
|
|
||
|
|
|
|
||
|
|
|
|
||
|
|
|
|
||
|
|
|
|
||
|
|
|
|
||
|
|
|
Item 2
|
||
|
|
|
Item 3
|
||
|
|
|
Item 4
|
||
|
|
|
Part II
|
|
|
|
|
|
Item 1
|
||
|
|
|
Item 1A
|
||
|
|
|
Item 2
|
||
|
|
|
Item 6
|
||
|
Three months ended
June 30, |
|
Six months ended
June 30, |
||||||||||||
|
2020
|
|
2019
|
|
2020
|
|
2019
|
||||||||
|
|
|
|
|
|
|
|
||||||||
Revenue
|
$
|
566
|
|
|
$
|
3,153
|
|
|
$
|
2,775
|
|
|
$
|
5,762
|
|
Costs and expenses:
|
|
|
|
|
|
|
|
||||||||
Cost of revenue (exclusive of depreciation and amortization shown separately below) (1)
|
389
|
|
|
500
|
|
|
1,018
|
|
|
990
|
|
||||
Selling and marketing (1)
|
296
|
|
|
1,643
|
|
|
1,506
|
|
|
3,164
|
|
||||
Technology and content (1)
|
255
|
|
|
304
|
|
|
563
|
|
|
601
|
|
||||
General and administrative (1)
|
152
|
|
|
205
|
|
|
339
|
|
|
389
|
|
||||
Depreciation and amortization
|
232
|
|
|
228
|
|
|
461
|
|
|
456
|
|
||||
Impairment of goodwill
|
20
|
|
|
—
|
|
|
785
|
|
|
—
|
|
||||
Impairment of intangible assets
|
10
|
|
|
—
|
|
|
131
|
|
|
—
|
|
||||
Legal reserves, occupancy tax and other
|
8
|
|
|
4
|
|
|
(13
|
)
|
|
14
|
|
||||
Restructuring and related reorganization charges
|
53
|
|
|
4
|
|
|
128
|
|
|
14
|
|
||||
Operating income (loss)
|
(849
|
)
|
|
265
|
|
|
(2,143
|
)
|
|
134
|
|
||||
Other income (expense):
|
|
|
|
|
|
|
|
||||||||
Interest income
|
3
|
|
|
17
|
|
|
13
|
|
|
28
|
|
||||
Interest expense
|
(95
|
)
|
|
(39
|
)
|
|
(145
|
)
|
|
(80
|
)
|
||||
Other, net
|
(12
|
)
|
|
(8
|
)
|
|
(157
|
)
|
|
12
|
|
||||
Total other expense, net
|
(104
|
)
|
|
(30
|
)
|
|
(289
|
)
|
|
(40
|
)
|
||||
Income (loss) before income taxes
|
(953
|
)
|
|
235
|
|
|
(2,432
|
)
|
|
94
|
|
||||
Provision for income taxes
|
213
|
|
|
(48
|
)
|
|
295
|
|
|
(7
|
)
|
||||
Net income (loss)
|
(740
|
)
|
|
187
|
|
|
(2,137
|
)
|
|
87
|
|
||||
Net (income) loss attributable to non-controlling interests
|
4
|
|
|
(4
|
)
|
|
100
|
|
|
(7
|
)
|
||||
Net income (loss) attributable to Expedia Group, Inc.
|
(736
|
)
|
|
183
|
|
|
(2,037
|
)
|
|
80
|
|
||||
Preferred stock dividend
|
(17
|
)
|
|
—
|
|
|
(17
|
)
|
|
—
|
|
||||
Net income (loss) attributable to Expedia Group, Inc. common stockholders
|
$
|
(753
|
)
|
|
$
|
183
|
|
|
$
|
(2,054
|
)
|
|
$
|
80
|
|
|
|
|
|
|
|
|
|
||||||||
Earnings (loss) per share attributable to Expedia Group, Inc. available to common stockholders
|
|
|
|
|
|
|
|
||||||||
Basic
|
$
|
(5.34
|
)
|
|
$
|
1.23
|
|
|
$
|
(14.57
|
)
|
|
$
|
0.54
|
|
Diluted
|
(5.34
|
)
|
|
1.21
|
|
|
(14.57
|
)
|
|
0.53
|
|
||||
Shares used in computing earnings (loss) per share (000's):
|
|
|
|
|
|
|
|
||||||||
Basic
|
141,072
|
|
|
149,049
|
|
|
140,947
|
|
|
148,468
|
|
||||
Diluted
|
141,072
|
|
|
151,561
|
|
|
140,947
|
|
|
151,057
|
|
(1) Includes stock-based compensation as follows:
|
|
|
|
|
|
|
|
||||||||
Cost of revenue
|
$
|
3
|
|
|
$
|
3
|
|
|
$
|
6
|
|
|
$
|
6
|
|
Selling and marketing
|
13
|
|
|
12
|
|
|
25
|
|
|
23
|
|
||||
Technology and content
|
18
|
|
|
19
|
|
|
38
|
|
|
38
|
|
||||
General and administrative
|
20
|
|
|
25
|
|
|
40
|
|
|
48
|
|
|
Three months ended
June 30, |
|
Six months ended
June 30, |
||||||||||||
|
2020
|
|
2019
|
|
2020
|
|
2019
|
||||||||
Net income (loss)
|
$
|
(740
|
)
|
|
$
|
187
|
|
|
$
|
(2,137
|
)
|
|
$
|
87
|
|
Currency translation adjustments, net of tax(1)
|
34
|
|
|
7
|
|
|
(56
|
)
|
|
2
|
|
||||
Comprehensive income (loss)
|
(706
|
)
|
|
194
|
|
|
(2,193
|
)
|
|
89
|
|
||||
Less: Comprehensive income (loss) attributable to non-controlling interests
|
2
|
|
|
10
|
|
|
(100
|
)
|
|
5
|
|
||||
Less: Preferred stock dividend
|
17
|
|
|
—
|
|
|
17
|
|
|
—
|
|
||||
Comprehensive income (loss) attributable to Expedia Group, Inc. common stockholders
|
$
|
(725
|
)
|
|
$
|
184
|
|
|
$
|
(2,110
|
)
|
|
$
|
84
|
|
(1)
|
Currency translation adjustments include tax benefit of $3 million and $1 million associated with net investment hedges for the three and six months ended June 30, 2020 and tax benefit of $2 million and tax expense of $1 million for the three and six months ended June 30, 2019.
|
|
June 30,
2020 |
|
December 31,
2019 |
||||
|
(Unaudited)
|
|
|
||||
ASSETS
|
|
|
|
||||
Current assets:
|
|
|
|
||||
Cash and cash equivalents
|
$
|
5,053
|
|
|
$
|
3,315
|
|
Restricted cash and cash equivalents
|
1,311
|
|
|
779
|
|
||
Short-term investments
|
422
|
|
|
526
|
|
||
Accounts receivable, net of allowance of $115 and $41
|
1,002
|
|
|
2,524
|
|
||
Income taxes receivable
|
107
|
|
|
70
|
|
||
Prepaid expenses and other current assets
|
1,049
|
|
|
521
|
|
||
Total current assets
|
8,944
|
|
|
7,735
|
|
||
Property and equipment, net
|
2,305
|
|
|
2,198
|
|
||
Operating lease right-of-use assets
|
626
|
|
|
611
|
|
||
Long-term investments and other assets
|
618
|
|
|
796
|
|
||
Deferred income taxes
|
482
|
|
|
145
|
|
||
Intangible assets, net
|
1,600
|
|
|
1,804
|
|
||
Goodwill
|
7,330
|
|
|
8,127
|
|
||
TOTAL ASSETS
|
$
|
21,905
|
|
|
$
|
21,416
|
|
LIABILITIES AND STOCKHOLDERS’ EQUITY
|
|
|
|
||||
Current liabilities:
|
|
|
|
||||
Accounts payable, merchant
|
$
|
531
|
|
|
$
|
1,921
|
|
Accounts payable, other
|
518
|
|
|
906
|
|
||
Deferred merchant bookings
|
4,632
|
|
|
5,679
|
|
||
Deferred revenue
|
197
|
|
|
321
|
|
||
Income taxes payable
|
78
|
|
|
88
|
|
||
Accrued expenses and other current liabilities
|
1,166
|
|
|
1,050
|
|
||
Current maturities of long-term debt
|
750
|
|
|
749
|
|
||
Total current liabilities
|
7,872
|
|
|
10,714
|
|
||
Long-term debt, excluding current maturities
|
6,903
|
|
|
4,189
|
|
||
Revolving credit facility
|
1,900
|
|
|
—
|
|
||
Deferred income taxes
|
74
|
|
|
56
|
|
||
Operating lease liabilities
|
543
|
|
|
532
|
|
||
Other long-term liabilities
|
388
|
|
|
389
|
|
||
Commitments and contingencies
|
|
|
|
||||
Series A Preferred Stock: $.001 par value, Authorized shares: 100,000; Shares issued and outstanding: 1,200 and 0
|
1,022
|
|
|
—
|
|
||
Stockholders’ equity:
|
|
|
|
||||
Common stock: $.0001 par value; Authorized shares: 1,600,000
|
—
|
|
|
—
|
|
||
Shares issued: 259,085 and 256,692; Shares outstanding: 135,691 and 137,076
|
|
|
|
||||
Class B common stock: $.0001 par value; Authorized shares: 400,000
|
—
|
|
|
—
|
|
||
Shares issued: 12,800 and 12,800; Shares outstanding: 5,523 and 5,523
|
|
|
|
||||
Additional paid-in capital
|
13,300
|
|
|
12,978
|
|
||
Treasury stock - Common stock and Class B, at cost; Shares 130,670 and 126,893
|
(10,087
|
)
|
|
(9,673
|
)
|
||
