Booking Holdings (BKNG) FY2016 results: revenue $10.7 billion, up 16.5% on the year
Booking Holdings Inc. (BKNG) reported revenue of $10.7 billion for fiscal 2016, the year ended 31 December 2016, up 16.5% on the year before. Net income was $2.1 billion, down 16.3%, and diluted earnings per share $1.71. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2019.
Revenue
$10.7 billion
+16.5% on the year
FY2009FY2016
Operating margin
27.1%
35.3% a year earlier
FY2009FY2016
Net income
$2.1 billion
-16.3% on the year
FY2009FY2016
Diluted EPS
$1.71
-13.8% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
10,743
9,224
8,442
+16.5%
Cost of revenue
415
632
858
-34.4%
Gross profit
10,315
8,592
7,584
+20.1%
Gross margin
96.0%
93.1%
89.8%
Operating income
2,906
3,259
3,073
-10.8%
Operating margin
27.1%
35.3%
36.4%
Interest expense
208
160
88.4
+29.8%
Pre-tax income
2,713
3,128
2,989
-13.3%
Income tax
578
577
568
+0.2%
Effective tax rate
21.3%
18.4%
19.0%
Net income
2,135
2,551
2,422
-16.3%
Net margin
19.9%
27.7%
28.7%
Diluted EPS
$1.71
$1.98
$1.83
-13.8%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
3,984
n/a
2,914
Capital expenditure
220
174
132
+26.4%
Free cash flow
3,764
n/a
2,783
Free cash flow margin
35.0%
n/a
33.0%
Cash from investing
-3,333
n/a
n/a
Cash from financing
-1.0
n/a
n/a
Depreciation and amortisation
309
272
208
+13.4%
Share-based compensation
250
247
186
+0.9%
Buybacks
1,014
3,089
750
-67.2%
Diluted shares, weighted
1,252m
1,290m
1,326m
-3.0%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
9,820
8,795
8,567
+11.7%
Debt
7,138
6,158
3,861
+15.9%
Other liabilities
2,881
2,467
2,343
+16.8%
Total liabilities and equity
19,839
17,421
14,771
+13.9%
Fixed assets
347
275
199
+26.3%
Goodwill
2,397
3,375
3,326
-29.0%
Intangible assets
1,994
2,168
2,335
-8.0%
Investments
11,810
9,103
4,898
+29.7%
Cash and equivalents
2,081
1,477
3,149
+40.9%
Receivables
860
645
644
+33.3%
Other assets
350
378
220
-7.5%
Total assets
19,839
17,421
14,771
+13.9%
10-K for the year ended 31 December 2016, filed 27 February 2019: the filing.