Booking Holdings (BKNG) FY2021 results: revenue $11.0 billion, up 61.2% on the year
Booking Holdings Inc. (BKNG) reported revenue of $11.0 billion for fiscal 2021, the year ended 31 December 2021, up 61.2% on the year before. Net income was $1.2 billion, up 1874.6%, and diluted earnings per share $1.13. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2022.
Revenue
$11.0 billion
+61.2% on the year
FY2014FY2021
Operating margin
22.8%
-9.3% a year earlier
FY2014FY2021
Net income
$1.2 billion
+1,874.6% on the year
FY2014FY2021
Diluted EPS
$1.13
+1,856.2% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
2,820
85.0
4,865
+3,217.6%
Capital expenditure
304
286
368
+6.3%
Free cash flow
2,516
-201
4,497
Free cash flow margin
23.0%
-3.0%
29.8%
Cash from investing
-998
2,637
7,050
Cash from financing
-1,239
1,528
-8,220
Depreciation and amortisation
421
458
469
-8.1%
Share-based compensation
370
233
308
+58.8%
Buybacks
163
1,303
8,187
-87.5%
Diluted shares, weighted
1,034m
1,029m
1,088m
+0.5%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
6,178
4,893
5,933
+26.3%
Debt
10,926
12,014
8,628
-9.1%
Operating lease liabilities
351
366
462
-4.1%
Finance lease liabilities
6.0
n/a
n/a
Other liabilities
6,180
4,601
6,379
+34.3%
Total liabilities and equity
23,641
21,874
21,402
+8.1%
Fixed assets
822
756
738
+8.7%
Goodwill
2,887
1,895
2,913
+52.3%
Intangible assets
2,057
1,812
1,954
+13.5%
Investments
3,200
4,260
5,475
-24.9%
Cash and equivalents
11,127
10,562
6,312
+5.3%
Receivables
1,358
529
1,680
+156.7%
Other assets
2,190
2,060
2,330
+6.3%
Total assets
23,641
21,874
21,402
+8.1%
10-K for the year ended 31 December 2021, filed 23 February 2022: the filing.