Retained earnings (deficit)
|
(1,206
|
)
|
|
879
|
|
||
Accumulated other comprehensive income (loss)
|
(273
|
)
|
|
(217
|
)
|
||
Total Expedia Group, Inc. stockholders’ equity
|
1,734
|
|
|
3,967
|
|
||
Non-redeemable non-controlling interests
|
1,469
|
|
|
1,569
|
|
||
Total stockholders’ equity
|
3,203
|
|
|
5,536
|
|
||
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY
|
$
|
21,905
|
|
|
$
|
21,416
|
|
Three months ended June 30, 2019
|
|
Common stock
|
|
Class B
common stock
|
|
Additional
paid-in
capital
|
|
Treasury stock
|
|
Retained
earnings
(deficit)
|
|
Accumulated
other
comprehensive
income (loss)
|
|
Non-redeemable
non-controlling
interest
|
|
Total
|
|||||||||||||||||||||||||
|
|
Shares
|
|
Amount
|
|
Shares
|
|
Amount
|
|
Shares
|
|
Amount
|
|
||||||||||||||||||||||||||||
Balance as of March 31, 2019
|
|
233,294,034
|
|
|
$
|
—
|
|
|
12,799,999
|
|
|
$
|
—
|
|
|
$
|
9,694
|
|
|
97,355,708
|
|
|
$
|
(5,767
|
)
|
|
$
|
373
|
|
|
$
|
(217
|
)
|
|
$
|
1,551
|
|
|
$
|
5,634
|
|
Net income (loss)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
183
|
|
|
|
|
4
|
|
|
187
|
|
||||||||||||||||
Other comprehensive income (loss), net of taxes
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
6
|
|
|
7
|
|
||||||||||||||||
Payment of dividends to common stockholders (declared at $0.32 per share)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(48
|
)
|
|
|
|
|
|
(48
|
)
|
|||||||||||||||||
Proceeds from exercise of equity instruments and employee stock purchase plans
|
|
808,152
|
|
|
—
|
|
|
|
|
|
|
65
|
|
|
|
|
|
|
|
|
|
|
|
|
65
|
|
|||||||||||||||
Withholding taxes for stock options
|
|
|
|
|
|
|
|
|
|
(2
|
)
|
|
|
|
|
|
|
|
|
|
|
|
(2
|
)
|
|||||||||||||||||
Treasury stock activity related to vesting of equity instruments
|
|
|
|
|
|
|
|
|
|
|
|
28,504
|
|
|
(4
|
)
|
|
|
|
|
|
|
|
(4
|
)
|
||||||||||||||||
Other changes in ownership of non-controlling interests
|
|
|
|
|
|
|
|
|
|
—
|
|
|
|
|
|
|
|
|
|
|
4
|
|
|
4
|
|
||||||||||||||||
Stock-based compensation expense
|
|
|
|
|
|
|
|
|
|
63
|
|
|
|
|
|
|
|
|
|
|
|
|
63
|
|
|||||||||||||||||
Other
|
|
|
|
|
|
|
|
|
|
1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|||||||||||||||
Balance as of June 30, 2019
|
|
234,102,186
|
|
|
$
|
—
|
|
|
12,799,999
|
|
|
$
|
—
|
|
|
$
|
9,821
|
|
|
97,384,212
|
|
|
$
|
(5,771
|
)
|
|
$
|
508
|
|
|
$
|
(216
|
)
|
|
$
|
1,565
|
|
|
$
|
5,907
|
|
Six months ended June 30, 2019
|
|
Common stock
|
|
Class B
common stock
|
|
Additional
paid-in
capital
|
|
Treasury stock
|
|
Retained
earnings
(deficit)
|
|
Accumulated
other
comprehensive
income (loss)
|
|
Non-redeemable
non-controlling
interest
|
|
Total
|
|||||||||||||||||||||||||
|
|
Shares
|
|
Amount
|
|
Shares
|
|
Amount
|
|
Shares
|
|
Amount
|
|
||||||||||||||||||||||||||||
Balance as of December 31, 2018
|
|
231,492,986
|
|
|
$
|
—
|
|
|
12,799,999
|
|
|
$
|
—
|
|
|
$
|
9,549
|
|
|
97,158,586
|
|
|
$
|
(5,742
|
)
|
|
$
|
517
|
|
|
$
|
(220
|
)
|
|
$
|
1,547
|
|
|
$
|
5,651
|
|
Net income (loss)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
80
|
|
|
|
|
7
|
|
|
87
|
|
||||||||||||||||
Other comprehensive income (loss), net of taxes
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4
|
|
|
(2
|
)
|
|
2
|
|
||||||||||||||||
Payment of dividends to common stockholders (declared at $0.64 per share)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(95
|
)
|
|
|
|
|
|
(95
|
)
|
|||||||||||||||||
Proceeds from exercise of equity instruments and employee stock purchase plans
|
|
2,609,200
|
|
|
—
|
|
|
|
|
|
|
156
|
|
|
|
|
|
|
|
|
|
|
|
|
156
|
|
|||||||||||||||
Withholding taxes for stock options
|
|
|
|
|
|
|
|
|
|
(2
|
)
|
|
|
|
|
|
|
|
|
|
|
|
(2
|
)
|
|||||||||||||||||
Treasury stock activity related to vesting of equity instruments
|
|
|
|
|
|
|
|
|
|
|
|
225,626
|
|
|
(29
|
)
|
|
|
|
|
|
|
|
(29
|
)
|
||||||||||||||||
Other changes in ownership of non-controlling interests
|
|
|
|
|
|
|
|
|
|
(3
|
)
|
|
|
|
|
|
|
|
|
|
13
|
|
|
10
|
|
||||||||||||||||
Impact of adoption of new accounting guidance
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6
|
|
|
|
|
|
|
6
|
|
|||||||||||||||||
Stock-based compensation expense
|
|
|
|
|
|
|
|
|
|
119
|
|
|
|
|
|
|
|
|
|
|
|
|
119
|
|
|||||||||||||||||
Other
|
|
|
|
|
|
|
|
|
|
2
|
|
|
|
|
|
|
|
|
|
|
|
|
2
|
|
|||||||||||||||||
Balance as of June 30, 2019
|
|
234,102,186
|
|
|
$
|
—
|
|
|
12,799,999
|
|
|
$
|
—
|
|
|
$
|
9,821
|
|
|
97,384,212
|
|
|
$
|
(5,771
|
)
|
|
$
|
508
|
|
|
$
|
(216
|
)
|
|
$
|
1,565
|
|
|
$
|
5,907
|
|
Three months ended June 30, 2020
|
|
Common stock
|
|
Class B
common stock
|
|
Additional
paid-in
capital
|
|
Treasury stock - Common and Class B
|
|
Retained
earnings
(deficit)
|
|
Accumulated
other
comprehensive
income (loss)
|
|
Non-redeemable
non-controlling
interest
|
|
Total
|
|||||||||||||||||||||||||
|
|
Shares
|
|
Amount
|
|
Shares
|
|
Amount
|
|
Shares
|
|
Amount
|
|
||||||||||||||||||||||||||||
Balance as of March 31, 2020
|
|
258,769,812
|
|
|
$
|
—
|
|
|
12,799,999
|
|
|
$
|
—
|
|
|
$
|
13,124
|
|
|
130,592,112
|
|
|
$
|
(10,083
|
)
|
|
$
|
(470
|
)
|
|
$
|
(301
|
)
|
|
$
|
1,471
|
|
|
$
|
3,741
|
|
Net income (loss)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(736
|
)
|
|
|
|
(4
|
)
|
|
(740
|
)
|
||||||||||||||||
Other comprehensive income (loss), net of taxes
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
28
|
|
|
6
|
|
|
34
|
|
||||||||||||||||
Payment of preferred dividends (declared at $14.02 per share)
|
|
|
|
|
|
|
|
|
|
(17
|
)
|
|
|
|
|
|
|
|
|
|
|
|
(17
|
)
|
|||||||||||||||||
Proceeds from exercise of equity instruments and employee stock purchase plans
|
|
315,120
|
|
|
—
|
|
|
|
|
|
|
10
|
|
|
|
|
|
|
|
|
|
|
|
|
10
|
|
|||||||||||||||
Common stock warrants, net of issuance costs
|
|
|
|
|
|
|
|
|
|
110
|
|
|
|
|
|
|
|
|
|
|
|
|
110
|
|
|||||||||||||||||
Treasury stock activity related to vesting of equity instruments
|
|
|
|
|
|
|
|
|
|
|
|
57,631
|
|
|
(4
|
)
|
|
|
|
|
|
|
|
(4
|
)
|
||||||||||||||||
Adjustment to the fair value of redeemable non-controlling interests
|
|
|
|
|
|
|
|
|
|
4
|
|
|
|
|
|
|
|
|
|
|
|
|
4
|
|
|||||||||||||||||
Other changes in ownership of non-controlling interests
|
|
|
|
|
|
|
|
|
|
9
|
|
|
|
|
|
|
|
|
|
|
(4
|
)
|
|
5
|
|
||||||||||||||||
Stock-based compensation expense
|
|
|
|
|
|
|
|
|
|
59
|
|
|
|
|
|
|
|
|
|
|
|
|
59
|
|
|||||||||||||||||
Other
|
|
|
|
|
|
|
|
|
|
1
|
|
|
20,630
|
|
|
—
|
|
|
|
|
|
|
|
|
1
|
|
