Booking Holdings (BKNG) FY2020 results: revenue $6.8 billion, down 54.9% on the year
Booking Holdings Inc. (BKNG) reported revenue of $6.8 billion for fiscal 2020, the year ended 31 December 2020, down 54.9% on the year before. Net income was $59 million, down 98.8%, and diluted earnings per share $0.06. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2021.
Revenue
$6.8 billion
-54.9% on the year
FY2013FY2020
Operating margin
-9.3%
35.5% a year earlier
FY2013FY2020
Net income
$59 million
-98.8% on the year
FY2013FY2020
Diluted EPS
$0.06
-98.7% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
6,796
15,066
14,527
-54.9%
Operating income
-631
5,345
5,341
Operating margin
-9.3%
35.5%
36.8%
Interest expense
356
266
269
+33.8%
Pre-tax income
567
5,958
4,835
-90.5%
Income tax
508
1,093
837
-53.5%
Effective tax rate
89.6%
18.3%
17.3%
Net income
59.0
4,865
3,998
-98.8%
Net margin
0.9%
32.3%
27.5%
Diluted EPS
$0.06
$4.47
$3.33
-98.7%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
85.0
4,865
5,338
-98.3%
Capital expenditure
286
368
442
-22.3%
Free cash flow
-201
4,497
4,896
Free cash flow margin
-3.0%
29.8%
33.7%
Cash from investing
2,637
7,050
2,215
-62.6%
Cash from financing
1,528
-8,220
-7,431
Depreciation and amortisation
458
469
426
-2.3%
Share-based compensation
233
308
317
-24.4%
Buybacks
1,303
8,187
5,971
-84.1%
Diluted shares, weighted
1,029m
1,088m
1,200m
-5.4%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
4,893
5,933
8,785
-17.5%
Debt
12,014
8,628
8,649
+39.2%
Operating lease liabilities
366
462
0.0
-20.8%
Other liabilities
4,601
6,379
5,253
-27.9%
Total liabilities and equity
21,874
21,402
22,687
+2.2%
Fixed assets
756
738
656
+2.4%
Goodwill
1,895
2,913
2,910
-34.9%
Intangible assets
1,812
1,954
2,125
-7.3%
Investments
4,260
5,475
12,068
-22.2%
Cash and equivalents
10,562
6,312
2,624
+67.3%
Receivables
529
1,680
1,523
-68.5%
Other assets
2,060
2,330
781
-11.6%
Total assets
21,874
21,402
22,687
+2.2%
10-K for the year ended 31 December 2020, filed 24 February 2021: the filing.