Expedia Group (EXPE) FY2016 results: revenue $8.8 billion, up 31.5% on the year
Expedia Group, Inc. (EXPE) reported revenue of $8.8 billion for fiscal 2016, the year ended 31 December 2016, up 31.5% on the year before. Net income was $282 million, down 63.1%, and diluted earnings per share $1.82. The figures are the company's own, from the 10-K it filed with the SEC on 10 February 2017.
Revenue
$8.8 billion
+31.5% on the year
FY2009FY2016
Operating margin
5.3%
6.2% a year earlier
FY2009FY2016
Net income
$282 million
-63.1% on the year
FY2009FY2016
Diluted EPS
$1.82
-68.1% 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
8,774
6,672
5,763
+31.5%
Cost of revenue
1,597
1,310
1,179
+21.9%
Gross profit
7,177
5,363
4,584
+33.8%
Gross margin
81.8%
80.4%
79.5%
Operating income
462
414
518
+11.6%
Operating margin
5.3%
6.2%
9.0%
Interest expense
173
126
98.1
+37.2%
Pre-tax income
277
926
465
-70.1%
Income tax
16.0
203
91.7
-92.1%
Effective tax rate
5.8%
21.9%
19.7%
Net income
282
764
398
-63.1%
Net margin
3.2%
11.5%
6.9%
Diluted EPS
$1.82
$5.70
$2.99
-68.1%
$ 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
1,549
1,368
1,367
+13.2%
Capital expenditure
749
787
328
-4.8%
Free cash flow
800
581
1,039
+37.6%
Free cash flow margin
9.1%
8.7%
18.0%
Cash from investing
-718
-2,371
-924
Cash from financing
-691
1,404
48.1
Depreciation and amortisation
794
493
343
+61.1%
Share-based compensation
242
178
85.0
+36.1%
Buybacks
456
60.5
538
+652.7%
Dividends paid
150
109
84.7
+38.4%
Dividend per share
$1.00
$0.84
$0.66
+19.0%
Diluted shares, weighted
155m
134m
133m
+15.3%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
4,132
4,864
1,784
-15.1%
Non-controlling interest
1,561
65.4
109
+2,287.5%
Redeemable equity
0.0
658
560
Debt
3,159
3,183
1,747
-0.7%
Other liabilities
6,925
6,732
4,820
+2.9%
Total liabilities and equity
15,778
15,504
9,021
+1.8%
Fixed assets
1,395
1,064
553
+31.1%
Goodwill
7,942
7,993
3,956
-0.6%
Intangible assets
2,447
2,794
1,290
-12.4%
Investments
88.3
98.7
456
-10.6%
Cash and equivalents
1,797
1,676
1,403
+7.2%
Receivables
1,343
1,082
778
+24.1%
Other assets
766
795
585
-3.7%
Total assets
15,778
15,504
9,021
+1.8%
10-K for the year ended 31 December 2016, filed 10 February 2017: the filing.