|||||||||||||||
Balance as of June 30, 2020
|
|
259,084,932
|
|
|
$
|
—
|
|
|
12,799,999
|
|
|
$
|
—
|
|
|
$
|
13,300
|
|
|
130,670,373
|
|
|
$
|
(10,087
|
)
|
|
$
|
(1,206
|
)
|
|
$
|
(273
|
)
|
|
$
|
1,469
|
|
|
$
|
3,203
|
|
Six months ended June 30, 2020
|
|
Common stock
|
|
Class B
common stock
|
|
Additional
paid-in
capital
|
|
Treasury stock - Common and Class B
|
|
Retained
earnings
(deficit)
|
|
Accumulated
other
comprehensive
income (loss)
|
|
Non-redeemable
non-controlling
interest
|
|
Total
|
|||||||||||||||||||||||||
|
|
Shares
|
|
Amount
|
|
Shares
|
|
Amount
|
|
Shares
|
|
Amount
|
|
||||||||||||||||||||||||||||
Balance as of December 31, 2019
|
|
256,691,777
|
|
|
$
|
—
|
|
|
12,799,999
|
|
|
$
|
—
|
|
|
$
|
12,978
|
|
|
126,892,525
|
|
|
$
|
(9,673
|
)
|
|
$
|
879
|
|
|
$
|
(217
|
)
|
|
$
|
1,569
|
|
|
$
|
5,536
|
|
Net income (loss)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(2,037
|
)
|
|
|
|
(100
|
)
|
|
(2,137
|
)
|
||||||||||||||||
Other comprehensive income (loss), net of taxes
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(56
|
)
|
|
—
|
|
|
(56
|
)
|
||||||||||||||||
Payment of dividends to common stockholders (declared at $0.34 per share)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(48
|
)
|
|
|
|
|
|
(48
|
)
|
|||||||||||||||||
Payment of preferred dividends (declared at $14.02 per share)
|
|
|
|
|
|
|
|
|
|
(17
|
)
|
|
|
|
|
|
|
|
|
|
|
|
(17
|
)
|
|||||||||||||||||
Proceeds from exercise of equity instruments and employee stock purchase plans
|
|
2,393,155
|
|
|
—
|
|
|
|
|
|
|
96
|
|
|
|
|
|
|
|
|
|
|
|
|
96
|
|
|||||||||||||||
Common stock warrants, net of issuance costs
|
|
|
|
|
|
|
|
|
|
110
|
|
|
|
|
|
|
|
|
|
|
|
|
110
|
|
|||||||||||||||||
Treasury stock activity related to vesting of equity instruments
|
|
|
|
|
|
|
|
|
|
|
|
393,099
|
|
|
$
|
(44
|
)
|
|
|
|
|
|
|
|
(44
|
)
|
|||||||||||||||
Common stock repurchases
|
|
|
|
|
|
|
|
|
|
|
|
3,364,119
|
|
|
(370
|
)
|
|
|
|
|
|
|
|
(370
|
)
|
||||||||||||||||
Adjustment to the fair value of redeemable non-controlling interests
|
|
|
|
|
|
|
|
|
|
4
|
|
|
|
|
|
|
|
|
|
|
|
|
4
|
|
|||||||||||||||||
Other changes in ownership of non-controlling interests
|
|
|
|
|
|
|
|
|
|
10
|
|
|
|
|
|
|
|
|
|
|
—
|
|
|
10
|
|
||||||||||||||||
Stock-based compensation expense
|
|
|
|
|
|
|
|
|
|
118
|
|
|
|
|
|
|
|
|
|
|
|
|
118
|
|
|||||||||||||||||
Other
|
|
|
|
|
|
|
|
|
|
1
|
|
|
20,630
|
|
|
—
|
|
|
|
|
|
|
|
|
1
|
|
|||||||||||||||
Balance as of June 30, 2020
|
|
259,084,932
|
|
|
$
|
—
|
|
|
12,799,999
|
|
|
$
|
—
|
|
|
$
|
13,300
|
|
|
130,670,373
|
|
|
$
|
(10,087
|
)
|
|
$
|
(1,206
|
)
|
|
$
|
(273
|
)
|
|
$
|
1,469
|
|
|
$
|
3,203
|
|
|
Six months ended
June 30, |
||||||
|
2020
|
|
2019
|
||||
Operating activities:
|
|
|
|
||||
Net income (loss)
|
$
|
(2,137
|
)
|
|
$
|
87
|
|
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
|
|
|
|
||||
Depreciation of property and equipment, including internal-use software and website development
|
376
|
|
|
352
|
|
||
Amortization of intangible assets
|
85
|
|
|
104
|
|
||
Impairment of goodwill and intangible assets
|
916
|
|
|
—
|
|
||
Amortization of stock-based compensation
|
109
|
|
|
115
|
|
||
Deferred income taxes
|
(279
|
)
|
|
(15
|
)
|
||
Foreign exchange (gain) loss on cash, restricted cash and short-term investments, net
|
65
|
|
|
(13
|
)
|
||
Realized gain on foreign currency forwards
|
(79
|
)
|
|
(16
|
)
|
||
(Gain) loss on minority equity investments, net
|
195
|
|
|
(12
|
)
|
||
Provision for credit losses and other, net
|
119
|
|
|
(13
|
)
|
||
Changes in operating assets and liabilities:
|
|
|
|
||||
Accounts receivable
|
1,479
|
|
|
(742
|
)
|
||
Prepaid expenses and other assets
|
(585
|
)
|
|
(7
|
)
|
||
Accounts payable, merchant
|
(1,389
|
)
|
|
271
|
|
||
Accounts payable, other, accrued expenses and other liabilities
|
(244
|
)
|
|
436
|
|
||
Tax payable/receivable, net
|
(82
|
)
|
|
(143
|
)
|
||
Deferred merchant bookings
|
(1,058
|
)
|
|
2,726
|
|
||
Deferred revenue
|
(121
|
)
|
|
157
|
|
||
Net cash provided by (used in) operating activities
|
(2,630
|
)
|
|
3,287
|
|
||
Investing activities:
|
|
|
|
||||
Capital expenditures, including internal-use software and website development
|
(493
|
)
|
|
(573
|
)
|
||
Purchases of investments
|
(685
|
)
|
|
(636
|
)
|
||
Sales and maturities of investments
|
761
|
|
|
27
|
|
||
Other, net
|
76
|
|
|
16
|
|
||
Net cash provided by (used in) investing activities
|
(341
|
)
|
|
(1,166
|
)
|
||
Financing activities:
|
|
|
|
||||
Revolving credit facility borrowings
|
1,900
|
|
|
—
|
|
||
Proceeds from issuance of long-term debt, net of issuance costs
|
2,714
|
|
|
—
|
|
||
Net proceeds from issuance of preferred stock and warrants
|
1,132
|
|
|
—
|
|
||
Purchases of treasury stock
|
(414
|
)
|
|
(29
|
)
|
||
Payment of dividends to common stockholders
|
(48
|
)
|
|
(95
|
)
|
||
Payment of preferred stock dividends
|
(17
|
)
|
|
—
|
|
||
Proceeds from exercise of equity awards and employee stock purchase plan
|
96
|
|
|
156
|
|
||
Other, net
|
(30
|
)
|
|
2
|
|
||
Net cash provided by financing activities
|
5,333
|
|
|
34
|
|
||
Effect of exchange rate changes on cash, cash equivalents and restricted cash and cash equivalents
|
(93
|
)
|
|
20
|
|
||
Net increase in cash, cash equivalents and restricted cash and cash equivalents
|
2,269
|
|
|
2,175
|
|
||
Cash, cash equivalents and restricted cash and cash equivalents at beginning of period
|
4,097
|
|
|
2,705
|
|
||
Cash, cash equivalents and restricted cash and cash equivalents at end of period
|
$
|
6,366
|
|
|
$
|
4,880
|
|
Supplemental cash flow information
|
|
|
|
||||
Cash paid for interest
|
$
|
118
|
|
|
$
|
87
|
|
Income tax payments, net
|
63
|
|
|
157
|
|
|
Three months ended June 30, 2019
|
|
Six months ended June 30, 2019
|
||||||||||||
|
As reported
|
|
As reclassified
|
|
As reported
|
|
As reclassified
|
||||||||
|
(In millions)
|
||||||||||||||
Cost of revenue
|
$
|
522
|
|
|
$
|
500
|
|
|
$
|
1,035
|
|
|
$
|
990
|
|
Selling and marketing
|
1,657
|
|
|
1,643
|
|
|
3,192
|
|
|
3,164
|
|
||||
Technology and content
|
435
|
|
|
304
|
|
|
864
|
|
|
601
|
|
||||
General and administrative
|
214
|
|
|
205
|
|
|
405
|
|
|
389
|
|
||||
Depreciation and amortization
|
52
|
|
|
228
|
|
|
104
|
|
|
456
|
|
|
June 30,
2020 |
|
December 31,
2019 |
||||
|
(in millions)
|
||||||
Cash and cash equivalents
|
$
|
5,053
|
|
|
$
|
3,315
|
|
Restricted cash and cash equivalents
