Booking Holdings (BKNG) FY2015 results: revenue $9.2 billion, up 9.3% on the year
Booking Holdings Inc. (BKNG) reported revenue of $9.2 billion for fiscal 2015, the year ended 31 December 2015, up 9.3% on the year before. Net income was $2.6 billion, up 5.4%, and diluted earnings per share $1.98. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2016.
Revenue
$9.2 billion
+9.3% on the year
FY2008FY2015
Operating margin
35.3%
36.4% a year earlier
FY2008FY2015
Net income
$2.6 billion
+5.4% on the year
FY2008FY2015
Diluted EPS
$1.98
+8.3% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
9,224
8,442
6,793
+9.3%
Cost of revenue
632
858
1,077
-26.3%
Gross profit
8,592
7,584
5,716
+13.3%
Gross margin
93.1%
89.8%
84.1%
Operating income
3,259
3,073
2,412
+6.0%
Operating margin
35.3%
36.4%
35.5%
Interest expense
160
88.4
83.3
+81.4%
Pre-tax income
3,128
2,989
2,297
+4.6%
Income tax
577
568
404
+1.6%
Effective tax rate
18.4%
19.0%
17.6%
Net income
2,551
2,422
1,893
+5.4%
Net margin
27.7%
28.7%
27.9%
Diluted EPS
$1.98
$1.83
$1.44
+8.3%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
n/a
2,914
2,301
Capital expenditure
174
132
84.4
+32.3%
Free cash flow
n/a
2,783
2,217
Free cash flow margin
n/a
33.0%
32.6%
Depreciation and amortisation
272
208
118
+31.1%
Share-based compensation
247
186
141
+32.7%
Buybacks
3,089
750
884
+311.7%
Diluted shares, weighted
1,290m
1,326m
1,310m
-2.7%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
8,795
8,567
6,910
+2.7%
Debt
6,158
3,861
1,894
+59.5%
Other liabilities
2,467
2,343
1,641
+5.3%
Total liabilities and equity
17,421
14,771
10,444
+17.9%
Fixed assets
275
199
135
+38.1%
Goodwill
3,375
3,326
1,768
+1.5%
Intangible assets
2,168
2,335
1,020
-7.2%
Investments
9,103
4,898
5,463
+85.8%
Cash and equivalents
1,477
3,149
1,290
-53.1%
Receivables
645
644
536
+0.2%
Other assets
378
220
233
+71.6%
Total assets
17,421
14,771
10,444
+17.9%
10-K for the year ended 31 December 2015, filed 17 February 2016: the filing.