|
1,311
|
|
|
779
|
|
||
Restricted cash included within long-term investments and other assets
|
2
|
|
|
3
|
|
||
Total cash, cash equivalents and restricted cash and cash equivalents in the consolidated statement of cash flow
|
$
|
6,366
|
|
|
$
|
4,097
|
|
|
Total
|
|
Level 1
|
|
Level 2
|
||||||
|
(In millions)
|
||||||||||
Assets
|
|
|
|
|
|
||||||
Cash equivalents:
|
|
|
|
|
|
||||||
Money market funds
|
$
|
458
|
|
|
$
|
458
|
|
|
$
|
—
|
|
Term deposits
|
107
|
|
|
—
|
|
|
107
|
|
|||
Derivatives:
|
|
|
|
|
|
||||||
Foreign currency forward contracts
|
12
|
|
|
—
|
|
|
12
|
|
|||
Investments:
|
|
|
|
|
|
||||||
Term deposits
|
422
|
|
|
—
|
|
|
422
|
|
|||
Marketable equity securities
|
69
|
|
|
69
|
|
|
—
|
|
|||
Total assets
|
$
|
1,068
|
|
|
$
|
527
|
|
|
$
|
541
|
|
|
Total
|
|
Level 1
|
|
Level 2
|
||||||
|
(In millions)
|
||||||||||
Assets
|
|
|
|
|
|
||||||
Cash equivalents:
|
|
|
|
|
|
||||||
Money market funds
|
$
|
36
|
|
|
$
|
36
|
|
|
$
|
—
|
|
Term deposits
|
865
|
|
|
—
|
|
|
865
|
|
|||
U.S. treasury securities
|
10
|
|
|
10
|
|
|
—
|
|
|||
Investments:
|
|
|
|
|
|
||||||
Term deposits
|
526
|
|
|
—
|
|
|
526
|
|
|||
Marketable equity securities
|
129
|
|
|
129
|
|
|
—
|
|
|||
Total assets
|
$
|
1,566
|
|
|
$
|
175
|
|
|
$
|
1,391
|
|
|
|
|
|
|
|
||||||
Liabilities
|
|
|
|
|
|
||||||
Derivatives:
|
|
|
|
|
|
||||||
Foreign currency forward contracts
|
$
|
8
|
|
|
$
|
—
|
|
|
$
|
8
|
|
|
June 30,
2020 |
|
December 31,
2019 |
||||
|
(In millions)
|
||||||
5.95% senior notes due 2020
|
$
|
750
|
|
|
$
|
749
|
|
2.5% (€650 million) senior notes due 2022
|
729
|
|
|
725
|
|
||
4.5% senior notes due 2024
|
497
|
|
|
497
|
|
||
6.25% senior notes due 2025
|
1,970
|
|
|
—
|
|
||
7.0% senior notes due 2025
|
739
|
|
|
—
|
|
||
5.0% senior notes due 2026
|
744
|
|
|
743
|
|
||
3.8% senior notes due 2028
|
992
|
|
|
992
|
|
||
3.25% senior notes due 2030
|
1,232
|
|
|
1,232
|
|
||
Long-term debt(1)
|
7,653
|
|
|
4,938
|
|
||
Current maturities of long-term debt
|
(750
|
)
|
|
(749
|
)
|
||
Long-term debt, excluding current maturities
|
$
|
6,903
|
|
|
$
|
4,189
|
|
|
|
|
|
||||
Revolving credit facility
|
$
|
1,900
|
|
|
$
|
—
|
|
(1)
|
Net of applicable discounts and debt issuance costs.
|
|
June 30,
2020 |
|
December 31,
2019 |
||||
|
(In millions)
|
||||||
5.95% senior notes due 2020
|
$
|
753
|
|
|
$
|
767
|
|
2.5% (€650 million) senior notes due 2022 (1)
|
731
|
|
|
764
|
|
||
4.5% senior notes due 2024
|
518
|
|
|
536
|
|
||
6.25% senior notes due 2025
|
2,134
|
|
|
—
|
|
||
7.0% senior notes due 2025
|
790
|
|
|
—
|
|
||
5.0% senior notes due 2026
|
778
|
|
|
825
|
|
||
3.8% senior notes due 2028
|
960
|
|
|
1,021
|
|
||
3.25% senior notes due 2030
|
1,171
|
|
|
1,206
|
|
(1)
|
Approximately 649 million Euro as of June 30, 2020 and 682 million Euro as of December 31, 2019.
|
Declaration Date
|
Dividend
Per Share
|
|
Record Date
|
|
Total Amount
(in millions)
|
|
Payment Date
|
||||
Six Months Ended June 30, 2020
|
|
|
|
|
|
|
|
|
|
||
February 13, 2020
|
$
|
0.34
|
|
|
March 10, 2020
|
|
$
|
48
|
|
|
March 26, 2020
|
Six Months Ended June 30, 2019
|
|
|
|
|
|
|
|
|
|
||
February 6, 2019
|
0.32
|
|
|
March 7, 2019
|
|
47
|
|
|
March 27, 2019
|
||
May 1, 2019
|
0.32
|
|
|
May 23, 2019
|
|
48
|
|
|
June 13, 2019
|
|
Three months ended
June 30, |
|
Six months ended
June 30, |
||||||||||||
|
2020
|
|
2019
|
|
2020
|
|
2019
|
||||||||
|
(In millions, except share and per share data)
|
||||||||||||||
Net income (loss) attributable to Expedia Group, Inc.
|
$
|
(736
|
)
|
|
$
|
183
|
|
|
$
|
(2,037
|
)
|
|
$
|
80
|
|
Preferred stock dividend
|
(17
|
)
|
|
—
|
|
|
(17
|
)
|
|
—
|
|
||||
Net income (loss) attributable to Expedia Group, Inc. common stockholders
|
$
|
(753
|
)
|
|
$
|
183
|
|
|
$
|
(2,054
|
)
|
|
$
|
80
|
|
Earnings (loss) per share attributable to Expedia Group, Inc. available to common stockholders:
|
|
|
|
|
|
|
|
||||||||
Basic
|
$
|
(5.34
|
)
|
|
$
|
1.23
|
|
|
$
|
(14.57
|
)
|
|
$
|
0.54
|
|
Diluted
|
(5.34
|
)
|
|
1.21
|
|
|
(14.57
|
)
|
|
0.53
|
|
||||
Weighted average number of shares outstanding (000's):
|
|
|
|
|
|
|
|
||||||||
Basic
|
141,072
|
|
|
149,049
|
|
|
140,947
|
|
|
148,468
|
|
||||
Dilutive effect of:
|
|
|
|
|
|
|
|
||||||||
Options to purchase common stock
|
—
|
|
|
1,893
|
|
|
—
|
|
|
1,944
|
|
||||
Other dilutive securities
|
—
|
|
|
619
|
|
|
—
|
|
|
645
|
|
||||
Diluted
|
141,072
|
|
|
151,561
|
|
|
140,947
|
|
|
151,057
|
|
|
Employee Severance and Benefits
|
|
Other
|
|
Total
|
||||||
|
(In millions)
|
||||||||||
Accrued liability as of January 1, 2020
|
$
|
11
|
|
|
$
|
6
|
|
|
$
|
17
|
|
Charges
|
122
|
|
|
6
|
|
|
128
|
|
|||
Payments
|
(65
|
)
|
|
(12
|
)
|
|
(77
|
)
|
|||
Accrued liability as of June 30, 2020
|
$
|
68
|
|
|
$
|
—
|
|
|
$
|
68
|
|
|
Three months ended June 30, 2020
|
||||||||||||||||||
|
Retail
|
|
B2B
|
|
trivago
|
|
Corporate &
Eliminations |
|
Total
|
||||||||||
|
(In millions)
|
||||||||||||||||||
Third-party revenue
|
$
|
463
|
|
|
$
|
68
|
|
|
$
|
15
|
|
|
$
|
20
|
|
|
$
|
566
|
|
Intersegment revenue
|
—
|
|
|
—
|
|
|
3
|
|
|
(3
|
)
|
|
—
|
|
|||||
Revenue
|
$
|
463
|
|
|
$
|
68
|
|
|
$
|
18
|
|
|
$
|
17
|
|
|
$
|
566
|
|
Adjusted EBITDA
|
$
|
(203
|
)
|
|
$
|
(128
|
)
|
|
$
|
(16
|
)
|
|
$
|
(89
|
)
|
|
$
|
(436
|
)
|
Depreciation
|
(136
|
)
|
|
(34
|
)
|
|
(3
|
)
|
|
(18
|
)
|
|
(191
|
)
|
|||||
Amortization of intangible assets
|
—
|
|
|
—
|
|
|
—
|
|
|
(41
|
)
|
|
(41
|
)
|
|||||
Impairment of goodwill
|
—
|
|
|
—
|
|
|
—
|
|
|
(20
|
)
|
|
(20
|
)
|
|||||
Impairment of intangible assets
|
—
|
|
|
—
|
|
|
—
|
|
|
(10
|
)
|
|
(10
|
)
|
|||||
Stock-based compensation
|
—
|
|
|
—
|
|
|
—
|
|
|
(54
|
)
|
|
(54
|
)
|
|||||
Legal reserves, occupancy tax and other
|
—
|
|
|
—
|
|
|
—
|
|
|
(8
|
)
|
|
(8
|
)
|
|||||
Restructuring and related reorganization charges
|
—
|
|
|
—
|
|
|
—
|
|
|
(53
|
)
|
|
(53
|
)
|
|||||
Realized (gain) loss on revenue hedges
|
(36
|
)
|
|
—
|
|
|
—
|
|
|
—
|
|
|
(36
|
)
|
|||||
Operating loss
|
$
|
(375
|
)
|
|
$
|
(162
|
)
|
|
$
|
(19
|
)
|
|
$
|
(293
|
)
|
|
(849
|
)
|
|
Other expense, net
|
|
|
|
|
|
|
|
|
(104
|
)
|
|||||||||
Loss before income taxes
|
|
|
|
|
|
|
|
|
(953
|
)
|
|||||||||
Provision for income taxes
|
|
|
|
|
|
|
|
|
213
|
|
|||||||||
Net loss
|
|
|
|
|
|
|
|
|
(740
|
)
|
|||||||||
Net loss attributable to non-controlling interests
|
|
|
|
|
|
4
|
|
||||||||||||
Net loss attributable to Expedia Group, Inc.
|
|
|
|
|
|
(736
|
)
|
||||||||||||
Preferred stock dividend
|
|
|
|
|
|
|
|
|
(17
|
)
|
|||||||||
Net loss attributable to Expedia Group, Inc. common stockholders
|
|
|
|
|
|
$
|
(753
|
)
|
|
Three months ended June 30, 2019
|
||||||||||||||||||
|
Retail
|
|
B2B
|
|
trivago
|
|
Corporate &
Eliminations |
|
Total
|
||||||||||
|
(In millions)
|
||||||||||||||||||
Third-party revenue
|
$
|
2,333
|
|
|
$
|
657
|
|
|
$
|
163
|
|
|
$
|
—
|
|
|
$
|
3,153
|
|
Intersegment revenue
|
—
|
|
|
—
|
|
|
88
|
|
|
(88
|
)
|
|
—
|
|
|||||
Revenue
|
$
|
2,333
|
|
|
$
|
657
|
|
|
$
|
251
|
|
|
$
|
(88
|
)
|
|
$
|
3,153
|
|
Adjusted EBITDA
|
$
|
548
|
|
|
$
|
130
|
|
|
$
|
20
|
|
|
$
|
(130
|
)
|
|
$
|
568
|
|
Depreciation
|
(127
|
)
|
|
(27
|
)
|
|
(3
|
)
|
|
(19
|
)
|
|
(176
|
)
|
|||||
Amortization of intangible assets
|
—
|
|
|
—
|
|
|
—
|
|
|
(52
|
)
|
|
(52
|
)
|
|||||
Stock-based compensation
|
—
|
|
|
—
|
|
|
—
|
|
|
(59
|
)
|
|
(59
|
)
|
|||||
Legal reserves, occupancy tax and other
|
—
|
|
|
—
|
|
|
—
|
|
|
(4
|
)
|
|
(4
|
)
|
|||||
Restructuring and related reorganization charges
|
—
|
|
|
—
|
|
|
—
|
|
|
(4
|
)
|
|
(4
|
)
|
|||||
Realized (gain) loss on revenue hedges
|
(4
|
)
|
|
(4
|
)
|
|
—
|
|
|
—
|
|
|
(8
|
)
|
|||||
Operating income (loss)
|
$
|
417
|
|
|
$
|
99
|
|
|
$
|
17
|
|
|
$
|
(268
|
)
|
|
265
|
|
|
Other expense, net
|
|
|
|
|
|
|
|
|
(30
|
)
|
|||||||||
Income before income taxes
|
|
|
|
|
|
|
|
|
235
|
|
|||||||||
Provision for income taxes
|
|
|
|
|
|
|
|
|
(48
|
)
|
|||||||||
Net income
|
|
|
|
|
|
|
|
|
187
|
|
|||||||||
Net income attributable to non-controlling interests
|
|
|
|
|
|
(4
|
)
|
||||||||||||
Net income attributable to Expedia Group, Inc.
|
|
|
|
|
|
$
|
183
|
|
|
Six months ended June 30, 2020
|
||||||||||||||||||
|
Retail
|
|
B2B
|
|
trivago
|
|
Corporate &
Eliminations |
|
Total
|
||||||||||
|
(In millions)
|
||||||||||||||||||
Third-party revenue
|
$
|
2,045
|
|
|
$
|
553
|
|
|
$
|
118
|
|
|
$
|
59
|
|
|
$
|
2,775
|
|
Intersegment revenue
|
—
|
|
|
—
|
|
|
54
|
|
|
(54
|
)
|
|
—
|
|
|||||
Revenue
|
$
|
2,045
|
|
|
$
|
553
|
|
|
$
|
172
|
|
|
$
|
5
|
|
|
$
|
2,775
|
|
Adjusted EBITDA
|
$
|
(181
|
)
|
|
$
|
(102
|
)
|
|
$
|
(17
|
)
|
|
$
|
(212
|
)
|
|
$
|
(512
|
)
|
Depreciation
|
(264
|
)
|
|
(66
|
)
|
|
(6
|
)
|
|
(40
|
)
|
|
(376
|
)
|
|||||
Amortization of intangible assets
|
—
|
|
|
—
|
|
|
—
|
|
|
(85
|
)
|
|
(85
|
)
|
|||||
Impairment of goodwill
|
—
|
|
|
—
|
|
|
—
|
|
|
(785
|
)
|
|
(785
|
)
|
|||||
Impairment of intangible assets
|
—
|
|
|
—
|
|
|
—
|
|
|
(131
|
)
|
|
(131
|
)
|
|||||
Stock-based compensation
|
—
|
|
|
—
|
|
|
—
|
|
|
(109
|
)
|
|
(109
|
)
|
|||||
Legal reserves, occupancy tax and other
|
—
|
|
|
—
|
|
|
—
|
|
|
13
|
|
|
13
|
|
|||||
Restructuring and related reorganization charges
|
—
|
|
|
—
|
|
|
—
|
|
|
(128
|
)
|
|
(128
|
)
|
|||||
Realized (gain) loss on revenue hedges
|
(27
|
)
|
|
(3
|
)
|
|
—
|
|
|
—
|
|
|
(30
|
)
|
|||||
Operating loss
|
$
|
(472
|
)
|
|
$
|
(171
|
)
|
|
$
|
(23
|
)
|
|
$
|
(1,477
|
)
|
|
(2,143
|
)
|
|
Other expense, net
|
|
|
|
|
|
|
|
|
(289
|
)
|
|||||||||
Loss before income taxes
|
|
|
|
|
|
|
|
|
(2,432
|
)
|
|||||||||
Provision for income taxes
|
|
|
|
|
|
|
|
|
295
|
|
|||||||||
Net loss
|
|
|
|
|
|
|
|
|
(2,137
|
)
|
|||||||||
Net loss attributable to non-controlling interests
|
|
|
|
|
|
100
|
|
||||||||||||
Net loss attributable to Expedia Group, Inc.
|
|
|
|
|
|
(2,037
|
)
|
||||||||||||
Preferred stock dividend
|
|
|
|
|
|
|
|
|
(17
|
)
|
|||||||||
Net loss attributable to Expedia Group, Inc. common stockholders
|
|
|
|
|
|
$
|
(2,054
|
)
|
|
Six months ended June 30, 2019
|
||||||||||||||||||
|
Retail
|
|
B2B
|
|
trivago
|
|
Corporate &
Eliminations |
|
Total
|
||||||||||
|
(In millions)
|
||||||||||||||||||
Third-party revenue
|
$
|
4,234
|
|
|
$
|
1,213
|
|
|
$
|
315
|
|
|
$
|
—
|
|
|
$
|
5,762
|
|
Intersegment revenue
|
—
|
|
|
—
|
|
|
173
|
|
|
(173
|
)
|
|
—
|
|
|||||
Revenue
|
$
|
4,234
|
|
|
$
|
1,213
|
|
|
$
|
488
|
|
|
$
|
(173
|
)
|
|
$
|
5,762
|
|
Adjusted EBITDA
|
$
|
743
|
|
|
$
|
202
|
|
|
$
|
44
|
|
|
$
|
(245
|
)
|
|
$
|
744
|
|
Depreciation
|
(255
|
)
|
|
(54
|
)
|
|
(6
|
)
|
|
(37
|
)
|
|
(352
|
)
|
|||||
Amortization of intangible assets
|
—
|
|
|
—
|
|
|
—
|
|
|
(104
|
)
|
|
(104
|
)
|
|||||
Stock-based compensation
|
—
|
|
|
—
|
|
|
—
|
|
|
(115
|
)
|
|
(115
|
)
|
|||||
Legal reserves, occupancy tax and other
|
—
|
|
|
—
|
|
|
—
|
|
|
(14
|
)
|
|
(14
|
)
|
|||||
Restructuring and related reorganization charges
|
—
|
|
|
—
|
|
|
—
|
|
|
(14
|
)
|
|
(14
|
)
|
|||||
Realized (gain) loss on revenue hedges
|
(6
|
)
|
|
(5
|
)
|
|
—
|
|
|
—
|
|
|
(11
|
)
|
|||||
Operating income (loss)
|
$
|
482
|
|
|
$
|
143
|
|
|
$
|
38
|
|
|
$
|
(529
|
)
|
|
134
|
|
|
Other expense, net
|
|
|
|
|
|
|
|
|
(40
|
)
|
|||||||||
Income before income taxes
|
|
|
|
|
|
|
|
|
94
|
|
|||||||||
Provision for income taxes
|
|
|
|
|
|
|
|
|
(7
|
)
|
|||||||||
Net income
|
|
|
|
|
|
|
|
|
87
|
|
|||||||||
Net income attributable to non-controlling interests
|
|
|
|
|
|
(7
|
)
|
||||||||||||
Net income attributable to Expedia Group, Inc.
|
|
|
|
|
|
$
|
80
|
|
|
Three months ended June 30,
|
|
Six months ended June 30,
|
||||||||||||
|
2020
|
|
2019
|
|
2020
|
|
2019
|
||||||||
|
(in millions)
|
||||||||||||||
Business Model:
|
|
|
|
|
|
|
|
||||||||
Merchant
|
$
|
368
|
|
|
$
|
1,758
|
|
|
$
|
1,708
|
|
|
$
|
3,193
|
|
Agency
|
105
|
|
|
1,047
|
|
|
667
|
|
|
1,889
|
|
||||
Advertising, media and other
|
93
|
|
|
348
|
|
|
400
|
|
|
680
|
|
||||
Total revenue
|
$
|
566
|
|
|
$
|
3,153
|
|
|
$
|
2,775
|
|
|
$
|
5,762
|
|
Service Type:
|
|
|
|
|
|
|
|
||||||||
Lodging
|
$
|
487
|
|
|
$
|
2,204
|
|
|
$
|
2,029
|
|
|
$
|
3,893
|
|
Air
|
(70
|
)
|
|
228
|
|
|
39
|
|
|
476
|
|
||||
Advertising and media
|
25
|
|
|
284
|
|
|
228
|
|
|
549
|
|
||||
Other(1)
|
124
|
|
|
437
|
|
|
479
|
|
|
844
|
|
||||
Total revenue
|
$
|
566
|
|
|
$
|
3,153
|
|
|
$
|
2,775
|
|
|
$
|
5,762
|
|
(1)
|
Other includes car rental, insurance, destination services, cruise and fee revenue related to our corporate travel business, among other revenue streams, none of which are individually material. Other also includes product revenue of $20 million and $59 million during the three and six months ended June 30, 2020 related to Bodybuilding.com, which was sold in May 2020.
|
•
|
It requires us to make an assumption because information was not available at the time or it included matters that were highly uncertain at the time we were making the estimate; and
|
•
|
Changes in the estimate or different estimates that we could have selected may have had a material impact on our financial condition or results of operations.
|
•
|
City of San Antonio, Texas Litigation. On July 6, 2020, the United States Fifth Circuit Court of Appeals denied plaintiffs’ petition for rehearing en banc of the decision affirming the district court’s award of over $2 million in appeal bond costs against the city.
|
•
|
Palm Beach, Florida Litigation. The Florida Fourth District Court of Appeals denied the plaintiff’s motions for rehearing, rehearing en banc and certification to the Florida Supreme Court as to the non-HomeAway defendants on June 3, 2020. On July 1, 2020, the plaintiff filed a notice to invoke discretionary jurisdiction of the Florida Supreme Court.
|
|
Three months ended June 30,
|
|
|
|
Six months ended June 30,
|
|
|
||||||||||||||
|
2020
|
|
2019
|
|
% Change
|
|
2020
|
|
2019
|
|
% Change
|
||||||||||
|
($ in millions)
|
|
|
|
($ in millions)
|
|
|
||||||||||||||
Gross bookings
|
$
|
2,713
|
|
|
$
|
28,292
|
|
|
(90
|
)%
|
|
$
|
20,598
|
|
|
$
|
57,701
|
|
|
(64
|
)%
|
Revenue margin (1)
|
20.9
|
%
|
|
11.1
|
%
|
|
|
|
13.5
|
%
|
|
10.0
|
%
|
|
|
(1)
|
trivago, which is comprised of a hotel metasearch business that differs from our transaction-based websites, does not have associated gross bookings or revenue margin. However, third-party revenue from trivago is included in revenue used to calculate total revenue margin.
|
|
Three months ended June 30,
|
|
|
|
Six months ended June 30,
|
|
|
||||||||||||||
|
2020
|
|
2019
|
|
% Change
|
|
2020
|
|
2019
|
|
% Change
|
||||||||||
|
($ in millions)
|
|
|
|
($ in millions)
|
|
|
||||||||||||||
Revenue by Segment
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Retail
|
$
|
463
|
|
|
$
|
2,333
|
|
|
(80
|
)%
|
|
$
|
2,045
|
|
|
$
|
4,234
|
|
|
(52
|
)%
|
B2B
|
68
|
|
|
657
|
|
|
(90
|
)%
|
|
553
|
|
|
1,213
|
|
|
(54
|
)%
|
||||
trivago (Third-party revenue)
|
15
|
|
|
163
|
|
|
(91
|
)%
|
|
118
|
|
|
315
|
|
|
(63
|
)%
|
||||
Corporate (Bodybuilding.com)
|
20
|
|
|
—
|
|
|
N/A
|
|
|
59
|
|
|
—
|
|
|
N/A
|
|
||||
Total revenue
|
$
|
566
|
|
|
$
|
3,153
|
|
|
(82
|
)%
|
|
$
|
2,775
|
|
|
$
|
5,762
|
|
|
(52
|
)%
|
|
Three months ended June 30,
|
|
|
|
Six months ended June 30,
|
|
|
||||||||||||||
|
2020
|
|
2019
|
|
% Change
|
|
2020
|
|
2019
|
|
% Change
|
||||||||||
|
($ in millions)
|
|
|
|
($ in millions)
|
|
|
||||||||||||||
Revenue by Service Type
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Lodging
|
$
|
487
|
|
|
$
|
2,204
|
|
|
(78
|
)%
|
|
$
|
2,029
|
|
|
$
|
3,893
|
|
|
(48
|
)%
|
Air
|
(70
|
)
|
|
228
|
|
|
N/A
|
|
|
39
|
|
|
476
|
|
|
(92
|
)%
|
||||
Advertising and media(1)
|
25
|
|
|
284
|
|
|
(91
|
)%
|
|
228
|
|
|
549
|
|
|
(58
|
)%
|
||||
Other
|
124
|
|
|
437
|
|
|
(72
|
)%
|
|
479
|
|
|
844
|
|
|
(43
|
)%
|
||||
Total revenue
|
$
|
566
|
|
|
$
|
3,153
|
|
|
(82
|
)%
|
|
$
|
2,775
|
|
|
$
|
5,762
|
|
|
(52
|
)%
|
(1)
|
Includes third-party revenue from trivago as well as our transaction-based websites.
|
|
Three months ended June 30,
|
|
|
|
Six months ended June 30,
|
|
|
||||||||||||||
|
2020
|
|
2019
|
|
% Change
|
|
2020
|
|
2019
|
|
% Change
|
||||||||||
|
($ in millions)
|
|
|
|
($ in millions)
|
|
|
||||||||||||||
Revenue by Business Model
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Merchant
|
$
|
368
|
|
|
$
|
1,758
|
|
|
(79
|
)%
|
|
$
|
1,708
|
|
|
$
|
3,193
|
|
|
(47
|
)%
|
Agency
|
105
|
|
|
1,047
|
|
|
(90
|
)%
|
|
667
|
|
|
1,889
|
|
|
(65
|
)%
|
||||
Advertising, media and other
|
93
|
|
|
348
|
|
|
(73
|
)%
|
|
400
|
|
|
680
|
|
|
(41
|
)%
|
||||
Total revenue
|
$
|
566
|
|
|
$
|
3,153
|
|
|
(82
|
)%
|
|
$
|
2,775
|
|
|
$
|
5,762
|
|
|
(52
|
)%
|
|
Three months ended June 30,
|
|
|
|
Six months ended June 30,
|
|
|
||||||||||||||
|
2020
|
|
2019
|
|
% Change
|
|
2020
|
|
2019
|
|
% Change
|
||||||||||
|
($ in millions)
|
|
|
|
($ in millions)
|
|
|
||||||||||||||
Direct costs
|
$
|
254
|
|
|
$
|
345
|
|
|
(26
|
)%
|
|
$
|
722
|
|
|
$
|
680
|
|
|
6
|
%
|
Personnel and overhead
|
135
|
|
|
155
|
|
|
(13
|
)%
|
|
296
|
|
|
310
|
|
|
(5
|
)%
|
||||
Total cost of revenue
|
$
|
389
|
|
|
$
|
500
|
|
|
(22
|
)%
|
|
$
|
1,018
|
|
|
$
|
990
|
|
|
3
|
%
|
% of revenue
|
68.8
|
%
|
|
15.9
|
%
|
|
|
|
36.7
|
%
|
|
17.2
|
%
|
|
|
|
Three months ended June 30,
|
|
|
|
Six months ended June 30,
|
|
|
||||||||||||||
|
2020
|
|
2019
|
|
% Change
|
|
2020
|
|
2019
|
|
% Change
|
||||||||||
|
($ in millions)
|
|
|
|
($ in millions)
|
|
|
||||||||||||||
Direct costs
|
$
|
95
|
|
|
$
|
1,382
|
|
|
(93
|
)%
|
|
$
|
1,054
|
|
|
$
|
2,643
|
|
|
(60
|
)%
|
Indirect costs
|
201
|
|
|
261
|
|
|
(23
|
)%
|
|
452
|
|
|
521
|
|
|
(13
|
)%
|
||||
Total selling and marketing
|
$
|
296
|
|
|
$
|
1,643
|
|
|
(82
|
)%
|
|
$
|
1,506
|
|
|
$
|
3,164
|
|
|
(52
|
)%
|
% of revenue
|
52.2
|
%
|
|
52.1
|
%
|
|
|
|
54.3
|
%
|
|
54.9
|
%
|
|
|
|
Three months ended June 30,
|
|
|
|
Six months ended June 30,
|
|
|
||||||||||||||
|
2020
|
|
2019
|
|
% Change
|
|
2020
|
|
2019
|
|
% Change
|
||||||||||
|
($ in millions)
|
|
|
|
($ in millions)
|
|
|
||||||||||||||
Personnel and overhead
|
$
|
186
|
|
|
$
|
235
|
|
|
(21
|
)%
|
|
$
|
405
|
|
|
$
|
463
|
|
|
(12
|
)%
|
Other
|
69
|
|
|
69
|
|
|
1
|
%
|
|
158
|
|
|
138
|
|
|
15
|
%
|
||||
Total technology and content
|
$
|
255
|
|
|
$
|
304
|
|
|
(16
|
)%
|
|
$
|
563
|
|
|
$
|
601
|
|
|
(6
|
)%
|
% of revenue
|
45.2
|
%
|
|
9.6
|
%
|
|
|
|
20.3
|
%
|
|
10.4
|
%
|
|
|
|
Three months ended June 30,
|
|
|
|
Six months ended June 30,
|
|
|
||||||||||||||
|
2020
|
|
2019
|
|
% Change
|
|
2020
|
|
2019
|
|
% Change
|
||||||||||
|
($ in millions)
|
|
|
|
($ in millions)
|
|
|
||||||||||||||
Personnel and overhead
|
$
|
113
|
|
|
$
|
148
|
|
|
(23
|
)%
|
|
$
|
246
|
|
|
$
|
286
|
|
|
(14
|
)%
|
Professional fees and other
|
39
|
|
|
57
|
|
|
(33
|
)%
|
|
93
|
|
|
103
|
|
|
(10
|
)%
|
||||
Total general and administrative
|
$
|
152
|
|
|
$
|
205
|
|
|
(26
|
)%
|
|
$
|
339
|
|
|
$
|
389
|
|
|
(13
|
)%
|
% of revenue
|
26.8
|
%
|
|
6.5
|
%
|
|
|
|
12.2
|
%
|
|
6.7
|
%
|
|
|
|
Three months ended June 30,
|
|
|
|
Six months ended June 30,
|
|
|
||||||||||||||
|
2020
|
|
2019
|
|
% Change
|
|
2020
|
|
2019
|
|
% Change
|
||||||||||
|
($ in millions)
|
|
|
|
($ in millions)
|
|
|
||||||||||||||
Depreciation
|
$
|
191
|
|
|
$
|
176
|
|
|
9
|
%
|
|
$
|
376
|
|
|
$
|
352
|
|
|
7
|
%
|
Amortization of intangible assets
|
41
|
|
|
52
|
|
|
(21
|
)%
|
|
85
|
|
|
104
|
|
|
(18
|
)%
|
||||
Total depreciation and amortization
|
$
|
232
|
|
|
$
|
228
|
|
|
2
|
%
|
|
$
|
461
|
|
|
$
|
456
|
|
|
1
|
%
|
|
Three months ended June 30,
|
|
|
|
Six months ended June 30,
|
|
|
|||||||||||||
|
2020
|
|
2019
|
|
% Change
|
|
2020
|
|
2019
|
|
% Change
|
|||||||||
|
($ in millions)
|
|
|
|
($ in millions)
|
|
|
|||||||||||||
Legal reserves, occupancy tax and other
|
$
|
8
|
|
|
$
|
4
|
|
|
75
|
%
|
|
$
|
(13
|
)
|
|
$
|
14
|
|
|
N/A
|
% of revenue
|
1.3
|
%
|
|
0.1
|
%
|
|
|
|
(0.5
|
)%
|
|
0.2
|
%
|
|
|
|
Three months ended June 30,
|
|
|
|
Six months ended June 30,
|
|
|
||||||||||||
|
2020
|
|
2019
|
|
% Change
|
|
2020
|
|
2019
|
|
% Change
|
||||||||
|
($ in millions)
|
|
|
|
($ in millions)
|
|
|
||||||||||||
Operating income (loss)
|
$
|
(849
|
)
|
|
$
|
265
|
|
|
N/A
|
|
$
|
(2,143
|
)
|
|
$
|
134
|
|
|
N/A
|
% of revenue
|
(149.9
|
)%
|
|
8.4
|
%
|
|
|
|
(77.3
|
)%
|
|
2.3
|
%
|
|
|
|
Three months ended June 30,
|
|
|
|
Six months ended June 30,
|
|
|
||||||||||||||
|
2020
|
|
2019
|
|
% Change
|
|
2020
|
|
2019
|
|
% Change
|
||||||||||
|
($ in millions)
|
|
|
|
($ in millions)
|
|
|
||||||||||||||
Retail
|
$
|
(203
|
)
|
|
$
|
548
|
|
|
N/A
|
|
|
$
|
(181
|
)
|
|
$
|
743
|
|
|
N/A
|
|
B2B
|
(128
|
)
|
|
130
|
|
|
N/A
|
|
|
(102
|
)
|
|
202
|
|
|
N/A
|
|
||||
trivago
|
(16
|
)
|
|
20
|
|
|
N/A
|
|
|
(17
|
)
|
|
44
|
|
|
N/A
|
|
||||
Unallocated overhead costs (Corporate) (1)
|
(89
|
)
|
|
(130
|
)
|
|
(31
|
)%
|
|
(212
|
)
|
|
(245
|
)
|
|
(13
|
)%
|
||||
Total Adjusted EBITDA (2)
|
$
|
(436
|
)
|
|
$
|
568
|
|
|
N/A
|
|
|
$
|
(512
|
)
|
|
$
|
744
|
|
|
N/A
|
|
(1)
|
Includes immaterial operating results of Bodybuilding.com subsequent to our acquisition on July 26, 2019.
|
(2)
|
Adjusted EBITDA is a non-GAAP measure. See “Definition and Reconciliation of Adjusted EBITDA” below for more information.
|
|
Three months ended June 30,
|
|
|
|
Six months ended June 30,
|
|
|
||||||||||||||
|
2020
|
|
2019
|
|
% Change
|
|
2020
|
|
2019
|
|
% Change
|
||||||||||
|
($ in millions)
|
|
|
|
($ in millions)
|
|
|
||||||||||||||
Interest income
|
$
|
3
|
|
|
$
|
17
|
|
|
(78
|
)%
|
|
$
|
13
|
|
|
$
|
28
|
|
|
(52
|
)%
|
Interest expense
|
(95
|
)
|
|
(39
|
)
|
|
142
|
%
|
|
(145
|
)
|
|
(80
|
)
|
|
81
|
%
|
|
Three months ended June 30,
|
|
Six months ended June 30,
|
||||||||||||
|
2020
|
|
2019
|
|
2020
|
|
2019
|
||||||||
|
($ in millions)
|
||||||||||||||
Foreign exchange rate gains (losses), net
|
$
|
(3
|
)
|
|
$
|
2
|
|
|
$
|
42
|
|
|
$
|
(12
|
)
|
Gains (losses) on minority equity investments, net
|
(7
|
)
|
|
(10
|
)
|
|
(195
|
)
|
|
12
|
|
||||
Other
|
(2
|
)
|
|
—
|
|
|
(4
|
)
|
|
12
|
|
||||
Total other, net
|
$
|
(12
|
)
|
|
$
|
(8
|
)
|
|
$
|
(157
|
)
|
|
$
|
12
|
|
|
Three months ended June 30,
|
|
|
|
Six months ended June 30,
|
|
|
||||||||||||
|
2020
|
|
2019
|
|
% Change
|
|
2020
|
|
2019
|
|
% Change
|
||||||||
|
($ in millions)
|
|
|
|
($ in millions)
|
|
|
||||||||||||
Provision for income taxes
|
$
|
(213
|
)
|
|
$
|
48
|
|
|
N/A
|
|
$
|
(295
|
)
|
|
$
|
7
|
|
|
N/A
|
Effective tax rate
|
22.3
|
%
|
|
20.4
|
%
|
|
|
|
12.1
|
%
|
|
7.2
|
%
|
|
|
|
|
Three months ended June 30,
|
|
Six months ended June 30,
|
||||||||||||
|
|
2020
|
|
2019
|
|
2020
|
|
2019
|
||||||||
|
|
(In millions)
|
||||||||||||||
Net income (loss) attributable to Expedia Group, Inc.
|
|
$
|
(736
|
)
|
|
$
|
183
|
|
|
$
|
(2,037
|
)
|
|
$
|
80
|
|
Net income (loss) attributable to non-controlling interests
|
|
(4
|
)
|
|
4
|
|
|
(100
|
)
|
|
7
|
|
||||
Provision for income taxes
|
|
(213
|
)
|
|
48
|
|
|
(295
|
)
|
|
7
|
|
||||
Total other expense, net
|
|
104
|
|
|
30
|
|
|
289
|
|
|
40
|
|
||||
Operating income (loss)
|
|
(849
|
)
|
|
265
|
|
|
(2,143
|
)
|
|
134
|
|
||||
Gain (loss) on revenue hedges related to revenue recognized
|
|
36
|
|
|
8
|
|
|
30
|
|
|
11
|
|
||||
Restructuring and related reorganization charges
|
|
53
|
|
|
4
|
|
|
128
|
|
|
14
|
|
||||
Legal reserves, occupancy tax and other
|
|
8
|
|
|
4
|
|
|
(13
|
)
|
|
14
|
|
||||
Stock-based compensation
|
|
54
|
|
|
59
|
|
|
109
|
|
|
115
|
|
||||
Depreciation and amortization
|
|
232
|
|
|
228
|
|
|
461
|
|
|
456
|
|
||||
Impairment of goodwill
|
|
20
|
|
|
—
|
|
|
785
|
|
|
—
|
|
||||
Impairment of intangible assets
|
|
10
|
|
|
—
|
|
|
131
|
|
|
—
|
|
||||
Adjusted EBITDA
|
|
$
|
(436
|
)
|
|
$
|
568
|
|
|
$
|
(512
|
)
|
|
$
|
744
|
|
•
|
Suspension of Share Repurchases. We have not repurchased any shares since our earnings call on February 13, 2020, and have suspended future share repurchases.
|
•
|
Suspension of Quarterly Dividends. We do not expect to declare quarterly dividends on our common stock, at least until the current economic and operating environment improves.
|
•
|
Credit Facility Draw. On March 18, 2020, we increased our cash on hand by borrowing $1.9 billion under our $2 billion revolving credit facility. The revolving credit facility bore interest at 2.55% as of June 30, 2020. The proceeds from the draw are available to be used for general corporate purposes, including working capital. This existing revolving credit facility was subsequently amended in May 2020 as discussed below.
|
•
|
Private Equity Investment. On April 23, 2020, we entered into an investment agreement with AP Fort Holdings, L.P., an affiliate of Apollo Global Management, Inc., and an investment agreement with SLP Fort Aggregator II, L.P. and SLP V Fort Holdings II, L.P., affiliates of Silver Lake Group, L.L.C., to raise approximately $1.2 billion in gross proceeds in a private placement of shares of a newly created series of preferred stock and warrants to purchase our common stock. The transaction was completed on May 5, 2020.
|
•
|
Senior Notes Issuance. On May 5, 2020, we privately placed $2 billion of unsecured 6.250% senior notes that are due in May 2025 (the “6.25% Notes”) and $750 million of unsecured 7.000% senior notes due May 2025 (the “7.0% Notes”, and, together with the 6.25% Notes, the “6.25% and 7.0% Notes”). The 7.0% notes have certain redemption provisions starting with the second anniversary of the issuance. The 6.25% and 7.0 % Notes were issued at a price of 100% of the aggregate principal amount. Interest is payable semi-annually in arrears in May and November of each year, beginning November 1, 2020. We expect to use the net proceeds of this offering for general corporate purposes, which may include, but are not limited to, the repayment or redemption of our 5.95% senior notes due 2020.
|
•
|
Credit Facility Amendment. In connection with the issuance of the Notes and private placement transaction, on May 4, 2020, we executed a restatement agreement, which amends and restates our existing revolving credit facility (as amended and restated, the “Amended Credit Facility”) to, among other things, provide additional flexibility under pliable covenant provisions.
|
|
|
Six months ended June 30,
|
|
|
||||||||
|
|
2020
|
|
2019
|
|
$ Change
|
||||||
|
|
(In millions)
|
||||||||||
Cash provided by (used in):
|
|
|
|
|
|
|
||||||
Operating activities
|
|
$
|
(2,630
|
)
|
|
$
|
3,287
|
|
|
$
|
(5,917
|
)
|
Investing activities
|
|
(341
|
)
|
|
(1,166
|
)
|
|
825
|
|
|||
Financing activities
|
|
5,333
|
|
|
34
|
|
|
5,299
|
|
|||
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash and cash equivalents
|
|
(93
|
)
|
|
20
|
|
|
(113
|
)
|
Declaration Date
|
|
Dividend
Per Share
|
|
Record Date
|
|
Total Amount
(in millions)
|
|
Payment Date
|
||||
Six Months Ended June 30, 2020
|
|
|
|
|
|
|
|
|
||||
February 13, 2020
|
|
$
|
0.34
|
|
|
March 10, 2020
|
|
$
|
48
|
|
|
March 26, 2020
|
Six Months Ended June 30, 2019
|
|
|
|
|
|
|
|
|
||||
February 6, 2019
|
|
0.32
|
|
|
March 7, 2019
|
|
47
|
|
|
March 27, 2019
|
||
May 1, 2019
|
|
0.32
|
|
|
May 23, 2019
|
|
48
|
|
|
June 13, 2019
|
|
June 30, 2020
|
|
December 31, 2019
|
||||
|
(In millions)
|
||||||
Combined Balance Sheets Information:
|
|
|
|
||||
Current Assets (1)
|
$
|
7,891
|
|
|
$
|
6,185
|
|
Non-Current Assets
|
9,904
|
|
|
10,320
|
|
||
Current Liabilities
|
6,649
|
|
|
9,486
|
|
||
Non-Current Liabilities
|
9,346
|
|
|
4,710
|
|
||
Series A Preferred Stock
|
1,022
|
|
|
—
|
|
||
|
|
|
|
||||
|
Six Months Ended
June 30, 2020 |
|
Year Ended December 31, 2019
|
||||
Combined Statements of Operations Information:
|
|
|
|
||||
Revenue
|
$
|
2,266
|
|
|
$
|
9,463
|
|
Operating income (loss) (2)
|
(1,565
|
)
|
|
420
|
|
||
Net income (loss)
|
(1,527
|
)
|
|
195
|
|
||
Net income (loss) attributable to Obligors
|
(1,544
|
)
|
|
198
|
|
(1)
|
Current assets include intercompany receivables with non-guarantors of $894 million as of June 30, 2020 and $1.0 billion as of December 31, 2019.
|
(2)
|
Operating income (loss) includes intercompany expenses with non-guarantors of $394 million for the six months ended June 30, 2020 and $1.2 billion for the year ended December 31, 2019.
|
Exhibit
No.
|
Exhibit Description
|
Filed
Herewith
|
|
Incorporated by Reference
|
|
|
|
Form
|
SEC File No.
|
Exhibit
|
Filing Date
|
||
|
|
|
|
|
|
|
4.1
|
|
8-K
|
001-37429
|
4.1
|
7/15/2020
|
|
|
|
|
|
|
|
|
4.2
|
|
8-K
|
001-37429
|
4.2
|
7/15/2020
|
|
|
|
|
|
|
|
|
4.3
|
|
8-K
|
001-37429
|
4.3
|
7/15/2020
|
|
|
|
|
|
|
|
|
4.4
|
|
8-K
|
001-37429
|
4.4
|
7/15/2020
|
|
|
|
|
|
|
|
|
10.1
|
|
DEF 14A
|
001-37429
|
App.A
|
5/7/2020
|
|
|
|
|
|
|
|
|
22
|
X
|
|
|
|
|
|
|
|
|
|
|
|
|
31.1
|
X
|
|
|
|
|
|
|
|
|
|
|
|
|
31.2
|
X
|
|
|
|
|
|
|
|
|
|
|
|
|
31.3
|
X
|
|
|
|
|
|
|
|
|
|
|
|
|
32.1
|
X
|
|
|
|
|
|
|
|
|
|
|
|
|
32.2
|
X
|
|
|
|
|
|
|
|
|
|
|
|
|
32.3
|
X
|
|
|
|
|
|
|
|
|
|
|
|
|
101
|
The following financial statements from the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2020, formatted in XBRL: (i) Consolidated Statements of Operations, (ii) Consolidated Statements of Comprehensive Income (Loss), (iii) Consolidated Balance Sheets, (iv) Consolidated Statements of Changes in Stockholders’ Equity, (v) Consolidated Statements of Cash Flows, and (vi) Notes to Consolidated Financial Statements.
|
X
|
|
|
|
|
July 30, 2020
|
Expedia Group, Inc.
|
|
|
|
|
|
By:
|
/s/ Eric Hart
|
|
|
Eric Hart
|
|
|
Chief Financial Officer
|
1 Year Expedia Chart |
1 Month Expedia Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions